Member News

Prepare for Managing Small Business Cash Flow

By: Jeff Kendall, SVP Commercial Banker, Arvest Bank-Tulsa

Cash flow is one of the largest determining factors of a small business’ success or failure. Before a company opens its doors for business, there should be a plan in place for managing cash flow and creating safety nets for times when it’s slow. Every company will experience a lull in sales, late-paying customers, a business contract that didn’t come through, or economic factors that affect the bottom line. When that happens, business owners can be forced to cut costs or secure alternative funding. It’s critical to be strategic with processes and set expectations for customers from day one regarding your accounts receivable policies.   Click here to read more…

 

 

Why Year-Round Pest Control Is An Essential Service

By: Farrah Fulps, Director Of Marketing & Business Development, Arrow Exterminators, Inc.

Just when one thinks 2020 could not get any creepier, despite this year of quarantine and social distancing there are strangers among us that pay no heed to social distancing rules. A study conducted by entomologists (the folks that have a strange love for bugs) about four years ago proved that even the cleanest, tidiest, well-kept homes are full of hundreds of arthropods. The term “arthropod” refers to invertebrate animals having an exoskeleton, a segmented body, and paired jointed appendages (arms, antennae and legs that have joints, like humans, just way more creepy and offensive) and include things like lobsters, crabs, spiders, mites, insects, centipedes, and millipedes. Understandably most homes do not have lobsters and crabs running around, however the worst part of this study was that there were still hundreds of various types of species found in those hundreds of arthropods found in the homes studied.  Click here to read more…

 

 

Knowledge is Power: Are you renting?

By: Vanessa Moctezuma, Realtor, McGraw Realtors

Are you paying rent now? By paying rent you are paying a mortgage, just not yours.

Interest rates are still at a historic low, but not for long so it only makes sense to act now. Stop paying rent! The amount you are paying in rent can easily be used as your mortgage monthly payment. The first step is to contact a Real Estate agent that is experienced, loyal, committed, and passionate about their client’s needs like myself. I have helped hundreds of families achieve their goals of owning their very own home. Click here to read more…

 

 

SBA Funds and EIDL’s

By: Rebecca Olson, President, High Tower Business Solutions, LLC

Tax Saving Tips Newsletter and Our Most Frequently Asked Questions courtesy of High Tower Business Solutions, LLC. Click here to read more…

 

 

 

What should you do if your credit has taken a hit?

By: Liz Stidham, Senior Vice President of Branch Operations, TTCU Federal Credit Union

Sometimes, despite your best efforts, your credit score may take a hit. Whether you got behind because of the COVID-19 pandemic or some other reason, you want to start to take steps to rebuild your finances as soon as possible. After all, your credit score is a key determining factor in what financial opportunities are available to you in the future. Click here to read more…

 

 

Thinking Like an Executive

By: Dr. Roy Wood, Dean, NSU Broken Arrow

Before coming to Broken Arrow, I served in a number of executive-level jobs with the Department of Defense.  The pace of meetings, commitments, and decisions required me to continually work on improving my productivity and time management.  In the process, I discovered new techniques, workflows, and tools to help me do that.  Since many of you are busy executives or entrepreneurs, I thought I would share some of my insights with you. Click here to read more…

 

Five Tips to Avoid Fraud This Holiday Season

By: Barbara Russo, Vice President of Digital Strategy, TTCU Federal Credit Union

Nothing would take the joy out of your holidays quite like being scammed. Here are five of the most common scams that TTCU’s staff have seen lately – and how to avoid them. Click here to read more…