Fundera
DECEMBER 17, 2019
6 Small Business Growth Strategies. Increase demand through strategic partnerships. Improve your profit by removing unprofitable products and services. Boost revenue by improving your conversion rate. Increase sales by creating a sales funnel. Fortify your workforce with new recruiting tactics. Shore up market share with a customer relationship management system.
Abrigo
DECEMBER 17, 2019
Key Takeaways Holiday sales, including Black Friday and Cyber Monday, are aggressively promoted by criminal sellers on the Dark Web seeking to grow sales and customers. The expected outcome of greater inventory at a lower cost, as we have seen in prior years, is an increase in fraud activity and cyberattacks heading into the end of the calendar year.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
GoCardless
DECEMBER 4, 2019
Is your cash flow causing you stress? We asked more than 1,000 businesses across the UK which payment methods they prefer to use, so you know which to offer them to get paid on time.
Wellen Business Credit
DECEMBER 4, 2019
The market for providing capital solutions to small business is dynamic and crowded. For every new company eager to launch is a lender at the ready to provide financial back-up. And as a result of the rise in demand, funding companies and brokers are advertising and promoting their brands through every possible channel. They’re looking to drive customers to their web pages, complete online applications, and ultimately — sign contracts. .
Fundera
DECEMBER 1, 2019
How to Advertise on Facebook in 7 Steps. Create your Facebook Business Page and ad account. Add the Facebook Pixel to your website. Start creating your ads. Set a reasonable budget and schedule. Target lookalike audiences. Test, test, test. Make sure your website is up-to-date and optimized. Despite the issues Facebook faces with regard to privacy and data, billions of people across the world still use the platform—making it an essential tool for small business marketing.
Fundera
DECEMBER 4, 2019
Advertising for your business doesn’t have to be expensive. In today’s increasingly digital world, there are countless ways to advertise your business without running up a massive bill. You can also find cheap ways to advertise your business with more old-school tactics, as well. . Sometimes, the best ways to advertise your business don’t involve reinventing the wheel.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
DECEMBER 2, 2019
What Is an Employee Assistance Program (EAP)? An employee assistance program is a workplace benefit that helps employees through mental health problems, family issues, substance abuse, and other personal or work-related problems. Businesses typically contract with an EAP provider for the services. Licensed counselors provide confidential services at no cost to employees up to plan limits.
Fundera
DECEMBER 13, 2019
What Is a Cash Flow Statement? A cash flow statement, also known as the statement of cash flows, is a financial statement that shows the flow of cash into and out of your business during a specific period of time. This report shows how much cash a company receives and spends on operating, investing, and financing activities. The statement of cash flows is one of the core financial statements, along with the income statement and balance sheet, used to evaluate a business’s financial situati
Fundera
DECEMBER 13, 2019
How to Start a Food Truck in 9 Steps. Plan your costs and find a truck. Get approved by the Board of Health. Get the permits and licenses you need. Decide how you’re going to prepare your food. Hire employees and get mobile food vendor badges. Figure out where to park. Start marketing and promoting your food truck. Consider using a point of sale system.
Fundera
DECEMBER 13, 2019
Best Grocery Store POS Systems for 2020. Revel POS systems: A fully integrated, customizable POS system— but it comes at a significant cost. Clover POS systems: A happy medium between capability and reasonable, transparent pricing. Square POS systems: A great option if you’re willing to search for an external scale but want to access high-power inventory tracking.
Fundera
DECEMBER 13, 2019
How to Write a Business Proposal. Step 1: Introduce your company and the assignment. Step 2: Create a table of contents. Step 3: Write an executive summary coverting the who, what, where, when, and how of the proposal. Step 4: Lay out all of the project details. Step 5: Describe every deliverable you’ll give the client. Step 6: State the overall budget for the project.
Fundera
DECEMBER 30, 2019
Franchises are an excellent opportunity for aspiring business owners in general, but veterans are uniquely qualified for this kind of entrepreneurship. Running a franchise successfully requires grit, determination, analytical skills, and leadership ability, which service members have in spades. Succeeding in the franchisor’s mission also requires that the franchisee works within the franchisor’s proven business model and properly executes their training.
Fundera
DECEMBER 12, 2019
How to Calculate Cash Flow. The formula used to calculate cash flow is: Cash flow = Cash from operating activities +(-) cash from investing activities + cash from financing activities. It takes many things to start and run a successful small business: passion, determination, discipline, and the right people. But the best-laid plans will go nowhere without one key ingredient—cash.
Abrigo
DECEMBER 30, 2019
Key Takeaways Using exam findings from 2019 can help strengthen your BSA program in 2020. Institutions must create a strong culture of compliance. Pillar violations see a big increase in the nature and seriousness of the violation. . Looking back to strengthen your BSA program. The decade is quickly coming to an end, so as we put 2019 in our rear-view mirror, it’s time for a fresh start with the new year and new decade approaching.
Abrigo
DECEMBER 16, 2019
Key Takeaways An SEC filer with a 2020 CECL deadline recommends starting ASAP on implementation -- even if your deadline is 2023. Assess data before selecting your methodology or methodologies. Be willing to change as needed. . All eyes will be on the large SEC registrants in January as they become the first financial institutions to adopt the current expected credit loss model , or CECL.
Abrigo
DECEMBER 13, 2019
Key Takeaways Changing your perspective on asset/liability management can position your financial institution for better business results. A dynamic ALM approach provides an ongoing method for evaluating risk and return and for strategic decision-making. The basic, static approach adds little value beyond satisfying regulatory requirements. Outsourced advisory services can help financial institutions transition to a dynamic ALM approach.
