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As part of its commitment to provide customers with practical business solutions, Webster Bank periodically hosts Recess, an invite-only forum designed exclusively for small and commercial business leaders. It invites them to explore, connect, and progress to power their business forward. Are you overlooking your most important resources? Months-long pandemic. Business shutdowns. Mandatory quarantines. Social […]
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Most Small Business Owners (SBOs) rely on confidantes or advisors to consult with when making a critical business decision. But how do they determine who is an advisor? For some, a paid partner like an accountant or an attorney makes the most sense. Often SBOs like to talk about their situation with a few different […]
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No one can predict when their business will face a disaster, which is why it's always a good idea to make sure that your recovery plans are clear, documented, and up-to-date.
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Once considered a noble sacrifice disconnected from profit, organizational purpose is quickly becoming the driving force in sustained profitable growth for businesses across sectors. Today, a true purpose-driven strategy is more than a short-lived sentiment or public relations campaign.
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Whether you already have a plan in place or are putting one together for the first time amid an ongoing disaster, here are six key steps you should plan to take whenever disaster strikes to aid in your recovery.
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Many volunteer Board of Directors know the challenging responsibilities of managing a condominium/homeowner association. Staying on top of board duties and balancing work and family life can become difficult for some members. This is akin to running a small business enterprise. Below are some useful tips for effective HOA Governance. Review governing documents Knowing and […]
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If you’re a woman, and you own a small business or are thinking of starting-up a small business, you should contact the U.S. Small Business Administration (SBA). SBAÕs office of women’s business ownership In 1979, the SBA established the Office of Women’s Business Ownership (OWBO) to foster women entrepreneurs in our economy. OWBO reaches out to […]
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A financial Rx for medical practice growth “We’re modernizing our practice and upgrading our technology.” “We’re acquiring another practice and need to fund the purchase price.” “We want to invest in a health franchise.” “We’re expanding our business to offer new services and equipment for patients.” “We’d like to acquire commercial real estate to house […]
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As part of Webster Bank’s Specialty Banking Team, I have the pleasure of working with a great mix of clients; some entrepreneurs are just starting out, while others are ‘seasoned’ borrowers. In any case, securing financing for your business start-up or expansion can be a time consuming, frustrating process. However, there are several things you can […]
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As a small business owner, you balance the ability to quickly solve short-term problems while realizing long-term goals. That’s why we’d like to offer a new perspective on your goals for the coming year: Don’t plan for 12 months. Plan for 18. You can see the immediate needs ahead for capital: that new piece of equipment, the […]
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