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Category: Business Resources

September 18, 2020

Resilient Businesses Have These 5 Strengths

If you’ve built a business or helped it grow, there’s one thing you can take for granted: You’re good at your job. It’s how you’ve gotten this far. But there’s something else you should know too. Amid the economic turbulence and uncertainty surrounding COVID-19, your business’s success depends on far more than your professional expertise. Whether you’re a service provider, farmer, or…

September 18, 2020

5 Ways to Build a Healthier Supply Chain

Sometimes, staying highly efficient can come at a price. That’s one of the hard lessons that businesses learned during the early days of the COVID-19 pandemic, when many extra-efficient supply chains temporarily seized up as a result of reduced manufacturing activity, changing consumer demand, and distribution and transportation delays. Global supply chains are more complex than ever, and they’re designed for efficiency…

September 18, 2020

How Agile Is Your Business?

The marketplace is constantly changing. So when it comes to supporting the long-term success of your business, few things are more important than learning to adapt to new market conditions. It’s all about agility. But let’s be honest: Business owners crave stability. After all, once they’ve developed the skills and products to compete in their market, why would they want to continuously…

September 18, 2020

Business Lessons From COVID-19

When business is good and the economy is humming along, business owners have little incentive to change their operations or strategy. But a new crisis has a way of magnifying existing problems. As COVID-19 abruptly ended America’s longest period of continuous economic growth, weaknesses in many companies’ business models became hard to ignore. Coronavirus-related business shutdowns and other disruptions are expected…

September 14, 2020

Is your Cash Working for You?

The low interest rate environment that currently exists in the United States is a double-edged sword.  On one side, it’s an opportunity for businesses to borrow money at a low interest rate making it easier to expand, purchase equipment or invest in new income earning assets.  But, businesses with a low leverage (i.e. few loans) or strong cash liquidity are penalized with little or no interest earned on the deposits they keep in bank accounts.  The good news is there are opportunities for business owners to maximize earnings on their cash.  Ephrata National Bank has compiled a list of 6 opportunities that could result in your money working harder for you.

July 06, 2020

4 Benefits of Accepting Online Credit or Debit Card Donations – For Non-Profits

A lack of funds to pay for direct expenses is one of the most significant challenges facing the non-profit sector. But non-profit organizations who provide patrons with an online giving option might have a better chance of achieving their annual giving benchmarks. Reducing the time frame between when a donor commits to giving and when they actually give is crucial to successful fundraising campaigns. When someone signs a donor card without providing the donation, there's always a chance they'll change their mind. 

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