The Tale of Elusive Minority Business Loans: Where to Find Them and What It Takes to Get Them

Minority Business Loans are Out There, You Just Have to Know Where to Look

The United States is full of those considered to be “in the minority.” In fact, in some areas the majority of the population is considered to belong to a minority group! This is why minority business loans are more important than ever. Ensuring minority business owners have the funding they need to help their business thrive is vital to the economy.

The thing is, if you do not know where to look or what you are looking for, it can be difficult to snag one minority business loans. We are here to help you have a successful hunt.

The Best Sources for Minority Business Loans

There really are several sources for minority business loans. It is necessary to know the specifics of each however, before you can move in for the kill. Some only offer minority business loans to those in certain cities. Some are only available if you are looking to land government contracts. Each have their own requirements, and it takes a ton of time and research to figure it all out. We have a lot of research here to save you time. You do not have to start from scratch.

Business Consortium Fund, Inc.

This program is designed specifically for minority businesses. It is certified by the US Department of the Treasury. Businesses can qualify for $75,000 to $500,000 after approval. Amounts above $500,000 are on a case by case basis.

Funds can be used for working capital, equipment financing, and contract financing. To apply, you have to certify your business through National Minority Supplier Development Council. Additionally, you must have a supplier relationship with the Council.

National African American Small Business Loans

These loans are only available to low- and medium-income communities in Chicago, Los Angeles, and New York. The NASBLF provides capital to African American minority-owned businesses not eligible for traditional financing.

Loans range from $35,000 on the low end to $250,000 on the high end. Technical assistance and financial consultation services are also available to business owners. Allowable fund uses include expansion, equipment purchases, and cash flow. They only have $30 million total to loan out in a year, unless more grant funds become available to the program.

Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.

Accion

Accion offers funding in all states for minorities, veterans, women, those with disabilities, and low to medium income business owners. Loan amounts range from $200,000 to $300,000. They work to help build businesses from the beginning, and can put owners in contact with other banks, non-profits, and government resources that help build a network of support.

The minimum credit score for these loans is 575, and you cannot be 30 days late on credit cards, loan payments, or bills. In addition, you will not qualify if you have any late rent or mortgage payments over the past year.

Community Development Financial Institutions Fund (CDFI)

This group lends to those communities that are traditionally underbanked, including business owners that are minorities. Since the Community Reinvestment Act of 1977, banks are required to offer funding in communities that find it hard to qualify for traditional funding. Big banks often fund minority business owners indirectly through their CDFI partners.

To locate a CDFI, contact the local business development center or your local Small Business Development Center office. They can hook you up.

While the application process can be lengthy, they do offer assistance to prepare for future bank loans. In addition, their rates are competitive within the U.S.

Union Bank Business Diversity Lending Program

This program from Union Bank assists minority business owners with loans and lines of credit. To qualify as a minority for this program you must be Hispanic, American Indian, Latino, Asian, Alaskan Native, African American, Native Hawaiian, or other Pacific Islander.

A business that has revenue of up to $20 million could qualify for a loan of up to $2.5 million. However, you must be in business for at least 2 years, and the minority business owner must own at least 51 percent.

Indian Affairs

Businesses owned my Native Americans can get financing from the federal government through the Indian Affairs branch. An individual can fill out an application for up to $500, 000, but business entities and tribal enterprises my apply for more.

Potential borrowers can apply with any lending institution, they just have to use the Indian Affairs application. If the funds are used for construction, renovation, or refinancing, there are additional requirements. Generally, a list of collateral, a credit report, and an analysis of business operations are required.

Camino Financial

They are an online lender that offers minority-owned businesses loans and business solutions. They process all of their lending online, which makes it easy and convenient. Their microloans range from $5,000 to $50,000. They also offer small business loans between $10,000 to $400,000.

There is no collateral requirement. Also, you can pay off the loan any time with no penalties or fees. Pre-qualification happens within 24 hours, and since all documents are submitted online, you do not have to make unnecessary trips to turn in or sign papers.

Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.

Other Options for Minority Business Loans

If you do not qualify for any of those already mentioned, or if you need more funding than what you can get with them, you may need a plan B. There are other options out there, but first you should know that traditional big banks are probably not on the list.

Why Big Banks Probably Will Not Work

Big banks are what most people think of as the first stop when it comes to getting a loan. That is true for some, but for most small business owners they are not the way to go. This is true whether they are looking for minority business loans or business loans in general.

Here’s why:

● Small businesses represent small loans with higher failure rates than larger businesses. Most are not at ease lending to companies with less than $1 million in sales.

● Big banks like collateral, and small businesses are less likely to have sufficient collateral for the loans they need. They are more likely to be leasing assets than larger businesses may own and offer as collateral.

● They also like to see a personal credit score of at least 680. Many small businesses, especially those that are less than 3 years old, do not have this.

So, what are small businesses to do if they need funding? What if the specific minority business loans are not enough? Consider these other options.

Community Banks: Minority Business Loan Heroes

Community banks can be a great option. They are more easily accessible to small businesses in general. They tend to have better customer service and care more about the people involved than the bottom line. Often, they are more interested in building relationships with their lenders than their big bank counterparts are. However, their rates and terms are typically just as good as those with the larger lenders.

The downside is, as a brick and mortar financial institution they are still going to be slow. You will have to make multiple trips to the bank, and the whole process can be kind of long and drawn out.

The Small Business Administration

The Small Business Administration, or SBA, offers a number of options for minority business loans. They do not lend funds themselves, but rather work with lenders to offer security, so that they can make loans to those business owners that may be considered higher risk than what they would normally consider approving.

SBA Community Advantage loans:

Community advantage loans from the SBA are designed for businesses in underserved communities that need less than $250,000. You can find lenders that work with the SBA on this program using the SBA Lender Match tool.

SBA microloans

They also have microloans available of up to $50,000. These are offered through nonprofit organizations. With interest rates ranging from 8% to 13% and maximum repayment terms of six years, they can work well for those need minority business loans

One of the SBA’s partners in this program is The Opportunity Fund. According to them, of its borrowers, 90% are minority business owners.

SBA 8(a) business development program

If you are a small business interested in government contracts, an 8(a) certification can help. Your business must be at least 51% controlled by individuals that are “socially and economically disadvantaged.” This includes minorities, veterans, and women.

SBA 7 (a) Loans

These are not specifically for minorities, but they are available to minorities as well as everyone else. They are 10-year loans of $30,000 to $350,000. Rates range from 9.7% to 11.04%, and they can turn around in as little as seven days, though they more often take up to several weeks.

Alternative Lenders and Minority Business Loans

While not necessarily only for minorities, many alternative lenders offer loans that meet the challenges often faced by those seeking business loans. One of the greatest issues for small business owners when it comes to small business financing is credit score. The following loans are available with a lower credit score than what is typically required by traditional lenders.

Fundbox

There is no minimum credit score, but if you have at least $50,000 in annual revenue you can qualify for a line of credit from Fundbox. You also need to be in business for at least 3 months. Amounts range from $1,000 to $100,000 with rates from 10.1% to 79.8%. Terms are for 12 weeks, and you can have your funds as quickly as the next business day.

Kabbage

Another lender that will make loans on credit scores as low as 500 is Kabbage. Terms are for 6, 12, or 18 months and amounts range from $2,000 to $250,000. Interest rates are higher, at 24% to 99%. Funding can take several days, but sometimes happens in just a few minutes.

QuarterSpot

QuarterSpot is another option, and it is preferable for many as the terms go up to 18 months. Loans range from $5,000 to $250,000, but rates are pretty high at 30% to 70%. Approval can happen in as little as 24 hours.

