Depending on the type of business you have, it might be important that the bank you choose to work with has experience in your industry. Running a seasonal business comes with wholly different financial needs from those operating year-round. Even if your industry doesn’t translate to specialize...
Some banks will also charge small businesses for online banking services, even though they do not charge individuals. Remember, as a potential customer, you have the right to ask for exactly what you need. If that's free online banking, make that clear to your community bank manager. Or, ...
Finding the best small business checking account that fits your needs may seem like a small step. However, given how often you’ll use it, it’s a critical step in establishing a smooth financial system within your business. Which bank you choose is important for more than just that, howev...
You can choose from several different types of small business lenders: traditional banks, credit unions, nonprofits or online lenders. Here’s a rundown of the different lenders and the features and loans to expect from each: Type of lenderLoans offeredDescription Bank or credit union Term loans...
Small business loans are a way to close cash flow gaps, pay for pricey equipment and grow the business. Here’s what to look for in one.
Be realistic: While it’s important to choose a business idea that’s in line with your passions, it’s also crucial that there’s market demand for your product or service. Ask yourself, is your business idea scalable? Who’s your target market? Do you have the necessary skills and ...
There are a few different costs associated with a POS system, including the hardware, the software, credit card processing fees, and more. These costs will vary depending on the type of hardware you choose, your sales volume, and your industry. ...
Step 3: Using your China Bank Account Step #1: Preparing to Open a Chinese Bank Account Preparation can be broken down into two simple categories: choosing your bank and gathering the appropriate documents. Which China Bank Should I Choose? As I mentioned earlier, the most important factor to...
How do you manually process payroll? If you’re a small business with only a few employees and choose to process payroll manually, you will need to keep precise records of hours worked, wages paid and worker classifications, among other details. You must also ensure your calculations are corre...
Should I Choose a Retail Bank, Credit Union, or Commercial Bank? You should consider whether you want to keep both business and personal accounts at the same bank, or whether you want them at separate banks. A retail bank, which has basic banking services for customers, is the most appropr...