Sat.Aug 05, 2017 - Fri.Aug 11, 2017

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6 Things You Need to Know Before Starting a Marijuana Business

Fundera

California, Massachusetts, Maine, and Nevada all recently legalized the recreational use of marijuana —making it 33 states, including the District of Columbia, that allow some sort of legal use of the drug. What does this mean for the entrepreneurial minded? Is the cannabis industry the next industry to enter? With its age and regulatory environment, the cannabis industry is unlike any other.

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Stress testing revisited to avert risk and improve risk ratings

Abrigo

There is a wealth of information made available by regulatory agencies and consultants around which types of loan portfolio stress testing methods should be used by financial institutions. Two ways in which stress testing results can be used to an institution's advantage is to avert risk and improve the risk rating process. Avert Risk The OCC’s October 2012 Supervisory Guidance notes that financial institutions that perform stress testing “have the ability to minimize the impact of negative mark

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6 Entrepreneurs on Why Mentorship Is the Key to Success

Fundera

Having a business mentor can mean the difference between success and failure for many small business owners. When it comes to great accomplishments, many successful entrepreneurs are “standing on the shoulders of giants.”. That’s right. Someone once showed them the ropes, giving them both the confidence and encouragement needed to reach new heights in business.

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3 Basic Accounting Concepts Every Small Business Owner Should Know

Fundera

You didn’t get into business to be an accountant , so why do you need to know basic accounting concepts? Many business owners rely exclusively on their bookkeeper or accountant to tell them what they need to know about their financial statements, and most bookkeepers and accountants love discussing a business’ numbers. However, by knowing these three basic accounting concepts, you can understand what your business is telling you between meetings with your financial advisers.

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10 Online Resources to Help You Become a Quickbooks Expert in No Time

Fundera

QuickBooks is an absolutely essential tool for small business owners or accountants looking to streamline their accounting and bookkeeping. But when you’re just getting started, you might feel a bit overwhelmed. Don’t worry! I’ve got you covered. If you want to become a QuickBooks expert, a ton of resources are out there for you to take advantage of.

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6 Ways Work Will Change in 2020 and Why They Matter

Fundera

Over the past few years, the workplace has changed dramatically and will continue to change with continued advances in technology and the domination of the millennial generation across various industries. By 2020, millennials will make up more than half of the global workforce , and this will cause a significant shift in demands and expectations in the workplace.

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7 Policies that help CPA and consulting firms recruit for advisory services

Abrigo

A national benchmarking report shows that professional staff turnover rates exceed 20 percent in 1 of every 5 accounting firms generating more than $75 million in annual revenue. With this in mind, it is no surprise that recruiting and staffing are major issues for firms trying to grow their advisory services. Indeed, Jeff Phillips, CEO of online staffing firm Accountingfly, is routinely told by accounting and consulting firms that they are struggling to recruit and hire.

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What Happens When Your Side Projects Become a Business

Fundera

Tina Roth Eisenberg from Like Knows Like on Vimeo. Tina Roth Eisenberg didn’t plan to become an entrepreneur. “I don’t think I’m the entrepreneur type,” she confesses. “I’m more like, ‘Yeah, that looks like fun’ or ‘Yeah, we could use this!’” But don’t let her humility fool you—Eisenberg’s tenacity has spawned a small empire that includes a booming temporary tattoo business, an app company, a co-working space, a monthly lecture series, and a popular blog.

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Small Businesses Pay Their Employees More to Compete in a Tight Market

Fundera

It seems like a fairly obvious, if difficult to institute, business hack: If you want happier employees, pay them more. Happier employees are more productive , which means that they’re worth the investment. We see this play out for large corporations all the time. When Wal-Mart pays its employees minimum wage or close to it, turnover is high—but when they increase wages, people stay on and do better work.

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Credit Scores: A Cheat Sheet to Each Bureau’s Scoring Systems and Versions (New Download)

Fundera

When one number attempts to sum up how trustworthy you are as a borrower, things can get a little tricky. That’s why there’s so much anxiety and confusion tied up into credit scores—they have to essentialize a very delicate subject, your financial history, and all of its up and downs, into one tiny number. We understand the confusion and anxiety—that’s why we’ve created an eBook guide to all things credit scores.

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The Best Credit Cards for Business Owners With Excellent Credit

Fundera

If you’re a small business owner who’s put in the effort to build a top-tier credit score, congratulations! Your FICO score can translate into earning great rewards, perks, and signup bonuses for your everyday business purchases, or into a flexible financing option with a zero APR period. Looking for the best credit cards for excellent credit? We break down the best offers out there, no matter what you’re looking for.

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Your Ultimate Guide to Starting a Business with Student Loan Debt

Fundera

There’s no doubt that student loan debt is a massive issue in the U.S. Collectively, Americans owe over $1.4 trillion in student loan debt spread out among 44 million borrowers —and it’s only growing. 70% of students this year graduated with loan debt, averaging around $35,000—up from $13,327 in 1995. A debt load can make it very difficult for young people to procure financing if they want to start a business.

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How Millennials Can Start a Business When They Have Personal Debt

Fundera

If you’re a millennial who dreams of owning your own business, you’re not alone. According to a joint survey from EY and the Economic Innovation Group , 62% of young adults have considered starting their own business. The biggest obstacle standing in their way? For 42% of them, it’s a lack of financial means. Starting a business with no capital is tough enough.

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Business valuation software: What are the benefits?

Abrigo

In the same way that no two businesses are the same, no two business valuations are the same, either. This is partly why the practice of business valuation is often said to be part art, part science. Valuation professionals must conduct research and apply professional standards, such as the AICPA’s SSVS No. 1 , but they also use judgement throughout engagements.