Credibility Capital

Loans with Credibility Capital range from $50,000 to $400,000. Terms are for 1,2, or 3 years, and rates range from 10% to 25%. Funding usually takes around 7 days.

SmartBiz

SmartBiz offers low cost financing for expansion. These are SBA loans, but with SmartBiz funding happens a lot faster than with traditional banks. In fact, they can take a few weeks rather than a few months.

Hit the jackpot with our best webinar and its trustworthy list of seven vendors who can help you build business credit.

Business Credit is Better

These minority business loans are heavily dependent on personal credit scores. That’s well and good, and if you qualify and need funding now, go for it. Regardless of whether or not you qualify for these loans however, you need to be building business credit.

Business credit is credit that is not connected to your personal credit score. It is based on the merits of your business alone. It is much better to use business credit than personal credit to fund your business. For one thing, if your business goes bust, your personal credit will not be affected directly. However, handling business transaction using your personal credit can negatively affect your credit score even if you make all of your payments on time.

This is due to the fact that, by nature, personal credit limits are lower than business credit limits. At the same time, business transactions are more expensive than personal ones. This means that if you fund business transactions on personal credit, you will always be close to maxing out your credit. That raises your debt-to-service ratio, which in turn lowers your credit score.

How Do You Get Business Credit?

The first step is to make your business look fundable. That means separating it from yourself in all ways possible. There needs to be a business address that is separate from your own, as well as a dedicated business telephone number through a toll-free exchange.

In addition, you need to incorporate. That means choosing between a corporation, s-corp, or LLC. A sole proprietorship or partnership will not work for business credit building. Next, apply for and EIN. It functions similarly to an SSN, but for your business.
There are a ton of other steps to establishing business credit, but these will give you a great start.

Don’t Give Up on Minority Business Loans

One thing is for certain, there are a ton of options out there for minority business loans. The only catch is that not all of them will work well for every minority owned business. We have given you enough to get you started, now get moving figuring out which ones will work for you. In the meantime, start building business credit so you can fund your business using its own credit and not your personal credit.

The post The Tale of Elusive Minority Business Loans: Where to Find Them and What It Takes to Get Them appeared first on Credit Suite.

Recently funded… $17,500.00 in Business Revenue financing!

We were excited to be able to work with Marcio in Framingham, MA acquire $17,500.00 in business revenue financing.

The client has been able to continue to receive financing. This has helped our client’s company reach goals.

Congratulations Marcio in your continued success!

Click Here to see how much funding you can get for your business.

The post Recently funded… $17,500.00 in Business Revenue financing! appeared first on ROI Credit Builders.

Try Some Warmer Cold Calling and More –10 Brilliant Business Tips of the Week

The Hottest and Most Brilliant Business Tips for YOU – Try Some Warmer Cold Calling and More

Our research ninjas at Credit Suite smuggled out ten amazing business tips for you! Be fierce and score in business with the best tips around the web. You can use them today and see fast results. You can take that to the bank – these are foolproof! Summer’s about over – it’s time for warmer cold calling!

Stop making stupid decisions and start powering up your business. Demolish your business nightmares and start celebrating as your business fulfills its promise.

And these brilliant business tips are all here for free! So settle in and scoop up these tantalizing goodies before your competition does!

#10. Upsell Like a Champ

Our first jaw-dropping tip is all about upselling. Small Biz Trends says there are some techniques out there which are more effective than not. It’s a bit like warmer cold calling.

25 Percenters

So, here’s an interesting one. Did you know that an offered upsell shouldn’t add more than 25% onto the initial price? But why?

Because otherwise it can feel overwhelming to the customer. This one is truly brilliant. And you see it in practice all the time.

“You want fries with that?”

“For an extra $2, we’ll throw in a pack of pens with your notebook purchase.”

“If you get the sport package, you get a spoiler and a sunroof.”

“Add a salad and we’ll call it a dinner. Then you can get free dessert!”

“Now that you got a new pair of running shoes, wouldn’t you love a new pair of running shorts?”

“Ever notice how when you paint a room, a lot of other things look dull? Buy six gallons of our matte finish latex paint and we’ll throw in a new picture frame.”

You get the idea. It doesn’t work if you offer a second Big Mac (usually). And if you’re already getting an entrée, you probably don’t want a second. But you might be tempted to have a salad. In fact, having a salad translate into a free dessert also takes advantage of people wanting to be virtuous by eating a salad – and then decadent by capping their meal with a hot fudge sundae.

Unbundling

By the way, unbundling can feel weird! Your intrepid blog writer owns a pretty basic car but it’s got a sun roof. And it was quite the chore to get the extra – it had to be specially added. Because sun roofs tend to go with sporty packages, not basic sedans.

Still, I got my sun roof. It was a lot like warmer cold calling in that I was already there and buying. The dealer just had to make sure I was 100% happy so I wouldn’t run off to a dealer down the street.

So try this rule of 25% the next time you’re putting together upselling ideas. And can I have some of your fries?

#9. Scratch ‘Create an Email List’ Off Your To-Do List in an Hour

The next awesome tip is about creating an email list from scratch – fast. Sumo notes it’s easy to get email lists wrong. No argument here.

Now, keep in mind, the article isn’t much more than a long ad for Sumo. But Sumo is free, so we’re okay with that. And it does make one point which we would like to showcase.

Not all of your contacts are alike.

As a result of this insight – which we will be the first to admit isn’t much of an insight – you should be segmenting your email list. We tend to do this intuitively, and we don’t even know we’re doing it.

As in, if your grandmother is in your address book, you probably won’t invite her to go out clubbing with you (or maybe you will…). But your pals from college? You’re a lot more likely to invite them. And you’ll even go more granular. Your quiet roommate might not make the invitation list, but your clubbing partner from back in the day is more likely to.

So the moral of the story is – don’t treat your customers and prospects as one big monolith.

Gee, where have we heard that before?

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Leave the sales freezer behind with warmer cold calling and more.

#8. A Lot Better Than Vacation Slides

Our following life-changing tip concerns using Facebook slideshow ads to their fullest potential. Wordstream lays it all out for us.

You’ve probably seen these. In fact, you may not have seen these on Facebook (or been aware that they were what you were seeing). Slideshows.

For example, have you ever been on a site for a clothing retailer and been served both the front and back versions of an outfit? Not separate images – more that the front images change to the back on occasion, and then back again. That’s a slideshow.

For Facebook, one great idea is to showcase variety. If you’re a residential real estate agent, why not show one-family and two-family houses? Or big apartments and studios? Or both the east and west sides of town?

We highly recommend reading the entire article. Yes, it’s that helpful. It’s as good as warmer cold calling – and may even be better.

#7. Great Business Leaders – Are They Born or Made?

For our next sensational tip, we looked at what a new business leader should really be like. Startup Professionals notes a charismatic, innovative leader has certain characteristics.

They looked at people like Steve Jobs and Bill Gates, but also Elon Musk. And the one characteristic we preferred was doing good works. But our second chance characteristic was lifelong learning.

Hey, you don’t need to be a big time innovator to do either, or both.

#6. Being a Great Boss – An Argument for Nurture Versus Nature

This tip is so cool, and it works! Work It Daily tells us all about developing leadership skills. They note there are some great methods for learning leadership skills. Perhaps our two favorites were all about enthusiasm and knowing yourself.

True Story

Over 20 years ago, your intrepid blog writer worked in the insurance industry. Often, these jobs were dull and repetitious. And that attitude came straight from the top. When management acted uninterested in being there, so did everyone else. Talk about your downers!

Then in 2004, I worked for Dictaphone, in voice recognition (this late lamented company no longer exists). And there things were waaaaaay different. The boss was not just friendly and approachable. She loved her job. And everyone under her caught her fever. We loved working there, and we loved working for her. It all came from her enthusiastic, whole-hearted embrace of our projects.

