#21 : The Secrets to Building Business Credit for Success with Varney Jallah

Work it, Live it, Own it!

Welcome to this inspiring podcast episode where SaCola Lehr invites Varney Jallah, the visionary behind Total Structured Solutions, to shed light on the incredible power of building business credit. Get ready to be motivated and take action!

Varney passionately explains that business credit is a whole different ball game from personal credit. By structuring your business properly, you can establish a solid foundation for your creditworthiness. So, let's dive into the steps you need to take to make this happen!

First things first, Varney emphasizes the importance of obtaining an Employer Identification Number (EIN) and registering your business with the Secretary of State. These simple yet crucial steps lay the groundwork for building your business credit empire.

But wait, there's more! Varney shares a golden nugget of wisdom: avoid using a PO Box or your home address for your business. Instead, he suggests getting a virtual address. This small change can make a world of difference in how your business is perceived by lenders and potential partners.

Now, let's talk about the incredible benefits of building strong business credit. Picture this: access to better financing options, increased credibility, and the ability to separate your personal and business finances. It's like unlocking a whole new level of success!

And guess what? Varney has your back on this journey. He has designed an online course specifically tailored to help realtors establish and build their business credit. This course is a game-changer, providing you with the knowledge and tools you need to take control of your financial future.

So, my dear listeners, it's time to take action! Don't let this opportunity slip through your fingers. Follow Varney's advice, implement the steps, and watch your business credit soar to new heights. Get ready to unlock a world of possibilities and pave the way for your entrepreneurial dreams to become a reality.

Remember, building business credit is within your reach. It's time to seize the moment and create a solid foundation for your success. Let's do this together!

Mentions with timestamps:

Topic: Applying for an EIN and registering a business entity

IRS.gov: 00:06:06

Secretary of State: 00:06:06

Topic: Virtual office provider

Regus: 00:10:26

Topic: Secretary of State website and virtual address service

Secretary of State website: 00:11:12

Virtual address service: 00:11:12

Topic: Financial institutions for business banking

American Express: 00:14:34

Navy Federal: 00:14:34

Chase: 00:14:34

Bank of America: 00:14:34

PNC: 00:14:34

Topic: Capital One Business Spark Card and Discover

Capital One Business Spark Card: 00:15:34

Discover: 00:15:42

Topic: Local banks or credit unions

Local banks or credit unions: 00:16:09

Topic: Arnie's social media platforms

Arnie's social media platforms: 00:19:02

Topic: Online course for realtors, virtual addresses, and financial advisor

Online course for realtors: 00:22:58

Virtual addresses: 00:26:22

Financial advisor: 00:27:22

Links and Resources:

Connect with SaCola: https://workitliveitownit.com/

Follow SaCola on Facebook: https://www.facebook.com/workitliveitownit

Follow SaCola on Instagram: https://www.instagram.com/workitliveitownit/

Subscribe to Work it, Live it, Own it! On YouTube: https://bit.ly/2lxB1TS

Read more about SaCola’s real estate story: https://bit.ly/40T3dnt

Check out the Homebuyers Guide: https://bit.ly/3VoOGi5

Check out the Sell Your Home Guide: https://bit.ly/3NuHP58

--- Send in a voice message: https://podcasters.spotify.com/pod/show/workitliveitownit/message