Top Business Credit Card Tips: Benefit from Small Business Credit Cards

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They say "if you give a person the power to feed you, you give them the power to starve you."

No wants to be called cheap or poor, but there is a difference. You see when you're poor you have limited resources and you have not been shown how to increase those resources. Now being cheap is when you have access to many resources but refuse to use them to your advantage,

A business man walks in to a starving village and notices kids tossing these huge pieces of glass. The man picks up one of the pieces of glass and dust it off and realize this wasn't just glass but it was a diamond. He asked the village was there more and the kids showed him a big pile of them.

The man knew the value of the glass rocks and quickly realizes the starving village was not aware of what they had so he offers them some food and a religious book for all the glass rocks. Knowing they would soon need more food. he made a deal with them, if they kept giving him the glass rocks he will keep feeding them and they agreed.

One day the village ran out of the glass rocks and that was the last time the man visited. All the village had to offer was religious books that they could not read. The whole village starved to death.

No one in the village ever asked the kind man what was so valuable about the glass rock nor did they ask how could they use it to buy their own food.

You see that village is your community. The nice kind business man is using his knowledge to feed and starve your village. That's why I try to get you to get the knowledge, so you can feed your own village. So you could mine your own resources and make a positive economic impact on your community.

When it comes to keeping up with transaction for your business, lets face it, it can turn into a nightmare. Having to record every dime that’s spent on the business, whether that’s buy gas for your vehicle or even buying thumbtacks. It’s just becomes to meticulous to keep up with on through the day to day operations.

That’s why when starting a business, you should build the business credit first so you’ll have access to small business credit cards that track these transactions.

I’ve been in business a long time and the thing that saved my ass is that I used my business credit cards that did all the recording of transactions for me. The worst thing you ever want to happen to you as a small business owner is having the IRS Audit your business and you must now scramble around looking for business receipts. Been there done that, no thank you.

That’s just one wonderful way small business credit cards can save you and your business. You can max out a small business credit card and it will not affect your personal credit score. That’s a great perk, but you much be in the right business structure in which I talk about in this blog post here,

Other ways to take advantage of small business credit cards is using them to help make payroll or pay business expenses when sales are slow. When your business needs runs out of supplies and you need it right away, that small business credit card could save your business. Also if you’re a traveling business you’ll spend a lot in gas and if the business is slow that card could be a great way to help keep thing going till sales start rolling in.

As we explore using small business cards to purchase gas and other office supplies, you could be earning rewards with the right business cards. Which could be saying the business on supplies or other products.

The minimum APR for new purchases tends to be slightly lower for business cards than for personal cards.

There are a lot of other advantages too which use to small business credit cards. Some of them are comparable to what you have for personal credit cards, the ones for little service credit cards normally have something additional with them. These benefits include: cash back alternative, discount rates on specific product, free travel insurance coverage, free luggage defense, discounts on hotels and rental cars and trucks and much more. Once again, given that these vary from company to business, you may too look for these when selecting a small business credit card for your company.

If you looking to start a new business or apply for a small business credit card I would encourage you to check out this great business credit program here.

Remember your starting a business to be a business owner not to become another full-time employee.

2017-11-07

Are You Cheap or Are You Poor? Houstonmcmiller.com

2017-10-10

How to Benefit from Small Business Credit Cards

Business Credit

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