Credit Card Processing Services: Easy, Cheap And Necessary
By Joel Walsh
Your online business needs to accept credit cards. That’s true
whether your business is the next ebay or you’re just selling
your old collectibles on ebay. You’re simply holding your
business back if you don’t accept the payment method of choice
of the internet. Sadly, many people think they won’t qualify
for a new merchant account to accept credit cards, or that it
will be too expensive or complicated. That might have been true
a few years ago, but not anymore.
Why Anyone Can Accept Credit Cards
* Low cost. In the US, the cost of accepting credit cards is
around $10-$20/month in flat fees, plus a small percentage of
your sales, called a discount rate. For an offline business,
the discount rate is as low as 1.69% (lower for debit cards).
For an online business, discount rates are as low as 2.19%.
Yes, online businesses are considered riskier and therefore are
charged more. Still, 2.19% is much less than even many offline
businesses were paying just five years ago. Non-US business
will likely pay significantly more, but likely not more than a
few hundred dollars a month and maybe a 6% discount rate.
That's still a small price to pay to build a thriving online
business.
* No upfront fees. There are now merchant account providers
that charge nothing upfront–no application fee, no deposit.
(For US businesses only.)
* No minimum number of sales. If you sell nothing in a given
month, that's fine. Your account won't be cancelled so long as
you pay a small minimum fee in lieu of transactions (usually
around $25-$35/month).
* Low credit threshold. Believe it or not, qualifying for a
merchant account to accept credit card payments is easier than
qualifying for a credit card account. Even people who have a
bankruptcy on their credit report may qualify for a merchant
account (though they'll be in a more expensive higher-risk
category). The credit check only takes a few minutes. Just give
the representative your Social Security number or EIN and you're
done. For non-US businesses, the credit check might be a little
more in-depth, but not impossibly so.
Why You Need to Accept Credit Cards
1. Prestige. Admit it: you can't be a real business if you
don't take credit cards. At least, that's how the average
consumer or entrepreneur sees it.
2. Trust. Accepting credit cards means your name, address, and
social security numbers are on file somewhere with a bank, so
you're a lot less likely to be a crook. It also means that your
customers can dispute the transaction if you don't put out the
goods.
3. Sales. Online customers make the vast majority of their
purchases with a credit card. They are not going to change
their ways for you.
4. Western Union isn't enough. Bank wires offer very little
consumer protection, so no one trusts them for paying online.
Besides, most people have never used it before, and again,
they're not going to change their ways for you.
5. PayPal isn't enough. Some people simply don't trust it.
There are entire websites devoted to horror stories with
PayPal. Other prospective customers worry about having to set
up a PayPal account to make payment. Even a slight doubt is
enough to send many visitors to the "back" button. Don't leave
room for doubt.
Why Accepting Payments Online Is Easy
* Easy-to-use gateway websites. With most merchant accounts,
you get a login on a website of a "gateway" which lets you
manage your entire account with up-to-the-minute information.
It's very similar to online banking.
* Technical support. Most merchant account providers offer
telephone and email technical support to help you figure out
how to use your account, including how to integrate it with
your website. Tip: choose a provider with 24/7/365 technical
support over the phone–and that doesn't charge an additional
fee.
* Preconfigured shopping carts and web payment forms. You won't
have to do anything to your website if you opt to use a shopping
cart of payment form that's already been set up by your payment
processor. Just link to it from your website and you're done.
Why Applying to Accept Credit Cards Is Easy
* Online and telephone applications. You don't have to mail
anything.
* Fast. You can apply for a merchant account to accept credit
cards in the morning and be taking payments in the afternoon.
* No contract. Some credit card merchant account providers do
not require an annual contract (for US businesses). The
arrangement is strictly month-to-month. Of course, there are
still companies that will try to lock you into a year-long
contract, so be careful.
See how easy it is to take credit card payments? Don't wait any
longer. Apply for a credit card merchant gateway today. It's
easy to do, and your business needs it. Once you're taking
credit card payments, you won't be be just like a real
business–you will be a real business.
About the Author: Joel Walsh is owner of the website
http://UpMarketMerchant.com. Get more information about credit
card processing services: http://www.UpMarketMerchant.com
[Publish this article on your website! Requirements: 1. Live
link for above URL/web address. 2. Link anchor text: "credit
card processing services"]
Source: http://www.isnare.com
Friday, July 27, 2007
Tuesday, July 24, 2007
Credit Card Equipment Leasing and Supplier in US
How To Survive In A Plastic World, Qualifying For Credit Card.
By Www.creditandyou.com
Let’s face it, having credit is no longer a choice. “Don’t
leave home without it” is more like “can’t buy a home without
it.” Your credit now determines the neighborhood you live in,
the kind of car you drive and, sometimes, even whether or not
you get a particular job.
Credit cards are great financial tools and the convenience they
provide is beyond question
They are easier to carry than cash and offer valuable consumer
protection under federal law.
Establishing A Good Credit History
Suppose you haven’t financed a car loan, a computer or some
other major purchase. How do you begin to establish credit?
First, consider applying for a credit card issued by a local
store and use it responsibly. Ask if they report to a credit
bureau, most major department stores do. If they do and if you
pay your bills on time you’ll establish a good credit history.
Second, consider a secured credit card. A secured credit card
requires that you open and maintain a bank account or other
asset account at a financial institution as security for your
line of credit. Your line of credit will be a percentage of your
deposit, typically from 50 to 100 percent. Credit card
application and processing fees are not uncommon for secured
credit cards. In addition, secured credit cards usually carry
higher interest rates than traditional no secured credit cards.
What To Do When You Are Denied A Credit Card
If you’re turned down for a credit card, it is important that
you ask why. It may be that you haven’t been at our current
address or job long enough, or that your income doesn’t meet the
issuer’s criteria. As you’ll discover, different credit cards
companies have different standards. But, if you are turned down
by several companies, that may indicate that you are not ready
for a credit card.
On the other hand, if you’ve been denied a credit card because
of information supplied by a credit bureau, federal law requires
the creditor to give you the name, address and telephone number
of the bureau that supplied the information. If you contact that
credit bureau within 60 days of receiving the denial, you are
entitled to a free copy of your report.
It is extremely important that you dispute any inaccuracy with
the credit bureau, but also with the company that furnished the
information to the credit bureau. No one is going to make
corrections on your behalf.
“Credi-quette” --The Miss Manners Guide To Proper Credit Card
Handling
Once you get a card in the mail, sign it immediately so no one
else can use it. Note that the accompanying papers have
important information, such as customer service telephone
numbers in case you have questions or your card is lost or
stolen. File this information in a safe place – one that is easy
for you to access.
Call the card issuer to activate the card. Most cards come with
stickers affixed that give you a telephone number to call. Many
issuers require this step to minimize fraud and to give you
additional information.
Keep your account information to yourself. Never give out a
credit card number or expiration date over the phone unless you
know who you’re dealing with. A criminal can use this
information to steal money from you, or even assume your credit
identity.
Keep copies of sales slips and compare charges when your bill
arrives. Promptly report in writing any questionable charges to
the card issuer.
Don’t lend your card to anyone, even a friend. Your credit
privileges and history are too precious to risk.
Credit Card Land Mines – Watch Your Step!
While a credit card makes it easy to buy something now and pay
for it later, you can lose track of how much you’ve spent by the
time the bill arrives if you’re not careful. And if you don’t
pay your bill in full, you’ll probably have to pay finance
charges on the unpaid balance. What’s more if you continue to
charge while carrying an outstanding balance , your debt can
snowball.
Before you know it, your minimum payment is only covering the
interest. If you start having trouble repaying the debt, you
could tarnish your credit report. And that can have a sizable
impact on your life. When a negative report makes it more
difficult to finance a car or home, get insurance or even get a
job, it can be frustrating, embarrassing and downright painful.
About the Author: To find out: additional rights you have as a
credit card user, how to get your first credit card, easy steps
anyone can take to repair there credit report, the different
types of credit cards accounts, and how to find out if your
getting the best credit card deal visit:
http://www.creditandyou.com/creditcards.html it’s a free
information website!
Source: http://www.isnare.com
By Www.creditandyou.com
Let’s face it, having credit is no longer a choice. “Don’t
leave home without it” is more like “can’t buy a home without
it.” Your credit now determines the neighborhood you live in,
the kind of car you drive and, sometimes, even whether or not
you get a particular job.
Credit cards are great financial tools and the convenience they
provide is beyond question
They are easier to carry than cash and offer valuable consumer
protection under federal law.
Establishing A Good Credit History
Suppose you haven’t financed a car loan, a computer or some
other major purchase. How do you begin to establish credit?
First, consider applying for a credit card issued by a local
store and use it responsibly. Ask if they report to a credit
bureau, most major department stores do. If they do and if you
pay your bills on time you’ll establish a good credit history.
Second, consider a secured credit card. A secured credit card
requires that you open and maintain a bank account or other
asset account at a financial institution as security for your
line of credit. Your line of credit will be a percentage of your
deposit, typically from 50 to 100 percent. Credit card
application and processing fees are not uncommon for secured
credit cards. In addition, secured credit cards usually carry
higher interest rates than traditional no secured credit cards.
What To Do When You Are Denied A Credit Card
If you’re turned down for a credit card, it is important that
you ask why. It may be that you haven’t been at our current
address or job long enough, or that your income doesn’t meet the
issuer’s criteria. As you’ll discover, different credit cards
companies have different standards. But, if you are turned down
by several companies, that may indicate that you are not ready
for a credit card.
On the other hand, if you’ve been denied a credit card because
of information supplied by a credit bureau, federal law requires
the creditor to give you the name, address and telephone number
of the bureau that supplied the information. If you contact that
credit bureau within 60 days of receiving the denial, you are
entitled to a free copy of your report.
It is extremely important that you dispute any inaccuracy with
the credit bureau, but also with the company that furnished the
information to the credit bureau. No one is going to make
corrections on your behalf.
“Credi-quette” --The Miss Manners Guide To Proper Credit Card
Handling
Once you get a card in the mail, sign it immediately so no one
else can use it. Note that the accompanying papers have
important information, such as customer service telephone
numbers in case you have questions or your card is lost or
stolen. File this information in a safe place – one that is easy
for you to access.
Call the card issuer to activate the card. Most cards come with
stickers affixed that give you a telephone number to call. Many
issuers require this step to minimize fraud and to give you
additional information.
Keep your account information to yourself. Never give out a
credit card number or expiration date over the phone unless you
know who you’re dealing with. A criminal can use this
information to steal money from you, or even assume your credit
identity.
Keep copies of sales slips and compare charges when your bill
arrives. Promptly report in writing any questionable charges to
the card issuer.
Don’t lend your card to anyone, even a friend. Your credit
privileges and history are too precious to risk.
Credit Card Land Mines – Watch Your Step!
While a credit card makes it easy to buy something now and pay
for it later, you can lose track of how much you’ve spent by the
time the bill arrives if you’re not careful. And if you don’t
pay your bill in full, you’ll probably have to pay finance
charges on the unpaid balance. What’s more if you continue to
charge while carrying an outstanding balance , your debt can
snowball.
Before you know it, your minimum payment is only covering the
interest. If you start having trouble repaying the debt, you
could tarnish your credit report. And that can have a sizable
impact on your life. When a negative report makes it more
difficult to finance a car or home, get insurance or even get a
job, it can be frustrating, embarrassing and downright painful.
About the Author: To find out: additional rights you have as a
credit card user, how to get your first credit card, easy steps
anyone can take to repair there credit report, the different
types of credit cards accounts, and how to find out if your
getting the best credit card deal visit:
http://www.creditandyou.com/creditcards.html it’s a free
information website!
Source: http://www.isnare.com
Credit Card Equipment Leasing Leasing and Supplier in US
Credit Card Debt – Watch Your Credit Report And Your Bill
By Charles Essmeier
Most consumers are aware of the importance of their credit
report. This document, offered to consumers and lenders by the
three major credit bureaus, offers a fairly complete list of
financial transactions and debts incurred by a consumer.
Lenders examine the report, along with the associated FICO
score, to determine whether a consumer is worthy of receiving
additional credit or loans. What many consumers may not know is
that credit card companies regularly check their credit reports,
and unfavorable entries may result in a higher interest rate on
their credit cards.
We have previously noted that many credit card companies employ
something known as a “universal default clause” in their terms
of service. This clause allows the company to raise interest
rates on the customer’s card if the customer pays bills late. A
late payment to the phone company could result in a higher
interest rate on the Visa card. Most companies also allow
themselves the latitude to raise their customers’ interest
rates for any reason at all. With this in mind, the credit card
companies tend to run occasional credit checks on their
customers, often raising rates if they notice any activity
that, in their opinion, makes the customer a higher risk. This
might happen even if the customer has a history of paying his
or her credit card bills on time.
The sorts of things that may create a “risky” client include
taking out additional loans, additional credit cards, or
building balances on existing cards to at or near their limits.
The companies justify this activity by saying that consumers who
do these things create greater risk for the lender, and these
costs must be passed on to all of their customers. The problem
for the customer is that these higher interest rates are often
assigned without warning. The new rate applies to existing
balances, too. An interest rate hike today could mean that the
television you bought last fall has suddenly become more
expensive.
What can consumers do? Keep an eye on your credit card bill and
your credit report. You can receive a copy of your credit
report, for free, at http://www.annualcreditreport.com. As for
your credit card bill, watch the interest rate. If it abruptly
changes to a higher rate, call your credit card issuer and ask
them about it. They will often reduce the rate if you call and
complain. If not, your only option may be to shop around for
another card.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling.
Source: http://www.isnare.com
By Charles Essmeier
Most consumers are aware of the importance of their credit
report. This document, offered to consumers and lenders by the
three major credit bureaus, offers a fairly complete list of
financial transactions and debts incurred by a consumer.
Lenders examine the report, along with the associated FICO
score, to determine whether a consumer is worthy of receiving
additional credit or loans. What many consumers may not know is
that credit card companies regularly check their credit reports,
and unfavorable entries may result in a higher interest rate on
their credit cards.
We have previously noted that many credit card companies employ
something known as a “universal default clause” in their terms
of service. This clause allows the company to raise interest
rates on the customer’s card if the customer pays bills late. A
late payment to the phone company could result in a higher
interest rate on the Visa card. Most companies also allow
themselves the latitude to raise their customers’ interest
rates for any reason at all. With this in mind, the credit card
companies tend to run occasional credit checks on their
customers, often raising rates if they notice any activity
that, in their opinion, makes the customer a higher risk. This
might happen even if the customer has a history of paying his
or her credit card bills on time.
The sorts of things that may create a “risky” client include
taking out additional loans, additional credit cards, or
building balances on existing cards to at or near their limits.
The companies justify this activity by saying that consumers who
do these things create greater risk for the lender, and these
costs must be passed on to all of their customers. The problem
for the customer is that these higher interest rates are often
assigned without warning. The new rate applies to existing
balances, too. An interest rate hike today could mean that the
television you bought last fall has suddenly become more
expensive.
What can consumers do? Keep an eye on your credit card bill and
your credit report. You can receive a copy of your credit
report, for free, at http://www.annualcreditreport.com. As for
your credit card bill, watch the interest rate. If it abruptly
changes to a higher rate, call your credit card issuer and ask
them about it. They will often reduce the rate if you call and
complain. If not, your only option may be to shop around for
another card.
About the Author: ©Copyright 2005 by Retro Marketing. Charles
Essmeier is the owner of Retro Marketing, a firm devoted to
informational Websites, including http://www.End-Your-Debt.com,
a site devoted to debt consolidation and credit counseling.
Source: http://www.isnare.com
Friday, July 20, 2007
Credit Card Equipment Leasing and Supplier in US
Top Credit Card Mistakes
By Sandra Lovelace
When you’re dealing with credit cards, you’re playing with
fire. Unfortunately, there are plenty of people out there who
don’t realise that, and make all sorts of dangerous mistakes
with their credit cards every day.
Paying Late.
If you don’t set up any kind of automatic payment, then it can
be tempting to just put your credit card bill on a pile and get
to it when you have time. Before you know it, a few weeks have
gone by and you’re late. If you leave it to the deadline, you
might find that the payment won’t get there quickly enough –
it’s not a deadline for sending the money, it’s a deadline for
them receiving it.
