Business Solutions

Building savings and increase emergency funds

Four Cash Flow Mistakes That Can Make or Break Your Small Business

July 8, 2019

Small business owners are committed, driven and focused but are often time-constrained with an overload of day-to-day operations, allowing little time for managing cash flow.  However, not managing your company’s funds might lead to your company’s demise. Even if your company is an overnight success, it’s good to keep in mind that approximately 80% of …

Man is using a calculator to analyze the cost of a credit card.

Starting a business? Calculate Your Startup Costs.

July 8, 2019

The Small Business Administration (SBA) reports that 30% of new businesses fail during the first two years of being open and 50% during the first five years. If you don’t want to be included in this group, place a critical focus on calculating and planning for start-up expenses and projections for your initial two years. …

First Bank of the Palm Beaches - Employees supporting breast cancer awareness

Local Banks: Invested in Their Community, Literally

April 16, 2019

When opening an account or applying for a loan, many people simply choose a bank with a familiar name that is convenient.   While the prospect of numerous branch locations and ATMs may sound appealing, people often fail to realize what they are sacrificing when working with a large bank. A number of factors can make …