We sat down with Stormi Banks, CEO and Founder of Pink Print, to learn her top three tips for budding entrepreneurs who wish for ultimate business success. Pink Print is an online learning platform that features tools and resources for budding entrepreneurs to learn the necessary skills to start their own businesses.
Banks has tried and failed, then tried and succeeded, at starting her own business venture, which is why she positioned herself as a mentor for other female entrepreneurs. She specializes in financing, credit, and all the skills necessary to achieve real success in business.
“My course teaches business owners how to build credit and leverage it for what they need,” Banks explained.
Her syllabus is clear-cut and focused on providing powerful lessons that make a genuine difference in her students’ futures. She is not just here to be a cheerleader and coach, although she is those things. She is here to bring real change and education to those who will put it to good use by building empires of their own.
Banks created her teaching plans with her hardworking mother as inspiration. Read on to discover how to build your credit, find investors, and more about the ins and outs of business finances and why these three tasks are so important.
Build Your Credit
The Pink Print course, ‘Build Business Credit Like a Boss’, provides a well-rounded view of business credit and financing specifics.
“To get started with business credit, you must have a registered business,” said Banks. “That may seem obvious, but you’d be surprised. Go to IRS.gov to register your business for free.”
Next, create a business bank account, which one usually does in person at their local bank. You will meet with a bank advisor, and they will ask you about your business.
Finally, be in the public’s eye. Create a website, a Google My Business, and a Yelp page. List your company with 411 and Yellow Papers. Get a DUNS (Data Universal Numbering System) number for your business. And make sure you have a separate business phone number for your business credit card application.
Use a no-nonsense approach to securing funding. In fact, it’s not as much about schmoozing as people may think.
“Have a clear business plan with real projections to show your potential investors,” said Banks. “Investors want to know that they will make a profit from giving you money. They don’t care about how passionate you are. They care about cold hard numbers.”
You can also find grants for your business on grant databases. Use filters when searching to find the best possible matches.
Learn About Business Finances
Banks uses a curriculum born from her own entrepreneurial experiences to teach inexperienced newcomers entering the business world.
“You need to understand your finances,” the Pink Print CEO said. “Financial literacy and basic credit knowledge are vital when starting and nurturing a business. Learn how to secure business credit and increase your credit score. Make sure you never miss a payment, so you remain a healthy candidate for loans.”
Use your business credit card to save money with your business while still showing that you are making a profit. Use your credit card reward points where possible. If you have a small business, which most people do when they start, utilize things in your local area, such as working with interns or bartering for goods or services.
Banks is an encouraging advisor and guide. Countless students of hers from early on have developed financial literacy and success in business from her teachings. Now, they inspire the next group of emerging women business leaders to master what Pink Print offers.
About Stormi Banks
Stormi Banks is the CEO of Pink Print, an agency that’s inspiring entrepreneurs all over the globe. As the founder of the “Build Credit Like a Boss” Course, Banks developed a one-of-its-kind program that inspires financial literacy through engaging education to young entrepreneurs. Learn more at https://pinkprint.net and to attend Pink Print’s soon-to-be legendary event visit, https://pinkprintlinkup.com/