[vc_row css=”.vc_custom_1548289356400{background-color: #bcbcbc !important;}”][vc_column][vc_single_image image=”4884″ img_size=”full” alignment=”center”][vc_column_text css=”.vc_custom_1753495045225{padding-right: 19px !important;padding-left: 19px !important;}”]A well-managed business operates proactively rather than reactively. You need to operate with a plan because without it, you are a potential risk for the bank. Bankers want to minimize their risk. Learn how.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text css=””]
Chapter 9: Be Proactive
It concerns bankers when they see business owners being reactive rather than proactive with running the business. The business owner who does not have a plan or is not following the plan is a potential risk for the bank. Being reactive is when you react to everything that comes your way. Vision and a detailed plans are the guardrails that prevent you from getting lost in being reactive. That is why bankers want to see this kind of planning. They want to know that your actions are being guided by something more lasting than the day-to-day issues and problems that crop up.
Being able to explain to your banker how you will execute on your plan is important. This gives them greater confidence that you will achieve your goals and continue to grow as a company because all great companies have plans. Having a well-run business with a clear strategy and vision along with goals and an action plan that will help you achieve the results you are looking is being proactive. Too many times business owners wait for a crisis to provoke change, but this is being reactive and it does not lead to great results. Do not wait for a crisis; instead, create a vision for the future, set goals, and make a plan of action. Demonstrating this approach in your business gives your banker confidence that you are proactive and will be able to achieve the results you are targeting.
Of course, business does not always go as we plan, but if you are proactive, you are solution focused. Proactive people take responsibility for what is happening and then come up with a plan to correct the situation. Furthermore, your vision and goals help to mitigate the negative impact of unfortunate business developments; they also keep you on track during difficult times. The first habit in The Seven Habits of Highly Effective People by Stephen Covey is ìBe Proactive.î I recommend that you read it for yourself and apply its lessons to your business and to your relationship with your banker.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]
Make Your Banker Happy
10 Keys to Unlocking a Good Relationship with Your Banker
The various aspects of your business are like links in a chain, and your banker serves as one of those links. Because any chain is only as strong as its weakest link, it’s vital to develop an excellent working relationship with your banker, even to the point where your banker is a trusted advisor. In this book, a leading consultant who helps his clients generate dramatic results you will show you the keys to unlocking a good relationship with your banker.
As a business owner, your relationship with your banker is essential to your success. Follow our series on the website and get your desktop reference copy from Amazon.[/vc_column_text][vc_single_image image=”4854″ img_size=”full” alignment=”center”][vc_column_text]
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