The BankFive Business Blog

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.

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.

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.

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

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

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.

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

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

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

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.

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.

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.

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.

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. 

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!

With a little planning and forethought, you can help reduce stress and maximize your sales potential this holiday season.

It's vitally important for you and your staff to be vigilant when it comes to potential scams. The more you know, the better you can defend yourself and your business from fraud.

By taking some time to train your employees, develop best practices, secure your technology, and stay educated on emerging cyber threats, you can help to protect your business.