Ep 14: $50K Business Credit Blueprint: Everything You Need to Know to Boost Your Business (Pt 2 w/ Romon Logan)

Description:

In this episode of Call Her Profitable, Odaisha dives into part 2 of her interview about obtaining high limits of business credit with expert Romon Logan. Discover practical advice on utilizing business credit effectively, understanding the impact on taxes, and avoiding common pitfalls. From checking your credit score to selecting the right credit card for your business needs, this episode is packed with actionable insights to help you navigate the financial landscape of entrepreneurship.

Key Takeaways:

Avoid Personal Purchases with Business Credit: Ensure that your business credit card is used strictly for business expenses to avoid issues with fraud alerts and potential account closures.
Track Expenses Efficiently: Utilize credit cards with categorization features to simplify your tax preparation and keep track of expenses. ● Check Your Credit Regularly: Use services like NAV.com to get a comprehensive view of your business credit from multiple bureaus. ● Know Your Credit Card Terms: Be aware of whether your credit card is a charge card or a revolving credit card and understand the payment requirements to avoid pitfalls.
Build Business Credit Strategically: Focus on building a strong business credit profile with responsible credit usage and timely payments to leverage better financing options.

Why Listen:

This episode is essential for new and established business owners looking to optimize their use of business credit. Romon’s expert advice will help you avoid common mistakes, understand the relationship between credit and taxes, and make informed decisions about managing and utilizing business credit.

Resources Mentioned

Get Funded with Romon: https://www.legacyfundingscore.com/womanofpower

Monetize Your Gifts: Unlock Opportunities for Profit Training: Includes a detailed breakdown of the Take Inventory Method and a complimentary workbook to guide your journey https://thewomanofpowergroup.ck.page/products/unlocking-opportunities-training

Purpose to Profit Planner: A 30-day self-paced interactive planner to help explore your spiritual gifts and build a business around them

https://thewomanofpowergroup.ck.page/purposetoprofit

Connect with me on social media: Instagram.com/Callherprofitable; Instagram.com/thewomanofpowergroup

Join our email community for tips on walking boldly in your purpose: https://astounding-trader-6073.ck.page/5e9697fe83

Join The Woman of Power Group September events https://bit.ly/womanofpowergroup

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Contact me via email: Odaisha@thewomanofpowergroup.com