Want to build voice recognition for lawyers? Awesome! For police officers? Let’s help them catch some criminals. For firefighters? Cool, let’s make their lives easier so they can go back to saving people. For doctors? Terrific – let’s make this chore simple so they can cure cancer and hangnails.

And it goes on.

Want to be a good leader? Then be excited about what you and your team do. And if you aren’t, then maybe you should be considering a new line of work.

#5. Get Out of the Sales Ice Box With Warmer Cold Calling

Grab this mind-blowing tip while it’s hot!

Warmer cold calling is where it’s at. LinkedIn says there are a number of things you can do which aren’t cold calling!

We loved these. Now, keep in mind, we are research fans here, so the first tip was a great one. And it’s LinkedIn! Egad, if you’re going to find out stuff about a prospect, then the prospect’s company website (and maybe blog) plus LinkedIn are THE places to go.

The Times, They Are A-Changin’

So here’s a question. When was the last time you saw someone selling door to door? Not people talking religion – real-live salespeople. For your intrepid blog writer, it was maybe eight to ten years ago, possibly more.

I was sitting on the front porch steps, eating ice cream. And this guy was walking past and he said something from the sidewalk. Now, keep in mind, this is a secondary access road, so there’s traffic on it, and it can be loud.

My “What?” was, to him, an invitation to walk up my front walk and try to hand me literature on buying a satellite dish. And here I was thinking he wanted to know how to get to the Thai place on the corner.

So he hands me papers. I had them back. He hands them to me again. And I give them back again. We do this little dance a couple of times. The big recycling bin is nearby, so the next time I get the papers, I toss them in there.

Oh, I got an earful then. Well, guess what, dude? You weren’t welcome. You slid in under false pretenses. And you didn’t listen to me, not one bit.

What the heck did you honestly expect was going to happen?

C’mon Already!

Don’t be that guy. Do your research and know your prospects. Because if this guy had, he would’ve known that my house is over 100 years old and there is no way I am ever putting a dish anywhere near it.

Please don’t write to us about the merits of satellite dishes. Thank you in advance.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Leave the sales freezer behind with warmer cold calling and more.

#4. Time is Running Out to Write Scarcity Emails!

Check out this spectacular tip, all about scarcity marketing techniques to boost email conversions. Sleek Note informs us that you can tap into customer fear of missing out in any number of ingenious ways. Talk about creating what is essentially a form of warmer cold calling!

There’s More Than Way to be Scarce

So the first thing we noticed was there’s more than one way to convey scarcity. Sometimes it’s the scarcity of the product. You know the drill – they tell you they’re about to sell out of something or other. But did you know that adding a number makes the claim more believable?

But there’s another way to show scarcity – it’s a scarcity of time. “Time is running out!” “You’ve got just two hours left to get …”

Yet another way is via exclusivity. This also appeals to customer desires to be and feel special. And they feel they can be seen as special by others. Social currency is absolutely a thing – and for many people, it feels scarce. A lot of folks will do just about anything to have more of it.

NOW.

#3. You Oughta Be in Pictures

It’s not your imagination: this winning tip can help you grow your YouTube channel. Noobpreneur tells us going with a niche is a great strategy. We agree!

Consider this. Do you listen to the radio? It can be in the car or at home or via satellite. Doesn’t matter. But what does matter is the radio doesn’t play just anything. You’re highly unlikely to hear gangsta rap right after a classical piece. And that’s true even if you, personally, like both pieces of music.

This is because the radio is segmented, big time. And maybe a little too much these days. You can get more than one version of 80s music, for example.

So consider such a strategy for YouTube, and don’t try to be all things to all people. Not even Casey Kasem was.

#2. Tapping into Influence

Our second to last unbeatable tip can give you a new perspective on how influencers can promote their platforms. Young Upstarts reveals all about it.

The biggest insight we got was to adapt messaging depending on which platform you’re on. And that works for us. In particular, it matters in terms of platforms you’re trying to break into.

If you’re awesome on Facebook, guess what? You need a whole new approach for Snapchat.

Another great idea was to provide something in return for following. Truth is, we do that here.

That’s kinda what this blog is all about, folks.

#1. Dear Sir or Madam: Please Buy Ad Space On My Blog kthxbai

We saved the best for last. For our favorite remarkable tip, we focused on getting companies to buy advertising space on your blog. The Work At Home Woman says you, too, can grab this blogging Holy Grail.

One thing the article goes into is working directly with an advertiser versus an ad network. To our eyes, it looks like an ad network is a great way to get started. The network will do the legwork in terms of finding advertisers. But be aware – for most of the ones mentioned, you need 25,000 or more clicks per month on your blog.

Yeah. About that.

Affiliate Marketing

So there’s another way to monetize things, and it doesn’t hinge on clicks. It’s affiliate marketing. That’s where bloggers add (for example) a link to Amazon for selling a book. The link is particular to the blogger so, if you click through and buy the book, the blogger will get a cut of the proceeds. Because you’re there voluntarily, it’s better than warmer cold calling – you’re actually a hot prospect!

But…

Just like for ads, though, recognize one thing. If your blog isn’t uber-popular, you’re not going to make a lot of money. The number of people who do isn’t very large. Still, you can make some mad money with ads and affiliate marketing. After all, there are some ad networks which aren’t looking for such huge blogs with so much traffic (although shop around and do your homework, to make sure the ad network is reputable and will pay you).

Just don’t quit your day job.

So which one of our brilliant business tips was your favorite? And which one will you be implementing now?

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Leave the sales freezer behind with warmer cold calling and more.

The post Try Some Warmer Cold Calling and More –10 Brilliant Business Tips of the Week appeared first on Credit Suite.

Check Out Small Business Credit Cards for New Businesses

Get the Best Small Business Credit Cards for New Businesses

We took a look at a ton of small business credit cards for new businesses, and did the research for you. So here are our picks.

Per the SBA, small business credit card limits are a whopping 10 – 100 times that of consumer credit cards!

This shows you can get a lot more funds with small business credit. And it also shows you can have personal credit cards at retail stores. So you would now have an additional card at the same retail stores for your business.

And you will not need collateral, cash flow, or financial data in order to get company credit.

Small Business Credit Cards for New Businesses: Benefits

Benefits vary. So, make sure to choose the perk you would prefer from this choice of alternatives.

Small Business Credit Cards for New Businesses: Credit Builder Company Credit Cards

Discover it® Student Cash Back

Be sure to check out the Discover it® Student Cash Back card. It has no yearly fee. The card also has a six-month introductory period of 0% APR on purchases. And there is an APR of 14.99 – 23.99% variable on all purchases after that period.

One one-of-a-kind feature is that it provides an incentive for students to maintain good grades with a $20 statement credit. If scholars earn a GPA of 3.0 or higher each school year, the card will award the $20 statement credit each year for up to five years.

Details

Use this credit card to build personal credit. While this is a personal credit card versus a company card, for new credit users, their FICO scores will matter. And this credit card provides an outstanding way to raise FICO while also getting rewards.

You can earn 5% cash back at different places each quarter like grocery stores, gas stations, restaurants or Amazon.com up to the quarterly maximum. After that, this credit card offers unlimited 1% cash back on all purchases.

In the initial year, all cash back rewards are matched 100%.

Downsides include a cash advance fee of either $10 or 5% of the amount of each cash advance, whichever is greater. And even though they waive the first late payment fee, a fee of up to $37 applies on all other late payments. There is also a returned payment fee of up to $37.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Reliable Low APR/Balance Transfers Business Credit Cards

Discover it® Cash Back

Have a look at the Discover it® Cash Back card. There is a 10.99% introductory APR for six months from date of first transfer. So, this is for transfers under this offer which post to your account by January 10, 2019.

