Page 184 - Winning The Credit Game Bundle (CK Patrick)

investors ask can help businesses discover new ideas with the
potential for massive business growth even without investors.
After all, it is the investors’ job to think about how companies
can grow. Just like when making your business plan, considering
how you would pitch your company to a venture capitalist if
you absolutely had to get investors to keep your business going
may force you to identify opportunities for growth via new
inventions, product lines, or business models.
There are many ways you can explore the business credit
lines offered by major tech companies, car companies, and other
industry-specific vendors. For this chapter, we will focus on
information that can be used by almost any business, such as
advanced business credit cards and procuring investors.
Before applying for Tier 4 credit lines or pitching to investors,
you will want to ensure that you have at least 14 business credit
tradelines. These include your 7+ Tier 1 and Tier 2 credit-
reporting lines, and any Tier 3 credit lines you may have opened,
such as loans or non-reporting trade references.
While juggling 14 accounts may sound like a lot, remember
that at this point, most of your business’s operating supplies can
likely be procured through business credit tradelines and that
business credit cards you use to pay your vendor invoices also
count as credit lines. If you split your monthly invoices between
three or four business credit cards that all report to credit
bureaus, for example, those will count as business tradelines on
your credit reports without requiring you to buy more things or
spend more money.
You are essentially paying for the same purchases twice, and
having your purchases count as two separate payment experi-
ences, by first buying from vendors and then paying your
vendor invoices with a credit card which you then proceed to
pay off in full each month.
If you don’t yet have 14 business credit tradelines at this
point, take some time to strategize how you might open more
tradelines without increasing your cost or administrative burden
too much. Is there a way you could use new tradelines to earn

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