Paying late is a big mistake for an awful lot of reasons. You
will almost certainly be charged a late payment fee, and your
late payment will go on your credit report for everyone to see.
You may also find that you lose any good rate you had, and your
debt is automatically thrown onto the very worst rate the
company offers.
To avoid late payment, you should always post your payment a
long time before the due date (at least a week). If you’ve left
it to the last minute, phone up and try to pay that way.
Being Taken in By Rewards.
It is never, ever worth getting a higher-interest card simply
because it offers some kind of loyalty points, flight miles or
whatever. Even if it offers a cash reward, it is unlikely to be
more than you would pay in extra interest – after all, why would
they give you free money? All ‘rewards’ do is pay you off with
your own money to make you feel like you’re getting something
for nothing. You’re not.
Collecting Cards.
Seeing some people opening their wallet or bag is a scary
experience. It looks like they have about a hundred credit
cards in there, some of which they haven’t used in years. They
have trouble keeping track of all the different cards, balances
and interest rates. Don’t be one of these people. You should
limit yourself to a maximum of three cards at a time – any more
starts to make you look over-committed in your credit report,
and could get you turned down for a bigger loan.
Maxing Them Out.
Your limit is just that: a limit, not a minimum! Whatever you
do, don’t get a card and immediately spend your whole limit.
This looks very bad. It is better to spend about halfway
regularly and pay it back. Wait for the company to increase
your limit (which they quickly will), and then you’ll get that
extra money without the stigma of having a maxed-out card.
Not Reading the Terms and Conditions.
Finally, as ever, don’t sign anything you haven’t read! I know
it’s hard going and you’re busy and all, but if you can’t
manage to read the terms and conditions then you shouldn’t get
the card. Pay special attention to any future increases in
rates, and what kind of fees you can be charged.
About the Author: Sandra is a credit advisor who has helped
hundreds regain their credit scores to respectable levels. Her
blog can be found online at http://www.mycredit-card.com.
Source: http://www.isnare.com
By Sandra Lovelace
When you’re dealing with credit cards, you’re playing with
fire. Unfortunately, there are plenty of people out there who
don’t realise that, and make all sorts of dangerous mistakes
with their credit cards every day.
Paying Late.
If you don’t set up any kind of automatic payment, then it can
be tempting to just put your credit card bill on a pile and get
to it when you have time. Before you know it, a few weeks have
gone by and you’re late. If you leave it to the deadline, you
might find that the payment won’t get there quickly enough –
it’s not a deadline for sending the money, it’s a deadline for
them receiving it.
Paying late is a big mistake for an awful lot of reasons. You
will almost certainly be charged a late payment fee, and your
late payment will go on your credit report for everyone to see.
You may also find that you lose any good rate you had, and your
debt is automatically thrown onto the very worst rate the
company offers.
To avoid late payment, you should always post your payment a
long time before the due date (at least a week). If you’ve left
it to the last minute, phone up and try to pay that way.
Being Taken in By Rewards.
It is never, ever worth getting a higher-interest card simply
because it offers some kind of loyalty points, flight miles or
whatever. Even if it offers a cash reward, it is unlikely to be
more than you would pay in extra interest – after all, why would
they give you free money? All ‘rewards’ do is pay you off with
your own money to make you feel like you’re getting something
for nothing. You’re not.
Collecting Cards.
Seeing some people opening their wallet or bag is a scary
experience. It looks like they have about a hundred credit
cards in there, some of which they haven’t used in years. They
have trouble keeping track of all the different cards, balances
and interest rates. Don’t be one of these people. You should
limit yourself to a maximum of three cards at a time – any more
starts to make you look over-committed in your credit report,
and could get you turned down for a bigger loan.
Maxing Them Out.
Your limit is just that: a limit, not a minimum! Whatever you
do, don’t get a card and immediately spend your whole limit.
This looks very bad. It is better to spend about halfway
regularly and pay it back. Wait for the company to increase
your limit (which they quickly will), and then you’ll get that
extra money without the stigma of having a maxed-out card.
Not Reading the Terms and Conditions.
Finally, as ever, don’t sign anything you haven’t read! I know
it’s hard going and you’re busy and all, but if you can’t
manage to read the terms and conditions then you shouldn’t get
the card. Pay special attention to any future increases in
rates, and what kind of fees you can be charged.
About the Author: Sandra is a credit advisor who has helped
hundreds regain their credit scores to respectable levels. Her
blog can be found online at http://www.mycredit-card.com.
Source: http://www.isnare.com
Wednesday, July 18, 2007
Credit Card Equipment Leasing and Supplier in US
Getting The Best Business Credit Card For Your Company
By Beth Derkowitz
If you own your own company and need to get started, a business
credit card can be just the way to manage your finances and get
the things that your office needs. But with all of the
companies out there, how do you ever choose?
What do you need?
When you’re first starting a business, your needs are much
different than if you’re already established. New businesses
need to purchase supplies and equipment, while established
businesses just need to maintain their current daily needs.
With these thoughts in mind, you can start looking for a
business credit card that will help you with whatever point
you’re at in your business.
How much do you need?
If you have a business that needs to make constant purchases,
you need to have a business credit card that has a higher limit
or no limit at all. The trick with a higher limit is that these
cards tend to expect to have the balance paid in full each
month so if your business is already established and able to do
that, then that’s a viable option. If not, you may want to look
for a business credit card that works with the growth of your
business’ needs.
What perks do you want?
Just like any other business credit card, you want to see if
there’s anything that you gain from using the card. Many
businesses like to choose a business credit card that allows
them to accumulate airline miles that can then be redeemed for
business or personal flights. You might also want to find a
business credit card that gives discounts with certain
retailers or offers a cash back incentive throughout the year.
How convenient is it?
And your business credit card needs to have a lot of
flexibility for your business needs. You might want to find out
if there are ways to use your credit card through credit card
checks or by cash advances. Some business like a credit card
that is accepted at most retailers (Mastercard and Visa are
widely accepted).
If you accidentally go over your limit, you need to know what
will happen to your account. If your credit card is stolen, you
need to be able to replace it immediately and not be responsible
for any charges that are incurred.
The point is that if your have a business credit card, you need
to be able to use it whenever and for whatever purpose your
business warrants.
About the Author: Beth Derkowitz recommends Find Credit Cards
for finding the best business credit card for your company. See
http://www.findcreditcards.org/type/business.php for more
information.
Source: http://www.isnare.com
By Beth Derkowitz
If you own your own company and need to get started, a business
credit card can be just the way to manage your finances and get
the things that your office needs. But with all of the
companies out there, how do you ever choose?
What do you need?
When you’re first starting a business, your needs are much
different than if you’re already established. New businesses
need to purchase supplies and equipment, while established
businesses just need to maintain their current daily needs.
With these thoughts in mind, you can start looking for a
business credit card that will help you with whatever point
you’re at in your business.
How much do you need?
If you have a business that needs to make constant purchases,
you need to have a business credit card that has a higher limit
or no limit at all. The trick with a higher limit is that these
cards tend to expect to have the balance paid in full each
month so if your business is already established and able to do
that, then that’s a viable option. If not, you may want to look
for a business credit card that works with the growth of your
business’ needs.
What perks do you want?
Just like any other business credit card, you want to see if
there’s anything that you gain from using the card. Many
businesses like to choose a business credit card that allows
them to accumulate airline miles that can then be redeemed for
business or personal flights. You might also want to find a
business credit card that gives discounts with certain
retailers or offers a cash back incentive throughout the year.
How convenient is it?
And your business credit card needs to have a lot of
flexibility for your business needs. You might want to find out
if there are ways to use your credit card through credit card
checks or by cash advances. Some business like a credit card
that is accepted at most retailers (Mastercard and Visa are
widely accepted).
If you accidentally go over your limit, you need to know what
will happen to your account. If your credit card is stolen, you
need to be able to replace it immediately and not be responsible
for any charges that are incurred.
The point is that if your have a business credit card, you need
to be able to use it whenever and for whatever purpose your
business warrants.
About the Author: Beth Derkowitz recommends Find Credit Cards
for finding the best business credit card for your company. See
http://www.findcreditcards.org/type/business.php for more
information.
Source: http://www.isnare.com
Monday, July 2, 2007
Credit Card Equipment Leasing and Supplier in US
Material Handling Equipment
By Jennifer Bailey
Material handling equipment is equipment that is specifically designed for mechanically handling packaged or bulky items, generally in a production, shipping or storage facility. Selecting the right material handling equipment is vital, as it affects the operating cost and operational efficiency of a factory. The material to be handled, the plant building, and the issues of urgency and safety are a few factors that affect the decision on selecting the right material handling equipment.
The equipment is designed after taking into consideration the direction, speed of movement and the level of supervision required. Normally, the equipment used for lighter loads includes wheelbarrows, trolleys and pulley blocks. Trucks, cranes and hoists, monorails and lifts are regularly used for heavy loads. In mass production facilities, conveyors, slides and chutes are also used.
Material handling equipment can be generally classified as transport equipment, positioning equipment and unit load formation equipment.
Transport equipment is used to move materials from one location to another. It includes cranes and industrial trucks. Positioning equipment is used to handle material at a single location, so that it is in the correct position for subsequent handling, machining, transport, or storage. It includes hoists and lifts. Unlike transport equipment, positioning equipment is usually used at a single workplace. Unit load formation equipment is used to maintain integrity when handling a single load during transport and for storage. It includes pallets, bags and skids.
There have been several new developments in equipment for moving stock in both factories and distribution centers. For example, Inductive-powered monorails that eliminate electrical contacts and reduce maintenance without sacrificing efficiency are now available. Several of the world?s largest lift truck suppliers have introduced models that use AC power to improve efficiency.
If one is planning to purchase material handling equipment, there are a number of material handling equipment dealers who provide custom made equipment to suit one?s needs.
Material Handling provides detailed information on Material Handling, Material Handling Equipment, Material Handling Systems, Heavy Machinery Material Handling and more. Material Handling is affiliated with Walk Through Metal Detectors .
Article Source: http://EzineArticles.com/?expert=Jennifer_Bailey
http://EzineArticles.com/?Material-Handling-Equipment&id=277211
By Jennifer Bailey
Material handling equipment is equipment that is specifically designed for mechanically handling packaged or bulky items, generally in a production, shipping or storage facility. Selecting the right material handling equipment is vital, as it affects the operating cost and operational efficiency of a factory. The material to be handled, the plant building, and the issues of urgency and safety are a few factors that affect the decision on selecting the right material handling equipment.
The equipment is designed after taking into consideration the direction, speed of movement and the level of supervision required. Normally, the equipment used for lighter loads includes wheelbarrows, trolleys and pulley blocks. Trucks, cranes and hoists, monorails and lifts are regularly used for heavy loads. In mass production facilities, conveyors, slides and chutes are also used.
Material handling equipment can be generally classified as transport equipment, positioning equipment and unit load formation equipment.
Transport equipment is used to move materials from one location to another. It includes cranes and industrial trucks. Positioning equipment is used to handle material at a single location, so that it is in the correct position for subsequent handling, machining, transport, or storage. It includes hoists and lifts. Unlike transport equipment, positioning equipment is usually used at a single workplace. Unit load formation equipment is used to maintain integrity when handling a single load during transport and for storage. It includes pallets, bags and skids.
There have been several new developments in equipment for moving stock in both factories and distribution centers. For example, Inductive-powered monorails that eliminate electrical contacts and reduce maintenance without sacrificing efficiency are now available. Several of the world?s largest lift truck suppliers have introduced models that use AC power to improve efficiency.
If one is planning to purchase material handling equipment, there are a number of material handling equipment dealers who provide custom made equipment to suit one?s needs.
Material Handling provides detailed information on Material Handling, Material Handling Equipment, Material Handling Systems, Heavy Machinery Material Handling and more. Material Handling is affiliated with Walk Through Metal Detectors .
Article Source: http://EzineArticles.com/?expert=Jennifer_Bailey
http://EzineArticles.com/?Material-Handling-Equipment&id=277211
Monday, May 14, 2007
Credit Card Equipment Leasing and Supplier in US
Credit Card Processing
By Shane Penrod
Does your company need credit card processing? It does if you
can benefit from the following:
Credit Card Processing Enhances Your Professional Status. When
customers know that you accept credit payments, they often are
more likely to pay more, return often, and tell their friends
if the service is good. This is because a company that makes
credit payment options available to clients is telling the
world that they care about customers and they are professional
enough to invest in systems that will enhance the shopping
experience for guests. No one likes that disappointed feeling
when, after browsing, you find something you want to buy but
then fail to find enough cash in your wallet to purchase it.
Writing a check may put you over the balance, and you don’t
want to take time to run to the ATM machine to withdraw the
money from savings. When customers can pay with a plastic card,
they may show their appreciation by returning again and again to
shop your store.
Credit Card Processing is Inexpensive. It depends on your
current business budget, of course, but you don’t have to sink
a lot of money into credit card processing equipment. All you
need do is get a merchant account services account, buy or
lease a credit card processing unit, and you are good to go.
Plug it in or take a wireless unit with you on the road to make
credit payments easy, fast, and secure. Plan on paying a
per-transaction fee of perhaps 25 cents or a low interest
monthly rate that may include minimums. Associated expenses may
include discount fees, gateway fees, print statement fees, and
membership costs. There may be others as well. Overall,
however, the benefits of a merchant account outweigh its costs.
Credit Card Processing is Flexible. You don’t have to be stuck
behind the cash register all day to appreciate the advantages
of a merchant account’s ability to provide credit card
processing. You can take a wireless unit from one destination
to another to let clients pay at the point of purchase rather
than wait for billing. You may want to invest in a pager that
will let you provide instant deliveries or prompt responses to
customer inquiries, some of which could lead to direct or
indirect sales with the option of credit card payments. You can
also set up an online Website to accept credit card payments
from potentially billions of customers around the world. It’s
all up to you, of course, as to what you’re ready to do in
terms of growing your company’s sales. You won’t need extra
staff to manage credit card processing, either. In fact, you
may be able to operate some credit card processing systems
automatically when you opt for the telephone payment system or
the Website option. But you will need to have a staff member
available at certain times for questions or troubleshooting
issues.
Don’t get left behind by competitors who already have merchant
account services and customers who expect them. Start browsing
now to learn more about Credit Card Processing.
About the Author: Shane Penrod is the founder of
http://www.Merchant-Account-Quotes.com Specializing in allowing
merchants the ability to shop and compare multiple quotes from
national merchant account providers. For free quotes on
merchant account rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
By Shane Penrod
Does your company need credit card processing? It does if you
can benefit from the following:
Credit Card Processing Enhances Your Professional Status. When
customers know that you accept credit payments, they often are
more likely to pay more, return often, and tell their friends
if the service is good. This is because a company that makes
credit payment options available to clients is telling the
world that they care about customers and they are professional
enough to invest in systems that will enhance the shopping
experience for guests. No one likes that disappointed feeling
when, after browsing, you find something you want to buy but
then fail to find enough cash in your wallet to purchase it.
Writing a check may put you over the balance, and you don’t
want to take time to run to the ATM machine to withdraw the
money from savings. When customers can pay with a plastic card,
they may show their appreciation by returning again and again to
shop your store.
Credit Card Processing is Inexpensive. It depends on your
current business budget, of course, but you don’t have to sink
a lot of money into credit card processing equipment. All you
need do is get a merchant account services account, buy or
lease a credit card processing unit, and you are good to go.
Plug it in or take a wireless unit with you on the road to make
credit payments easy, fast, and secure. Plan on paying a
per-transaction fee of perhaps 25 cents or a low interest
monthly rate that may include minimums. Associated expenses may
include discount fees, gateway fees, print statement fees, and
membership costs. There may be others as well. Overall,
however, the benefits of a merchant account outweigh its costs.
