Author: Ebby LeBlanc

I help Christian women deepen their faith, find clarity in their purpose, and experience breakthroughs through prayer, journaling, and joy.

The Secret to Business Credit

Posted on by Ebby LeBlanc in Business Credit 
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When I first started my business, I had no idea that business credit existed or that my new business idea could qualify. The good news is that business credit is a thing, and you can absolutely qualify even if you just started. I’m going to show you how.

First, let’s discuss what business credit is. Business credit allows companies to purchase products and services through credit, loans, grants, etc. It is separate from your personal credit score. 

Why business credit? 

Well, it takes money to make money. Most importantly, you don’t have to go broke trying to build your business. Also, unlike personal credit, you are not penalized for utilization, and you get access to higher credit limits and loans. Remember, you can do all of this without touching your personal credit. 

What can you get with business credit? 

The short answer is just about anything. You can purchase a car in your business name. You can get loans and lines of credit in your business name. You can buy property, start an Airbnb, and more. 

How does business credit work? 

Similar to personal credit, there are three major bureaus. You have Duns and Bradstreet, Experian Business, and Equifax business. Unlike personal credit, business credit is only concerned about you paying on time. If you already have a business, you can check your score on nav.com. If you sign up for the $39.99 plan, it is a tradeline that will help you to build your business credit. Click here to sign up now. 

How do you build business credit from scratch? 

First, you must have a properly structured business. Unsure of how to do that? Grab a free checklist here.

Secondly, you need a Duns and Bradstreet number. (You may be familiar with the recent Duns and Bradstreet system changes. I wrote about these changes in a previous post. Check it out here. You only need to worry about the changes if you seek government contracts. If you are simply building business credit, you can disregard the change. 

Thirdly, you need tradelines like nav.com. Preferably three to five tradelines. You want to secure the tradelines using your EIN (Employer Identification Number) only. 

Even if you haven’t started making revenue yet, you can still build business credit from scratch. I breakdown how to do this and more in my business credit MasterClass. It’s only $37 for now. 

In the Level Up Your Business MasterClass I cover:

  • The 3 Secrets to building business credit from scratch without using your personal credit!
  • How to quickly and easily generate a paydex score in 90 days or less.
  • You’ll discover the easy way to qualify your business now – even if you are new to the business world.
  • How to quickly recognize and avoid being denied funding.
  • Personal Credit Hacks

 Click here to get access to the MasterClass.

If you are on the path to creating multiple streams of income, you should leverage both business and personal credit to get there. It is truly a game-changer when it comes to building generational wealth for generations to come.

See you at the top, 

Ebby

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Why I Love Being an Entrepreneur

Posted on by Ebby LeBlanc in Minding My Business

Why I Love Being an Entrepreneur!

I never imagined being a business owner. I wasn’t business savvy, and anything business-related was a turn-off for me. Working for someone else’s company didn’t feel like a “fail” for me, and it still doesn’t, as long as I love what I do and it aligns with my goals. However, things changed in 2020 when my husband and I were laid off a few weeks apart. I made a promise to myself that this would be the last time my family would ever worry about money for generations to come.

So, I started my own business. I went all out with it too. I hired a business coach, attended business conferences, and traveled for business-related events. I built business credit and used it to leverage more money.
I’m not going to lie; It has been a lot of trial and error, mindset shifts, imposter syndrome, and wondering if I’ve made the right decision. I’ve also contemplated giving up more times than I care to admit.

5 Reasons why I love being an entrepreneur

  • I get to spend more time with my family. I get to attend teacher meetings, school field trips, and activities.
  • I created muliple streams of income for my household. The average millionaire has at least 7 streams of income.
  • I get major tax benefits. I can write off my home office, supplies, meals, business travel & more.
  • I am able to create the life I want to live. I do not want to work Monday through Friday and only have the weekends off. I want to be able to take a vacation anytime I want.
  • It’s mine! It feels good to create something that is solely yours.

I am still learning when it comes to business. Some days I feel like I can keep my head above water; other days, I feel like I’m taking a huge gulp. Nevertheless, I’ve grown so much as a person, and I’ve set my family on a different path. See, I’m breaking generational curses of poverty here. My children will not have to worry about money in their lifetime because I’m setting them up for generational wealth.

Thinking about starting a business? Grab the free profitable business checklist here. It is a step-by-step checklist of what you need to have a legal, profitable business.

See you at the top!
Ebby

8 Ways to Create Passive Income Without Money

Posted on by Ebby LeBlanc in Minding My Business, Passive Income

8 Ways to Create Passive Income Without Money

There was a time when I thought becoming a millionaire was unattainable. I was barely making ends meet and living paycheck to paycheck. Once I started researching the habits of the wealthy, I realized my mindset was holding me back. All I needed was an action plan. That plan is to create multiple streams of passive income. Last time, we broke down what passive income is. Click here to read.

