OUR BLOG

Written by Carolynne Walker, Managing Director, Kasvu Inc. for Lexicon Bank Click here to learn more about Kasvu Inc.   Practical guidance for growing businesses considering their next financial leadership step Many business owners find themselves at a crossroads: their company is growing, financial complexity is increasing, but they’re unsure if it’s time to invest […]

Written by Carolynne Walker, Managing Director, Kasvu Inc. for Lexicon Bank Click here to learn more about Kasvu Inc.   Studies of small businesses reveal a concerning trend: many operate without working budgets. Most skip monthly financial reviews, lack dedicated financial controllers, and miss the game-changing benefits of variance analysis—comparing actual results to planned goals. […]

Reinvesting in your community sounds great, but how does one really put that into action? If you’ve ever wondered if it matters where you deposit your hard-earned money, it does. Not only does banking locally support small businesses (community banks fund more than 60% of small business loans and more than 80% of ag loans), […]

Written by Carolynne Walker, Managing Director, Kasvu Inc. for Lexicon Bank Click here to learn more about Kasvu Inc.   Every business, whether a manufacturing plant, retail store, or service provider, experiences the same fundamental challenge: managing the timing between paying expenses and collecting revenue. This timing difference creates what we call the working capital […]

The financial landscape is evolving rapidly, and digital wallets are at the forefront of this transformation. Once considered a consumer-focused convenience, digital wallets and payment platforms are now making waves in the business banking world. From simplifying transactions to enhancing security, these technologies are challenging the dominance of traditional accounts. But does this mean traditional […]

Expanding into international markets presents exciting growth opportunities for businesses, but it also introduces a host of challenges, particularly when it comes to cross-border business banking. From navigating regulatory compliance to managing currency exchange risks, businesses must address several complexities to ensure smooth financial operations. Here’s a closer look at the opportunities and challenges of […]

Starting a business is an exhilarating journey, filled with a blend of excitement and challenges. Among these challenges, setting up a stable banking relationship might not seem immediately critical, but it’s a cornerstone of long-term success. For startup founders, navigating business banking effectively in the first year is essential for keeping financial transactions organized and […]

In today’s digital-first world, the cybersecurity landscape is constantly evolving, especially for high-risk businesses that manage sensitive financial data. Basic cybersecurity tips—such as keeping software updated and using strong passwords—are essential, but they are no longer sufficient for businesses in industries like finance, healthcare, and e-commerce. High-risk businesses need more advanced measures to protect themselves […]

With the holiday season approaching, the excitement of shopping and gift-giving is in the air. Unfortunately, it’s also peak season for cybercriminals looking to take advantage of the increased online activity. From phishing scams to account takeovers, the holiday season brings a variety of risks. By taking a few proactive steps, you can protect your […]

In today’s digital landscape, businesses face a rising threat from cyberattacks, with the consequences of a single cybersecurity breach often stretching far beyond immediate data loss or system downtime. While much attention is placed on direct costs—such as data recovery and legal fees—the hidden impacts on business banking relationships and access to capital are often […]

Securing government contracts can be a significant opportunity for small businesses, especially in Nevada, where the state government actively supports local entrepreneurs. Despite the potential benefits, many small business owners remain unaware of the processes involved in obtaining these contracts. This article provides practical tips for navigating the often-complex landscape of government contracting, giving businesses […]

In today’s unpredictable economic landscape, businesses face a myriad of financial challenges that can impact their stability and growth. With rising inflation, fluctuating consumer demand, and supply chain disruptions, maintaining financial resilience is more crucial than ever. Business owners must adapt to these changes and find effective strategies to manage their finances. Understanding Economic Uncertainty […]