Fundera
AUGUST 29, 2019
For some entrepreneurs, what’s even harder than coming up with a great business idea is figuring out how to come up with a business name. After all, your business’s name doubles as your customer’s first impression of your business, and first impressions matter. You want your business name to be memorable, but approachable; unique, but easy to pronounce; indicative of your product or service, but not too on the nose.
Abrigo
AUGUST 28, 2019
Slow lending decisions and frustrating loan application processes are among borrowers’ biggest gripes with traditional financial institutions vs competitors such as online or alternative lenders. Ask the staff of banks and credit unions about the loan application, underwriting, and onboarding processes at their respective institutions, and you’ll likely hear some complaints from them, too.
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GoCardless
AUGUST 30, 2019
Here's how to get your tenants to pay rent on time
Fundera
AUGUST 27, 2019
What Is a General Ledger? A general ledger is the master accounting document that contains all of the accounts a business has—meaning it records all of the transactions made over the life of a company. The general ledger includes transactions separated by type: assets, liabilities, equity, revenue, and expenses. A general ledger is used as a reference, storing all of a business’s financial information, and is also used to create a variety of financial statements.
Fundera
AUGUST 24, 2019
What Is Inventory Turnover Ratio? Inventory turnover ratio is the measure of how many times inventory is sold or used in a given time period—usually a year. Knowing your inventory turnover is helpful to project how long it takes to sell inventory and when you’re going to need more inventory. You can calculate this by dividing the days in the timeframe by the inventory turnover formula—the result is the number of days it takes to sell the inventory.
Fundera
AUGUST 27, 2019
6 Steps to Starting a Brewery. Step 1: Choose a name and business entity for your brewery. Step 2: Create a business plan. Step 3: Apply for any licenses or permits. Step 4: Register your business and get an employer identification number. Step 5: Open a business bank account and credit card. Step 6: Start looking at funding options. Nearly everyone has a hometown brewery these days thanks to the fact that small craft beers became popular over the last decade or so.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Abrigo
AUGUST 27, 2019
In an ideal world, all of the money that banks lend out to borrowers would be paid back at its maturity date. However, that’s not always the case, as there are three inherent risks all financial intermediaries face: credit risk, interest rate risk, and liquidity risk. To account for these inherent risks, as well as other risks, financial institutions must develop a sophisticated loan grading system to protect their institution and grow safely and soundly.
Abrigo
AUGUST 26, 2019
In response to the nation-wide opioid crisis that has led to unprecedented addiction and death, FinCEN has issued guidance to alert financial institutions to the financial schemes and typologies related to the trafficking of fentanyl and other synthetic opioids. According to the Centers for Disease Control and Prevention (CDC), 130 people die each day in the United States from an opioid-related overdose.
Abrigo
AUGUST 26, 2019
The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. While good service 20 years ago might have focused on having fully staffed branches, today it more likely involves a blend of digital technology and face-to-face contact with staff.
Fundera
AUGUST 29, 2019
Smart product sourcing is the main ingredient in a successful ecommerce business and there are many ways to populate virtual shelves. Some sellers resell products sourced from wholesale manufacturers, private label suppliers, or dropship vendors. Others contract with manufacturers for made-to-order products. Many combine several sourcing methods to build a unique and versatile product collection.
Fundera
AUGUST 26, 2019
Your church has an important mission. Doing your bookkeeping shouldn’t get in the way of it. Using the right church accounting software helps you get the bookkeeping for your church done quickly and accurately, so you and your administrative staff can get back to the things that matter most to your ministry. Choosing the right church accounting software isn’t always easy.
Fundera
AUGUST 26, 2019
In terms of entrepreneurship opportunities, the state of New Jersey often gets eclipsed by its more popular neighbor, New York. However, NJ is home to over 850,000 small businesses and has thriving life sciences, financial services, manufacturing, and transportation sectors. One of the first choices you’ll need to make when starting a business in NJ is to choose a business entity type. .
Fundera
AUGUST 24, 2019
Finally, women entrepreneurship is becoming the norm and not the exception: According to Guidant Financial’s survey of women entrepreneurship in 2019, four of every 10 American businesses are women-owned. Geri Stengel, an American Express Research advisor, also says that “ women-owned businesses are growing much faster than all businesses. From 2007 to 2018, women-owned businesses grew by 58% in terms of the number of firms and 46% in terms of revenue.”.
GoCardless
AUGUST 30, 2019
Find out about our work with Xero in New Zealand.
