Tag: cash flow
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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 to Review and Improve your Company's Financial Health
Posted On: October 9, 2020 by Falcon National Bank in: Manage your Business | Business Banking
Measuring and maintaining your company’s financial health is always important, but perhaps it has been even more important this year. Financial health is the way a company measures its financial aspects. For many businesses, accurately understanding and measuring their financial health isn’t easy. Large functions of our economy still depend on small businesses to stay financially healthy, and since the COVID-19 outbreak, it has been difficult. Perhaps the most important thing a business...
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Understanding the Difference Between Cash Flow and Profitability
Posted On: September 15, 2020 by Falcon National Bank in: Manage your Business | Business Banking
New entrepreneurs are often confused by the jargon that comes along with opening and operating a small business. Two of these terms are cash flow and profitability. On the outside, it seems like these two terms are interchangeable, but they refer to two very different aspects of running a company. So what is the difference between cash flow and profitability? Let’s Break it Down: What is Cash Flow? Put simply, cash flow is the money that a company regularly pays and receives. It is made...
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Less is more this year: Work on decreasing your debt for a brighter financial future
Posted On: January 22, 2020 by Falcon National Bank in: Your Financial Life | Personal Banking
It’s 2020, so this should be the year that provides clarity for you to look at your personal finances with an eagle eye. Be honest with yourself, did the holidays cause you to go into debt? Because it’s a new start to the year, we want you to start the year strong and achieve financial stability before next December. Untangle yourself from all the debt you’ve accumulated over the years with these simple tips: Cut up your credit cards immediately The fourth biggest cause of...
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Why your Business (big or small) should have its own Business Line of Credit
Posted On: January 7, 2020 by Falcon National Bank in: Manage your Business | Business Banking
Starting your own business is a huge personal feat. It’s not until months or maybe years later when you realize how wrapped up your business and personal finances have become. Not only is it important to have separate business and personal bank accounts, but it’s also important to have a line of credit devoted specifically to business expenses. Most individuals assume they should open a business credit card, when in reality, a business line of credit is a better option for them. Establishing...
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