Whether your business is 10 years old, or maybe you just started it up, you’re going to want to get credit for your business, in order to get the funding that you may not have. Sure, if you have the cash on hand, you may not want to get the credit.

Today, I wanted to show you three reasons on why you should highly consider a business card for your small business.

Rewards – Many cards out there offer rewards, every time you swipe your card. You can get cash back on your purchases, get points, as well as bonuses. It’s a great way to get rewarded on the money that you have already spent.

Keeping track – I love my card, because I will literally put everything on the card. What you’re going to find out is that it’s a lot easier to keep track of spending all on one card, rather than using a few cards all the time. You’re going to find that tracking on one card is going to be a lot less stressful, trust me on this one!

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With more than 600,000 new small businesses started each year, it’s safe to say that the dream of being a successful business owner is a strong one. If you are considering starting your own business, or are already the proud owner of a business- here are 7 reasons why your small business needs a credit card: 1. Keep your personal finances and business finances separate. It’s easier than you think to accidentally mix up your funds. Using a credit card that is used only for your business expenses and purchases eliminates the problem of labeling every transaction in your personal checkbook or on your personal credit card statements at the end of the month. 2. Build credit in the name of your business. If you obtain a credit card in your business name, the more you use it and make on-time payments, the stronger you will build the credit score of your business. After several months of building a good credit history, you may be able to obtain small business loans or other sources of financing if necessary. 3. Get stuff for free. There are numerous rewards programs with credit cards. (more…)

Many people across the country have found they need a second income to survive. While many will take a weekend or evening job in addition to a full-time gig in order to get by, many other entrepreneurial types will be trying their hand at starting a side business, based on a hobby or passion they have for their particular talent. Whether it be a business involving crafts, accounting, cooking, or any of the many other ideas people are developing, it is very important to remember that there is always a potential for these little side business to grow quickly into a profitable and legitimate business or career.

In fact, many freelancers and small business owners will tell you that the potential earnings from a small side business will far out weigh what can be earned at a part time job. When you combine the earnings from a side business run out of your home with the savings you have not having to drive to a part time job or prepare lunches to take to the second job (or even more savings if you normally buy lunches when you’re working) the amount earned from a side business is far greater.

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With more than 600,000 new small businesses started each year, it’s safe to say that the dream of being a successful business owner is a strong one. If you are considering starting your own business, or are already the proud owner of a business- here are 7 reasons why your small business needs a credit card:

1. Keep your personal finances and business finances separate. It’s easier than you think to accidentally mix up your funds. Using a credit card that is used only for your business expenses and purchases eliminates the problem of labeling every transaction in your personal checkbook or on your personal credit card statements at the end of the month.

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One of the many difficulties of starting a small business is gaining access to capital during the startup phase. With the large growth in small specialty businesses across the country, credit card companies are beginning to design special programs to help this new breed of business achieve success. For even those small businesses that have access to capital, the perks and benefits associated with small business credit card programs, can still be useful to help you compete more effectively in the marketplace. Below are just six of the many ways in which a small business credit card can help your business to operate more smoothly and improve your bottom line.

Ease Your Cash Crunch
A small business credit card can ease your business’s cash woes. Through the development and implementation of a sound financial plan that utilizes a credit card you can guarantee that your business will always meet payroll, be able to purchase inventory on an as needed basis, and manage both seasonal and business fluctuations without depleting your cash reservoir. Another added advantage is the cash advance feature, which allows you to withdraw cash from an ATM to cover emergencies and other unanticipated expenses.

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