GoCardless
AUGUST 27, 2019
Before you undertake any business with a customer, whether they’re new or existing, you should clearly establish the terms and conditions of sale (T&Cs). They act as the agreed rules for everyone involved, to guide everyone to a mutually satisfying result.
GoCardless
AUGUST 27, 2019
We surveyed 4000 consumers, this is what they said.
Fundera
AUGUST 26, 2019
A major concern for any new or growing business is maintaining a stable stream of revenue. While signing contracts and securing more customers is a great way to do this, inevitably a client or customer will leave your service, which is referred to as churn. Though churn rates will vary by industry, the average for B2B companies is 24% and for B2C companies, 31%.
Fundera
AUGUST 29, 2019
In the merchant services industry, payment technology is constantly changing and evolving—and therefore, the companies that provide these services must adjust accordingly. Take Sage Payment Solutions, for example. Started in 1989, Sage Payment Solutions served U.S. merchants with their full-service payment system, working with 2,000 partners to market their platform.
Fundera
AUGUST 30, 2019
What Is Ecommerce Marketing? Ecommerce marketing is the act of increasing brand awareness to drive sales of products or services offered by a business that operates online, also known as an ecommerce business. There are several channels through which ecommerce marketing can operate, including email, SEO, social media, apps, and more. So, you’ve finally taken the leap and started an ecommerce business—congratulations!
Fundera
AUGUST 27, 2019
Many people think of Florida primarily as a state to vacation and enjoy leisure time in, but it’s also a top choice for entrepreneurs. Florida is home to 2.5 million small businesses, many of them in the tourism, agriculture, and science sectors. When starting a business in the Sunshine State, one of the first things you’ll need to decide on is a business entity type.
Fundera
AUGUST 30, 2019
Payroll Deductions Definition. Payroll deductions are the specific amounts that you withhold from an employee’s paycheck each pay period. There are two types of deductions: voluntary deductions, like health insurance and 401(k) deductions, and mandatory deductions (or those required by law), like federal income taxes and FICA taxes. Although you’ll withhold payroll deductions from each employee, the specific deductions and amounts will vary based on your employee’s withholding allowances, any st
Fundera
AUGUST 30, 2019
Whether you’re a traditional brick-and-mortar retailer or an ecommerce merchant, the way your business accepts payments is a crucial piece of your operations—after all, this dictates how and when you get paid for your goods or services. Therefore, the merchant services solution you choose to work with is of the utmost importance. With all of the options on the market, you’ll want to find the solution that best fulfills your business needs. .
Fundera
AUGUST 28, 2019
If your business accepts credit cards, whether in-person or online, you’ll need merchant services —the technology that actually allows you to take and process payments. When it comes to merchant services, however, there are a number of options, each with particular feature sets and unique pricing models. . This being said, regardless of the specific solution you choose, you’ll need some type of payment gateway.
Fundera
AUGUST 28, 2019
If you’re running a business selling goods or services, one of the many things you’ll need is a merchant services provider so you can process payments. Choosing the right merchant services provider for your business is a big decision and can make a real difference in how smoothly your operations run and how much processing payments will cost you. . There are many merchant services providers to choose from, including Talus Payments.
Fundera
AUGUST 27, 2019
Coming up with a business idea and launching your business can be a difficult—or, at the very least, time-consuming—process. Luckily, learning how to build an ecommerce website to sell your products or services online is easy. . Modern ecommerce platforms are economical and extremely user-friendly, allowing you to create a custom website for your ecommerce business with just a few clicks.
Fundera
AUGUST 25, 2019
ShipStation Review. ShipStation is an order fulfillment service for ecommerce merchants. The software integrates with a wide range of ecommerce platforms, marketplaces, and shopping carts and allows you to import orders and quickly print shipping and packing labels. Extra features include automation and branding tools, a mobile app, and a robust reporting suite.
Fundera
AUGUST 28, 2019
Running an ecommerce business involves so many moving parts it takes top-notch organization skills to keep up. You’ve figured out how to sell online , and if you sell tangible goods that need to be shipped, you’re no stranger to frequent trips to the post office or shipment center—and the price of shipping too. . There are some shipping services out there to help you manage all of your shipments, but choosing one can be difficult.
Fundera
AUGUST 26, 2019
EVO Payments Review. EVO Payments are a merchant acquirer that offers payment solutions in over 50 different markets around the world. Their range of products and services includes merchant accounts, payment gateways, POS tools, and developer tools. There is not a lot of information about EVO’s services available on its website, and there are many poor reviews of EVO online.
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