Tag Archives: crucial

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Small Business Credit Cards Offer Businesses Crucial Edge

So, you say you have got a small business and you are looking for a credit instrument that could tailor itself to your business requirements? Well, your search ends here. Small business credit cards fit right in, helping you separate business and personal expenses.

A study by the Tower Group reports that two out of three small businesses use a small business credit
card for purchasing and financing. So why are they so prevalent? Credit cards for small businesses offer business owners a crucial edge allowing them to expand or limit the growth of their business, as needed, providing the flexibility necessary to match their company’s growth needs.

Help with Your Cash Flow: The best use of borrowed finances is to assist with month to month cash flow. Small business credit cards help you get the much needed credit to help your business grow while providing a margin of safety for your cash flow needs.

Maintaining Independent Accounts: Mixing your personal and business transaction accounts could lead to poor money management and potential tax problems. With a small business credit card, you’ll be able to maintain separate accounts on your personal card.

Help Balancing Your Books: This one is thrown in for free. With your card company maintaining an ongoing transaction record, you will have a convenient record of all transaction items that can be reconciled at tax time. Simply have the credit card company provide you an itemized list of all purchases made using their credit card and you’ll have some built-in transparency on all of your spending activities and financial accounts.

Build Your Credit Limit: Small businesses looking to expand need capital. You card provides your business with an opportunity to build your credit limit with consistent use and repayment over time. Access to more capital offers financial muscle to help grow the business, providing larger income opportunities for the small business owner.

Pre-Set Employee Spending Limits: For businesses wanting to keep a tight watch over their finances, these cards usually offer preset spending limits for employees, providing an excellent check and balance system for all your company expenditures.

Take Advantage of Special Offers: The competitive market has forced credit card companies to throw in special discounts and rewards programs. By examining the travel and entertainment requirements of your company, you will be able to grab offers that can help reduce your expenses through the use of reward point systems.

If your existing business partners provide a small business credit card, it is probably a good idea to stick to them as you are more likely to get favorable rates and credit lines with an established credit line. Late payment and other such penalties will have to be borne by the company and not the employee. Therefore, give cards only to employees you absolutely trust and only provide credit limits that are in line with their expenditure requirements. Make sure the card you choose is widely accepted so that it helps meet everyone’s expense item needs.

Small business credit cards are quickly establishing themselves as an efficient way to increase capital and buying power for small businesses. While this calls for responsibility in its management, a small business credit card could go a long way in changing the face of your business for the better.

Robert Alan recommends that you visit CreditCardAssist.com for more information on how to use small business credit cards to take control of your business.

Small Businesses 4
small business
Image by Angela Radulescu
A look at how small businesses around the Morningside Heights area are dealing with the current economic hardship.

Liquor store on the corner of Broadway and La Salle St.

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– Unique Restaurant

– Antique Shop

– Blogging

– Web Designer

– Security Agency

– SEO Firm

– Consultancy Services

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– eBay Trader

– Event Management

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Small Business Strategy: Four Crucial Keys For Success

The cornerstone of your small business strategy is effective marketing.

If I was able to give you only a single tip it’d be this: concentrate at least as much on your marketing as you do on your “real” business.

If thriving in business is important to you, then there is no alternative but to take small business marketing very seriously indeed, and to educate yourself to become very, very good at it. Frankly, the level of marketing expertise I see from most small business owners is embarrassing.

The furthest most of them go is to have some fuzzy notion about the need for more business, and then to leave the rest to chance, hoping, wishing and even praying for punters to walk through the door or hit their website and buy something from them. But hope is an atrocious strategy for success.

But, as I say often: marketing is the most important thing you can do in your business. Because no marketing means no clients; no clients means no profit … and no money coming in means you rapidly have no business left!

In this artice I want to banish the myths about your marketing. You must understand these ARE myths if you want to make your marketing highly profitable.

Small business strategy idea # 1: Marketing makes money

Most small businesses work with a marketing budget. That’s mistake No. 1, and a very dangerous small business strategy. Yes, you read that correctly: I am saying you should be willing (and even eager) to put in an unlimited sum of money in your marketing.

Here’s why: marketing is designed to make money. If it doesn’t, you shouldn’t be doing it. So, if it makes money, then from that it follows for every pound you put in, you get more than a pound back, right?