Credit Card Processing is Flexible. You don’t have to be stuck
behind the cash register all day to appreciate the advantages
of a merchant account’s ability to provide credit card
processing. You can take a wireless unit from one destination
to another to let clients pay at the point of purchase rather
than wait for billing. You may want to invest in a pager that
will let you provide instant deliveries or prompt responses to
customer inquiries, some of which could lead to direct or
indirect sales with the option of credit card payments. You can
also set up an online Website to accept credit card payments
from potentially billions of customers around the world. It’s
all up to you, of course, as to what you’re ready to do in
terms of growing your company’s sales. You won’t need extra
staff to manage credit card processing, either. In fact, you
may be able to operate some credit card processing systems
automatically when you opt for the telephone payment system or
the Website option. But you will need to have a staff member
available at certain times for questions or troubleshooting
issues.
Don’t get left behind by competitors who already have merchant
account services and customers who expect them. Start browsing
now to learn more about Credit Card Processing.
About the Author: Shane Penrod is the founder of
http://www.Merchant-Account-Quotes.com Specializing in allowing
merchants the ability to shop and compare multiple quotes from
national merchant account providers. For free quotes on
merchant account rates and fees, please go to
http://www.merchant-account-quotes.com
Source: http://www.isnare.com
Saturday, May 12, 2007
Credit Card Equipment Leasing and Supplier in US
Work at Home Business Ideas
By J. Stephen Pope
Here are some excellent businesses that you can
start, operate and grow from your home. All these
work at home businesses have the following desirable
features:
**Low Startup Costs
**Ease of Entry
**High Income Potential
**Home Based and Operated
**Worldwide Sales Potential
**Residual, Recurring and/or Passive Income Potential
1. Consulting
A consultant is someone expert in a field who, for a fee,
advises businesses or individuals on various matters of
concern.
Many times we tend to feel that our knowledge, skills
or abilities are nothing unique. However, many lack
those same assets and would gladly pay us for our
knowledge and services.
Although it is possible to make a living from consulting
with individuals, the big money is in performing services
for businesses.
Do you have knowledge of bookkeeping, accounting, tax or
similar business matters? Some have made excellent money
specializing in small business consulting.
Are you a computer hobbyist with business or internet
experience? You could make money in web design, internet
marketing, search engine optimization, or some other
specialty.
Some lawyers have combined their legal experience with their
love of the Internet and specialized in intellectual
property and computer law.
For further information and resources about consulting,
visit: http://www.yenommarketinginc.com/consulting.html
2. Finding
A finder is someone who, for a fee, finds something
needed by a business or individual. A finder`s fee
is the amount paid to the finder for locating what
was required.
Finder`s fees are paid for finding money (loans,
equipment leasing, et cetera), equipment (mining,
construction, et cetera), personnel, companies for
sale, locations (fast food franchises, vending
machines, et cetera) and just about anything else
that people are willing to pay for.
Simply match sellers with buyers and you can earn
finder`s fees.
For further information and resources about finder`s fees,
visit: http://www.yenommarketinginc.com/finder.html
3. Auctions
An auction is an event where items are sold to the highest
bidders. An internet auction, online auction or e-auction
is an auction where you can buy and sell items on the
Internet.
Many thousands now make their living or fortune from
selling products and services on eBay and similar auction
sites. So can you!
For further information and resources about auctions,
visit: http://www.yenommarketinginc.com/auctions.html
4. Drop Shipping
Drop shipping is a method of selling products without
stocking inventory yourself. When you make a sale you
contact the manufacturer or authorized distributor who
ships it to the customer with your invoice and shipping
label. Advantages include no warehousing, shipping, or
inventory costs.
For further information and resources about drop shipping,
visit: http://www.yenommarketinginc.com/dropship.html
5. Affiliate Programs
An affiliate or associate program is a method of selling
products on the internet through commission sales. When
someone you refer to a website buys, the company you are
an associate of (or affiliated with) pays you a commission.
In many cases, it is also possible to make money from the
efforts of people that you introduce to the affiliate program.
You can also expand your product line by joining and
promoting more than one affiliate program.
For further information and resources about affiliate programs,
visit: http://www.yenommarketinginc.com/affiliate.html
6. Webmastering
A webmaster is a an internet specialist reponsible for all
aspects of web sites.
Areas where businesses need assistance include web site
design, logo, banner or graphic design, web hosting,
e-commerce, internet marketing, web programming, scripts,
security, web site maintenance, copy writing, mailing list
management, and many other areas.
For further information and resources about webmastering,
visit: http://www.yenommarketinginc.com/webmstrbus.html
7. Self-publishing
A self-publisher creates, produces, and sells information
products. Information products may be in the form of books,
booklets, videos, audio cassettes, compact disks (CDs),
electronic books, files, databases, private websites, and
other media.
The information products that you create are unique. You
have exclusive control and ownership of your own products.
For further information and resources about self-publishing,
visit http://www.yenommarketinginc.com/selfpub.html
8. Instant Publishing
An instant publisher sells information products produced by
someone else who grants them reprint (or resale) rights.
Often self-publishers will sell such products to complement
their own information products.
For further information and resources about instant publishing,
visit http://www.yenommarketinginc.com/instantpub.html
9. International Trade
International trade involves importing and exporting.
Importing involves buying goods and services from suppliers
in another country. Exporting involves selling goods and
services to customers in another country.
For further information and resources about import-export,
visit http://www.yenommarketinginc.com/impexp.html
10. Mail Order
Mail order is a method of conducting business through the
mail. Goods and services can be sold through direct mail
(and also via catalogues, magazines, newspapers, radio,
television, web sites, and other media). Customers can order
by mail or by other means (fax, telephone, internet, et
cetera). Delivery of orders can be made by mail or alternative
means (such as by courier for physical goods or by fax, e-mail,
telephone, or electronic files for information).
For further information and resources about mail order,
visit http://www.yenommarketinginc.com/mailord.html
RESOURCE BOX
J. Stephen Pope, President of Pope Consulting Inc.,
http://www.popeconsultinginc.com/ has been helping
clients to earn maximum business profits for over twenty-five years.
For valuable Work at Home Small Business Ideas, visit:
http://www.yenommarketinginc.com/
Article Source: http://EzineArticles.com/?expert=J._Stephen_Pope
http://EzineArticles.com/?Work-at-Home-Business-Ideas&id=172
Here are some excellent businesses that you can
start, operate and grow from your home. All these
work at home businesses have the following desirable
features:
By J. Stephen Pope
Here are some excellent businesses that you can
start, operate and grow from your home. All these
work at home businesses have the following desirable
features:
**Low Startup Costs
**Ease of Entry
**High Income Potential
**Home Based and Operated
**Worldwide Sales Potential
**Residual, Recurring and/or Passive Income Potential
1. Consulting
A consultant is someone expert in a field who, for a fee,
advises businesses or individuals on various matters of
concern.
Many times we tend to feel that our knowledge, skills
or abilities are nothing unique. However, many lack
those same assets and would gladly pay us for our
knowledge and services.
Although it is possible to make a living from consulting
with individuals, the big money is in performing services
for businesses.
Do you have knowledge of bookkeeping, accounting, tax or
similar business matters? Some have made excellent money
specializing in small business consulting.
Are you a computer hobbyist with business or internet
experience? You could make money in web design, internet
marketing, search engine optimization, or some other
specialty.
Some lawyers have combined their legal experience with their
love of the Internet and specialized in intellectual
property and computer law.
For further information and resources about consulting,
visit: http://www.yenommarketinginc.com/consulting.html
2. Finding
A finder is someone who, for a fee, finds something
needed by a business or individual. A finder`s fee
is the amount paid to the finder for locating what
was required.
Finder`s fees are paid for finding money (loans,
equipment leasing, et cetera), equipment (mining,
construction, et cetera), personnel, companies for
sale, locations (fast food franchises, vending
machines, et cetera) and just about anything else
that people are willing to pay for.
Simply match sellers with buyers and you can earn
finder`s fees.
For further information and resources about finder`s fees,
visit: http://www.yenommarketinginc.com/finder.html
3. Auctions
An auction is an event where items are sold to the highest
bidders. An internet auction, online auction or e-auction
is an auction where you can buy and sell items on the
Internet.
Many thousands now make their living or fortune from
selling products and services on eBay and similar auction
sites. So can you!
For further information and resources about auctions,
visit: http://www.yenommarketinginc.com/auctions.html
4. Drop Shipping
Drop shipping is a method of selling products without
stocking inventory yourself. When you make a sale you
contact the manufacturer or authorized distributor who
ships it to the customer with your invoice and shipping
label. Advantages include no warehousing, shipping, or
inventory costs.
For further information and resources about drop shipping,
visit: http://www.yenommarketinginc.com/dropship.html
5. Affiliate Programs
An affiliate or associate program is a method of selling
products on the internet through commission sales. When
someone you refer to a website buys, the company you are
an associate of (or affiliated with) pays you a commission.
In many cases, it is also possible to make money from the
efforts of people that you introduce to the affiliate program.
You can also expand your product line by joining and
promoting more than one affiliate program.
For further information and resources about affiliate programs,
visit: http://www.yenommarketinginc.com/affiliate.html
6. Webmastering
A webmaster is a an internet specialist reponsible for all
aspects of web sites.
Areas where businesses need assistance include web site
design, logo, banner or graphic design, web hosting,
e-commerce, internet marketing, web programming, scripts,
security, web site maintenance, copy writing, mailing list
management, and many other areas.
For further information and resources about webmastering,
visit: http://www.yenommarketinginc.com/webmstrbus.html
7. Self-publishing
A self-publisher creates, produces, and sells information
products. Information products may be in the form of books,
booklets, videos, audio cassettes, compact disks (CDs),
electronic books, files, databases, private websites, and
other media.
The information products that you create are unique. You
have exclusive control and ownership of your own products.
For further information and resources about self-publishing,
visit http://www.yenommarketinginc.com/selfpub.html
8. Instant Publishing
An instant publisher sells information products produced by
someone else who grants them reprint (or resale) rights.
Often self-publishers will sell such products to complement
their own information products.
For further information and resources about instant publishing,
visit http://www.yenommarketinginc.com/instantpub.html
9. International Trade
International trade involves importing and exporting.
Importing involves buying goods and services from suppliers
in another country. Exporting involves selling goods and
services to customers in another country.
For further information and resources about import-export,
visit http://www.yenommarketinginc.com/impexp.html
10. Mail Order
Mail order is a method of conducting business through the
mail. Goods and services can be sold through direct mail
(and also via catalogues, magazines, newspapers, radio,
television, web sites, and other media). Customers can order
by mail or by other means (fax, telephone, internet, et
cetera). Delivery of orders can be made by mail or alternative
means (such as by courier for physical goods or by fax, e-mail,
telephone, or electronic files for information).
For further information and resources about mail order,
visit http://www.yenommarketinginc.com/mailord.html
RESOURCE BOX
J. Stephen Pope, President of Pope Consulting Inc.,
http://www.popeconsultinginc.com/ has been helping
clients to earn maximum business profits for over twenty-five years.
For valuable Work at Home Small Business Ideas, visit:
http://www.yenommarketinginc.com/
Article Source: http://EzineArticles.com/?expert=J._Stephen_Pope
http://EzineArticles.com/?Work-at-Home-Business-Ideas&id=172
Here are some excellent businesses that you can
start, operate and grow from your home. All these
work at home businesses have the following desirable
features:
Friday, May 11, 2007
Credit Card Equipment Leasing and Supplier in US
The Benefits Of A Credit Card Terminal
By Mike Singh
Having a credit card terminal in your business can greatly benefit it if used properly. So many people now use credit cards for buying and selling that a credit card terminal is almost necessary. Without a terminal you can stand to lose profits if you are not careful.
Technology that is now available in regards to cards and having a credit card terminal is part of what can bring success to businesses. If you do order a terminal you will find that there are willing people to help you to install it just by dialing the telephone. They will walk you through every single step and even help you figure out how exactly to use it. Just remember any hassle that seems to come from having a terminal can be balanced out by more sales be created by its instillation.
There is the option of either buying a terminal straight out or leasing it from a licensed dealer and this can offer more options and convenience. Even if you are a brand new business just starting you can find a dealer who would be more than willing to rent you a terminal, it just takes a little legwork to find it. In the end it can only make your business stronger and more successful.
Of course your customers should be aware that there might be some small fees when it comes to terminals. There are different companies that provide terminals and some will have a certain percentage charged for each transaction that is completed on the terminal. A fee may also be charged to the business owner, but is so minimal that it doesn't even affect the benefits you will receive from having a wider customer base because of it.
You can find businesses online that sell terminals as well as those that lease them. You may have to search for a while to find a good price but they are out there. There is usually a satisfaction guarantee presented with most of these companies. You should be very careful when giving out any information if the site is not secured, but with some work you can find a great company with a terminal for you and your business.
Something that is very beneficial about having a credit card terminal is that it makes it more convenient for your customers and therefore will help increase your customer base. It is also a safer way to go then more traditional payment methods such as cash, which can be stolen, or checks that may bounce and cause you financial stress later on. Having a terminal will help guarantee that you will get paid.
As you can see there are many advantages to having a credit card terminal installed in your business. It is also a very simple and easy thing to get started with and there are different options in acquiring one that can just about make it easy for anyone to get one. So go ahead get a terminal and start making more money today.
Check out http://www.my-credit-center.com/ for more articles on accepting credit card online and business credit card with reward.
Article Source: http://EzineArticles.com/?expert=Mike_Singh
http://EzineArticles.com/?The-Benefits-Of-A-Credit-Card-Terminal&id=284480
By Mike Singh
Having a credit card terminal in your business can greatly benefit it if used properly. So many people now use credit cards for buying and selling that a credit card terminal is almost necessary. Without a terminal you can stand to lose profits if you are not careful.
Technology that is now available in regards to cards and having a credit card terminal is part of what can bring success to businesses. If you do order a terminal you will find that there are willing people to help you to install it just by dialing the telephone. They will walk you through every single step and even help you figure out how exactly to use it. Just remember any hassle that seems to come from having a terminal can be balanced out by more sales be created by its instillation.
There is the option of either buying a terminal straight out or leasing it from a licensed dealer and this can offer more options and convenience. Even if you are a brand new business just starting you can find a dealer who would be more than willing to rent you a terminal, it just takes a little legwork to find it. In the end it can only make your business stronger and more successful.
Of course your customers should be aware that there might be some small fees when it comes to terminals. There are different companies that provide terminals and some will have a certain percentage charged for each transaction that is completed on the terminal. A fee may also be charged to the business owner, but is so minimal that it doesn't even affect the benefits you will receive from having a wider customer base because of it.
You can find businesses online that sell terminals as well as those that lease them. You may have to search for a while to find a good price but they are out there. There is usually a satisfaction guarantee presented with most of these companies. You should be very careful when giving out any information if the site is not secured, but with some work you can find a great company with a terminal for you and your business.
Something that is very beneficial about having a credit card terminal is that it makes it more convenient for your customers and therefore will help increase your customer base. It is also a safer way to go then more traditional payment methods such as cash, which can be stolen, or checks that may bounce and cause you financial stress later on. Having a terminal will help guarantee that you will get paid.
As you can see there are many advantages to having a credit card terminal installed in your business. It is also a very simple and easy thing to get started with and there are different options in acquiring one that can just about make it easy for anyone to get one. So go ahead get a terminal and start making more money today.
Check out http://www.my-credit-center.com/ for more articles on accepting credit card online and business credit card with reward.
Article Source: http://EzineArticles.com/?expert=Mike_Singh
http://EzineArticles.com/?The-Benefits-Of-A-Credit-Card-Terminal&id=284480
Thursday, May 10, 2007
Credit Card Equipment Leasing and Supplier in US
The Secrets of Starting Business Successfully
By Julia Tang
Starting Business Secrets will help you to start your own business successfully.
The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts. Based upon this motivation, thousands of businesses fail each year, due primarily to not being familiar with the basics involved in running a business.
This report will enlighten you, and give you a number of suggestions you can use to better guarantee your chances for success. This report is written with the warning that any and every business venture contains certain inherent risks, and any number of alternatives. We do not espouse that any one way is the right way or that our suggestions are the only way. On the contrary, we advise that before investing any money in a business venture, you seek counselling and help from a qualified accountant and/or attorney.
