- Clean up your credit. Talk with your banker about how you can take it from good to excellent.
- Take a professional approach to accounting and recordkeeping. Your budgets should be created around financial projections, and your books and recordkeeping should be structured to make it easy to monitor your results against them. You should also complete all required government filings (registrations, corporate tax returns, sales tax returns, payroll tax reports, etc.) on a timely basis.
- Network with lenders and build a relationship with a bank. When the time comes that you need outside financing, you want your business’s reputation and your personal character to be well established with people who can influence decision makers.
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