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 »
How to Face Uncertainty
Last week I posted an article written by my oldest son, Nathan Furr,* for Harvard Business Review, which you can find here or on my website. Nathan discusses his interview with Nobel Prize winner Ben Feringa, who shares his wisdom about uncertainty. Mr. Feringa says that we need to be resilient in the face of… Read More »
Demonstrate Professionalism with Your Banker
Demonstrating professionalism through respect and preparation will build your relationship with your banker and increase your odds of business success….Read more »
You’re Not Powerless in the Face of Uncertainty
These are uncertain times and the path forward is not yet clear. Many times in business and life we find ourselves dealing with issues outside of our circle of control. How we deal with those issues has a tremendous impact on our businesses and our lives—and even the lives of those around us. One approach that… Read More »
Work with Trusted Business Advisors
Success is not achieved alone. Continuous business growth and success depends on the guidance of a team of advisors with varied expertise….Read more »