Abrigo

JANUARY 6, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus. Bank Secrecy Act (BSA) and compliance officers at financial institutions in 2019 remained focused on staying on top of all of the regulatory changes occurring in the space, and it showed in the articles on Abrigo’s blog that we

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Fundera

JANUARY 30, 2020

America’s small businesses run on the tireless effort and ingenuity of their owners and employees. They also require capital or funding—otherwise known as the cash to cover overhead costs, make repairs, fund expansion, upgrade equipment, or even buy another business. . While some startups are lucky enough to be buoyed by venture capital, most U.S. businesses (and remember, U.S. small businesses make up 99.7% of the country’s employer firms ) turn to some kind of small business loan to help them

Small Businesses 122

Small Businesses Credit Scoring Law Firms Credit and Collections 122

GoCardless

JANUARY 7, 2020

Where should your search for the perfect payment method start? That depends on what you’re offering - or more specifically, how you’re offering it.

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Wellen Business Credit

JANUARY 8, 2020

With retail computer network breaches becoming increasingly common and garnering more media attention, restaurant owners have a responsibility to keep their customers’ personal and financial information private. Preventive strategies can help keep your customers’ information safe and your business running. Here’s some advice you can use to help keep your restaurant’s network secure.

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Fundera

JANUARY 10, 2020

As a small business owner, you’ve worked hard to get to where you are today. You deserve a pat on the back—or maybe two or three. However, it’s important not to get too accustomed to those pats on the back! As you achieve success, your employees, coworkers, and maybe even your clients strive to please you more. They may listen more attentively to what you have to say and agree with you more often.

Small Businesses 95

Small Businesses 95

Fundera

JANUARY 17, 2020

One part of being a business owner means keeping records for everything: what you’ve earned, spent, and where you’ve traveled. It can become easy to get swamped in paperwork and receipts and you may be tempted to toss your records once the year is over and your business taxes are filed. . Not so fast. . The IRS actually requires that you hang onto those records for years before you’re allowed to toss them.

Bad Debt 91

Bad Debt Deductions Insurance Companies Transactions 91

Abrigo

JANUARY 27, 2020

Key Takeaways Formerly BAM+ User Group (BUG), ThinkBIG: Fighting Financial Crime has been around for 16 years. Earn approximately 10 CE credits in two-and-a-half days. Get insight on the latest product roadmaps and test out upcoming product releases before they go live. A quick search for BSA/AML conferences returns thousands of results – 128,000 to be exact.

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Abrigo

JANUARY 10, 2020

Key Takeaways If you don't feel like your modeling results are relevant, then it might be time to ask different questions. Shift your ALM model from a static to a dynamic approach to find more value in your results. Strapped for time to implement these strategies? Consider leveraging valuable resources to help. If the primary goal of your asset/liability management (ALM) process is centered on meeting interest rate risk reporting requirements, then it’s likely that your institution views ALM as

Credit Unions 78

Credit Unions 78

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Artificial Intelligence in BSA/AML. Artificial intelligence is one of the biggest buzzwords in the anti-money laundering (AML) community.

Cybersecurity 78

Cybersecurity Transactions 78

Fundera

JANUARY 9, 2020

Managing your business financials is no easy feat, especially when you have to project future numbers to create your yearly budget, for example. While it would be great to tap into a crystal ball to see how your business will perform in the next several months, there is a real solution that can help any business owner: sales forecasting. Sales forecasting methods are one of the many ways in which you can look toward the future of your business and take steps right now to improve your future sale

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Fundera

JANUARY 14, 2020

Top Travel Business Ideas. Modernized Bed and Breakfast. Off-the-Beaten-Path Tour Guide. Glamping. Remote Travel Agent. Travel Consultant. Travel Photographer. Create a Haunted Attraction. Teach Cultural Classes. House or Pet Sitting. Travel Blogger. Ecotourism. Home Rentals. If there is one thing most people can agree on, it’s that traveling is one of life’s great pleasures.

