Fundera
DECEMBER 13, 2019
What Is Branding and Why Is It Important? Your business branding is one of the keys to the success of your marketing efforts, no matter what type or size business you run. Creating an implementing a clear business brand will help your business earn credibility, set customers’ expectations, make the purpose and values of the business clear to customers, help your business stand out from the competition, and more.
Abrigo
DECEMBER 10, 2019
Key Takeaways Elder financial abuse/exploitation (EFE) is under-reported although it remains on the rise. ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . The under-reported and growing crime. Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States.
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GoCardless
DECEMBER 12, 2019
Hear from our CRO, Erez Mathan, on his vision for the Risk team at GoCardless.
Fundera
DECEMBER 13, 2019
What Is a Cash Flow Statement? A cash flow statement, also known as the statement of cash flows, is a financial statement that shows the flow of cash into and out of your business during a specific period of time. This report shows how much cash a company receives and spends on operating, investing, and financing activities. The statement of cash flows is one of the core financial statements, along with the income statement and balance sheet, used to evaluate a business’s financial situati
Fundera
DECEMBER 13, 2019
How to Start a Food Truck in 9 Steps. Plan your costs and find a truck. Get approved by the Board of Health. Get the permits and licenses you need. Decide how you’re going to prepare your food. Hire employees and get mobile food vendor badges. Figure out where to park. Start marketing and promoting your food truck. Consider using a point of sale system.
Fundera
DECEMBER 13, 2019
Best Grocery Store POS Systems for 2020. Revel POS systems: A fully integrated, customizable POS system— but it comes at a significant cost. Clover POS systems: A happy medium between capability and reasonable, transparent pricing. Square POS systems: A great option if you’re willing to search for an external scale but want to access high-power inventory tracking.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
Fundera
DECEMBER 13, 2019
Merchant Services Definition. Merchant services is a broad term used to describe a range of financial services for businesses—most generally, the services a business uses to accept and process payments, otherwise known as merchant processing. On the whole, however, the term merchant services can encompass the behind-the-scenes process by which a business accepts payments, the companies businesses work with for this purpose, as well as the hardware or software involved with taking and processing
Fundera
DECEMBER 12, 2019
How to Calculate Cash Flow. The formula used to calculate cash flow is: Cash flow = Cash from operating activities +(-) cash from investing activities + cash from financing activities. It takes many things to start and run a successful small business: passion, determination, discipline, and the right people. But the best-laid plans will go nowhere without one key ingredient—cash.
Abrigo
DECEMBER 13, 2019
Key Takeaways To grow your FI, you must support the growth with proper funding. Relationship pricing leverages your customer base and cross-sells products for a larger share of the deposit wallet. Bundling accounts can make a loan more attractive for both the institution and the borrower. . Supporting loan growth. You can’t just plant a seed in the ground and expect to have a plant the next day.
Abrigo
DECEMBER 13, 2019
Key Takeaways Changing your perspective on asset/liability management can position your financial institution for better business results. A dynamic ALM approach provides an ongoing method for evaluating risk and return and for strategic decision-making. The basic, static approach adds little value beyond satisfying regulatory requirements. Outsourced advisory services can help financial institutions transition to a dynamic ALM approach.
Abrigo
DECEMBER 13, 2019
Key Takeaways. The FDIC released a manual on Formal and Informal Enforcement Actions. ABA study shows banks are reporting more cases of EFE. The Senior Safe Act provides a safe harbor for financial institutions reporting suspected EFE. . The FDIC released its manual on Formal and Informal Enforcement Actions. For the first time, the FDIC released its manual on Formal and Informal Enforcement Actions to provide greater transparency to those processes.
Fundera
DECEMBER 12, 2019
What Is a CPN (Credit Privacy Number)? Credit privacy numbers or credit profile numbers (often referred to as CPNs) are nine-digit numbers promoted online as an alternative to your Social Security number (SSN). In fact, they’re sometimes called secondary credit numbers, or SCNs. With rising concerns about identity theft, data breaches, and online privacy, you might be considering using a credit privacy number.
Fundera
DECEMBER 12, 2019
Your business is your baby! You’ve likely spent more hours than you care to admit obsessing over every aspect of it: the budget , your employees, your website , maybe even your customers. But have you given that same level of careful thought to your retail store design? Design matters more than you might think, and, although you might not be a professional interior designer or psychologist that specializes in analyzing consumer behavior, you should focus on creating the best possible experience
Fundera
DECEMBER 7, 2019
The holidays can be the most lucrative season for retailers both big and small. And other than offering sales incentives and launching a killer marketing plan , one of the best ways for brick-and-mortar businesses to leverage that extra traffic is by implementing some unique retail holiday window display ideas. According to the National Retail Federation, holiday sales are expected to increase by 3.8% to 4.2% from last year’s holiday season—that’s a projected $727.9 billion to $730.7 billion spe
Fundera
DECEMBER 13, 2019
Starting a small business can be an intimidating process: You’ve got to come up with a business strategy, solicit customers, and manage short- and long-term finances. Plus, sorting through the paperwork, forms, and registration steps to legally set up your business can be even more frustrating. This being said, if you’re still trying to determine which business entity type is best for you, you might be interested in the advantages of sole proprietorship.
