Arm yourself with knowledge. What is CATO? Corporate Account Takeover (CATO) is a type of corporate identity theft whereby a criminal steals a business’s valid online banking credentials. Keeping Passwords Safe Isn’t Enough Criminals use various ways to obtain access to the legitimate banking credentials of businesses. For example, your business’s systems may be compromised … Continue reading Protect Your Business Finances
All businesses want to grow. The big question is how much. Even modest growth is required for a small business to stay viable, but sometimes small businesses are ready to make the leap to large business. If you’ve decided the time is right to significantly grow your company, there are few things you should know. … Continue reading The Five Ps of Surviving the Leap from Small to Large
After developing your business plan, a mission statement is often viewed as next most important step in launching and sustaining a new business. Without an overall goal or philosophy, it’s easy to lose focus and forget why you established your business in the first place. While serving as a reminder to you, a mission statement … Continue reading Writing a Mission Statement that Inspires
Cash can be an invaluable safety net for a small business. Having enough cash on hand during lean times or for an unexpected emergency is crucial to your business’ survival — and future growth. But too much cash can mean money not being put toward its best use. It’s a general rule of business to … Continue reading How Much is Too Much Cash?
Checking accounts are the most widely used financial product in the country. According to the FDIC’s most recent Survey of Unbanked and Underbanked Households in 2015, 75.8 percent of households had a checking account. Most banks offer different levels of checking accounts, from simple ones to those that earn interest and have unlimited transactions. Checking … Continue reading How to Choose The Best Checking Account
With April 15 fast approaching, small business owners should be getting their tax documents, credits and deductions ready to go. Being diligent about record keeping is probably the best way to come out ahead on tax day. According to the IRS, good records will help you monitor the progress of your business, prepare your financial … Continue reading Tax Tips for Small Businesses
Financial Mistakes Small Businesses Make Here are six of the most common financial mistakes small business owners make and how to avoid them. Starting your own business is an exciting time filled with possibility. There are a ton of decisions to be made, from location to hiring and marketing. While many small businesses see success … Continue reading Common Financial Mistakes Small Businesses Make
A new year brings new opportunities and also new challenges. Being open to change is vital to success in business. Opening your mind to new ideas, processes and customers can take your business in directions you never thought possible. According to a 2016 survey by global consulting firm Deloitte, executives “recognize both that the future … Continue reading Grow Your Business
Learn how outsourcing some operations can grow your bottom line. As a small business owner, you often have to wear many hats — if not all of them. Reputation is everything in business, and the best owners know they must be hands-on if they want to have happy customers. But, as a business owner, if … Continue reading Build Your Business from the Outside
Studies have shown that the happiest companies are also the fastest growing. The formula is simple: Happy workers boost your bottom line and make for happy customers. Investing in employees — and working hard to retain them — pays off in the long run. Not only will you be creating a positive work environment, but … Continue reading 5 Tips To Happy, Healthy Employees
