What Are the Most Common Franchised Industries?

January 27, 2023 by First Federal Bank

Starting your own business from scratch can be daunting if you lack experience or know-how. If you’ve been thinking about striking out on your own, a great way to get your feet wet is by becoming a franchise owner. Franchise businesses are an excellent gateway for entrepreneurs on the grow, especially if you start in a proven industry.

Topics: Small Business

What Is an Open-End Loan?

December 23, 2022 by First Federal Bank

In most cases, when you apply for a loan, there’s a set end date. This allows the lender to determine things like interest rate and monthly payment and helps you determine your pay-off amount. But there is such a thing as an open-end loan, which gives you more flexibility if you might need to continue borrowing in the future. If you can obtain one...

Topics: Personal Banking, Small Business, Financial Education

How to Set Achievable Marketing Goals and Gauge Their Success

December 16, 2022 by Courtney Blackburn

Topics: Small Business

Why You Should Have Healthy Vending Machines in Your Office

December 09, 2022 by First Federal Bank
When you maintain a physical office space, one of your priorities should be taking care of your employees. A great way to do this on multiple fronts is to install vending machines stocked with healthier food options. Healthy vending options aren’t just great ways to help your people — they’re easy to maintain and can lead to extra revenue.

It’s...

Topics: Small Business

5 Types of Small Business Insurance

November 25, 2022 by First Federal Bank

Running a business exposes you to risk, even if you have no employees. Business insurance can help protect you from many of the threats business owners commonly face. Here are some of the main types of business insurance you may come across in your research and while shopping for the perfect policy:

Topics: Small Business

Preparing for Success on Small Business Saturday

November 04, 2022 by First Federal Bank

Small Business Saturday can be a boon for the well-prepared entrepreneur, or a bust or stressful rush for business owners caught off guard. Here are some of our top tips to help you make the most out of Small Business Saturday on November 26:

Topics: Small Business

When To Use Your Business Credit Card

October 14, 2022 by David Whitaker

You’re holding the bill as you reach for the business credit card in your wallet. Do you charge the expense to your company’s line of credit or use your personal card? This can be a tricky judgment to make — especially if you’re an entrepreneur or business owner. To help you decide, here is some advice on when you should and shouldn’t use your...

Topics: Small Business, Financial Education

Best and Worst Social Media Platforms for Marketing

September 30, 2022 by Courtney Blackburn

Social media is a powerhouse in today’s society. With the right platform, you can easily connect with customers all across the globe, giving you nearly unlimited potential for growth and success. Knowing the right platforms to use — and how to utilize them — allows you to maximize that potential and start seeing results.

Topics: Small Business

What Is an EIN and Does Your Business Need One?

September 23, 2022 by First Federal Bank

There’s a lot you need to think about as you’re starting up your own business, or restructuring it, and that includes your new tax arrangement. The IRS doesn’t look at you the same way now that you’re launching a company, so it’s important you establish the proper tax status with the U.S. government.

Topics: Small Business

Determining a Fair Salary Range for Employees

September 16, 2022 by First Federal Bank

It’s no secret your small business relies heavily on the hard work, dedication, and expertise of your workers. To attract, motivate, and retain employees who make your company’s success possible, you’ll need to pay them well. Establishing fair salary ranges will help you accomplish this, and here are some tips to guide you through the process:

Topics: Small Business

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