June, 2014

Four Challenges Women Business Owners Face & How to Beat Them

June 24th, 2014
Four Challenges Women Business Owners Face & How to Beat Them image

Women Business Owners (WBOs) added about $1.3 trillion to the U.S. economy in 2013, but many still have hurdles to clear on the road to success. Here are some common problems and potential fixes. Problem: Lack of capital. Solution: Make it easier for customers to make payments. Aging collectibles clog your cash flow, so be sure to give your customers options that will help them pay faster. Convenient services like Electronic Funds Transfers and PayPal can speed up the process considerably. Did you know 45% of WBOs finance their businesses with credit cards? The First offers growing businesses competitive rates [ read more ]

Five Tips for Women-Owned Small Businesses

June 17th, 2014
Five Tips for Women-Owned Small Businesses image

Women-owned small businesses account for approximately 50% of privately held companies in the U.S. Most of them (95.8%) earn less than $1 million in annual revenues. As the economy continues to grow, these businesses have tremendous opportunities and challenges ahead of them. In an article for Forbes magazine, Nell Merlino, Founder of Count Me In for Women’s Economic Independence, shared five tips for women looking to grow their business revenues this year. http://www.forbes.com/sites/womensmedia/2014/02/25/tips-for-womens-business-growth-in-2014/ Are you a woman who owns a successful business? Let us know what’s worked for you. Leave a comment below. [ read more ]

What Women Really Want from a Bank | The First National Bank Blog

June 3rd, 2014
What Women Really Want from a Bank | The First National Bank Blog image

Now more than ever, banks are looking for newer and better ways to serve women—and with good reason. A study by Pew Research found that women are the primary breadwinners in more than 40% of American households with children under the age of 18. In addition, America’s 8.6 million woman-owned businesses generate more than $1.3 trillion a year in revenues. Learn more about women and the new economy here: http://www.pewsocialtrends.org/2013/05/29/breadwinner-moms Why banks must take gender differences into account A recent Boston Consulting Group survey revealed that 73 percent of women are dissatisfied with the financial services sector. Reasons cited for [ read more ]