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Business versus Personal Credit:Personal – Personal credit building starts when an individual provides their social security number and applies for their first credit card. At that point a credit profile is started with the personal credit reporting agencies in the region of the country in which they reside. This profile, also commonly known as a “credit report”, is built with every credit inquiry, credit application submitted, change of address and job change. The information contained in the report is usually reported to the credit bureaus by those businesses issuing credit. Eventually, the credit report is viewed as a statement or report of an individual’s ability to pay back a debt, and is the key tool to access and grant credit.Business – When a business issues another business credit, it is referred to as trade credit (credit from vendors or suppliers). Trade, or business, credit is the single largest source of lending in the world, but it typically not reported to the business credit agencies by most small businesses. The data regarding trade credit transactions must be submitted and then is accumulated by the business credit bureaus to create a business credit report using the business name, address and federal tax identification number (FIN). The credit bureaus use this data to generate a historical report about a company’s business credit transactions and payment history. Typically, the businesses issuing credit rely on the business credit report to determine the credit they are willing to grant and the amount of the credit limit. Additionally, many businesses (suppliers/vendors) will submit credit reference applications to the key suppliers of the business as a method to obtain payment patterns as part of the credit granting process.The major credit bureaus are:Dun & Bradstreet
Business Credit USA
Corporate Experian
Small Business Equifax
TransUnion (Personal)The information provided to the business credit bureaus (primarily D&B) is sent in voluntarily, as businesses are not required to report. Therefore, credit bureaus may never receive any information about the business transactions on credit and a business could go for years accumulating business history without being reported to the credit bureaus and establishing a positive business history of sound credit practices.Establishing Business Credit History:Business credit scores range on a scale from 0 to 100 with 75 or more considered an excellent rating. Personal credit scores, on the other hand, range from 300 to 850 with a score of 680 or higher considered excellent. With today’s tighter credit scrutiny the higher the credit score, the more likely an individual or business is to obtain credit and at more favorable terms (interest rate and contract length).While it is important to know that there are many factors http://www.myfico.com that affect a credit score; it’s based on more than just whether you pay your bills on time (still very important). The credit score will be affected by the amount of available credit you have on bank lines of credit and credit cards, the length of time you’ve had a credit profile, the number of inquiries made on your credit profile, paying the bills on time, bankruptcy, as well as other considerations.The typical American consumer credit report receives two to three credit inquiries per year and usually has 11 credit obligations – typically broken down as 7 credit cards and 4 installment loans. Business owners are not your typical consumer, because they carry both personal and business credit. This typically doubles the number of inquiries made to their personal credit profile and the number of credit obligations they carry at any given time, all of which negatively impact the personal credit score. Additionally, because business inquiries and personal inquiries are not separated on the personal credit report, the personal credit scores are negatively impacted. As mentioned earlier, using the personal credit history to get credit for their business, businesses are not able to build their business history/score, all of which could help attain critical business credit in the future.A critical mistake many business owners make is using their personal information to apply for business credit, leases and loans. This practice has the resultant impact of potentially lowering their personal credit score, while not building a business credit history and business credit score.A key to establishing credit for the business and a profile and score is to find companies (UPS, FEDEX, etc.) or your key supplier and vendors that will grant credit for your business without using your personal credit information and then report the payment experiences to the business credit bureaus. By reporting the information to the proper credit bureaus, those companies will help the business establish a business credit profile and score.The Seven Steps to Success:1. Company Legal Structure – The business must be a legal entity unto itself in order to establish business credit. Therefore, it is recommended to form a corporation (C Corp) or LLC (discuss with your CPA the advantage/disadvantages of a C Corp versus LLC) as opposed to structuring your business as a sole proprietorship or partnership. Formation of a sole proprietorship or partnership, dictates that personal credit information could be included on the business credit report. Additionally, as a sole proprietor or partner in a partnership, you are personally liable for the debts of