June, 2019

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The 25 Best Business Articles Every Entrepreneur Should Read

Fundera

As an entrepreneur, you face regular roadblocks from worries about the future to difficulties managing personnel. To learn to face these roadblocks head-on, you can turn to books, trusted advisors, or perhaps best of all for your busy schedule: business articles. Business articles serve as an accessible source of small business advice , whether you find them in a journal, business magazine , or business blog.

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Latest CECL FAQs

Abrigo

The Financial Accounting Standards Board’s new current expected credit loss (CECL) standard, known as one of the biggest changes to bank accounting. Because of the complexities and changes that CECL brings, there are many questions surrounding implementation, potential effects, and more. The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (O

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The SaaS Churn Bible – eBook in association with Chargify

GoCardless

If customers churn just as fast as they convert, your recurring revenue will never be able to reach its true potential. Download this guide for actionable tips on managing churn from seasoned SaaS leaders.

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[Slide Share]: There's no GPS to help your patients on their financial journey through healthcare

MediRevv

Imagine if your patients were armed with all the tools and resources they needed to make informed decisions on their healthcare choices and billing options. The focus on surprise medical bills and patient loyalty has been in the news recently, along with how high-deductible health policies are linked to delayed diagnosis and treatment.

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Customer Account Agent or Bill Collector

Eastern Credit Management Services

“You’re a Bill Collector, you collect overdue accounts; thus you must be one”, you would not believe how often we hear this day today. The truth is yes, we collect overdue accounts, but we are not Bill Collectors by definition; we are an extension of your business. That’s why we refer to individual members of our collection department as Customer Account Agents, as we take a customer service approach to the collection of our clients’ overdue accounts.

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What is D2C Marketing and Why Do Millennials Love it So Much?

Fundera

Direct to consumer marketing (D2C) is a strategy in which a company promotes and sells a product or service directly to consumers, cutting out the need for any intermediaries. The number of businesses that independently manufacture, promote, sell, and ship their own products is rising, and growing popularity of this strategy is rapidly changing the business landscape on the whole.

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35 Small Town Business Ideas That Every Community Needs

Fundera

35 Small Town Business Ideas for Every Community. Restaurants. Hybrid Bar & Coffee Shop. Liquor Store. Handyman or Contractor. Automotive Repairs. Home Cleaning. IT and Computer Services. Pet Store, Grooming, and Boarding. Salon or Barbershop. Gas Station. Grocery Store. Drugstore. Antique or Thrift Store. Fitness Studio or Gym. Tutoring Business.

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The Ultimate Guide to Switching Business Bank Accounts

Fundera

As you go about your day-to-day business operations, you may forget just how integral your business bank account is to your small business. After all, you started the account for a reason—and when you stop and think about it—you use it much more than just as a place to store funds. You may use your business bank account to pay your bills, employees, suppliers, or all three.

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The 40 Best Online Business Ideas for Entrepreneurs in 2019

Fundera

The Top 40 Online Business Ideas. Social Media Marketing. SEO Consulting. Freelance Designing. Freelance Writing. eBook Writing. Translation. Editing. Writing a Blog. Freelance Researching. Freelance Coding and Web Design. Software and App Development. Photography. Business Coaching. College Consulting. Tutoring. Online Fitness Training. Ecommerce Store.

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Why a Founders’ Agreement Is Important for Every Small Business

Fundera

What Is a Founders’ Agreement? A founders’ agreement is a legally binding contract, usually in writing, that outlines the roles, rights, and responsibilities of each owner in a business. It could be a standalone document, or it could be incorporated into corporate bylaws, an LLC operating agreement, or partnership agreement. A founders’ agreement is designed to protect each founder’s interests and to prevent conflict down the line.

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Why Good Employees Quit: The Top 10 Reasons and How to Prevent Them

Fundera

Top 10 Reasons Why Good Employees Quit. Lack of respect or trust. Low pay. Poor company culture. Feeling overworked and underappreciated. Bad manager. No growth opportunities. Disconnect with company values. Issues within their team. Poor leadership. No work-life balance. There are few faster ways to cause major problems at your company than to forget that a good business is staffed by satisfied, energetic, and engaged employees.

