Tag: business
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Navigating Banking Issues as a Small Business
Posted On: January 13, 2021 by Falcon National Bank in: Manage your Business | Business Banking
Small business owners often report that cash flow and reoccurring business costs are their top two financial challenges. Guidant Financial reports that in a 2019 Small Business Trends report, 33 percent of small business owners cited a lack of cash flow as their greatest business challenge. When it comes to banking, there are plenty of obstacles for small businesses. As a rule, most banking issues are harder to overcome for small businesses than larger ones. Here are some of the most common issues...
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How can Businesses Keep a Healthy Culture in Unhealthy Times?
Posted On: November 4, 2020 by Falcon National Bank in: Manage your Business | Business Banking
An organization’s culture can be defined as a collection of expectations and norms that determine how a group behaves. A healthy, well-adjusted culture can be difficult to foster even without a global pandemic going on. When you add in the current realities of the workplace (and the world) today, it makes a healthy culture even more important. If you boil it down, businesses are just trying to maintain productivity and profitability. To do this, you need to retain both great customers and great...
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How to Protect Your Business from Fraud
Posted On: May 24, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Every business is susceptible to fraud, but small businesses are the most vulnerable. According to the Association of Certified Fraud Examiners (ACFE), private companies and small businesses rank highest in occupational fraud which can total a median loss of $164,000. Cybercriminals continue to develop sophisticated means to commit fraud. Spoof emails, malicious software spread through attachments and social media, fund transferring, and information breaches are just a few ways to gain access to...
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How to Start and Keep Business Finances Straight
Posted On: March 20, 2019 by Falcon National Bank in: Manage your Business | Business Banking
Some business owners knew they wanted to pursue an entrepreneur career path from the get-go. They attended business school, have advanced degrees, and are very familiar with how business finance works. Other business owners are naturally savvy when it comes to finance. They have a great idea, product, or company, but are well-versed in the business world. Unfortunately, self-employment isn’t for the faint of heart and the learning curve isn’t very large. However, there are a few things...
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