Are You Ready? Steps to Starting a Small Business

Am I ready to buy a house? Am I ready to start a family? Am I ready to start a business? Just like with most big life decisions, there is no perfect time to act. But there are questions you can ask yourself to see if you’re in an ideal place to tackle a life-changing … Continue Reading

Corporate Credit Card: A Benefit for Your Business?

One of the first pieces of advice you’ll receive as a small business owner is to keep your personal and business finances separate. Clearly defined finances help with declaring your business, bookkeeping, and tax preparation. One of the easiest ways to keep business expenses separate from personal expenses is by opening a corporate credit card. … Continue Reading

How to Successfully Apply for a Small Business Loan

Like many businesses, your small business probably started with a dedicated team and an idea you were passionate about. Through hard work, your business has grown and now you’ve reached the point where you need additional funding to support this growth. A small business loan seems like the answer, but if you’ve never received a … Continue Reading

Ransomware Threat Level Rising: Businesses Vulnerable

Simple tools. Ominous results. Ransomware threat level rising. Ambitious cyber criminals launched devastating ransomware attacks in 2017, taking in billions of dollars and disrupting businesses around the world. As ransomware becomes a more lucrative tool for criminals, things could get much worse. Cyber attacks doubled in the first half of 2017 and damage costs are … Continue Reading

Small Business Outsourcing: How to Find Reliable Partners

  In our previous small business outsourcing blog and Part 1 of our two-part event “Building a Team of Experts”, we discussed the importance of finding external partners to handle the areas of your business where you are not an expert. We identified the 6 key roles most small businesses turn to for outsourcing: banking, … Continue Reading

Small Business Outsourcing: Building a Team of Experts

Running a small business involves a lot of tasks that aren’t associated with the core goal of growing your business. Although they are crucial, handling these responsibilities on your own can be time-consuming and take your focus away from why you started your business in the first place. Rather than spreading your time and talents … Continue Reading

5 Ways Small Business Benefits from a Credit Union

The small business benefits of local credit union are worthy of consideration. In a recent Raddon Research study, business owners were asked about the attributes they look for when choosing a primary financial institutions (PFI). At the top of the list were level of service, convenient locations and hours, and online banking technology. They also … Continue Reading

Separate Your Personal and Business Expenses – With One Exception

As a business owner, a piece of advice you’ll hear again and again from financial experts is to separate your personal and business expenses and finances. Dedicated business checking accounts and credit cards make record keeping easier and can be a life-saver when filing your taxes. Dedicated business accounts also go a long way in … Continue Reading

Should I Purchase Commercial Real Estate For My Growing Business?

As a small business owner, whether you build websites, design jewelry, do bookkeeping, or jar your own tomato sauce, you will eventually face an important decision about the future of your business. Are ready to move your business from an at-home operation to a specialized office, manufacturing, or retail space? And are you better off … Continue Reading

Promoting Your Business

If you’re the owner of a small- to medium-sized business, you may find yourself searching for the best methods of promoting your business. Diamond’s Business Services Manager, Phil Fry, offered his advice on four of the most commonly asked questions regarding business promotion. How Important is Brand Identity? Brand identity is one of the most … Continue Reading

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The views, opinions, and ideas articulated in this blog are just that, and should not be construed as financial or legal advice. The writers of these blogs are educated on the topics they are writing about, but they are in no way licensed financial advisors or registered investment advisors. Diamond Credit Union is not responsible for any actions a person may take as a result of the information they read in one of our blogs.