Category Archives: Business

Priceless Possession – Unsecured Business Loans

Priceless Possession – Unsecured Business Loans

The basic and the prime requirement for starting a business of any kind is money. Putting it simply no matter how many other qualities that you may have without money it is just near impossible to start of or be able to run a successful business.

A possible solution to that problem from further developing into a major one that it currently is to take the help of the business loans. Business loans will help all the people who are involved in business whether they are running a small business or a business on the large scale or they are experienced businessmen or people who are just starting out.

A beneficial for a large portion of business population will be to take the unsecured business loans. Unsecured business loans are ideally suited to every businessman who wants to go ahead with his plans relating to the business.

Taking a look at the possible the reasons why a businessman may need business loans we see that they could be applied for the following:

•The business loans are mainly applied for starting a new business operation whether by a new or an experienced businessman.

•Business constantly needs improvement and an entrepreneur may need funds for that purpose.

•Many businessmen run their business on credit terms they need loan for working capital etc.

•Business always runs in an uncertain environment, so there may be occasions when a businessman may need loans to cater to those uncertainties.

There may also be other reasons depending on the business for anyone to take business loans.

An unsecured business loan is an option which through its features has the ability to solve all the possible business related issues. Features of unsecured business loans are:
•Unsecured business loans are available to everyone i.e. to owners, non owners and also to people with bad credit history.

•Unsecured loans are available for both short term and long term time periods.

•Business people have an option to take unsecured business loans both for a small amount as well as large amounts.

•Unsecured business loans are available at appropriate interest rates.

After understanding the features it is easy to understand that why it is always advisable to go in for unsecured business loans.

Business loans help a great deal to all the people in various ways, nowadays it is even better than the old days with greater variety of options. So it is advisable to go in for unsecured business loans than to see your business run in different directions or totally nipped in the bud due to lack of funds. A businessman can apply for loans through usual suspects of online clients and also through local lenders.

What To Look For In Business Credit Cards

What To Look For In Business Credit Cards

Everybody needs credit and it is no different for a business. When establishing a businesses credit the first step is usually to get a business credit card. Business credit cards often differ from credit cards for personal use. It is good to know the difference between personal and business credit cards, as well as what to look for in a business credit card. Your businesses credit is as important, if not more than your personal credit, so knowing as much as you can about it is essential.
Knowing the difference between business and personal credit is the first step to getting a business credit card. Most card offers you get will be based on your personal credit and just have your business name on them. What this means is your business name will just get added to your personal credit report and this card will report to your personal credit. You will not be building credit for your business. In order to figure out if the credit offers you are getting are like this or not is to see what credit agency they report to. The business credit agencies are: Dun & Bradstreet, Experian Business, Equifax Business, Business Credit USA. If they report to anyone else then it will be based on your personal credit. You should ask if they have a business card you can get. This will allow you to build your business credit.
Besides starting a business credit report a business credit card can help your business with other things. You will be able to keep business and personal finances separate. You can track your business purchases easily and have a nice detailed record of everything you buy or pay on your credit card in your monthly statements. The biggest benefit of all this will come at tax time when you do not have to sort through a mixed mess of personal and business paperwork.
Other things to look for in a business credit card are similar to what you would look for in a personal credit card. You should compare fees and interest rates. You should also consider how you will use it and any benefits offered by the credit card company. It is important to shop around and look for the card that will work best for your business.
A business credit card can be great for both you and your business. You can begin to build a credit history for your business and keep your finances organized. To get the most out of a business credit card you should always make sure it is reporting to the business credit agencies and is separate from your personal credit record. You should shop around for a card that has good fees and will suit your business. Looking for a business credit card is a lot like looking for any other credit card, but it is important to remember it is for business not personal use.

Business credit card

Business credit card

Is business credit card helpful?

‘Yes’ –is the answer that’s comes out almost immediately. That is true at least for most businesses (especially small businesses). Before we delve deeper into how business credit cards are helpful, let’s try and understand what a business credit card is.

Put simply, a business credit card is a credit card that is owned by a business and not an individual. To understand this better, you can simply draw an analogy between the business credit cards and business bank accounts, which are in the name of the business as well. Other than that, business credit cards work in pretty much the same fashion as the personal credit cards; with a few exceptions. These exceptions are in the form of flexibility in credit limit, low APRs and some other additional benefits that are available to business credit cards only.