Just about the first thing you should consider before deciding to start or purchase a business is the legal form you'll be operating under. There are basically four choices: sole proprietorship, partnership, limited partnership, and/or corporation.
Each has a number of advantages and disadvantages. We'll try to enumerate some of them for you.
As much as anything else, for many people starting a business is a form of ego-gratification, and they form a corporation for some sort of prestige gain - just to say, "I own a corporation."
With just a little bit of observation, you'll find that one of the major causes of business failures is due to the founder wasting start-up capital on frills, such as an impressive store- front office, expensive furnishings, and corporate legal costs.
One of the basic traits you must develop it you're going to be successful in business, is a tight hold on your expenditures. In fact, a good rule of thumb is that anything that does not make money for yo or protect your investment, should not be purchased at this time. Very definitely, this applies to the expense of setting up your own corporation.
Unless you have a partnership and start your business as such, the only real advantage to forming a corporation would appear to be that a corporate structure will semi-protect the property you personally own.
As an example, you own a home and car. You form a corporation to protect these possessions from business losses. Yet, if you can be found guilty of misusing corporate funds, your business creditors can pierce the corporate shield and come after your possessions.
Basically, if you invest everything you have in your business, as most newcomers do, you don't usually need a corporation because you have nothing to protect. Your household possessions, personal belongings, generally your car, and even a portion of the equity in your home is protected by the homestead provision of the Federal Bankruptcy Act, and cannot be taken away from you.
As a sole proprietor or partner of a business you'll be paying taxes on your overall earnings, much the same as if you were holding down a salaried or hourly paid job. Whether you do or don't take out money as a salary will have no bearing on the earnings of your business and tax return.
The often advertised advantage of incorporating, that you can manipulate your salary in order to save on tax dollars, is real because of corporation laws. However, the IRS frowns on this practice. When your business is successful and making a lot of money, definitely check with your accountant on the advantages of incorporating.
As a corporation, you'll be subject to a number of other drawbacks as well: generally higher state taxes, stricter laws concerning the operation of your business, more elaborate accounting procedures, and legal papers that are required just about every time you make a major move or sign almost any contract. Thus, your legal and accounting fees will be much higher as a corporation than will those required for a sole proprietorship type of business.
As a sole proprietor or partnership, you'll find many areas require the registration of your business name. The cost however, is minimal, ranging from $5 to $100. About the best way to find out what laws apply in your area, is to call your bank and ask if they need a fictitious name registration card or certificate in order for you to open a business account.
Selecting a name for your business is quite important to you and particularly relative to advertising. Your business name should describe the product or services you offer. Fancy names such as, Linda's Clipping Service will lose potential "walk-in and passing" customers to the beauty shop across the street that calls itself, Patti's Beauty Salon or Jane's Hair Styling Shop.
The advantage of using your full name in the title of your business, such as Johnny Jones' Meat Lockers, has the advantage of making credit somewhat easier to come by - provided you pay your bills on time - but it also includes the disadvantage of confining your services to a local or at most, a regional area.
Should you buy, lease, or rent a space for your business? think twice before you make any decision along these lines. Most businesses tend to grow quickly or they never get off the ground.
There are a few exceptions, but only a very few, that tend to grow at a modified rate.
So, buying a piece of property and setting up your business on or within that property, obligates you to ownership regardless of what happens to your business.
Leases are almost always very strong contracts written by attorneys to the advantage of the property-owner. When you sign an agreement to pay someone for the use of their space over any length of time, you're "nailed in" to paying for that space regardless of what happens to your business.
In the beginning, it's wise to either get the shortest-term lease possible, or arrange to rent with an option to lease at a later date. This does not apply to a retail business, unless your particular business happens to be an untried one.
Definitely, you should open a business bank account. In selecting a bank for your business, scout around and look for one that can, and will help you. Determine what your banking needs will be, and then via telephone, interview the managers of the banks in your area. The important convenient bank to your business location.
A point to remember: the closer you can make the relationship between you and the bank manager, the better your chances are going to be for approval on loans and/or special favors you may need at a later date.
Try to become acquainted with as many of the bank employees as possible. The better you know them, the more courtesies they'll be extending especially to you in the course of your association.
Just as a doctor is a specialist in his field, and you go to him for medical problems, your banker is a specialist in his field and you should go to him for your money problems. In business, you'll have to learn that everyone is an expert in his own line of work, and in your associations with other business people, refrain from acting like a "sharpie" and/or pretending that you know exactly how everything works in someone else's specialty.
You'll find that very often, different banks specialize in different types of businesses. As an example, you're sure to find banks that specialize in real estate transactions, export- import businesses, and even manufacturing operations only.
What I'm saying here is that if you're planning to sella fairly expensive item, your customers will probably need and/or want financing. It will behoove you to select a bank familiar with your type of product that will afford your customers, through you, contract financing.
Some of the questions you should ask of your banker include the following:
Is it necessary to maintain a certain balance in your account before the bank will approve a loan for you? What qualifications must you have in order to obtain a line of credit with the bank?
Does the bank limit the number of loans, or types of loans it will approve for small businesses?
What is the bank's policy regarding the size of a check you might deposit that requires holding for collection?
And what about checks less than that amount - will they be immediately credited to your account?
In almost all types of businesses, it will be to your benefit to set up with your bank, a method of handling VISA, Master Charge, and regional credit cards. The important thing here is to ultimately set up your account in the bank that will service all of these credit transactions for you - one stop for all your banking needs. In most instances, you'll find that having the capability to fill orders/make sales via credit card transactions, will increase your volume of sales appreciatively.
Once you've made the decision as to which bank is going to handle your account, you'll need your Social Security Number or your Federal Employer's Identification Number, your driver's license, the fictitious name certificate, and if you're requesting a VISA or Master Charge franchise, you'll also need a financial statement.
For corporations, you'll also need a corporate resolution approving of the opening of your business account.
There are different policies exercised in just about every state regarding installation/hook-up charges by the telephone and utility companies. Some require a deposit, and some don't.
You'll find that a great number of city business license departments are there solely for the purpose of collecting another tax. Depending on the type of business you're asking a license for, the building and zoning people may inspect your premises for soundness of structure and safety. Generally, you won't encounter any difficulties - you simply pay your fee to operate your business in that city, and the clerk types your name onto a city license certificate.
Relative to sales tax permits and licenses, each state's rules and regulations very widely. The best thing to do is call your state offices and ask for information concerning registry and collection procedures. Many states require an advance deposit or bond, and you'll find that some wholesalers or manufacturers will not sell to you at wholesale prices until you can show them your sales tax permit or number.
Should your business entail selling your products or services across state lines, in another state, you're not required to collect taxes except in those where you have offices or stores.
You may find also that your particular business requires the collection of Federal Excise Taxes. For information along these lines, check in with your local office of the Internal Revenue Service.
Some states also require certain businesses to hold state licenses, such as those required in many states for TV Repairmen.
These are known as "occupational permits" and are most often required of barbers, hair stylists, real estate people and a number of other consumer oriented businesses. If you have any doubts, check with your state offices for a list of those occupations that require licensing.
Any business doing business in any type of interstate commerce is subject to federal regulations, usually through the Federal Trade Commission. This means that any business that shops, sells or advertises in more than one state is subject to such regulation, and this includes even the smallest of mail order operations.
Normally, very few business people ever have and contact with the federal regulatory agencies. The only exceptions being when there is a question of your operating your business unethically or illegally.
Any business that sells or distributes food in any manner almost always requires a county health department permit. If your business falls into this category, simply call the county health department and invite them out to your place of business for an inspection. The fees generally range from about $25, depending on the size of your business when they first inspect it for permit approval.
There are also a number of businesses that require inspection by a fire marshall, and fire department approval. Generally, these are those that handle flammable materials or attract large numbers of people, such as a theater. Overall, the local fire department has to be allowed to inspect your premises whenever they desire to do so.
You may also run into a requirement for an air and/or water pollution control permit. These specifically apply to any business that burns anything, discharges anything into the sewers or waterways, or use any gas-producing product, such as a paint sprayer.
Without a doubt, you'll need to check on local regulations relating to advertising display signs. Each city or township makes its own rules and then enforces those rules according to its own thinking -check before you contract to have a sign made for your business.
The design and placement of your sign is very important to your business - specifically to retail establishments - but let me remind you that your business sign is usually the first thing a potential customer sees and as such, it should catch his eye and leave an impression that lasts. It would be a good idea to ride around your town and take a look at the signs that catch your eye, and try to determine the impression of the business that sign leaves on you. This is a basic learning formula for determining the design, size and placement of your business sign.
Some of the other things to consider before opening for business - If you intend to employ one or more employees, you'll be required to deduct Federal Income Taxes, and Social Security payments from their checks. This will involve your filing for a Federal Tax Number and necessitates contact with your local IRS Office.
Most states have "unemployment taxes" which will have to be deducted from the paychecks of any employees you hire. And there are a number of states that have income taxes - disability insurance - and any number of other taxes. Again, the best thing to do is check with your local office of the IRS. And above all else, don't forget to ask for the rules of the minimum wage law, and comply.
When your business grows to the point of needing additional help, don't be afraid to look for and hire the help you need. when you're ready to hire someone, simply run an ad in your local paper and/or register your needs with the local office of your state's employment service. Businesses either grow or die, and those that grow eventually need more people in order to continue growing.
When that time comes, hire the additional people you need, and your business will continue growing. If you don't, for whatever reason, you'll find yourself married to your business and your business growth stymied.
Regardless of how small your business is when you begin, never walk in with the thought in mind that it's something to keep you busy. Anyone with an attitude of that kind is a fool. You begin and make a business successful in order to realize financial freedom. Establish your business. Put it on its feet, and then hire other people to do the work for you. And those businesses that require an operations manager, or someone to run a phase of the business you're too busy to handle, hire the person needed or the business will surely suffer.
To protect the investment of your business, you need business insurance. If you've never had any experience with business insurance, simply look under the heading of "business insurance" in your phone directory. Ask for bids from several different companies or agents...Primarily, you should have a policy that gives you general liability, fire, workmen's compensation, business interruption, and vehicle coverage. You amy also want coverage against possible losses related to burglary, robbery, Life & Accident, Key Man, and Fidelity Bonds.
As the sole proprietor of a business, you won't be paid as an employee, so there will be no income tax deducted from whatever you withdraw from the company's earnings. What you'll have to do is a gain check with the IRS Office for a Tax Guide For Small Businesses Handbook, and probably end up filing an estimated tax return on a quarterly basis.
The minute you open your doors for business, you'll have to spend some time engaged in the work of bookkeeping. Exactly how, and using what forms, you keep books, should be on the recommendations of a good tax counselor...The same holds true for your overall business and/or payroll accounting system. Look for an experienced CPA that knows the accounting problems to your particular kind of business, and solicit his advise/counseling.
If your business is going to involve the possible purchase or lease of operating equipment, again seek the help of your tax counselor for the most advantageous method of obtaining the needed equipment.
Basically, arranging for your suppliers to give you materials on credit will depend upon your honesty and personal financial statement. The best way is usually a personal visit to the person with the power to approve or disapprove of credit at the company where you want to set up a credit account. Show him your financial statement, and explain your prospects for success. Then assure him that you've always honored all of your obligations, and that if ever there's a question or problem, you'd like for him to call you at home. And of course, give him your home phone number.
We won't go into the exigencies of advertising your products, services or business here, but there is something along these lines you should always keep in mind. The best kind of advertising your business can receive is that you don't really pay for - publicity.
When something unusual happens to you, your business, or your employees - that's news, so be sure to tell the news media in your area about it.
The most important ingredient of your eventual success will be the soundness of the planning you did before you started your business. Any number of bad things can really throw your business into a tailspin, but it you've done your homework well - really set up a detailed business plan before starting - your losses or setbacks will be minimal. Success takes planning, and within this report, you've got a basic checklist...The rest is up to you...Good luck, and may your life overflow with success in all that you undertake from this moment forward. ---------------------------------------------------------
Julia Tang publishes Smart Online Business Tips, a fresh
and informative newsletter dedicated to supporting people
like you! To find out the best online business opportunities,
and to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
----------------------------------------------------------
Note: Feel free to publish it with the resource box and content unchanged
Article Source: http://EzineArticles.com/?expert=Julia_Tang
http://EzineArticles.com/?The-Secrets-of-Starting-Business-Successfully&id=4240
The American Dream is, and always will be, to come up with an
idea, start a business and become rich from your own efforts.
Based upon this motivation, thousands of businesses fail each
year, due primarily to not being familiar with the basics
involved in running a business.
By Julia Tang
Starting Business Secrets will help you to start your own business successfully.
The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts. Based upon this motivation, thousands of businesses fail each year, due primarily to not being familiar with the basics involved in running a business.
This report will enlighten you, and give you a number of suggestions you can use to better guarantee your chances for success. This report is written with the warning that any and every business venture contains certain inherent risks, and any number of alternatives. We do not espouse that any one way is the right way or that our suggestions are the only way. On the contrary, we advise that before investing any money in a business venture, you seek counselling and help from a qualified accountant and/or attorney.
Just about the first thing you should consider before deciding to start or purchase a business is the legal form you'll be operating under. There are basically four choices: sole proprietorship, partnership, limited partnership, and/or corporation.
Each has a number of advantages and disadvantages. We'll try to enumerate some of them for you.
As much as anything else, for many people starting a business is a form of ego-gratification, and they form a corporation for some sort of prestige gain - just to say, "I own a corporation."
With just a little bit of observation, you'll find that one of the major causes of business failures is due to the founder wasting start-up capital on frills, such as an impressive store- front office, expensive furnishings, and corporate legal costs.
One of the basic traits you must develop it you're going to be successful in business, is a tight hold on your expenditures. In fact, a good rule of thumb is that anything that does not make money for yo or protect your investment, should not be purchased at this time. Very definitely, this applies to the expense of setting up your own corporation.
Unless you have a partnership and start your business as such, the only real advantage to forming a corporation would appear to be that a corporate structure will semi-protect the property you personally own.
As an example, you own a home and car. You form a corporation to protect these possessions from business losses. Yet, if you can be found guilty of misusing corporate funds, your business creditors can pierce the corporate shield and come after your possessions.
Basically, if you invest everything you have in your business, as most newcomers do, you don't usually need a corporation because you have nothing to protect. Your household possessions, personal belongings, generally your car, and even a portion of the equity in your home is protected by the homestead provision of the Federal Bankruptcy Act, and cannot be taken away from you.
As a sole proprietor or partner of a business you'll be paying taxes on your overall earnings, much the same as if you were holding down a salaried or hourly paid job. Whether you do or don't take out money as a salary will have no bearing on the earnings of your business and tax return.
The often advertised advantage of incorporating, that you can manipulate your salary in order to save on tax dollars, is real because of corporation laws. However, the IRS frowns on this practice. When your business is successful and making a lot of money, definitely check with your accountant on the advantages of incorporating.
As a corporation, you'll be subject to a number of other drawbacks as well: generally higher state taxes, stricter laws concerning the operation of your business, more elaborate accounting procedures, and legal papers that are required just about every time you make a major move or sign almost any contract. Thus, your legal and accounting fees will be much higher as a corporation than will those required for a sole proprietorship type of business.
As a sole proprietor or partnership, you'll find many areas require the registration of your business name. The cost however, is minimal, ranging from $5 to $100. About the best way to find out what laws apply in your area, is to call your bank and ask if they need a fictitious name registration card or certificate in order for you to open a business account.
Selecting a name for your business is quite important to you and particularly relative to advertising. Your business name should describe the product or services you offer. Fancy names such as, Linda's Clipping Service will lose potential "walk-in and passing" customers to the beauty shop across the street that calls itself, Patti's Beauty Salon or Jane's Hair Styling Shop.
The advantage of using your full name in the title of your business, such as Johnny Jones' Meat Lockers, has the advantage of making credit somewhat easier to come by - provided you pay your bills on time - but it also includes the disadvantage of confining your services to a local or at most, a regional area.
Should you buy, lease, or rent a space for your business? think twice before you make any decision along these lines. Most businesses tend to grow quickly or they never get off the ground.
