The BankFive Business Blog


Informative Articles on financial topics and tips for your business.

frustrated business owner looking at laptop
Marissa Scott — 
Business

Helping Your Business Overcome a Seasonal Slowdown

By anticipating when slowdowns in your business typically occur, you can plan ahead and take proactive steps to keep your business steady.

Marissa Scott — 
Local Business Spotlights

Local Business Spotlight: Somerset Glass Company, Inc.

Somerset Glass is a thriving second-generation family business established in 1975. From residential projects to large-scale commercial work they've built a legacy in the Somerset community. 

review icons around person holding cell phone
Marissa Scott — 
Business

4 Tips for Collecting and Leveraging Customer Feedback

Collecting and responding to online reviews can help improve your public image, strengthen customer relationships, and set the stage for long-term business success.

looking at blueprint of additional building
Marissa Scott — 
Business

Is Your Business Ready to Add Another Location?

Deciding whether to open a new business location is a big decision that requires strategic foresight, financial preparation, and operational readiness. Here are some things to consider.

person on laptop in business
Marissa Scott — 
Business

Why Competitive Intelligence is Essential for Your Business

Including competitive intelligence in your business strategy isn’t just about keeping an eye on competitors, it’s about proactively shaping your company’s success.

Jordan Silva, President of Regal Floor Covering
Marissa Scott — 
Local Business Spotlights

Local Business Spotlight: Regal Floor Covering

In 1981, Paul Silva saw an opportunity that would shape his family’s future. Decades later, his son Jordan carries the legacy forward with the same hard work & dedication his father instilled in him.

person designing website on laptop
Marissa Scott — 
Business

Creating a Website for Your Business

By having an idea of what to expect before the build, you can create a professional online presence that attracts customers and drives sales.

woman standing next to open sign at business
Marissa Scott — 
Business

How to Register a New Business in Massachusetts or Rhode Island

Registering your business in Massachusetts or Rhode Island is a crucial step toward building a successful enterprise.

woman at desk reviewing paperwork
Marissa Scott — 
Business

11 Banking Services to Consider for Your Business

Whether you're a new startup or an established business, you should ensure that your bank offers robust support in the areas that matter to you.

woman on laptop in retail shop
Marissa Scott — 
Business

Standing Out in a Crowded Market: 10 Tips for Small Retailers

Competing with online retailers doesn’t mean mimicking their strategies - it means amplifying what sets you apart and highlighting the value of choosing local.

person reviewing document at desk
Marissa Scott — 
Business

4 Tips for Getting a Business Grant

Applying for business grants can seem intimidating at first, but the more practice you get, the easier the process will become.

woman at laptop in warehouse
Marissa Scott — 
Business

Does a Business Need a Savings Account?

No matter which type of account you choose, having a dedicated bank account for your business’ savings needs can help your business succeed.

people reviewing receipts with tablet
Marissa Scott — 
Business

6 Essential Documents for Filing Your Business Taxes

While tax time can be overwhelming for many business owners, you can make the process more manageable by taking the time to review and gather your essential tax documents.

woman helping customer at flower shop
Marissa Scott — 
Business

6 Ways to Improve Customer Satisfaction for Your Business

By evaluating your current level of customer satisfaction and putting some plans in motion to improve it, you will be well on your way to creating more loyal, happier customers.

two people looking at business expenses
Marissa Scott — 
Business

When is the Right Time to Take Out a Business Loan?

By preparing ahead of time and not waiting until a desperate moment to seek business financing, you can provide stability and peace of mind for your business.

person reviewing finances at table
Marissa Scott — 
Business

5 Things to Do When Your Business is Losing Money

It’s easy to panic when your business starts losing money, but having a plan when cash flow begins to decline can help you turn things around.

people working at a table in a group
Marissa Scott — 
Business

5 Tips to Help Your Employees Succeed Financially

Employees who aren't always worried about how they'll pay their bills or whether they're saving enough will generally feel more content and work more productively, creating a win-win scenario. 

woman shopping at small retailer
Marissa Scott — 
Local Business Spotlights

4 Reasons to Shop Local on Small Business Saturday

When you make purchases at local MA and RI retailers, you help support community businesses and the local economy. And what better time to visit local businesses than Small Business Saturday!

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