The state of public health and the economy over the past year and a half led large numbers of people to turn to charities for help. These same forces created both challenges and opportunities for business owners and high net worth families, many of whom have reevaluated what they want their legacy to be. Maximize…
Not all businesses were affected by the economic turmoil of 2020-2021 equally. Some businesses will require careful nurturing to recover. Others saw a drop in expenses, increase in business, or both, and may have more cash and liquidity.
Owning or running a business is a thrilling but stressful endeavor. Long hours, few peers, and knowing other people’s livelihoods depend on you can cause many sleepless nights. Add in the false expectation that a business leader should be an expert in all areas of business and the pressure can be overwhelming. Alerus can help…
The coronavirus pandemic has delivered many challenges and changes to businesses and investors. But with change comes opportunity. As commercial real estate (CRE) needs shift and evolve, now may be an ideal time to invest in CRE ownership. Here are a few tips to consider when seeking financing.
For business owners, staffing will always be among their top concerns. Will you be able to attract the talent you need? Can you keep the skilled employees you have? The short answer is yes – if you are strategic and follow through on things that matter.
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. Learn valuable tips for managing your cash flow during times of economic uncertainty and fluctuations.
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.