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If you have ridden the emotional investing roller coaster, you're not alone. Studies show that 66% of investors have made impulsive, emotionally charged investing decisions they later regretted. In our latest podcast episode, we examine how to avoid making emotional investing decisions by mapping out your strategy to align with your long-term investing goals. We discuss the importance of planning your investing strategy, understanding your investments, and comparing against overall market benchmarks.
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Concerns over bank failures and potential uninsured deposit losses led many business owners, investors, municipalities, and others to seek ways to insure deposits beyond the FDIC insurance limit of $250,000. While your inclination might be to spread deposits across multiple banks, this is an unnecessary inconvenience and an administrative burden. Tune in as First Business Bank’s banking experts discuss the benefits of extended deposit insurance, including increased efficiency, liquidity, and earning a competitive interest rate.
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Are you struggling with deciding between paying off debt or investing your earnings? It's a common dilemma, and one that requires careful consideration of various factors. In the latest episode of the First Business Bank podcast, we discuss advantages and disadvantages of paying off debt before investing, factoring interest rates into your strategy, and evaluating investment opportunities, personal financial goals, and risk tolerance.
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After losing a spouse, survivors are often faced with many tasks and financial decisions while in the throes of grief. In the first thirty days, you’ll need to review life insurance, contact Social Security, contact your attorney about your estate plan or will, and call your bank or Trust Advisor. What’s important to do soon and what can wait? How can pre-planning help in this time of unprecedented emotional turmoil? First Business Bank’s experienced Trust Advisors discuss what clients wish they’d known ahead of time, the importance of organizing finances, how a corporate trustee works, and more.
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For many families, paying for college and higher education costs is confusing and overwhelming as the price of a traditional, four-year college education seems to have no limit. Over the last century, the costs of higher education have grown at four times the rate of inflation, rising a shocking 179% over the past 20 years alone. First Business Bank’s experienced Wealth Advisors work with parents, relatives, and grandparents every day to design the best strategies to save for college. This episode of the First Business Bank Podcast features an informative discussion about ways to pay for higher education, including specific strategies for business owners and grandparents.
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Manufacturing is a major driver of economic activity in Wisconsin, leading all other industries contributing to the state’s gross domestic product. First Business Bank’s financial experts work closely with manufacturing business leaders on their daily and long-term financial needs and strategies to help them position their companies for growth. This episode of the First Business Bank Podcast includes a discussion about the Wisconsin Manufacturing Report and the latest trends influencing Wisconsin manufacturers, including ongoing labor, supply chain, and interest rate concerns, slowing orders, pricing, and inventory management.
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Renee Ramirez operates well under pressure. During the financial crisis of 2008, she founded Community Smiles Dental (formerly Waukesha County Community Dental Clinic), a nonprofit dental clinic for low-income families in Waukesha County, Wisconsin.
The clinic, which opened a second location in 2018, has provided more than $30 million in dental care to more than 25,000 patients since its founding.
This engaging episode of the First Business Bank podcast reveals the story behind how and why Renee Ramirez started Community Smiles Dental, what she enjoys most about the clinic, her numerous accomplishments and leadership positions in the community, and what it takes to make a long-lasting difference.
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Does your industry have a cheerleader? Someone who rallies businesses, helps them network to support innovation and accomplish more together? This episode of the First Business Bank podcast takes a fresh look at the benefits of collaboration between businesses with Marty Ochs, Founder of Green Bay Innovation Group (GBIG) and A.M. Mailing, Inc., and member of First Business Bank’s Northeast Advisory Board.
Marty’s passion — bringing people together to make a difference — leads this episode as we discuss how Marty got his start in the 5Ps industries, how he founded A.M. Mailing, Inc. and won a statewide business award, the story behind starting GBIG, what they’re doing now and their goals for the future.
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Even before the COVID-19 pandemic, employees were seeking more meaning at work and the latest data show that their feelings have intensified. According to a 2022 Gartner survey, 52% of respondents say the pandemic led them to “question the purpose of my day-to-day job” and 56% say it “made me want to contribute more to society.”
On this episode of the First Business Bank Podcast, Advisory Board Members Chris Hess, President and Chief Executive Officer of Goodwill Industries of North Central Wisconsin, and Debby Ballard, President and Founder of The Ballard Connection, offer their perspectives about aligning businesses with nonprofit missions to provide more meaning at work and increase community engagement.
