I stuck on this step right here. Building business credit. I kept trying to build a passive income so that I could keep my business loans and on automatic payments. I literally just realized ALL the money that I invested in other ventures of trying to learn this could have been placed in a account to be on automated payments. 2 years in this June. But it’s okay, because my business is 2 years old and I’m learning what I need to learn. It’s okay if some of us don’t or didn’t get it in a certain time period. I’m getting it now. The life changing amount of money that would start to make a difference in my business upscaling is $5k and up. That would be a good start. A better start up fee would be $25k - $200k Thank You for these gems. You’re always appreciated.
Biggest challenge is starting my business, But thank God that he has put people in place to help me get the tools to succeed. Thank you for your information. God bless
What do you recommend startups reporting no income (yet) enter in the Average Monthly Revenue form of applications? Projected revenue based on national averages?
Hi Ellie! Have a question....if i am interested in doing multiple businesses under one LLC how do i go about it? Any advice is helping and i am binging thru your videos. Proud of your accomplishments and ongoing success for you and your fam❤
Hi, I’m not Ellie but I ran across your comment. You will need what the business world call a series LLC therefore you can list multiple businesses under that entity
It depends on your state of residence. I just put 2 businesses under my LLC in NC I show it as a DBA. I went to the register of deeds & filled out a form adding these 2 businesses to my existing LLC. There was a $26 fee.
Happy Friday, Ms. Lady, thank you again for sharing another GREAT VIDEO!!! 🤗❤️ I share all your videos with many of my friends and family. Keep up the great WORK! Many blessings to you and your family 💞
Hey guys i know this might be a dumb question. I want to ask should i rent a virtual office then apply for my LLC? So that i can have a physical address? Thanks best wishes guys 🎉❤😊
Having access to $25-50k for my business would help. I have only one biz credit card to help pay for expenses but it’s just about maxed out and monthly min is too high. I’d like a card(s) with a 0% interest balance transfer to combat the high min payments
I just signed up for NAV, e credible but I’m not yet opened only utilities as of now are my virtual office and business phone 😕…wondering how long before they report I’m thinking about getting a NET30 too
Hi Ellie, so grateful for you! Do you think it's worth investing in credit builder accounts if your personal credit needs repair? Don't most creditors review your personal credit (if you're a startup) anyway? Thanks in advance.
Absolutely, and yes they do! most creditors take a lot of other aspects into consideration before making their decision, so having bad personal credit isn't the BIGGEST deal lol. It's important but not THE most important thing!
Hey, thank you! ️ This is such a good question and my response is longer than RU-vid allows. Email me at support@ellietalksmoney.com and my team will make sure I get back to you!
It’s a process! Sometimes it takes some time to build it up. Keep at it tho because your hard work will pay off 💪🏾💰 If you feel like you need more support, I got you! Here’s the link to my Business Credit Building Course: www.ellievatedacademy.com/courses/business-credit-academy?ref=c01bf8
