A Picture Is Worth

I'm a word person, not particularly a graphics person.

But I have to admit that I find the infographics that have been cropping up really help explain tough concepts and lay out complexities with a punch. They don't replace good reporting, which is based on words, but they put the results into a format that can have a big impact.

Here's one that shows - in graphic detail - how difficult it is for small companies to get the cash or credit they need to run their companies.

Business Credit Cards

In response to a reader's question, I listed some tips on business credit cards in my L.A. Times column earlier this month.

Here is some additional advice on the topic:

Do your research. Many banks and credit card companies are making various offers, with some attractive perks that may fit nicely with your business needs. But offers run the gamut, so be choosy. You’ll want to find out about offers from both your local banks and national credit card companies.

Don’t get burned by special offers. As noted, there are many offers and plans available for small business owners, but pay specific attention to business credit card plans with introductory offers for 0% APR. While this may be a good option for an immediate, high-end purchase to support your business, you need to find out what the conditions for the APR are – under what conditions will it rise, and what are your options if it does rise. Beware of getting stuck with a high APR after the introductory period.

Consider the rewards. Many cards will offer perks for both you and your employees including discounts with preferred vendors and airlines, as well as rewards points.

Lay the ground rules. Make sure your employees know exactly what can and cannot be charged on the credit card. Some cards will let you adjust the credit limit on individual employee cards, as well as limit where the cards can be used.