4 Ways to Find the Value of Your Business Did you know 98% of small business owners don’t know the value of their company? If you’re thinking about selling or have an interested buyer, understanding the value of your business is important when negotiating the best possible deal. Here are four ways you can calculate your business’s value. 1. Asset-based method The asset-based method… Read More
Western Roofing Goes Beyond Roof Repairs to Support its Community Western Roofing breaks the status quo of your typical roofing company. The longtime commercial roofing business prioritizes community support, customer service, and quality over quick gains. We caught up with Curtis Nicholson, Western Roofing President, to uncover why “doing good” can actually do a business good. 1. Briefly describe your business (what does it provide,… Read More
See How Your Small Business Can Win $5,000 and Promotional Support In partnership with the Phoenix Suns, FirstBank is hosting the return of the Small Business Empowerment Awards. This season-long program is designed to strengthen underserved and minority-owned businesses across the Valley, through financial and promotional support. What are the Small Business Empowerment Awards? What are the six categories and nomination periods? Visit suns.com/empowerment to learn… Read More
10 ‘Good Business Awards’ Winners Making an Impact In partnership with One Valley Foundation (OVF), the Official Foundation of the Coachella Valley Firebirds, FirstBank introduced a brand-new ‘Good Business Awards’ to recognize local businesses making a difference in the community. From custom tile designs to doggy daycare, here are the ten ‘Good Business Awards’ winners and how they’re making an impact. 1. SH… Read More
Rethink Compliance Reimagines What’s Possible for Business Growth With nearly a decade of redefining conventions and creating change, Rethink Compliance—a women-owned and led compliance firm based in Denver—leverages its banking relationship and know-how to grow from a start-up in 2015 to a thriving 41-person company, serving nearly 200 clients internationally. Rethink hasn’t only modernized the compliance industry but is on track to being… Read More
5 Ways Owner-Occupied Real Estate Can Improve Your Cash Flow It’s no secret purchasing property is a time-tested strategy to help build wealth. Owning commercial real estate provides tax benefits, financial advantages, and other perks buyers can use to make a profit. Here’s what you need to know about Owner-Occupied Commercial Real Estate (OOCRE) and how buyers can use this tool to improve cash flow.… Read More
See How This Lone Tree Salon Styles Its Way to Business Success From cut and color to paint and drywall, the Roots and Mane team transformed an old gym into one of Lone Tree’s leading luxury salons. Co-owner Marissa Harmon shares what it takes to plant roots for her family-owned business and how her banking relationship played a pivotal role in securing a space for their business… Read More
7 Ways Banking Relationships Can Accelerate Your Business Growth In 2016, aspiring business owner, Noel Guevara, dreamed of starting his own construction company after dedicating a considerable amount of time to his previous employer. However, this task wasn’t easy. In fact, other banks and lenders he consulted with hesitated to help. But thanks to a relationship he struck up with a FirstBank Officer, who… Read More
5 Tips for Finding and Buying a Profitable Business It’s no secret that starting a new business is hard work, and many aspiring business owners can face challenges throughout the process. According to the U.S. Bureau of Labor Statistics (BLS), about 30% of new businesses fail within the first two years, 50% within the first five years, and 70% within the first 10 years. … Read More
See How Your Product Can Be Named Colorado’s Coolest Thing Made FirstBank has always been an avid supporter and promoter of local businesses and manufacturing companies. This is why we’re especially excited to partner with The Colorado Chamber of Commerce (CCOC) on their Coolest Thing Made contest, which celebrates the state’s manufacturing industry. Fun fact: Over 4,900 manufacturing firms contribute more than $28 billion to Colorado’s economy and… Read More