Even from just that, business credit cards seem a good proposition. However, business credit cards would be attractive even without those benefits because the main benefit lies elsewhere. The big-big benefit from a business credit card is realised in terms of business expense accounting. For most small businesses, business expense accounting is a big overhead. With business credit cards, this is handled very easily – you just have to ensure that you make all your business expenses on your business credit card and let the personal expenses be on the personal credit card i.e. segregation of business and personal expenses is all you need to do. So the bill for your business credit card will have all the business expenses on it and you wouldn’t need to collate all the various bills or sort out the items from your personal credit card bill. The key here is to make sure that you use your business credit card for all your business expenses (or as much as you can). Moreover, a lot of business credit card suppliers realise this need of small business and even organise the business credit card bills in a way that meets the accounting requirements of these businesses. So mostly, they will appropriately group the expenses on the business credit card bill so as to facilitate business expense accounting. In fact, some of the business credit card suppliers go to an extent of providing the bills in a format that can be downloaded and exported to an accounting system i.e. you don’t need to enter the data manually in your accounting system. In case the format is not suitable for your accounting system, you can hire a software professional to write a small quick program to convert it into a suitable format.

Thus just one reason – ‘facilitation of business expense accounting’, is enough to support the case of small business credit cards.

Benefits of Using Business Development Adobe Documents

Benefits of Using Business Development Adobe Documents

Business development can be a daunting and challenging venture. Business development refers to the development of or growth of businesses. Most often, business development coaches are hired by individuals who would like to start a business. These individuals must often choose from unaccredited business development coaches, or less effective and inexpensive business development training packages due to a lack of funds as they start their business. One way that business development coaches can lower their fees for these individuals and make business development more accessible is by cutting their own costs of the business development training, such as documents and worksheets.

The best way to cut your costs as a business development coach is through business development adobe documents. There are many assessments, worksheets, and homework assignments that must be completed by the individual seeking business development training. Using business development adobe documents can save your business money on this document production. Then, the business development coach can pass those savings on to their newer clients.

There are many advantages to using business development adobe documents. First, you save money on document production. By using an inexpensive document server, you can share your business development adobe documents with your clients without the cost of printing or copying many worksheets, assessments, and homework assignments for each client. The business development adobe documents are placed on the document server by the business development coach. Then, the client can access these business development adobe documents by a given username and password, given upon payment. The client can print the business development adobe documents on their own, without the need for you to email the files individually, or the need to make copies for in house consulting.

One of the great advantages to using business development adobe documents is that the client will be aware of what is coming in their business development training by viewing the available business development adobe documents on the document server. This prepares the client for the next business development training session. By being prepared to discuss the topic, with the adobe documents completed and ready, the sessions can be shortened and more productive.

Another one of the advantages to using business development adobe documents over word processing documents is the ability to lock various portions of the document, while leaving other portions to be manipulated. In other words, the business development adobe documents can be created as forms that can be filled out, while the forms themselves cannot be changed. Also, you can easily create assessments as business development adobe documents, through the effective use of check boxes and radio buttons.

In a society where training most often happens over the internet rather than face to face, the use of business development adobe documents is a great way to maintain streamlined training with ease. With a document server, the business development adobe documents can be shared with clients to save time and money on document production. The up to date business development coach should seriously consider using business development adobe documents.

Business Credit Cards Essential for Home Based Businesses

Business Credit Cards Essential for Home Based Businesses

Those who run home-based businesses belong to one of the most dynamic segments of the working world. Technology has revolutionized the way people work and we are witnessing probably the largest sociological shift in generations. If you are a home-based business owner you are part of that revolution.

Working from home gives you two wonderful benefits: you don’t have to pay rent for office space, and you don’t have to commute (no rush, no traffic, less gas). But working from home also entails careful planning especially when it comes to funding the business. This is where business credit cards become very useful.

The most common reason why home-based businesses fail is the mismanagement of finances. Many of those who own home-based business are using their hard-earned savings, home equity loans or lines of credit, and personal credit cards, not business credit cards, as sources of their business funds.

Using your savings may be preferable, if you have reasonable assurance that your home-based business will earn income at a rate higher than the interest rate on your small business credit card. In home equity loans or lines of credit, you will have to pledge the equity of your home. And if your home-based business does not succeed, you could lose your home. On the other hand, unless you use business credit cards for your business, you run the risk of commingling your personal and business expenses, and that makes them harder to manage.