That’s your return on investment. Most small business strategy is restricted by an unscientific “marketing budget”. But why? If you’re marketing properly, then you should be getting an expected positive ROI from everything you do. So … why would you limit your marketing according to some number a bean counter has pulled out of his butt? Bottom line: when your marketing is making money like this, and it’s measurable, trackable and predictable, be prepared to plough back as much as you have into it.

Small business strategy tip # 2: Print your own money!

OK, now let’s imagine you have this amazing marketing system and you know from experience there’s a 90 % probability every time you run it you’re going to make a handsome profit. A nice place to be, right?

Right. (it’s eminently practical for your business, too).

My question is this, and it refers back to the point earlier: given you have a system reliably and regularly pumping out more money than you’re putting into it, why on Earth would you want to limit your commitment to an unscientific budget? Undoubtedly, you wouldn’t.

Nope. If you had any sense at all you ‘d keep pushing that button like a rat with an electrode in its head pumping in the shots of “happy juice”

This is exactly what comes about when you have a legitimate small business strategy and a tried, tested, and proven marketing system.

Appears to good to be true, but I swear to you by all that’s good and holy, it is true.

Small business strategy idea # 3: Dip your toes in first

There is one thing to be wary of: never invest more than you can stand to lose. Once in a while — it happens — external events conspire to obliterate your campaign with no forewarning. That’s why you limit your liability per run of your campaign.

The safe thing to do is decide your evil “budget” as a fraction of profits, so the more you bring in, the more money you can plough back into your marketing.

I have had supposedly intelligent business owners tell me they couldn’t afford to re-run a productive marketing campaign that was making them money … because their “budget” was all out.

Chaos – a small business strategy destined to failure.

Small business strategy tip # 4: How to make it pay

So how do you know when your marketing is working?

When it’s making money.

How do you know that?

By relentlessly and consistently tracking and measuring everything you do.

And this is where the difficulties stem from for small businesses in their marketing: their marketing isn’t measurable. They copy the big-business marketing and waste their money on useless “image” ads which don’t bring in any business.

So the trick is to devise your small business strategy so you can tell where every sale you make came from. In this way, you know what’s working and what’s not working.

Jon McCulloch is Ireland’s leading direct response marketer. Visit his website now and take just three of his 52 FREE small business marketing ideas he’s giving away today, and actually put them to work in your business and you’ll be amazed by the results.

They’ve all produced substantially better results for small businesses like yours in the past two years.

Siquijor port of entry (free to download)
small business
Image by FotoGrazio
One of two small ports on the tiny Philippines Island of Siquijor taken from an approaching ferry. Siquijor is an island province of the Philippines located in the Central Visayas region. Its capital is the municipality also named Siquijor. Filipinos believe Siquijor is an island of witchcraft and superstition.

This photographic image and many others on my FLICKR page are FREE to DOWNLOAD under the Attributions-NonCommercial-NoDerivs copyright. My images can be used for personal use in both print and digital forms. You may crop, edit, change, manipulate, and composite all or parts of my imagery only for personal use. You may not use these images to generate income, profit, or for any personal, business, or non-profit financial gains. I do sign printed forms of my imagery. Email me for more information.

PAYPAL IT FORWARD – fotograzio@gmail.com. It is always nice to get something for nothing. It’s even better to give something back in return. I appreciate the generous thank you messages from everyone who has used my imagery in the past. If you feel it in your heart to help me through a small donation so that I may continue to provide new and creative imagery for free, please do so through PAYPAL – fotograzio@gmail.com. Whether it’s $.10 or .00 or more, your help will be most welcomed, much appreciated, and forever blessed. If you chose not to, then please pay it forward in some other way that you feel is good for your soul.

My earlier imagery will be made available for free downloading in the future as I re-post them without watermarks, frames and borders. If you need one for use now, email me and I’ll try to re-post it right away with the changes.

Thanks for following me, always, Wayne S. Grazio aka fotograzio

Check out more Donald Trump here: https://www.youtube.com/watch?v=jh4RmnTjfKw.

Small Business Advice – Donald Trump Dispenses 24 Great Business Tips For Entrepreneurs

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Choice of genuine loan lender is crucial in small business financing.

