Tips Every Small Business Owner Should Know To Improve Their Business Game | Herald Community Newspapers

(BPT) – Successful small businesses are those that remain adaptable, forward-thinking, and using the right resources. Fall is the best time to explore new opportunities to take your business to the next level. Read on for some expert advice on how to help grow your business.

Optimize tools to track and maximize your spending

Whether big or small, every business owner knows they have to spend money to make a profit. It is important to plan and carefully track all expenses in order to avoid overspending. Whether it’s travel expenses, paying a vendor, or purchasing supplies or inventory, these expenses should be recorded and tracked. One of the best ways to do this is to get a business credit card.

The Business Rewards Card allows you to organize your expenses and earn rewards by accumulating points that can be used towards future travel expenses. In addition, each business credit card has its own perks and opportunities for cardholders to earn more rewards. For example, the new Southwest® Quick Rewards® Performance Business Credit Card holders can earn 80,000 Rapid Rewards Points by spending $5,000 on purchases within the first three months of account opening, and 9,000 Reward Points on the anniversary of each cardholder’s anniversary.

Be creative

Successful small business owners know what tools to implement in their business to save time (and money!). Various tools are available to help provide accounting, invoicing and payroll services at a fraction of the cost of outsourcing. Others can help you create and schedule your social calendar so you can talk about your business with ease. Many of these services even offer a 30-day free trial for users to familiarize themselves with the platform and decide if they want to keep using it.

Some business credit cards even offer the opportunity to make money on purchases for your business. For example, Southwest Rapid Rewards Performance Business Credit Card holders earn 2 points for every dollar spent on social media and search advertising, Internet, cable TV, and telephone services.

Expand your network

Every person you meet in a professional setting has the potential to become your client, partner, or consultant. In a world that revolves around social media, joining Facebook and LinkedIn groups that are relevant to your industry is one of the easiest ways to get started building your network.

If possible, also try to identify conferences or face-to-face meetings that can connect you with other like-minded professionals or potential clients. Purchasing a trip with the right credit card, such as the Southwest Rapid Rewards Performance Business Credit Card, can help you maximize each trip to earn points for future trips.

For example, Southwest Rapid Rewards Performance Business Credit Card holders can earn 4 points for every dollar spent on Southwest Airlines.® purchases; 3 points per USD 1 when purchasing hotels and car rentals from Rapid Rewards partners; 2 points for every US dollar spent on public transit purchases and commuting, including car sharing, tolls, parking lots and garages. Cardholders can also receive credit of up to $100 every 4 years for Global Entry or TSA Pre-Check and can travel more comfortably and efficiently with perks such as 4 elevated boardings each year when available.

As a small business owner, it can sometimes seem intimidating to introduce new tools or strategies, but many of them are quick to implement and can save you time and money in the long run. Now is the time to take stock of your business and evaluate where some of these tips can make an impact.

Accounts subject to credit approval. Restrictions and restrictions apply. The offer is subject to change. The cards are issued by JPMorgan Chase Bank, a member of the FDIC in North America.

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