There are a few exceptions, but only a very few, that tend to grow at a modified rate.
So, buying a piece of property and setting up your business on or within that property, obligates you to ownership regardless of what happens to your business.
Leases are almost always very strong contracts written by attorneys to the advantage of the property-owner. When you sign an agreement to pay someone for the use of their space over any length of time, you're "nailed in" to paying for that space regardless of what happens to your business.
In the beginning, it's wise to either get the shortest-term lease possible, or arrange to rent with an option to lease at a later date. This does not apply to a retail business, unless your particular business happens to be an untried one.
Definitely, you should open a business bank account. In selecting a bank for your business, scout around and look for one that can, and will help you. Determine what your banking needs will be, and then via telephone, interview the managers of the banks in your area. The important convenient bank to your business location.
A point to remember: the closer you can make the relationship between you and the bank manager, the better your chances are going to be for approval on loans and/or special favors you may need at a later date.
Try to become acquainted with as many of the bank employees as possible. The better you know them, the more courtesies they'll be extending especially to you in the course of your association.
Just as a doctor is a specialist in his field, and you go to him for medical problems, your banker is a specialist in his field and you should go to him for your money problems. In business, you'll have to learn that everyone is an expert in his own line of work, and in your associations with other business people, refrain from acting like a "sharpie" and/or pretending that you know exactly how everything works in someone else's specialty.
You'll find that very often, different banks specialize in different types of businesses. As an example, you're sure to find banks that specialize in real estate transactions, export- import businesses, and even manufacturing operations only.
What I'm saying here is that if you're planning to sella fairly expensive item, your customers will probably need and/or want financing. It will behoove you to select a bank familiar with your type of product that will afford your customers, through you, contract financing.
Some of the questions you should ask of your banker include the following:
Is it necessary to maintain a certain balance in your account before the bank will approve a loan for you? What qualifications must you have in order to obtain a line of credit with the bank?
Does the bank limit the number of loans, or types of loans it will approve for small businesses?
What is the bank's policy regarding the size of a check you might deposit that requires holding for collection?
And what about checks less than that amount - will they be immediately credited to your account?
In almost all types of businesses, it will be to your benefit to set up with your bank, a method of handling VISA, Master Charge, and regional credit cards. The important thing here is to ultimately set up your account in the bank that will service all of these credit transactions for you - one stop for all your banking needs. In most instances, you'll find that having the capability to fill orders/make sales via credit card transactions, will increase your volume of sales appreciatively.
Once you've made the decision as to which bank is going to handle your account, you'll need your Social Security Number or your Federal Employer's Identification Number, your driver's license, the fictitious name certificate, and if you're requesting a VISA or Master Charge franchise, you'll also need a financial statement.
For corporations, you'll also need a corporate resolution approving of the opening of your business account.
There are different policies exercised in just about every state regarding installation/hook-up charges by the telephone and utility companies. Some require a deposit, and some don't.
You'll find that a great number of city business license departments are there solely for the purpose of collecting another tax. Depending on the type of business you're asking a license for, the building and zoning people may inspect your premises for soundness of structure and safety. Generally, you won't encounter any difficulties - you simply pay your fee to operate your business in that city, and the clerk types your name onto a city license certificate.
Relative to sales tax permits and licenses, each state's rules and regulations very widely. The best thing to do is call your state offices and ask for information concerning registry and collection procedures. Many states require an advance deposit or bond, and you'll find that some wholesalers or manufacturers will not sell to you at wholesale prices until you can show them your sales tax permit or number.
Should your business entail selling your products or services across state lines, in another state, you're not required to collect taxes except in those where you have offices or stores.
You may find also that your particular business requires the collection of Federal Excise Taxes. For information along these lines, check in with your local office of the Internal Revenue Service.
Some states also require certain businesses to hold state licenses, such as those required in many states for TV Repairmen.
These are known as "occupational permits" and are most often required of barbers, hair stylists, real estate people and a number of other consumer oriented businesses. If you have any doubts, check with your state offices for a list of those occupations that require licensing.
Any business doing business in any type of interstate commerce is subject to federal regulations, usually through the Federal Trade Commission. This means that any business that shops, sells or advertises in more than one state is subject to such regulation, and this includes even the smallest of mail order operations.
Normally, very few business people ever have and contact with the federal regulatory agencies. The only exceptions being when there is a question of your operating your business unethically or illegally.
Any business that sells or distributes food in any manner almost always requires a county health department permit. If your business falls into this category, simply call the county health department and invite them out to your place of business for an inspection. The fees generally range from about $25, depending on the size of your business when they first inspect it for permit approval.
There are also a number of businesses that require inspection by a fire marshall, and fire department approval. Generally, these are those that handle flammable materials or attract large numbers of people, such as a theater. Overall, the local fire department has to be allowed to inspect your premises whenever they desire to do so.
You may also run into a requirement for an air and/or water pollution control permit. These specifically apply to any business that burns anything, discharges anything into the sewers or waterways, or use any gas-producing product, such as a paint sprayer.
Without a doubt, you'll need to check on local regulations relating to advertising display signs. Each city or township makes its own rules and then enforces those rules according to its own thinking -check before you contract to have a sign made for your business.
The design and placement of your sign is very important to your business - specifically to retail establishments - but let me remind you that your business sign is usually the first thing a potential customer sees and as such, it should catch his eye and leave an impression that lasts. It would be a good idea to ride around your town and take a look at the signs that catch your eye, and try to determine the impression of the business that sign leaves on you. This is a basic learning formula for determining the design, size and placement of your business sign.
Some of the other things to consider before opening for business - If you intend to employ one or more employees, you'll be required to deduct Federal Income Taxes, and Social Security payments from their checks. This will involve your filing for a Federal Tax Number and necessitates contact with your local IRS Office.
Most states have "unemployment taxes" which will have to be deducted from the paychecks of any employees you hire. And there are a number of states that have income taxes - disability insurance - and any number of other taxes. Again, the best thing to do is check with your local office of the IRS. And above all else, don't forget to ask for the rules of the minimum wage law, and comply.
When your business grows to the point of needing additional help, don't be afraid to look for and hire the help you need. when you're ready to hire someone, simply run an ad in your local paper and/or register your needs with the local office of your state's employment service. Businesses either grow or die, and those that grow eventually need more people in order to continue growing.
When that time comes, hire the additional people you need, and your business will continue growing. If you don't, for whatever reason, you'll find yourself married to your business and your business growth stymied.
Regardless of how small your business is when you begin, never walk in with the thought in mind that it's something to keep you busy. Anyone with an attitude of that kind is a fool. You begin and make a business successful in order to realize financial freedom. Establish your business. Put it on its feet, and then hire other people to do the work for you. And those businesses that require an operations manager, or someone to run a phase of the business you're too busy to handle, hire the person needed or the business will surely suffer.
To protect the investment of your business, you need business insurance. If you've never had any experience with business insurance, simply look under the heading of "business insurance" in your phone directory. Ask for bids from several different companies or agents...Primarily, you should have a policy that gives you general liability, fire, workmen's compensation, business interruption, and vehicle coverage. You amy also want coverage against possible losses related to burglary, robbery, Life & Accident, Key Man, and Fidelity Bonds.
As the sole proprietor of a business, you won't be paid as an employee, so there will be no income tax deducted from whatever you withdraw from the company's earnings. What you'll have to do is a gain check with the IRS Office for a Tax Guide For Small Businesses Handbook, and probably end up filing an estimated tax return on a quarterly basis.
The minute you open your doors for business, you'll have to spend some time engaged in the work of bookkeeping. Exactly how, and using what forms, you keep books, should be on the recommendations of a good tax counselor...The same holds true for your overall business and/or payroll accounting system. Look for an experienced CPA that knows the accounting problems to your particular kind of business, and solicit his advise/counseling.
If your business is going to involve the possible purchase or lease of operating equipment, again seek the help of your tax counselor for the most advantageous method of obtaining the needed equipment.
Basically, arranging for your suppliers to give you materials on credit will depend upon your honesty and personal financial statement. The best way is usually a personal visit to the person with the power to approve or disapprove of credit at the company where you want to set up a credit account. Show him your financial statement, and explain your prospects for success. Then assure him that you've always honored all of your obligations, and that if ever there's a question or problem, you'd like for him to call you at home. And of course, give him your home phone number.
We won't go into the exigencies of advertising your products, services or business here, but there is something along these lines you should always keep in mind. The best kind of advertising your business can receive is that you don't really pay for - publicity.
When something unusual happens to you, your business, or your employees - that's news, so be sure to tell the news media in your area about it.
The most important ingredient of your eventual success will be the soundness of the planning you did before you started your business. Any number of bad things can really throw your business into a tailspin, but it you've done your homework well - really set up a detailed business plan before starting - your losses or setbacks will be minimal. Success takes planning, and within this report, you've got a basic checklist...The rest is up to you...Good luck, and may your life overflow with success in all that you undertake from this moment forward. ---------------------------------------------------------
Julia Tang publishes Smart Online Business Tips, a fresh
and informative newsletter dedicated to supporting people
like you! To find out the best online business opportunities,
and to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
----------------------------------------------------------
Note: Feel free to publish it with the resource box and content unchanged
Article Source: http://EzineArticles.com/?expert=Julia_Tang
http://EzineArticles.com/?The-Secrets-of-Starting-Business-Successfully&id=4240
The American Dream is, and always will be, to come up with an
idea, start a business and become rich from your own efforts.
Based upon this motivation, thousands of businesses fail each
year, due primarily to not being familiar with the basics
involved in running a business.
Wednesday, May 2, 2007
Credit Card Equipment Leasing and Supplier in US
The Secrets of Starting Business Successfully
By Julia Tang
Starting Business Secrets will help you to start your own business successfully.
The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts. Based upon this motivation, thousands of businesses fail each year, due primarily to not being familiar with the basics involved in running a business.
This report will enlighten you, and give you a number of suggestions you can use to better guarantee your chances for success. This report is written with the warning that any and every business venture contains certain inherent risks, and any number of alternatives. We do not espouse that any one way is the right way or that our suggestions are the only way. On the contrary, we advise that before investing any money in a business venture, you seek counselling and help from a qualified accountant and/or attorney.
Just about the first thing you should consider before deciding to start or purchase a business is the legal form you'll be operating under. There are basically four choices: sole proprietorship, partnership, limited partnership, and/or corporation.
Each has a number of advantages and disadvantages. We'll try to enumerate some of them for you.
As much as anything else, for many people starting a business is a form of ego-gratification, and they form a corporation for some sort of prestige gain - just to say, "I own a corporation."
With just a little bit of observation, you'll find that one of the major causes of business failures is due to the founder wasting start-up capital on frills, such as an impressive store- front office, expensive furnishings, and corporate legal costs.
One of the basic traits you must develop it you're going to be successful in business, is a tight hold on your expenditures. In fact, a good rule of thumb is that anything that does not make money for yo or protect your investment, should not be purchased at this time. Very definitely, this applies to the expense of setting up your own corporation.
Unless you have a partnership and start your business as such, the only real advantage to forming a corporation would appear to be that a corporate structure will semi-protect the property you personally own.
As an example, you own a home and car. You form a corporation to protect these possessions from business losses. Yet, if you can be found guilty of misusing corporate funds, your business creditors can pierce the corporate shield and come after your possessions.
Basically, if you invest everything you have in your business, as most newcomers do, you don't usually need a corporation because you have nothing to protect. Your household possessions, personal belongings, generally your car, and even a portion of the equity in your home is protected by the homestead provision of the Federal Bankruptcy Act, and cannot be taken away from you.
As a sole proprietor or partner of a business you'll be paying taxes on your overall earnings, much the same as if you were holding down a salaried or hourly paid job. Whether you do or don't take out money as a salary will have no bearing on the earnings of your business and tax return.
The often advertised advantage of incorporating, that you can manipulate your salary in order to save on tax dollars, is real because of corporation laws. However, the IRS frowns on this practice. When your business is successful and making a lot of money, definitely check with your accountant on the advantages of incorporating.
As a corporation, you'll be subject to a number of other drawbacks as well: generally higher state taxes, stricter laws concerning the operation of your business, more elaborate accounting procedures, and legal papers that are required just about every time you make a major move or sign almost any contract. Thus, your legal and accounting fees will be much higher as a corporation than will those required for a sole proprietorship type of business.
As a sole proprietor or partnership, you'll find many areas require the registration of your business name. The cost however, is minimal, ranging from $5 to $100. About the best way to find out what laws apply in your area, is to call your bank and ask if they need a fictitious name registration card or certificate in order for you to open a business account.
Selecting a name for your business is quite important to you and particularly relative to advertising. Your business name should describe the product or services you offer. Fancy names such as, Linda's Clipping Service will lose potential "walk-in and passing" customers to the beauty shop across the street that calls itself, Patti's Beauty Salon or Jane's Hair Styling Shop.
The advantage of using your full name in the title of your business, such as Johnny Jones' Meat Lockers, has the advantage of making credit somewhat easier to come by - provided you pay your bills on time - but it also includes the disadvantage of confining your services to a local or at most, a regional area.
Should you buy, lease, or rent a space for your business? think twice before you make any decision along these lines. Most businesses tend to grow quickly or they never get off the ground.
There are a few exceptions, but only a very few, that tend to grow at a modified rate.
So, buying a piece of property and setting up your business on or within that property, obligates you to ownership regardless of what happens to your business.
Leases are almost always very strong contracts written by attorneys to the advantage of the property-owner. When you sign an agreement to pay someone for the use of their space over any length of time, you're "nailed in" to paying for that space regardless of what happens to your business.
In the beginning, it's wise to either get the shortest-term lease possible, or arrange to rent with an option to lease at a later date. This does not apply to a retail business, unless your particular business happens to be an untried one.
Definitely, you should open a business bank account. In selecting a bank for your business, scout around and look for one that can, and will help you. Determine what your banking needs will be, and then via telephone, interview the managers of the banks in your area. The important convenient bank to your business location.
A point to remember: the closer you can make the relationship between you and the bank manager, the better your chances are going to be for approval on loans and/or special favors you may need at a later date.
Try to become acquainted with as many of the bank employees as possible. The better you know them, the more courtesies they'll be extending especially to you in the course of your association.
Just as a doctor is a specialist in his field, and you go to him for medical problems, your banker is a specialist in his field and you should go to him for your money problems. In business, you'll have to learn that everyone is an expert in his own line of work, and in your associations with other business people, refrain from acting like a "sharpie" and/or pretending that you know exactly how everything works in someone else's specialty.
You'll find that very often, different banks specialize in different types of businesses. As an example, you're sure to find banks that specialize in real estate transactions, export- import businesses, and even manufacturing operations only.
What I'm saying here is that if you're planning to sella fairly expensive item, your customers will probably need and/or want financing. It will behoove you to select a bank familiar with your type of product that will afford your customers, through you, contract financing.
Some of the questions you should ask of your banker include the following:
Is it necessary to maintain a certain balance in your account before the bank will approve a loan for you? What qualifications must you have in order to obtain a line of credit with the bank?
Does the bank limit the number of loans, or types of loans it will approve for small businesses?
What is the bank's policy regarding the size of a check you might deposit that requires holding for collection?
And what about checks less than that amount - will they be immediately credited to your account?
In almost all types of businesses, it will be to your benefit to set up with your bank, a method of handling VISA, Master Charge, and regional credit cards. The important thing here is to ultimately set up your account in the bank that will service all of these credit transactions for you - one stop for all your banking needs. In most instances, you'll find that having the capability to fill orders/make sales via credit card transactions, will increase your volume of sales appreciatively.
Once you've made the decision as to which bank is going to handle your account, you'll need your Social Security Number or your Federal Employer's Identification Number, your driver's license, the fictitious name certificate, and if you're requesting a VISA or Master Charge franchise, you'll also need a financial statement.
For corporations, you'll also need a corporate resolution approving of the opening of your business account.
There are different policies exercised in just about every state regarding installation/hook-up charges by the telephone and utility companies. Some require a deposit, and some don't.
You'll find that a great number of city business license departments are there solely for the purpose of collecting another tax. Depending on the type of business you're asking a license for, the building and zoning people may inspect your premises for soundness of structure and safety. Generally, you won't encounter any difficulties - you simply pay your fee to operate your business in that city, and the clerk types your name onto a city license certificate.
