Business Credit Cards: What You Should Know on Their Possible Disadvantages
Having the assistance of a credit card as you are starting on a new business venture may not be absolutely necessary, but it can surely help you a lot. It does not only give you a source for funds, but it also adds organization to your cash flow and in tracking expenses. Aside from this, most business credit cards offer many perks that can be of great benefit to your business.
But as tempting as these company credit cards may sound, remember that the common error of a lot of business owners is that they do not consider the disadvantages that these credit cards may include. Many have made huge mistakes in running their finances with such business credits that have often led to personal-liability. This is why you need to know about the disadvantages and learn what you can do to either handle or prevent them from ruining your business.
What are the Drawbacks of Business Credit Cards?
What a lot of small business owners do not realize is that when they are only initially starting out on a business and have not yet established a business credit score, their professional and personal finances can be blended. This is because most credit cards require a personal liability agreement from the business owner at least for the first few years when company is just starting out.
Therefore, the business owner can be held liable for any problems with the companys credit account. For example, if your company fails to make payments on time then this could significantly dent your personal credit score despite the fact that this is not a personal transaction.
Other possible disadvantages that business credits may have include the large possibility for employees to abuse the use of company credits by charging personal purchases. Aside from this, fewer protections may come with it as compared to a personal credit card because the intended use of these credits are for company purposes and not personal. Higher interest rates are also usually charged by business credit cards as compared to personal credit cards.
What You Can Do To Control Mismanagement of Business Credits?
Despite the possible disadvantages that credit cards may bring, remember that these things can only happen if there is a mismanagement of your credit account. What you can do is set certain precautions so as to avoid such drawbacks from happening. Remember to register your company with a business credit bureau as they can help you establish a business credit score, which will later on help you forgo with the personal-liability agreement.
Also remember to manage your companys financial transactions well. Build a favorable credit history by making the right payments and avoid making huge debts that your business cannot afford. More importantly, when youre only starting out, remember that it cannot be avoided for you to be personally liable to debts therefore learn to use credits wisely. It would also be helpful to take extra precautions by placing minimal credit limits for employees and reporting abuse of your companys credit account.
Remember that business credit cards can help your company a lot, but they are not flawless and therefore one has to be smart in using them. Remember to take the extra precautions and always be careful with your finances.
Through this, when you avail a credit card for your company, you can make it work for you and allow it to become a partner in making your business grow instead of giving you liabilities.
Search engine optimization (SEO) can be a complicated process, especially if you are not very familiar, or well-versed, with the method. A lot of SEO beginners, and even some professionals, continue to commit the same mistakes when they do try to use SEO, thereby making it harder for them to get the results that they desire for their sites page ranking.
Fortunately for you, by simply determining what mistakes they make and avoiding them, you can actually fair off better than those people who commit them, even if you are an SEO beginner. If you are already well-versed with the SEO process, then learning these mistakes wont hurt your chances either, but rather, help improve them.
Wrong or irrelevant keywords
A lot of people try to use popular or common keywords in order to get people to their sites, regardless if the keywords that they use have any relevance to their site or not. You may be able to generate traffic using this type of method, but since you are not offering relevant content based on your keyword, people visiting your site will just end up leaving simply because you are not offering any content that they are looking for. You are actually getting traffic of market that isnt even interested in your site or its content, so you just end up with nothing.
Avoid doing this method, instead try to focus on using genuine relevant keywords, so you can direct traffic of possible clients to your site, and not just useless web traffic.
Overuse of keywords
Another mistake that people do when they try to optimize their site is by over-using keywords, or using them repeatedly in the title, tags and body. They believe that by overloading their sites content with their chosen keywords, they will be able to trick search engines, and improve their sites page ranking in the process.
Unfortunately, this is not necessarily the case. Search engines will be able to detect if you are committing the over-use of keywords, or spamming, and if so, your site will pay the ultimate price by getting itself banned from the search engines index.
