When you are looking for financing for your business, you need good business credit. Having business credit that is separate from personal credit is a good idea, since it can protect your personal finances from business failure, and it can help you establish your business as its own credit-worthy entity. Here are some business credit considerations:

Multiple accounts: With personal credit, multiple accounts, even if they are in good standing, can be detrimental. Business credit is different, though. Multiple active business credit accounts in good standing boost your business credit score.
Payment timeliness: One of the biggest factors in your business credit …read more

Financial stocks can’t seem to hold onto gains made earlier. Indeed, today, the stock market opened higher. However, early gains have been erased as concerns about the health of financial companies continue to loom large. Right now, these financial companies rely a great deal on a housing market recovery. While the first time home buyer tax credit was a major player in the housing market recovery, confidence in financial companies was higher.
However, now that it appears that things are snagging with regard to an extension of the first time home buyer tax credit, there are concerns about the cash flow …read more

In the world of personal finance, and advance is something that is not particular desirable. It indicates that you are out of money, and that you might need a little bit more to plug the gaps in your cash flow.
In business finance, though, an advance is a little bit different. All businesses need loans to meet their needs, and many businesses ask for some sort of advance payment. Indeed, when customers buy something, they are used to paying first and then receiving the item. Additionally, even companies that provide services often ask for some part of the fee to be …read more

One of the things that can hold you back on the path to financial freedom is bad habits. There are plenty of poor personal finance decisions that you could be making. However, unless you make changes to the bad habits that engender these moves, you will find yourself never quite reaching your full financial potential. Here are some things you should consider as you work toward changing your personal finance style:

Acknowledge that you have a problem, and that you can fix it. Many people avoid taking responsibility for their finances, instead pushing off their situation on external factors. While there …read more

One thing that many entrepreneurs do when they are starting a business is to use their personal credit get the ball rolling. While this may be the only way to get started, it is important to realize that it is vital that your business have its own credit as well. You want to make sure that your business is building up credit in its own right, so that you can eventually get the loans you need for your business on the credit worthiness of your business.
Keeping business separate from personal credit
You want to be able to protect your personal finances …read more

One of the most important things you can do as a business is to make sure that you are the kind of business a lender is interested in providing financing to. One of the most important things that lenders look for is your payment history. While there is a lot you can do to make sure that you are paying on time, there are instances in which your payment is hindered by money owed to you.
If your clients are slow paying you, then you could be slow paying your own vendors, or making payments on a business loan. Without the …read more

Recently, the Obama Administration expressed its desire to complete a regulatory overhaul of the financial system. As part of that overhaul, some are considering that regulators may need more power to limit bank bonuses.
Tying bank executive bonuses to risk
One of the issues right now is the fact that executive bonuses are not usually tied to risk. This means that bank executives could get paid big bucks for moves that may mean immediate profits, but bring on added risk down the road — risk that could lead a financial market meltdown like we saw last year. The scrutiny comes as severance …read more

One of the things you hear from personal finance bloggers, gurus and even financial planners is that you should keep track of your expenses. However, few of us really do sit down and look over what we’re spending our money on. Over at Frugal Dad, there is a great post on running your household like a business. One of the items that really stuck with me was the idea of a financial review.
Review your spending
It is vital that you review your spending. Keep track of your expenses so that you can review where your money is going. Organizing your expenses …read more

While the world of trading securities is meant to be open to everyone and fair to all its participants, at least in a perfect world, critics have argued for a while that many large trading firms had an unfair advantage due to flash orders. These moves allow trading firms to freeze the order of an exchange for as long as half a second, which allows them to get a quick glimpse into the market and adjust their transaction accordingly.
 
SEC Chairman Mary Schapiro worried that flash orders could eventually create a “two-tiered market” in which long-term and short-term investors end up …read more

One of the financial tools available to business owner to help manage their business finances is Quickbooks. Quickbooks has different levels of access for users. The versions that are available are the free version, Simple Start, or the desktop or the online version.
Whichever one you choose, you would definitely want to read the interview below that I conducted with Ruth Perryman. In the interview below, she shares information that would be very helpful to those researching for financial software to handle their business finances.
If you have a specific question that Ruth can help you with:

Visit the “Ask the QuickBooks Specialists” …read more