When you’re an entrepreneur, you’re in charge of all business details — including finances. By taking the time now to think about the future, you can intentionally set your business up for financial security beyond the day-to-day flow of income and expenses. You don’t need an employer to prepare for retirement, get insurance or create
Many of us have been in survival mode for the last six months while we figure out how to manage everything associated with the pandemic. Here are four things you can do to shift your business from a reactive, safety mode to a proactive mode where you can start moving ahead again. Recognize survival mode Survival mode isn’t something a business can sustain for the long term. Survival mode is
Beyond using a bank or credit union as a place to save and withdraw money, it’s not always clear what you should expect from a financial institution or how to get the most out of your banking relationship. Your nonprofit should hold the bar high when choosing a financial institution. A business banker can be one of your greatest
Having reliable access to working capital is critical to any business’s health, and a lack of access is often to blame when issues arise at an otherwise healthy company. Working capital can come in several forms, and those forms typically follow a company’s stage of life. For a young startup, the most common source of working capital may be the owner’s personal
The business banking team at Elevations serves businesses across Colorado’s Front Range. Our team provides a consultative approach to help you realize long-term success for your business. Get to know Nadine, who was the very first Business Banking Relationship Manager at Elevations. How long have you been with Elevations, and which locations do you serve?
You have many choices when it comes to your small business banking and lending needs. Beyond ensuring that your financial institution has the products and services your business requires on a day-to-day basis, your choice can also have an impact on the long-term success of your business. Not all financial institutions take the same approach
If you are self-employed or own a small business and haven’t established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future.
Elevations Business Online Banking provides members with quick and easy access to manage their accounts. Here are six frequently asked questions from our business members to help you make the most of this tool. 1. How do I transfer funds from my business account to my personal account? If your business structure is a sole
In the first installment of this blog series, we learned about the critical role the balance sheet plays in managing a high-performing company. Then we looked at what good inventory management looks like. This month we’re sitting down with Mike Thomas, CEO of Alpha Widgets, to see if there is anything we can teach him
In the first installment of this blog series, we learned about the tremendous impact the balance sheet can have on the health of a company. We talked about how the income statement and balance sheet play two very distinct, equally important roles, and how understanding both of them is critical to operating a well-managed company.