Monthly Archives: August 2017

Business Game Credit Card

Small business owners and would-be entrepreneurs are not as well connected to sources of high finance with which to bankroll their projects. Business credit cards can be their door to that opportunity or, at the very least, a much appreciated lifesaver for existing businesses from time to time. It is not unrealistic for the small business owner to anticipate that a cash flow crisis could occur at anytime. Perhaps for this reason, business credit cards are seeing wider use as a source of financing, with some of the business credit card holders learning the game of how to make things really work to their advantage.

For instance, small business owners who keep their business credit cards on file with their regular vendors can help eliminate COD charges, receive expedited delivery services, and get the chance to stretch their cash flow by a few extra yards. Your business can conserve cash for a little while longer by charging supplies to the business credit cards at the beginning of the billing cycle – which gives you a float of about 21 days.

It cannot be said too often: business credit cards can really help you manage the business better. That you can use the business credit cards for travel and client entertainment is well documented. Less well known is, that at the end of a quarter, the period expense account summaries from your business credit card companies are a big help in reconciling your transactions and preparing your quarterly tax filings. More than that, if you take the time to review the summaries, you will have the ability to uncover some potential trouble spots. You may find out where the business is incurring too much expense, and which employee is causing the financial leak.

You will also observe that due to the competition among issuers, many business credit card issuers offer you zero percent interest rate for balances transferred from another business credit card company to theirs. This presents you with a really great opportunity – if you go about it in a smart way: You can capitalize on these zero-interest offers by continually moving your balances from one business credit card to another business credit card without ever having to pay market rates. This is a perfectly legitimate strategy, and there are more than enough business credit card issuers out there asking business credit card holders to do exactly that.

You can play it as a kind of game. You would never run out of new business credit cards to jump into when the introductory period on one business credit card is about to  expire. If you do take this tack, be alert about keeping on top of your statements and your expiry dates.

It will also work in your favor if you transfer your business credit cards when you observe interest rates starting to rise. As an alternative, you could speak with your existing business credit card issuer to see if they are willing to bring their rates back down. Note, though, that repeated applications for business credit cards may impact your credit reportScience Articles, so keep eye on acceptable periods for credit inquiries.

Advantages of Double Sided Printed Business Card

Business cards is like a sales person for your business. They bring information about your business and if they are good enough, they will be able to bring business for you. The problem is that so many information and benefits we can offer in our business for our prospects and customers but limited with a physical sized card.

There is a little help for that, that is to have your business cards printed on double side. So many space wasted in most business cards that only use one side of the card. While the other side is only left with almost no useful information about the business itself.

Double sided business cards give you more space to put your business details and advantages. Here are some thoughts.

You can list some prestigious projects or clients you have handled, that way it can help boost your credibility and give your more bargaining power for your business.

You can put the pictures of your products, this actually effective for business that sells specialized or customized products. You can also put the list of your branch offices or your business partners. That list will bring great impression for your business scale.

You can put the brands of the products you sell or use as your business support. This will work both ways, first it will help to confirm that you use only high quality products from the brand. The second oneFeature Articles, it will also build the brands image.

There are so many things available to put in the other side of the double sided business card. It is up to your creativity to make it work for your business.

Business Planning

            A well-developed business plan is more than a road map.  It serves to define the business concisely, identifies goals and milestones and a desired timeline in which to reach them, and serves as a resume for “selling” your business to banks and investors.

            The most important component of a business plan is the financial report. A financial report should include at the least 3 components: an income statement, a balance sheet, and a cash flow analysis.

            The income statement is a summary of a company’s profit and loss over a certain period, usually a year, but for a fledgling company, the time may be shorter.  It serves to track all the income and expenses of the operation; where expenses can be or should be reduced, and where weak points in the business may be.  For example: is the phone bill excessive

A  balance sheet serves as a snapshot of the company at any given point in time and shows the kind of assets, liabilities, and ownership position of the investors within the company.

A cash flow analysis shows how the company generated and used cash for a period of time.  The cash flow analysis shows three types of activities, operating activities, investing activities, and financing activities.

When writing your business plan make sure you know your audience.  Typically your audience is either going to be directed at what is known as ‘angels’; e.g. Mom and Dad or wealthy investors that become personally involved in fledgling business.  If you are directing your business plan to the Bank of Mom and Dad or to a wealthy family friend then your business plan probably doesn’t have to be as perfect as if you were submitting your proposal to a formal bank.

The second type of audience that your business plan could be directed at are venture capitalists.  This is were you need to make sure all of your i’s are dotted and t’s crossed.   Venture capitalism is all about taking a risk and getting a high return from it, so the only way to attract investors in this market is to persuade them with a top-notch business plan.

Whatever you decide to do for your businessArticle Search, the critical first step of a business plan will set the tone and provide a solid platform from which you can grow and hopefully succeed.

Steps to Offer Business Co-operation to Business

There are many important stages to creating a successful business to business partnership deal. Generally all B2B partnerships keep to a few basic steps from initiation to execution. The following are ten points to be aware of while moving through the process of establishing a business to business partnership. Whether you’ve never established a partnership business deal or you have created several, these steps can be a good guideline to follow.

Process guide for Business to Business partnership deals

  •  Identification – Identify the advantages you’re seeking in forming a business partnership deal. This way you’ll have a clear idea of what you’re looking for in a partnership. Also be sure to understand what value your business provides to potential partners.
  • Exploration – Finding the right partner is critical. Create a target list. Reach out and meet people on your list. Be ready to perform due diligence on companies and understand the opportunities that may be presented to you and your company.
  • Structuring – Work out the partnership details with the other executive management team. Make sure to include these steps during implementation of the partnership.
  • Negotiating – Know what you need from the partnership and what your final numbers are concerning any revenue shares or costs associated with the partnership.
  • Drafting – Work with your company’s legal team to create a template for creating partnership deals especially if your company’s business model is B2B.
  • Reviewing – Try to get as much of the work done beforehand as possible before having the lawyers review the agreement in order to keep costs down. After you have a great working template just a simple review is often all that will be needed.
  • Signing – Always meet in person if possible to sign the agreement and make sure to keep copies of all business to business partnership agreements both in a cloud based service like Dropbox and in hard copy formats.
  • Executing – Educate your staff about the partnership. Be sure to create a training manual that explains the details of how the partnership works. This can also be provided to the partner’s staff in order to bring them up to speed. Make sure everyone involved has current and correct contact information to reduce communications issues.
  • Review – Schedule regular partnership review meetings and updates. This keeps communication open and is critical in the early stages of a new partnership to fix any unforeseen issues that may come. This will also be a valuable tool for established partnerships as new opportunities for growth may present themselves. Always be on the lookout for new and innovative ideas as they relate to your business to business partnership.
  • Reward – Build incentives for both your team and the partner’s team. When staff can see the direct benefits to new relationships in their pockets versus just more work being placed on their shoulders they are more likely to take the relationship seriously and strive to maintain effective business partnerships.

Businesses to business partnerships are one of the best ways to grow a company and expand into new markets quickly, but they do require a well thought out start-up process if they are to be a successful and integral part of your businesses growth strategy.