Bank on your Banker – Most $Million+ Businesses Do
by SmartSamantha
“Businesses with revenues in excess of $6 million used their financial advisors/bankers as their third-largest external resource.” - RSM McGladrey 2007 Survey of Women Business Owners (WBO)
I realized this long ago to bank on my banker. Together, my personal bankers and I have formed a successful relationship with for many years. Our relationships have provided networking opportunities, business mentoring by sharing best practices, and knowledge of credit opportunities.
There is also a willingness from the bank to offer many credit/banking products—since they personally know my business. My personal bankers from time to time will offer ideas on banking products that might help my business performance—from lines-of-credit, to credit card merchants to express deposit technology.
So don’t just think of your banker as someone who opens up your first corporate checking account or even your first checking account—but someone who can open up future business opportunities!
For more of the RSM McGladrey 2007 Survey of Women Business Owners, click here.
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