Relative to sales tax permits and licenses, each state's rules and regulations very widely. The best thing to do is call your state offices and ask for information concerning registry and collection procedures. Many states require an advance deposit or bond, and you'll find that some wholesalers or manufacturers will not sell to you at wholesale prices until you can show them your sales tax permit or number.
Should your business entail selling your products or services across state lines, in another state, you're not required to collect taxes except in those where you have offices or stores.
You may find also that your particular business requires the collection of Federal Excise Taxes. For information along these lines, check in with your local office of the Internal Revenue Service.
Some states also require certain businesses to hold state licenses, such as those required in many states for TV Repairmen.
These are known as "occupational permits" and are most often required of barbers, hair stylists, real estate people and a number of other consumer oriented businesses. If you have any doubts, check with your state offices for a list of those occupations that require licensing.
Any business doing business in any type of interstate commerce is subject to federal regulations, usually through the Federal Trade Commission. This means that any business that shops, sells or advertises in more than one state is subject to such regulation, and this includes even the smallest of mail order operations.
Normally, very few business people ever have and contact with the federal regulatory agencies. The only exceptions being when there is a question of your operating your business unethically or illegally.
Any business that sells or distributes food in any manner almost always requires a county health department permit. If your business falls into this category, simply call the county health department and invite them out to your place of business for an inspection. The fees generally range from about $25, depending on the size of your business when they first inspect it for permit approval.
There are also a number of businesses that require inspection by a fire marshall, and fire department approval. Generally, these are those that handle flammable materials or attract large numbers of people, such as a theater. Overall, the local fire department has to be allowed to inspect your premises whenever they desire to do so.
You may also run into a requirement for an air and/or water pollution control permit. These specifically apply to any business that burns anything, discharges anything into the sewers or waterways, or use any gas-producing product, such as a paint sprayer.
Without a doubt, you'll need to check on local regulations relating to advertising display signs. Each city or township makes its own rules and then enforces those rules according to its own thinking -check before you contract to have a sign made for your business.
The design and placement of your sign is very important to your business - specifically to retail establishments - but let me remind you that your business sign is usually the first thing a potential customer sees and as such, it should catch his eye and leave an impression that lasts. It would be a good idea to ride around your town and take a look at the signs that catch your eye, and try to determine the impression of the business that sign leaves on you. This is a basic learning formula for determining the design, size and placement of your business sign.
Some of the other things to consider before opening for business - If you intend to employ one or more employees, you'll be required to deduct Federal Income Taxes, and Social Security payments from their checks. This will involve your filing for a Federal Tax Number and necessitates contact with your local IRS Office.
Most states have "unemployment taxes" which will have to be deducted from the paychecks of any employees you hire. And there are a number of states that have income taxes - disability insurance - and any number of other taxes. Again, the best thing to do is check with your local office of the IRS. And above all else, don't forget to ask for the rules of the minimum wage law, and comply.
When your business grows to the point of needing additional help, don't be afraid to look for and hire the help you need. when you're ready to hire someone, simply run an ad in your local paper and/or register your needs with the local office of your state's employment service. Businesses either grow or die, and those that grow eventually need more people in order to continue growing.
When that time comes, hire the additional people you need, and your business will continue growing. If you don't, for whatever reason, you'll find yourself married to your business and your business growth stymied.
Regardless of how small your business is when you begin, never walk in with the thought in mind that it's something to keep you busy. Anyone with an attitude of that kind is a fool. You begin and make a business successful in order to realize financial freedom. Establish your business. Put it on its feet, and then hire other people to do the work for you. And those businesses that require an operations manager, or someone to run a phase of the business you're too busy to handle, hire the person needed or the business will surely suffer.
To protect the investment of your business, you need business insurance. If you've never had any experience with business insurance, simply look under the heading of "business insurance" in your phone directory. Ask for bids from several different companies or agents...Primarily, you should have a policy that gives you general liability, fire, workmen's compensation, business interruption, and vehicle coverage. You amy also want coverage against possible losses related to burglary, robbery, Life & Accident, Key Man, and Fidelity Bonds.
As the sole proprietor of a business, you won't be paid as an employee, so there will be no income tax deducted from whatever you withdraw from the company's earnings. What you'll have to do is a gain check with the IRS Office for a Tax Guide For Small Businesses Handbook, and probably end up filing an estimated tax return on a quarterly basis.
The minute you open your doors for business, you'll have to spend some time engaged in the work of bookkeeping. Exactly how, and using what forms, you keep books, should be on the recommendations of a good tax counselor...The same holds true for your overall business and/or payroll accounting system. Look for an experienced CPA that knows the accounting problems to your particular kind of business, and solicit his advise/counseling.
If your business is going to involve the possible purchase or lease of operating equipment, again seek the help of your tax counselor for the most advantageous method of obtaining the needed equipment.
Basically, arranging for your suppliers to give you materials on credit will depend upon your honesty and personal financial statement. The best way is usually a personal visit to the person with the power to approve or disapprove of credit at the company where you want to set up a credit account. Show him your financial statement, and explain your prospects for success. Then assure him that you've always honored all of your obligations, and that if ever there's a question or problem, you'd like for him to call you at home. And of course, give him your home phone number.
We won't go into the exigencies of advertising your products, services or business here, but there is something along these lines you should always keep in mind. The best kind of advertising your business can receive is that you don't really pay for - publicity.
When something unusual happens to you, your business, or your employees - that's news, so be sure to tell the news media in your area about it.
The most important ingredient of your eventual success will be the soundness of the planning you did before you started your business. Any number of bad things can really throw your business into a tailspin, but it you've done your homework well - really set up a detailed business plan before starting - your losses or setbacks will be minimal. Success takes planning, and within this report, you've got a basic checklist...The rest is up to you...Good luck, and may your life overflow with success in all that you undertake from this moment forward. ---------------------------------------------------------
Julia Tang publishes Smart Online Business Tips, a fresh
and informative newsletter dedicated to supporting people
like you! To find out the best online business opportunities,
and to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
----------------------------------------------------------
Note: Feel free to publish it with the resource box and content unchanged
Article Source: http://EzineArticles.com/?expert=Julia_Tang
http://EzineArticles.com/?The-Secrets-of-Starting-Business-Successfully&id=4240
By Julia Tang
Starting Business Secrets will help you to start your own business successfully.
The American Dream is, and always will be, to come up with an idea, start a business and become rich from your own efforts. Based upon this motivation, thousands of businesses fail each year, due primarily to not being familiar with the basics involved in running a business.
This report will enlighten you, and give you a number of suggestions you can use to better guarantee your chances for success. This report is written with the warning that any and every business venture contains certain inherent risks, and any number of alternatives. We do not espouse that any one way is the right way or that our suggestions are the only way. On the contrary, we advise that before investing any money in a business venture, you seek counselling and help from a qualified accountant and/or attorney.
Just about the first thing you should consider before deciding to start or purchase a business is the legal form you'll be operating under. There are basically four choices: sole proprietorship, partnership, limited partnership, and/or corporation.
Each has a number of advantages and disadvantages. We'll try to enumerate some of them for you.
As much as anything else, for many people starting a business is a form of ego-gratification, and they form a corporation for some sort of prestige gain - just to say, "I own a corporation."
With just a little bit of observation, you'll find that one of the major causes of business failures is due to the founder wasting start-up capital on frills, such as an impressive store- front office, expensive furnishings, and corporate legal costs.
One of the basic traits you must develop it you're going to be successful in business, is a tight hold on your expenditures. In fact, a good rule of thumb is that anything that does not make money for yo or protect your investment, should not be purchased at this time. Very definitely, this applies to the expense of setting up your own corporation.
Unless you have a partnership and start your business as such, the only real advantage to forming a corporation would appear to be that a corporate structure will semi-protect the property you personally own.
As an example, you own a home and car. You form a corporation to protect these possessions from business losses. Yet, if you can be found guilty of misusing corporate funds, your business creditors can pierce the corporate shield and come after your possessions.
Basically, if you invest everything you have in your business, as most newcomers do, you don't usually need a corporation because you have nothing to protect. Your household possessions, personal belongings, generally your car, and even a portion of the equity in your home is protected by the homestead provision of the Federal Bankruptcy Act, and cannot be taken away from you.
As a sole proprietor or partner of a business you'll be paying taxes on your overall earnings, much the same as if you were holding down a salaried or hourly paid job. Whether you do or don't take out money as a salary will have no bearing on the earnings of your business and tax return.
The often advertised advantage of incorporating, that you can manipulate your salary in order to save on tax dollars, is real because of corporation laws. However, the IRS frowns on this practice. When your business is successful and making a lot of money, definitely check with your accountant on the advantages of incorporating.
As a corporation, you'll be subject to a number of other drawbacks as well: generally higher state taxes, stricter laws concerning the operation of your business, more elaborate accounting procedures, and legal papers that are required just about every time you make a major move or sign almost any contract. Thus, your legal and accounting fees will be much higher as a corporation than will those required for a sole proprietorship type of business.
As a sole proprietor or partnership, you'll find many areas require the registration of your business name. The cost however, is minimal, ranging from $5 to $100. About the best way to find out what laws apply in your area, is to call your bank and ask if they need a fictitious name registration card or certificate in order for you to open a business account.
Selecting a name for your business is quite important to you and particularly relative to advertising. Your business name should describe the product or services you offer. Fancy names such as, Linda's Clipping Service will lose potential "walk-in and passing" customers to the beauty shop across the street that calls itself, Patti's Beauty Salon or Jane's Hair Styling Shop.
The advantage of using your full name in the title of your business, such as Johnny Jones' Meat Lockers, has the advantage of making credit somewhat easier to come by - provided you pay your bills on time - but it also includes the disadvantage of confining your services to a local or at most, a regional area.
Should you buy, lease, or rent a space for your business? think twice before you make any decision along these lines. Most businesses tend to grow quickly or they never get off the ground.
There are a few exceptions, but only a very few, that tend to grow at a modified rate.
So, buying a piece of property and setting up your business on or within that property, obligates you to ownership regardless of what happens to your business.
Leases are almost always very strong contracts written by attorneys to the advantage of the property-owner. When you sign an agreement to pay someone for the use of their space over any length of time, you're "nailed in" to paying for that space regardless of what happens to your business.
In the beginning, it's wise to either get the shortest-term lease possible, or arrange to rent with an option to lease at a later date. This does not apply to a retail business, unless your particular business happens to be an untried one.
Definitely, you should open a business bank account. In selecting a bank for your business, scout around and look for one that can, and will help you. Determine what your banking needs will be, and then via telephone, interview the managers of the banks in your area. The important convenient bank to your business location.
A point to remember: the closer you can make the relationship between you and the bank manager, the better your chances are going to be for approval on loans and/or special favors you may need at a later date.
Try to become acquainted with as many of the bank employees as possible. The better you know them, the more courtesies they'll be extending especially to you in the course of your association.
Just as a doctor is a specialist in his field, and you go to him for medical problems, your banker is a specialist in his field and you should go to him for your money problems. In business, you'll have to learn that everyone is an expert in his own line of work, and in your associations with other business people, refrain from acting like a "sharpie" and/or pretending that you know exactly how everything works in someone else's specialty.
You'll find that very often, different banks specialize in different types of businesses. As an example, you're sure to find banks that specialize in real estate transactions, export- import businesses, and even manufacturing operations only.
What I'm saying here is that if you're planning to sella fairly expensive item, your customers will probably need and/or want financing. It will behoove you to select a bank familiar with your type of product that will afford your customers, through you, contract financing.
Some of the questions you should ask of your banker include the following:
Is it necessary to maintain a certain balance in your account before the bank will approve a loan for you? What qualifications must you have in order to obtain a line of credit with the bank?
Does the bank limit the number of loans, or types of loans it will approve for small businesses?
What is the bank's policy regarding the size of a check you might deposit that requires holding for collection?
And what about checks less than that amount - will they be immediately credited to your account?
In almost all types of businesses, it will be to your benefit to set up with your bank, a method of handling VISA, Master Charge, and regional credit cards. The important thing here is to ultimately set up your account in the bank that will service all of these credit transactions for you - one stop for all your banking needs. In most instances, you'll find that having the capability to fill orders/make sales via credit card transactions, will increase your volume of sales appreciatively.
Once you've made the decision as to which bank is going to handle your account, you'll need your Social Security Number or your Federal Employer's Identification Number, your driver's license, the fictitious name certificate, and if you're requesting a VISA or Master Charge franchise, you'll also need a financial statement.
For corporations, you'll also need a corporate resolution approving of the opening of your business account.
There are different policies exercised in just about every state regarding installation/hook-up charges by the telephone and utility companies. Some require a deposit, and some don't.
You'll find that a great number of city business license departments are there solely for the purpose of collecting another tax. Depending on the type of business you're asking a license for, the building and zoning people may inspect your premises for soundness of structure and safety. Generally, you won't encounter any difficulties - you simply pay your fee to operate your business in that city, and the clerk types your name onto a city license certificate.
Relative to sales tax permits and licenses, each state's rules and regulations very widely. The best thing to do is call your state offices and ask for information concerning registry and collection procedures. Many states require an advance deposit or bond, and you'll find that some wholesalers or manufacturers will not sell to you at wholesale prices until you can show them your sales tax permit or number.
Should your business entail selling your products or services across state lines, in another state, you're not required to collect taxes except in those where you have offices or stores.
You may find also that your particular business requires the collection of Federal Excise Taxes. For information along these lines, check in with your local office of the Internal Revenue Service.
Some states also require certain businesses to hold state licenses, such as those required in many states for TV Repairmen.
These are known as "occupational permits" and are most often required of barbers, hair stylists, real estate people and a number of other consumer oriented businesses. If you have any doubts, check with your state offices for a list of those occupations that require licensing.
Any business doing business in any type of interstate commerce is subject to federal regulations, usually through the Federal Trade Commission. This means that any business that shops, sells or advertises in more than one state is subject to such regulation, and this includes even the smallest of mail order operations.
Normally, very few business people ever have and contact with the federal regulatory agencies. The only exceptions being when there is a question of your operating your business unethically or illegally.
Any business that sells or distributes food in any manner almost always requires a county health department permit. If your business falls into this category, simply call the county health department and invite them out to your place of business for an inspection. The fees generally range from about $25, depending on the size of your business when they first inspect it for permit approval.
There are also a number of businesses that require inspection by a fire marshall, and fire department approval. Generally, these are those that handle flammable materials or attract large numbers of people, such as a theater. Overall, the local fire department has to be allowed to inspect your premises whenever they desire to do so.
You may also run into a requirement for an air and/or water pollution control permit. These specifically apply to any business that burns anything, discharges anything into the sewers or waterways, or use any gas-producing product, such as a paint sprayer.
Without a doubt, you'll need to check on local regulations relating to advertising display signs. Each city or township makes its own rules and then enforces those rules according to its own thinking -check before you contract to have a sign made for your business.
The design and placement of your sign is very important to your business - specifically to retail establishments - but let me remind you that your business sign is usually the first thing a potential customer sees and as such, it should catch his eye and leave an impression that lasts. It would be a good idea to ride around your town and take a look at the signs that catch your eye, and try to determine the impression of the business that sign leaves on you. This is a basic learning formula for determining the design, size and placement of your business sign.
Some of the other things to consider before opening for business - If you intend to employ one or more employees, you'll be required to deduct Federal Income Taxes, and Social Security payments from their checks. This will involve your filing for a Federal Tax Number and necessitates contact with your local IRS Office.
Most states have "unemployment taxes" which will have to be deducted from the paychecks of any employees you hire. And there are a number of states that have income taxes - disability insurance - and any number of other taxes. Again, the best thing to do is check with your local office of the IRS. And above all else, don't forget to ask for the rules of the minimum wage law, and comply.
When your business grows to the point of needing additional help, don't be afraid to look for and hire the help you need. when you're ready to hire someone, simply run an ad in your local paper and/or register your needs with the local office of your state's employment service. Businesses either grow or die, and those that grow eventually need more people in order to continue growing.
