You should get a... Corporate Card
Congratulations, friend, you can rest at ease knowing a corporate credit card is your perfect fit! Your business is booming, and you need a card capable of keeping up with your expenses.Perhaps corporate credit cards’ biggest selling point is their autonomy from your personal credit. Simply put, activity on your corporate card won’t affect your standing with the bank, so your credit score is safe.On top of that, you won’t have to worry about reimbursing your employees, as their expenses will be charged directly to your account!“Are you willing to accept anything less than the credit you want, the credit you need and the credit you deserve?” – Tyler GregoryThree Tips for Creating a Fool-Proof Financial Plan1. Set clear goalsBefore organizing your business’s finances, review your strategy plan. This’ll help you get an idea of how much you can afford to spend in sectors such as equipment and staff. Try asking yourself what you want to accomplish – are you hoping to expand your business? If the answer is yes, but you don’t have the resources, you might consider financing. Get to the bottom of exactly how much you need. Trust me, the time it takes is so worth it in the long run.2. Forecast your financesMake monthly projections using your anticipated income to get an idea of your year’s finances. If you’re strapped for cash, you can even try weekly projections. Use a spreadsheet software like Microsoft Excel to make the process a little less painstaking. Factor in a variety of potential outcomes and strategize your business’s financial response. As this process can be overwhelming, consider seeking the help of a professional accountant.3. Create a security netNo matter how many times you crunch the numbers, contingencies (aka. unexpected but necessary expenditures) will come your way. Instead of scrambling to find funds, play it safe and set aside a portion of your revenue for emergency use. If you’re not earning enough to save a little monthly, consider starting a line of credit as a security net. On top of ensuring your business stays afloat, doing so will give you some priceless peace of mind.Let Me Introduce Myself...Hello, I’m Ruth Barnes 👋 After serving in the finance industry for nearly two decades, I started Seamless Wealth Advising. We provide comprehensive financial planning and issue-based consulting to our corporate clients.With our team of experts, there isn’t a problem we can’t help you overcome. Together, we’ll get you clear on your needs, goals, and values then design a strategy! On top of that, we’ve got one hundred and one resources to keep you on track. Get ready for your best year yet…Looking for a Little Extra Guidance?1. Read my article on securing financing as a startup. I’m going to show you step-by-step how to optimize your investment portfolio and get more interest than ever!2. Download Seamless Wealth Advising’s free worksheet Questions to Ask Yourself While Forecasting Your Finances to plan for unexpected setbacks and expenditures.3. Book a consultation with one of our expert team members. In your first session, we’ll get to know your unique business, including its financial strengths and weaknesses.Plus Expect to See Me in Your Inbox With Financial Planning Tips!