Abrigo
DECEMBER 13, 2019
Key Takeaways. The FDIC released a manual on Formal and Informal Enforcement Actions. ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . The FDIC released its manual on Formal and Informal Enforcement Actions. For the first time, the FDIC released its manual on Formal and Informal Enforcement Actions to provide greater transparency to those processes.
Abrigo
DECEMBER 6, 2019
The morning’s Employment Situation Report from the Bureau of Labor Statistics showed a fairly (and surprisingly) strong labor market. There were 266,000 new jobs added in the month of November, compared to the 188,000 new jobs expected. The headline unemployment rate (U3) and the broader measure of labor underutilization (U6) both ticked down by 0.1 percentage points to 3.5% and 6.9%, respectively.
Abrigo
DECEMBER 5, 2019
Key Takeaways. The landscape around banking hemp and hemp-related businesses is very confusing. A joint statement was issued to provide guidance to institutions regarding banking hemp. The guidance does not cover marijuana banking. . Seeing through the smoke. No one will argue that there has been a lot of confusion, fear, and apprehension surrounding providing banking services to the hemp and hemp-related industries.
Fundera
DECEMBER 1, 2019
The invoicing process is a crucial accounting task vital to your business’s operations and cash flow. Some businesses offer early payment discounts as a way to reward their customers for paying their bills before they are due. You might have heard of this strategy—and you might have taken advantage of it yourself as a customer—but you might still be confused about whether this is a good strategy for your business.
Fundera
DECEMBER 12, 2019
What Is a CPN (Credit Privacy Number)? Credit privacy numbers or credit profile numbers (often referred to as CPNs) are nine-digit numbers promoted online as an alternative to your Social Security number (SSN). In fact, they’re sometimes called secondary credit numbers, or SCNs. With rising concerns about identity theft, data breaches, and online privacy, you might be considering using a credit privacy number.
Fundera
DECEMBER 30, 2019
If you’re like most small business owners, you think about taxes once a year — when they’re due. That could be an expensive mistake. . Small business tax planning is important. Meeting with your CPA isn’t just about filing your taxes, it’s about making sure you’re doing the best for your business all year long. . To get a jump on tax planning, you can start simply by making a few strategic decisions about purchases and benefit contributions.
Fundera
DECEMBER 4, 2019
How to Hire Freelancers in 5 Steps. Understand your project and your needs. Know your budget. Create a work listing and post it via your own network and freelance-specific sites. Review candidates, interview top contenders, and extend an offer. Execute paperwork, including statement of work, tax forms, and contract. Freelancers are an integral part for many businesses to get work done—especially for tasks that fall outside the normal scope of operations.
Fundera
DECEMBER 16, 2019
Holiday cards and wedding invitations are great for sending through snail mail. Invoices? Not so much. Businesses send invoices because they want to get paid. And in the interest of getting paid as quickly as possible, more small business owners are skipping the snail mail and sending their invoices electronically. . Ready to learn how to send an invoice via email to simplify this accounting task ?
Fundera
DECEMBER 7, 2019
The holidays can be the most lucrative season for retailers both big and small. And other than offering sales incentives and launching a killer marketing plan , one of the best ways for brick-and-mortar businesses to leverage that extra traffic is by implementing some unique retail holiday window display ideas. According to the National Retail Federation, holiday sales are expected to increase by 3.8% to 4.2% from last year’s holiday season—that’s a projected $727.9 billion to $730.7 billion spe
Fundera
DECEMBER 6, 2019
Offering your employees generous benefits packages that include retirement plans is crucial for both attracting top talent and retaining it. But as you’re looking into potential retirement plan options, you may be confused about parsing the difference between SIMPLE IRAs vs. SEP IRAs. . In truth, there are a lot of similarities between these two types of retirement plans.
Fundera
DECEMBER 26, 2019
You’ve worked hard, built your business, and now it’s time to hand the reins to someone else. As you’re working through the details of finding a buyer, negotiating a purchase price, and agreeing on the terms, you may wonder: How much of this am I going to owe to Uncle Sam? Can you minimize or defer some of the taxes that you pay? Possibly. It’s best to work with a qualified CPA or tax advisor as the rules for selling a business are complicated.
Fundera
DECEMBER 29, 2019
You’ve gone through the recruitment process and found a great candidate. The offer has been extended — and accepted. The hiring manager is excited, and your recruiter is relieved. . But something happens to make you change your mind, and you wonder: Can I rescind the offer? . The quick answer is yes, the company can do whatever it likes. The better answer is, i t depends.
Fundera
DECEMBER 23, 2019
Capital Expense (CapEx) vs. Operating Expense (OpEx). Operating expenses (OpEx) are expenses needed to operate your business on an ongoing basis and appear on the profit and loss statement. Capital expenses (CapEx) refer specifically to long-term assets purchased as an investment in your business, the benefits of which will last longer than one year.
Fundera
DECEMBER 12, 2019
Clover vs. Square: Key Differences. When it comes to Clover vs. Square, you’re looking at two very popular payment service providers with high-tech POS hardware and software. In our analysis, we found that Clover is superior for merchants who want a highly customizable, scalable solution and Square is better for merchants who want a low-cost POS solution with industry-specific software.
Abrigo
DECEMBER 31, 2019
Key Takeaways Risk management practices were on the minds of bankers in 2019 Some of the most popular blog posts of 2019 were about stress testing and CECL. Risk management practices were in the spotlight in 2019. Managing risk is at the very core of the business of banking, so it’s not a huge surprise that readers of Abrigo’s blog spent a lot of time in 2019 reading about the topic.
Expert insights. Personalized for you.
138 
Let's personalize your content