Fundera

JANUARY 30, 2020

America’s small businesses run on the tireless effort and ingenuity of their owners and employees. They also require capital or funding—otherwise known as the cash to cover overhead costs, make repairs, fund expansion, upgrade equipment, or even buy another business. . While some startups are lucky enough to be buoyed by venture capital, most U.S. businesses (and remember, U.S. small businesses make up 99.7% of the country’s employer firms ) turn to some kind of small business loan to help them

Small Businesses 122

Small Businesses Credit Scoring Law Firms Credit and Collections 122

Abrigo

JANUARY 6, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Regulatory change in focus. Bank Secrecy Act (BSA) and compliance officers at financial institutions in 2019 remained focused on staying on top of all of the regulatory changes occurring in the space, and it showed in the articles on Abrigo’s blog that we

120

120

GoCardless

JANUARY 30, 2020

Neil Morgan highlights the big opportunities in the global subscription economy.

52

52

Wellen Business Credit

JANUARY 8, 2020

With retail computer network breaches becoming increasingly common and garnering more media attention, restaurant owners have a responsibility to keep their customers’ personal and financial information private. Preventive strategies can help keep your customers’ information safe and your business running. Here’s some advice you can use to help keep your restaurant’s network secure.

Default 40

Default Transactions 40

Fundera

JANUARY 19, 2020

25 Best Tech Business Ideas. Food tech. Web design. Extended reality. Robotics. Customer experience management. Influencer marketing. Content automation. Artificial intelligence. Podcasting. Streaming service. 3D printing. Ecommerce. Portable charging devices. Publishing eBooks. Fitness tech. Online teaching. Mobile app development. SEO consultant. Social media consultant.

Cybersecurity 100

Cybersecurity 100

Fundera

JANUARY 10, 2020

As a small business owner, you’ve worked hard to get to where you are today. You deserve a pat on the back—or maybe two or three. However, it’s important not to get too accustomed to those pats on the back! As you achieve success, your employees, coworkers, and maybe even your clients strive to please you more. They may listen more attentively to what you have to say and agree with you more often.

Small Businesses 95

Small Businesses 95

Fundera

JANUARY 17, 2020

One part of being a business owner means keeping records for everything: what you’ve earned, spent, and where you’ve traveled. It can become easy to get swamped in paperwork and receipts and you may be tempted to toss your records once the year is over and your business taxes are filed. . Not so fast. . The IRS actually requires that you hang onto those records for years before you’re allowed to toss them.

Bad Debt 91

Bad Debt Deductions Insurance Companies Transactions 91

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

Fundera

JANUARY 31, 2020

12 Valentine’s Day Marketing Ideas. Create Valentine’s Day blog content. Showcase happy customers or couples. Host a Galentine’s Day event. Promote products for self-care or self-love. Host an in-store giveaway. Host an online contest. Offer coupon codes in exchange for emails. Do something that breaks the mold. Revamp your social media. Decorate your business.

Small Businesses 89

Small Businesses 89

Fundera

JANUARY 9, 2020

Managing your business financials is no easy feat, especially when you have to project future numbers to create your yearly budget, for example. While it would be great to tap into a crystal ball to see how your business will perform in the next several months, there is a real solution that can help any business owner: sales forecasting. Sales forecasting methods are one of the many ways in which you can look toward the future of your business and take steps right now to improve your future sale

82

82

Abrigo

JANUARY 29, 2020

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Ag producers are predominately concerned about liquidity and income; lenders are most concerned about credit quality, competition, and weaker loan demand. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability.

Credit Unions 78

Credit Unions Credit Risk Bankruptcy 78

Abrigo

JANUARY 27, 2020

Key Takeaways Make sure your credit union is filing SARs and CTRs properly. Thoughtfully consider whether or not your CU can safely and properly serve hemp-related businesses. Strengthen credit risk by improving your credit union's loan underwriting standards. Be proactive in cybersecurity controls and implement best practices. . The new year often brings a time of reflection and goal setting.

Credit Unions 78

Credit Unions Cybersecurity CECL Credit Risk 78

Abrigo

JANUARY 27, 2020

Key Takeaways Formerly BAM+ User Group (BUG), ThinkBIG: Fighting Financial Crime has been around for 16 years. Earn approximately 10 CE credits in two-and-a-half days. Get insight on the latest product roadmaps and test out upcoming product releases before they go live. A quick search for BSA/AML conferences returns thousands of results – 128,000 to be exact.

78

78

Abrigo

JANUARY 10, 2020

Key Takeaways If you don't feel like your modeling results are relevant, then it might be time to ask different questions. Shift your ALM model from a static to a dynamic approach to find more value in your results. Strapped for time to implement these strategies? Consider leveraging valuable resources to help. If the primary goal of your asset/liability management (ALM) process is centered on meeting interest rate risk reporting requirements, then it’s likely that your institution views ALM as

Credit Unions 78

Credit Unions 78

Abrigo

JANUARY 8, 2020

Key Takeaways The most popular BSA/AML and fraud blog posts in 2019 related to staying on top of regulatory changes. BSA and compliance officers wanted to read about SARs, risks tied to cannabis-related businesses, and preparing for CAMS exams. Artificial Intelligence in BSA/AML. Artificial intelligence is one of the biggest buzzwords in the anti-money laundering (AML) community.

