Saturday, February 23, 2019

best small business to start

best small business to start

Tips For Being Successful as Couple-preneurs - Entrepreneur

Posted: 22 Feb 2019 03:52 AM PST

Working with your partner is a divine experience and here's how you can make the partnership successful

3 min read

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

We all wonder how couples strike a balance between their personal and professional lives, especially when they are together all the time. In fact, working together helps determine your mutual career destinies, instead of spending many hours apart, working for someone else. This inspired us to as we see wonderful couples across India, who planned to be partners in crime in everything, and decided to build a meaningful life together by co-creating something that brings them joy and fulfilment and compile their stories in my book "Supercouples".

Be on The Same Page: Keen alignment and shared vision are the keys to success for any business. Though couples share a level of intimacy and friendship, it is important that they are aligned on their career vision and their life goals too. Because only then will both of them be able to do justice with the enterprise. Eg: Try to be a co-founder of a food enterprise only if both of you are a foodie or closely attached to the vision of starting something around food. Starting a business together just because one of you is passionate, might not be a great idea on a longer run.

Define Your Roles and Responsibilities: Since with couple-preneurs, the line between personal and business gets very blurred, it is very important to define their roles and responsibilities. In most of the interactions, The division of roles had a great impact on making their partnership a successful one. If one of them is managing operations, then the better half would manage marketing. This not only avoids day to day conflicts but also empowers both of their decision-making power. This has brought out the best in them, and also saved them from stepping into the other's shoes. As a couple-preneur, let your better half decide on the matter they are in charge of. Day to day poking will not only create conflicts but also will impact personal life.

Maintain Work-Life (and love) Balance: It is very important to keep a check on how your business decisions are impacting your personal life. Either it can do wonders, or wreck everything. We come across many such examples during these interactions. So my two cents here would be to keep experimenting to see what works well for you as a couple, and how a decision can reinforce your love for each other. Having said that, it is also important to celebrate small business successes together. Keep rekindling your love during office hours as you might not be able to sneak out free time both being the entrepreneurs:-)

Be Kind, Understanding and Respectful: It is very important to make sure that both of you respect each other. Since here lives are way too inter-wined, conflicts are bound to happen. It is important to handle them respectfully and keeping each other's priorities in mind.  For me, it is more like being married to your work, and at the same time getting the chance to spend quality time with your spouse. Most of the couple-preneurs would agree to this. Most of them have been able to explore the other side of their spouse, which would not have been possible in the absence of this plunge. Their journey is definitely different, but as they always say: "No risk, no gain".

Starting a new business? Here's how to fund it - Montana Standard

Posted: 22 Feb 2019 11:00 AM PST

5 Things to Know About the BBVA Compass Visa Business Rewards Credit Card - NerdWallet

Posted: 22 Feb 2019 04:36 PM PST

Small-business owners with only fair credit (FICO scores between 630 and 689) don't have plentiful choices when searching for a business credit card. Perk-heavier card options, with their massive sign-up bonuses and typically massive annual fees to match, are tailored toward applicants with good or excellent credit scores.

The BBVA Compass Visa® Business Rewards Credit Card is an exception. It features benefits such as rewards and free employee cards, all for an annual fee of $0.

Still, there are some major blockers to qualifying for this card that may have you searching for alternatives.

Here are five helpful facts about the BBVA Compass Visa® Business Rewards Credit Card.

» MORE: NerdWallet's best small-business credit cards

1. Eligibility is limited

The BBVA Compass Visa® Business Rewards Credit Card is available only to applicants in the following states:

  • Alabama.
  • Arizona.
  • California.
  • Colorado.
  • Florida.
  • New Mexico.
  • Texas.

If you live outside of these areas, consider a small-business credit card that's available nationwide, like the Capital One® Spark® Classic for Business. It's also an option for applicants with fair credit.

2. The point-earning potential is high …

This card has a feature you don't often see with cards for fair credit: a sign-up bonus, which is available if you open a new BBVA Compass Visa® Business Rewards Credit Card by Dec. 31, 2019: Earn 20,000 CompassPoints when you make $3,000 in Qualifying Purchases in the first 90 days.

On top of that, you'll earn extra points in business-friendly spending categories. Earn 3 points per $1 spent at office supply stores, 2 points per $1 spent at gas stations and restaurants, and 1 point per $1 on all other purchases. Keep in mind that points expire three years after they are earned, so you're not going to want to hold onto them for too long.

3. … but redemption options are limited

You can redeem points for statement credit or gift cards at a value of 1 cent per point. You must redeem at least 2,500 points.

Other business credit cards offer straight-up cash back, travel rewards or even merchandise redemption, but many of them require good to excellent credit scores.

4. The ongoing interest rate is low compared to similar cards

One typical hallmark of cards for fair credit is that they tend to have a higher ongoing interest rate. That's because cardholders who are newer to credit present a higher risk to credit card issuers. It's not uncommon to see APRs start in the 20%-25% range.

But the BBVA Compass Visa® Business Rewards Credit Card offers an ongoing range that starts much lower for those who can qualify for it. Plus, it features a decent intro APR offer: 0% or 3.99% introductory APR on balance transfers requested within 90 days of account open date for one year, based on your creditworthiness., and then the ongoing APR of 11.49% - 25.49% Variable.

5. The intro APR for balance transfers can vary

Speaking of the card's intro APR offer, note that the rate you'll qualify for when it comes to balance transfers will depend on your credit history and credit score. That means you're not guaranteed a window of time to pay down debt interest-free. A 3.99% APR is still low compared to typical credit card interest rates, but the card also charges a 4% balance transfer fee.

» MORE: NerdWallet's best no balance transfer fee cards

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