In this episode, I discuss business banking with Tiffany Street and why it is important for business owners, especially entrepreneurs to open a business bank account when they establish their business.
Additionally we discuss:
- what documentation a business owner needs to do to start up a business account
- how a business owner's personal finances, credit and income impact the business' bank account
- what is required to secure a business credit card and/or utilize other products available, such as a loan, line of credit, equipment loan, business real estate loan, etc
- Programs available for business owners such as payroll, wire transfers, payment processing, retirement accounts, employee benefit packages, financial literacy education for your employees, etc.
- Fraud protections provided by business accounts
- whether or not there is a stigma for business owners that don't accept credit cards
- whether or not your customers think your prices are negotiable if you accept payment via apps like Venmo, Cashapp or PayPal
- myths and misconceptions about setting up a business loan
- an entrepreneurial venture that Tiffany has embarking on and her biggest AHA moment of the process that has taught her to always be open to the possibility.
If you would like to speak further with Tiffany to get additional information or set up a business account, you can send her a direct message on Instagram. Her handle is @tiffanybriana
Thanks for listening!