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Fundera

JANUARY 17, 2020

One of the many reasons to keep your business accounting records organized and up to date is so you can easily analyze and understand the key performance indicators in your business that are vital to your success. Key performance indicators, or KPIs , use ratios and percentages to let you look beyond the dollar figures in your business and get to the heart of how you are truly performing.

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Fundera

JANUARY 25, 2020

What Is Excess Liability Coverage? Excess liability coverage, also referred to as commercial excess liability insurance, is a type of policy that provides higher limits on your existing, underlying small business insurance policy. This type of liability insurance does not, however, expand your current coverage, but simply offers a higher dollar limit to protect your business in the case of a claim with costs reaching above the amount of your existing policy.

Insurance Companies 71

Insurance Companies Deductions Small Businesses 71

Fundera

JANUARY 3, 2020

There’s almost no possibility you haven’t walked into a franchised business. Restaurants, spas, exercise studios—they’re everywhere. Franchises can be highly lucrative with the right combination of management and location, but they can also have a big upfront investment. Here, we’ll review the ins and outs of buying a franchise, so if you’re interested in pursuing one, you’ll know exactly the stops on the road ahead of you.

Credit Scoring 71

Credit Scoring Small Businesses 71

Fundera

JANUARY 2, 2020

How to Make a QuickBooks Journal Entry in 5 Steps. Navigate to the journal entry feature in QuickBooks Online. Fill in the date and journal number. Enter the correct accounts in the “Category” column. Enter the debit and credit amounts until the entry is balanced. Add a description and save. Managing your business’s accounting can be complicated—even with the assistance of accounting software like QuickBooks.

Transactions 71

Transactions 71

Fundera

JANUARY 6, 2020

For almost every market, there are multiple competitors seeking the eyes and dollars of the same customers. So how do you get your business to stand out? Your unique selling proposition is key to your business’s marketing strategy and overall success. After all, if no one knows why your products or services are special, why will they choose them over all the other options out there?

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Abrigo

JANUARY 13, 2020

Key Takeaways Cross-selling may be the most efficient way for your financial institution to achieve strong growth. Cross-selling to stem “hidden defections” represents huge untapped opportunities for institutions, according to a study by Bain. Having the right technology can play an important role in cross-selling CFI customers or members. Cross-selling: An efficient growth investment.

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Credit Unions Credit Risk 60

Fundera

JANUARY 12, 2020

Whether you’re the owner of a new business or a business that’s been operating for many years, you’ll be able to better manage your business finances by using a tool known as sales forecasting. . In this guide, we’ll explain what sales forecasting is and how you can use this strategy for your own business. . What Is Sales Forecasting? Simply put, sales forecasting is a tool you can use to estimate your business’s future sales.

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Fundera

JANUARY 8, 2020

If you’re thinking about joining a franchise , then consider entering the daycare industry. With 47 million children under the age of 12 and increasing dual-income households, demand for child daycare services is rising. The child daycare services market is projected to grow up to $520 billion by 2022 , a significant jump from the industry’s $339 valuation in 2018.

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Fundera

JANUARY 6, 2020

It comes as no surprise that women make positive impacts on various business endeavors. Their ability to calculate risks while putting their egos aside and prioritizing collaboration are just a few ways women make great leaders. Even though women have a harder time landing investors than men when it comes to business funding, over 50% of workers would rather work for women-led companies.

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Fundera

JANUARY 2, 2020

One of the coolest and latest technologies to find popularity in the last few years is the 3D printer. While starting a business in the 3D printing industry would be an interesting endeavor for any entrepreneur, there’s also another pro to consider. . Even though the technology for 3D printing has been around for a while, the market is still finding new ways to innovate and apply the technology.

