Blogs

Economic hurdles are still a major factor for businesses in 2024. Many are recovering from the Great Resignation and employee retention has never been more important for resiliency. On the other hand, many businesses are seeking new ways to streamline cash flow, increase operational efficiency, and retain clients. After conducting compelling research and interviews with subject matter experts, Financial Feed covers valuable insights on the economy, business strategies, and more. In it, you’ll discover: Employee retention strategies that impact the bottom line Business strategies for resiliency...

The professional services sector is a critical component of economic development and productivity. The skills and knowledge of specialized professionals drive innovation and keep daily operations on track across multiple markets. We often assume professional services are safe from fluctuating economic variables—but the truth is, unfortunately, more complex. There are ongoing challenges that plague those working in professional services, and these issues are posing a notable threat to the viability of even the most skilled professionals. By facing these issues head-on and addressing them before...

You’ve invested countless long, hard hours in building a stable, profitable business with a bright future. But negative economic forces can strike at any time, destabilizing your finances and possibly even endangering the survival of your business. This is one of the main reasons it’s so important to build and maintain healthy cash reserves. Cash reserves serve many important purposes including helping business owners meet unexpected expenses while also stabilizing cash flow and easing overall financial stress. This guide to cash reserves explains why it’s so important for a business to have...

Banking partners you can count on to help you achieve growth goals Montana, the “Treasure State” is a place of great beauty from the stunning landscapes of the Rocky Mountains to Yellowstone and Glacier National Parks. Both tourists and new residents, with primary and secondary homes in the area, help boost the local economy, said Tod Petersen, President and CEO of Rocky Mountain Bank, a division of HTLF Bank. Rocky Mountain Bank, a division of HTLF Bank, has nine locations across the state. Petersen manages the operations from Bozeman. “Bozeman is really experiencing growth and even people...

A year ago, a headline “The Recession of 2023 might surprise everyone” would have been prescient simply because it didn’t happen. On the contrary, last year showed surprising resilience and a pace of growth no one expected, despite forecasts of a slowdown or recession by most economists. 2023 was supposed to have been the year in which the economy succumbed to the sharpest increase in interest rates in four decades; tightening lending standards by the banks; and the end of pandemic-era government spending. Accumulated savings from Covid-related shutdowns and receipts of stimulus checks were...