For many American businesses, recent economic upheaval has forced them to reevaluate their business models, their assets, and what success looks like. Some industries needed to find ways to stay afloat, while others were slammed with unplanned-for demand.
Owners and co-owners of a business get to enjoy the unique satisfaction of being their own boss and creating opportunities for others. They also have the satisfaction of having some measure of input into who will carry on their legacy.
Capital is a catalyst. It is a necessary ingredient for a business to launch, grow, make an acquisition, transfer ownership, or weather challenging times. Lenders play a crucial role in helping businesses achieve their goals – and there are lots of things businesses can do to make the process smoother and more effective.
Whether as a business or an individual, your relationship with your banker and financial advisor is important. It requires a high level of trust that goes far beyond simply securing your money, conducting a transaction, or paying interest. As the banking industry has changed, customers have options that run from new online-only banks to huge…
With more and more of us working from home, the trend towards mobile and remote banking for businesses is picking up steam. Lots of us are comfortable using this technology for our personal finances, but it’s worth considering how business banking is different and what you and your bank can do to protect your business…
When rapidly changing economic or consumer trends hit a business’s bottom line, they might need to reimagine their business plan as well as their space. Businesses may find themselves wrestling with questions like: What is the role of the physical space my business occupies – to make things, sell things, provide a place for individual…
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The content available on this site is provided for informational purposes only, is not intended as an offer or solicitation for the purchase or sale of any financial instruments and should not be relied upon as an investment recommendation. Alerus Financial, N.A. (Alerus) makes no representations or warranties as to the accuracy, completeness or timeliness of the information. Statements of fact are considered reliable but no representation or warranty is made as to their completeness or accuracy. The information should not be construed as legal or tax advice. Alerus does not provide legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.