After the introductory APR expires, your APR will be 14.99% to 23.99%. So, this is based on your creditworthiness. Your APR will vary with the market, which is based upon the Prime Rate.

Details

You can earn 5% cash back at different places every quarter. So, these are establishments like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs. But this is up to the quarterly maximum each time you activate. Also, automatically get unlimited 1% cash back on all other purchases.

You will earn an unlimited dollar-for-dollar match of all the cash back you have earned at the end of your first year, automatically.

Get it here: https://www.discover.com/credit-cards/cash-back/it-card.html

Small Business Credit Cards for New Businesses with 0% APR – Pay Nothing!

Bank of America® Business Advantage Travel Rewards World Mastercard® Credit Card

The Bank of America® Business Advantage Travel Rewards World Mastercard® credit card has no yearly fee and comes with a 0% introductory APR on purchases for the initial nine months. After that, the card has a 13.24 – 23.24% variable APR

Earn 3 points/dollar spent when you book travel via the Bank of America Travel Center and 1.5 points/dollar on all other purchases. You can get unlimited points and points will never expire.

Details

There is a 25,000-point sign-up bonus when you spend $1,000 within the initial 60 days of starting the account. Cardholders get travel accident insurance, and lost luggage reimbursement.

They likewise get trip cancellation coverage, trip delay reimbursement and other benefits.

There is no introductory rate for balance transfers. Also, bonus categories are limited.

Get it here: https://www.bankofamerica.com/smallbusiness/credit-cards/products/travel-rewards-business-credit-card/

JetBlue Plus Card

Take a look at the JetBlue Plus Card for another offer of a 0% introductory APR

Earn six points/dollar on JetBlue purchases, two points/dollar at eateries and grocery stores. And get one point/dollar on all other purchases.

Details

Spend $1,000 in the first 90 days and pay the annual fee, and earn 40,000 bonus points. New cardholders receive a 12 month, 0% introductory APR on balance transfers made in 45 days of account opening.

After that, the variable APR on purchases and balance transfers is 17.99%, 21.99% or 26.99%, based on creditworthiness. Benefits include a free first checked bag and 50% savings on in-flight purchases.

There is a $99 annual fee for this card.

Get it here: https://cards.barclaycardus.com/cards/jetblue-card/

Secure Business Credit Cards for Average Credit

Capital One® Spark® Classic for Business

For fair credit, we like the Capital One Spark Classic for Business. It has no annual fee. There are cash-back rewards. The card earns an unlimited 1% cash back on all purchases. There is an annual fee of $0.

With this card, you will get benefits including an auto rental collision damage waiver, and purchase security. And you also get extended warranty coverage. And you get travel and emergency assistance services.

But BEAR IN MIND: the ongoing APR is 24.74% variable APR. And the penalty APR is even higher, 31.15%. Also, there is no sign-up bonus.

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-classic/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines. Get the best small business credit cards for new businesses.

Ironclad Secured Credit Cards

Wells Fargo Business Secured Credit Card

Take a look at the Wells Fargo Business Secured Credit Card. It charges a $25 yearly fee per card (up to 10 employee cards). It also requires a minimum security deposit of $500 (up to $25,000) and it is meant to help cardholders build or rebuild their credit.

Select this credit card if you wish to earn 1.5% per dollar in purchases without any limits or get one point for every dollar in purchases. You also earn 1,000 bonus points for every month your company makes $1,000 in purchases on the card.

Details

Also, you get free FICO scores every month. There are no foreign transaction fees. It is possible to upgrade to unsecured credit. Your account is regularly reviewed. And you may become eligible for an upgrade to an unsecured card with responsible use over time. Approval is not guaranteed and depends on factors including how you manage this and your other accounts.

APR is the current prime rate plus 11.90%. There is no introductory APR period and no sign-up bonus. This is not a credit card for balance transfers.

Get it here: https://www.wellsfargo.com/biz/business-credit/credit-cards/secured-card/

Small Business Credit Cards for New Businesses: Remarkable Business Credit Cards with No Annual Fee

Uber Visa Card

Check out the Uber Visa Card. Uber is the very first ride-sharing service to offer a credit card, in a partnership with Visa and Barclays.

The card offers 4% back per dollar spent at restaurants, takeout and bars, including UberEATS. Also, get 3% back on hotel, airfare and vacation home rentals. And get 2% back on online purchases.

So, this includes retailers and subscription services such as Uber and Netflix. And get 1% back on all other purchases. Each percent/point has a value of 1 cent. Redeem points for cash back, gift cards or Uber credits directly in the app.

By spending a minimum of $500 in the first 90 days, users can earn a $100 sign-up bonus. Cardholders spending at least $5,000 per year are eligible to receive a $50 credit toward online subscription services.

Details

If you pay your cellular phone bill with this card, you are insured up to $600 for cellphone damage or theft.

Cardholders are eligible for exclusive access to specific events and offers. Uber anticipates the majority of these offers will be available in major cities like New York, San Francisco, Los Angeles, Chicago and DC. There is no foreign transaction fee.

But there is no introductory rate. The APR is a variable 16.99%, 22.74% or 25.74%, based on your creditworthiness. Cardholders with less than stellar credit will be on the higher end of the range.

Also, there are restrictions on Uber credits. To redeem points as credits in the Uber app, accumulate at least 500 points, or $5. Cardholders can convert a maximum of 50,000 points, or $500, in a given day.

Get it here: https://www.uber.com/c/uber-credit-card/

Costco Anywhere Visa® Business Card by Citi

Not taking Uber? Then you’ll want to fill your gas tank someway. Why not do so with the Costco Anywhere Visa® Business Card by Citi?

This credit card earns cash back with every purchase. Get 4% cash back on the first $7,000 spent on eligible gas purchases annually (1% after that). Earn 3% cash back at restaurants and on eligible travel purchases. Also, earn 2% cash back at Costco and Costco.com. And earn 1% cash back on all other purchases.

Note: the $0 yearly fee is only for Costco members. And an active Costco membership is required. Cardholders will get access to damage and theft purchase protection, extended warranty coverage and travel accident insurance.

Also, there is no sign-up bonus offered with this card.

Get it here: https://www.citi.com/credit-cards/credit-card-details/citi.action?ID=Citi-costco-anywhere-visa-business-credit-card

Ink Business Cash℠ Credit Card

Have a look at the Ink Business Cash ℠ Credit Card. Small businesses can get cash back with every single purchase. Spend $3,000 in the first three months from account opening. And you’ll earn a $500 bonus cash back.

There is a $0 yearly fee with a 0% introductory APR for 12 months on purchases and balance transfers. Afterwards, the APR is a 15.24 – 21.24% variable.

The card includes travel and purchase coverage benefits. So, this includes an auto rental collision damage waiver and extended warranty protection.

Details

Earn extra cash back on business categories. So, these include office supply stores, telecommunications, gas stations and restaurants.

Note: this credit card has a balance transfer fee. Pay 5% of the amount transferred or $5, whichever is more. Also, there is a foreign transaction fee of 3%.

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-cash

United MileagePlus Explorer Business Card

Get a good look at the United MileagePlus Explorer Business Card.

Earn 2 miles/dollar with United and at restaurants, filling stations and office supply stores. All other purchases earn 1 mile/dollar. Earn a 50,000-mile sign-up bonus after spending $3,000 in the initial three months from account opening.

Benefits include priority boarding, a free first checked bag for you and a companion on the same reservation.

Details

Also, get two United Club passes annually. And get hotel and resort perks including upgrades. In addition, get early check-in and late checkout. And get an auto rental collision damage waiver.

