Finance

Colony Associates Reviews The Top 3 Credit Cards For Small Business Owners

RalphSlaske

When first starting a business, there’ll be quite a large number of things that every entrepreneur will have to consider. One of the more notable of these is financing, of which a business credit card will play an important role. However, choosing the right one for your small business can often be tricky.

This is mainly because there can be quite a large number of them to choose from. As a result, new entrepreneurs can quickly become overwhelmed, especially when coupled with everything else that needs to be looked after. Despite this, there are a few credit cards for new businesses that can come well-recommended.

Here at Colony Associates, we know what can be involved in starting and growing a company long-term. As a result, we’ve looked through a variety of credit cards to determine which ones could be the right ones for many firms.

CitiBusiness/AAdvantage Platinum Select World Mastercard

If you’re expecting to travel a lot for your business, then this could be one of the better-recommended credit cards for you. The main reason for this is that it offers some of the best airline miles with your purchases. While you’ll have to use American Airlines to take advantage of these, it could still be beneficial.

There can be quite a broad range of other advantages to this, with the majority of these being related to business travel. You should also be able to gain extra points on your card. While this is relatively minor, it could be quite beneficial for any entrepreneurs who have to travel a lot for work.

Capital One Spark Cash Credit Card

One of the largest benefits to the Capital One Spark Cash Credit Card is its rewards program. This is quite higher than many other business cards, with business owners being able to 2% back on every purchase. Alongside this, there aren’t many limitations or categories on what this can apply to, which should be a notable advantage.

There’s also quite a substantial sign-up bonus to take advantage of, which could be as high as $500, although you’ll need to spend a minimum of $5000 to capitalize on this.

Discover it Business Card

There are quite a large number of benefits to choosing a Discover it Business Card when you’re first starting your business. One of the largest of these is that you should get 0% APR on business expenses in the first year that you have the card.

This should mean that you’ll be able to minimize the fees often associated with starting a business. Alongside this, Discover should match your cashback during this time, which could be quite a significant benefit for the majority of business owners.

Financing your start-up business doesn’t have to be as challenging as you might think. While there are a variety of hurdles that you’ll have to overcome, Colony Associates is here to help you with everything you need. The majority of successful entrepreneurs may need a helping hand as they grow.

This is where we shine, as we can offer you the help and advice that you might want as you grow. What’s stopping you from taking the next step in your business career

Alternatives for Entrepreneurs Who Don’t Want to Pay For Health Insurance

RalphSlaske
Singlecare
Singlecare
If you are an entrepreneur, perhaps your mind has been opened to smartly using your finances. We all know that not all health insurance bring the same benefits as we would like them to be, especially when they refuse claims for medical treatments and prescriptions.

Although it would be wise to make use of your insurance in major medical emergencies, there are indeed several alternatives you can use to save money without trying to file a claim under your policy. Sometimes, the mere act of trying to claim a policy can be overwhelming, time-consuming, and even disappointing.

In this post, we will be looking into some great alternatives to pay medical expenses if you don’t want to make use of your health insurance.

Alternatives for Entrepreneurs Who Don’t Want to Pay For Health Insurance

1. Look up prescription coupons

Some people may not be aware of this trend, but there are also coupons available for prescription drugs and other health products. Now, couponing is not only confined to grocery items. You can get large discounts for prescription drugs and other things you need as part of your medical expenses.

For example, if you have a prescription for the acne treatment Tretinoin, you can get a Tretinoin coupon 2018 in websites such as Single Care. Single Care offers Tretinoin Coupon 2018 that shows discounts of up to 80% off. Additionally, there are also general coupons for drugstores which gives you a discount on all the products either in the prescription drugs portion or regular health goods.

2. Apply for a bank or credit card loan

Another financing option for entrepreneurs is through bank or credit card loans. If you don’t want to pay for health insurance but you have medical expenses at hand, you can apply at your bank for an appropriate loan based on your line of credit.

