Cash Flow

Automation can save you from overdraft and late fees

Capital Solutions Bancorp — Wed, 31 Aug 2011 10:47:31 -0400

Mint.com launched in 2007 to get people to manage all their financial accounts in one place. That overview is essential for budgeting and planning.

However, Intuit acquired Mint and built a base of six million users. Yet, it needed one piece to help its users better manage finances – bill reminders. This feature sounds small, but according to Mint, its users spend $5 million a month on bank fees.

Timing of minimum wage increase 'unfortunate' for SMBs

Capital Solutions Bancorp — Thu, 23 Jul 2009 00:00:00 -0400

Many small businesses are going to see another hit to their working capital this week as the federal minimum wage will rise to $7.25 on Friday, July 24.

The increase will be the third and last under the Fair Labor Standards Act, which has raised the minimum wage incrementally each July since 2007.

Many small business owners who have already found themselves struggling to make ends meet are not happy about the added expense.

SMBs should look inward to survive recession

Capital Solutions Bancorp — Thu, 23 Jul 2009 00:00:00 -0400

In such a difficult economy, it is tempting to blame economic conditions such as the credit crunch or the lack of consumer spending as major culprits in the increasing number of small business failures.

Small business optimism slips, employment shows modest improvements

Capital Solutions Bancorp — Wed, 15 Jul 2009 00:00:00 -0400

Though small business optimism slipped slightly last month, the National Federation for Independent Businesses (NFIB) survey showed that profits have marginally increased and employment levels are starting to stabilize.

The monthly survey, whose June results were released this week, showed that the small business optimism index fell one point to 87.9, down from May's 88.9.

The month's reading marks a bump in the past three month's steady gain of 7.9, reported Reuters.

Recovery not imminent, but job loss worries and personal saving habits stabilize

Capital Solutions Bancorp — Wed, 15 Jul 2009 00:00:00 -0400

Although the majority of Americans believe the recession will not end for one or two years, job loss concerns and personal saving habits have held steady, said a Financial Times/Harris Interactive poll released this week.

The survey, which polled adults in the five largest European countries and the United States, found that 43 percent of Americans believe the recession will end in one or two years, compared to the 6 percent who believe it will end in six months.