How to Devalue Your Business

Anyone who has sold or bought a business will tell you of the importance of business credit.

All potential buyers can get extensive information about your business, just by perusing your business credit report. Anyone who wants can get it.

This means they know details about your business including:

● Credit scores

● High credit limits

● Past payment performance

● Employees

● Revenues and much more

Now that you know how easy extensive credit and financial information is to get for a company, if you were a buyer wouldn’t you get it?

Based on what’s on your business credit report, would you want to buy your company?

Is your company established? Does it pay its bills? Do you look like a successful company from your report?

If you could choose from two companies to buy which were the same in every way except for their business credit, which one would you buy? The one with a very limited or no credit profile, or the one with a credit profile reflecting good payment performance, and with available credit?

Business credit is essential for a good evaluation of a business. So be sure you have checked yours recently and that it represents your business as it should.