Business Strategies Today

You can look to FNB for expertise on the topics and trends that have the greatest impact on you and your business. In Business Strategies Today, experts from across our Company have covered a wide range of subjects, such as making the most of the economic environment, staying the course to innovation and planning for the future of your business.

The Fall 2024 edition features:

Time for Transformation: Tips for a smooth business restructuring
The majority of businesses in the U.S. are sole proprietorships or small businesses with few employees, but growth often demands a new organizational and/ or entity structure. Such upheaval can be complex but advantageous — possibly offering the business new legal and liability protections, tax benefits and avenues for financing. Before, during and after a restructuring, business owners must take care to properly adapt to new circumstances, thereby creating a smooth transition for themselves and any new stakeholders.

Ready to Retire? Ensuring a business and its owner are prepared for what’s next
For many private companies, the most significant organizational shift will occur when an owner leaves the business or retires. In the years leading up to a transition, owners must focus on preparing their business while still balancing their personal needs. But when is a company — and its owner — ready for a business succession?

Coming back from Cybercrime: How to respond after a breach
Cybercrime remains among the largest threats to businesses. In 2023, U.S. companies were hit by just over 3,200 data breaches, impacting the records of more than 350 million individuals, according to the nonprofit Identity Theft Resource Center. While the first priority should of course be to prevent cybercrime, it is equally important to have a plan — along with the proper insurance policy — to respond if a breach occurs. Depending on the circumstances, the response itself can either make a bad situation worse or preserve a business’ positive public perception.

Buying a Franchise: Answer these questions first
Starting a new business can be a daunting prospect. Franchising is a potential option for individuals or groups who want to own a business but are not interested in starting a company or concept from scratch.