Good or relevant content missing
You may believe that even if you do not offer any good or relevant content in your site that your site itself is still good enough to get and keep the traffic that you are able to produce, but this, however, is not the case, as good and relevant content is what will get people, or your possible clients, to stay to your site.
People are driven to go to your site with the keywords that you have chosen, but it is your sites content that they will be looking for, so make sure that whatever keywords you have chosen to use, those keywords will direct them to relevant web content in your site. Do take the time to write good and relevant content in order to ensure that your site would continue to do well against others offering the same thing. Remember that the only way that you can get your site to stand out against other sites would be your sites content.
Wrong HTML codes = HTML errors
If your site commits a lot of HTML errors when people try to access it, even if it has very good and relevant content, chances are people will visit your site a whole lot less. So before you submit your site to search engine directories, you need to check and double-check your HTML codes to avoid any problems with your site, such as slow loading time, browser conflicts, and low page ranking.
Too much graphics
Bear in mind that search engines detect texts when indexing, analyzing and checking sites, and are not programmed to look for graphics, so creating a graphics-rich site will not give it an edge over other sites in terms of SEO, but can actually have the opposite effect. Since search engines are not programmed to look for graphics, they may bypass your site, giving it a lower page ranking.
Learn to avoid these SEO mistakes, and you should be able to do a whole lot better than others.
To be able to avail of many financing offers by many lenders, having a good credit score is a must. If you have one handy, this will allow you to get a decent amount with reduced interest rates, with flexible payment terms. But building your business credit score is no easy feat to accomplish.
If you just have started earning your business credit when you set up your business venture, then its quite easy to get a good rating within 1 to 2 years of its operation.
This is not the case, however, when you have a bad credit rating. You either have to repair your business credit on your own, or hire a credit repair professional to get the job done. Only when you fixed your score can you start to build it up.
But before you can actually start building business credit scores, you need to have a credit identity first. This can be done by putting up your business as a corporation or an LLC. These two are perfect statuses to start your business credit. Since most financial lenders are eyeing clients in corporation or LLC, having your business as one will allow you to get a loan faster than any business enterprise.
You also need to set up a credit record with a credit agency, or Paydex. Credit agencies will keep track of your credit transactions, rate them and give them scores. This will be used to determine how good your credit rating is when a financial institution does a credit check.
Paydex scores by big companies like Dun and Bradstreet will keep records on how well your company is paying your credit bills. The score ranges from 0 to 100 the higher the score, the bigger the possibility your loan will get approved.
Now that you have established your credit identity, you need to apply for a loan before you can actually start building your business credit scores. First, you can choose either a secured loan, where the lender will ask you to pledge assets or properties as collateral that will serve as security for the loan. Note that this kind of loan will let you borrow a much larger amount (depending on your collateral), and a much reduced interest rate.
Another type of loan is the unsecured loan, which is perfect for those who dont want to put their assets at risk by setting it up as collateral. Since the risk to the lender is higher compared to unsecured loans, the financial institution might be very strict with its application, coupled with a higher interest rate and payment schemes.
Next is the type of credit you want to be used in your business venture. Below are the most common credits you can bring out in any lender in your area:
1. Business credit card
Quite separate from a personal credit card, this type of credit is more lucrative to be used in business ventures due to its reduced APR, and flexible interest rates (depending on the amount used within the month).
2. Short/Long Term Loans
These kinds of loans allow you to borrow a fixed amount of money from the lender to be used in any way you wish. Attached with fixed interests with payment terms ranging from 5 to 10 years depending on the amount borrowed.
3. Lines of Credit (LOC)
Lines of credits are more for business who are into operation 2 years or more. Credit lines will let you have a fix amount of credit on the bank, which can be used to pay for unexpected expenses that crop up during the operation of your business. The interest expense will depend on the principal amount you have left, and will reduce as you pay your debt until it reaches zero.
Even though SEOs have been considered as very cost-effective and useful tools for online marketing, it is important that you understand the risks and potential drawbacks. You can help your business run more efficiently by staying prepared for the possible consequences. You can also determine which approaches will work best for your target customers, thereby giving them quality service and unique content each time. Here are some proven tips.
