Line of Credit = Sleep Insurance in a Recession
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Line of Credit = Sleep Insurance in a Recession

Recessions are stressful and challenging for any business owner. Whether it’s your first recession or your second, third, or so on, it’s hard to know how to prepare for the worst and whether the plans you’ve made will help or hurt. Every business owner deserves to have a company with a strong financial future.  In…

3 Tips to Nail Your Loan Request Meeting with Your Bank
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3 Tips to Nail Your Loan Request Meeting with Your Bank

Growth always requires cash. Whether a business is expanding into new markets, growing their current offerings, or being bought out by current employees or a strategic buyer, funds are always required.  Sometimes a company may have the cash on hand to cover these plans and goals, but more often, financing is needed. But approaching a…

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…

5 KPI’s to Measure the Productivity of Your Business

I’m a big believer in managing your business using your balance sheet first, then your income statement.   However, simplifying that by using KPI’s (key performance indicators) can help you get a quick view of your financial landscape and determine your financial health at a glance. Here’s 5 KPI’s that every business owner should use. These…

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