Not all credit scores are created equally. You likely already know that you have a personal credit score; it’s what you need to buy a car, get a mortgage, credit card, or even pass a background check. You probably also already know that there are three bureaus (Experian, Equifax, TransUnion) that report your credit scores.
What you may not have known is that your small business has a business credit score. Just like your ability to pay your credit card bills and mortgage payments on time factors into your credit score, your ability to handle your business’s debt and accounts payable, among other factors, all go into your business credit score.
Just like personal credit scores, business credit scores come from multiple reporting bureaus (Dun & Bradstreet, Experian, Equifax), and can help you get better financing. Also just like personal credit scores, business credit scores are not all created equally. Here’s a breakdown of three credit scores that matter to business owners. (more…)
Bluefield café owner transitions from employee to entrepreneur with help from West Virginia SBDC
Nicole Coeburn had a respectable career working in a community she loved. But like many millennials she yearned for more.
Having grown up in a family of entrepreneurs, Coeburn wanted to own a small business like her grandmother, father and uncles before her. But starting a business is easier said than done. And like many young professionals looking to take the leap, she still had a day job. How would she make a clean break and pursue her dream? And where would she even start?
There were a flurry of questions swirling through her mind, but Coeburn was certain of one thing: it was time to take her career to the next level. She just needed to find someone who could help her make that happen. And she’d have to take the leap. (more…)
The Churchill family, already familiar in Spooner from their successful coffee shop, opened a brewpub in 2018. Sue and Jeff Churchill handle marketing for the business, while son Spencer is the general manager. Oldest son Blain is a brewer. Daughter Alexandria, who manages the coffee shop nearby, serves as operations manager. Head brewer Brian Sunderland joined the team early on, and together they have created an experience to remember!
Driven by Love and History
The Churchill family loves the tourist community of Spooner and wanted to bring a more upscale dining and entertainment operation to town. Their enjoyment of brewpubs on family vacations led to their business concept. “We hired a chef and brewmaster,” said Sue. “We bring the vision, marketing, and community involvement. We hire a good team, then train and trust.” (more…)
Running a business is often about setting goals and putting in long hours and hard work to achieve them. Regardless of what type of business you run, it’s likely that “selling more” has a frequent, if not long-term, place on your to-do list. It’s a goal that requires staying up to date on new techniques, honing strategies, and being in touch with the latest industry news.
The sad part? It’s difficult for small business owners, many of whom have little downtime. Podcasts, however, afford busy professionals the opportunity to digest powerful and life-changing information while they’re commuting, working out, making dinner, or participating in any number of daily tasks that are well suited for audio media.
You can spend hours — if not days — sifting through all the many podcasts out there, but if your goal is to sell more, these 12 podcasts can help. Plus, many of them offer valuable information for not only running a business, but living the entrepreneurial life. (more…)