The Risk Level
You first have to determine your current risk level to know what more you can do to protect your business completely. First of all, you have to gauge your level of expertise and experience in using SEOs. The more experience you have, the less problems you may encounter since you may already have gone through and solved a number of common pitfalls and problems. Consider the types of SEOs that you have used in the past, then check which ones can still work for your current industry.
Black Versus White
Black hat SEO users are putting themselves at risk for losing credibility and even getting penalized or banned. Some web sites and webmasters have been banned by search engines because of the abuse or misuse of certain techniques. There are plenty of black hatters who still believe that overstuffing keywords and using irrelevant content that boosts visibility can work for them in the long term. You are only waiting for search engine crawlers to find the site and render it useless.
White hat SEOs are very ideal since these promise you long term visibility and a good reputation. Your target customers can better relate to you if you follow the guidelines and rules given by search engines to boost rankings. It will take some time before you score high on search results pages, but the wait and experience will be worth the wait.
Some of the Common Risks
Reward is not proportionate to the workload given. A single click may be enough for some web sites to instantly land on the first page of search engine results. The hard work of other webmasters who practice ethical methods can be trampled by unapproved techniques like spamming, content aggregating, scraping and plagiarism. Manipulating an algorithm may temporarily catapult your site into the front page, but you can face greater consequences once your actions are discovered.
Boosting Your Experience
Although several black hat approaches can offer you visibility instantly, the results are only temporary. People cannot refer to you or your company as reliable if you resort to unapproved techniques in trying to get their attention. You can boost your reputation and experience by following the right guidelines and patiently waiting for the right traffic to start flowing into your web site. Over time, you will find that your client base expands continually as long as you maintain good content and quality service.
Try to write good and informative articles yourself. Visit online discussion boards and listen to what other online experts have to say. Check out other ethical methods used by top web sites and learn over time how you can also become a master in your chosen industry. You can start learning more about keywords and meta tags to improve your visibility. Review how search engine crawlers work and what items and elements are needed in your site to make it easier for them to find you.
It is very important to build up your business credit scores to be able to avail of financial loans to fund your small business. In truth, small enterprises are now clamoring about for loans to improve their business by using the money for improvements, or purchasing inventory to meet consumer demands.
Building up your business credit takes a lot time and effort, and requires a paper works by the dozen. Here are some tips on how to get started in giving your business credit rating a healthy boost:
Set a business identity first
The first step in improving your business credit is to get one in the first place. This can be done by registering your business as an LLC or a corporation. Next you need to provide all the necessary paper works required by lenders such as legal document like business permits and licenses, financial statements, references, contracts, and so on.
You need to keep in mind that when you register your business as an independent entity, you need to have a fixed address of your business, as well as open lines of communication. (Note that P.O. Box is not acceptable as a business address)
You might also need to register your business in a credit agency so they can keep tabs on your credit ratings and scores. These organizations will act as reference when you apply for a financial loan that requires a valid credit report.
Building up your credit status will depend on the financial stability of your business as based on the financial documents during its operation. Also, prompt payments are a major issue when it comes to raising your credit status. Fail to pay on the date agreed; you get a negative score on your credit score if that happens.
You might also need to keep monitor credit card reports when they are delivered to you. Try to check for transactions that you did, or did not, make. If you spot an error, report it immediately to the corresponding agency. This will result to a higher credit rating.
Get a loan
Before you can actually improve your credit scores, you need to have a credit to work with. Many small businesses are now opting for business credit cards to improve their ratings. One reason for this is that these plastics have reduced interest rates and APR, which is quite useful for making prompt and affordable payments.
Also, since business credit cards have no principal amounts attached to them, you can easily control the interest expense you make every month. You can do some budget planning to minimize expenses and maximizing profit, without worrying about interests piling up.
