Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities. Get a handle on your personal and business credit scores. Understand your business loan options and work to qualify for the financing you’ll need in the future.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Abrigo

OCTOBER 21, 2019

A farmer, a university student, and a business owner walk into a bank. It sounds like the beginning of a joke, but for many community financial institutions, a spectrum of different customers and banking needs is something that they see every day. However, they’re probably seeing fewer of these customers walking into a physical branch. Today, 73% of all consumer interactions with financial institutions are done digitally , according to the 2019 FIS Performance Against Customer Expectations (PACE

Credit Unions 87

Credit Unions 87

GoCardless

OCTOBER 24, 2019

Hiroki Takeuchi, Co-founder and CEO, reflects on 2019 and a new milestone.

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Fundera

OCTOBER 23, 2019

The location of your startup could have a big impact on its growth and eventual success. The interest of investors in your startup, the availability of talent in the local labor pool, and an area’s cost of living can all work in a company’s favor or against it. . Startup culture is centered in a few regions in the United States. The Silicon Valley Bay Area accounts for 45% of total venture capital investment in the U.S.

Nonprofit Organizations 94

Nonprofit Organizations 94

Fundera

OCTOBER 21, 2019

How to Start a Winery: 5 Steps to Starting a Wine Business. Come up with a name and choose a business entity. Write a business plan. Navigate licensing, permits, and taxes. Create a budget. Get funding for your wine business. To take on the challenge of how to start a winery, you need to be determined, fearless, and passionate about your craft—although owning a vineyard seems romantic, starting a business in any industry is work, and the wine business is a tough one. .

Credit Scoring 85

Credit Scoring Credit Unions Small Businesses 85

Fundera

OCTOBER 24, 2019

As a small business owner, you’re probably juggling about a million different tasks and projects, so your time is in short supply. Learning how to manage your time effectively when you start a business is crucial for increasing your productivity, getting through your miles-long to-do list every day, and generally maintaining your sanity. And who better to ask about time management tips for entrepreneurs than entrepreneurs themselves?

Small Businesses 77

Small Businesses 77

Fundera

OCTOBER 24, 2019

Amazon Lending: An Overview. Amazon Lending is a program in which Amazon offers short-term business loans to qualified sellers so that they can finance additional inventory to sell through the Amazon marketplace. Amazon loans are invitation-only and amounts range from $1,000 to $750,000. Amazon Lending does not check credit. Between their online marketplace, streaming service, and grocery delivery platform, there isn’t much that ecommerce giant Amazon isn’t involved in—and that incl

Credit and Collections 73

Credit and Collections Deductions Small Businesses Credit Scoring 73

Abrigo

OCTOBER 23, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. In a marketplace where data is shared and distributed at record speeds, third-party or vendor risk management is a challenge for most businesses. The banking industry is no stranger to this. The spotlight from federal and state regulators continues to shine on the use of third parties, and the pressure for those vendors to meet regulatory guidelines has greatly increased.

Cybersecurity 60

Cybersecurity Credit Risk CECL 60

Abrigo

OCTOBER 22, 2019

Dark Web | 5 minute read Key Takeaways Cybercriminals are now targeting e-commerce merchants with malware attacks. Merchants of all sizes are being targeted. Financial institutions should be proactive with their fraud prevention on the dark web. . The New Frontier on the Dark Web. In recent years, cybercriminals implanted malicious skimming code directly on e-commerce shops and online content management and payment platforms as a way of stealing payment card data at scale.

Cybersecurity 60

Cybersecurity Transactions 60

Abrigo

OCTOBER 21, 2019

The following article was first published in ABA Banking Journal on October 17, 2019. Cybersecurity | 4 minute read Key Takeaways Third-party/vendor risk management is becoming increasingly challenging with more cloud-based providers. 6 key areas of due diligence to consider before signing a contract. On top of initial vendor due diligence, there are ongoing, systematic approaches to managing third-party relationships. .

Cybersecurity 60

Cybersecurity CECL Credit Risk 60

Fundera

OCTOBER 23, 2019

Best Shipping Services for Small Businesses. United States Postal Service: Best for small businesses looking to ship smaller items. UPS: Best for shipping larger packages. FedEx: Best for businesses that need quick shipments. DHL: Best for small businesses looking to ship internationally. Most small businesses will need to ship their products at some point.

Small Businesses 69

Small Businesses Brokerages Dashboards 69

Fundera

OCTOBER 22, 2019

How to Create an Organizational Chart for Your Small Business. Step 1: Decide how to organize your business organizational chart (i.e. hierarchical, functional, matrix, circle). Step 2: Collect employee information and categorize this data. Step 3: Complete your business organizational chart using your chosen template and employee data. Step 4: Consider the technical options for generating your business organizational chart.

Small Businesses 68

Small Businesses 68

Fundera

OCTOBER 20, 2019

How to Start a Daycare in 9 Steps. Step 1: Decide What Kind of Daycare Business to Start. Step 2: Write a Daycare Business Plan. Step 3: Obtain the Necessary Certification and Licenses. Step 4: Find a (Safe) Daycare Facility. Step 5: Get Insured. Step 6: Get a Business Checking Account and Credit Card. Step 7: Get Financing. Step 8: Hire Staff. Step 9: Write Your Daycare Contract and Policies.