The importance of business credit cards, especially for home-based businesses, cannot be disregarded. Whether the business is home- or office-based, the business needs to keep business finances separate from the owner’s personal finances. Business credit cards give owners the freedom to do just that. You will really appreciate this business credit card benefit when tax season comes and you download your business credit cards transaction history, as well as your monthly and annual reports, from your business credit card company’s website: tax filing becomes a breeze. Keep your personal and business finances separate with your business credit card; it’ll be good for you in the long run.

When you are just starting out your home-based business, you’re likely to incur big purchases. Use a business credit card to pay for office equipment such as computers. You will get some purchase protection, and this is one business credit card benefit that is impossible to overstate.

There are a number of ways to apply for a business credit card. You may be confused about which one of the many business credit cards offers to choose: there are so many flying around. You may want to talk with a friend who is business savvy before making any decision on which business credit card to get.

There may be downsides to using business credit cards, but prudent usage gives you a really effective financial tool. Any business needs credit; and business credit cards help you to establish just that for your home-based business. The best thing to do, if you have doubts on whether you should get a business credit card or not, is to talk to a business consultant about it.

Putting Out with Business Credit Cards

Putting Out with Business Credit Cards

Business credit cards have become popular as a source of financing for small businesses. The banks that issue business credit cards and many industry observers have identified small business credit cards as a potential area for significant growth. The personal credit card market is saturated, and the corporate business credit card market, is relatively small.

The small business credit card market presents financial institutions with a really good business opportunity. Those banks that do offer small business credit cards noted that business owners are spending more and more every month and that they carry higher annual balances than the average personal credit card holder. This holds the promise of higher fees and interest revenue.

Generally, the business credit card carries credit limits that are double the amount of the average personal credit card. But where the personal credit card is almost pushed to the maximum on its credit limit, the business credit card’s outstanding balance is normally only about 75% of the credit limit. In spite of this, the risks on small business remain high. This is the reason why most business credit card issuers are very careful when processing and approving start-up businesses’ applications for business credit cards.

In one bank that issues business credit cards, about four fifths of their business credit card holders have been in business for at least three years. Although this particular bank places a strong focus on developing their small business customer base, they have come to realize that there are higher risks associated with extending credit to small businesses. If you think about it, when in a bind, it would only be natural for people to default on payments towards their business credit cards before they default on personal credit cards. No one would want to impact their personal credit rating, although they might be willing to suffer some negative points on their business credit.

For this reason, most business credit card issuers will require that the business and the owner of the business accept joint liability for debt repayment on the business’ credit cards. Although there may be some initial grumbling about the personal liability involved, most business owners end up agreeing to this term, because the resultant access to cash and the ability to separate personal and business finances, are of great value to them. Business owners also understand that securing a business credit card early on in the life of the business, helps it to build its credit track record; and that the sooner a track record is established, the sooner the business will be able to carry the business credit card’s liabilities on its own.

Small business credit cards are convenient for travel and entertainment expenses. That is to be expected. But besides these, small business owners use their business credit cards to stock supplies, to supplement their inventory of products, and to cover other daily expenses.

For a time, the interest rates on small business credit cards were much higher than personal cards, as banks relied on traditional risk calculation methods and the absence of competitive pressure. That is not the case anymore. Business credit cards offering zero percent interest rates and reward rich incentives are advertised widely. According to issuers, the uptake is high. After all, business owners mind their costs, and low interest rates and affordable fees will always be key selling points.

The Importance of a Small Business Credit Card

The Importance of a Small Business Credit Card

Small business plays a vital role in today’s economy. It is now easier than ever to establish a new business. According to the US Small Business Administration, small businesses pay over 45% of the US private payroll. Small businesses also employ over half of all private sector employees and provide 60-80 percent of new jobs over the past 10 years. With about 28.5 million small businesses in the US alone in 2005, virtually all financial institutions now offer small business loans to qualifiers for a percentage. So why apply for a small business credit card?

Keep Track of All Your Small Business Expenses

The first and most obvious reason for a small business credit card is to separate personal finances from business related purchases. With your small business credit card, you can make all your transactions by phone, internet or in person. Then get periodic statements detailing all of your business expenses.

Business credit cards are accepted virtually everywhere that you shop. Covering business purchases with employee’s personal money can get very messy. So instead of relying on cash, use a business credit card. Most credit card issuers offer a credit limit for employee cards as well as different methods to monitor how the card is used.

You no longer have to dread the year-end nightmare of trying to track where and when you spent your money. It’s like having all your book-keeping done automatically for you! In a digital world, why should your business have to collect every last printed receipt?

