Tag: manage your business
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How Same-Day ACH Transfers Can Benefit Small Businesses
Posted On: December 29, 2020 by Falcon National Bank in: Manage your Business | Business Banking
ACH (or Automated Clearing House) transfers are a secure way to electronically transfer money between accounts in different banks. Last year, more than 24 billion ACH transactions were processed in the United States. In fact, you likely made an ACH transfer without even realizing it. For example, if you pay bills online or your paychecks are directly deposited into your bank account, those are examples of an ACH transfer. For business owners, ACH transfers aren’t just beneficial, they...
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Beyond Online Banking - Falcon's Digital Services for Businesses
Posted On: December 16, 2020 by Falcon National Bank in: Manage your Business | Business Banking
We take pride in the services that we offer our customers, especially our small business customers. Did you know that we can help businesses complete many of their basic and important functions online? Our online services are much more extensive than just checking on account balances and transferring funds! Hi-Tech Banking, Hi-Touch Service Our online banking suite offers solutions to help your business access finances, manage your accounts, and conduct your business from anywhere at any time!...
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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 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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Small Business Budgeting in 2020: 3 Steps to Increase your Business' Bottom Line
Posted On: December 17, 2019 by Falcon National Bank in: Manage your Business | Business Banking
When it comes to operating a small business, understanding your bottom line is essential in spurring growth and success in your business. Determining what steps to take financially in the new year is a huge undertaking for a business owner. Monitoring every dollar and cent and ensuring that you meet your new business goals can cause some stress. To relieve some of your anxiety, we’ve formulated an easy how-to guide for all our savvy business owners. Calculate income versus expenses At...
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