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Fundera

JANUARY 1, 2020

One of the many concerns that people face when weighing the options for starting their own business is the fact that their business might fail. While there are many factors that can cause a business to fail, some of the major concerns are simply that the demand isn’t there or the business model isn’t sustainable. One way to ensure business success is to invest in a proven business model, which is exactly how franchising works.

Credit and Collections 58

Credit and Collections Credit Scoring 58

Fundera

JANUARY 29, 2020

Designing a restaurant from scratch can seem like a herculean task—with so many small details to remember, all the spreadsheets in the world can’t guarantee that something won’t slip through the cracks. It’s normal to feel overwhelmed when starting a business , but it’s also important to remember to enjoy the process. After all, you only start your first business once. .

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Fundera

JANUARY 27, 2020

How to Start a Laundry Business in 8 Steps. Decide what kind of laundry business you want to start. Choose a business name. Choose a business entity. Write a business plan. Register your business and get an EIN. Get the proper permits and licenses. Find a location and get equipment. Open a business bank account. Laundry is an essential part of life for most people.

Credit Scoring 52

Credit Scoring Default 52

Fundera

JANUARY 24, 2020

9 Steps to Start a Recycling Business. Decide what you want to recycle. Decide what services you’ll offer. Choose a business name. Choose a business entity. Write a business plan. Get any required licenses or permits. Apply for an EIN. Open a business bank account. Apply for funding. As more and more people move to low-waste and sustainable lifestyles, the demand for businesses that can help them accomplish that goal is increasing.

Credit and Collections 52

Credit and Collections Credit Scoring Default Small Businesses 52

Fundera

JANUARY 23, 2020

What Is an Additional Insured? An additional insured is a status that grants coverage to an individual or organization on an insurance policy held by a separate policyholder. With additional insured coverage, the individual or organization is protected in the case of a claim or lawsuit that results from their actions while working with the policyholder.

Insurance Companies 52

Insurance Companies Small Businesses 52

Fundera

JANUARY 21, 2020

Top Xero Alternatives. QuickBooks Online. Sage. Zoho Books Accounting. FreshBooks. Wave (free). ZipBooks (free). CloudBooks (free). Running a small business comes with plenty of difficult tasks and paperwork to keep track of, which means finding software and other methods of automation is key—not only to take some work off your plate but also to reduce the likelihood of human error.

Credit Card Payments 52

Credit Card Payments Small Businesses Transactions 52

Fundera

JANUARY 18, 2020

What Is Liquor Liability Insurance? Liquor liability insurance is a type of commercial insurance that protects businesses that manufacture, sell, or serve alcohol. Liquor liability insurance covers claims of bodily injury or property damage caused by intoxicated individuals who were served alcohol by your business. If you run a business that sells alcohol—a bar, restaurant, club, etc.

Small Businesses 52

Small Businesses Insurance Companies Brokerages 52

Fundera

JANUARY 16, 2020

How to Start a Business in Hawaii. Write a business plan. Choose a business name. Determine your legal structure. Register your business. Understand your tax obligations. Obtain permits, licenses, and business insurance. Separate your business and personal finances. Gather startup funding. Between the sand, sun, and clear blue waters, Hawaii is a natural paradise.

Credit Scoring 52

Credit Scoring Small Businesses 52

Fundera

JANUARY 15, 2020

Buying a cleaning franchise may not seem like the most glamorous business venture ever, but the best franchise opportunities provide aspiring entrepreneurs entry into a promising industry. The cleaning industry saw a predictable downturn during the 2009 recession, but it’s since recovered in full force: In 2015, the industry gained $51 billion in revenue.

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Fundera

JANUARY 15, 2020

Starting a Business in Missouri in 7 Steps. Write a business plan. Choose a business entity. Name and register your business. Understand tax, licensing, and employer requirements. Obtain business insurance. Open a business bank account. Secure business funding. If you have an entrepreneurial spirit, are ready to be your own boss, and call the Show-Me State home, then starting a business in Missouri seems like a natural fit.

Small Businesses 52

Small Businesses 52