Tag: manage your money
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Why Companies Should Not Self-Diagnose Their Financial Needs
Posted On: February 9, 2021 by Falcon National Bank in: Manage your Business | Business Banking
There’s an old cliché about diagnosing your own medical conditions. Once you get on Google and start looking up your symptoms, you can convince yourself into having an array of problems with countless “at-home” solutions. For the same reasons that Googling medical advice is a bad idea, not seeking financial advice from an expert isn’t the best idea for your finances. You May Not Be Aware of All Your Options The worst part about self-diagnosing your finances is...
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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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3 Good Ways to Establish Credit and 4 Ways to Improve It
Posted On: August 13, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
Did you know… The average FICO score in America is 695 and the average Vantage score stands at 673. [source] Less than 1% of the population has a perfect credit score of 850. [source] Only 41% of Americans understand that a credit score measures your risk of not paying a loan, according to a joint survey from the Consumer Federation of America and VantageScore. Credit is important for pretty much all facets of adult life. Credit can be impacted by a number of different things....
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How Digital Banking can Save your Small Business Oodles of Time
Posted On: July 30, 2019 by Falcon National Bank in: Bank on your Terms | Online and Digital Banking
There are plenty of aspects of running a small business that are begging for your time and attention. When that’s the case, it’s important to do things as efficiently as possible—things that will make your life easier and make those things that are vying for your time a little more manageable. Besides convenience, there are plenty of benefits to online and digital banking. Here’s how online banking and digital banking services with Falcon National Bank can give you back precious...
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