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Part 9: The Appendix
The appendix section should be provided to readers on an as-needed basis. In other words, it should not be included with the main body of your business plan. Your plan is your communication tool; as such, it will be seen by a lot of people. Some of the information in the business section you will not want everyone to see, but, specific individuals (such as creditors) may want access to this information in order to make lending decisions. Therefore, it is important to have the appendix within easy reach.
Credit Scoring
Ever wonder how a creditor decides whether to grant you credit? For years, creditors have been using credit scoring systems to determine if you'd be a good risk for credit cards and auto loans. More recently, credit scoring has been used to help creditors evaluate your ability to repay home mortgage loans. Here's how credit scoring works in helping decide who gets credit -- and why.
Where the Bible teaches us how to improve our cashflow
No cash means stunted business growth, worry and sleepless nights wondering to how you are going to pay your bills. So you're lying there at night, eyes wide open, thinking how you are going to face your creditors the next morning. In this situation, many business owners (religious or not) would plead for some kind of divine intervention. Well believe it or not, one strategy for getting your customers to pay on time is actually sitting there in the bible. You just need to know where to look…

Coach Your Business Team To Recognise A Profit
After years of paying bills, lodging tax returns, balancing debtors & creditors, doing bank reconciliations and lodging financial returns for your business, it's understandable if you've fallen into the error of thinking that "everyone understands money" and "everyone knows what a profit is!" But does your team know what a profit is? Keep reading for Your Reality Check.

Communicate with the people you owe; it’s a win-win for everyone
James Dicks explains the benefits of being honest with your creditors, even when the answer is not what they want to hear.

IS YOUR BUSINESS PUTTING YOUR ASSETS AT RISK? BUSINESS ORGANIZATIONS: THE LIMITED PARTNERSHIP
Most states provide for a variety of business forms. The form you choose for your business will influence the time and money needed to form and maintenance your business. Most importantly, it controls the extent to which your personal assets are available to your creditors to satisfy business debts and obligations. This article is the third in the series that explores the differences between business forms. It is easy to read and understand. The information is a great starting point in your investigation and will prepare you for further discussions with your attorney, accountant, or advisor.
What the Heck are Business Credit Bureaus?
The top three credit bureaus used in business credit are Dun & Bradstreet, Business Experian, and Business Equifax. Ninety-nine percent of creditors will report to one of these three credit bureaus. The top credit bureau is Dun & Bradstreet, so we will discuss it first.
How to Avoid Having Your Creditors Pierce the Company Veil
One of the principal reasons you form a corporation or a limited liability company (“LLC”) to own and operate your business is to insulate your personal assets from the claims of business creditors in case your business is not successful. Generally, your personal exposure is limited to the amount of capital you have contributed to the company. However, if you fail to follow the requisite business formalities, your attempt to insulate yourself from the claims of business creditors may be futile.
Cash Shortfall? - Managing Creditors
When you are in a situation where you cannot pay all your current creditors you must start to prioritise who you pay, and when you pay them. If you are a retail business for example; then your suppliers are the most important since without them you have no products to sell. If you have credit terms try to extend them, if not, at least attempt to maintain your existing terms otherwise your cash position will get worse.

Filing an Emergency Bankruptcy Petition
An emergency bankruptcy petition can get debtors protection immediately. This can stop creditors from eviction and even foreclosure. If these creditors are down your back, this may be your best option.
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