Another way to improve your credit status is through credit lines. Many financial institutions, like banks, are now offering short-term lines of credits (LOC) for small businesses, with easy payment terms.
Since interest expense on LOC is dependent on the principal amount, you can easily reduce it by paying the original debt until you reach zero. With this term in mind, you can easily make prompt payments according to the agreement between you and the lender.
The gist to build up your business credit is to make prompt payments on your debts. Whether you have multiple loans or tons of credit cards at your disposal, you need to make sure that you pay each one on its designated date. If done right, you are well on your way to improve your credit scores, which in turn, will improve the financial future of your business.
In todays modern times, things are becoming more and more interactive especially with the introduction of the internet. There are many online applications that make things much easier for most individuals. Twitter is really becoming extremely popular among young and old people. Millions of people are now addicted to Twitter and they spend a lot of time in twittering. Newbies may not know how to use Twitter effectively but in no time at all, you will learn about tweeting.
Twittering is a mixture of blogging and texting. The tweets are only made up of 140 characters which is too short but it can tell a lot of things. Twitter is a widely known web application which is partly a micro-blogging and social networking service. Twitter users can send and at the same time read updates of other members. The updates can be received through twitter, RSS, SMS, Tweetie, Twitter Mobile, Twitterrific, Twinkle, Facebook, Feedalizr, and Twidget. This year, there are already about six million users of Twitter all over the world.
You can receive the tweets in many ways and not just when youre online. You must be aware that there are some users who spam; its not a good idea so if youre new in Twitter, dont spam because you will surely be hated by others. Its not a good idea to give insults through the tweets and it is unethical. Try to limit your updates to three tweets per hour.
Tweeting is fun and its no wonder that millions of people are now using the social site. Did you know that you can also use Twitter through your mobile phone and email? Aside from that, you can do a lot of things with Twitter. You can sell your business online; you can communicate with your friends; court a beautiful girl, networking, and many other things.
Using Twitter is not difficult. New users can easily learn the basics of micro blogging. Youre free to choose a topic for your tweets. You can talk about anything. If you try to search through Twitter, you will notice that many users are talking about various subject matters. If you try to stay online for a couple of hours, you can learn a lot of things by having conversations with other members.
You can say everything you want to say with only 140 characters. Well, thats the beauty of Twitter. You just cant say enough and so you keep on twittering. You can also maintain a close group so that you can easily communicate with each other. A good thing about Twitter is that you can choose the ones who will receive your tweets. You can also keep some of your items on Twitter private while some other items can be made public which means that other people who know your ID can view them.
When signing up, it would be best to use your real name. Depending on your settings, you can protect all your updates from unauthorized people. Although there are users who dont protect their updates; still, it is up to you to adjust the settings.
You can also stop Twitter for some time especially if youre receiving lots of tweets. After some time, you can turn it on again. Go to your settings page and set a time for receiving tweets on your IM or mobile device. Happy tweeting to all.
Planning and putting up an owned business is hard. It is a dream of millions of people around the globe. There are a lot of people who set up their own businesses but never quite get around to it. This can be due to one of the factors that can discourage these people from launching their own venture off the ground, which is the lack of capital. There are also others that fear the risk of losing their own money.
However, with careful planning, thought and effort, it is possible to raise some capital that can help to get the business started and it can be done through building a business credit. For short, you need to borrow against the business rather then from personal assets.
Carefully Produce a Business Plan and Structure
Setting up a business through business credit takes you in the world completely different from consumer credit. This only states that you are striving to project yourself in a business point of view. You must be able to prepare yourself for the transition it entails to ensure successful venture; from being an employee to being a business man. The more you think in the business point of view, the better it is for the business and allows growth in the future.
Maybe the hardest step in building a business credit is to convince the potential lenders that you are trying to achieve and set up a viable venture. The quality of your business plan and preparation is important. In order to set up a proper business structure, you must make sure that the prerequisites, i.e. licenses, documentations, are in place. You can use the business plan to show your lenders that you have placed a deep thought about the several elements in a business: the competition, pricing, products and the markets. If you are not sure about the business plan, you can always hire an advisor but it is critical to prepare yourself for the defense of your sales projections and the estimated costs of the start up and running.
