So, you're sitting in your office, looking at your balance sheet. It looks all right. But your venture could really use a booster shot in the arm. But to do that you need a good business credit profile. You sigh. That's the problem. It's not as good as it should be.

And really, you argue, it's nothing but a vicious circle. Without the good business credit profile, you know you're not likely to get credit. And without the credit, you're less likely to be able sustain the profitability of your business.

Once you learn -and apply -- the secrets that other successful business owners use to build awesome credit, you too will be that much closer to looking at a truly outstanding credit profile. So, what are we waiting for?

• Pay your bills on time. Okay, so this is a no-brainer. But it’s an extremely important no brainer. This is the stuff that business credit profiles are made of. Your experiences with other businesses are without a doubt a formidable snapshot of the health of your business. It lets others know how stable your venture truly is on a daily basis. Paying each and every bill on time, actually 1 – 14 days before it due, is the most direct and quickest way to ensure a positive credit rating. Really!

• Be fanatical about accuracy on your profile. Yes! Fanatical! Don’t allow negative items that aren’t accurate to stay on your business credit profile a moment longer than necessary. Everyone and every organization makes an occasional mistake. As soon as you see something that even appears a little odd, call the organization immediately. Just one more reason why you need to check your business credit profile at least twice a year!

• Keep your personal credit under control. Don’t let your own personal credit report slide. This is especially true if you’re the owner of a new business. Until your company develops a healthy credit profile of its own, your personal credit may also come under scrutiny by prospective creditors. So how efficient you are at managing your personal finances can make a big impact and reflect more than you ever thought on your business.

• Control the debt you have. The last thing you want on your profile is for others to see that you have a great deal of debt already on your balance sheet. They may think that your business is already burdened with enough financial obligations as it is. Try to only use about 35 – 45% of your available credit so you don’t appear over-extended.

This is a great checklist for building an awesome credit profile. If you start with these, you’re well on your way to creating a solid foundation for your future and the success of your business dream.