Everyone knows now that there are options for financing .They know the types also but what is they lack is the information required by them to apply for which type that may best suit their situations. Over the years many global organizations have worked to standardize and integrate their businesses. With the help of such integration the end users would be able to access any financial information from any desired location, enhancing the organizations’ decision-making processes.

Internet is playing very crucial role in making people aware of different aspects of finance and loans. One can browse and locate members of these private sector associations who provide debt and financing to businesses. While exploring one can get to see many finance providing company’s websites that deals with this but one should be particularly diligent in researching loan lenders and only use reputable companies and trusted advisors.

Loan lenders are the one who decide whether to provide your business with financing based on an assessment of the risks and potential reward in doing business with you. The way assessment of the risk and reward of providing you with financing depends on their business model and the type of financing that they offer.

Some companies deal in a line of credit or operating loan. This is usually attached to your main chequing account and can be used to pay operational expenses, when there is not enough money in the business bank account. This type of financing is ideal when there are ebbs and flows in a business’ cash flow or one is looking for small business financing. It can allow you to continue operating normally, when you are waiting on payment from clients or during a temporary slowdown in revenues.

Line of credit can be of secured credit and of unsecured credit form. There are also some which deals in both. Entrepreneurs may also be able to secure their line of credit with personal assets. For example, many banks now allow individuals to have a home owner’s line of credit related to the equity in their home and this line of credit can sometimes be split into personal and business categories.

Choosing from them needs an analysis on company’s profile, their processing time, their credit terms, their interest rates and yes along with this one also has to assess their own funding requirements too. As sometimes to get financing, you need to demonstrate that you can pay back the money and that your venture will be profitable.

One has to be clear on the following points such as:
Is your business a start up one?
Are you developing a new product?
If you are taking to expansion of your business to new locations
If You are approaching new markets
whether you are purchasing new equipment
Since unsecured business credit line is relatively easier to procure as they do not usually require collateral, they have played an important role in the business development of smaller business houses. With the growth in credit sector there are many financial institutions working to help business owners with such credit lines. They also give a money back guarantee if they could not process the loan of min limit within specified time.

Macro business capital provides the business owners a perfect financial solution for small business financing with which they can fulfill all their business oriented financial needs with an unsecured business credit line. For more information visit at https://www.macrobusinesscapital.com/

Rio Dulce GCA – Rio Dulce Canyon
small business
Image by Daniel Mennerich
Río Dulce ("Sweet River") is a river in Guatemala, completely contained within the department of Izabal. It is part of a lake and river system that has become a popular cruising sailboat destination.

The river begins at the point where it flows out of Lake Izabal. At the entrance to the river there is a small Spanish colonial fort, the Castillo de San Felipe de Lara, built to stop pirates entering the lake from the Caribbean when this part of Central America was an important shipping staging point.

Just after the river flows from Lake Izabal it is spanned by one of the biggest bridges in Central America. On one side of the bridge is the town of Fronteras, commonly referred to by the name Río Dulce, the local center of commerce for the area. Fronteras has a local vegetable market, attracting locals from the countryside who arrive in dugout canoes. Most of these boats are powered with Japanese outboard motors but many come to market day paddling these cayucos by hand. On the other side is the town of Rellenos.

From Fronteras the river flows east for a couple of miles. In this stretch there are several marinas and resorts. The river then flows into a long narrow lake called El Golfete. This lake has an island and a large natural anchorage. A few houses and a couple of small businesses line the shore. El Golfete is about 16 km long and a couple of miles wide.

From El Golfete the river meanders for 10 km in a spectacular gorge. The sides of the gorge rise up to 91 m on either side and are covered with teak, mahogany and palms. Wild flowers bloom throughout the foliage and howler monkeys and toucans can be seen. Waterfalls flow over the lip of the gorge after rainfall.

The river enters the Caribbean Sea near the Garifuna town of Livingston.

A great Seminar on how to get a business going without having to spend a lot of money. Justis talks about how its possible to use what he calls the three “S’s” to create successful small businesses that do what you want them to do…in other words make you money and give you freedom rather than taking money and time away from you.

This 38 minute program is a great primer on how to start any business and make it a success.

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