Fundera

SEPTEMBER 14, 2019

When you’re first starting a business , you may have a small set of products—or even just one—to sell. But as your business grows and you work to boost your revenue growth , you may decide to launch a new product to increase sales and expand your customer base. Launching new products is a natural progression for scaling businesses, but, according to the Harvard Business Review , there are over 300,000 new consumer products introduced to the market every year—the majority of which fail. .

Insurance Companies 86

Insurance Companies Small Businesses 86

Abrigo

SEPTEMBER 16, 2019

Community bankers are largely positive about the future, based on the first results of a new index gauging business sentiment among the financial professionals who serve a critical role in local economies. More than two-thirds of community banks surveyed for the Conference of State Bank Supervisors (CSBS) Community Bank Sentiment Index indicated they expect business conditions will be the same or better in the next 12 months.

Credit Risk 60

Credit Risk Small Businesses 60

GoCardless

SEPTEMBER 19, 2019

The cost-benefit analysis: A procedure used by businesses to assess the value of undertaking a project or making an important decision. Here's how you do one, and when and why you should.

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Eastern Credit Management Services

SEPTEMBER 19, 2019

If you work in an Accounts Receivable department odds are you’ve heard just about every line in the book from your past-due customers. In this blog, we are going to explore some ways that probing questions our account agents use can help get overdue accounts paid. The goal being that we empower you with the same knowledge as one of our agents so you can collect just like a collection agency!

Credit and Collections 52

Credit and Collections Credit Management 52

Fundera

SEPTEMBER 17, 2019

Funny how the holidays can be both the most anticipated and the most dreaded season at the same time: Everyone in the office is excited to spend some time off with their families, but as the business owner, you have the added responsibility of throwing your employees a memorable seasonal send-off. . While not a requirement, throwing an end-of-year holiday party is a nice fringe benefit that doesn’t have to cost a lot but is a great way to show your employees that you care.

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Abrigo

SEPTEMBER 16, 2019

The burden of extensive regulatory exams on a financial institution’s BSA/AML program has taken its toll on the financial crimes industry for years. In an effort to improve the effectiveness and efficiency of those regulatory exams, the collective financial institution regulatory bodies (the Agencies) issued a Joint Statement on Risk-Focused Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Supervision (the Statement) on July 22, 2019.

Transactions 60

Transactions 60

Fundera

SEPTEMBER 15, 2019

5 Best Coffee Shop POS Systems. Best All-Around Coffee Shop POS: Square for Restaurants. Best Coffee Shop POS for High Volume Shops: ShopKeep. Best Coffee Shop POS for Larger Shops: Toast. Most Flexible Coffee Shop POS: Lightspeed for Restaurants. Best Low-Cost Coffee Shop POS: Loyverse. There’s nothing quite like the neighborhood coffee shop. It’s the perfect place to sip a hot beverage while you read your book, do some work, people watch, or reconnect with an old friend.

Credit Card Payments 75

Credit Card Payments Transactions Small Businesses 75

Fundera

SEPTEMBER 14, 2019

Stripe vs. Square: The Breakdown. When it comes to Stripe vs. Square, Stripe is the best choice for those looking for a developer-friendly online payment platform that offers far more payment options for customers. Square will offer you more powerful in-person payment options and an easy ecommerce store setup option. What about fees ? Square and Stripe have the same fees for online transactions at 2.9% + $0.30 per transaction, so it’s a draw.

Transactions 74

Transactions Small Businesses 74

Fundera

SEPTEMBER 18, 2019

8 Small Business Facts. There are 30.2 million small businesses in the United States. Eight million small businesses are minority-owned. Student debt is hurting small businesses and potential small-business owners. The chance of making it past your first year is pretty good. The most common reason businesses fail is a lack of demand. Small businesses were responsible for 66% of the new jobs in 2016.

Small Businesses 71

Small Businesses 71

Fundera

SEPTEMBER 17, 2019

What Is the Quick Ratio Formula? The quick ratio is a number that tells you within moments whether your company can pay all of its current debts. Also called the acid test ratio, the quick ratio is a measure of your business’s liquidity. The quick ratio formula is relatively uncomplicated. It is: (Cash & Equivalents + Short-Term Investments + Accounts Receivable) / Current Liabilities = Quick Ratio.

Credit and Collections 52

Credit and Collections Credit Card Payments 52

Fundera

SEPTEMBER 19, 2019

Few places are as important to a neighborhood as a local grocery store. They’re must-visit stores that have a high propensity toward repeat customers, can excite customers with new offerings and exotic ingredients, and can even give a town a gathering place to meet neighbors old and new. If you’re thinking about opening one of your own, you’re likely exploring your small business financing options as well.