Credit Scoring 65

Credit Scoring Deductions Small Businesses 65

Fundera

OCTOBER 25, 2019

7 Best Online Legal Services. LegalZoom: best for standard legal needs. RocketLawyer: best for legal forms. Incfile: best for business formation. LegalMatch: best for finding a local lawyer. UpCounsel: best for complex legal needs. Atrium: best for startups. Avvo: best for free online legal advice. When you need legal help for your business, there’s usually a lot at stake.

Law Firms 61

Law Firms Debt Collections Small Businesses 61

Fundera

OCTOBER 22, 2019

SKU Number Definition. A SKU—or stock keeping unit—is a unique numeric or alphanumeric code assigned to products in order to make it easier and more efficient for a business to manage inventory. Most SKU numbers range between eight to 12 characters, and are located on the price tag of a product. If you visit just about any retail business and look at the price tag on a product, you’re likely to find something called a stock keeping unit number, or SKU number for short.

Small Businesses 60

Small Businesses 60

Fundera

OCTOBER 22, 2019

Providing Excellent Customer Service: 13 Tips. Maintain an open line of communication. Don’t be a robot. Be honest. Provide your customers with helpful resources. Keep your digital updates brief. Offer gifts and incentives. Hire the right people. Train your employees. Respect your customers’ schedules. Get to know your customers. Connect with your customers on social media.

Small Businesses 59

Small Businesses Dashboards 59

Fundera

OCTOBER 21, 2019

It is easier than ever before to have items delivered to your home or office. With a click of a button, nearly anything you could ever need is available for direct order. As businesses adapt to shifts in technology, establishing an omnichannel approach has a heavy influence on profit levels. An omnichannel business model provides customers with a seamless shopping experience, whether shopping online, over the phone, or in a brick-and-mortar.

Small Businesses 55

Small Businesses 55

Fundera

OCTOBER 25, 2019

If you’re a small business owner, you know the importance of building a business that lasts. You don’t want to create a company that won’t be relevant in a few years—you want something that will be around for the long haul. The easiest way to do that is to ensure your business has the tools it needs to propel itself into the future. Making sure you have the tools to grow your business will ensure that you’re ready for change: whether change is occurring in trends, markets, customers, or even eco

Small Businesses 52

Small Businesses 52

Fundera

OCTOBER 24, 2019

What Is a Convertible Note? A convertible note is a type of short-term debt that converts into equity, typically during a subsequent round of financing. Most often, convertible notes are used by startups, whose investors issue a convertible note loan in exchange for equity in the company. I f you’re an early-stage startup looking to grow quickly, finding the right form of financing is essential.

Bankruptcy 45

Bankruptcy Small Businesses 45

Fundera

OCTOBER 23, 2019

How to Set up a Home Office: 9 Tips. Find the right place to set up your office. Invest in the right furniture and supplies. Decorate your office to suit your mood. Remove distractions, wherever they may be. Create a schedule that works for you. Take periodic breaks throughout your day. Get out of your pajamas. Separate your personal and business finances.

Deductions 45

Deductions Small Businesses 45

Fundera

OCTOBER 20, 2019

Medium-sized businesses experience many of the same challenges as their small business counterparts, only on a larger scale. One of the growing pains you might have in your medium-sized business is choosing the best accounting software for your company’s needs. Of the dozens of options available, how do you know you are choosing the best accounting software for your medium-sized business?

Credit and Collections 45

Credit and Collections Accounting Firms Dashboards Transactions 45

Fundera

OCTOBER 25, 2019

13 Low-Cost Business Ideas. Professional Organizer. Nannying or Babysitting. Home or Office Cleaning Services. Online or In-Person Tutoring. Freelance Creative and Editorial Services. Social Media Consulting. Consulting. Event or Wedding Planning. Reselling Secondhand Clothes and Accessories. Become an Odd Jobber. Life Coaching. Virtual Assistant. Pet Sitting and Dog Walking.

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40

Fundera

OCTOBER 23, 2019

LLC vs. Sole Proprietorship. An LLC is a registered business entity whose owners are shielded from personal liability for business debts, whereas a sole proprietorship offers no legal separation between the business and the owner. Both LLCs and sole proprietorships are taxed as pass-through entities, but LLCs can opt for corporate taxation. Choosing a business entity structure for your company is one of the most important—but potentially most confusing—decisions you’ll make as a small business

Bankruptcy 40

Bankruptcy Business Bankruptcy Default Credit and Collections 40

Fundera

OCTOBER 19, 2019

Starting a Business in Indiana: 8 Steps. Choose a Business Name. Choose Your Business Entity. Write Your Business Plan. Register Your Business in Indiana. Separate Your Personal and Business Assets. Secure Startup Funding. Obtain Your Licenses and Permits. Know Employer Responsibilities. Starting a business can be the scariest and most exhilarating venture in an entrepreneur’s life.

Small Businesses 40

Small Businesses Credit Scoring 40