Understanding the intricate relationship between personal and business credit is paramount for entrepreneurs and investors aiming to establish a secure financial future. In this episode, guest Murray Beaulieu shares the importance of building a solid credit profile against an EIN rather than a social security number. Whether you're preparing your enterprise for future sales or simply aiming to enhance its market position, this episode delivers a wealth of knowledge. It's not just about credit—it's about crafting a legacy of entrepreneurial triumph.
Show notes:
(0:00) Intro
(2:46) Who is Murray Beaulieu
(6:25) Eliminates the need for personal guarantees
(11:21) Much better terms, much better interest rates and higher credit limits
(13:05) Personal credit vs. business credit
(20:15) How do you build business credit: 7-step process
(29:56) Foundation: Data points
(31:58) Register
(33:13) Set up tier-1 lending accounts
(35:25) Monitor the transaction and build upper-tier lending accounts
(40:23) Capitalizing on the opportunity
(44:11) EIN rather than SSN
(50:41) Outro
Connect with Murray Beaulieu:
LinkedIn: https://www.linkedin.com/in/murraybeaulieu/
Facebook: https://www.facebook.com/murray.beaulieu/
Youtube: https://www.youtube.com/channel/UCHKS_WFTprEfLl-boifRKNA
Linktr: https://linktr.ee/murrayb

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