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How Small Businesses Can Earn, and Keep, Customers Trust

Fundera

Just like respect, trust is not given—it’s earned. In the world of business, people will not buy your products or your services if they don’t trust you. They need to find your business trustworthy before they decide to hand over their hard-earned cash. The tricky part about trust is that it cannot be forced on other people. You cannot just tell people to trust you so you can make a sale.

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Hiring Mistakes Employers Make and How Your Small Business Can Avoid Them

Fundera

10 Common Hiring Mistakes to Avoid. Not defining job duties clearly. Not having a process in place. Having too wide of a candidate pool. Not preparing for interviews. Talking in interviews more than you listen. Ignoring the cultural fit. Trusting your gut too much, or too little. Not prioritizing your hiring qualifications. Not checking a candidate’s references.

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How to Use Instagram for Business

Fundera

Standing out as a small business isn’t the easiest feat in the world. Incumbents in your field have an outsized presence with consumers, and may even be household names depending on your industry. Plus, other small or medium-sized businesses may be working with big marketing budgets that make it even more difficult to help your business have a meaningful presence online.

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Small Business Credit Card Readers: The Best Options

Fundera

Small Business Credit Card Reader Options. Low-cost options. Square magstripe reader. Square chip card reader. Medium-cost options. Clover Go. Square chip and contactless reader. Square Stand. High-cost options. Clover Flex. Clover Mini. Clover Station. Square Register. Credit card readers come in all different shapes and sizes. If you’re just starting your search for a small business credit card reader, you’re likely just becoming aware of that fact.

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LLC Operating Agreement: Why You Need One and What to Include

Fundera

What Is an LLC Operating Agreement? An LLC operating agreement is a legal document that outlines the governing structure of the LLC, as well as the rights and responsibilities of each owner. An operating agreement isn’t legally required in most states, but it should be stored with other important business records. When starting a new business, every entrepreneur wants to focus on their customers and providing the best product or service.

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PayPal Alternatives: Your 35 Best Options, All in One Place

Fundera

35 Best PayPal Alternatives. 2Checkout. Adyen. Amazon Pay. Authorize.Net. BlueSnap. Braintree. Charge.com. Dwolla. FastSpring. Fattmerchant. Google Pay. Intuit GoPayment. Klarna. NETELLER. Merchant, Inc. Paylane. Payline. Paymate. Payoneer. Paysera. Payza. Popmoney. ProPay. Selz. Shopify Payments. Skrill. Square. Stripe. TransferWise. Venmo. ViewPost.

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How to Motivate Employees: 7 Ideas for Employers

Fundera

How to Motivate Employees: 7 Ideas. Provide open, honest, respectful communication. Offer your employees opportunities to learn and develop. Listen to employee concerns and address issues. Offer incentives for good performance. Be flexible to different employee work-styles. Foster a comfortable and welcoming workplace. Gamify work-related tasks. Motivation comes from the inside out.

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23 Best Small Business Forums That Could Help Answer Your Questions

Fundera

23 Best Small Business Forums. Small Business Forum. Quora. Small Business Forum.net. BizWarriors. Small Business Brief. CNET Small Business and Startups Forum. Small Business Computing and Ecommerce Forum. ChefTalk. QuickBooks Online Community. Practical Machinist. Warrior Forum. Bank of America Small Business Online Community. Business Advice Forum.

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The Best Banks for Small Business In Michigan

Fundera

No matter where you are, it’s important to find a great bank for your small business when you’re setting up shop or growing rapidly. We’re going to look into the best banks for small business in Michigan, specifically, so you can find an excellent fit for your company that understands your local needs. No matter if you’re right in the heart of the action in, say, Ann Arbor, or peacefully enjoying yourself in the Upper Peninsula, you’ll be happy to discover that there’s a range of options among t

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7 Project Management Methodologies You Need to Know About

Fundera

Time is money. We’ve all heard this mantra of entrepreneurs at least once before. Small business owners know it’s true––the more time spent on a task, the less money you make. So how can you streamline your operations and become more efficient with your work if you have few resources and a small team? Enter project management. As a small business owner, you are also a project manager.