the business and all your personal assets are at risk in the event of litigation.Corporations and LLC’s, on the other hand, provide the business owners liability protection, and can build a business credit profile that’s separate from the personal credit profile. Therefore, apply for credit under your business’s name and find businesses will to grant credit without a personal credit check or guarantee.2. Register with Business Credit Agencies – The best known business credit bureau is Dun & Bradstreet. Dun & Bradstreet has a process on their web site to establish a D-U-N-S number (a specific 9 digit number related to your business) and instructions how to establish a business credit rating. It is strongly recommended that you contact D&B and follow their process to establish business credit. The following is from the D&B web site:How do I get started with D&B? With our unsurpassed global data collection system, D&B continually gathers the data that initiates the creation of business credit profiles on new companies. Many kinds of activities can trigger a profile on a new company, such as incorporating your business, applying for a loan, getting a business telephone number, taking out a lease on office space – even just when another company seeks information from D&B about your business. Still, a new business may not have a complete business credit profile. Getting a D-U-N-S Number from D&B – the worldwide standard for business classification systems – is an essential part of helping you establish your business credit profile and will ensure that when a company looks you up in the D&B database they will find you. In some cases, a D&B D-U-N-S Number is so a requirement for doing business some entities, such as the US government.You should make sure you have a D&B business credit profile if:You are planning to obtain a business loan
You need to purchase or lease equipment
Your cash flow is tight
You want to ensure you are getting a fair deal from lenders compared to your competition
You want to pay net 30 days instead of COD (Cash On Delivery)
You are paying interest at prime plus 1, or even higher
You plan to do business with entities that require a D-U-N-S Number, e.g. the US GovernmentThese issues and dozens other like them can be addressed by having a strong business credit profile. A good rating provides you with the financial freedom to take the steps you need to grow, and is a straightforward, unbiased method for other companies to assess your level of risk when considering taking you on as a creditor. A poor credit rating is a certain barrier to growth and success, preventing you from getting adequate funding on fair terms.Communicating directly with D&B will help establish your business credit in less time. If you are a new company, D&B can help you build a complete business credit profile from the ground up; if you have been in operation for a while, you will want to improve and/or protect your business credit profile. Find out more about how to establish, monitor, improve, or protect your business credit.3. Credit Market Requirements – Businesses must meet all the requirements of the credit market in order to have a higher probability of credit approval, as not being in compliance with the credit market can “send up signal flares” with both credit bureaus and potential grantors of credit.Some of the “signal flares” include:not having a business license,
not being registered with the Secretary of State for a certificate of good standing,
operating under your social security number rather than a FIN or EIN,
not having a phone line (land line) that is listed in the phone directory in the exact business legal name,
no web site, or
not having a business email address (not AOL or gmail, but a specific URL for your company).4. Small Business Credit Lines – Investigate and locate a minimum of five businesses (vendors/suppliers) willing to grant a small business credit without personal guarantees and will report the payment experiences to the business credit bureaus. This will assist your business to establish a credit report and build a financial credit foundation for the company. Find companies willing to grant credit that report to the credit bureaus such as marketingoncredit.com, UPS, FEDEX5. Business Credit Cards – Obtain three business credit cards (Sam’s Club Discover Business card), that are not linked to you personally and that report the business credit to the reporting agencies. Then be sure to always pay your bills on time!6. Financial Statements, Business Plans and Loan Packages – These documents are often required by many credit grantors as part of their loan application process. CxO To GO is a national professional services firm that has assisted many business with their financial statement preparation and business plans. Additionally, CxO To Go has packages such as PowerPlan and PowerPlan2 for business plans, PowerPuncher for executive summaries, CFOCast for financial projections and BankSell for bank proposals so lenders and bankers will take action. It is important to note that 61% of all businesses are turned down for a loan due to a poor loan package, however with BankSell the lender loan package gets results and moves the applicant to the top of the list for review and credit committee approval.7. Debt management – Be a smart money manager and manage the debt levels to ensure they are not too burdensome and can be paid back with current cash flow. Do not incur debt that will over leverage the company and cause missed or late payments.

