Let me get a show of hands

August 21, 2013 by  
Filed under Featured Articles, Front Page

English: Picture of the Bandit Wallet, invente...

English: Picture of the Bandit Wallet, invented by Richard Rusnack and Drew Friestedt (Photo credit: Wikipedia)

Let me get a show of hands……….

I often hear people engage in conversation about how so long are the days of people genuinely caring for one another and just doing random acts of kindness.  Can I tell you that good deeds still exist?  How many of you truly believe that there is still goodness out there?  Let me get a show of hands.  You know on a regular basis we are consumed with all the bad or let me stop there and say situations that are not so ideal that occur in the world.  I want to share a GREAT DEED that happened on this past Saturday.

I had the pleasure of attending the Black Book Festival in LA.  The day was beautiful.  The time was just right.  I met an amazing group of individuals.  There were some future connections that had been made that day.  I was looking forward to the real relationships that would soon be established as a result of attending the festival.  I had the honor of speaking on Crowd Funding which I am very passionate about.

After the festival had concluded there was a woman who was walking back to her car.  She was getting ready to head home.  She decided to make a quick phone call.  This woman was engaged in a conversation on the phone with a confidant that she often shares life stories with.  The woman shared how the details of the festival and all that had taken place.  On the way to her car with the phone still in hand, she stumbled upon a wallet.   This wallet was in plain view.  There was a wallet but no owner to the wallet anywhere around.  There were several rows of cars.  It was practically deserted.  It was just the woman and the wallet.  It was very quiet.  There was one single family that was walking towards the Los Angeles Convention Center.

The woman bent down to pick up the wallet.  Her thoughts went to I wonder where the owner is located?  Could he/she be at a restaurant?  What if they were stranded without gas?  The woman began searching.  She tried looking for clues as to the car of the owner.  She wanted to find the owner and return that which was lost.  Where was the owner?  There was only one answer to that question so we will have to resume answering thattomorrow.  Remember what I always say.  Ignoring one’s conscious is neither safe nor right.  I will see you next time.  ~ Dr. Letitia Wright

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How to effectively use credit cards in business

Credit Card

Credit Card (Photo credit: 401(K) 2013)

How to effectively use credit cards in business

by Ross Tav

An entrepreneur must use credit and use it wisely. With credit cards, the business owner can enjoy plenty of benefits without much risk. Here is a quick guide for listing the benefits of using a credit card for a business.

Cash flow

When running a company, one must understand the importance of solid cash flow. In fact, this is the most important financial aspect of a small business. With a credit card, one can pay for goods and services future. Remember, when receiving the bill, a person has up to three weeks to make the payment without paying any interest.

Points

A credit card company usually offers cash back or points. For a big spender, the points can add up quickly. The great thing about rewards programs is that there are plenty of options. A business owner can collect airline miles via an Avios Credit Card, gift certificates to a store or even get cold hard cash. Over the months and years, this can add up to thousands of dollars in free stuff. Without a doubt, this is one of the greatest benefits to using credit, especially when a customer considers that he or she will spend money regardless of which method they use.

Interest free

When a company needs to make a large purchase, they often do not have the funds on hand. Luckily, many banks and finance companies offer customers zero percent interest credit cards. Usually, the company will offer this for a set period. Over time, this can save the company hundreds, if not thousands, of dollars in finance charges. Remember, one must make the minimum payment while carrying an interest free loan from the credit card company.

Security

 

When using a check or debit card, one will not enjoy much security. On the other hand, with a credit card, a consumer can shop online or in person without fear. This is a serious benefit as many companies have experienced fraud and have paid dearly. One must realize that when using other methods they will not recover their funds until after the investigation. With credit cards, the consumer will not be on the hook for the charges provided the charges were fraudulent.

Warranty

In trying to attract more business, some of the major issuers will extend the warranty for a product. In offering this, the bank will usually add one or two years to the manufacturers warranty. This is a nice benefit for a company that buys expensive electronic equipment. Remember, without protection, one will have problems getting their broken item repaired or replaced.

When used wisely, credit cards can help a business owner organize his or her finances and make more money. Fortunately, a new entrepreneur should have no trouble using credit wisely.

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