It wasn’t so long ago that the biggest issue facing smaller businesses was whether or not to accept credit card payments. For many small businesses, barriers such as cost, technology and financial instability made it difficult to make the leap to credit transactions using merchant services. Today, the issue isn’t whether they should accept credit Read More »
One of the most challenging aspects of running a business, whether you own a start-up or a mature business in expansion mode, is raising capital. Many businesses fail due to insufficient capital to cover operating expenses and invest in growth. Without operating and expansion capital, business owners have limited options at a time when more Read More »
No one type or size of business is immune from cash flow problems. While they are most likely to strike a younger business when management is more prone to underestimating sales cycles or collection timeframes, all businesses become susceptible when the economy unexpectedly down-shifts, exposing them to sudden shifts in demand. Sometimes, a profitable business Read More »
Small business owners face a number of challenges in growing and operating their companies, but advances in technology have simplified one facet of business – payments. Digital and mobile technology provide business owners quick access to capital, freeing up time, expanding growth options and cutting “paperwork” down to a few clicks of the mouse. Historically, Read More »
Congratulations on your new place! Now that you’re settling in, there are some important things you need to consider. Burke & Herbert Bank recommends these six important tips: #1 Create a Budget The key to a good budget is including as much information as you can, so that you can adequately prepare and plan. It’s Read More »
Millennials looking to make their next housing move face a tough decision: to rent as prices continue to soar but with the flexibility to come and go, or to commit to the world of homeownership and all of its demands while interest rates are near historic lows. “Millennials should weigh a number of factors before Read More »
When considering buying a home, the down payment you make up front plays a major role in your future housing expenses. According to the Consumer Financial Protection Bureau, the down payment amount can greatly influence your mortgage interest rate, your monthly mortgage payment and your need for mortgage insurance. Typically, lenders require anywhere between five Read More »
It’s time for spring cleaning – time for cleaning, sorting and tidying up around the house. Spring is also a great time to do some financial organizing and tidying up as well. To help get you started, here are six tips for getting your financial house in order: #1 Review Your Budget A lot can Read More »
It’s summer, and you know what that means – vacation! Summer vacation is a time for fun, laughs, adventures, and new memories. But that doesn’t mean it has to hurt your wallet. Here are five tips on how you can save money and still have fun on your summer vacation: 1. Set a Budget When Read More »
