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Monday, November 17, 2008

About Small Business Info: Credit Card Essentials in the New Economy

About.com    Small Business Info
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  from Darrell Zahorsky
It's difficult to imagine life without them - credit cards. They have enabled the ease of transactions in business and consumer markets. On the dark side, they have been a finance crippling tool if used incorrectly. Almost 50% of small businesses are relying on credit cards in tough times, according to a recent NSBA survey. New legislation is being crafted to help small business better manage credit cards. While the bill revision for greater transparency is pending, we have put together some helpful hints on how to better manage your business credit cards.

 
In the Spotlight
6 Steps to Effective Business Credit Card Management
With the growing popularity of small business credit cards and ever changing interest rates, now is the time to learn the 6 steps to effective small business credit card management

 
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How to Reduce Your Risk of Credit Card Fraud
The explosion in credit card fraud is costing businesses more than consumers. Reason being is consumers enjoy plenty of built-in protections and legal remedies against of credit card fraud. Charges made on stolen credit cards held by individuals are routinely dismissed by credit card companies and consumer credit accounts can be shut down within minutes of a card holder having discovered a lost or stolen card. Unfortunately, someone has to pay -- and in this case, it's the merchants. Learn how to reduce your risk.

 
Be Careful When Using Credit Cards to Fund a New Business
For many new entrepreneurs, funding a business means borrowing money. It may be only a small amount, or it may require hundreds of thousands of dollars. An increasing tend, especially with smaller home-based businesses is the use of credit cards to fund a startup. While with proper use they can be a great tool, there are many things to watch out for.

 
 
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