Todd Miller: Unlocking the Power of Business Credit

In this episode of the Blue Shirt Leadership Podcast, host Kyle Gillette interviews Todd Miller, a financial expert who helps small businesses build credit. Miller shares his personal experience with business debt and explains how building business credit is crucial for small businesses to achieve financial success. He offers a seven-step process to build business credit, emphasizing the importance of building all three pillars of business credit equally. Miller also notes that building business credit intentionally is necessary and can make a business more credible in the eyes of lenders and government contractors, leading to more opportunities.

Notable Quote:

"Every day that I can rescue a business owner from that happening it's not just affecting them, like I said earlier, it affects their family their employees' families and it builds a stronger community."

Show Notes:

Building Business Credit [00:03:39] Todd Miller explains what business credit is and how it can help small businesses. He also talks about the importance of separating personal assets from business assets.

Steps to Building Business Credit [00:05:09] Todd outlines the seven-step process his company uses to help small businesses build credit. He emphasizes the importance of building credibility and registering with all three business credit bureaus.

Benefits of Business Credit [00:06:18] Todd discusses the freedom that comes with having built up business credit. He explains how businesses can leverage credit to grow and scale without risking personal assets.

Building Business Credit [00:09:13] He explains the importance of building business credit and how most business owners are not utilizing their credit cards to build business credit.

Additional Benefits of Business Credit [00:10:21] Todd Miller discusses how building business credit can make a business look credible to banks and increase its chances of getting approved for loans.

Industries Struggling with Business Credit [00:13:31] Todd Miller talks about how even service businesses that don't require a lot of equipment can benefit from building business credit and how he initially thought only certain industries would struggle with it.

Connect with Todd to learn more about business credit and how you can create more financial stability within your own business. Find him on LinkedIn, on his website, or on Instagram.