Plus, get baggage delay insurance, lost luggage reimbursement, trip cancellation and interruption insurance. Finally, get trip delay reimbursement, purchase protection, price protection and concierge service.

After the first year, the card has an annual fee of $95. APR of 17.99% – 24.99%, based on creditworthiness.

Get it here: https://creditcards.chase.com/small-business-credit-cards/united-mileageplus-explorer-business

Starwood Preferred Guest® Business Credit Card from American Express

Another possibility is the Starwood Preferred Guest Business Credit Card from American Express.

This card is for those who stay at Starwood Preferred Guest and Marriott hotels often. Earn six points per dollar of eligible purchases at participating SPG and Marriott Rewards hotels.

And earn four points per dollar at American restaurants, US filling stations, and on American purchases for shipping.

Also, get four points to the dollar on wireless telephone services purchased directly from US service providers. For all other eligible purchases, earn two points per dollar.

Details

Earn 75,000 bonus points when you spend $3,000 in the first three months of account opening. Benefits include free in-room premium internet access, Sheraton Club lounge access, and purchase protection.

Plus you get car rental loss and damage insurance. And you get baggage insurance. There is also a global assistance hotline. And there is a roadside assistance hotline. And get travel accident insurance and extended warranty coverage.

The most significant issue is the yearly fee. There is a $0 introductory annual fee for the first year, then it’s $95 after that. Plus there is no 0% introductory APR. Instead, there is a 17.74 – 26.74% variable APR

Get it here: https://www.americanexpress.com/us/credit-cards/business/business-credit-cards/spg-amex-starwood-credit-card

Unbeatable Small Business Credit Cards for New Businesses: Get Jackpot Rewards

Chase Sapphire Preferred® Card

Have a look at the Chase Sapphire Preferred® Card for travel points.

You can get two points per dollar spent on travel and dining at restaurants. And you can earn one point per dollar on all other purchases. Points can be traded in for cash back, gift cards, or travel.

The card’s benefits include trip cancellation insurance, travel and emergency assistance services. They also include an auto rental collision damage waiver, purchase protection and extended warranty protection.

When you spend $4,000 in the initial 3 months from account opening, you will get 50,000 bonus points. These points are worth $625 if you redeem them for travel through Chase Ultimate Rewards.

Details

You can get an unlimited two points per dollar for travel and dining at restaurants. And after that get one point per dollar for all other purchases. Points will transfer equally to 13 leading frequent travel programs with partners. So these include British Airways, Southwest Airlines, United, and Marriott.

There is no 0% introductory APR on purchases or balance transfers. The card’s standard APR is 17.74 – 24.74% variable. Also, the card has an annual fee of $0 introductory for the first year. And then it skyrockets to $95.

Get it here: https://creditcards.chase.com/rewards-credit-cards/chase-sapphire-preferred

Ink Business Preferred ℠ Credit Card

Get a look at the Ink Business Preferred Credit Card from Chase. Cardholders earn 3 points for every dollar spent on travel, shipping, internet, cable, phone and qualifying advertising with the card. So, this is up to $150,000 each year. And all other purchases earn an unlimited one point per dollar spent.

This is a Visa credit card.

Cardholders get benefits like purchase protection, trip cancellation or interruption insurance. They also get cellphone protection. And they get extended warranty coverage. And they get an auto rental collision damage waiver.

Details

Get 80,000 bonus points when you spend $5,000 in the first 3 months from account opening. There is an annual fee of $95. You can add employee cards at no additional cost.

This credit card only offers 3 points per dollar to a limit of $150,000 a year. So, this is for travel, shipping, internet, cable, phone and qualifying advertising. All other purchases earn an unlimited flat rate of one point per dollar. And there is no introductory APR

Get it here: https://creditcards.chase.com/small-business-credit-cards/ink-business-preferred

Establish business credit fast with our research-backed guide to 12 business credit cards and lines. Get the best small business credit cards for new businesses.

Terrific Cards for Cash Back

SimplyCash Plus Business Credit Card from American Express

Take a look at the SimplyCash Plus Business Credit Card from American Express. There is a $0 annual fee. And there is a 0% APR on purchases So this is for the first 15 months an account is open.

But when the introductory period expires, the APR for purchases is 14.24 to 21.24%. So, this is variable and based on creditworthiness.

Details

This credit card has several benefits. These include purchase protection, car rental loss and damage insurance. And they also include a baggage insurance plan, extended warranty coverage and a global assist hotline.

Also, earn 5% cash back at US office supply stores and on wireless phone services. So, these must be purchased from United States service providers. But this applies to the initial $50,000 of yearly spending. Then, you get 1% cash back.

You also get 3% cash back on spending category of your choice. So, this is from eight distinct categories. They include airfare, gas, advertising and computer purchases. But it applies to the first $50,000 of annual spending. Then, you get 1% cash back.

Cash-back bonuses are automatically credited to the customer’s billing statement.

Note: you cannot use this credit card for balance transfers. There is a foreign transaction fee of 2.7%. The credit card charges up to $38 in late fees. And the returned check fee is also $38. The penalty APR is 29.99%.

And, it kicks in if you have two or more late payments within 12 months. It can also apply if you fail to make the minimum payment on time or have a returned payment.

Get it here: https://www.americanexpress.com/us/small-business/credit-cards/simply-cash-plus-business-credit-card/44279

Capital One® Quicksilver® Card

Take a look at the Capital One® Quicksilver® Card. It offers flat-rate rewards of 1.5% on all purchases. There are no limits to the amount of cash back rewards that cardholders can earn. Also, the card has a $0 annual fee.

New cardholders have a 0% APR on purchases and balance transfers for the first 15 months after opening the account. Then afterwards they have a 14.74 – 24.74% (variable) APR after that.

A cash bonus of $150 is available for those who make at the very least $500 in purchases in 3 months of account opening.

Details

Also, cash back rewards do not expire for the life of the account. And there is no limit to how much you can earn.

This card also offers travel accident insurance. And you get an auto rental collision damage waiver. There are no foreign transaction fees. And there is extended warranty coverage.

Downsides are the flat reward rate, not allowing for any more than that. And the higher APR after the first 15 months.

Get it here: https://www.capitalone.com/credit-cards/quicksilver/

Establish business credit fast with our research-backed guide to 12 business credit cards and lines. Get the best small business credit cards for new businesses.

Small Business Credit Cards for Luxurious Travel Points

Capital One® Spark® Miles for Business

Be sure to check out the Capital One® Spark® Miles for Business card. With this card, you can get 2 miles per dollar on all purchases. When you spend $4,500 within the first 3 months of opening an account, you can earn 50,000 miles. So, that is worth $500 in travel.

Benefits for cardholders include an auto rental collision damage waiver, and purchase security. And they also include extended warranty coverage. And you get travel and emergency assistance services.

Cardholders will pay $0 introductory for first year. But they will pay $95 after that for the annual fee.

There is no 0% APR for purchases or balance transfers with this card. The APR is 18.74% (variable).

Get it here: https://www.capitalone.com/small-business/credit-cards/spark-miles/

IHG ® Rewards Club Premier Credit Card

Have a look at the IHG ® Rewards Club Premier Credit Card. it earns hotel rewards worldwide. For every dollar spent at participating IHG hotels, get 10 points. Earn two points per dollar spent at gas stations, grocery stores and restaurants.

And all other purchases earn one point. New cardholders can earn an 80,000-point sign-up bonus when they spend $2,000 in the first three months of account opening.

Details

This card provides a free one-night hotel stay each year. Plus there is a wide array of benefits like travel and purchase coverage and an upgrade to Platinum Elite status with the IHG Rewards Club. The club offers complimentary room upgrades when available and guaranteed room availability.