Credit Scoring 49

Credit Scoring Small Businesses Default 49

Fundera

SEPTEMBER 20, 2019

FIFO vs. LIFO, Explained. FIFO and LIFO are the two most common inventory valuation methods. FIFO stands for “first in, first out” and assumes the first items entered into your inventory are the first ones you sell. LIFO, also known as “last in, first out,” assumes the most recent items entered into your inventory will be the ones to sell first. The inventory valuation method you choose will depend on your tax situation, inventory flow, and recordkeeping requirements.

Default 40

Default Small Businesses 40

Fundera

SEPTEMBER 18, 2019

Starting a business in MN can seem completely daunting to brand-new entrepreneurs. But if you’re considering starting a business in MN, you can feel comforted by the knowledge that you’ll be joining a robust network of fellow small business owners—in fact, small businesses make up 99.5% of all businesses in the state. And if that many Minnesotans have succeeded in launching their own ventures, there’s no reason why you can’t too. .

Small Businesses 40

Small Businesses Credit Scoring 40

Fundera

SEPTEMBER 17, 2019

What Is Square for Retail? Square for Retail is a point of sale system from the company Square designed specifically with retail businesses in mind, and with their feedback taken into consideration. It includes a specific retail POS app, smart customer directory, inventory management, and employee management designed specifically for retail. When you run a retail company, you want your merchant services to be as customized to your unique business needs as possible.

Dashboards 40

Dashboards Transactions Retail Companies Small Businesses 40

Fundera

SEPTEMBER 16, 2019

How to Become a Personal Trainer: 5 Steps. Evaluate whether you’re right for the job. Get certified and trained. Maintain your CPT certification. Continue your personal training education. Market yourself! For the fitness-obsessed, learning how to become a personal trainer is a total dream job: You get to set your own schedule, you help others achieve their fitness goals, you can use your training to start your own business , and you can essentially spend your entire day in your happy place—the

Small Businesses 40

Small Businesses 40

Fundera

SEPTEMBER 15, 2019

Recruiting talented employees is a tough task in any labor market. With competition fierce and unemployment at a 19-year low, though, it’s even more challenging in 2019. An impressive employee benefits package is one of the best ways to get results. Though salary continues to be the most important factor in where employees choose to work, benefits are not far behind.

Small Businesses 40

Small Businesses 40

Fundera

SEPTEMBER 14, 2019

How to Start an Online Boutique in 7 Steps. Step 1: Choose your business name and entity. Step 2: Create a business plan. Step 3: Choose an ecommerce platform. Step 4: Register your boutique and get an EIN. Step 5: Get any business licenses or permits. Step 6: Open a business bank account and get a business credit card. Step 7: Get funding. In the digital age, online boutiques are a popular alternative to heading to your local store and shopping around, looking for an item they might not even ha

Credit Scoring 40

Credit Scoring Default Small Businesses 40

Fundera

SEPTEMBER 16, 2019

5 Best Credit Card Readers for iPhone. Square: Best overall credit card reader for iPhone. PayPal Here: Credit card readers for iPhone with greatest variety. Payanywhere: Credit card readers for iPhone with cheapest processing. SumUp: Simplest credit card reader for iPhone. SwipeSimple: Best credit card reader for iPhone from merchant account provider.

Credit Card Payments 40

Credit Card Payments Transactions Small Businesses 40

Fundera

SEPTEMBER 15, 2019

BigCommerce vs. Shopify vs. Woocommerce: A Summary. BigCommerce: An all-in-one ecommerce platform with impressive payment processing options, well-suited for a variety of business owners. Shopify: The all-around top ecommerce solution with rich features, one of the quickest and easiest platforms to use to start an online store. Woocommerce: An open source WordPress plugin, best suited for WordPress users and business owners who want an approachable open source solution.

Transactions 40

Transactions international credit Dashboards Small Businesses 40

Fundera

SEPTEMBER 18, 2019

Whether you’re launching a new online store or improving an existing site, it’s important to focus on the ecommerce website design elements that matter most to today’s shoppers. Of course, key building blocks like great imagery, detailed product descriptions, consistent branding, and a simple checkout are must-haves for any site. But to make your ecommerce website stand out from the crowd in 2019, you need to nail more than the basics. .

Small Businesses 40

Small Businesses 40

Abrigo

SEPTEMBER 19, 2019

Optimism hit a five-year high in 2017 among c-level executives at financial institutions, but this year, optimism took a sharp dip amidst concerns over decelerated loan growth, an uncertain economy, and higher interest rates, according to survey results by Cornerstone Advisors. Competition for deposits is high, but financial institutions are becoming savvier in finding ways to break through these banking slumps.

Credit and Collections 60

Credit and Collections Credit Unions Credit Risk 60

Fundera

SEPTEMBER 20, 2019

It’s lonely at the top. This may not be the most motivating quote to start out with, we know, but as a business owner—whether that business is a side hustle or a multi-location outfit that’s dozens of employees strong—you’ve probably found this sentiment to be true. Hopefully, you’ve developed a network of mentors, advisors, and fellow entrepreneurs to keep your morale high and your wheels turning.

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