Businesses call us for many reasons but here are two very common reasons why we get called… They are growing and want to strengthen the financial function. OR They are in financial distress and can’t find a way out. Why does a business need to be bankable? What does being bankable mean? In this blog,
This past week, one of my clients met with a banker to develop a new banking relationship. He hands the banker the company’s financial statements, expecting the banker to look at the income statement. Instead, the banker flips to the back of the financial statements to look over the balance sheet. As the coach, I
Recently, I had lunch with our banker. During the meeting, I asked her what she wanted to accomplish when meeting with her customers. She said that she wanted to know the 3 questions your banker wants answered… 3 Questions Your Banker Wants Answered 1. How are you feeling about your business and the local economy?
Business is rarely easy. Even in a growth market, there are still challenges. They are just different challenges than in a recession. Managing the Banking Relationship in a Growing Market In Houston, we are seeing companies who are continuing to grow and generate cash. As they seek to expand their operations and invest in infrastructure, they are running
See Also: Financial Jargon Categories of Banks Finding the Right Lender Funding Source Versus Lender Interest Definition Is it Time to Find a New Bank? Manage Your Banking Relationship In order to manage your banking relationship a key strategy is to establish lines of open communication with your banker. Treat them as your friend instead of an
See Also: What are the 7 Cs of banking Categories of Banks Finding The Right Lender How Important is Personal Credit When Negotiating a Commercial Loan? Bank Reconciliation Choosing a Bank: Which Bank to Choose? I was involved in a speaking engagement recently with my friend, a banker named Larry from Community Bank located here
See Also: Another Way To Look At Factoring Accounting for Factored Receivables Journal Entries for Factored Receivables Can Factoring Be Better Than a Bank Loan? Factoring is Not for My Company History of Factoring How Factoring Can Make or Save Money What is Factoring Receivables What, Where, and When To Use Factoring In order to
See Also: Bankers’ Language is Financial Jargon Categories of Banks Finding the Right Lender Funding Source Versus Lender How to Manage Your Banking Relationship Interest Rate Is It Time To Find A New Bank? I am sure some of you are saying bankers are bankers and you really don’t value the relationship. That is a
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