The biggest issue is that the card does not offer a zero percent APR introductory rate. And the standard APR is 17.99 – 24.99% variable. Also, the yearly fee is $89.

Get it here: https://creditcards.chase.com/a1/ihg/premiernaep

Marriott Rewards® Premier Plus Credit Card

This card earns six points/dollar spent at participating Marriott and SPG hotels. And get two points/dollar on all other purchases.

Spend $3,000 in the initial three months from account opening and earn two free night awards (each valued up to 35,000 points).

Cardholders get access to perks including a free one-night stay annually after account anniversary. Also get travel and purchase protection. So, this includes free standard in-room Wi-Fi and priority late checkout.

Details

Perks include baggage delay reimbursement, and lost luggage reimbursement. There is also trip delay reimbursement. And there is purchase protection. And also there are concierge service and automatic Silver Elite status, which includes a 20% bonus on points.

Spend $35,000 each account year, and be upgraded to Gold Elite status. So, that includes a complimentary room upgrade, free daily breakfast and 4 PM late checkout.

There is an annual fee of $95. The APR is a 17.99– 24.99% variable.

Get it here: https://creditcards.chase.com/marriott/apply

The Best Small Business Credit Cards for New Businesses and You

Your absolute best small business credit cards for new businesses will hinge on your credit history and scores.

Only you can choose which features you want and need. So be sure to do your homework. What is excellent for you could be catastrophic for others.

And, as always, make sure to develop credit in the recommended order for the best, quickest benefits.

The post Check Out Small Business Credit Cards for New Businesses appeared first on Credit Suite.

Business economics – Psychology’s Neglected Branch

” It is difficult to explain any kind of human activity if one does not describe the indicating the star sees in the stimulation in addition to ultimately his reaction is focusing on.”
Ludwig von Mises
Business economics – to the terrific discouragement of economic experts – is simply a branch of psychology. It takes care of specific behavior as well as with mass behavior. Most of its specialists looked for to camouflage its nature as a social scientific research by using complicated maths where sound judgment as well as straight testing would certainly have produced much better outcomes.
The end result has actually been a humiliating separation in between financial concept as well as its topics.
The financial star is thought to be regularly involved in the logical quest of self passion. According to this last day – reasonable – variation of the miserable scientific research, individuals avoid from duplicating their blunders methodically.
Still, lots of people are non-rational or virtually sensible in particular circumstances. And also the meaning of “self-involvement” as the search of the gratification of choices is a tautology.
The concept stops working to forecast vital sensations such as “solid reciprocity” – the tendency to “crazily” sacrifice sources to compensate honest partners and also penalize free-riders. It also falls short to represent less complex kinds of obvious altruism, such as mutual selflessness (inspired by hopes of reciprocatory good-hearted therapy in the future).
Annoyingly for financial experts, individuals transform their choices inexplicably as well as crazily. This is called “choice turnarounds”.
Individuals’s choices, as confirmed by their options and also choices in very carefully regulated experiments, are irregular. They have a tendency to blow up of their activities or postpone since they put better significance (i.e., higher “weight”) on the here and now as well as the future than on the much future. This makes the majority of people both uncertain as well as unreasonable.
Either one can not develop an experiment to carefully as well as validly examination theories as well as guessworks in business economics – or something is extremely flawed with the intellectual columns as well as designs of this area.
Neo-classical business economics has actually fallen short on a number of fronts at the same time. This several failing resulted in misery as well as the re-examination of fundamental principles and also tenets.
Consider this example of impressive concerns:
Unlike various other financial stars as well as representatives, federal governments are accorded an unique standing and also get unique therapy in financial concept. Federal government is at the same time cast as a saint, looking for to selflessly make the most of social well-being – or as the bad guy, looking for to bolster as well as raise its power ruthlessly, according to public selection concepts.
Both sights are caricatures of fact. Federal governments certainly look for to continue their influence and also raise it – yet they do so primarily in order to rearrange earnings and also seldom for self-enrichment.
Business economics likewise stopped working up until lately to make up the duty of advancement in development and also advancement. The self-control usually overlooked the certain nature of understanding sectors (where returns raise as opposed to reduce and also network impacts dominate). Therefore, present financial reasoning is woefully insufficient to manage info syndicates (such as Microsoft), course reliance, as well as prevalent surfaces.
Their hidden presumption – the chance expense of postponed usage – falls short when used past the financier’s beneficial financial life expectations. Individuals care much less regarding their grandchildren’s future than concerning their very own.
This is an issue due to the fact that numerous existing financial investments, such as the battle versus international warming, are most likely to produce outcomes just years. There is no efficient approach of cost/benefit evaluation suitable to such time perspectives.
No one appears to have a clear response. It is additionally a signal sent out to customers that a specific item is qualitative as well as helpful as well as that the marketer’s security, earnings, as well as durability are safe and secure. Advertising and marketing interacts a lengthy term dedication to a winning item by a company with deep pockets.
People might be hyper-complex as well as also multi-dimensional to be usefully caught by econometric versions. These either absence anticipating powers or gap right into sensible misconceptions, such as the “left out variable predisposition” or “reverse origin”. The previous is worried about essential variables unaccounted for – the last with mutual causation, when every reason is likewise triggered by its very own result.
Economic experts are merely not certain what specifically comprises their subject issue. Is business economics regarding the building as well as screening of designs in conformity with specific standard presumptions?
On the one hand, patterns based upon minimal – or, even worse, non-recurrent – collections of information develop a doubtful structure for any type of type of “scientific research”. On the various other hand, versions based upon presumptions are additionally doubtful since they are bound to be changed by brand-new versions with brand-new, with any luck boosted, presumptions.
One means around this evident dilemma is to place human cognition (i.e., psychology) at the heart of business economics. Presuming that being human is a knowable as well as unalterable consistent – it ought to be open to clinical therapy. “Prospect concept”, “bounded rationality concepts”, and also the research study of “knowledge predisposition” in addition to various other cognitive shortages are the results of this strategy.
To certify as scientific research, financial concept should please the adhering to collective problems:
All-inclusiveness (anamnetic)– It needs to include, incorporate, as well as integrate all the truths learnt about financial behavior.
Comprehensibility– It needs to be sequential, causal and also organized. It needs to discuss, as an example, why a particular financial plan results in particular financial results – and also why.
Its below-” systems” can not oppose one an additional or go versus the grain of the major “concept”. It has to additionally be regular with the observed sensations, both those associated to business economics and also those relating to non-economic human behavior.
Sensible compatibility– It should not break the legislations of its inner reasoning and also the guidelines of reasoning “available”, in the real life.
Insightfulness– It needs to cast the acquainted in a brand-new light, mine patterns and also regulations from large bodies of information (” information mining”). Its understandings need to be the unavoidable final thought of the reasoning, the language, as well as the development of the concept.
Visual– Economic concept has to be both possible and also “best”, attractive (visual), not difficult, not unpleasant, not alternate, smooth, and so forth.
Parsimony– The concept has to use a minimal variety of entities and also presumptions to clarify the optimum variety of observed financial behaviors.
Informative Powers– It has to describe the behavior of financial stars, their choices, as well as why financial occasions establish the method they do.
Anticipating (prognostic) Powers– Economic concept should have the ability to forecast future financial occasions as well as patterns along with the future practices of financial stars.
Authoritative Powers– The concept has to produce plan prescriptions, similar to physics returns modern technology. Financial experts have to establish “financial modern technology” – a collection of devices, plans, guidelines, as well as devices with the power to alter the” financial globe”.
Enforcing– It has to be pertained to by culture as the better and also directing arranging concept in the financial round of human practices.
Flexibility– Economic concept have to have the innate capacities to self arrange, restructure, provide space to arising order, suit brand-new information pleasantly, and also prevent stiff responses to strikes from within as well as from without.
Several present financial concepts do not satisfy these collective requirements and also are, hence, just pietistic stories.
Satisfying the above problems is not sufficient. Scientific concepts should additionally pass the vital difficulties of testability, verifiability, falsifiability, refutability, and also repeatability. Lots of economic experts go as much as to suggest that no experiments can be made to examine the declarations of financial concepts.
It is hard – probably difficult – to check theories in business economics for 4 factors.
Moral– Experiments would certainly have to entail human topics, oblivious of the factors for the experiments as well as their purposes. Often also the extremely presence of an experiment will certainly have to stay a trick (as with dual blind experiments).
Style Problems – The style of experiments in business economics is tough as well as unpleasant. Blunders are commonly unpreventable, precise as well as nevertheless cautious the developer of the experiment is.
The Psychological Uncertainty Principle– The present frame of mind of a human topic can be (in theory) totally understood. The flow of time and also, often, the experiment itself, affect the subject and also modify his or her psychological state – an issue understood in financial literary works as “time disparities”. The extremely procedures of dimension as well as monitoring affect the subject and also alter it.
Individuality– Experiments in business economics, as a result, have a tendency to be distinct. They can not be duplicated also when the SAME topics are included, merely due to the fact that no human topic continues to be the very same for long. Duplicating the trying outs various other topics casts unsure the clinical worth of the outcomes.
The undergeneration of testable theories– Economic concepts do not create an enough variety of theories, which can be based on clinical screening. This involves the incredible (i.e., narration) nature of the technique.
If particular architectural, interior restraints as well as needs are fulfilled– a declaration in business economics is considered to be real also if it does not please outside (clinical) needs. Hence, the common concept of energy is taken into consideration legitimate in business economics in spite of frustrating empirical proof to the contrary – merely due to the fact that it is mathematically hassle-free as well as visual.
What are financial “concepts” excellent for?
Economic “concepts” as well as stories use an arranging concept, a feeling of predictability, justice, and also order. Business economics aims to respond to the “why’s” as well as “exactly how’s” of our everyday life. In particular methods, it is similar to faith.
In its catechism, the follower (allow’s state, a political leader) asks: “Why … (and also right here adheres to a financial trouble or practices)”.
The financial expert solutions:
“The scenario resembles this not due to the fact that the globe is whimsically vicious, unreasonable, as well as approximate – yet due to the fact that … (and also below adheres to a causal description based upon a financial design). If you were to do this or that the circumstance is bound to enhance”.
The follower really feels guaranteed by this description and also by the specific affirmation that there is hope giving he adheres to the prescriptions. His idea in the presence of straight order as well as justice carried out by some supreme, transcendental concept is recovered.
This feeling of “order” is additionally improved when the concept returns forecasts which happen, either due to the fact that they are self-fulfilling or due to the fact that some genuine “regulation”, or pattern, has actually arised. Unfortunately, this takes place hardly ever. As “The Economist” keeps in mind gloomily, economic experts have one of the most frustrating document of fallen short forecasts – as well as prescriptions.

