First Bank of the Lake Logo
First Bank of the Lake Logo
FDIC Digital Sign, using the official FDIC wordmark. This digital sign indicates the deposit institution is backed by the full faith and credit of the US government.
Why You Need to Update Your Business Plan

Why You Need to Update Your Business Plan

Don’t Forget to Keep Your Business Plan Up-to-date Your company’s business plan is a living document that can act as a guiding light. In addition to helping you strive for concrete goals, a business plan can help employees and investors alike quickly understand...
Benefits and Drawbacks to Selling Part of Your Business

Benefits and Drawbacks to Selling Part of Your Business

Navigating the Complexities of Selling Equity Owning your own business presents new challenges every day. Some challenges may require unique reactions, including selling off part of your business to a partner or partners. If you’ve considered selling a stake in your...
Strategies to Secure Your Supply Chain

Strategies to Secure Your Supply Chain

The pandemic has and continues to put significant strain on the global supply chain, making security an even greater priority. As you continue to grow your business in the years ahead, you can enact strategies that secure your supply chain and keep the momentum moving...
Determining a Fair Salary Range for Employees

Determining a Fair Salary Range for Employees

It’s no secret that your small business relies heavily on the hard work, dedication, and expertise of your workers. To attract, motivate, and retain these employees who make your company’s success possible, you’ll need to pay them well. Establishing fair salary ranges...
What to Look For in a Third-Party Vendor

What to Look For in a Third-Party Vendor

Consider These Factors When Picking a Vendor As an entrepreneur with a growing business, you may reach the point where it’s more profitable and efficient to outsource some of your company’s operations to a third-party vendor. Since this is a major decision that...