Category: Business Finance

How to Manage Cash Flow for Your Small Business

Female small business owner researches ways to manage cash flow.

For your small business to be as successful as possible, you need to have a firm grasp on cash flow. Understanding your cash flow and how to manage it is essential for both long-term stability and confronting issues in the short term. Read on to learn more about cash management and how you can improve… Read more »

Five Signs of Financial Trouble for Your Small Business

Small business owners look over financial paperwork for signs of trouble.

Financial troubles for your small business typically don’t happen overnight. By paying attention to the following warning signs, you’ll be better prepared to protect your business from serious financial ruin down the road. Problem #1: You Have an Unbalanced Cash Flow When the money you’re spending to cover operating costs starts to exceed the amount… Read more »

Charitable Donations and Business Taxes: Learn About the Guidelines for Giving Back

Illustration showing raised hands with hearts to portray charitable donations for business.

By making a charitable contribution, your business can help people in need while potentially reducing your tax burden. However, there are rules and restrictions you should consider before contributing your money to a cause. From your corporate structure to the nature of your donation, here’s a primer on what you should know about tax-deductible charitable… Read more »

A Small Business Partner: Success Stories

Photo collage featuring five of Minster Bank's small business partners.

When you’re starting a business or looking to expand, you need a bank who loves your business as much as you do. Below, we’ve curated 10 snippets of a few of our success stories through the years. Keep reading to hear why these customers chose Minster Bank and why they continue to bank with us… Read more »

Where Everybody Knows Your Name: Troy Salon & Day Spa and Minster Bank

Front of the Troy Salon & Day Spa building in Troy, Ohio.

Char Bruggeman has been running Troy Salon & Day Spa for almost 10 years, and she says Minster Bank’s personal service is what sets them apart and kept her with Minster Bank all these years. “I love every one of them there,” she said. “When I walk in, it’s so homey because everybody calls you… Read more »

4 Questions That Can Help Reduce Employee Turnover

Two employees communicating about strategies to reduce employee turnover at their small business

Did you know the cost to replace an employee can be thousands of dollars? If you don’t want to spend that kind of money – and who does? – it’s key to keep the employees you already have. While some turnover is expected, taking action now will go a long way toward keeping your company… Read more »