How to Stop Leaking Cash
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How to Stop Leaking Cash

We’ve been discussing how running your business is like following a recipe. You need the right ingredients in the right amounts in order for the dish to come out correctly. We’ve talked about profitability, which is a measure of profit relative to revenue. And we’ve also talked about activity, collecting your accounts receivable and turning inventory. The third ingredient…

How to Talk to Your Banker
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How to Talk to Your Banker

You may have discovered that bankers unintentionally speak a language that business owners have a hard time understanding. I call it BankSpeak. Bankers use terms like liquidity, leverage, profitability, working capital, cash flow, EBITDA and sometimes don’t explain the context or the calculations behind these terms and how they might impact your business positively or…

2 Questions to Ask Yourself Before You Talk to a Bank
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2 Questions to Ask Yourself Before You Talk to a Bank

Trying to get a line of credit? Frustrated with the bank process? You’re not alone. Navigating the banking landscape can be a very time consuming process.   There are two questions you need to answer before you start: Are you bank ready? Are you bankable? What is bank ready? Bank ready is nothing more than being…

3 Red Flag Phrases You Don’t Want to Hear From Your Bank

Bankerese is a language understood by bankers, but is a foreign language to most business owners.  Communication is happening, but the business owner doesn’t understand what’s being said or the implications it has for his or her business.  Often, we step in and interpret.  Here are three of the most important ones to know:

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