Starting a new business can be daunting and the financial risk involved can be the biggest obstacle to navigate. You may be worried about your outgoings and income and how the two balance each other out. That’s why we are here to offer you a few tips on how you can easily improve your new business’ finances.
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Even the greatest of business ideas need some financial backing behind them in order to kick start operations. Whilst for some it takes the smallest of funding to get things running (read all about The Cambridge Satchel Company’s budget of £600!), others will require significantly more to see the business succeed.
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Having your application for a credit card declined can be a frustrating experience, however, this doesn’t have to mean the end of the world when it comes to applying for lines of credit.
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A prepaid business account and card offers a convenient and secure alternative to paying cash or using a credit or debit card. These business prepaid cards are loaded with money in advance to make payments, withdraw cash from ATMs or make direct purchases, just as you would with debit or credit card. Unlike your standard business credit card, you can only spend the amount that is on the card, perfect for budgeting.
Continue reading the "4 things small businesses should have in order before applying for a prepaid business account" »