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There are a lot of small business opportunities that you might haven’t considered. Owning a business means that you’ll be eligible for more Chase business credit cards, like the Ink Business Preferred℠ Credit Card, our #1 pick for best small business credit cards. Here’s our list of favorite small business credit cards, all with great bonuses!
A few years ago, I started up a photography business with my partner. He specializes in lifestyle photography, and started out taking pictures on his iPhone. Friends encouraged him to take it further, so he got a Canon Rebel DSLR to experiment with while we travel. We’ve learned several things along the way about starting up a business.
5 Tips for Starting Your Company and Then Applying for Chase Business Credit Cards
To be successful at starting a business, you must have self-discipline. You have to make your own to-do lists, and work hard every day to cross off your list. Starting a business might require intense hours at the start to get it off the ground.
If you pick travel photography as your business, you’ll quickly find that it takes real work to set up great shots, find the right lighting, and so on.
You will also be more successful if you network with others. It’s often said that it’s more about who you know, than what you can do. I think both are important. Make it a point to join networking events in your city, and take every opportunity to network with people you meet.
Look to meet folks who own websites and would like to buy your photos to use on their site. There are also sites like Pexels.com where you can showcase and sell your photography.
It’d also be great to meet Instagram influencers who can feature your photography to help you gain followers.
Know When to Delegate
Sometimes it’s better to do what you are best at, and outsource what you don’t like to do or what isn’t the best use of your time. For example, I don’t like accounting (and I’m not very good at it), so I ask for help.
Don’t Forget the Legal Stuff
When you earn money for a business, you must pay taxes. Don’t risk getting in trouble with the IRS over unpaid taxes. It’s just not worth it.
Get the Right Business Credit Card
The Ink Business Preferred℠ Credit Card can be a great credit card to get if you own a small business. You have to spend on the business anyway, so why not get a great credit card for your spending? You’ll earn 80,000 Ultimate Rewards points after you spend $5,000 on purchases in the first 3 months from account opening. That’s enough to get:
- $1,000+ worth of Southwest flights (or nearly double if you have the Southwest Companion Pass)
- 4 free nights at a Category 5 Hyatt hotel like the Andaz Napa
- 1 free night at a top category Ritz-Carlton hotel like The Ritz-Carlton, New York Central Park
- Round-trip coach award flight to Europe
You’ll also earn:
- 3 points per $1 on the first $150,000 spent in select categories each anniversary year (then 1 point per $1)
- 1 point per $1 on all other purchases – with no limit to the amount you can earn
With the Ink Business Preferred℠ Credit Card, the select categories where you’ll earn 3 points per $1 include travel, shipping purchases, internet, cable and phone services, advertising purchases made with social media sites, and search engines. This makes it easy to keep earning points on the card every month. I have this card and put charges on the credit card every month, earning me lots of Chase Ultimate Rewards points!
I also like that there are no foreign transaction fees and employee cards have no additional cost.
What tips do you have to share for starting a business?