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Business Advice Blog Posts

By First American Merchant

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Anti-Money Laundering Lapse Costs Morgan Stanley $10 Million

Wall Street’s industry funded watchdog fined The brokerage unit of Morgan Stanley must pay $10 million for failing to comply with its anti-money laundering program, according to Wall Street’s industry-funded watchdog group, Finra. Finra (Financial Industry Regulatory Authority) reported that the brokerage unit’s lapses occurred for more than five years, from January 2011 until April 2016. According to Finra, Morgan Stanley’s automated surveillance system did not receive important data from its other systems, resulting in the firm’s inability to track tens of billions of dollars of wire and foreign currency transfers. Some of these transfers were from countries that have […]

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How a Micro Business Can Network On a Tight Schedule and Budget

Savvy micro business owners can never overlook the significance of small business networking in making the critical connections they need to expand their firms. Interrelating with would-be business partners, shareholders, or clients promotes loyalty and a strong business rapport which later open up new doors. And so far, we’ve discovered lack of time as the major stumbling block preventing micro business owners from networking—it’s hard to spare some hours to attend conferences or events when you have a buzz of activities going on in the office. But because you can’t do without networking, here are great ways to make sure […]

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The Advantages of Business Credit Cards

While you are continuing to figure out your cash flow during the beginning stages of your business, using a personal or business credit card may best type of financing to help you with those unexpected expenses. If managed properly, a credit card can help you get started and take care of any financial challenges along the way. Check out the benefits of using a business credit card here: It’s a Simpler Financing Option Than a Bank: Getting a new business loan from a traditional lender is not easy when you are first starting out. In most cases, banks require you […]

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Create More Referrals & Get Business Loans with No Credit

If you want to grow your business, you should maximize your referral strategy. Well, how to motivate your past and current clients, customers, users, friends, and others to let the world know about your products/services? This article will tell you how. Also, you’ll learn how to obtain business loans with no credit easily. Grow Your Business with Referrals and Business Loans with No Credit As technology advances, more solutions appear like social media, search engines, apps, and lead-sharing platforms to help you grow your business. However, this isn’t enough. Creating referrals from trusted friends, colleagues, and family members still remains […]

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Raising the Minimum Wage in New Jersey

It’s not easy to live a life below the poverty line. Even if you live in the richest country in the world, this a rather challenging situation indeed. The minimum wage raise to $15 in N.J. could be regarded as an addition to the current state requirement of increasing the minimum for annual inflation. There’s a consistent higher unemployment rate in some southern New Jersey counties as compared to the other parts of the state. The cost of living is relatively high in N.J., and the minimum wage is staying behind it. The costs associated with healthcare and childcare grew […]

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Why You Should Monitor Your Business’s Taxes Year-round

The business owner’s mind has a lot to mull over year-round and among the matters they should worry about is tax compliance. Though not given enough attention by many, it is arguably one of the critical factors affecting their businesses. According to Brian D. Kitchen, a Tax Strategist at Kreischer Miller, merchants should learn the significance of knowing their tax liability under the newly passed Tax Cuts & Jobs Act, and recognize that proper monitoring of taxes year-round can be of help during filing season. Discover more ways tax compliance could impact business decisions all through the year. Estimated Tax […]

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A Business Owner’s Guide to Improving Time Management

Proper time management is a habit you develop gradually. There’s often more work than the time to complete tasks. And those who run a business know this better. We have work, households, friends, family, business and civic commitments, and the once in a while vacation, yet there’s never enough time to achieve everything we need and wish to do. Entrepreneurs are frequent victims of this situation. They often have to do more work with less time, and that’s the case for every budding company. Here’s a guide to help you keep operations going without straining. Do away with time wasters […]

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The Math of Business: 5 Financial Metrics All Micro-Business Owners Should Know

All micro-business financial metrics discussed below are known to pretty much every retailer in the world of commerce. However, this guide seeks to shed more light on these critical aspects of running a business. So what are some key metrics a small firm owner should check? 1-Income/revenue Income is the equal of your total sales. Without revenue, your business is as bad as dead. You can’t pay staff, order product delivery or sustain operations. So income straight away qualifies as the first metrics to put a tail on. If possible, track your daily, weekly, monthly, quarterly, and yearly income to […]

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2018’s Guide to Building Business Credit

Every retailer is aware of the importance of building business credit— most of them just don’t know how to go about it.  It is one factor they look at when assessing your eligibility for a micro-business loan, a line of credit, or any other kind of funding. Follow this guide to build credit for your company. Understand the process of Business Credit Reporting You need to learn the process of business credit reporting. Credit reporting agencies get their data from the lenders and creditors that offer you funding and process the info via an algorithm to determine your business credit […]

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Ways to Market Your Business to Millennials

There are 71 million millennials, aged 20 to 35. This unique group looks for marketing approaches that are much different than what previous generations responded to. As you put together your small business marketing strategy, make sure you also consider the following tips: Optimize content for social media Nowadays, there is so much content on the internet. The key to keeping your millennial customers’ attention is to share great, personalized content. It is especially important to focus on optimizing content for social media. When it comes to millennials, social media is the new SEO. Reach out to millennials via social […]

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