FedNow is a depository system that has been created by the Federal Reserve. The service has been created to help with the convenience and speed of sending and receiving payments. The “Now” in the name is exactly what the program is used to help with – instant action! FedNow can be used by any bank or credit union. There … Read More
Everybody has their own important documents or valuables that they want to keep safe. We like to think that the comfort of our homes is enough for those valuables, but it is best to take an extra step and buy a safe deposit box. Safe deposit boxes are extremely useful when it comes to those important papers that you do … Read More
Having a good credit score is extremely important, and building a good score can be difficult. A credit score is influential on many financial decisions throughout life. It can dictate various things like a car loan, home mortgages, credit card approval, renting an apartment, and sometimes specific jobs. If you know what your credit score is will let you know … Read More
Understanding credit scores is helpful when it comes to important financial purchases throughout life. Your credit score is an estimator for banks, credit card companies and other businesses. Credit scores determine how likely you are to pay back money that was borrowed. The higher the score is, the more likely lenders are going to let you borrow money. Having a … Read More
The majority of successful businesses use social media to gain and maintain customers or clients. This use has been steadily increasing since 2013, and will continue to rise as innovative social media platforms are conceived. There are benefits to using social media as a marketing tool, but it is not as easy as it seems. Benefits of Social Networking Specifically, … Read More
Marketing has drastically changed over the last 20 years with the introduction of social media. Even if you were trained in marketing strategies years ago, chances are you are not familiar with the current platforms your customers are using. Short-term marketing strategies are important for immediate boosts in business, but they do not guarantee long-term growth or success on their … Read More
The goal of every business is to increase the net earnings, profit, or bottom line. Successful businesses are always looking for ways to improve their business without having to sacrifice the quality of their product, service, etc. There are practical strategies to increasing your bottom line to be sure consumers choose your product and you reap the maximum benefit. Pricing … Read More
Bonuses can be used to reward employees for achieving a certain goal or completing a specific project. They can also be given to employees who have outperformed in their position over a certain period of time. A bonus is a great reminder to an employee that you value their efforts and may even make them more loyal to your company. … Read More
The success of an organization ultimately depends on the customers. The employees, culture, and leadership might contribute to this, but ultimately you cannot sustain a business without customers. Ideal customers may vary, but the strategies to attract them apply to most organizations. You will need to identify your ideal customer, and then use various marketing strategies to attract those customers. … Read More
Year-end bonuses are a pretty standard way some companies and businesses reward their employees for another year of hard work. In 2020, when a lot of businesses faced hard times, are year-end bonuses still feasible? Keep reading to learn more about navigating year-end bonuses. Provide Bonuses – If you can Your employees worked very hard for you, and 2020 brought … Read More
When you first start a business, one of the most important choices you will have to make is about where your business is located. Can your business function out of your home office, a storefront, or a formal office? Each business is different and requires different spaces to interact with their customers, while also providing a space for employees. Another … Read More
Unfortunately, health-care costs in the United States only seem to be increasing as time goes on. In 2020, according to CNBC.com, “Large employers predict the total cost of covering health insurance for workers and their families will hit an average of $15,375 in 2020, an increase of 5%, according to a survey by the National Business Group on Health.” With … Read More
