Expenses Archives

Milking the Business

By Ted Jenkin | Jun 13, 2013

If you have worked for a corporation for a few years before you start your own venture, you need to really prepare for the first time of not having a paycheck every two weeks. While you hear stories about all the personal things that your business can pay for through the company, milking your company can be a very big problem.

Avoiding Charge-Backs

By Bluefin.com | Jun 11, 2013

A charge-back is a credit card processed sales transaction that occurs when your customer disputes the transaction or when you fail to follow proper credit card acceptance and authorization procedures. The result of a charge-back is a reversal of the transaction, the withdrawal of funds from your merchant account and a deposit of the funds back into your customer’s account.

Business Categorization, Industry, Location, and the Impact on Merchant Rates

By Bluefin.com | Jun 11, 2013

There are many factors that will determine what kind of fees you are charged by your processor. There are some factors that you can control, such as limiting charge-backs and fraud exposure, and others that you cannot, such as how you accept payments, your industry, and your physical business location.

Factors That Determine the Transaction Fee Effective Rate

By Bluefin.com | Jun 11, 2013

Transaction fees, also called effective rates or merchant fees, are fees that are charged to you by your payment processor on each transaction processed. The fee includes the bank interchange, the credit card association fees, and the processor fee. There are several factors that will determine your transaction fees:

Why Small Businesses Should Use Electronic Invoicing and Payments

By StartInvoicing.com | Jun 10, 2013

The old basic billing and payment system not only took significant time to generate invoices, but due to traditional mailing methods, it also took a great deal of time before the invoice was in the hands of the client.

Cutting Expenses: 4 Reasons Your Business Needs to Capitalize on Discounts

By Outright | Jun 7, 2013

Small businesses succeed, in large part, because of entrepreneurs’ efforts to minimize costs and increase efficiency. Unfortunately, too many business owners become complacent in their daily operations and forget to actively search for the best deal.

How to Keep Your Small Business Alive During Tough Financial Times

By StartInvoicing.com | Jun 7, 2013

Small business owners need to be savvy and come up with real ways to reduce their expenses and increase their cash flow. In simple terms, less money needs to be leaving your account and more money needs to be coming in. It is an obvious statement to say that you need higher profits, but so many companies are missing opportunities to do just that.

7 Key Elements of a Successful Crowdfunding Campaign

By YEC | Jun 4, 2013

Crowdfunding can be an effective tool for accomplishing your startup goals. Whether you’re looking to jumpstart your marketing efforts, expand your customer base, or reach out to friends and family for funding, crowdfunding provides a platform to rally support around you and your company.

5 Essential Components When Planning a Startup Business

By Tyler Tafelsky | Jun 3, 2013

If you’ve been thinking about pursuing your very own startup business, there are a few considerations that you’ll want to keep top of mind. Although these components are not the most exciting aspects of planning a startup, they are essential to ensure the future success and sustainability of your business.

You Must Hire Professional Consultants

By Ted Jenkin | May 30, 2013

Since many new entrepreneurial ventures are often started on a shoestring budget, where you spend your financial resources can be a prickly situation. When is the right time to get yourself legal help? Do you really need an outside person to do your books or can you do it yourself?