Browsing Tag
credit cards
14 posts
4 Things You Need to Know About Establishing Business Credit
Establishing a strong business credit profile is an important factor in how a business’ creditworthiness is evaluated when applying for a small business loan. Granted, different lenders have different thresholds for creditworthiness, but the business owner with a good credit profile will have more options available than a business owner with a weak profile. StartupNation...
4 Smart Ways Business Owners Maximize Credit Card Rewards
Credit cards can make it all too easy to rack up fees and interest rates when we don’t pay off our balances, but for many entrepreneurs, they are what keeps cash flowing into our business. And with so many business credit cards offering cash back, travel redemption and other rewards, using a credit card can...
Why Startups Need to Start Utilizing Prepaid Credit Cards
One of my favorite “secret sauce” approaches to running a business is buying and using prepaid credit cards at stores. Yes, they’re exactly the cards you’re thinking of, too — those card racks lined with American Express and Visa gift cards that can be purchased and loaded with varying cash increments. It might not look...
5 Reasons to Use a Business Credit Card
It’s a common mistake for business owners. When it comes to paying for business expenses, you still pull out your personal credit card. Don't sell your business short. A business credit card is a different animal designed specifically to meet startup's needs. It’s worth noting, you don’t need to run a multi-million dollar business to...
Steps to Finding the Right Point of Sale System for Your Startup
A Point of Sale system or “POS system” is of the utmost importance for the vast majority of businesses. In fact, most businesses wouldn't be able to operate and make a profit without a good POS system. More consumers are using credit cards than ever before and the expectation of purchasing with plastic has long...
How to Lower Your Startup’s Credit Card Processing Fees
Almost every business accepts credit cards and every business owner has complained about credit card processing fees and rates. As an entrepreneur, surely all you want to do is lower your credit card processing fees. But how do you successfully do so? You could spend endless phone calls, emails, statement comparisons and discussions trying to negotiate a...
Business Builder eBook Series: Finance Fundamentals [Free Download]
StartupNation’s Business Builder eBook Series provides you with a FREE downloadable guide to help you start, grow or manage your business. In this Finance Fundamentals eBook, you’ll learn key insights into raising and managing finances for small business. After developing the idea for your startup, now comes the difficult part: financing your project. Click here to download StartupNation's...
What You Need to Accept Credit Cards Checklist [Infographic]
Cash is still a popular medium of exchange, but it no longer enjoys the dominance it once did. In its place are more convenient payment options such as credit cards and debit cards. In fact, roughly 80 percent of U.S. consumers prefer using plastic instead of cash. So if you don’t already accept credit cards,...
Does Your Small Business Need to Become PCI Compliant?
If your small business accepts credit cards, the answer is simple: yes, your business needs to become PCI compliant. But what exactly is PCI, how does it relate to your business and why should your business become PCI compliant? Let's break it down. What is PCI? By definition, the Payment Card Industry Data Security Standard (PCI...
4 Realities of Bootstrapping a Business From Nothing
I started my business back in 2010 with absolutely no money. The first month I decided to try freelancing I made $5. Granted, back then, freelancing was still seen as something you did when you couldn’t find a job and blogging wasn’t really a trend yet. Regardless, I started a business from nothing and have...
Bad Credit? Business Credit Cards for Entrepreneurs
Business owners face credit dings or downright bad credit for various reasons. And when a less-than-stellar history follows you, the idea of restoring solid credit can seem daunting at first—but the steps to rebuilding credit are straightforward and might take less time to make a meaningful difference than you think. Meanwhile, you can still access...
Credit Card Debt Out of Control? Help May Be on the Way
As 2009 gets under way it’s painfully obvious that the economy is still struggling. Sales are continuing their downward trend, unemployment is rising, and many Americans are still having trouble paying their mortgage. After struggling through 2008, the average consumer is facing the New Year at a financial rock bottom. The best indicator of this...
Financing The Start Of Your 50+ Business
Even with the most disciplined cost control and effective collection of money your business can run short of cash. As a matter of fact, this is a fairly constant situation when you are growing your business. To provide the capital to launch and grow three businesses over the past twenty years, two of them after...
Extra Credit
Like my cell phone and briefcase, credit cards are such an integral part of my life that I forget what life was like before I had one. In speaking with some of my younger friends here in the University of Michigan Entrepreneurs club and elsewhere, I realize that a LOT of 18-20 year olds don't...