Fundera
DECEMBER 12, 2019
Clover vs. Square: Key Differences. When it comes to Clover vs. Square, you’re looking at two very popular payment service providers with high-tech POS hardware and software. In our analysis, we found that Clover is superior for merchants who want a highly customizable, scalable solution and Square is better for merchants who want a low-cost POS solution with industry-specific software.
Fundera
DECEMBER 12, 2019
We know you’re fully capable of starting, managing, and growing your own small business—but that doesn’t mean you won’t need a little help from time to time. And knowing where to turn for informational and motivational content is just as important to a small business owner’s success as gathering a trusted team of mentors and guides. This year, consider downloading some of the best business audiobooks for that extra boost of inspiration. .
Fundera
DECEMBER 11, 2019
How to Franchise Your Business in 12 Steps. Get knowledgeable about your business. Consider your own readiness. Seek expert advice. Plan your growth. Create a franchise disclosure document. Write an operations manual. Register your trademarks. Establish a franchise business entity. Create a sales strategy. Find and vet franchisees. Agree to franchise terms.
Fundera
DECEMBER 13, 2019
If you’re a small business owner doing your own bookkeeping, you’ve probably stumbled across the terms “invoice” and “receipt.” You might have a general understanding of what each term means. You might even use the terms interchangeably. However, any small business accountant will tell you that invoices and receipts are separate and different from each other.
Fundera
DECEMBER 13, 2019
Franchise Agreement Definition. A franchise agreement is a legal document that regulates the relationship between a franchisee and franchisor. A well-written franchise agreement can help to ensure the success of a franchise. While each franchise agreement is unique, there are some specifics that should be included in each one. If you’re considering franchising your business to expand your brand’s reach and profit potential, then you’ll need a franchise agreement to legally enter into this busine
Fundera
DECEMBER 12, 2019
Planning a company retreat can be stressful. Figuring out the right date, location, and people to invite can sometimes get the best of you. While retreat planning may seem intimidating, there are many benefits for your company when the event is well executed. Not only can getting out of the office with your team give everyone time to relax and reflect, but it’s also been shown to increase employee motivation and provide time for you to get to know your team better.
Fundera
DECEMBER 12, 2019
Keeping cash flow in check is a challenge for every business owner and their business finances. In fact, challenges around how to manage cash flow represent the number one reason that small businesses fail—including businesses that are on track for long-term profitability. No matter how successful your business is on paper, if you don’t have the necessary cash on hand when rent or payroll is due or when you need to make your next inventory order, your business can’t survive.
Fundera
DECEMBER 12, 2019
QuickBooks is undoubtedly the leading name in business accounting software. Regardless of your business’s size, needs, and billing volume, QuickBooks will have an accounting software product for you—whether that’s QuickBooks Self-Employed , QuickBooks Online, QuickBooks Advanced… the list goes on. And the platform recently added a new service to their extensive docket: QuickBooks Live Bookkeeping.
Fundera
DECEMBER 11, 2019
If you’re a B2B company, sending invoices is a crucial part of operating your business. Invoices serve to alert your customers of payments they owe, as well as when it’s due, by what means, and more. . If you use a comprehensive accounting software , you can easily create invoices right from this platform. But for smaller operations, such as freelancers, who don’t use an accounting platform with invoicing capabilities and are looking for a budget-friendly solution, creating an invoice in Microso
Fundera
DECEMBER 10, 2019
How to Start a Business in SC in 6 Steps. Decide on a business structure. Choose a name for your business. Get an employer identification number (EIN) from the IRS. Register your business in South Carolina. Get business permits and licenses (as necessary). Set up a business bank account. Starting a business can be a uniquely rewarding—albeit challenging—endeavor.
Fundera
DECEMBER 10, 2019
8 eBay Tips for Selling Successfully. Pick the right subscription model. Take advantage of SEO. Provide high-quality photos. Review similar purchase histories. Time your listings and stay active. Read eBay’s Seasonal Playbook. Improve your customer service game. Decrease your return rate. So, you want to sell on eBay. You’re not alone. As of 2019, eBay had over 183 million active buyers worldwide.
Fundera
DECEMBER 9, 2019
How to Start a Craft Business in 7 Steps. Identify your niche. What makes your craft business stand out? Write a business plan. It’s time to get organized. Obtain licenses, permits, and insurance. Get your legal ducks in a row. Decide where to sell your crafts. The right location is everything. Apply for small business funding. It takes money to make money.
Fundera
DECEMBER 9, 2019
There’s a lot of jargon that gets thrown around in the small business world. If you’re just getting started, that can add a layer of confusion to starting your business and keeping it running smoothly by handling all your accounting tasks. Every business completes transactions of some form or another, so you’ll need to understand the difference between an invoice and bill.
Fundera
DECEMBER 8, 2019
How to Start a Handyman Business in 4 Steps. Draft a business plan. Register your business. Insure your business. Finance your business. For as long as homeowners experience creaky floorboards, leaky pipes, or light fixtures that need replacing, there will always be a market for a friendly neighborhood handyman. There are tons of tasks both big and small that most people encounter around the house.
GoCardless
DECEMBER 10, 2019
How GoCardless helps your business take payments more simply
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