Adventures In Venture Land

[Grimm]

Watch this video:   

http://video.yahoo.com/video/play?vid=1771056

Applying for an EIN ( employer ID number ) is free,

Establish credit with services you NEED for your business.

Example:  Publishing company = credit line with paper companies, ink companies, etc.

Get the supplies you need on credit

Offer products you made on credit to people who wish to use them


Example: If you made tee shirts you give a small stack to bands doing shows. They then pay you after they sell them. If they don't sell them they pay you from their pockets.

What if they don't pay?

Thats when you dump their bill to a collections agency including the collection agencies fee.

Collections pays you

You pay your business line.

DO NOT DO THIS WITH "PERSONAL" CREDIT  USE YOUR EIN "BUSINESS" SSN


You will not need to get a business start up loan if you play your cards right.

[Grimm]

Technically....  TECHNICALLY.. 

If you wanted to and really didn't give a poop about your business credit since it is SEPARATE from your personal credit..

You could establish a bizz credit line with suppliers consisting of people you don't really care for.

Use the credit to create a poop load of little white books.

And let yourself create economic martyrdom and possibly drag them down with you.