When that time comes, hire the additional people you need, and your business will continue growing. If you don't, for whatever reason, you'll find yourself married to your business and your business growth stymied.
Regardless of how small your business is when you begin, never walk in with the thought in mind that it's something to keep you busy. Anyone with an attitude of that kind is a fool. You begin and make a business successful in order to realize financial freedom. Establish your business. Put it on its feet, and then hire other people to do the work for you. And those businesses that require an operations manager, or someone to run a phase of the business you're too busy to handle, hire the person needed or the business will surely suffer.
To protect the investment of your business, you need business insurance. If you've never had any experience with business insurance, simply look under the heading of "business insurance" in your phone directory. Ask for bids from several different companies or agents...Primarily, you should have a policy that gives you general liability, fire, workmen's compensation, business interruption, and vehicle coverage. You amy also want coverage against possible losses related to burglary, robbery, Life & Accident, Key Man, and Fidelity Bonds.
As the sole proprietor of a business, you won't be paid as an employee, so there will be no income tax deducted from whatever you withdraw from the company's earnings. What you'll have to do is a gain check with the IRS Office for a Tax Guide For Small Businesses Handbook, and probably end up filing an estimated tax return on a quarterly basis.
The minute you open your doors for business, you'll have to spend some time engaged in the work of bookkeeping. Exactly how, and using what forms, you keep books, should be on the recommendations of a good tax counselor...The same holds true for your overall business and/or payroll accounting system. Look for an experienced CPA that knows the accounting problems to your particular kind of business, and solicit his advise/counseling.
If your business is going to involve the possible purchase or lease of operating equipment, again seek the help of your tax counselor for the most advantageous method of obtaining the needed equipment.
Basically, arranging for your suppliers to give you materials on credit will depend upon your honesty and personal financial statement. The best way is usually a personal visit to the person with the power to approve or disapprove of credit at the company where you want to set up a credit account. Show him your financial statement, and explain your prospects for success. Then assure him that you've always honored all of your obligations, and that if ever there's a question or problem, you'd like for him to call you at home. And of course, give him your home phone number.
We won't go into the exigencies of advertising your products, services or business here, but there is something along these lines you should always keep in mind. The best kind of advertising your business can receive is that you don't really pay for - publicity.
When something unusual happens to you, your business, or your employees - that's news, so be sure to tell the news media in your area about it.
The most important ingredient of your eventual success will be the soundness of the planning you did before you started your business. Any number of bad things can really throw your business into a tailspin, but it you've done your homework well - really set up a detailed business plan before starting - your losses or setbacks will be minimal. Success takes planning, and within this report, you've got a basic checklist...The rest is up to you...Good luck, and may your life overflow with success in all that you undertake from this moment forward. ---------------------------------------------------------
Julia Tang publishes Smart Online Business Tips, a fresh
and informative newsletter dedicated to supporting people
like you! To find out the best online business opportunities,
and to discover hundreds more proven and practical internet
marketing secrets, plus FREE internet marketing products
worth over $200, visit: http://www.best-internet-businesses.com
----------------------------------------------------------
Note: Feel free to publish it with the resource box and content unchanged
Article Source: http://EzineArticles.com/?expert=Julia_Tang
http://EzineArticles.com/?The-Secrets-of-Starting-Business-Successfully&id=4240
Monday, April 30, 2007
Credit Card Equipment Leasing and Supplier in US
Using Equipment Leasing As A Competitive Weapon
By George A. Parker
Most great generals know how to design winning battle plans.
They also know how to use their resources to gain advantages
over the enemy. For these military leaders, getting enough
tanks, aircraft, ships and armaments into the hands of the
right personnel can spell military victory or defeat.
In the business arena, gaining access to certain resources and
getting them into able hands can also determine success. Many
successful business leaders have discovered that equipment
leasing can make a significant difference when competing in the
marketplace. In fact, equipment leasing has become a competitive
weapon for business managers who understand how and when to use
this helpful financing tool.
Here are some ways savvy business owners and managers use
equipment leasing to gain advantage over their competitors:
To Develop a Financing War Chest
Equipment leasing allows companies to finance more activities
to compete effectively. It supplements other forms of
financing, such as equity capital, bank debt, trade credit and
mortgage financing. Astute business managers understand that
access to a variety of useful financing affords them certain
options and gives them an advantage over competitors with
limited financing.
Maintaining State-of-the-Art Technology
Being able to acquire and use state-of-the-art equipment and
software can give many companies a noticeable competitive
advantage. This advantage can be particularly significant in
research, product development, marketing and operations. By
using equipment leasing, companies are able to better manage
technology turnover. Many managers use operating leases to
acquire state-of-the-art equipment for fixed time periods. At
lease end, they are then able to rid themselves of obsolete
equipment by returning the equipment to the lessors.
Stretching Equity Capital
Equity capital is often the most flexible form of business
funding. It allows companies to undertake high-impact growth
activities like adding key personnel, conducting research and
development, and expanding marketing programs. Equipment
leasing is dedicated financing. It permits companies to add
equipment efficiently. In this context, equipment leasing helps
to leverage and stretch a company’s equity capital by freeing it
up for other uses. When used properly, the overall impact of
equipment leasing is to leverage equity returns. High equity
returns attract investors and permit companies to source more
equity capital in the future.
Equipping Talented People to Do Battle
Using leasing to get the best software and hardware into the
hands of talented personnel is a competitive advantage.
Companies that quickly get equipment into the hands of talented
workers at every level usually compete more effectively in the
marketplace.
Accelerating Company Growth
Equipment leasing facilitates faster company growth. It allows
companies to add infrastructure faster by bringing in equipment
earlier and paying over time. In this regard, leasing affords a
competitive advantage over companies that wait to purchase
equipment outright.
Defending Working Capital
Sophisticated business managers have discovered how to keep
pressure off of their companies’ working capital. Compared to
outright purchase, equipment leasing has a low impact on
working capital. Leasing allows companies to avoid large
upfront outlays while spreading equipment acquisition costs
over an extended period. Using equipment leasing to manage
working capital permits companies to pay bills on time and to
operate smoothly. They are then able to gain a competitive
advantage over companies that haven’t mastered this technique.
Maximizing Tax Benefits
Sophisticated companies are able to maximize tax benefits by
carefully using equipment lease structures. By entering into
operating leases and being able to fully deduct lease payments,
companies that can’t otherwise use depreciation write-offs can
still realize tax benefits. Capital leases allow companies that
can use depreciation write-offs to take advantage of this
feature. Tax benefits further reduce the cost of acquiring
equipment. These benefits can often make equipment leasing a
more efficient means of acquiring equipment compared to other
methods.
Turbo-Charging Equipment Sales
For companies selling equipment, offering equipment leasing to
customers at the point of sale can help establish a significant
competitive advantage. Convenient equipment financing at the
point of sale can eliminate a major selling challenge— the
customer’s lack of financing for the purchase. Equipment
sellers offering leasing give their customers a means of
acquiring the equipment and realizing the full benefits of
equipment leasing. This sales-financing strategy represents a
clear advantage over sellers who let customers fend for
themselves.
Savvy business owners and managers understand the benefits of
equipment leasing. They also understand how to exploit leasing
for competitive advantage. The challenge for them is to
optimize leasing to realize the biggest gains and to compete
more effectively. It is no wonder that equipment leasing in the
U.S. has grown to over $ 240 billion annually and accounts for
more than 30% of equipment acquisitions. Consider equipment
leasing when designing your battle plans. Don’t allow your
competitors to use leasing against you to win the battle in
your market.
About the Author: George Parker is a Director and Executive
Vice President of Leasing Technologies International, Inc.
(“LTI”). Headquartered in Wilton, CT, LTI is a leasing firm
specializing nationally in equipment financing programs for
emerging growth and later-stage, venture capital backed
companies. More information about LTI is available at:
www.ltileasing.com.
Source: http://www.isnare.com
By George A. Parker
Most great generals know how to design winning battle plans.
They also know how to use their resources to gain advantages
over the enemy. For these military leaders, getting enough
tanks, aircraft, ships and armaments into the hands of the
right personnel can spell military victory or defeat.
In the business arena, gaining access to certain resources and
getting them into able hands can also determine success. Many
successful business leaders have discovered that equipment
leasing can make a significant difference when competing in the
marketplace. In fact, equipment leasing has become a competitive
weapon for business managers who understand how and when to use
this helpful financing tool.
Here are some ways savvy business owners and managers use
equipment leasing to gain advantage over their competitors:
To Develop a Financing War Chest
Equipment leasing allows companies to finance more activities
to compete effectively. It supplements other forms of
financing, such as equity capital, bank debt, trade credit and
mortgage financing. Astute business managers understand that
access to a variety of useful financing affords them certain
options and gives them an advantage over competitors with
limited financing.
Maintaining State-of-the-Art Technology
Being able to acquire and use state-of-the-art equipment and
software can give many companies a noticeable competitive
advantage. This advantage can be particularly significant in
research, product development, marketing and operations. By
using equipment leasing, companies are able to better manage
technology turnover. Many managers use operating leases to
acquire state-of-the-art equipment for fixed time periods. At
lease end, they are then able to rid themselves of obsolete
equipment by returning the equipment to the lessors.
Stretching Equity Capital
Equity capital is often the most flexible form of business
funding. It allows companies to undertake high-impact growth
activities like adding key personnel, conducting research and
development, and expanding marketing programs. Equipment
leasing is dedicated financing. It permits companies to add
equipment efficiently. In this context, equipment leasing helps
to leverage and stretch a company’s equity capital by freeing it
up for other uses. When used properly, the overall impact of
equipment leasing is to leverage equity returns. High equity
returns attract investors and permit companies to source more
equity capital in the future.
Equipping Talented People to Do Battle
Using leasing to get the best software and hardware into the
hands of talented personnel is a competitive advantage.
Companies that quickly get equipment into the hands of talented
workers at every level usually compete more effectively in the
marketplace.
Accelerating Company Growth
Equipment leasing facilitates faster company growth. It allows
companies to add infrastructure faster by bringing in equipment
earlier and paying over time. In this regard, leasing affords a
competitive advantage over companies that wait to purchase
equipment outright.
Defending Working Capital
Sophisticated business managers have discovered how to keep
pressure off of their companies’ working capital. Compared to
outright purchase, equipment leasing has a low impact on
working capital. Leasing allows companies to avoid large
upfront outlays while spreading equipment acquisition costs
over an extended period. Using equipment leasing to manage
working capital permits companies to pay bills on time and to
operate smoothly. They are then able to gain a competitive
advantage over companies that haven’t mastered this technique.
Maximizing Tax Benefits
Sophisticated companies are able to maximize tax benefits by
carefully using equipment lease structures. By entering into
operating leases and being able to fully deduct lease payments,
companies that can’t otherwise use depreciation write-offs can
still realize tax benefits. Capital leases allow companies that
can use depreciation write-offs to take advantage of this
feature. Tax benefits further reduce the cost of acquiring
equipment. These benefits can often make equipment leasing a
more efficient means of acquiring equipment compared to other
methods.
Turbo-Charging Equipment Sales
For companies selling equipment, offering equipment leasing to
customers at the point of sale can help establish a significant
competitive advantage. Convenient equipment financing at the
point of sale can eliminate a major selling challenge— the
customer’s lack of financing for the purchase. Equipment
sellers offering leasing give their customers a means of
acquiring the equipment and realizing the full benefits of
equipment leasing. This sales-financing strategy represents a
clear advantage over sellers who let customers fend for
themselves.
Savvy business owners and managers understand the benefits of
equipment leasing. They also understand how to exploit leasing
for competitive advantage. The challenge for them is to
optimize leasing to realize the biggest gains and to compete
more effectively. It is no wonder that equipment leasing in the
U.S. has grown to over $ 240 billion annually and accounts for
more than 30% of equipment acquisitions. Consider equipment
leasing when designing your battle plans. Don’t allow your
competitors to use leasing against you to win the battle in
your market.
About the Author: George Parker is a Director and Executive
Vice President of Leasing Technologies International, Inc.
(“LTI”). Headquartered in Wilton, CT, LTI is a leasing firm
specializing nationally in equipment financing programs for
emerging growth and later-stage, venture capital backed
companies. More information about LTI is available at:
www.ltileasing.com.
Source: http://www.isnare.com
Saturday, April 28, 2007
Credit Card Equipment Leasing and Supplier in US
How To Choose An Equipment Leasing Company
By George A. Parker
Leasing has become a preferred form of equipment financing,
accounting for more than 30% of business equipment
acquisitions. Each year, thousands of U.S. companies face the
challenge of finding attractive financing to acquire business
equipment. Many of these companies approach the lease sourcing
process seeking the lowest lease rate. While securing a low
rate is a worthwhile goal in choosing a leasing arrangement, it
alone is usually not a reliable standard for obtaining the best
lease transaction or leasing experience.
To obtain attractive lease proposals and to avoid lease
blunders, make sure you choose the right leasing companies to
bid. Ultimately, the wrong lessor choice can result in a slow
approval, inability of the lessor to deliver, hidden fees,
substandard lease terms, or worst. To secure the best lease
arrangement, you must do your homework in pre-qualifying
bidding leasing companies. Give this aspect of obtaining an
attractive lease arrangement your highest priority.
How Leasing Companies Differ
Leasing companies can vary in a number of ways. Some specialize
in specific industries, some in lease types, some in certain
equipment types, and still others in transaction sizes. For
example, some leasing companies specialize only in a single
industry like health care, printing, agriculture, or
transportation. Others focus exclusively on a lease type. They
may only offer operating leases for equipment with attractive
residual values. Some lessors specialize in full-payout finance
leases. Still others focus on small ticket transactions with
equipment cost under $ 100,000. It is important to understand
the specialization of the lessors bidding on your lease
transaction. To get the most attractive deal and to avoid the
run-around, stick with lessors who focus on the type of
transaction you are seeking.
Leasing companies also differ in resources and capabilities.
Many large leasing companies are owned by banks, financial
companies, or other large industrial concerns. These firms
usually have abundant resources and expertise in a number of
leasing segments. Mid-size and smaller leasing companies
greatly outnumber large lessors. While these companies cannot
match the resources of their larger brethren, they often have
highly skilled professionals, sufficient resources and more
flexibility to meet lessee needs. The goal is to obtain the
best leasing arrangement for your firm. By establishing
priorities for the leasing arrangement you are seeking, you
will be able to determine whether a leasing firm with sizeable
resources or one that is nimble and flexible is a better
choice.
When And Where To Look
The time to start your search for a leasing company is early in
the lease-planning phase, once you have established criteria for
a leasing arrangement. Some criteria to consider for a leasing
arrangement are: pricing, monthly cash outlay, financial
statement impact, the appropriate lease type, lease term, lease
flexibility, lease facility size, and whether your equipment
will be accepted for lease. Use criteria like these and the
qualities you are seeking in a leasing company to start your
lessor search.
A great starting point for finding bidding leasing companies is
through professional and personal referrals. Check with your
attorney, your accountant, bank contacts and colleagues in your
industry. Also ask friends and acquaintances who use leasing in
their businesses. Asked them for contacts at leasing companies
that specialize in your industry or that offer the type of
lease you are seeking. Call your industry association and ask
whether they have names of leasing companies serving others in
your industry.
Another approach is to call a couple of the major equipment
leasing trade associations. Major association websites include:
www.elaonline.com, www.eael.org, www.uael.org, www.naelb.org,
www.aglf.org, www.mael.org, and www.nvla.org. Describe the type
of equipment and the industry you are in. Ask whether they are
in a position to provide you with a list of members to contact
regarding your lease. If you receive such a list, you may need
to narrow the candidates based on further homework and the
criteria you have established.
Evaluating Leasing Companies
Qualities to look for in any leasing company you consider
include: 1) experience and expertise; 2) reputation; 3) ability
to perform; and 4) a relationship approach.
Interview prospective bidders carefully. Discuss their
expertise and experience in the leasing business. Ask about
experience with the type of transaction you are seeking,
involvement with similar firms in your industry, and the types
of lease products they offer firms like yours. Discuss your
equipment needs. Find out whether they will be able to lease
most of the equipment you need. Ask whether they will finance
your lease using internal funding or whether they will broker
the lease to another funding source.
