Small Business
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Money Management: Self-Employment Edition
March 11, 2021
Categories: Budgeting, Business Banking, Community Banking, Personal Finance, Savings, Small Business
With the flexibility and freedom of self-employment comes the tricky challenge of managing your finances properly. Whether you’re new to the freelancing field or already know your way around the ropes, a quick money refresher is always a good idea. Below are our top money management tips for the self-employed. Have a Plan Budgeting is just as important in your freelance business as it is in your personal life. This may be tricky with the inconsistencies in your income,
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A Six Step Small Business Cybersecurity Plan
August 21, 2019
Categories: Cyber Security, Security, Small Business
You have ventured out to achieve your dream of owning your own business. Unfortunately, there are criminals who aim to take what you have worked so hard for. These criminals aren’t what they used to be, they aren’t standing at your door, but likely anonymous and entering your business from a remote location. It can happen to anyone and this is why it’s important you have a cybersecurity plan for your business. If you are new to the cybersecurity realm, start with this simplified
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3 Keys to Managing Your Money When You’re Self-Employed
September 5, 2018
Categories: Budgeting, General, Personal Finance, Savings, Small Business
If you’re similar to 10 percent of the active American workforce, you are self-employed. Those who enjoy going into business for themselves find a great degree of freedom and empowerment. You have more value for your work, no uniforms, get to choose your customers, not to mention unlimited vacation days. However, these benefits can be quickly overshadowed by the effects of poor money management. In order to make your dream successful, there are certain key habits and skills you should have
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The Lessons of a Lemonade Stand - Teaching Your Children the Fun Way
August 8, 2018
Categories: Budgeting, Family, Savings, Seasonal, Small Business
Warm, sunny weather calls for a glass of ice cold lemonade. Now that the kids are out of school and looking for activities to entertain them, now is the perfect chance to teach them a little about finances. Here are a few quick tips to help teach your children how to be fiscally responsible. Have them buy the materials. When deciding to have a lemonade stand, it is important that your children know the value of money. By having them calculate the cost of the lemonade, sugar, cups, sign, sunscreen
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Web Security for Small Business Owners - What You Need to Know
January 2, 2018
Categories: Cyber Security, Small Business
It’s a typical day for a local business owner, until the click of an email threatens the entire business. Large corporations, small businesses, and as shown in recent days, not even the government is immune to cyber-attacks. Why it’s Important If you’re a small business owner, you may think you are too small for cybercriminals. However, the opposite is true as they don’t particularly care about the size of the data, but the value. If you have customers’ contact
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The Top Tools to Keep Your Identity Secure
March 29, 2017
Categories: Cyber Security, Small Business
Do you know the last time you thought twice about linking an account to your Facebook page? How about the last occasion you created a brand new password that has never been used before? If you’re like most Americans, the sheer number of online accounts you possess could surprise you. While ideally, each account has a separate username and password, many times users find themselves repeating similar combinations or alterations to reduce the likelihood of error. In the world of cyber
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10 Steps to Opening Your Own Business
March 2, 2017
Categories: Business Banking, Small Business
Creating the foundation of your next enterprise can be a challenging process. For everything from ideas to permits, it takes a lot to get a new business up and running. At Bank of Louisiana, we would like to help you make your dream a reality and offer these ten steps to opening your avant-garde operation: Write a business plan. Creating the sound reasoning behind what you want to do and how you want to do it represents the building blocks to a good business. There are many tutorials
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True or False: Catch Me if You Can
November 2, 2016
Categories: Business Banking, Security, Small Business
Starting in 1963, Frank Abagnale began his criminal career. Made famous from the film, Catch Me if You Can, this mastermind of forgery made a name for himself at a young age by impersonating pilots, lawyers, and doctors. Throughout these impersonations, Frank found new and inventive ways to defraud the United States and at least eight other countries. When he was captured at age 21, he had defrauded multiple nations upwards of $1.3 million dollars. After serving five years of his twelve year
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