Abrigo
JULY 10, 2019
The term kleptocracy has been used in the financial crimes profession for years, but many AML professionals do not understand its meaning and therefore are not adequately monitoring for it within their BSA/AML program. So, what is a kleptocrat? A kleptocrat is a term associated with political corruption and is defined as a ruler who uses their power to steal their country’s resources.
Fundera
JULY 22, 2019
A majority of workers feel distracted during the summer months, with 53% of workers reporting an increase in distraction from Memorial Day to Labor Day. This phenomenon, dubbed the “summer slump,” can have a big impact on your bottom line. An increase in distraction causes a decrease in motivation, with 1 in 4 employees feeling less productive during summertime.
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Eastern Credit Management Services
JULY 21, 2019
In 2019 there are five generations in the credit marketplace and they all have unique tendencies when it comes to obtaining and repaying credit. In this two-part blog we will explore these five generations: Silent Generation, Baby Boomers, Generation X, Millennials, and Generation Z, and how to deal with each one when recovering overdue accounts. The Silent Generation and Baby Boomers will be the focus of Part I.
GoCardless
JULY 18, 2019
Learn everything you need to know about Strong Customer Authentication (SCA), and how you can prepare your business in our on-demand webinar.
Abrigo
JULY 19, 2019
Last week, the Federal Reserve hosted a stress testing conference in Boston, MA. The conference brought together regulators, bankers, economists, and others to discuss the most important annual check on the stability of the banking system. The initial stress test conducted in 2009 was described as a “wartime” test meant to reassure the public that the system was solvent, and it was very effective.
Abrigo
JULY 17, 2019
One of the most important business relationships you will have is the one you maintain between your institution and your examination staff. This is not a relationship that only needs attention during the exam process. Instead, this relationship should be nurtured by both sides on an ongoing basis. In order to establish and maintain a strong, communicative relationship with your examiners, these five tips should be followed: Utilizing examiners as subject matter experts : Many compliance profess
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
JULY 20, 2019
Over the last 20 years I have counseled thousands of women business owners. They have faced immense challenges on the climb up the steep mountain of success and have handled each situation with grace, perseverance, and a focus on constantly pivoting their position so they can climb better. . While there are a multitude of barriers women face in the workplace, here are the top five challenges that most women struggle with at some point in their careers.
Fundera
JULY 26, 2019
45 Best Small Business Services. QuickBooks Online. Freshbooks. Wave Accounting. Zoho Books. Xero. Sage. Outright. Quicken. Bonsai. HostGator. SiteGround. Netfirms. InMotion Hosting. GoDaddy. BlueHost. A2 Hosting. iPage. Gmail. Zoho Mail. Outlook. Rackspace. Greatmail. PeopleMatter. Cezanne. Namely. Bamboo HR. Jazz. Gusto. Zenefits. Gusto. Rocket Lawyer.
Fundera
JULY 8, 2019
How to Start a Clothing Line in 7 Steps. Write a business plan. Find your niche. Understand your market. Design, source, and produce your clothing line. Market your clothing line. Work with an expert. Get financing for your clothing line. Maybe you’ve been sketching designs since you were a kid, have been making your own award-winning Halloween costumes for decades, and have already sold out of the custom T-shirts you’re making out of your garage.
Fundera
JULY 16, 2019
Business travel is essential for business owners, executives, and employees in a number of industries. Whether you’re attending a conference, meeting a client, or staking out a new business location, work sometimes requires you to be away from your company’s home base. . According to research by Expedia, more than 60% of travelers extend business trips for leisure purposes.
Fundera
JULY 21, 2019
You may have heard that ecommerce is on a path to outstrip traditional brick-and-mortar stores. But did you know that mobile commerce, or m-commerce, is growing at an even faster rate? Smartphones’ share of U.S. online retail sales surpassed 30% in the third quarter of 2018—and that’s without counting in-app sales. If you think about how much time you spend on your own smartphone, it’s no surprise that ecommerce is rapidly going mobile.
Fundera
JULY 4, 2019
15 Best Online Business Courses. Startup & Small Business Law. How to Start Your Own Business. Understand SWOT Analysis. The Lean Startup. Finance and Accounting for Small Business & Entrepreneurs. Financing Options for Small Businesses. Fundamentals of Accounting. Savings Plans for Small Businesses. Content Marketing Certification. Social Media Superhero.
Fundera
JULY 1, 2019
A business budget template is one of the most important tools you can use to run your small business. Unfortunately, many small business owners skip this vital business management step. There are a lot of misconceptions about budgeting. It seems difficult and time-consuming. But with a good business budget template, the process can be much less daunting.
Fundera
JULY 21, 2019
How to Start a Coffee Shop in 5 Steps. Step 1: Come up with a business plan for your coffee shop, including a structure, location, and a name. Step 2: Register your business and get the proper licenses and permits. Step 3: Find suppliers—first a high-quality coffee supplier. Step 4: Create a warm, inviting environment. Step 5: Adopt a good inventory system.
Fundera
JULY 18, 2019
At one point or another, small business owners find themselves faced with the opportunity or need to travel to pursue new partnerships, build relationships with customers, and ultimately grow their businesses. The costs of business travel can quickly pile up, especially with purchases you weren’t expecting. (Overpriced cup of coffee at the airport, anyone?