Cybersecurity 78

Cybersecurity Transactions 78

Fundera

JANUARY 14, 2020

Top Travel Business Ideas. Modernized Bed and Breakfast. Off-the-Beaten-Path Tour Guide. Glamping. Remote Travel Agent. Travel Consultant. Travel Photographer. Create a Haunted Attraction. Teach Cultural Classes. House or Pet Sitting. Travel Blogger. Ecotourism. Home Rentals. If there is one thing most people can agree on, it’s that traveling is one of life’s great pleasures.

75

75

Fundera

JANUARY 17, 2020

One of the many reasons to keep your business accounting records organized and up to date is so you can easily analyze and understand the key performance indicators in your business that are vital to your success. Key performance indicators, or KPIs , use ratios and percentages to let you look beyond the dollar figures in your business and get to the heart of how you are truly performing.

74

74

Fundera

JANUARY 25, 2020

What Is Excess Liability Coverage? Excess liability coverage, also referred to as commercial excess liability insurance, is a type of policy that provides higher limits on your existing, underlying small business insurance policy. This type of liability insurance does not, however, expand your current coverage, but simply offers a higher dollar limit to protect your business in the case of a claim with costs reaching above the amount of your existing policy.

Insurance Companies 71

Insurance Companies Deductions Small Businesses 71

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

JANUARY 6, 2020

For almost every market, there are multiple competitors seeking the eyes and dollars of the same customers. So how do you get your business to stand out? Your unique selling proposition is key to your business’s marketing strategy and overall success. After all, if no one knows why your products or services are special, why will they choose them over all the other options out there?

68

68

Fundera

JANUARY 27, 2020

How to Respond to Customer Complaints. Set standards beforehand. Respond as quickly as possible. Make sure you’re the one responding. Listen and gather information. Validate their concerns. Apologize. Find a solution. Make a record of the complaint. Follow up. No matter how skilled you are at customer service , you’re never going to make every customer happy.

Small Businesses 63

Small Businesses Accounting Firms 63

Fundera

JANUARY 29, 2020

Designing a restaurant from scratch can seem like a herculean task—with so many small details to remember, all the spreadsheets in the world can’t guarantee that something won’t slip through the cracks. It’s normal to feel overwhelmed when starting a business , but it’s also important to remember to enjoy the process. After all, you only start your first business once. .

61

61

Abrigo

JANUARY 13, 2020

Key Takeaways Cross-selling may be the most efficient way for your financial institution to achieve strong growth. Cross-selling to stem “hidden defections” represents huge untapped opportunities for institutions, according to a study by Bain. Having the right technology can play an important role in cross-selling CFI customers or members. Cross-selling: An efficient growth investment.

Credit Unions 60

Credit Unions Credit Risk 60

Fundera

JANUARY 12, 2020

Whether you’re the owner of a new business or a business that’s been operating for many years, you’ll be able to better manage your business finances by using a tool known as sales forecasting. . In this guide, we’ll explain what sales forecasting is and how you can use this strategy for your own business. . What Is Sales Forecasting? Simply put, sales forecasting is a tool you can use to estimate your business’s future sales.

58

58

Fundera

JANUARY 11, 2020

7 Steps to Starting a Meal Prep Business. Pick your niche. Create a business plan. Obtain licenses, permits, and insurance. Identify where you will sell your goods. Find some small business funding. Find and manage supplies. Write a marketing plan. As people around the globe became busier, our food became easier to obtain than ever before. Frozen meals and fast food reigned supreme.

Small Businesses 58

Small Businesses 58

Fundera

JANUARY 10, 2020

Project risk is an unpredictable event that causes a project to not go as planned. As a small business owner, you know there’s no such thing as a risk-free project. There are numerous circumstances that can delay your projects and cause you to spend more than you anticipated. . Here are 22 of the most common examples of project risk, along with helpful tips to manage them.

Default 58

Default Small Businesses 58

Fundera

JANUARY 8, 2020

If you’re thinking about joining a franchise , then consider entering the daycare industry. With 47 million children under the age of 12 and increasing dual-income households, demand for child daycare services is rising. The child daycare services market is projected to grow up to $520 billion by 2022 , a significant jump from the industry’s $339 valuation in 2018.

Default 58

Default 58

Fundera

JANUARY 6, 2020

It comes as no surprise that women make positive impacts on various business endeavors. Their ability to calculate risks while putting their egos aside and prioritizing collaboration are just a few ways women make great leaders. Even though women have a harder time landing investors than men when it comes to business funding, over 50% of workers would rather work for women-led companies.

58

58

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.

58

58