Therefore, present financial reasoning is woefully insufficient to deal with details syndicates (such as Microsoft), course dependancy, as well as prevalent surfaces.
Their hidden presumption – the possibility price of postponed usage – falls short when used past the financier’s valuable financial life expectations. Numerous economic experts go as much as to suggest that no experiments can be created to examine the declarations of financial concepts.
The flow of time and also, occasionally, the experiment itself, affect the subject as well as modify his or her psychological state – a trouble understood in financial literary works as “time variances”. Economic “concepts” as well as stories provide an arranging concept, a feeling of justice, order, and also predictability.

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Achievement in Meridian, ID… $15,500.00 in Business Revenue financing!

Our client obtained $15,500.00 in Business Revenue financing. This financing was a boost for the company and a help to their continued success.

Using the client’s consistent cash flow we were able to provide this opportunity for financing.

Congratulations Ron and your team; we are happy to be part of this success!

Click Here to see how much funding you can get for your business.

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Why Owners Opt for Small Business Credit Cards

Why Owners Opt for Small Business Credit Cards The small company bank card market is a quickly expanding market in the economic solutions market. If you are preparing to look for local business charge card, see exactly how your factors compare to those of various other organisation charge card owners: · Business bank card give …

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Why Owners Opt for Small Business Credit Cards

Achieve Perfect Productivity and More! –10 Brilliant Business Tips of the Week

The Hottest and Most Brilliant Business Tips for YOU – Perfect Productivity Can Be Yours – and More

Stop making stupid decisions and start powering up your business. Demolish your business nightmares and start celebrating as your business fulfills its promise.

And these brilliant business tips are all here for free! So settle in and scoop up these tantalizing goodies before your competition does!

#10. Love the ‘Gram

Our first jaw-dropping tip is all about marketing your business on Instagram. Noobpreneur tells us it’s better to talk to your customers than just blast them with sales messages. And we agree with that! Consider, if you will, why you follow a company on Instagram or any other social media platform.

It’s probably for something like – coupons, contests, information/training, or job openings. Most of us aren’t following, say, Coca-Cola, because we feel like watching or reading or listening to an ad. We see enough of those, day in, day out.

So stand out by showcasing something different.

#9. Multiply the Value of Every Customer

The next awesome tip is about selling more to existing customers. G2 has the details. Some of these should be fairly familiar. For example, the idea of upselling or offering cross-selling is nothing new. Upselling can be if you offer an extra something or other when the customer is ready to check out. This is something you base on what they have in their shopping cart.

Cross-selling is bundling – we’re used to seeing it with cable TV. Your customer is buying shoes, so they might also need socks. You get the idea.

But our favorite tip was seemingly counterintuitive.

Downselling.

Say what?

Offer Less to Keep the Prospect Interested

What an interesting concept. When customers abandon their shopping carts, over half the time it’s due to price. So why not offer them lower-priced items in your cart abandonment emails? Or coupon codes or discounts or the like – any of these can work.

Once you’ve proven yourself and your company to your customers, they might be inclined to buy that more expensive item anyway.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Perfect productivity can be yours.

#8. An Awesome Business Plan is But a Week Away

Our following life-changing tip concerns writing a killer business plan in just about no time. Succeed As Your Own Boss says you’re looking for quality, and not quantity.

We really loved the first two tips. One was to look at problems as business opportunities. And the other was an old chestnut – know your customers.

A Fer-Instance

Let’s say the problem you’ve identified in the world is how easy it is for umbrellas to turn inside out in high winds. We all know what happens – people toss out the old brolly and buy a replacement. No biggie, yes?

Well, what happens if we suggest a different outcome? Our reinforced umbrella is probably going to cost more, at least to start. And it may be heavier than your garden variety umbrella. So who are our customers? People with some money and some upper arm strength. Hence our customers might not be the elderly or people with disabilities. At least, not yet.

Once you understand both these things, you start to have a clue about the framework of your business plan.

Of course, this example is simplistic. But there’s no reason you can’t do something similar when figuring out your own business plan.

Oh, and business plans can be changed. So don’t sweat it if oh my goodness your business is expanding and the plan no longer fits.

Just change the plan.

#7. Deals – Faster Than the Speed Of Business

For our next sensational tip, we looked at streamlining your deal flow. Mail Shake lays it all out for us. We were so pleased that the first task is research! After all, how can you understand your prospect if you don’t take even the minimal amount of time to get to know what motivates them? What do they want? And what will turn them right off?

True Story

So this probably doesn’t apply to most people, but what the hey. Your intrepid blog writer does not have children – and none planned. Hence, this is a minority position.

