First Federal Bank Blog

When you run a small business, every dollar counts. Even with a great vision and budget sheet, you may be losing money on a regular basis by paying too much for things you need or paying for things you don’t actually need at all. Focusing on a few key areas can help your business’ balance sheet reach the black, letting you invest more revenue in...

Tax time is stressful for every small business owner, especially if you make certain common accounting mistakes. These simple errors can lead to missed deductions, additional fines, and plenty of unnecessary stress, all of which cost you the time and energy you could be using to grow your company. From simple disorganization to overburdening...

Many small business owners, lacking the budget for a dedicated sales team, take on the responsibility of making sales themselves. However, this can be a difficult task without specialized sales training. One of the most important skills among salespeople is the ability to handle objections — something stopping a potential client from going forward...

Every year you tell yourself you will not wait until the last minute to file your business’s tax return. Every year, though, you still find yourself scrambling to complete it. If you are ready to break the procrastinating cycle when it comes to filing your business’s tax return, implement these tips into your business plan:

As the owner of a small business, you want to reach as many potential customers as possible. Despite the rise of email and social media marketing, regular direct mail can still play a key role in helping you achieve this goal. However, before you start planning a direct mail marketing campaign, it’s important to understand the pros and cons of...

To increase the success of your business, you need to make more money — and sometimes you need to borrow money to increase cash flow and unlock better opportunities for revenue growth. However, taking out a small business loan may seem like a bigger risk than it’s worth.

Whether you’re starting up, expanding, or need a quick injection of cash, a small-business loan can be a lifesaver and a dream-maker. Given the gravity of what a loan can do for your business, it should come as no surprise the process of securing one takes a careful, intelligent approach. If you know what lenders are looking for and how to...

As an entrepreneur, you want the best for your company — but you only have so much time and attention to give. If you need advice on areas outside of your expertise, you may need to seek out consultation. However, it’s important to weigh the benefits of hiring a new internal consultant versus an external consultant. Here’s a look at a few factors...

In lean times, finding ways to minimize and cut costs is crucial for the survival of your business. While some situations can lead to hard choices, taking a smart approach to cost-cutting can help sustain you through a tough period, and set you up for increased financial success down the road.

When you’re looking for popular marketing trends in 2021, you’re going to find a lot of technology-based options. That doesn’t mean traditional tools like billboards, flyers, and referrals are completely out of the question.