Question about business
How do I start a successful retail business?I need assistance to get my questions answered regarding starting a retail business:
1. Which retail business would be best to start and why: a) Specialty retail business or b) Mail order business?
2. Which type of business is more predictable and does not change often: Specialty retail or mail order?
3. Many people say that PASSION is important when it comes to starting a business because the owner will have to work long hour to make his or her business a success. I agree with that but can you explain to me why there are many people out there who started their successful businesses outside their PASSION?
4. How can I choose products and services to sell that fit my personality and are part of my values?
5. I took a Myers-Briggs personality test and the result of the test shows that my personality type is an ISFJ (Introverted, Sensing, Feeling, Judging). Would someone like me who possess this personality type can become successful in operating his or her retail business?
Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market- the business owners or business executives-it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.
What is a business credit card?
Basically, business credit card is for the business people’s consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.
Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.
Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.
Simplifying business credit cards
It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards. When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.
Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.
Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.
Among the so many varieties of credit cards, one of the most underestimated is the value of a business credit card. Many people do not choose to apply for a business credit card because aside from having a definite target market- the business owners or business executives-it seems to be complicated to use. Although a business credit card has more requirements and has higher interests compared to other types of credit cards there is, contrary to the common conception, t can be very helpful if used properly.
What is a business credit card?
Basically, business credit card is for the business people’s consumption. Compared to the regular credit card, a business credit card has a high limit plus low interest rates. Depending on the manner of choosing, a business credit card may also bring a lot of automatic benefits.
Since it is targeted towards businessmen or those people who are heading towards building a business, a business credit card can definitely benefit these small businesses. A business credit card helps the budding business by extending payments while improving the cash flow. Aside from bearing the image of a dependable credit card, business credit card boasts of having detailed reports and giving quality customer service as its major trademarks.
Aside from having limits and low interest rates, a business credit card provides many alternatives and numerous credit options for small businesses. A business credit card also caters to large corporations that are crafted to aid those people who are starting with their own business to grow while closely monitoring the baseline of credit.
Simplifying business credit cards
It really pays to go to the bank when one applies for a credit card to get the chance to answer all immediate inquiries. But since business credit card is for business people who are always on the go, many business credit card issuers offers online applications for business credit cards. When one applies for a business credit card, there is no need to visit the bank. There is also no need to wait in the queue just to talk to a bank representative. When you apply business credit card online, all you have to do is to select the business credit card option that would perfectly suit your small business or corporate credit requirements right from the comforts of your home or office. Aside from offering safe, secured, and simple processes that are designed help you take care of your starting business, most business credit cards online offer accessible features for the convenience of the business credit card holder like the online payment and reporting. Customized company logos and access to instant cash are also available on line. Other business credit card online offers detailed reporting features for easy monitoring and access.
Most business credit card applications offer free fee for the first year and no pre-set spending limit or finance charges. Other business credit card offers viable membership rewards program that enables the member to earn points towards travel, merchandise and other rewards for his or her business. Some of these business credit cards offer small businesses a line of credit up to $100,000 at a competitive APR as low as prime + 1.99% for both cash and check purchases; 100% of the line is available as cash and no collateral is required. The business credit card holder or customer might receive fee-free checks as well as a card to access the account. Everyday savings or exclusive savings, express approvals, no annual fee, up to 5 percent rebates on all qualified purchases, and 0% introductory annual percentage rate (APR) on purchases during first half of the year of card membership are some of the great offers of most business credit cards.
Although majority of the business credit card issuers offer great value deals, it is very important to research first what does your business needs. Whether your business credit card is meant for investing in inventory or just for payroll, it is significant to look for a flexible business credit card that can handle almost anything. Whether you opt to go directly to the bank or apply for a business credit card online, a number of premier business credit card suppliers are there to help you find the right credit card product as easy and convenient as possible.
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billy g
on December 30 2009
I have never heard of banks issuing credit card to sole proprietorships. You need to personally guarantee the card, so it may have a business name on it, but it will still be tied to your personal credit information.
nacao
on December 30 2009
Man thats awsome!!!! Wow! How did you do this?! It looks like a photograph!!!
mattjmiller22
on December 30 2009
Rule of thumb….if you gave the bank your social security number when you applied for the card, any activity will appear on your credit report.
guzen
on December 30 2009
*Awesome
jpro
on December 30 2009
Amazingg!
truth
on December 31 2009
D A
on December 31 2009
An LLC usually doesn't help getting credit unless it is long established and with a large amount of assets and/or profits. Your credit score, credit history, salary, and debt ratios will be used to get the credit card and you will be held personally responsible for the debts.
A LLC usually only protects you from lawsuits and not debts.
rails
on December 31 2009
OMG it looks incredibly realistic and gorgeous! And beautiful music, by the way
Bruce Tzu
on January 1 2010
As long as you use proper accounting principles and pay the proper amount of taxes — they don't care. And, no, personal expenses on a business credit card do not count as business expenses.
Credit card companies can list your statements by categories if you wish — even as a yearly printout. That may help you reconcile personal from business expenses.
.
dakeen forx
on January 1 2010
First of all you can lend me like $800.00 and you'll be okay. But your credit limit depends on you credit. If you use American Express that darn Charge card, then you are going to get something like No credit limit which looks bad on your credit score. So You might wonna go with so mething that is around $20,000. If any thing goes wrong and you are suddenly out of work or you have to shut your business then you that that thirty that you are saving and stick it on the credit card balance. Remember you won't go over tweny. You will need to provide work history, SSN, and amount you have in savings. If you have a checking account then that will also be helpful.
psychic
on January 1 2010
wow dude that’s awesome! i love it
Need to know
on January 1 2010
It depends on whether the card is completely tied to the business. Most business credit card contracts have some small print where the owner of the company signs personal resposibility if the card is defaulted on. The payments themselves are not reflected on your personal credit rating however if you default it could hit your personal rating. Check your original contract to see if they had a personal clause.
urbantool
on January 1 2010
holy fuck mannn
looks like johnny gettin high playin some pano
Min Shun C
on January 1 2010
Establish your business as a legal entity…an LLC or a Corporation, by filing Articles of Incorporation with your Secretary of State. Once that's done, you'll need to obtain your EIN (employer identification number) from the IRS.
For a complete step by step guide how to do this go to: http://www.home-based-business-development-center.com/steps-to-starting-a-business
earthlink
on January 2 2010
If you want a Lockerz invite. PM me your Email.
And I Promise I will send you a lockerz invite.
shameka b
on January 2 2010
I have been reading on line to go for a Secured CC.
and that this will help you with building business Credit..
I'm also looking into all of this. Let me know how you make out…..
Kelliah Lenae
on January 2 2010
May be this site can help you
http://www.thetechnology.net
corpo
on January 2 2010
לא יאומן!!