National
Small Business Week is May 12-16 and Regions
Bank (NYSE:RF) is moving small businesses forward with insights,
articles and tools available on Regions’ Business
Resource Center.
Through Regions, small businesses nationwide have access to helpful
articles and calculators that can help businesses create, plan and
manage a successful business.
“Small businesses are at the core of the communities we serve and
Regions is committed to assisting small business owners in whatever way
possible – from offering free, online advice to employing specialized
bankers who offer unique perspectives and solutions,” said Joe
DiNicolantonio, head of business banking for Regions.
Regions has provided top tips from its Business Resource Center in
celebration of the national focus on small business.
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Use
Technology to Improve Cash Flow - Cash is the lifeblood
of any business, so it is essential to have the cash you need on hand
when you need it. Treasury management, along with technology, improves
cash flow and helps companies troubleshoot some of the most common
cash flow mistakes, such as poor monitoring, making payments all at
once and not having cash available in the right place at the right
time.
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Find
a Better Way to Budget – Budgeting can be one of the most
difficult tasks a business owner faces – and rightfully so, it’s hard
to predict the future. So why not start with a bottom-up budget?
Begin, rather than end, with the desired results, working your way up
to what you need to hit your goals.
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Know
Your Ratios – There are four key ratios that business owners
need to keep in mind at all times – liquidity, asset, debt, and
profit. These ratios can tell you more about your business as they
identify trends better than an individual measurement.
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Employees
are Key to Optimizing Operations – Optimizing a company’s
operations, whether it sells a product or a service, is as much a
change in philosophy as it is a change in practice. Continuous
improvements don’t begin on the shop floor or in the delivery truck;
they begin in the corner office, so take the necessary steps to ensure
you are getting the most from your employees.
Regions Bank provides businesses with valuable advice and tools online
at regions.com/businessinsights,
and offers a range of customized services to meet specific small
business needs. For more information, visit regions.com.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $118 billion in assets, is
a member of the S&P 500 Index and is one of the nation’s largest
full-service providers of consumer and commercial banking, wealth
management, mortgage, and insurance products and services. Regions
serves customers in 16 states across the South, Midwest and Texas, and
through its subsidiary, Regions Bank, operates approximately 1,700
banking offices and 2,000 ATMs. Additional information about Regions and
its full line of products and services can be found at www.regions.com.
Copyright Business Wire 2014