Establish Your Small Business

A credit card with your business name on it gives your business credibility. A business credit card looks a lot more professional than paying from your own wallet. It also gains the respect of financial institutions. Just by owning a business credit card, your business can build credit. So when you need that business loan, you will get the best interest rate and qualify for higher amounts. As your credit builds you might also qualify for a lower interest business credit card.

So even if your business doesn’t have a 6 figure budget, a business credit card could help your business grow. You never know when your business might suddenly need extra money. Office equipment might need immediate replacement. Without a business credit card, financing could drastically interfere with your daily routine.

Earn Rewards with a Business Credit Card

You can also save money and earn rewards. Certain business credit cards give you cash back on all your purchases. Other cards give you varying cash back percentages depending on where you shop…gas stations, grocery stores, office supply stores, etc. A cash back business credit card is a great way to increase your profit margin.

Other cards give you airline travel rewards just for using your credit card. . For instance, if your company has frequent business plane trips, then small business credit cards that offer travel miles, hotel accommodations or travel insurance are most suitable. This type of credit card could give you travel discounts, free flights, free companion travel or upgraded flight seating.

Not only does a small business credit card provide convenience and rewards, it also helps to build business credit for the future of your company as you watch it grow! Research the business credit cards available and find the card that best suits your business needs. Finance your business for today and tomorrow.

You Can Advertise Your Home Business Free

You Can Advertise Your Home Business Free

The idea of marketing a home business may scare some people, simply due to the high costs involved with home business advertising. However, there are plenty of ways to promote your home business without breaking the bank. Here are just a few:

1. Get Free Press

Any time your home business has some type of accomplishment or sponsors a contest or event, try to think in terms of newspaper articles, etc. Use any and every fitting opportunity to send an article to the local newspaper, mentioning your home business and home business related happenings. Make the home business article short and concise, and always include a picture, because this will draw more eyes toward your home business.

2. Make Use of Free Classified Ads

Many websites, even locally, offer free classified advertisements for your home business. Although this takes a little time and effort for the home business owner, it might be an effective way to advertise your home business, especially if your home business is conducted through the internet.

3. Link Up with A Similar Home Business

You may want to spend some time scouring the internet for a home business that is similar to yours. Obviously, you will not want a home business that is in competition with you, but rather, look for a home business that caters to the same type of customers as your home business does. Then, talk to the home business owner and see if he or she might be willing to place a link to your home business web site on his or her site. In addition, you will also put a link for their home business on your home business web site. In this way, each home business can help the other to gain more customers, without incurring any cost.

There are plenty of ways to advertise your home business without spending a penny. The best home business marketing tool you have is your mind. With creative strategies and ideas, any home business owner can garner a lot of attention to the home business without needing a lot of extra cash to do so.

Tips on Making your Way through the Murky Waters of Obtaining a Business License

Tips on Making your Way through the Murky Waters of Obtaining a Business License

While there are many duties and tasks to fill your hours and days when starting a business, one of the most important tasks that should be handled early on is to obtain a business license or business permit. Unfortunately, many people overlook this necessity and end up getting in legal trouble because they failed to do what was necessary to obtain a small business license.
If you aren’t familiar with the process of how to obtain a business license, we’ll provide you with a few tips below. First; however, let’s take a look at why it’s important to take care of handling your business license permit.
Business permits and business licenses are required by most city, county and state governments. Depending on your situation, you may also be required to obtain a business license or business permit by the Federal government. A local business license, issued by the county or municipal government is a general license that gives you the right to operate a business within the jurisdiction of that county or city. The fees are not usually expensive. This is what you’ll need to do in order to complete a business license application.
First, you’ll need to make sure that you have all of your business paperwork in order. Make sure that you have your Employer Identification Number, also known as EIN. Next, contact your county government or city hall office to find out exactly what kind of business license you need and to obtain a copy of the business permit application. After you have completed the application and filed it along with the appropriate fee, you’ll need to make sure that you stay on top of filing your business permit renewals. They do not automatically renew. This usually must be handled annually.
State business licenses and business permits are required for the operation of business that provide services or products that are regulated by State law. In addition, if your business is required to meet codes or standards, you will most likely be required to obtain a business license. Below are some tips on how to get a business license on the State level.
The process for obtaining a State business license is quite similar to obtaining a local business license. You will need to contact the appropriate office to determine what kind of license you need. Your local government may be able to help you with this. For example, if you are looking to obtain a California business license or business permit, you may need to contact the State of California. Beyond this, the process is exactly the same. File the appropriate paperwork and fee; then make sure you file your renewals each year.
One thing to keep in mind regarding business permit and business license is that they are different. While a business license allows you to legally operate a business within a jurisdiction; a business permit regulates safety and structure. For example, you may be required to obtain a business permit to purchase wholesale merchandise for resale, to remodel or build on a commercial site, to legally prepare food in a restaurant or to operate a business out of your home. Each of these situations requires a different type of business permit. Other than this, the procedure for applying for a business permit is almost exactly the same as applying for a business license.

