The BankFive Business Blog


Informative Articles on financial topics and tips for your business.

two people reviewing business documents
Marissa Scott — 
Business

Who Should Have Access to Your Business Financials?

Managing access to your business’s financial records and accounts is crucial for both protecting sensitive information and making informed business decisions.

woman helping customer check out
Marissa Scott — 
Business

How to Create a Customer Loyalty Program for Your Business

Building a customer loyalty program is one of the most effective marketing strategies to keep your customers engaged and coming back. 

businessmen shaking hands at desk
Marissa Scott — 
Business

6 Things to Consider When Buying an Existing Business

Here are some things to keep in mind if you are considering purchasing an established business.

person shaking hands in an office
Marissa Scott — 
Business

5 Ways a Community Bank Can Help Your Business

Here are some practical and impactful benefits of choosing a community bank as a partner for your business.

person paying with POS
Marissa Scott — 
Business

6 Reasons Your Business Needs a POS System

Many of today’s POS systems are true command centers, allowing you to process transactions and payments, track orders, manage inventory, and more.

person writing on documents
BankFive — 
Business

New Federal Reporting Requirements for Small Businesses

Many small businesses will be impacted by a new law called the Corporate Transparency Act that goes into place on January 1, 2024. Learn more about these changes and how to report them. 

person reviewing business documents
Marissa Scott — 
Business

5 Ways to Prepare Your Business for the New Year

The end of the year can bring closure for many aspects of your business. It’s the ideal opportunity to assess and adjust your business practices so you can start with a clean slate in the new year.

small business owner wrapping gifts
Marissa Scott — 
Business

4 Ways to Support Local Businesses This Holiday Season

Shopping locally offers numerous advantages, both for you and your neighborhood. Let's rally around our homegrown enterprises this holiday season.

woman looking at papers on desk
Marissa Scott — 
Business

8 Tips for Handling Holiday Stress as a Business Owner

With the holiday rush, it can be difficult to juggle increased demands on your business and still find time to enjoy the holidays with your family and friends.

Elicia & Matt Brum
Marissa Scott — 
Local Business Spotlights

Business Spotlight: Brum’s Ultimate Repair

Brum’s Ultimate Repair in Dartmouth has a customer-focused approach that stems from their all-hands-on-deck family business model.

person scanning an order to ship out
Marissa Scott — 
Business

5 Tips for Adding Ecommerce to Your Business Strategy

Whether you’re considering ecommerce as a way to expand your reach, or to better serve your existing customers, there are some basic things you should hash before getting started.

person working on laptop with business icons on image
Marissa Scott — 
Business

7 Ways to Strengthen Your Business’s Cybersecurity

Cyber attacks are predicted to double by 2025 in the U.S. due to an increase in technological capabilities. Here are 7 ways to strengthen your business’s cybersecurity efforts.

woman shaking another persons hand
Marissa Scott — 
Business

5 Steps to Starting a Business

If you’re looking to create a business of your own, here are 5 initial steps to help get you started.

small business owner on tablet
Marissa Scott — 
Business

6 Ways to Harness Technology for Your Small Business

Embracing change and adopting some of the latest tech advances could have lasting benefits for your business.

woman working at desk
Marissa Scott — 
Business

3 Tips for Handling Fast Growth as a Small Business

While growth is certainly a positive thing, it’s not always easy to handle unexpected increases in business.

employees sitting around desk together
Marissa Scott — 
Business

What Benefits Should a Small Business Offer its Employees?

One way to help ensure that you don’t lose good workers as a small business owner is to offer valuable employee benefits.

business owner at counter
Marissa Scott — 
Business

Buying vs. Leasing Commercial Real Estate

The decision to buy or lease commercial property will come down to your financial situation and your unique business needs.

Marissa Scott — 
Business

How to Establish a Credit History for Your Business

As a business owner, it is important to build up a credit history for your business, separate from your own personal credit history.

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