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Your Bank > Education and Advice > CNB University

Businesses

Title
Date
Apr 23, 2014
A Business Plan Can Be Your Guide to Growth
Whether you’re a current business owner or a budding entrepreneur burning with the next great idea, one of the most important steps you can take on your road to success is creating a business plan. Why? A well-thought-out and well-written business plan captures your vision, illustrates it for others (including potential lenders and investors), and creates the roadmap you and your management team need to guide you through the growth of your business. Consider the following points:
Apr 23, 2014
Apr 23, 2014
Managing Costs for a Healthier Bottom Line

Your company’s profitability depends not only on sales, but also on effective cost management. Are you adequately addressing the cost side of the business equation?

Apr 23, 2014
Apr 23, 2014
Transition Time
Are you a business owner who wants to retire someday? Would you like to see the business continue after your departure with younger family members and/or other key employees in charge? Accomplishing the dual goals of retirement and continuity of the business is possible, but it takes planning. Because every situation is different, your plan should be tailored to achieve the results you desire. That said, you may be interested in an illustration of how a transition plan could be crafted.
Apr 23, 2014
Mar 10, 2014
Financial Analysis for Your Small Business
Financial statement information is most useful if owners and managers can use it to improve their company’s profitability, cash flow, and value. Getting the most mileage from financial statement data requires some analysis.
Mar 10, 2014
Feb 26, 2014
Business Owners: Don't Neglect Your Own Retirement Plan

If you're like many small business owners, you pour your heart, soul, and nearly all your money into your business. When it comes to retirement planning, your strategy might be crossing your fingers and hoping your business will provide the

Feb 26, 2014
Jan 23, 2014
Ratios Can Provide Answers
How’s business?  Most business owners can answer that question without consulting a financial statement.  But what if someone asks about “return on assets” or “average collection period”?  To answer those questions, you need the help of financial ratios.
Jan 23, 2014
Jan 03, 2014
The Rental Route
Buy or lease?  It’s a decision many small businesses face.  Owning real estate certainly can have advantages, including the opportunity to build equity.  But many small businesses in need of space choose the rental route instead.
Jan 03, 2014
Nov 08, 2013
A Year-end Checkup for Small Businesses

In addition to providing for you and your family, your small business is a part of this country’s job creation engine. Small businesses make up 99.7% of U.S. employer firms and account for 64% of net new private sector jobs.

Nov 08, 2013
Nov 08, 2013
Measuring Your Retirement Plan’s Success

Typically, high performing, successful retirement plans have high participation and contribution rates and a large number of participants who are on the path to a financially secure retirement. Employees who are satisfied with their retirement plan may be more productive

Nov 08, 2013
Oct 28, 2013
A Commitment to a Healthy Cash Flow
For richer, for poorer, for better, for worse.  If you own a small business, these familiar wedding vows might signify more than promises to a spouse.  They might describe your relationship with your business as well.  And with good reason if your personal financial well-being is closely tied to how well your business is doing.
Oct 28, 2013
Oct 03, 2013
A Health Savings Account (HSA), a Positive Addition This Open Enrollment Period
With all the talk of health care reform in the media and health care premiums on the rise, employers need effective solutions to lower expenses while being able to continue to offer attractive benefit plans to their employees.  One alternative to consider this open enrollment period is adding an HSA compatible (high-ductible) plan to your health care plan offerings. Effective communication of employee benefits is important in assisting employees in making informed health care decisions.  A few things to think of regarding your benefits meetings this open enrollment period are:
Oct 03, 2013
Oct 03, 2013
The Benefits of Having a Benefits Broker
With healthcare offerings becoming more expensive, and more challenging to administer, it makes sense to take a step back and consider what you offer to your employees, and why.  As any successful business owner knows, you can’t expect to do what’s always been done and get ahead.  You need to examine your practices and set goals.  Most savvy businesses have two goals in offering benefits.  First, businesses want to attract and retain the best employees.   Second, they want to contribute to their bottom line by using health benefits to contribute to a culture of health and productivity.   And of course, they want to accomplish both goals with as little administrative hassle as possible.  So where does a benefits broker come in?  They work with you to make sure you can accomplish both goals, while reducing your administrative burden.
Oct 03, 2013
Sep 26, 2013
Exit Strategies for a Family Business Owner
The manager of a family business who is considering retirement often has four goals: paying as little in taxes as possible, keeping the business in the family, treating heirs fairly, and ensuring competent successor management. But achieving these goals is often a challenge. A business exit must be custom fitted to your financial situation and your desires for management succession. The following are some possible strategies that you may want to consider — with the help of your professional advisors.
Sep 26, 2013
Feb 19, 2013
What to Look for in Your 401(k) Service Provider

401(k) salary deferral plans are the most popular retirement plans today. Nearly every financial service company banks, insurance companies, stockbrokers offer 401(k) plan services. Some of these companies are even advertising 401(k) plans on television. You know that a 401(k)

Feb 19, 2013
Feb 19, 2013
Reviewing Your 401(k) Plan Design

A 401(k) plan’s design can have a significant influence on both participation and contributions. One way you can evaluate the effectiveness of your plan’s features is to use a benchmark, such as the Profit Sharing 401(k) Council of America’s (PSCA)

Feb 19, 2013
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