Mel feller answers the question do businesses have a credit score by mel feller
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Mel Feller Answers the Question Do Businesses Have a Credit Score by Mel Feller Mel Feller points out that if you own a business, you have the opportunity to build up a business credit profile in addition to your personal credit score. Like personal credit scores, business credit scores are based on a mathematical formula that uses variables, which indicate trustworthiness, such as paying your bills on time and not needing to max out a line of credit.
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Mel feller answers the question do businesses have a credit score by mel feller
- 1. Mel FellerAnswersthe QuestionDo BusinessesHave a CreditScore by Mel Feller Mel Fellerpointsoutthat if you owna business,youhave the opportunitytobuildupa businesscredit profile inadditiontoyourpersonal creditscore.Like personal creditscores,businesscreditscoresare basedon a mathematical formulathatusesvariables,whichindicate trustworthiness,suchaspaying your billsontime andnotneedingtomax out a line of credit. Purpose Businesscreditscorespredictthe likelihoodthataclientbecomesatleast90 daysbehindonhisbillsor goesintodefaultandneedslegal protectionfromcreditors,accordingtoDun& Bradstreet.Credit scoringagencieslookatsimilarbusinessesanddetermine whatinterestrate itneedstocharge to mitigate the riskof default,orif the businessdeservescreditatall. Features The actual factors thatgo intoa businesscreditscore varybythe actual agency,butmost use similar factors.ExperianandDun & Bradstreet,forexample,lookatpaymenthistory,the numberof accounts and currentbalance,accordingto CreditCards.com.Inaddition,Experian considersyourhistoricalscore and if youhad any defaultsinthe past.Yourbusiness'demographicsare considered,suchasthe age of the businessandlaborpool. Concerns Most entrepreneurshave touse theirpersonal creditscoresinlieuof abusinessscore because itcan take yearsbefore youbuildupa businesscreditprofile thatmightattractinterestfromlenders, accordingto "Entrepreneur"magazine.Inaddition,businessvendorsvoluntarilysendininformationto creditreportingagencies,soa businesscanholdaccountsforyears andhave no businesscredithistory. Potential Businesscreditscoresgainanever-increasingimportance forsmall businesses.The proliferationof informationonsmall firms -- whichhastraditionallybeenscant -- meansbanksandsupplierscanmake lessriskydecisionswhendealingwithsmall companies,accordingtothe "LosAngelesTimes."Asof 20017, Equifax hasdata on 24 millionsmall businessesandplanstoexpandthisknowledgebase. Benefits Beyondincreasingthe oddsof a businessreceivingapproval foraloan,a goodbusinessscore mayhelp solidifybusinessrelationshipsandcomplete deals,accordingtoCreditCards.com.Anybodywhoassumes
- 2. riskin a deal,suchas businessinsurance companiesandmanufacturers,maylookata company'scredit score whendecidingwhethertodobusiness. MEL FELLER AND HIS SKILL SETS Mel Fellerisacertifiedexecutivecoachandconsultantforleaderswhoneedtoachieve significant personal andorganizational results. One of Mel Feller’sexpertise,insightsandengagingstyle helpshisclientsgainwisdomandclarity,which resultin: Executiveswholeadmore effectively Teamsthat seektocommunicate andcollaborate,and Organizationsthatare alignedwithbusinessstrategy Mel Fellerhasoverthree decadesof coachingandconsultingexperience indiverse industries,which providesarich frameworkforhisorganizational insightsandcreative solutions.Ibringsa thoughtful approach to hiswork,carefullyintegrating bothmycoachingandconsultingskillsandabilities.When consulting,myfocusison“what youare doing”(i.e.,goal setting,problemsolving,takingactionand achievingresults).Whencoaching,myfocusison“whoyou are being”(i.e.,how youare leading, aligningyourvaluesandtappingyourgifts).Asaclient,theybecome more consciouslyaware of how payingattentionto – and balancingboth – are criticallyimportanttotheirsuccess. Whenyoucombine Mel Feller’skeeninsightsandengagingstylewithhisin-depthskills,technical certificationsandbroadindustryexperience,the resultisauniquelyqualifiedexecutive coachand organizational consultant. So...whatkindof coach are you?" I getthis questionalot.Moreover,the answeris…Iam a Life Coach,Executive Coach,CareerCoach,and BusinessCoach.Icoach teens,businessexecutives,authors,artists,entrepreneurs,retiredseniors,busy momsand entire organizations. “Truth telling,honesty,andcandor:IlovedyouMel Feller!Youhave somuch energyandknowledge!I trulyhope I getanotheropportunitytobe coachedby you.I see myself alittle clearernow,andit’snot so bad.” Lisa Mathews
- 3. “Mel Felleryouaddedmore value thanwe canpossiblysee rightnow.Mel Feller,youare warm, inviting,andaccommodating.Thankyouforcomingalongside usinthistransition!” VanessaCavanaugh “Mel Fellerthe besteducationsessionthatwe have attendedinmanyyears!Thankyousomuch — I am veryexcitedtoputeverythingyouhave taughtusintopractice!” Michael Randolph “Mr. Mel Feller,Thankyou,thankyou,thankyoufor givinga marvelouskeynote atourSymposium! While we have notyetcollectedthe official feedback,the unofficialfeedbackwasthatYou Were a Hit! I heardnothingbutcomplimentsregardingyourpresentations.Thankyouformakingsucha positive impacton our attendees!” Lyle CunninghamVP "Mel Felleruseshishumor,compassion,anddirectnature tohelpbringoutthe bestinme.Mel Felleris committedtohelpingme live...Imean,reallylive,life toitsfullest." Jose Rodriguez Mel FellerLinks https://www.instagram.com/mel.feller https://ourmrmel.tumblr.com/ https://www.pinterest.com/cfs360/ https://twitter.com/melfeller/following https://wordpress.com/page/melfellerinternetbusinessinnovations.wordpress.com https://dribbble.com/melfeller