There are various horror stories in the healthcare field that we’ve heard a number of times before. Medical personnel are sometimes careless in doing their job. In the case of pharmacy technician jobs, giving the wrong prescription is the widespread error that is mostly reported. To stop such errors, there should often be a licensed pharmacist to supervise the work of pharmacy technicians but there are still errors reported each and every now and then. And this is when the ugly case of malpractice lawsuits come about, something both parties do not really want to go through.These pharmacy technicians have the permission to dispense controlled medicines as part of their job description, which sometimes tempt them to do what they should do. Nevertheless, a great majority of them are honest and hardworking group of individuals that act with professionalism in their work. In 24-hour pharmacies, they’re there to help clients at 3 am during a snowing cold morning. Pharmacy technician job will always be accessible to those qualified technicians that value the responsibilities given to them to serve the many individuals in need of pharmacy services.You’ll be able to apply for one of the pharmacy technician jobs even with out any formal training background in this field. This is well and good but chances are that no one will hire you simply because most employers will hire first applicants with formal training. The very first step then, to work in this field would be to sign up for a formal training program provided by various institutions. You’ll be able to choose to take your training on the web or study in a school classroom. In the event you wish to make soon enough, you will find formal training that last up to 12 months or much less only. If your aim would be to gain a high salary, you may need to finish a longer training program. A less than a year training program may not give you a solid foundation when it is time to take your certification examination.In the event you can, you need to acquire your certification simply because a certification will certainly help your career. A certification is a method of measuring the skills and information of technicians about various pharmacy tasks. If a pharmacy technician didn’t pass the certification examination, it means he still doesn’t have the needed skills and knowledge about his tasks inside the pharmacy. Undergoing formal training will provide you with the understanding to pass the certification exam that is why it is essential to pick the correct training program. Getting hired for one of those pharmacy technician jobs will probably be quicker if you’ve acquired your certification following finishing an accredited formal training program.Job openings for pharmacy technicians will not be an issue due to an ever-increasing demand for them. The number of individuals in need of prescription fill up is projected to increase as the years passed, thereby necessitating the need for more technicians. You will find also an increasing number of on the web pharmacies that can need their own pharmacy technicians. The salary rate nevertheless, for these different work settings will vary and it will be greatest for you to do your research on your region about which one of these can offer the most income and advantages.It really is certainly a good choice to pursue pharmacy technician jobs because of the many benefits which are accessible to those wise enough to be in this field. As long as you’ll find individuals in need of pharmacy services, there will often be a need for pharmacy technicians. The well-being of the patients though, should often be your main considerations and not your salary. You’ve a responsibility to them to serve them professionally and competently. Prescription errors can and will happen but you are able to reduce them from occurring in the event you will often do your finest, making sure you’re extremely qualified to be a pharmacy technician.

Vitamins A, C, E and magnesium, calcium and iron nutrition products abound in the market. Since childhood, we have heard constant reminders about the importance of good nutrition. But few of us really know what nutrition actually means let alone good nutrition. The scientific definition of nutrition is the process of obtaining nutrients in food that is necessary for the proper functioning of the different organs of the body and for the proper growth and development of the person as a whole.The term is derived from the Latin word nutritio which means sustenance. Nutrition is indeed an important process for human beings. Without proper nutrition, the organs in our bodies won’t function efficiently and correctly. We will stop growing, become weak and eventually die in the absence of proper nutrition. This is why many people find it necessary to take vitamin or calcium and iron nutrition products.Proper nutrition means more than just having a body that is physically fit. Having proper nutrition also encompasses the fields of the mind because as the saying goes, a sound mind and a healthy body. Simply put, nutrition affects every aspect of our humanity. If we have a body that is sickly, then we would soon have a mind that is always distressed and perhaps worried.With today’s stressful and polluted world, it is now more important than ever to ensure proper nutrition. This we can do by, first and foremost, ensuring that we have a balanced diet. A balanced diet simply means to include a broad selection of food and nutrients in our daily meals. We would also benefit from avoiding junk food as well as smoking and alcoholic beverages.One way to ensure proper nutrition is by taking food supplements such as vitamins or calcium and iron nutrition products. Don’t know what food supplement is good for you? Then try the personalized food supplements offered by Genewize Life Sciences through its LifeMap Nutrition(TM) System. Under this system, samples of your DNA will be taken from you in order to develop a product that is customized to your needs. The personalized supplements from Genewize certainly beat the other Vitamin or calcium or iron nutrition products that are flooding the market.