Archive for the ‘Small Business’ Category

Kage Innovation, mike stephan, midwestone bank

MidWestOne customer spotlight: KAGE Innovation

February 8th, 2018 Inga Rundquist

Mike Stephan has been entrepreneurial-minded since he was a kid. He grew up working with his dad, Syd Stephan, in the landscaping and snow removal industry. He found that when you spend time entrenched within a job that includes some manual labor, sometimes you begin to identify inefficiencies. Mike not only identified processes or machinery […]

Own a business? Do this before you donate to charity…

February 8th, 2018 Niki Prom

Key takeaways Educate yourself about the different types of donations you can make. Understand your unique tax implications. Set a budget and target recipients. Develop a written policy. Research recipient organizations. Be ok with saying no. As a business owner, you’re likely no stranger to “ask” letters from community groups and charitable initiatives. And that’s […]

This list of advantages and disadvantages will help you decide to rent or buy

January 11th, 2018 Chase Stafford

Key takeaways Review the list of advantages and disadvantages of leasing and buying. Make a list of pros and cons for your business. Don’t be afraid to ask for help. Talk to a trusted advisor about your unique situation. Is your business growing? Are you running out of space? As your business gets bigger, you […]

Disaster planning and your small business

November 9th, 2017 John Kimball

Disaster recovery planning – it’s one of those things every small business owner knows is important, but many avoid. The truth is, you just never know when a disaster will strike, and it’s important to prepare your business for such an event, just as you would your home and family. Despite the unpredictability of disasters, […]

Tips for planning for retirement as a small business owner

October 12th, 2017 Niki Prom

While operating your own business has many benefits, it comes with its fair share of unique challenges, too. One of them – planning for retirement. For many entrepreneurs, it’s tempting to funnel profits back into the company as opposed to saving for the future. While this may help your business grow, it is not necessarily […]

MidWestOne Business mobile banking is now available

September 7th, 2017 Renee Smith-LaBarge

Business banking with MidWestOne just got easier! Our new Business Mobile Banking App is now available for download. It’s simple, easy to use and comes with an array of features that makes managing your money convenient and more efficient. Convenience As a business owner, you know convenience is key when it comes to handling your […]

Jeff Quint

MidWestOne Customer Spotlight: Cedar Ridge Vineyards, Winery & Distillery (Part 2)

September 1st, 2017 madmin

Watch a video of Jeff talking about his experience building Cedar Ridge at the bottom of this article… Editor’s note – this is our follow-up story to the first customer spotlight we did on the distillery. You can find part one here. For Jeff Quint and his team at Cedar Ridge Vineyards, Winery & Distillery, […]

How to measure business success – KPIs, profitability ratios and more

July 6th, 2017 Neil Roers

When you’re building a startup, chances are you’re knee-deep in the daily grind of operating your business. From refining your product or service, to building your team, to meeting with vendors or other partners, you’re probably involved in all aspects of your business. This leaves little time for anything else – especially the big picture […]

The business of giving

June 8th, 2017 Cathy Rottinghaus

Charitable giving is a business decision many business owners ignore; until the “ask” letters start piling up. Supporting causes in your local community may bring in sales, solidify relationships, impact employee morale and increase awareness of your business in the market. When your heart tells you to give, don’t just impulsively sign a donation check. […]

The pros and cons of leasing business equipment

April 6th, 2017 Todd Peterson

Whether you’ve opened a coffee shop or a manufacturing facility, you’ll need equipment to keep things running. From computers, chairs and desks to even heavy machinery, it’s possible to lease almost anything for your business. The question is – does it make financial sense? Equipment leasing can provide a lifeline for cash-strapped businesses in need […]

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