Singapore is renowned as a top nation for businesses of any size. The “World Bank Annual Ratings 2022” place Singapore second among 190 economies in the world for business ease. After a company is incorporated, the top consideration is where to open a startup business account. If you are a founder but are unsure in […]
Banking
Eliminating Costly Errors in the Banking Sector: How RPA Can Help
Banks play a critical role in society, offering a place to store savings, a way to transact business, and even investment opportunities. However, few people would say they love their bank. Instead, it is a virtual requirement for many things in modern life. From paying one’s bills to preparing financially for the future, most people […]
4 Marketing Solutions for the Online Banking Industry
Operating an online-only bank or an internet bank differs from conventional banking in a variety of ways. It is for a good reason too. For instance, the absence of brick-and-mortar branches and excessive staff leads to lower operational and service costs. With it, the direct interaction with your customers also translates to more accessible services. […]
7 Ways to Get a Bank Interested in Your Startup
Many entrepreneurs are convinced that banks are not worth the effort for startups, especially early-stage ones that still don’t have a revenue stream, or collateral to back up their financing needs. A question I get from time to time is “Can I ever expect any backing from my bank for a great opportunity?” The short […]
Why Set Up a Bank Account for Your New Business?
Starting a new business can be exciting—and also daunting. There’s so much to think about right off the bat. What’s your niche? Are you opening a location, or all online? How will you structure your business? Beyond those initial steps of starting a business, there is another one that doesn’t always come to mind right away: […]
What Effect Does Bankruptcy Have on Your Bank Account and Other Assets?
One of the most terrible things to happen to anyone is bankruptcy. If you find yourself in such a situation and are wondering what will happen to your bank accounts, and retirement accounts, on filing for bankruptcy, this article will throw some light on it. Type of bankruptcy and its effect on financial accounts Basically, […]
8 Keys to Convincing a Bank to Fund Your New Venture
A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups. The failure rate is just too high, and startups typically don’t have the assets or revenue stream to back […]
Have Uneven Cash Flow? 5 Ways to Smooth It Out
Small businesses, freelancers and “solopreneurs” alike know all too well that steady, predictable cash flow is a peace of mind that is not always guaranteed. Luckily, there are some things you can be doing to mitigate those dips and help make your financials get into a more reliable state, month after month. Update Billing Cycles […]
Bankers: Love ‘em or Hate ‘em, They May Affect Your Future
Let’s get right down to it. Your banking relationship can be like a great marriage or a bad trip to the DMV. In most cases it is strictly your choice. But the results of that choice will reverberate for what could be years. For a start… How did you open your first bank account? Did […]
Financing Your Franchise Investment Through Bank Loans: What You Need to Know
Franchise ownership is an ideal way to make the leap to being a business owner. The great thing about becoming part of a franchise system is that your leap comes with the support and guidance of an established business. But, if you’re considering this path, you must think about the financing option that is right […]
