I was reading an article in Fortune Small Business about companies dealing with this recession. Did you know that anyone you have terms with, Net 30 or Net 90, may give you a discount for payment at time of order. This is HUGE for you as a business owner. Think about it. You have credit with this company already, because you have terms. But now they will give you a discount just for paying at the time of order. Imagine when it comes time to report on your business to Dun & Bradstreet, you can bet they will make sure you they rate you very favorably.
Another way to leverage your business credit it to take advantage of opportunities that may be costly up front but will end up saving you money, such as business equipment. If you can save money on energy efficient equipment, or save money on trash removal because you buy a trash bailer, wouldn’t you take that opportunity. But the only way you can do this is to use your business credit. If you don’t have business credit, or even if you do, you should check out the Insiders Guide To Business Credit. They walk everyone, from the new business owner all the way to the veteran through the steps to get business credit for…