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    4 Replies Latest reply on Jun 7, 2009 3:38 PM by Creditbuilder


    tcast67 Wayfarer
      i need all the information step by step to open a on property shoe store since at this moment i have nothing
        • Re: problem
          phanio Pioneer
          Very broad question - hard to answer on a fourm. I would suggest you start with a business plan - a plan that will outline step-by-step what you need. For help with your buisness plan - start with SCORE ( or find a local Small Business Development Center (SBDC).

          There is no guide on how to start a business as there are just too many variables - like your location, your suppliers, your finances, your local customers, your state requirements, your competition, etc, etc, etc.

          Business Money Today

          • Re: problem
            A common issue that I see is the mix of personal credit and business credit. Most small business owners get eager and use their personal access for the wrong needs. I put together an article to help you understand the two, feel free to comment.

            A true business credit card is a line of credit that is taken in the name of the business, under the business' credit. Activity, whether good or bad, is reflected on your business' credit report through D&B and other financial institutions, and the liability for any debts incurred and bills owed is with the business.However, some companies out there offer "business" credit cards which they require a person guarantee for. These institutions will often ask for a personal guarantee, and will almost always ask for a social security number from the person applying for the card. If this is the case, the credit card is not a business credit card, but is simply a personal credit card which is used for the business. The business is not liable for bills and debts - you are.When applying for a credit card for your business, watch out for areas asking for your SSN (and not your TaxID or EIN) and be wary of any credit card that asks for a personal guarantee. By ensuring that your credit card is in the name of your business, you can help to build your business' credit, while avoiding creating problems with your own.


            Many companies offer a list of credit cards that are issued under the business name only. Those lists typically run $300-$900, depending on the quality of the information inquiring. I would suggest starting your search online via google or yahoo. Search for "strong business credit" (just like that in quotes) to find services that sell the information.


            Good luck,


            Ilya Bodner


            Small Business Owner


            Initial Underwriting Group
            • Re: problem
              Creditbuilder Scout
              all you have to do is go to and they can help you build your business report, often for free

              former Dun and Bradstreet employee
              best of luck.