Category: Operating Your Business
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Must-Do Events During National Small Business Week 2024
National Small Business Week runs from April 28th until May 4th this year and there is no shortage of resources and events available to small business owners looking to increase their knowledge, boost their operations, or expand their network. There are more than a few ways small business owners can celebrate NSBW on their own,…
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How Businesses can Counter the Threat of Deepfakes
The Internet age united the world with a universal language of twitters and pings. The benefits of our new interconnected society are too plentiful to count, but there is also a decrepit underworld of cybercriminals and cybervandals who use that interconnectedness to spread misinformation. Cyber criminals thrive in anonymity and often take their greatest pride…
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How to Transfer Ownership in an Existing Business
While small business owners are well known for their attention to detail when crafting their initial business plans, almost no business is built with plans for transferring ownership. While the steps to building a strong business are often intuitive to an owner, transferring that ownership to new custodians isn’t nearly as cut-and-dry. No matter if…
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Tips on Starting, Funding a New Business
Small businesses are being created now more than ever, thanks to people being laid off or furloughed during the COVID-19 pandemic and the advent of online tools aimed at helping budding entrepreneurs. In April 2021, roughly 500,000 people in the U.S. applied for new business applications, compared to just 300,000 in the same month of…
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Small Business Acquisitions and How to Finance Them
KEY TAKEAWAYS When looking to acquire and merge another business, you should consider collaborating with M&A advisors or accounting firms to navigate the due diligence process, evaluate potential targets, and assess acquisition feasibility. Create robust business plans for the merged entity, including efficient management structures, aligned mission statements, debt absorption strategies, and income projections, to…
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Life-Saving Measures for Small Businesses on the Brink of Closure
No matter what part of the country you’re in, you have small business-owning neighbors struggling to keep the lights on. With erratic reopening plans, caseloads that still won’t decline, and the need for social distancing until there’s a widely-available vaccine, countless businesses have been hit hard. But what can be done? Are there any life-saving…
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Financing for Business Expansion
When the time is right, how do you find financing for business expansion? A look at options available to small business owners.
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3 Ways to Evaluate a Capital Investment
Small business owners often find themselves in a situation where they have to evaluate a capital investment project and decide whether or not how to expand their company, purchase new equipment or move to a new location. Availability of internal funds and the ability to borrow money are often limited. So, making the decision on…
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How to Stress Test Your Small Business
In the banking world, advisors often talk about stress-testing portfolios — determining the effect of different scenarios on an individual’s or business’s holdings. The same should be done for a small business. How prepared are you if the economy changes, and you need to dip into your reserves? How will you manage your cash flow?…
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Which Bank Is Best for Your Small Business?
As a small business owner, there’s a seemingly endless list of things to worry about, but banking shouldn’t be one of them. Your bank should offer the tools, resources, capabilities and service that are most essential to your business success. But, what’s the best bank for small business? Many business owners feel neglected by their…