Entrepreneurs and Credit

Those of us who have made the decision, after careful thought and consideration, to launch our own business are keenly aware of the pitfalls that come with bad credit decisions. Avoiding these potentially disastrous mistakes like the plague are one of the keys to long-term success.

A look will be taken at some of the resources that are available to each entrepreneur to assist with credit decisions. Answers to questions such as:

– Where should I look for assistance with items such as taxes, forms, and human resources?

– Is there an easy to use online portal to make tax payments?

– Should I get a charge or credit card for my business?

The Basics

The difference between those who ask for help and those who do not is plainly evident. Pride keeps an entrepreneur blind to the obvious, and the inevitable bone-crushing trouble that is sure to come forces the owner’s hand.

This is unnecessary. The U.S. Small Business Administration is your friend, and if used accordingly, will provide you with answers to virtually any question imaginable. If your question is not answered, you can be assured to be pointed in the right direction.

Regardless if you are thinking about starting a small business or already have launched, it would be foolish to not use the resources available to all here.


A sure way to arouse anxiety in anyone is to bring up the topic of taxes. As a business owner, there is no gray area here. We have all heard or read the stories of prominent business women and men who through foolish decisions placed themselves at the mercy of the Internal Revenue Service.

Let’s assume your company is current with your tax debt. Anyone in their right mind wants to keep it that way. Did you know that you can pay your taxes online? The Electronic Federal Tax Payment System offers anyone who owes the IRS an easy to sign up and use platform to stay current on their taxes.

Charge or Credit

It’s surprising how many people do not know the difference between a charge card and credit card. The difference is simple, a charge card has no interest rate charges and no pre-set limit. If you make a purchase, the full amount is due at the time of billing. Debt is not carried over from one billing month to the next.

Now, the owner of a charge card is not free of any costs. Most of them charge a membership fee. However, those who enjoy the freedom that comes with not having a spending limit have no complaints concerning the membership fee.

Are you a frequent flyer? Interested, even if you are not in the air much, to experiencing special perks only available to certain charge card holders? There are over 1,000 lounges in airports across the world who cater to these card holders, as evidenced in these card reviews.

The help is available for those who are open-minded to receiving it. It’s an exciting time to be an entrepreneur, capitalize on the help that is your’s for the taking.