Browsing: credit card

Business Management

Small Businesses 3I took a test once where I had to score 100% to pass.  This was to become a licensed EMT, and there was a good reason for the 100% standard.  Since I was being measured on my knowledge of lifesaving emergency medical care, they wanted to be sure I knew every subject on the syllabus perfectly.

There’s also a 100% test for entrepreneurship, and it has three subjects.  If you pass, you have a chance of success.  If you don’t, you don’t.  The subjects aren’t hard, but you need to have perfect scores.  The scores have to be perfect because the real test is much harder than this one.

Now, don’t panic!  You can still be successful without passing all three subjects.  However, you should never try to become your own boss in a for-a for-profit enterprise.  Find another course in life.

The Entrepreneurship Test

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This post may sound like heresy to the died-in-the-wool debit card user. However, if you put the same overview on debit cards you do to other investments, you may agree with me. After all, it is YOUR money at risk.

I fully realize debit cards have overtaken credit cards as the plastic du-jour for Americans. The ratio is something like 2 to 1 meaning for every credit card used, two debit cards are used. Don’t hold me to this as a concrete figure as the numbers are a little over a year old. But, they are very close to accurate.

I also fully realize how easy it is to use a debit card. I watch my wife at the grocery store check out counter. Fast, easy and convenient to say the least. I don’t own one so all I get to do is watch. Oh, she also uses her card at two restaurants when we go out to dine. (More on why this is a bad idea later.)