Official Review: Business Credit Exposed by Michael Smerdel

mmm17 · Post by **mmm17** » 20 Jun 2019, 15:47

[Following is an official OnlineBookClub.org review of "Business Credit Exposed" by Michael Smerdel.]

3 out of 4 stars

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Business Credit Exposed, written by Michael Smerdel, is a 167-page non-fiction book dedicated to helping readers understand how to obtain business credit successfully while minimizing personal risk. Having more than ten years of experience in the field, the author boldly promises readers that they can “learn everything about building business credit straight from this book.” And he delivers!

The book starts by stressing that entrepreneurs should never mix business and personal credit. Smerdel then delves into how to protect personal assets, eliminate personal liability, and lower tax burdens. After these aspects get addressed, the process of building business credit – also known as trade credit – is laid out. Readers learn how to establish a positive business credit score and get approved for revolving credit card sources. The premises and parameters used by business credit reporting agencies are analyzed.

I found this to be an organized and well-structured handbook. Although it’s short, it is an informative hands-on manual. The language used is clear and straightforward, as are the examples and tips. It felt to me as if I was attending a lecture or a course. The author’s tone is optimistic and motivational, akin to that of an experienced and friendly college professor. The way he constructs a personal dialogue with the reader makes the book an easy and pleasurable read. At the same time, the comprehensive references make it a meticulous and research-based work.

What I liked the most about this book is how the author provides various concrete examples to illustrate concepts and ideas. I particularly enjoyed the analyses of real business credit scoring models – the author masterfully explains how the scores get calculated. I was pleasantly surprised to learn that business credit with no personal credit check or guarantee is available through thousands of merchants, including Home Depot, Staples, Wal-Mart, Sam’s Club, and Costco. As I was reading this book, I got the feeling I was acquiring the tools one needs to become an entrepreneur.

Lastly, I am rating Business Credit Exposed 3 out of 4 stars. I am taking a star away because I found several editing mistakes in it; I felt the editing is not yet in its final form. Despite that, I found the book both engaging and instructive. It is a fast read that should appeal to entrepreneurs in general. I highly recommend it to readers who are thinking of starting a business. Those who are in no way interested in business ventures might not like it.

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Business Credit Exposed
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Charlie19 · Post by **Charlie19** » 23 Jun 2019, 23:42

i think it is smart to read this book. You can actually self help and mature on your own while becoming wiser and rich.

Vanekemmy · Post by **Vanekemmy** » 24 Jun 2019, 05:58

Sounds to be a good book to the new beginners of the business and even those who are in the business

Shadiid · Post by **Shadiid** » 24 Jun 2019, 08:41

I think this book will be very helpful to business owners. People often find themselves in financial problems that take a lifetime to overcome.

Erin Painter Baker · Post by **Erin Painter Baker** » 24 Jun 2019, 09:47

I am a bit of a personal finance geek, and I know a lot of people who have taken that to the next level to be self-employed entrepreneurs. While I am not there yet, it could happen. I will definitely look for this book if I decide to go that route.

Meg98 · Post by **Meg98** » 24 Jun 2019, 09:55

This sounds like an interesting and helpful book. It is a shame about the editing, as it can really detract from a good read, which I think is what happened here. I am still intrigued, and will check this one out! Thanks for this great review:)

Post by **kandscreeley** » 24 Jun 2019, 10:33

It's too bad about the editing, but it sounds informative for those with businesses. I don't really fit that category and don't plan to in the near future. If I ever do start a business, I will pick this one up. Thanks for the review.

kdstrack · Post by **kdstrack** » 24 Jun 2019, 10:43

You would think that not mixing business credit with personal credit would be common sense. It seems like it happens more than one would think. The author has some practical advice to help entrepreneurs. The optimistic tone, references and research add to the appeal. Thanks for this recommendation.

Niv123 · Post by **Niv123** » 24 Jun 2019, 11:48

Now this is the self help book that this economy needs! It sounds great for people venturing into the business field.Great review by the way.

CyndiA1 · Post by **CyndiA1** » 25 Jun 2019, 10:41

This sounds like a very informative book. Such lessons are not generally taught in school but are certainly important.

I feel that I have a clear idea of what to expect based on your review which I enjoyed very much.