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How to Start a Real Estate Business

Fundera

Real estate is an industry that gets consistent attention as a lucrative, exciting work opportunity. Best of all, by working in real estate, you’re able to cash in on a product that is almost always in demand, as people need homes and commercial space in just about any economic environment. Plus, real estate can bring in some serious cash, depending on the opportunities in your area and overall industry conditions.

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Customer Lifetime Value: Why It Matters, Formula, and Examples

Fundera

What Is Customer Lifetime Value? Customer lifetime value (CLV) is a formula which tells you how much revenue a customer will generate over their entire relationship with your business. Calculating CLV can help you with budgeting, forecasting, and resource allocation decisions. Ultimately, a company’s viability depends on customers returning again and again.

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12 Interview Questions to Help You Find the Perfect Candidate

Fundera

Out of the many responsibilities of a company’s human resources management , finding suitable employees to staff a growing small business comes with a special set of challenges. The employee selection process takes time and effort, between attracting qualified candidates through job postings, wading through stacks of submitted resumes, and keeping applicants engaged throughout a hiring process that can take up to 23 days.

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Progress Billing: How to Effectively Invoice Clients So You Get Paid

Fundera

Progress Billing Definition. Progress billing is the process of incrementally invoicing clients for a project based on the percentage of work already completed. Progress billing is typically used for large, long-term projects, and it helps contractors maintain an adequate level of funding throughout the duration of the project. It shows the original contract amount, changes made to that total amount, the total balance already paid, the percentage of work completed, the amount currently due, and

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A CECL Timeline for Credit Unions

Abrigo

We are closing in on six months until the SEC filers’ CECL effective date. While credit unions have some additional runway after the November 2018 CECL delay, there is likely less time than expected. CECL is still happening, and in order to be ready to transition in time and with confidence, then it’s time to prepare now. “If you’ve kind of been dragging your feet on this, now is the time,” said Brandon Quinones, Manager of Credit Consulting.

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Why SBA Lending May Offer Growth Prospects for Credit Unions

Abrigo

Business borrowers really like credit unions – when they use them. In fact, credit unions have some of the highest business-borrower satisfaction rates among all types of lenders, according to the Federal Reserve’s latest Small Business Credit Survey. Satisfaction with credit unions was 76% among applicants for new credit — higher only for businesses that had applied at small banks (at 79%).

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World Elder Abuse Awareness Day: What Can Financial Institutions Do to Become More Aware?

Abrigo

Every year, it is estimated elder adults are exploited for up to $36 billion. World Elder Abuse Awareness Day aims to bring worldwide awareness to this under-reported problem. It is an international United Nations observance day that is commemorated by most countries around the globe on June 15. Elder abuse and elder financial exploitation (EFE) specifically is a growing concern in our families and communities as the baby boomer generation hits their senior years and is the most common form of r

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Strong Deceleration of Job Growth in May

Abrigo

This morning, the Bureau of Labor Statistics released its national employment situation report for May. The report was underwhelming, with just 75,000 jobs created last month – well below the 180,000 jobs expected. Revisions to the prior two months decreased their strong performance by 75,000, leaving us with an average of 151,000 jobs per month over the last three months – an OK, but not great, pace.

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Is a Test Environment Necessary? 5 Reasons Why Financial Institutions Need One for Their AML & Fraud Monitoring Systems

Abrigo

Change is inevitable. Software systems get upgraded; new technology gets implemented. Financial institutions should have Change Management Policies that define change, as well as establish the procedures around managing change. Changes could stem from internal sources, like policies and procedures, new products, or product updates; or they could be external changes, like new compliance rules and regulations.

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