For Subscribers

Money Buzz 10/03

Simple tactics for avoiding bad credit; wooing top-notch talent to your board

By Jennifer Pellet

Opinions expressed by Entrepreneur contributors are their own.

Do You Rate?
The continued weak economy has hit small businesses hardest, andmany have struggled to keep their credit ratings intact. Butexperts say that even in a downturn, you can do simple things toavoid bad credit.

For one, you should regularly review your credit report, aseemingly easy task, but one many businesspeople fail to do. Youcan also sell noncore assets, a move that demonstrates to lenders acommitment to pay bills. What's more, experts say, you shouldbe proactive with your vendors. If vendors are not paid on time,they might call your banker, causing your credit rating to slip.Instead, call the vendors first, and notify them of any potentialmissed payments-they might be willing to skip calling the banker.Later, when cash flow improves, reward these vendors by paying themearly.

Continue reading this article — and all of our other premium content with Entrepreneur+

For just $5, you can get unlimited access to all Entrepreneur’s premium content. You’ll find:

  • Digestible insight on how to be a better entrepreneur and leader
  • Lessons for starting and growing a business from our expert network of CEOs and founders
  • Meaningful content to help you make sharper decisions
  • Business and life hacks to help you stay ahead of the curve

Related Topics

Editor's Pick

Everyone Wants to Get Close to Their Favorite Artist. Here's the Technology Making It a Reality — But Better.
The Highest-Paid, Highest-Profile People in Every Field Know This Communication Strategy
After Early Rejection From Publishers, This Author Self-Published Her Book and Sold More Than 500,000 Copies. Here's How She Did It.
Having Trouble Speaking Up in Meetings? Try This Strategy.
He Names Brands for Amazon, Meta and Forever 21, and Says This Is the Big Blank Space in the Naming Game
Business News

Mark Cuban's Grocery Store Hack Will Help You Score Cheaper Produce

The billionaire talked about his early days in Dallas when he was strapped for cash.

Real Estate

How to Cut Costs by Self-Managing Your Rental Properties

Learn how to limit expenses by self-managing your rental properties with five tips, using listing syndication, property management software and online rent collection.

Science & Technology

How to Enhance Business Automation and Unlock New Levels of Operational Efficiency

Explore the vast potential of combining AI and technology solutions to enhance business automation and boost efficiency.

Business News

These Are the Most and Least Affordable Places to Retire in The U.S.

The Northeast and West Coast are the least affordable, while areas in the Mountain State region tend to be ideal for retirees on a budget.

Business News

'This Conduct Is Wrong And Criminal': Amazon Consultant Will Plead Guilty To Bribing Amazon Employees

U.S. prosecutors charged six people for a scheme that involved bribes to Amazon employees for reinstating the accounts of sellers who were removed from Amazon.