Archive for the ‘Small Business’ Category

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 […]

How to write off the expense of starting your business

March 9th, 2017 Cory Ahrendsen

As an entrepreneur you know that start-ups incur costs before officially being open for business. The good news is that you may be entitled to deduct certain start-up and organizational costs on your tax return. Let’s take a closer look at how to write off the costs of starting your new business. Two types of […]

Midwestone bank, cyber security, business tips

5 steps to protect your customers from ID theft

February 9th, 2017 Jeff Schebler

Are you taking steps to protect your customers’ personal information? Safeguarding sensitive data in your files and on your computers is just good business. After all, if that information falls into the wrong hands, it can lead to fraud or identity theft. Recent studies estimate the cost of a security breach at around $200 per […]

Small business finances

Our most read small business articles from 2016…

January 12th, 2017 madmin

From identity theft to company valuations and renting commercial space, the most popular small business articles in 2016 were all about ways to become more effective and organized about running your small business. We hope you enjoy this collection of top 2016 articles and find use in our tips and insights! Lease or buy commercial […]

How to spend less time on administrative and accounting tasks

December 2nd, 2016 Niki Prom

More time – it’s what all small business owners want and few have. Many entrepreneurs surrender to the late nights and early mornings that can come with building a company from the ground up – especially if they’ve taken on a jack-of-all-trades role. But for many, this type of schedule is not sustainable – especially […]

chad lindgren, small business, midwestone bank, company valuation

10 reasons to perform a company valuation

November 10th, 2016 Chad Lindgren

Do you know what your business is worth? Your local assessor’s office knows what your house is worth. With just a few clicks on the Blue Book website, you can find out what your car is worth. You can easily find the value of your mutual fund. Why, then, is it so common to come […]

entrepreneur

Operating a small business? Here are our best money management tips …

October 6th, 2016 madmin

As a small business owner, one of the most intimidating aspects of running a business can often be managing the finances. Being a subject-matter expert in your chosen profession means that you may not have experience with the day-to-day aspects of running a business, let alone overseeing the finances. That’s where expert help is crucially […]

Are you taking these steps to protect your business account online?

Are you taking these steps to protect your business account online?

September 8th, 2016 Cory Ahrendsen

If you use online banking for your business – beware! Cybercriminals have increasingly been targeting the online accounts of small- to medium-sized businesses, non-profits and municipalities. These types of “corporate account takeovers” are attacks carried out by cybercriminals to either obtain the login credentials or hijack the secure online session of a legitimate user through […]

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