New Business Finances: Things to consider when setting up your finances.
You’ve got a brilliant business concept. You’ve got your financing in place. You’re gearing up to open the doors at your new business. Here’s a few banking things to consider as you get your business plans in place!
Business banking accounts think bigger
Business accounts offer services that personal accounts do not. You can access different online banking tools to streamline your cash management and bill payment transactions. Some other features for multiple account owners, allow you to appoint different signing authorities and provide viewing access to multiple employees. Business banking is getting easier too. You can monitor real-time account activity whether you’re at your desk or out of the office.
Make transacting easy
Transacting shouldn’t be hard. Marketing and customer experiences aside, this is your business's primary function. Have all your simple to complex payment requirements for any size of business covered. Cash is in the past. Transact with your employees, suppliers, and customers with an easy paperless process.
Get the cash flowing. Have you considered:
- At the counter payments for "bricks and mortar" stores
- Cordless payments for ease of use
- Long Range Wireless payments when you’re on the go
- Small businesses can turn their smartphone into a payment device
- Ecommerce/web solutions for your online business
- Integrated solutions for any type of business with many payment methods
- Gift cards and loyalty options
Ah, technology. If you’re a small business, you can access a variety of innovative employee services that are cost effective and easy to use, such as:
- Payroll services
- Human resources management
- Time and labour management
- Integrated solutions
- Occupational health and safety
- Comprehensive outsourcing
- Consulting services
Grow your business
You’ve got big ideas, now put those ideas to work. Take out a business loan specific to your services. Access cash for building, moving, or making new sales targets. Or invest those profits. There are so many investment opportunities you can take advantage of to build your business’ success. Start by making a values-based financial plan Get To Your Goals Quicker. Employ your savings and make your money work for you.
Did you know that as a business member, you have access to a specialty team to help you with your business needs? Need advice?