Fundera
AUGUST 25, 2017
As a business owner, you should always be thinking about your next move. In some cases, that’s your exit strategy. Even if it’s not your exact next move, it’s something you should always be keeping in mind. What will become of your business once you’re no longer involved, and how will you come out on top? There are various options for a small business owner when they are ready to exit—and many reasons for that exit.
Abrigo
AUGUST 23, 2017
“When considering member business lending and the consumer portfolio where many credit unions focus, change management to prepare for CECL can be even more difficult with a credit union,” says Danny Sharman, risk management consultant at Sageworks during a recent CECL webinar – Data Quality for Credit Unions. “The first thing credit unions can do to prepare is begin collecting data on multiple segmentations.
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Fundera
AUGUST 23, 2017
Small business owners love what they do. From being their own boss to having total control over their schedule, there are certainly many perks to running a business. But what is it really like to be a small business owner? This summer, Fundera surveyed hundreds of American business owners to find out. Surprisingly, the results lean away from the most common assumptions.
Fundera
AUGUST 20, 2017
Being a business leader is so much more than the title in your email signature. Taking the job means wearing a lot of different hats. You’re a sheriff, an architect, a salesperson, and a therapist all rolled into one. Finding fun every day might seem impossible. After all, who has time for fun when there’s work to be done? But it’s important to remember that a business is a reflection of its leadership.
Fundera
AUGUST 22, 2017
One of the joys of working with any software is learning the little tips and tricks that make using it easier. Xero users lean on many shortcuts and little-known tips, and we’re sharing eight of them here. Xero Tips for Small Businesses. In this article, we explore the eight Xero tips every business owner should know. Since this article is geared toward the small business owner, I do not include any tips that are only available to Xero users under the Advisor (accountant) role. 1.
Abrigo
AUGUST 21, 2017
Compared to existing ALLL requirements, Accounting Standards Update 2016-13 (CECL) will require more inputs, assumptions, analysis and documentation, making the option to automate the process significantly more attractive for many institutions. Regardless of an institution’s approach, key consideration areas for a CECL-ready model include data management, contractual life, segmentation, methodologies, forecasting and adjustments, documentation, product evolution and enhancements, training, advis
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
AUGUST 25, 2017
Chris Dekerf / Dekerf Cycle Innovations from Mike Nairne on Vimeo. Since opening his shop in 1989, Chris Dekerf estimates he’s built 6,000 bike frames. Welding thousands of bikes might seem like tedious work to some, but it’s plain Dekerf considers himself the luckiest guy in the world: “There’s just not that many guys that get to weld 6,000 bike frames!”.
Fundera
AUGUST 24, 2017
For small business owners, American Express means luxury: travel benefits, concierge service, you name it. And for the most part, the Amex cards are known as “benefits cards”—their value lies in side benefits, not rewards rates and signup bonuses. The Business Platinum® Card from American Express OPEN is the epitome of a benefits card: A base rewards rate of 1 point per $1, with bonuses for airlines and big purchases, isn’t much to write home about, but its perks make it well worth the $450 annu
Fundera
AUGUST 22, 2017
Editor’s Note: American Express is a partner of Fundera. There are plenty of reasons why you might want to take out a business credit card: you can simplify your bookkeeping, cushion your cash flow, and establish and improve your business credit, to name just a few. But if what you’re really attracted to are the rewards and perks that come with a credit card, we don’t blame you—they can be valuable for your business.
Abrigo
AUGUST 25, 2017
Most partners or valuation professionals are constantly asking themselves this question: How will our firm grow? According to an April 2017 Sageworks webinar poll, 41 percent of attendees selected the top challenge for valuation practices is attracting new clients signifying the biggest challenge for the 275 valuation professionals. With the average, unexpected turnover of business clients in a given firm being between 8 to 15 percent each year, financial professionals are simply trying to figur
Abrigo
AUGUST 24, 2017
By John F. Dini , CMBA, CExP As an exit planner, I hear lots of owners opine about the value of their company. Some are well informed, but more often than not, they don’t have the full picture. When asked about their reasons for the value they think their business has, it sometimes goes like this: “Well, I was talking to a guy at a trade show who told me another company in his state that I think was a lot like mine sold for about $4,000,000.
Fundera
AUGUST 23, 2017
Despite what sometimes might seem like constant turmoil in Washington, D.C., small businesses and Wall Street appear unfazed. The stock market is breaking records, and small business confidence is high. “None of the soap opera in Washington matters,” Frank Sullivan, chief executive of RPM International in Cleveland, told The New York Times. “Nobody in business cares about who talked to who in Russia.
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