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.

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94

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.

Law Firms 78

Law Firms CECL Transactions Credit Risk 78

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.

Deductions 81

Deductions Small Businesses 81

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

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.

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Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Top blog posts reflect bank, CU priorities. As 2019 winds down, community banks and credit unions have worked hard to attract new customers and members and to retain existing ones.

Credit Risk 60

Credit Risk Credit Unions Small Businesses 60

Fundera

DECEMBER 31, 2019

While most small business owners have strong organizational skills, it can be hard to keep track of all the different documents flowing in and out of your business. But knowing each document’s purpose and when to use it is key to keeping your business accounting records in order. This, in turn, will make running your business that much smoother. In this guide, we’ll run through the differences between sales orders and invoices, so you know how each one will factor into your business’s operations

Transactions 63

Transactions Credit and Collections Small Businesses 63

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 3, 2020

Great Food Business Ideas. Food Truck. Non-Dairy Milk Alternatives. Plant-Based Meat. Meal Delivery Service. Specialty Diet Supplies. Bakery. Catering Company. Coffee Shop. Specialty Shop. Kombucha Brewing. Craft Brewery. Farmers Market Stall. Have you ever met anyone who doesn’t love food? We didn’t think so. All humans need food to survive, but it’s also something many are passionate about.

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Fundera

JANUARY 2, 2020

If you’re an entrepreneur in the making, or already have a business in the Bayou City, you’re going to need to find a good financial partner for your company. And by this, we’re not talking about a silent partner or investor with big pockets (although either of those would be nice, too). Rather, we’re talking about finding the best banks for small business in Houston. .

Small Businesses 52

Small Businesses Credit Unions Transactions 52

Fundera

JANUARY 1, 2020

How to Start a Candle Business. Create the perfect candle. Write a killer business plan. Obtain your licenses, permits, and insurance. Determine where to sell your candles. Explore your business funding options. Order and organize your supplies. Market and sell your candles. We all like our homes to smell nice and to feel cozy. What better way to make this happen than by lighting some candles.

Small Businesses 52

Small Businesses 52

Fundera

DECEMBER 31, 2019

When you wear something from fashion company Cee Cee’s Closet , its founders want you to feel stylish, confident, and deeply rooted. That last part is especially important, given that Cee Cee’s Closet was started by two Nigerian immigrants who source all their products from their home country. “We wanted to create a product that has a meaningful connection for the African diaspora,” says Chioma Ngwudo, who started Cee Cee’s Closet with her sister Uchenna (“Chenny” for short) in 2015.

Small Businesses 52

Small Businesses 52

Fundera

DECEMBER 29, 2019

Uncollectible invoices are an unfortunate reality for many businesses. Although most customers enter into a business relationship with you intending to pay in full and on time, sometimes they are unable to make their payments as promised. And sometimes they cannot make a payment at all. When this happens, it becomes necessary to write off the uncollectible invoice.

Bad Debt 52

Bad Debt Credit and Collections Default Invoice Amount 52

Fundera

DECEMBER 28, 2019

If someone doesn’t have experience with an RV park, they might not know how much capital it can take to run one. There’s land, maintenance, and lots more. If you’re looking to buy an RV park, or finance the one that you currently own, you’ll find lots of options for business loans for RV parks. Some are flexible, and some have very specific uses—but no matter what you’re looking to pay for, you should be able to find a match for you.

Credit Scoring 52

Credit Scoring Default Small Businesses 52

Fundera

DECEMBER 28, 2019

Consider the shape of a Hershey’s Kiss or a Pringles chip; they’re all invaluable intellectual property. In modern business, intellectual property defines the legal rights of intangible assets. From a product to a process, from software to a customer database, intellectual property covers a wide range of creations. It’s no surprise that small to midsize companies build the walls of their professional fortress higher with each new financial milestone.

Small Businesses 58

Small Businesses 58

Fundera

JANUARY 2, 2020

Has the time come to let a toxic employee go? Should you open another business location ? You likely won’t get very far in business if you haven’t mastered the art of how to make a hard decision quickly and intelligently. If it seems like you simply can’t make hard decisions, no matter how many deep breaths you take or almonds you snack on, maybe you can’t.

Small Businesses 91

Small Businesses 91