Entrepreneurship, it’s been said, is the great equalizer.
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Dream Big: Fortune Transportation
Fortune Transportation, Windom, Minnesota, found its success by specializing and serving the specific needs of a defined set of customers. In the business world, this niche strategy, can serve a business well but often hard to adhere to when planning for growth for the long-term.
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Are you prepared to handle workers’ compensation?
You can’t anticipate when accidents may happen, so it’s in your interest to ensure your business is protected by having a workers’ compensation insurance policy in place.
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The Incentives of Section 179
With the permanent extension of Section 179, consider buying new equipment. Talk with your accountant or financial advisor and take full advantage of Section 179 tax benefits. The money you can save will allow you to expand operations and invest in your employees.
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Dream Big: Gag Sheet Metal
Owning a business comes with great responsibility. Taking over a family business that’s been around for over 100 years adds yet another layer of complexity. Learn a few tips from Gag Sheet Metal located in New Ulm, Minnesota.
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Smart insurance moves for 4 situations
Smart insurance involves continually reviewing your lifestyle and financial obligations for your family and your business. Keep your coverage current to match and grow with the changes you make personally and professionally.
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What types of business loans are there?
The right type of financing can help you achieve your dreams and goals as a business owner. There are many different types of business loans specifically for businesses that are designed to fulfill certain needs. While a professional loan officer can help you pick the right financing option for your business’s requirements, start here…
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Dream Big: Busch Brothers Machining
Busch Brothers Machining in New Prague, MN, like so many other companies are challenged with finding the right combination of controlled growth in terms of customers, materials, and staffing. Busch Brothers also understands the importance of partnering with the right bank and financial partner like Bank Midwest.
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Cyber insurance 101: what Is cyber security insurance and why it’s essential for every business owner
Many small businesses are not prepared to handle a cyber incident. Here are answers to the most important cyber insurance questions.
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Manage your risk the way you manage your money
Insurance is a necessary but not always high priority item in your business plan. Obviously, you need protection from commonly experienced losses like theft, liability, and employee injury. But are you managing your risk strategically or treating it like something on your to-do list?
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6 types of fraud in business
Fraud is serious business. The best way to protect your business from fraud and corruption is to understand the risks and put preventative measures in place.
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4 types of helpful tools every small business needs to start up
You may be starting a business with your own drive, passion, and talents. But you’ll need some critical business tools to keep it going. Luckily, there are plenty of options to help you stay on track of anything business-related, from cash flow to communication. Here’s our breakdown of the essential tools you need to make your business run like a machine.
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Different types of business structures
Have you been wondering what the difference between certain business structures is and which one would be best for you? Read on.
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How to Tackle Big Decisions – and Win
You’ve given all you’ve got to build your career, and now your company is flourishing. But a bigger company needs even more attention, and you’ve got family obligations, a new home to build, and you’d really love a vacation that’s more exciting than just a long weekend. Sound familiar? The reward of acting responsibly…
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Outsource or hire, what’s best for you?
When considering your sourcing options, you may find yourself trying to balance your hiring and outsourcing choices. Each one has its benefits and disadvantages depending on your business needs and requirements. But the question remains: Which is the best option for you? Let’s take a look at whether you should hire new staff members or…
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Importance of profit and loss statements
A profit and loss statement is a necessary summary of business operations and it is important to understand it from creation to completion. The P&L along with other financial documents are useful when requesting financing.
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The value of cash management services
A company’s financial stability relies on effective and efficient cash management and the overall, long-term success of a business is heavily dependent on these kinds of financial services. Not every solution will be the same so talk to your business banker to learn what will work the best for your business’s long-term goals.
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How online check deposit brings the bank to you
Businesses are pursuing all sorts of digital transformation these days. Yet, despite the shift online, paper checks still represent a common payment form that businesses regularly engage with. However, that doesn’t mean these companies can’t use technology to make the check deposit process more efficient and painless. All types of businesses are taking advantage of…
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How business sweep accounts work
One way business owners can make their financial lives simpler is by opening a sweep account. These accounts can streamline many cash management workflows — and, best of all, they can put money to work by earning interest or giving your company some other advantage.
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Easy ways to create more sustainable business practices
Running a business is a fiscal balancing act. Sustainable business practices can reduce overhead while serving as an example in the community and attracting talent.
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