Wednesday, July 28, 2010

Can I Establish A Business Credit File For My Homeshoring Company?

Yes you can! Creating a business credit file for your homeshoring company is more achievable than you ever imagined. I am sure your first thought is “this is probably a very difficult goal to accomplish”. Establishing your business credit file will take some work on your part but let me assure you that it is a lot easier than you think. It is very feasible to establish a business credit file for your homeshoring business.

Corporations are separate legal entities having their own privileges and liabilities distinct from those of its members. For taxes and credit purposes corporations are treated as individuals. When your homeshoring company is registered as a Corporation or Limited Liability Company you are protected from all personal liabilities. As a business owner you have the unique opportunity to have a separate business credit file and a personal credit file. The two files will never commingle.
Dunn and Bradstreet and Experian Business are the two major business credit reporting agencies. Most businesses are assigned a paydex score based on their trade lines. For a new business a padex score of 75-80 is regarded as positive credit rating. My suggestion is that before you start applying for corporate credit, your paydex score should be 80 or above. Keep in mind creditors are not required to send information to the business credit bureaus. They do so voluntarily, so if a creditor is not reporting just ask them to do so.
To start the process of establishing a business credit file your homeshoring company has to be registered under the correct organizational business structure and have all the following documentation:

  • Business Plan and Financial Statement
  • Articles of Incorporation
  • Business Licenses including all Permits allowing you to do business in your area
  • Employer Identification Number (EIN)
  • Dedicated Business Telephone Line - has to be listed under legal name with 411
  • Your Dun and Bradstreet number – 9 digit number used to verify credit history
  • A Corporate Checking Account
Now that you have all your documentation in place you can start applying to companies that are willing to establish business credit without using your personal credit file. These companies should also be willing to report to the major credit reporting agencies. A good starting point is with companies like Staples, Office Depot, Home Depot, Target and Gas Cards companies. If you have excellent personal credit you may want to consider applying for an unsecured American Express and or Business Credit Card. Before starting your quest for corporate credit the business credit reporting data base should reflect at least 5 trade lines and 3 credit cards.

Still not able to find that dream homeshoring opportunity? Then take a look at An Inside Job explore all available options.  You can check it out here!

Tuesday, July 27, 2010


One of the biggest decisions you have probably made in your lifetime is choosing your career path. Choosing a new career is normally a culmination of dreams, talents, and abilities and a homeshoring career is no exception. This is something to which you generally give a lot of thought and consideration. Here is the biggest question you have to struggle with to make that final decision. Can the benefits of working from home offset the opportunity cost of sacrificing salary and taking a job beneath your skill?

Making the decision to transfer to a work from home position, and to later discover that the career path you have chosen is lacking in opportunities can be very discouraging. Many positions may seem a little too general for your background, especially the pervasive customer service and call center positions that are wildly spreading across the web.

How do you go about choosing a work from home career?
For some people it is a breeze. Professionals such as accountants, nurses, programmers, teachers, and other specialists have to go no further than online to find many homeshoring opportunities. If you are interested in finding out what your industry has available, do a search on Monster or Google with the phrase “home based”, “work from home”, “homeshoring” or “telecommute” to get a feel of what your industry has to offer. If the search turns up empty then it's time to look for other career options. Homeshoring as a Virtual assistant, freelancing, or answering the phone for fortune 500 companies are viable options you may want to consider.

Is it worth changing fields and taking a salary cut?
This will depend on the changes in your family and lifestyle. Weigh the pros and cons equally. You won't have to buy new work clothes every season. Your gas costs will be whatever you choose for them to be, and your commute time? Nil If you have a dream you want to pursue, you can start to build on it slowly in the time and money you save. If you want to spend more time on family goals, homeshoring will allow you can do that too.

Many people work from home in fields they never thought they would enjoy, and get much more than they thought possible. Job security, decent salaries, benefits, discounts on catalogs, and the rewards of having a job well are some of the perks of homeshoring. Most women working from home today are moms and grand-moms, with -education and experience in the regular workforce who simply need a life changing experience. Let's face it mothers would rather spend more time with their children rather than staring on photo of their children photo in a cubicle. It is no surprise that 9-5 moms find Work from home positions appealing. They can now choose a better future in life for themselves and their families, while maintaining the balance of career and family

Choosing a work from home career is a big decision, so do it with care, but do it with excitement as well. To explore all your available options for a work from home position the eBook An Inside Job is an excellent resource guide. You can Check it out here!  Today you could be starting a new phase of your life and it could be the best part ever!
Good Luck!