Category: Business Finance

4 Questions That Can Help Reduce Employee Turnover

Young woman speaks to her boss about communication in workplace

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 »

How To Start a Side Business on a Budget

Whether it’s because you’re ready to be your own boss, want to share your ideas with the world or just want to make a little extra cash, starting a side business is becoming more and more popular. Since the goal of any small business is to make money, it’s important to craft a plan before… Read more »

Staying Focused as a Small-Business Owner

Small business owner man stands with an iPad smiling

Everyone gets distracted from time to time. For those running small businesses, distractions are not only more frequent but also more detrimental to success. Staying focused is a key tool every small-business owner should have in their toolbox. Starting is Easy – but Finishing is Hard Most successful business owners agree that starting something is… Read more »

Success Story: Minster Bank and Moran Refrigeration

Moran Refrigeration building in St. Marys, Ohio

Small business owners need a bank that truly knows them and understands their company.  That’s why Doug Moran, owner of Moran Refrigeration in St. Marys, Ohio, has been a Minster Bank customer for nearly 20 years. Moran’s company itself has been serving northwest Ohio’s appliance needs since 1947. Local Focus at a Community Bank Moran… Read more »

Five Signs of Financial Trouble for Your Small Business

Small business owner working on financial problems at desk

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 »

Success Story: Wells Brothers and Minster Bank, a Commercial Banking Partnership

Executive team of wells brothers of anna ohio with plant funded by minster bank and red wells brothers trucks

Since its inception in 1988, Wells Brothers of Anna, Ohio, has been a family owned business. Incorporated in 1989, Wells Brothers’ President is Curt Wells, his brother Jerry is Vice President and Curt’s wife Sandy is the Secretary and Treasurer. The company began with electrical and HVAC residential services, and now primarily focuses on the… Read more »

Financial Tips for Young Entrepreneurs

Young female entrepreneur working on laptop at her desk

No matter how old you are, the entrepreneurship bug can bite and give you the itch to start a business. If you’ve been working for some time, you probably have some experience in the industry you’re launching into and have spent time in the business world. However, if you’re younger, there’s more for you to… Read more »

Success Story: Primary EyeCare Partners with Minster Bank

Karen Fortman, O.D., at Primary EyeCare and interior shots of Primary Eyecare

When it comes to doing business, you need a partner you can trust. That’s why Karen Fortman, doctor of optometry at Primary EyeCare Associates, said she and her partners at the practice chose Minster Bank when they needed to expand. 20 Years and Counting With Minster Bank Fortman joined Primary EyeCare after she graduated from… Read more »

Growing Your Small Business: Short-Term vs. Long-Term Loans

Small business owner looks over loan paperwork

If you own a small business, you know you sometimes need a hand when the market changes or when unexpected costs arise. Or, maybe you need a boost to push your company’s growth to a new level. In both instances, short- and long-term business loans can be helpful. Learn more about these two loan options… Read more »

How to Decrease Costs for Your Business: A Visual Guide

Man researching ways to decrease costs for his business

With a bit of thought and creativity, you can decrease costs for your business in ways that won’t disrupt your goals or productivity. In fact, careful cost-cutting could even help your company operate and serve customers more effectively. A Visual Guide to Cutting Costs for Your Small Business Get More Small Business Success Tips from… Read more »