This week, we will discuss ways to generate passive income without money. Remember, passive income is when you no longer have to exchange time for money.

1 Create an Ebook: An ebook is one of the simplest and cheapest ways to generate passive income. All you have to do is choose a topic you are knowledgeable in or a skill you’ve mastered. It could be as little as three to five pages. You can sell your book on a free webpage or on sites like gumroad.com.  Free Ebook Template

2 Create an Online Course: This is similar to an ebook. You can record videos or have live class sessions on zoom. You can put your recordings on platforms like Udemy or Teachable and even Gumroad.

3 Create a Printable: Create a calendar, planner, and how-to list and sell it on Etsy. 

4 Create a YouTube channel: Pick a niche, keep it simple, and start recording. Again, choose something you know about and/or a skill you’ve mastered. After you receive a certain amount of followers, youtube will pay you! 

5 Rent Out a Room – AirBNB an extra room in your home. You can specify gender and age to your comfort level or advertise to traveling nurses. 

6 Open a Money Market or Interest-Earning Savings Account – Both options are free at your bank. You are missing an opportunity if you are not keeping your money in an interest-earning savings account. (Earn$30 when you Sign up for Varo Bank Account) You an also open a money Market account with Brex, plus get $250 when you sign up!

7 Affiliate Marketing: This is a great way to make money in your sleep. You can do this through a blog or any social media platform.  Apply to become an affiliate of EL Consulting.

8 Start a Blog- Pick a topic or align your blog with your ebook or course. Once you build a following, you can make money blogging. 

These are just a few ideas on how to start generating passive income, especially if you are just starting out or don’t have large amounts of money to invest. However, don’t be afraid to invest in more lucrative passive income streams even if there is a startup cost. You don’t have to spend your own money to start either. I show you how to leverage business and personal credit to create multiple streams of passive income in the Wealth Builders Club today!

Cheers to Creating the life you don’t need a vacation from!

-Ebby L.

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women walking in the street. the Words, Wealth Builders club: Minding our faith and our business membership

What you Should Know About Passive Income

Posted on by Ebby LeBlanc in Minding My Business, Passive Income

Have you ever read a post or an article that asked for ideas for passive income; however, when you scrolled the comments, every idea was anything but passive? Or maybe, you’ve tried googling passive income ideas, but again, it was a lot more work than you anticipated.
Well, there are many misconceptions about what true passive income is. Over the next few posts, I will break down what passive income is and provides tools for how to start adding passive income to your quota TODAY.


What quota am I referring to?


I’m so glad you asked.

I don’t know about you, but my goal is to be a millionaire and build generational wealth for my family. You’ve certainly found the right place if that is your goal too. (Click Here for a free profitable Business Checklist) The more I researched millionaire habits, the more I learned that the average millionaire has at least seven income streams. Seven sounds like a lot if you had to dedicate 40 hours a week to each one. However, the majority of the seven streams of income are passive.

So, What is passive income?

According to Forbes.com, passive income is “money you can earn without too much ongoing effort.” Actual passive income is when you no longer exchange time or exchange little time for money.

Here are four things to consider when building passive income streams

  • The upfront work and time investment are often anything but passive. However, once you do the work, you should enjoy the fruit of your labor with minimal maintenance.
  • One stream of passive income doesn’t have to make much money. People tend to overlook the small amounts of income-generating sources.
  • Multiple passive income streams are one of the best ways to generate wealth. After all, who doesn’t want to make money while they sleep?
  • You don’t always have to invest money to get started. There are plenty of ways to build passive income streams with little to no investment. I will give you examples in the next blog post. (Subscribe below to stay up to date)

See you at the top!

Ebby LeBlanc

How does the new Duns number system affect you?

Posted on by Ebby LeBlanc in Business Credit

If you are building business credit or keeping up with business trends, you’ve probably heard talks around the Dun and Bradstreet number being eliminated.

[Link to original story here].

 Since I help individuals build business credit and leverage it in their business to generate multiple streams of income, I’ve followed the news about the changes since they dropped some time ago.

Here is a quick breakdown of what you need to know.

  • The DUNS number is being replaced by UEI numbers (Unique Entity Identifiers) 
  • This will only affect you when applying for government contacts and programs, including government grants. 
  • If you’ve already registered your business with Sam.gov, there is no need to register again. 
  • You will still NEED your duns number for building business credit. 

In other words, if you are building business credit only, continue to pay your tradelines and check on your business credit regularly to ensure proper reporting. 

If you have no idea what business credit is or how to obtain it, grab my MasterClass here. 

See you at the top! 

Ebby

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