Should You Raise Your Company’s Starting Wages?

October 14, 2020 by First Federal Bank

If it’s been a while since you have revisited the idea of increasing staff starting wages, it might be time to do so. Consider the benefits of increasing employee salaries, as well as a few circumstances that might warrant maintaining current levels:

Topics: Small Business

Dealing with Difficult Customers

October 12, 2020 by First Federal Bank

As much as we wish every customer was a pleasant and considerate patron, some people can be difficult. How you handle problematic customers can affect your business’ reputation, your staff’s satisfaction, and the likelihood you’ll be able to resolve conflicts with customers. Here are some simple strategies for handling a variety of difficult...

Topics: Small Business

How to Stand Out From Big Businesses

October 05, 2020 by First Federal Bank

Starting a business has never been easier, but competing with corporate megaliths is growing more difficult. However, owning a small company gives you numerous opportunities to stand out from larger competitors and start down the road to success. Here are a few of the best and most effective ways to set your business apart:

Topics: Small Business

Financial Resources for Farmers

September 23, 2020 by First Federal Bank

There is no question farmers are essential workers. Without their dedication to the land, hard work and ingenuity, Americans would have little or no access to the food they need to sustain their health. Operating a 24/7 enterprise, though, has its difficulties, and sometimes farmers need financial assistance when crops fail or the economy...

Topics: Business Banking, Small Business

How Do You Manage Employees Remotely?

September 21, 2020 by First Federal Bank

More employees than ever are working remotely because of the COVID-19 pandemic, and for some of them it might be a brand-new experience. As a leader at your company, it’s important to make sure your business is running well, and your staff is meeting all of their benchmarks.

Topics: Small Business

Impress Clients With These 5 Video Call Tips

September 18, 2020 by First Federal Bank

With more companies taking their business online due to the pandemic, it’s likely your business will need to hold video calls with clients. Much like other forms of communication, video calls have certain etiquette rules — and your ability to follow them can make or break your professional image in the eyes of your clients. Here are some tips to...

Topics: Small Business

Addressing COVID-19 in Your Business

September 04, 2020 by First Federal Bank

No matter where your business operates, COVID-19 has indubitably had an impact. It’s important to know and implement safety protocols in your store or office to protect customers and employees from this virus.

Topics: Small Business

Common Fraud Scenarios for Small Businesses to Avoid

August 31, 2020 by First Federal Bank

According to the 2020 Global Study on Occupational Fraud and Abuse, businesses lose about five percent of their annual revenue to fraud. And while large businesses can implement internal checks and balances for their accounting systems, small businesses often lack the resources to do so, making them even more vulnerable to certain types of fraud.

Topics: Small Business, Financial Education

Big Tax Mistakes Small Businesses Should Avoid

August 26, 2020 by First Federal Bank

Tax season is never a fun time of the year, but it’s important not to treat doing your taxes as yet another item to quickly cross off your to-do list, especially as the owner of a small business. There are a few common tax errors small business owners are prone to making, and avoiding them could save you a pretty penny.

Topics: Small Business, Financial Education

Grow Your Business with Credit Card Payments

August 19, 2020 by First Federal Bank

Credit cards are a central part of the modern shopping experience — and if your business can’t accept credit card payments, you’re probably missing out on some serious revenue. Luckily, you won’t have to jump through too many hoops to process credit card payments. Consider these three simple payment-processing methods that your company can...

Topics: Small Business, Financial Education

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