You’ve probably heard the old saying, “pennywise and pound foolish.” This accurately describes many small business owners who focus so intently on minimizing operating expenses, that too often they fail to spend money on the necessities, which in the long run ends up costing them more, not less. Likewise, many try to do nearly everything themselves in order to save money. This is an admirable goal, up to a point; however, successful managers have long understood the importance of delegating.

Think of it like this. Let’s say that as the business owner, your time is worth $50 per hour based upon your expertise, training and the specialized skills you have spent years developing. Imagine that you need a cashier, but are unwilling to pay $15 per hour to hire someone, so you end up doing the work yourself. This means that while you could be spending your time on other tasks that would help further build your business and ensure its success, you are working as a cashier. Remember, your time is worth $50 per hour, regardless of how you spend it. You can see where this is going. In essence, you are potentially costing your business $35 per hour instead of saving it $15 - pennywise and pound foolish.

This same kind of shortsightedness often prevents small business owners from hiring consultants who could transform their businesses from ones that are just getting by into ones that are growing and meeting their full potential. When it comes to business credit, you might have the same do-it-myself attitude that kept you from hiring the cashier in the above example. And in the end, it is costing you money, big time.

Building business credit is a complex process. You might think that since you know all there is to know about personal credit that you are adequately prepared when it comes to building credit for your business. And you may indeed have some successes, but if you aren’t careful, you might permanently damage your business’s credit rating. In truth, when it comes to building business credit, there are many pitfalls along the way that can unexpectedly trip you up unless you know exactly what you are doing. For example, if you are not careful, you might unknowingly have your business red flagged as a high risk, or even worse, no credit.

We can help you avoid these pitfalls and credit hazards. At United Business Credit, we have spent years uncovering the secrets of business credit and we are experts in the field. We can help you avoid the types of mistakes commonly made by those who try doing it on their own.

Another consideration is that building business credit can be time consuming, especially if you don’t know exactly what you are doing. Your time could be better spent focused on ways to build your business. For example, you might need to further develop or expand your marketing plan based upon changing demographics. Instead, if you are spending most of your time on building business credit, you might not have time to capture those potential customers that could help catapult your business toward greater success.

At United Business Credit, our motto puts it all in perspective: “We build your business credit so that you can build your business.” When you hire us to help you build business credit, you can be assured that we do most of the hard work for you so that you can rightfully focus your attention and time on building your business. One of our business credit coaches will work with you one -on-one to make sure that we are accurately meeting your business credit needs.

Finally, United Business Credit has successfully built a business credit network made up of thousands of creditors and vendors. In other words, we know who will be most likely to provide you with the credit you need. There is a lot to be said about the old saw, it is who you know that counts. We take it a step further by not only knowing “who,” but we also know “how” to get you connected with these creditors and vendors.

There is no better time than right now to begin building your business credit and United Business Credit is ready to help you get started. To learn more about our business credit building program, give us a call to today at 1-800- 852-1604 and we can help you begin building business credit the right way.