Times of crisis can bring out the best in people. Communities step up to take care of one another’s needs, resources are pooled, and good things get done. Unfortunately, times of crisis can also bring out the worst in some people. Criminals and unscrupulous people use situations like the current Coronavirus crisis to take advantage of their victims.
Identifying Your Advantage
A competitive advantage is something you are better at than anyone else. The smarter you can be about developing and promoting your competitive advantage, the better positioned your business will be to succeed. Think about a few ways you could differentiate yourself:
Whether you’re running a retail or a service-based business, your customers expect to be able to use a range of payment options. So when you’re setting up your bank accounts, take some time to become familiar with all the payment solutions your bank has to offer.
The only way to truly find out if your business idea will work is to actually start your business, but there are a number of things you can do to research your start-up idea before you take the leap.
Although the housing market in our country has a relatively steady rhythm throughout the year, Spring is typically the time referred to as Home Buying Season. Winter months, the holidays and inclement winter weather make homeowners reticent to open their homes to prospective buyers. Better weather signals opportunities for home improvements, home inspections and home repairs. School age children are wrapping up the school year leaving the summer months an ideal time to move in and out of housing.
Social Media platforms have revolutionized the ways in which people, organizations and businesses are connected. Keeping a personal or business social media presence is the equivalent of having an electronic front porch and inviting others to visit. In general, we look forward to friends and customers stopping by and sharing interactions with us. There is a sense of connectedness even when we are miles apart.
Whether you are an early bird or a last-minute filer, there is no denying we are firmly into Tax Season. As we reconcile another year of earnings and income, the Federal Trade Commission and the Internal Revenue Service would like to draw attention to an ever-present concern – Tax Identity Theft.
Digital banking has moved beyond providing basic online and mobile access to your accounts. Digital banking now encompasses the idea of delivering even more banking services over the internet to enhance your traditional banking experience. Imagine, being able to utilize your Digital Sales Office like your favorite local sales office, all without leaving your house.
On May 11, 2018, a new rule went into effect that requires financial institutions to gather additional information from legal entity (business) customers. The Certification Regarding Beneficial Owners of Legal Entity Customers requirement, or "Beneficial Ownership" for short, was created to help government and law enforcement fight money laundering and terrorism by identifying exactly who benefits from a company's revenue and who actually controls the goings-on within the business.