Wednesday, February 28, 2007

Small Business Owners It's Time to grow your Business!

If you are a Small Business Owner It is time to take your business to new highs. remember you did not go into business to make peanuts, I you can remember you went into business to make major Mullah. They are many ways which you could do that, but first you need to get the funding to take your business on the road.

I am assuming that you already have your business account opened already, many small business owner do not know this but banks will give a unsecured line of credit for your business.
The business is the borrower and your personal credit is used at the guarantee. For all the small Business clients who may have a less than perfect credit rating or who may be just starting out the may want to check on government loans through SBA, Small Business Administration, (www.sba.gov) to find out about different programs. The Unsecured line of credit is not a loan so you only pay for whatever you use. It can be used to increase cash flow, or for payroll purposes, or for new improvements to your business.

Thing of all the possiblities for your business when you increase your cash flow. What you should beware of though is the companies that promise to give you a government grants or grants for your business. They are many scams out there so be careful watch out for the ones that want to charge you to process your grant transactions. A personal theory I always follow is " If I am receiving money then I should not have to pay for it". watch out for websites being disguised as government websites, if the link does not say .gov, chances are it is a scam.

Other programs you can take advantage of for your business are Online Business Suite, which saves you money if you are an expanding business and want to do payroll. Quickbooks, and Microsoft online Business Suite are really great software that not only does payroll but will handle the day to day transactions of your business and also your taxes.

1 Comment:

Anonymous said...

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