Get enough information from and about bidding lessors to decide
whether to include them in the bid process. If possible, ask for
financial information from potential bidders to evaluate their
financial condition. Also, if you can, obtain a Dunn and
Bradstreet report (“D&B”) for each bidder. In the D&B report,
look for lawsuits filed against the lessor, judgments, severe
payment delinquencies, poor financial performance and similar
issues that might impact performance on a new lease
transaction.
Ask for and check customer, vendor, bank and trade references
for each lessor. Contact each reference and verify key
information given to you by the lessor. Ask how the lessor
handles its account and whether there have ever been any
problems or issues. Ask customer references about the lessor’s
ability to perform and about attentiveness to customer problems
and concerns.
Investigate bidders online. Check Google (www.google.com) to
see whether prospective bidders appear in any newsworthy
articles. Hit the message boards and newsgroups. Look for
unresolved problems, fraud, financial problems, success
stories, and awards. Visit bidders’ websites to get as much
information as possible before extending an invitation to bid.
You may be able to screen out undesirables.
Lastly, make sure prospective bidders belong to one or more
industry trade association. While membership alone does not
speak for the integrity or expertise of members, most of the
associations set standards of conduct for their members.
A Word About Lease Brokers
Lease brokers serve roles similar to insurance brokers. They
profit by placing lease transactions with the ultimate
financing sources for those transactions. You should decide
whether a lease broker would serve you better than seeking
direct bids from lessors. Lease brokers can be useful in
finding sources for difficult transactions, due to weak credit
or unattractive equipment. They also can be useful in placing
transactions that are highly specialized. Only work with lease
brokers who have high integrity, who have a good understanding
of leasing, and who understand the market you are in.
The entry bar for becoming a lease broker is relatively low and
not all brokers are well trained or reputable. Check the
broker’s references and capabilities thoroughly. Check to see
whether the broker belongs to the national trade association
for lease brokers, NAELB (www.naelb.org) or to one of the other
major equipment leasing associations. Use the same guidelines
for evaluating brokers as outlined above for leasing companies.
Parting Words Of Caution
Avoid high-pressure lease sellers. Whether they are brokers or
leasing company representatives, the odds of you being misled
or disappointed with the outcome are very high. Only work with
lease representatives or brokers who have a good understanding
of leasing and who are sensitive to your needs. To do otherwise
might result in delays or disappointment.
Avoid giving lease deposits or advance rentals to brokers.
Brokers do not provide the financing directly and, in
possession of your money, represent a potential credit risk.
If the lease broker or leasing representative says anything
that constitutes a significant misrepresentation, walk away.
Chances are the first such misrepresentation won’t be the last.
There are too many knowledgeable leasing professionals with high
integrity. Avoid spending time with those who are
unprofessional.
Lastly, make sure you get at least three or four lease bids
from qualified lessors, if you can. At the end of the day,
lease pricing is market driven. Getting several bids will help
ensure that you get competitive pricing and terms.
Choosing the right leasing company is worth the effort. By
taking a few easy steps during the planning and bidding phases
of the lease procurement process, you can eliminate or greatly
reduce time wasted with unqualified lessors. You can also avoid
getting the run-around. Allow enough time to carefully check out
all bidders. Be partial to lessors with high integrity, great
reputations for performance, good expertise and who communicate
well with you. You will invest a little time upfront, but you
will thank yourself later.
About the Author: George Parker is a Director and Executive
Vice President of Leasing Technologies International, Inc.
(“LTI”). Headquartered in Wilton, CT, LTI is a leasing firm
specializing nationally in equipment financing programs for
emerging growth and later-stage, venture capital backed
companies. More information about LTI is available at:
www.ltileasing.com.
Source: http://www.isnare.com
By George A. Parker
Leasing has become a preferred form of equipment financing,
accounting for more than 30% of business equipment
acquisitions. Each year, thousands of U.S. companies face the
challenge of finding attractive financing to acquire business
equipment. Many of these companies approach the lease sourcing
process seeking the lowest lease rate. While securing a low
rate is a worthwhile goal in choosing a leasing arrangement, it
alone is usually not a reliable standard for obtaining the best
lease transaction or leasing experience.
To obtain attractive lease proposals and to avoid lease
blunders, make sure you choose the right leasing companies to
bid. Ultimately, the wrong lessor choice can result in a slow
approval, inability of the lessor to deliver, hidden fees,
substandard lease terms, or worst. To secure the best lease
arrangement, you must do your homework in pre-qualifying
bidding leasing companies. Give this aspect of obtaining an
attractive lease arrangement your highest priority.
How Leasing Companies Differ
Leasing companies can vary in a number of ways. Some specialize
in specific industries, some in lease types, some in certain
equipment types, and still others in transaction sizes. For
example, some leasing companies specialize only in a single
industry like health care, printing, agriculture, or
transportation. Others focus exclusively on a lease type. They
may only offer operating leases for equipment with attractive
residual values. Some lessors specialize in full-payout finance
leases. Still others focus on small ticket transactions with
equipment cost under $ 100,000. It is important to understand
the specialization of the lessors bidding on your lease
transaction. To get the most attractive deal and to avoid the
run-around, stick with lessors who focus on the type of
transaction you are seeking.
Leasing companies also differ in resources and capabilities.
Many large leasing companies are owned by banks, financial
companies, or other large industrial concerns. These firms
usually have abundant resources and expertise in a number of
leasing segments. Mid-size and smaller leasing companies
greatly outnumber large lessors. While these companies cannot
match the resources of their larger brethren, they often have
highly skilled professionals, sufficient resources and more
flexibility to meet lessee needs. The goal is to obtain the
best leasing arrangement for your firm. By establishing
priorities for the leasing arrangement you are seeking, you
will be able to determine whether a leasing firm with sizeable
resources or one that is nimble and flexible is a better
choice.
When And Where To Look
The time to start your search for a leasing company is early in
the lease-planning phase, once you have established criteria for
a leasing arrangement. Some criteria to consider for a leasing
arrangement are: pricing, monthly cash outlay, financial
statement impact, the appropriate lease type, lease term, lease
flexibility, lease facility size, and whether your equipment
will be accepted for lease. Use criteria like these and the
qualities you are seeking in a leasing company to start your
lessor search.
A great starting point for finding bidding leasing companies is
through professional and personal referrals. Check with your
attorney, your accountant, bank contacts and colleagues in your
industry. Also ask friends and acquaintances who use leasing in
their businesses. Asked them for contacts at leasing companies
that specialize in your industry or that offer the type of
lease you are seeking. Call your industry association and ask
whether they have names of leasing companies serving others in
your industry.
Another approach is to call a couple of the major equipment
leasing trade associations. Major association websites include:
www.elaonline.com, www.eael.org, www.uael.org, www.naelb.org,
www.aglf.org, www.mael.org, and www.nvla.org. Describe the type
of equipment and the industry you are in. Ask whether they are
in a position to provide you with a list of members to contact
regarding your lease. If you receive such a list, you may need
to narrow the candidates based on further homework and the
criteria you have established.
Evaluating Leasing Companies
Qualities to look for in any leasing company you consider
include: 1) experience and expertise; 2) reputation; 3) ability
to perform; and 4) a relationship approach.
Interview prospective bidders carefully. Discuss their
expertise and experience in the leasing business. Ask about
experience with the type of transaction you are seeking,
involvement with similar firms in your industry, and the types
of lease products they offer firms like yours. Discuss your
equipment needs. Find out whether they will be able to lease
most of the equipment you need. Ask whether they will finance
your lease using internal funding or whether they will broker
the lease to another funding source.
Get enough information from and about bidding lessors to decide
whether to include them in the bid process. If possible, ask for
financial information from potential bidders to evaluate their
financial condition. Also, if you can, obtain a Dunn and
Bradstreet report (“D&B”) for each bidder. In the D&B report,
look for lawsuits filed against the lessor, judgments, severe
payment delinquencies, poor financial performance and similar
issues that might impact performance on a new lease
transaction.
Ask for and check customer, vendor, bank and trade references
for each lessor. Contact each reference and verify key
information given to you by the lessor. Ask how the lessor
handles its account and whether there have ever been any
problems or issues. Ask customer references about the lessor’s
ability to perform and about attentiveness to customer problems
and concerns.
Investigate bidders online. Check Google (www.google.com) to
see whether prospective bidders appear in any newsworthy
articles. Hit the message boards and newsgroups. Look for
unresolved problems, fraud, financial problems, success
stories, and awards. Visit bidders’ websites to get as much
information as possible before extending an invitation to bid.
You may be able to screen out undesirables.
Lastly, make sure prospective bidders belong to one or more
industry trade association. While membership alone does not
speak for the integrity or expertise of members, most of the
associations set standards of conduct for their members.
A Word About Lease Brokers
Lease brokers serve roles similar to insurance brokers. They
profit by placing lease transactions with the ultimate
financing sources for those transactions. You should decide
whether a lease broker would serve you better than seeking
direct bids from lessors. Lease brokers can be useful in
finding sources for difficult transactions, due to weak credit
or unattractive equipment. They also can be useful in placing
transactions that are highly specialized. Only work with lease
brokers who have high integrity, who have a good understanding
of leasing, and who understand the market you are in.
The entry bar for becoming a lease broker is relatively low and
not all brokers are well trained or reputable. Check the
broker’s references and capabilities thoroughly. Check to see
whether the broker belongs to the national trade association
for lease brokers, NAELB (www.naelb.org) or to one of the other
major equipment leasing associations. Use the same guidelines
for evaluating brokers as outlined above for leasing companies.
Parting Words Of Caution
Avoid high-pressure lease sellers. Whether they are brokers or
leasing company representatives, the odds of you being misled
or disappointed with the outcome are very high. Only work with
lease representatives or brokers who have a good understanding
of leasing and who are sensitive to your needs. To do otherwise
might result in delays or disappointment.
Avoid giving lease deposits or advance rentals to brokers.
Brokers do not provide the financing directly and, in
possession of your money, represent a potential credit risk.
If the lease broker or leasing representative says anything
that constitutes a significant misrepresentation, walk away.
Chances are the first such misrepresentation won’t be the last.
There are too many knowledgeable leasing professionals with high
integrity. Avoid spending time with those who are
unprofessional.
Lastly, make sure you get at least three or four lease bids
from qualified lessors, if you can. At the end of the day,
lease pricing is market driven. Getting several bids will help
ensure that you get competitive pricing and terms.
Choosing the right leasing company is worth the effort. By
taking a few easy steps during the planning and bidding phases
of the lease procurement process, you can eliminate or greatly
reduce time wasted with unqualified lessors. You can also avoid
getting the run-around. Allow enough time to carefully check out
all bidders. Be partial to lessors with high integrity, great
reputations for performance, good expertise and who communicate
well with you. You will invest a little time upfront, but you
will thank yourself later.
About the Author: George Parker is a Director and Executive
Vice President of Leasing Technologies International, Inc.
(“LTI”). Headquartered in Wilton, CT, LTI is a leasing firm
specializing nationally in equipment financing programs for
emerging growth and later-stage, venture capital backed
companies. More information about LTI is available at:
www.ltileasing.com.
Source: http://www.isnare.com
Wednesday, April 25, 2007
Credit Card Equipment Leasing and Supplier in US
How To Accept Credit Card Sales
By Shane Penrod
No matter how long you’ve been in business, you may not be sure about how to accept credit card sales from your clients. Perhaps you long to start processing credit payments so you can increase the amount of your sales revenue or offer your clients more payment transactions. Maybe you’re just tired of chasing bad checks or waiting for monthly payments on client accounts. If you’re ready to add credit card processing to your line of customer services, a merchant services account may be just what you need.
A merchant account associate can show you how to accept credit card sales by using the right type of processing equipment. By signing up for a merchant account, you will soon find out if you’re approved, and upon approval, you can start using your account to implement a credit processing system for just about any type of business you’re in. A simple credit card terminal equipped with a printer can be plugged into an outlet at your store or shop to let your customers quickly swipe credit cards for easy payments on the purchases they make. Your merchant account underwriter will charge a certain amount for each transaction, or you might be able to opt for a low percentage rate on your monthly credit payment volume. If you’re in a window washing or another service business, or if you deliver items like baked goodies, you can lease or buy a wireless credit card processor to take with you in your travels for point-of-sale credit card payments.
How soon can a merchant account let you know how to accept credit card sales? The first thing to do is find a bank or another financial backer who will provide this type of account for your business. Then apply for your company account by filling out an online application or by completing and mailing a printed form. Some banks may charge an application fee of $100 or more, so find out ahead of time if you will need to pay this fee, and if so, you might want to consider shopping for another account provider. Also check into the costs associated with a particular merchant account so you can find the best deal, as these can carry several types of fees, some of which may at first appear to be hidden. When your account is approved, you can immediately get set up with the right equipment to handle credit card payments, e-checks, and debit payments as well. You may even want to consider setting up a digital processing system so your customers can dial a toll-free number, browse products online or from a print catalogue they have already received, and punch in their orders as well as a credit card number and expiration date for payment. You don’t even have to hire someone to staff the phone line, although it is probably a good idea to have someone available for a few hours during a typical business day.
Ask your bank or another financial lender to tell you more about the ways in which a merchant account can show you how to accept credit card sales.
About The Author
Shane Penrod is the founder of http://www.Merchant-Account-Quotes.com Specializing in allowing merchants the ability to shop and compare multiple quotes from national merchant account providers. For free quotes on merchant account rates and fees, please go to http://www.merchant-account-quotes.com
Article Source: http://EzineArticles.com/?expert=Shane_Penrod
http://EzineArticles.com/?How-To-Accept-Credit-Card-Sales&id=226518
By Shane Penrod
No matter how long you’ve been in business, you may not be sure about how to accept credit card sales from your clients. Perhaps you long to start processing credit payments so you can increase the amount of your sales revenue or offer your clients more payment transactions. Maybe you’re just tired of chasing bad checks or waiting for monthly payments on client accounts. If you’re ready to add credit card processing to your line of customer services, a merchant services account may be just what you need.
A merchant account associate can show you how to accept credit card sales by using the right type of processing equipment. By signing up for a merchant account, you will soon find out if you’re approved, and upon approval, you can start using your account to implement a credit processing system for just about any type of business you’re in. A simple credit card terminal equipped with a printer can be plugged into an outlet at your store or shop to let your customers quickly swipe credit cards for easy payments on the purchases they make. Your merchant account underwriter will charge a certain amount for each transaction, or you might be able to opt for a low percentage rate on your monthly credit payment volume. If you’re in a window washing or another service business, or if you deliver items like baked goodies, you can lease or buy a wireless credit card processor to take with you in your travels for point-of-sale credit card payments.
How soon can a merchant account let you know how to accept credit card sales? The first thing to do is find a bank or another financial backer who will provide this type of account for your business. Then apply for your company account by filling out an online application or by completing and mailing a printed form. Some banks may charge an application fee of $100 or more, so find out ahead of time if you will need to pay this fee, and if so, you might want to consider shopping for another account provider. Also check into the costs associated with a particular merchant account so you can find the best deal, as these can carry several types of fees, some of which may at first appear to be hidden. When your account is approved, you can immediately get set up with the right equipment to handle credit card payments, e-checks, and debit payments as well. You may even want to consider setting up a digital processing system so your customers can dial a toll-free number, browse products online or from a print catalogue they have already received, and punch in their orders as well as a credit card number and expiration date for payment. You don’t even have to hire someone to staff the phone line, although it is probably a good idea to have someone available for a few hours during a typical business day.
Ask your bank or another financial lender to tell you more about the ways in which a merchant account can show you how to accept credit card sales.
About The Author
Shane Penrod is the founder of http://www.Merchant-Account-Quotes.com Specializing in allowing merchants the ability to shop and compare multiple quotes from national merchant account providers. For free quotes on merchant account rates and fees, please go to http://www.merchant-account-quotes.com
Article Source: http://EzineArticles.com/?expert=Shane_Penrod
http://EzineArticles.com/?How-To-Accept-Credit-Card-Sales&id=226518
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