#Businessloans #Financing #Businessplan #Interestrate #bcp #sbaloan
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Protecting your business from the growing threat of cyberattacks involves proactively strengthening your business’ cybersecurity and protecting it financially with cyber insurance. Beyond suffering a financial loss, businesses hit with cyberattacks also run the risk of reputational damage. Cybersecurity and insurance expert Derek Laczniak, Sr. Executive, Partner and Director at M3 Insurance, and Frank Stephens, President and CEO at Computing Technology Solutions, join us on this episode of the First Business Bank podcast. They will be answering your questions about cybersecurity insurance and how to protect your business from cyberattacks.
#Businessloans #Financing #Businessplan #InterestRate
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Whether you’re operating a nonprofit or for-profit business, receivables keep the doors open and efficient receivables collection can bolster your cash position. Technological advances over the past several years make it possible to drastically reduce the time it takes to get those receivables into your operating account.
In this informative episode of the First Business Bank podcast, our business banking experts, Directors of Treasury Management at First Business Bank, Melissa Fellows and Kim Preston, discuss the benefits of improving your receivables process, various options available like Remote Deposit Capture, and the potential ROI of accessing your cash sooner in a rising rate environment.
#Businessloans #Financing #Businessplan #InterestRate
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With more than 40 years since we’ve seen inflation this high, many business leaders and
investors are asking our team about how rising interest rates might affect their short- and long-
term decisions. With an educational look at historical economic performance, this episode of the
First Business Bank Podcast features financial experts discussing metrics to keep your eye on,
how the Federal Reserve is likely to act, and what that might mean for individual investors and
leaders of businesses.
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Using real-time payments like Zelle, Venmo, or Paypal, you might give allowance to your kids, split the bill at dinner, or pay a friend back for tickets. As consumers adopt real-time payments at a faster pace, business leaders consider dropping checks and weigh the benefits and risks of real-time payments, as well.
This episode of the First Business Bank Podcast discusses the ever-changing landscape of real-time payments, including the benefits and risks of real-time payments, differences between bank-sponsored payment networks and others, the latest about FedNow instant payments, and more.
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During the estate planning process, you document your wishes for assets like property, investments, insurance policies, and retirement accounts. But what will happen to your digital assets like digital photos, social media accounts, or digital currency, not to mention all the related passwords?
This episode of the First Business Bank Podcast focuses on identifying, simplifying, managing, and documenting your digital assets to transition them to your loved ones after your death.
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The accounts payable process often is a time-consuming, complex mix of B2B payments involving ACH, wires, checks, and credit cards. Simplifying your business’s accounts payable through Integrated Payables reduces labor and check costs, maximizes efficiency, decreases the opportunity for check fraud, and generates revenue through virtual card payments.
This episode of the First Business Bank Podcast focuses on how integrating your accounts payable into one payment file works, the benefits of increasing your digital payments (including producing revenue), and how to evaluate the ROI of integrating your accounts payable for your business.
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Experts estimate that family-owned businesses worldwide contribute more than half of gross domestic product and two-thirds of employment. Family-owned businesses also are among the most trusted type of business in America, yet most lack a formal business succession plan that can help keep the peace and ensure continued vitality of the family business for generations to come. Still, only about 30% of family businesses make it to a second generation and 13% last to a third. This episode of the First Business Bank Podcast includes recommendations to strengthen the future of your family-owned business.
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Improving retention in manufacturing is a multi-faceted, ongoing effort that can help manufacturers keep skilled, valuable employees, leading to greater efficiency and lower costs. In this episode of the First Business Bank Podcast, we are joined by Elizabeth Aldana, Service Line Leader/Senior Consultant for Operational Excellence from WMEP Manufacturing Solutions for a discussion with far-reaching implications for manufacturers as they look for strategies to keep more employees in this competitive job market.
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Tim Keane, photographer, founder of RTMS, Golden Angels Investors, and Keane Consultants and former board member of First Business Financial Services, Inc., joins us to discuss his career, accomplishments, advice for entrepreneurs, and provide his perspectives about investing, risk, and his next chapter in life. Listen to this episode of the First Business Bank Podcast for a dynamic conversation about facing challenges and finding joy with an entrepreneurship and investing expert.
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The ongoing manufacturing workforce shortage calls for smarter ways to increase capacity without adding staff. When strategic investments in automation are planned thoughtfully, they help manufacturers improve output, efficiency, and employee retention as they upskill their workforce. WMEP Manufacturing Solutions shares keys to success when implementing a multi-faceted automation plan.
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Commercial real estate trends shifted faster in the past three years than perhaps the previous 30. Whether you’re wrestling with a long-term lease, downsizing, or designing new office space, you’ll want to tune it to this episode of the First Business Bank Podcast for timely, expert input about work-from-home (WFH) and hybrid work trends and their effect on offices, trends in creative and collaborative spaces, different commercial real estate lease options, and much more.
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