American Express and National Small Business United Offer Free Brochure On Using Corporate Charge and Credit Cards.Business Editors NEW YORK--(BUSINESS WIRE)--June 28, 2001 Over the past seven years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time number of small and mid-sized businesses that use corporate credit or charge cards has tripled, from 17 percent to 50 percent, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an annual survey conducted with National Small Business United. "When used properly, credit and charge cards can be an excellent way to start or grow a business," says Todd McCracken, President, National Small Business United (NSBU NSBU National Small Business United NSBU neutral start back up (Allison transmission control module) ). "But like any line of capital, charge and credit cards need to be chosen and managed effectively." To help educate small businesses, American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Small Business Services and NSBU have created a free brochure entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: : "Corporate Charge and Credit Cards . . . How to Make Them Work Best for Your Growing Small Company." The brochure contains advice on selecting the right corporate credit or charge card and using it wisely, as well as tips on managing payments and maintaining adequate records. Notes NSBU's Todd McCracken: "A small business credit or charge card can provide purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. and save an entrepreneur both time and money. We hope this brochure will help small businesses better understand how to leverage these tools and help their businesses grow." American Express Small Business Services and NSBU offer the following tips on using a corporate charge or credit card wisely: - Choose only one card. Do your homework and select the right card for your business. Having one card makes it easier to track spending; keep records in order and evaluate your monthly purchases. - Ask the experts. Work with your accountant and/or financial planner to develop a budget of what you should be spending each month on a credit or charge card. - Analyze your monthly and quarterly statements. What are things you purchase most often? Are those expenses increasing or decreasing? View and download this information off your card issuer's web site regularly into spreadsheets that can help you better track and analyze this data. - Use your corporate card for business purposes only. - Do your best to pay off your card each month. If you can't, then pay more than the minimum on a monthly basis. - Don't mix and match. Make your payments from a separate, dedicated business bank account. "Corporate Charge and Credit Cards . . . and How to Make Them Work Best for Your Growing Small Company" can be downloaded from the American Express Small Business Exchange Web site (www.americanexpress.com/smallbusiness) and the NSBU Web site (www.NSBU.org). For instructions on downloading downloading - download , visitors to the American Express site should click on the "Manage Your Business" section of the homepage and then click on the reference to the brochure. Visitors to NSBU's site will see a reference to the brochure on the site's home page. Hard copies of the brochure are also available by writing to American Express Public Affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , Small Business, 200 Vesey Street, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY, 10285-4809. About American Express American Express Small Business Services is a unit of American Express Travel Related Services Company, Inc. solely dedicated to serving companies with fewer than 100 employees. Small Business Services provides a broad range of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including charge and credit cards, equipment financing, term loans and lines of credit. To obtain more information about the Small Business Services group, visit the Small Business Exchange at www.americanexpress.com/smallbusiness. About National Small Business United National Small Business United is the nation's oldest bipartisan advocate for small American businesses. Representing a growing network of small business owners, NSBU empowers small businesses, taking action on legislative and regulatory issues while playing a key role in shaping federal policy in the interests of small business. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion