You might have initially financed your business with your own money or loans from family and friends, but at some point in your business cycle you will need business financing for growth and stability. Be Prepared and Get Support Business financing options come in many shapes and sizes depending on your needs. As a business …
Smart Ways to Save for Fun and Emergencies
Be Prepared for Unexpected Expenses Experts recommend 3-6 months worth of living expenses (necessary expenses like rent, student debt, car payments) for an emergency fund. It might not be fun making some adjustments now to attain your savings goal, but it will be worth it later. These funds are to be used in case of …
11 Ways to Check if a Website is Legit or Trying to Scam You
One in ten of U.S. adults will fall victim to a scam or fraud every year. The types of online fraud continue to grow with the increase of internet sites and advances in technology. To protect yourself, here are some recommendations and resources that will help you identify whether a website is legit or trying …
Keep Your Financial Information Safe and Secure
Costing businesses and consumers billions of dollars each year, identity theft is the crime of obtaining personal or financial information of another person for the sole purpose of assuming that person’s name or identity to make transactions or purchases. This includes obtaining information such as social security numbers, birthdays, passwords, and other information that can …
Protecting Your Business from Fraud
No matter the size of your business, fraud is a serious issue and could bring down your entire company. A recent study conducted by the Association for Certified Fraud Examiners (ACFE) found that businesses lose an average of 5% of annual revenue due to fraud committed by employees, managers, owners and executives. In the age …
Benefits of Online and Mobile Banking
If there is one thing every banking customer looks for in their bank, it’s convenience. Online banking, which includes mobile banking, is arguably the most convenient feature of many financial institutions. Banks want their clients to manage their accounts safely and securely by providing them with 24/7 access using online banking. Similarly, banking customers want …
Why Are Banks Asking So Many Questions?
If you have opened a new bank account in recent years, you may have found yourself surprised at just how much information banks are asking their customers nowadays. It can be off-putting at first being asked for personal data when you do not understand the why behind the request. This article will break down the …
Why Family-Owned Businesses Succeed
Commitment and a shared vision: that’s where it starts for any small business. For a family-owned business, this is especially true because these values become clearer and easier to successfully execute. Over 5 million (19%) of the 28.8 million small businesses in the U.S. are family-owned. With lower employee turnover and their unique ability to …
5 Budgeting Essentials for Small Businesses
No one said running your own company was easy. You may have expected the start-up costs, but many self-made owners don’t realize that expenses rack up long after the grand opening. It’s important to create and stick to a budget that will help you navigate through all the financial fluctuations you’re bound to go through. …
Do you really need to go to a branch anymore?
Once upon a time, you relied on a network of branches to access your business banking information, resolve issues, and conduct banking transactions. With the rapid advancement of software and technology, banking is now available to you in your office, at home, and on your mobile devices. As a business owner, you have limited time …
