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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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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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You might be starting out on a new business venture or it might just be time to adjust your banking expectations. Either way, if you haven’t done some research, choosing the right bank account for your business can be, well, risky business. It’s important to make sure your bank and your business account are optimized for your specific needs. Here are some things to keep in mind: Find a bank that offers the services that are important to you and your business. Perhaps low minimum balances...

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"The people who are crazy enough to think they can change the world are the ones who do." - Steve Jobs 70% of small businesses are owned and operated by a single person.1 Two-thirds of all present-day college students intend to become entrepreneurs at some point in their careers.2 It takes just 6 days to start a business in the U.S., compared to a whopping 38 days in China.3 There are 28 million small businesses in the U.S., which outnumber corporations 1162 to 1. 4 Small businesses...

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