Be an Excellent Credit Customer
There are materials that you will need before the business can become a reality and these are: the services, equipments, stocks and several other materials necessary for the business. Be on the lookout for vendors who are willing to grant you a credit though it may best to choose those companies that will be able to report your credit history to major business credit reporting agencies. Good scores in business credit are reserved for other large and stable business, but with careful and diligent business and credit practices, you can also achieve a good credit rating.
Get Hold of the Assessment for Your Credit
Preparing and doing a credit assessment is necessary before entering the business credit market. The credit assessment would determine if you are able to comply with the lender and the credit bureaus requirements. After achieving that, keep your eyes peeled for businesses that can issue credit without the need for an established business or personal credit checks or guarantees. Once you are able to transact the business with credit vendors, you will be able to use those references in order to build your credit profile with the agencies for credit report.
You can also take advantage of those retired or semi-retired businessmen. These people sometimes volunteer to help start up a business. You can build your knowledge as you start the journey to a successful business with a good standing in credit.
You can also utilize the advice they can give about pitfalls and disadvantages of starting a business to help you better prepare for the future.
You have a business. And you have a web site for that business. But you are lacking the desired traffic. You want to get the word out about your site. For this reason, you choose to write articles that are intended for marketing. Your problem now lies on how to syndicate those articles?
Step by Step
There are many ways that you can go about in syndicating your articles. Here are only some that you can consider as your basic guide especially if you are new to the concept.
1. Good content
You have to tap on to your target market in the very vast cyber world. And how are you going to do this? By providing what they are looking for. For example, you are selling mattresses and you want to capture people in the medical industry. Your articles can go like tips to finding a good mattress after an endless shift, or how about the medical benefits of a good mattress for someone in the medical field.
Those were just samples and at top of the head thoughts. The idea here is to know who you want to listen to you and make sure that they will really do.
2. Usually, the articles are short, from 500 to 2000 words depending on the requirement of the article submission site. The way to do is to establish yourself as an expert in the field of interest where you will be able to tap the kind of market who will be interested in buying the products that you are offering.
The articles should not be directly promoting your products. You may get banned from the article submission sites if you do so. There is an allotted space for you to advertise your web site and that can be found on the author’s bio. You can link that to your web site so the people who will be interested with you and what you have to offer would know where to go.
3. Decide on the article submission site
Use the vast resource available on the web to know what these good sites are. Stay away from the spammy type. You wouldn’t want to be associated with such. Track down which sites rank higher and which of them cater to the people whom you are targeting. Enlist on those sites and start submitting good articles.
4. You can also syndicate your articles to offline mediums such as newspapers or magazines. You will be able to tap onto a larger field this way. And you can also direct those people to your web site address.
This means Really Simple Syndication. This will distribute your articles widely suing an automatic process. Not only will you able to reach a broader audience, you will gain important backlinks to your web site.
At this day and age, syndicating your articles is easier. You just have to settle on how you will go about it. This will help you a lot in promoting your business because you will be able to get noticed by more people.
Now that you know some of the steps on how to syndicate your articles, you can start on pounding your brain and the keyboard to create articles that will really be helpful in helping you achieve your goals.
People have different reasons for joining Twitter. Whether you want to generate more traffic to your site or you want to increase your social relationships, Twitting is a fun and exciting activity that you can use to achieve your goals.
In this article, you can find helpful tools and tips that you can use when tweeting. You can use these things especially if youre a beginner or an experienced tweeter.
When creating an account in Twitter, you should consider your reason for using the network. For example, if you want to increase the traffic to your site and at the same time make new friends, you need to create two accounts. You will be asked to create your own ID. When creating the ID, you should use the appropriate ID that is related to the tweets that youre going to send out. By doing so, other people can associate your ID with the tweets.
