Boost your business with Barclaycard

Boost your business with Barclaycard


Wed May 10 2017

Managing a business is hard work, and nobody enjoys shelling out the funds needed to keep the cogs running smoothly.

But what about if the way you paid actually helped your business operate like a well-oiled machine?

Making the smartest payment choice should be a no-brainer, so here are five ways in which using the right one could give your business some extra oomph.

Get some time back

Boost your business with Barclaycard

 

We know how admin can get in the way of running your business, but the stark reality of the situation emerged last year in a survey by the Federation of Small Business.

It showed that smaller businesses spend 15 hours a month on accounting, and nine hours on business banking1. Sound familiar?

A lot of this kind of admin is unavoidable of course, but there could be ways to grab a slice of this time back.

One way is by keeping business and personal expenses on separate cards, which many people don’t do. It’s a simple step that can save time and add ease to your financial admin – especially if you manage your account online and use business credit cards to keep track of employee spending too.

Have more to spend on your business

Boost your business with Barclaycard

 

Every penny counts when running a business. And whether that’s covering the bills or having the funds to invest, making the right payment choice can give you a leg up.

Barclaycard offers a slew of rewards for its business cardholders – including discounts on breakdown cover, couriers, office supplies and online advertising – freeing up finance to spend elsewhere. Premium Plus cardholders can also get cash back on purchases.

But there’s another benefit to spending on your Barclaycard – building a strong credit rating for your business. If you’ve got growth plans for the future, using your card more effectively – such as managing your account properly, not missing any payments and repaying at least the minimum amount on time – could help build a decent credit score and make securing borrowing that much easier.

Get some breathing space

Boost your business with Barclaycard

 

Managing the peaks and troughs of cash flow can be a tough ask for any business, but the way you pay can help you do it more effectively.

You can, of course, use your business Barclaycard to acquire goods before you need to cough up for them, or to pay a bill when needing to cover a hurdle. But rather than specifics, perhaps the biggest benefit is simply having the flexibility in your cash flow to take the opportunities that come at you.

Barclaycard offers up to 56 days interest-free credit if you pay the balance in full by the due date each month. As a tool for your business that can be an important lever to pull when there’s something you just can’t miss.


Have a louder voice

Boost your business with Barclaycard

 

When you buy from suppliers, how you make the purchase can make a big difference to your business. It’s all about negotiating a better deal, and a business credit card can be an ace up your sleeve.

An obvious way is to use the additional funds available to you to strike a better deal for buying in bulk, but there are other ways to win the battle.

For instance, many suppliers will offer you payment terms of 30 days or longer. However, your business credit card could give you the financial flexibility you need to pay those suppliers straight away – and you may be able to negotiate a discount with them for doing so.

Be a more relaxed owner!

Boost your business with Barclaycard

 

Could your business be a better performer if its owner was the calm rather than the storm? Making smarter payment decisions can help you get there.

All business Barclaycards come with fraud protection, and depending on the card you have you could also benefit from purchase protection insurance and enhanced business travel insurance.

And with airport lounge access also available, there may be times when you really can put your feet up.


Could your business be a better performer if its owner was the calm rather than the storm? Making smarter payment decisions can help you get there.

All business Barclaycards come with fraud protection, and depending on the card you have you could also benefit from purchase protection insurance and enhanced business travel insurance.

And with airport lounge access also available, there may be times when you really can put your feet up.

Speak to us today to find out how we can help your business - 0800 008 008



Or, why not use our online business card calculator to find the right card for your business.

Sources

1. http://www.fsb.org.uk/media-centre/press-releases/small-firms-spend-four-days-per-month-battling-red-tape 

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