Building Credit for Your Small Business

The importance of establishing a healthy credit history is just as important for businesses as it is for private citizens. Neglecting to do so, most small businesses will fail because opportunities for growth or to improve the business are typically dependent on being approved for working capital loans that can be used to purchase equipment and hire more employees to take their business to the next level. A business’ credit history will demonstrate their ability to responsibly repay their loans...

Accepting Online Payments: Another Way for Your Company to Build Revenue

In today’s world, most businesses offer the option to purchase items online. Convenience and 24-hour shopping are the ringtone of the 21st century. According to a study by JP Morgan, global e-commerce grew by 19 percent in 2011 to $680 billion. Just think of the numbers that 2012 produced! With the hustle and bustle, it’s tough for people to find time and energy to run more errands on top of the regular weekend ones, such as going to the grocery store. In order for both large and small busine...

The Importance of Researching Reputations Before Going Into Business With A Person

Before deciding to go into business with someone, it is extremely important to learn as much about that individual as possible. Just as you would do proper diligence on a potential financial investment, doing diligence on your potential business partner is a critical step, as it could have similarly far-reaching financial, emotional, and legal effects if you do not. Financial effects. You are about to invest massive amounts of your own valuable personal time in a business endeavor. Make sure ...

The Importance of Writing off Your Company Vehicle

It’s tax time, and that means it is also time to understand and add up all of your deductions. Maximizing your company vehicle write-off is so important, and it is in your best interest to understand why. There are quite a few rules and regulations of course, but some are better known than others. Keep the following issues in mind when you are considering the tax deductions for your company vehicle: Usage: This might sound a bit obvious, but a lot of people run into problems with this one. I...

Getting The Measure Of Your International Courier

Using international courier services used to be seen as a luxury for domestic customers and an unavoidable expense for many businesses. The same can also be said of international air travel. Just like the latter, the past 15 years has seen an incredible sea change in the way people regard both of these. Just as budget airlines have made overseas flights accessible to all, nowadays a wide range of international courier services are available at highly affordable prices. People are using courier s...

How to Find the Best Small Business Credit Card

Being in possession of a business card is considered a blessing by most small business owners. However, choosing the wrong card can be more of a curse than a blessing. High interest rates, hidden fees, and inflexibility can stifle your cash flow and cause unwelcome surprises. With so many available options, how can you find the best small business credit card? Credit Score If you are either the sole proprietor of your business, or if you have less than 20 employees, your personal credit sc...

Credit Card Merchants Allow You to Conveniently Accept Payment

You run your own business and you finally have a buyer. He hands you his credit card. Your stomach tightens as you realize you have no way to accept his payment. The sale is gone forever. No, it’s not a bad dream. It’s real life, but it doesn’t have to be that way. Portable credit card readers allow you to accept payment with your smartphone with just the slide of a card, and credit card software allows you take credit card orders on your personal computer. Some credit card merchants may cha...

Income Protection Insurance for the Self-Employed

Being self-employed has many benefits, but sick pay is unfortunately not one of them. If you work for yourself then getting ill is often simply not an option, because there will be no one left behind to run the business and earn you money. Unfortunately, even with all the best intentions your health is one thing you cannot control. Consequently, for those who are self-employed, it can be a wise decision to invest in an insurance policy that will keep money coming in if you do become ill or ha...

Should You Become a Financial Planner?

A financial planner is a well-trained individual who is paid to help regular people, companies, or other entities reach their overall financial goals. Depending on their clients' needs, financial planners can do anything from set up a college fund, plan retirement, invest in the market, or finance a new business venture. Financial planners can work for themselves, with a partner, in a small firm, or for a large company. Consumers are always in need of financial assistance and planning. The jo...

How to Save Money on Your Business Electricity Bills

A business owner might not realise it, but after paying for the salaries of employees and the rent on an office space, one of the biggest costs that remains is the electricity. Businesses use a vast amount of electricity to operate. They need to have lighting, computers, printers, servers, coffee machines, tea kettles, microwaves, refrigerators, fax machines, scanners and more. And for some businesses, a dry cleaning company for instance, or a bakery, then they have even more electricity cos...