Twitter keeps people connected at all times. Some individuals send tweets regularly each day. If you cant send the tweets on the exact time because you have other commitments, you can use the Tweet Later. It is a tool that advises other users that you cant post at the moment or you can use to automatically post your pre-scheduled tweets. You should also ensure that you dont auto spam others.
Since the tweets are only 140 characters, you should be extra patient in answering the ones addressed to you. This is one way to develop good conversations. You may get confused at first but as you use the Twitter often, you can go with the flow.
Sharing pictures is also possible with Twitter. When you make new friends, share some of your interesting pictures so that others can get to know you better. You can use the tool Twitpic. You can upload your pictures once youve created your account. The tool is also compatible with mobile devices which make it easier to share pictures from your mobile device.
Create blogs and share them with others. Choose informative topics and create awareness through microblogging. Besides, thats what Twitter is all about microblogging. Use AddTweets and other widgets.
Dont depend on Twitter to act as your personal vault. Sometimes, Twitter encounters certain technical problems which can lead to possible data loss. Like other social network websites, Twitter cant give 100% guarantee that all your pictures, business lists, and videos are safe. Make sure that you have your own storage backup.
When having personal conversations, it would be best to do it someplace else. The tweets are sent to all your friends so if youre having personal conversation, others may choose not to follow you. When others un-follow you, it can diminish your presence in Twitter.
Use Twittervision and see what the whole world is doing. This is an excellent tool to stay well-informed at all times. Twhirl is one of the desktop clients that you can use to efficiently use Twitter. It is suitable to Mac OSX and Windows (XP/ Vista). It is also available in different languages such as German, Italian, English, and Spanish. Whenever you receive new tweets, you will be notified immediately and offers timeline features.
So, have you tried using these tools and tips? Start using them now so that you can use Twitter with ease. Make new friends or promote your site through Twitter and have fun.
Business credit cards are the trend in many small business enterprises worldwide. You can easily apply online for a low interest business credit card at the convenience of your own home or business, without resorting to visiting different financial institutions on foot.
Many small enterprises are now using a business credit card to be used in their venture. Considering the reduced APR and possibly zero annual fee on these cards, you can make a lot of purchases without worrying about additional expenses. This is quite handy if you are planning to cut down on business related expenditures and improving profit.
Since the risks of business are much higher compared to personal ones, business credit cards may have a higher interest rate as compared to the latter. Even with such interest expense, many are still opting for its use considering the practicality of use and benefits they can get from it.
Applying for a low interest business credit card might sound easy at first, but it may be a daunting task if its your first time. You need to do research on different online financial companies that offer these cards, and find out which ones have the lowest interest rate attached to it, as well as other charges.
When you are searching for a zero APR business credit card, you might try searching for those with the lowest balance transfer fees, lowest ongoing fees, additional charges, penalties, and a low interest rate as well.
Another way of searching for business credit cards online is to look for special offers that come with the service, such as waived interest fees for a certain period of time. This will come in handy if you are planning to start your business using a credit card as capital. You can purchase stocks to meet consumer demands, office supplies and equipments, and so on; without the interest expense for a few months.
Some business credit cards have flyer miles as one of its incentives. If you plan to go somewhere for a vacation or for business-related events, you can use the flyer miles that youve accumulated using the points you get from your business credit card.
Other financial institutions also offers cash returns based on the percentage of the purchases made using the credit card. This is practically one of the best offers you should look out for when you apply online.
When you apply online for a business credit card, it is a sound advice to not limit yourself with one or two financial companies. You have to make sure that you get the best deals, as well as the incentives and benefits attached with one.
Next, you have to make sure that you have a good status on your business credit rating so your application can be approved in a shorter amount of time (and being qualified for one).
You need to get your business and financial documents at the ready, since the company might require you to fax it to them to process your application. These documents involve business permits and licenses as proof of the validity of your enterprise.
Others might ask you to submit financial statements of your venture like income statements, balance sheets, tax documents, and so on; make sure you have these ready, just in case.