Why Credit Scores are on the Rise


Why Credit Scores are on the Rise

Effective July 1, 2017, three of the major credit-reporting companies began following improved standards that will cause some credit scores to rise. As part of the National Consumer Assistance Plan (NCAP), TransUnion, Experian and Equifax are no longer including information about tax liens and civil judgments on a consumer’s record if the data doesn’t include … Continue reading Why Credit Scores are on the Rise

5 Tips for Setting Goals


5 Tips to Setting Goals

It’s no secret that those who are successful in business set goals. It’s easy to get lost in the day-to-day shuffle of business operations, but goals can help you stay on track, measure progress and get to the next level. Maybe you want to increase profits, improve customer service or launch a new product. Defining … Continue reading 5 Tips for Setting Goals

The Five Ps of Surviving the Leap from Small to Large


The Five Ps of Surviving the Leap from Small to Large

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

Writing a Mission Statement that Inspires


Write a mission statement that inspires

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

How Much is Too Much Cash?


How much is too much?

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?

Grow Your Business


Grow Your Business

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

Build Your Business from the Outside


Build Your Business from the Outside

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

Handing Over the Reins: How to Develop a Succession Plan for Your Business


Succession planning is defined as a process for identifying and developing new leaders in a company should current leaders leave, retire or die. While planning for such a big change can seem daunting, succession planning can also be “a great opportunity to maximize opportunities and create a multi-generational institution that embodies the family’s values and … Continue reading Handing Over the Reins: How to Develop a Succession Plan for Your Business

Strategic Planning Basics


The key to understanding a Strategic Plan is that one size does not fit all. You can’t buy it off the shelf, and there is not a template that meets all companies. Here are some fundamentals to consider when starting your strategic plan: What do you want to accomplish? What is the time frame to … Continue reading Strategic Planning Basics

Financial Pros & Cons of Saying ‘I Do’


The Financial Pros & Cons of Saying, ‘I Do’ Some people think it’s un-romantic to discuss money matters before tying the knot. But it doesn’t have to be.  And if you can’t seem to agree on how you will handle finances, consider pre-financial counseling with a professional specifically trained in this area. Your local banker … Continue reading Financial Pros & Cons of Saying ‘I Do’