Sat.Jul 22, 2017 - Fri.Jul 28, 2017

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16 Entrepreneurs’ Productivity Quotes to Keep Your Business Moving

Fundera

Starting your own business is a daunting task. And keeping your established business moving forward can be just as challenging. To get over the many hurdles starting and running a business presents, entrepreneurs need to stay productive and push through. If you need a little motivation to keep grinding away, here are 16 entrepreneurs’ favorite quotes on productivity in the workplace.

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Credit union webinar - CECL data quality

Abrigo

In a recent webinar for credit union executives, Danny Sharman a risk management consultant with Sageworks addressed loan data for these institutions, especially as they look toward the currect expected credit loss model (CECL) that will be required for the allowance for loan and lease losses (ALLL). The webinar covered how credit unions can improve the quality of their loan data, assure data adequacy and take steps towards data validation and modeling.

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How debt can be a tool for growth

GoCardless

Many dynamic companies find the cash injection provided by business finance is exactly what they need to give their growth plans a kick start, and there are more types of funding available to businesses than ever before.

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Visit Us at the CRF Forum & Expo in Denver!

Credit & Management Systems, Inc.

Attending CRF in Denver? Credit & Management Systems, Inc. will be at the CRF Credit & Accounts Receivable EXPO on Monday August 7, 2017. EXPO hours are 12 – 2 pm and 4 – 6 pm on Monday only. Stop by and let us show you what’s new in CMS Credit Suite. We’d love to chat about how your system can aid in streamlining your new account approval, current customer risk assessment, and/or collections monitoring processes so you are receiving maximum benefit.

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Are You at Risk for a Small Business Audit?

Fundera

The dreaded small business audit. Many business owners fear an audit by the IRS more than any other obstacle they might face. This fear—or at least, this level of fear—is largely unfounded. At its core, an audit is simply a “second look” by the IRS on a business’ tax return. The auditor compares the return to the business’ books, ensuring there are no discrepancies or other errors.

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Get your ducks in a row: HVCRE risk management

Abrigo

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. How did we get here? Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE. He starts by reviewing some of the data over the last decade, specifically the role that Acquisition, Development and Construction (ADC) loans played leading up to the 2007 recession.

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Revisiting ‘The Millionaire Next Door’: 20 Years Later Does the Premise Still Hold Up?

Fundera

When Tom Stanley asked William Danko for help studying the affluent in 1973, it began a decades-long collaboration that produced one of the most popular and influential books about money ever written, The Millionaire Next Door. The two PhDs explored what lies underneath everyday millionaires—the rich people among us who don’t overspend but save and invest wisely and have the bank accounts to show for it.

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Strategies for improving your firm’s cash flow management

Abrigo

The health and performance of your firm is determined by the volume and direction of your cash flow. The state of your cash flow can determine the future growth of the firm and impact the firm’s investment decisions. Selecting established and refined methods for cash flow management can be the difference between future success or failure for a company.

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Spotting and avoiding common errors in valuations

Abrigo

Whether it’s an error in the valuation of Snapchat parent Snap or an error in the valuation of a mom-and-pop restaurant up for sale, a mistake in valuing a business can be costly – to both the owners and the valuation professionals. The costliness of errors in valuation is one reason accountants and others performing valuations spend hours to earn professional accreditations, and it is one reason professional associations develop standards for business valuations.

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The State of Business Lending in 2017, According to Small Business Owners

Fundera

Despite Fundera’s best efforts to demystify the world of small business lending, the industry can still be a complex and confusing realm. With so many nuances and uncertainties, it’s that much more important for small business owners to be familiar with the financial health of their businesses. In order to achieve this financial fluency, small business owners have to know not only which financial resources to access but also that these financial resources exist at all.

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How This Small Business Owner Transformed a Hobby into a Fashion Career

Fundera

Black Owned Business Series Vol. 3 – feeperella from SwayHeavy Productions on Vimeo. Felicia Perry loves what she does. There’s one part she loves more than the rest, however: a final fitting, when a client sees themselves in one of Perry’s custom garments for the first time. “You just see that light in them kind of light up just a little bit more,” she says, smiling herself.

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Capital One Spark Business Credit Card Review

Fundera

Whether you want simple cash back or travel miles for your business purchases, Capital One Spark cards have you covered. Every Spark card offers simplicity in its reward program and limited fees, making the cards especially appealing to small business owners with infinite demands on their time and money. We break down the five Capital One Spark cards, show how they stack up against their competitors, and help you decide if a Spark card is right for you.

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What Is a Good Profit Margin for a New Small Business?

Fundera

More money is good money, right? In most cases, yes, but small business owners must also take into account another, slightly more complicated metric: the profit margin. In other words, what percentage of your revenue comes out as a profit against all your business costs and expenses? While it seems logical, there are many things small business owners either don’t know or forget about profit margins—including what your profit margin goals should be to begin with.

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The 10 Cheapest Ways to Build Your Small Business Website

Fundera

In today’s market, it’s common for even the smallest companies to conduct at least some business online. And whether you own an ecommerce store or need to allow for online bookings, you can’t really have an online presence without a website. But if you’re not tech-savvy and you can’t afford a freelance web developer with all your other startup costs to cover, are you out of luck?

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Top 5 business valuation blog articles so far in 2017

Abrigo

Summer is a good time to catch up on novels and non-fiction books you have wanted to read for fun. It can also be a great time to read professional development material dispensed in manageable doses. The Sageworks blog has dozens of brief, timely articles to help business valuation professionals and accountants building their valuation practices learn new ways to run their practices more efficiently and effectively.

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What Do FCC Talks of Net Neutrality Rollback Mean for Small Business?

Fundera

Huge names in tech are chiming into the net neutrality hubbub with big statements. From visits to the Google app to your habitual Reddit check-in, your surfing might have been interrupted with pro-net neutrality banners and simulations. Why are these big names making such noticeable statements? To understand the motivations behind these bold moves, you have to understand what net neutrality is exactly.