Fundera
JULY 5, 2019
If you have an ownership stake in a company, it’s not uncommon to experience growing pains. As your company expands and your goals shift, you might even decide that you want a bigger ownership percentage. On the flip side, you might want to sell your shares or bring in a new partner to lower your ownership stake in a company. Ownership percentages are obviously important because they determine what profits you’re entitled to from the business.
Fundera
JULY 7, 2019
One of the greatest joys of being an artist is sharing your work with the world. Jewelry designers in particular understand that, as jewelry can become especially sentimental to their customers. Starting a jewelry business is the best way to get your work out there and forge new connections with grateful clients. . It’s likely that you think of yourself as a jewelry designer first, and an entrepreneur second—if you think of yourself as an entrepreneur at all!
Fundera
JULY 7, 2019
So, you want to be an entrepreneur and you’re looking for a small business for sale. Maybe you love the idea of being your own boss and growing a successful business, but one roadblock is keeping you from moving forward: You’re having trouble coming up with an actual business idea to execute on. Some entrepreneurs are lucky enough to stumble across a million-dollar idea and start a business.
Fundera
JULY 20, 2019
What Is an LLC? A limited liability company (LLC) is a business entity structure in which owners aren’t personally liable for the business’s debts and obligations. LLCs are treated by default as pass-through entities for tax purposes. This means the LLC itself doesn’t pay income taxes, but the profits and losses of the LLC pass through to the owners’ tax returns.
Fundera
JULY 15, 2019
Having a side business on top of a day job isn’t necessarily easy, but it is becoming pretty mainstream. Whether you dream of starting a business one day and hope to grow your side business into a full-time gig or want to supplement your income or pursue a passion in your free time, a side hustle can be a great solution. In fact, as of 2017 over 44 million Americans had a side hustle ; and thanks to an increasingly mobile or freelance-based workforce, the side hustle trend isn’t likely to slow d
Fundera
JULY 1, 2019
Coming up with brilliant startup ideas may feel tricky to aspiring entrepreneurs, especially when it may seem that everyone’s already swooped up every good idea for a business. Still, it’s entirely possible to become successful by improving on existing products or putting a unique spin on an old idea. The benefits of self-employment can make the effort of launching a startup worth it.
Fundera
JULY 3, 2019
How to Create a Customer Referral Program. Set Your Goals. Identify Your Target Audience. Determine Incentives. Outline Your Customer Referral Program. Create Customer Referral Program Materials. Track Your Results. Developing your small business marketing strategy is an important step in growing your brand and, ultimately, your sales. And an effective part of this overall strategy is word-of-mouth marketing.
Fundera
JULY 3, 2019
Reading financial statements typically isn’t on the top of a small business owner’s to-do list. This is largely because many small business owners are confused by these statements. Instead of clarifying their business’s financial position, financial statements often serve to confuse business owners. As a result, you might find yourself dependent on your business accountant—who most business owners speak with only once or twice a year—to explain your business’s finances.
Fundera
JULY 2, 2019
10 Best Shopify Alternatives for Small Businesses. BigCommerce. 3dcart. Volusion. Square Online Store. PrestaShop. Magento. WooCommerce. Weebly. Wix. Squarespace. If you’re looking to start an ecommerce business , you’ve probably heard of Shopify. With 800,000 active stores around the world, Shopify has become a household name in the ecommerce industry.
Fundera
JULY 15, 2019
The Best Ecommerce Platforms for Small Business. Shopify : Best ecommerce platform for overall functionality and usability. BigCommerce : Great Shopify alternative with better options for themes, design, and accepting payments. 3dcart : Best Shopify alternative for built-in features and payment options. Volusion : Simpler Shopify alternative with cheaper processing rates.
Fundera
JULY 4, 2019
What Is a Pass-Through Entity? A pass-through entity doesn’t pay business taxes of its own. The income, losses, credits, and deductions of the business flow through to each owner’s personal tax return, and the profits are taxed at each owner’s personal income tax rate. Pass-through entities include sole proprietorships, partnerships, limited liability companies, and S-corporations.
Fundera
JULY 10, 2019
New small businesses pop up every day across the country and a huge portion of those new businesses are started by women. Women are starting businesses doing everything from accounting and bookkeeping to dog walking and freelance graphic design. . The options can seem endless and deciding which small business idea you find most interesting or want to start for yourself can be tricky.
Fundera
JULY 15, 2019
For all its functionality, from handling onboarding to performance reviews, training, and benefits administration, one thing HR management software can’t handle all on its own is building a highly engaged, collaborative team. The responsibility falls to company leadership to unify employees across departments and to encourage teamwork and a collective commitment toward a shared goal.
Fundera
JULY 12, 2019
How to Start a T-Shirt Business. Identify Your Market: Consider who you are trying to sell to, as this will inform the type, quality, and style of the T-shirts you design. Design Your T-Shirt: Your T-shirt design should factor in the quality, style, design, color, fit, weight, and softness of your product. Make Your Business Legal: Determine your business entity type, and file for a DBA (if needed).
Fundera
JULY 8, 2019
A brick and click business model includes both an e-commerce sales channel (the click) and a physical retail location (the brick). Sometimes called click and mortar, this type of business model marries the best of both approaches into a hybrid retail strategy. Maintaining both physical store and an online presence—typically a website —lends to a multichannel or omnichannel strategy, or one that relies on more than one approach to connect with customers.
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