Many businesses are struggling in this pandemic due to not having good business practices in place. Here’s what your business needs to succeed after quarantine….Read more »
Improve Your Efficiency in Every Aspect of Your Business
Early in March I had the opportunity to present to a group of twelve bankers at a local commercial bank here in Portland, Oregon. I discussed how applying value stream and process-mapping tools to your business can help to streamline processes and procedures and increase efficiency. A value stream is a sequence of events or… Read More »
The Don’ts in Your Banking Relationship
A good relationship with your banker is not only about what you do, it’s about what you don’t do. Avoid these missteps to better cultivate your relationship….Read more »
The Virus Is Changing Our Shopping Lists
I read an article in the April 24th issue of the Wall Street Journal that examined the way that the pandemic has changed not just the experience of grocery shopping but what we buy. It reminded me of a joke I heard recently: I have discovered a new restaurant—it’s called the kitchen. But I… Read More »
Minimize Risk to Your Banker with Succession Planning
Developing a succession plan helps to improve your relationship with your banker by minimizing their risk and protects your business and personal wealth….Read more »
Don’t Let Uncertainty Paralyze You
We are currently facing tremendous uncertainty as a result of the economic impact of a nationwide shutdown of business. This uncertainly about the future creates a great deal of stress and causes us to focus on the immediate situation rather than the broader possibilities that may become available to us. In his recent article for… Read More »
Your Banker Wants a Proactive Approach
Bankers like business owners with a plan. A plan demonstrates that you are proactive and increases the odds of business success….Read more »
How Bank Ties Are Impacting Federal Aid
Several news outlets, including the Wall Street Journal on Tuesday April 21st, have reported about the aid businesses received under the federal government’s Paycheck Protection Program (PPP) and the fact that many of the businesses that received aid were not the ones with the greatest need. It looks as if receiving PPP was heavily influenced… Read More »
Appreciate Your Banker
Because your banker is an important partner in your business success, don’t forget to express your appreciation for them. This builds business relationships….Read more »
Communicate Your Customer Focus
Your banker wants to know how you are focusing on your customer needs because a strategy focused on meeting those needs breeds business success….Read more »