A lot of banks and credit card companies prefer people who have a good line of credit, which can be determined by checking your credit score on apps such as Credit Karma. However, there are also loans in the bank created for people who may have a lower credit score, in exchange for a higher interest rate. If you are applying for a loan, it is best to manage your financial strategy beforehand to avoid consequentially affecting your credit score further.

3. Try for crowd funding

Perhaps you have seen this on social media sites where people are appealing for help in covering medical costs. Crowdfunding is a great way to get money to pay off your medical expenses. If you are an entrepreneur who may be in a temporary financial trouble due to medical issues, websites such as Go Fund Me are helpful ways to ask family, friends, and other networks to donate to you.

Most people are willing to donate to other people’s medical bills, especially if they see that you are really in need. Do not use Go Fund Me if you are not in a dire situation, as this may ruin your reputation and credibility as a person in the long run.

4. Opt for a home equity loan

Another option for entrepreneurs who may be in debt is going for a home equity loan. Most people would not have their finances, but they would have physical resources such as a house, a car, or something else of value.

Home equity loans are one of the quickest ways to pay off medical dues without trying to go through the hassles of a health insurance. The only risk is that you may have the chance to lose your home if you are not able to pay the balance on time. Make sure that you are willing to take the risk before considering a home equity loan.

5. Getting extra profits from your business

If you are an entrepreneur with a successful business, you can make use of your extra profits as savings instead of paying for insurance. This is to say that you are someone who is relatively healthy, have no history of major diseases or conditions, and know how to avoid medical risks in all of your occupations.

The extra profits may be helpful, and can even aid you in saving more money than paying for insurance month after month with no guarantee that you’ll have a claim.

Although health insurances are considered a safety blanket for all employees and entrepreneurs, they can also be a source of stress especially when companies try to change coverage policies over the course of time.

Protecting yourself with these alternatives can benefit you, especially if you’re someone who knows how to save money as reduce expenses in other areas of your life. As a wise entrepreneur, you can lessen the costs of recurring payments by trying these health insurance alternatives.

6 Tips on How to Pay Off Your Debt Without Losing Who You Are

RalphSlaske

We all assume that paying down debt involves making certain changes in the way we run our lives. Not true. A few minor adjustments may have to be made, but nothing too big. Below are 6 proven ways to achieve this goal in only a few years without having to alter any of your life.

1) Create list of where all your money goes. Most of you can get this done in only 30 minutes. This list should include bills, grooming, entertainment, etc. Add up everything. Subtract this number from what you currently take home. Is there a difference? Is there more going out? Coming in? This list will give you a good place to start. You can also visit Nationwide Direct Reduction Services for an itemized copy of a budget sheet to work from.

2) Make a list from lowest to highest. Go through it. Figure out how much you can squeeze from your “spending” to help pay it down each month. Unless you have a major problem with spending, there should be no issues here. You should not have to change your life too much.

3) Pay off one thing at a time. Do not try to do it all at once. This is how you got into this mess in the first place. Pay only the minimum amount on those you are not currently trying to pay down. Pay as much as you can on the current bill. One brick at a time. 

4) Freeze or cut up all your credit cards. They do work out for some. Others tend to have issues with them. I did. Those who can handle a credit card should keep one around. Get rid of the rest.

5) Sit down with your family each month to get a progress report. See where else you can cut down. Can you lose some of your cable you are not using? Why pay for something you do not need? Get some good ideas and revisit them in a month or so. Those of you who are on your own you will have to be more diligent about this. Set reminders for the meeting. Keep to a schedule. Say something is not working out for you in the budget. Find an alternative.

6) You have to understand that this is a problem. Some have a harder time of it than others. Talk to yourself about this issue. Money is one of core issues that every person has to deal with. It is not going to go away. It is like an addiction. The first step is admitting you have a problem with money and debt. The next step is to take the necessary steps to fix it.

There is no shame here. The only shame here is not doing something about it. Take ownership of your finances now. Become debt-free for good.