As a result, when talking to a sales person, being told something or other is good for my utterly mythological children is quite the turn off. Now, I don’t expect most sales people to have any idea about this nugget of information about me. Rather, what I expect is for sales to take into consideration that it’s possible they would encounter a member of my type of minority.

Or consider vegans buying a barbecue grill to cook fruit and vegetables (try corn on the cob and pineapple – they’re particularly awesome). And then the sales person goes through a whole spiel all about, you guessed it, cooking steaks on the grill.

You can imagine how well something like that is going to go over, eh?

Outreach, Engagement, and Closing

So these are the three other parts of a streamlined deal flow. The article has wonderful suggestions on how to stand out in these three areas. We recommend reading the article for the details.

#6. Tick Tock

This tip is so neat, and it works! Proof Hub notes that you don’t have to make time management mistakes.

So quit procrastinating!

It’s not so simple. Totally understood.

The article gives some ideas as to why we may be procrastinating. And their #9 is a doozy – you didn’t do the hardest thing first.

This makes a great deal of sense to us. But … we have a caveat to this.

Way Back When…

You know the old saying, “you have to kiss a lot of frogs before you find your prince?” That was your intrepid blog writer and jobs, at times. So I’ve been on a ton of job interviews. One question which came up more than once was, what do you do when you’ve got 3 hours’ worth of work but only 2 hours in which to do it in?

Tackling the hardest thing first is admirable, and it may even be rewarding. But it’s not necessarily the best way to get started – at least not in that particular scenario. In that instance, the first thing to do is anything which can make it easy or even possible for you to hand off some of that work to a fellow team member.

Because two people working for an hour and a half is about the same as one person working three hours. And then the work gets done. Pro tip – pointing out that this is a scenario which should be rare will never get you the job. Even though it’s true!

Back to Procrastinating

We also liked the fourth tip, which points out that not making an effort to get past procrastination is a problem. Well, yeah.

So do what it takes, if it means setting up a nanny-style app to keep you off the internet or setting an alarm or whatever. And remember: whenever you’re done with whatever it was you were procrastinating over; you’re going to feel an incredible sense of relief.

So get cracking! No, not after another game of solitaire.

#5. Perfect Productivity Isn’t Just Some Pipe Dream

Grab this mind-blowing tip while it’s hot!

Perfect productivity. It’s the Holy Grail, isn’t it? Resume.io tells us there are a few things we can stop doing the moment we get to work. One which we really liked – two actually – was to turn off your browser for the first half hour or so. And don’t open email then, either.

So, what should you be doing instead? The article also says to not go into a meeting first thing, either. And you shouldn’t be multitasking.

So, er, what are you supposed to be doing? Concentrating on … something.

Writers Unite for Perfect Productivity!

This works rather well for us writerly types. Turning off the world for a while so the work can get down is awesome. And being able to hear yourself think is key.

Of course if you need to check the internet to get your writing done, then you’re kind of out of luck. Like your intrepid blog writer. So we feel that’s a bit impractical. Still, it can help to at least restrict where you go or you can go. Hence you may need to get creative and block Facebook on a temporary basis, at least until you’ve done your first thing-type work.

Quelle horreur!

Heh, you’ll get over it.

Pro Tip for Perfect Productivity!

Sometimes utter silence can be as distracting as a beehive of an office. So here’s what your intrepid blog writer does – I listen to music. More specifically, 80s music. Now, this is where working from home comes in mighty handy. Coworkers aren’t subject to my need to sing along with Morrissey. The neighbors, however, are not so lucky.

Uh, sorry ‘bout that.

So it might work for you to sometimes turn on music. It’s usually best if it’s something you already know, so you’re not carefully listening to see if you like it. Some people report instrumentals are better, and classical can be great. You do you, whatever works best for your own personal perfect productivity.

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Perfect productivity can be yours.

#4. Promo and Then Promo Again

Check out this spectacular tip, all about unconventionally promoting your company blog. Freelancers Union says there are methods your competition probably hasn’t heard of.

Our favorite was Quora spaces. We had never heard of them – and we’ve been on Quora! So the concept behind the spaces is to allow people to categorize themselves. Want to just talk to company founders? You can.

Another tip we liked was creating teaser content. So rather than just promoting a post after it’s gone live, why not hype it beforehand?

But one thing we’ve observed wasn’t mentioned – if you tease too much, and you don’t really produce well enough to live up to the hype, people are going to stop falling prey to your teasing. So make sure you don’t overdo it.

#3. Harness the Power of the Google Snippet

It’s not your imagination: this winning tip can help you get more prospects from Google search snippets. Conversion XL has the lowdown. First off, before continuing – read the entire article! Yes, it’s that terrific.

But our favorite tip was something perhaps a bit unexpected. It’s using your meta description and other parts of your blog posts strategically. See, the meta description is the part you see in Google under the URL (note: you may see something else – this tip covers both). Now, you will most likely add your keyword phrase anyway. But why not add synonyms? Of course, you want to be writing this for a person. Don’t stuff keywords! Or even their synonyms.

Just … don’t.

But you can use strategic similar words without appearing obnoxious and overly salesy. Hence if your blog post is on over the road trucking, then you can maybe add related words like trucker, highway, or driving.

An Example

Looking for an over the road trucking company? Our truckers love driving down the open highway and they want to drive your cargo.

Okay, so it looks kind of lame. But it fits the criteria well. So, why do you want to do this?

Easy – when your prospects ask a question on Google, the matching words will show up in your Google snippet, in bold.

Where can I find an over the road trucking company? What’s a good company to get my cargo down the highway? Do I need professional truckers to handle my cargo?

These inquiries could all potentially bring your content to the top of search results. And even better, the matching words will pop.

#2. Spy on Your Competition’s Top Landing Pages

Our second to last unbeatable tip can give you a new perspective on gaining insights from your competition’s top landing pages. SEM Rush tells us that there are any number of insights you can glean from checking these pages. These pages, by definition, are what a prospect or customer gets to when they click from somewhere else.

Now keep in mind, this article is essentially a demonstration of how the SEM Rush product works. But the insights are still of some value. So try it yourself. But how?

Do a Little Detective Work

Have you ever shopped at your competition’s store? Whether online or in person, it’s a way to get an idea of the lay of the land. What do they offer? And what catches customers’ eyes?

You would probably disguise yourself if you were going in person – or you would hire someone to do the deed. You’re looking, although you might buy something to see how they do with checking people out. Heck, you could even try returning something and seeing how that goes.

There’s no reason whatsoever why you can’t do something similar online. You can also do this with search. If you are a residential real estate agent working in (for example) Philadelphia, then a search for Philadelphia real estate agent gets you where, exactly? What happens when you click through? And what happens if you use a variant of this search, like Philadelphia realtor or Main Line real estate agent?

Which page comes up? What are you served? And what does it seem is supposed to happen? Do you get information, or fill a shopping cart?

While doing this manually can’t get you metrics, and it’s slow, it can still get you some insights. Try it!

#1. You Can Imagine How Great it is to Understand How and When to Use Persuasive Words

We saved the best for last. For our favorite remarkable tip, we focused on the best persuasive words and phrases. Sales Hacker says there are words which spur sales, and others which close wallets.

And one of the most important things you can do is something so many of us do so little of – listen. We strongly encourage you to read the entire article, as it is that good. Oh, and check out how much we implemented in the title for this tip…

So which one of our brilliant business tips was your favorite? And which one will you be implementing now?

If you are as passionate about succeeding in business as we are, please help us spread the word about how to take the plunge and save time and money – and your sanity! Perfect productivity can be yours.

The post Achieve Perfect Productivity and More! –10 Brilliant Business Tips of the Week appeared first on Credit Suite.

Happiness was achieved…. $61,400.00 in unsecured business cards.