Your banker wants your business to succeed, and so they want to see your business engage in good business practices. Your banker knows that these practices pave the way for success, and it boosts their confidence that your business is going to reach its targets.
EXPERT TIP | Gary Furr, Organizational Development Consultant:
Bankers understand good business practices and can easily recognize when a business has them in place or does not. As a business owner, it’s essential that you have a clear strategy for your business, a vision of where the business is going, and a plan to bridge the gap between your current state and your desired future. It is also important to have documented processes and procedures of how the business runs day-to-day.
A number of bankers reported seeing many businesses running by the seat of their pants. Those businesses have no business best practices in place to create standard operating procedures on how work gets done, and as a result they have inconsistencies in operations. Bankers know that a well-run company with good processes and procedures will help the business generate a greater profit margin, thereby reducing their risk. They know what to look for when looking at your company.
With over 40 years of C-level business experience and an MBA in organizational development, I am uniquely qualified to help you achieve success in your business. Give me a call to set up a free consultation: 503-312-3145.
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Make Your Banker Happy
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