Small Business Loans for Women

Small Business Loans for Women

The Small Business Administration states that business loans for women are on the rise, and will continue to be needed on an increasing basis in coming years. Business loans for women are more popular than ever due to a variety of factors.
1. Women are taking the initiative needed to become business owners and are opening new businesses.
According to the most recent data on businesses, available from the U.S. Department of Commerce, Bureau of the Census, there were 5.4 million women-owned businesses in the United States in 1997. The Bureau of the Census also stated that the number of women-owned firms grew almost three times as fast as all firms between 1992 and 1997. They have reported that the number of women-owned firms increased by 16 percent in this five-year period, compared to a six percent increase for United States firms in general. The 1997 Economic Census states that women-owned firms made up 26 percent of the nation’s 20.8 million nonfarm businesses, employed seven percent of the 103 million workers, and generated four percent of the $18.6 trillion in receipts. The National Foundation for Women Business Owners states that the current estimated growth rate in the number of women-owned firms is nearly twice that of all firms, and this increase is a trend that is expected to increase even more in coming years. The anticipated increase in women-owned firms, therefore, brings about a tremendous need for business loans for women.
2. The past decade has shown a boom in the home-based business arena.
The increase in home-based businesses popping up nationwide is due very much to the idea that many mothers are starting businesses in order to choose a work-at-home lifestyle to bring income into the home, and at the same time, raise their children at home rather than placing them in daycare. While these home-based business are operated in a nontraditional work environment, in perhaps a nontraditional style of operation, they are nonetheless the same as other businesses in the style of carrying inventory, making purchases for the business, marketing the business, and creating a web presence. Business loans for women are crucial for small businesses such as these. Many have proven to be just as successful or even more successful than traditional businesses and businesses owned by men.
3. Women often purchase existing businesses.
Nearly no explanation is needed to stress the need for business loans for women in this area. Purchasing a business requires money, most often obtained through business loans for women or through another type of loan. Because more and more women are leaving the work place and carefully weighing all factors of owning a business, purchasing an existing business is a wonderful option for those that don’t want the risk involved in actually starting a business. By purchasing an existing business, it allows the potential new owner the opportunity to carefully examine the existing business regarding many things, including its profitability, gross sales, and market position. A business that rates high in all three areas is a good business investment for a new potential business owner, especially a women with past business experience. Business loans for women can offer a new, potential business owner the opportunity needed to operate a successful business.
4. With more women in business for themselves, business loans for women are needed to offer women capital crucial for a business to succeed.
Regardless of whether the business is home-based or more traditional in nature, and whether it’s a start-up business or was a purchased, existing business, capital is needed for a business to succeed, and to start, business loans for women are of great assistance. Business loans for women offer women a way of starting a new business with capital. Business loans for women can also assist women in increasing sales for an existing business, as well as marketing the business or expanding a business.
5. Women tend to choose to operate businesses in the services or retail trade industries.
According to the U.S. Census Bureau, more than seven out of every 10 women-owned businesses and firms are operated in the services or retail trade industries. Considering the nature of these two types of businesses, one can easily see why the need for business loans for women is on the rise. In order for a woman to successfully operate a retail trade business, for example, inventory is needed. While drop shipping can sometimes be an option, especially for an at-home retail business operated through an online store, more realistically speaking, inventory needs to be purchased. Business loans for women offer women the option of purchasing inventory to be sold in a retail business. Likewise, a service-related business normally operates with the use of equipment, and is often specialized equipment for that specific type of business. The availability of business loans for women offers women the opportunity to purchase equipment and supplies needed to operate and succeed in running a service-related business.
Business loans for women are increasingly important for female business owners. However, careful consideration should be taken before securing a business loan to make sure that the loan is truly needed for the business to expand and succeed, and to make sure that the loan payments will easily fit into the business’ budget.