#15 - The Power of Separating Business Credit From Personal Credit with Murray Beaulieu

Action Takers Unscripted

Understanding the intricate relationship between personal and business credit is paramount for entrepreneurs and investors aiming to establish a secure financial future. In this episode, guest Murray Beaulieu shares the importance of building a solid credit profile against an EIN rather than a social security number. Whether you're preparing your enterprise for future sales or simply aiming to enhance its market position, this episode delivers a wealth of knowledge. It's not just about credit—it's about crafting a legacy of entrepreneurial triumph.
Show notes:
(0:00) Intro
(2:46) Who is Murray Beaulieu
(6:25) Eliminates the need for personal guarantees
(11:21) Much better terms, much better interest rates and higher credit limits
(13:05) Personal credit vs. business credit
(20:15) How do you build business credit: 7-step process
(29:56) Foundation: Data points
(31:58) Register
(33:13) Set up tier-1 lending accounts
(35:25) Monitor the transaction and build upper-tier lending accounts
(40:23) Capitalizing on the opportunity
(44:11) EIN rather than SSN
(50:41) Outro
Connect with Murray Beaulieu:
LinkedIn: https://www.linkedin.com/in/murraybeaulieu/
Facebook: https://www.facebook.com/murray.beaulieu/
Youtube: https://www.youtube.com/channel/UCHKS_WFTprEfLl-boifRKNA
Linktr: https://linktr.ee/murrayb

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