The relationship with your bank is equally as important as with your clients and suppliers, says Vantage Performance’s Michael Fingland. In this podcast he talks Phil Dobbie through the five steps you should follow to improve your banking relationship:
As the economy struggles, so too are many businesses across the country. Prices are going through the roof and it’s tougher to access funding. Michael Fingland, CEO of Vantage Performance, says if you’re looking for a loan you need to stand out from the crowd. To do that, you need to develop and strategic plan and show the bank that you understand your cashflow and balance sheet.
If cash is king, then working capital is the throne it sits on. Without it, even profitable businesses can stumble. Working capital is the fuel that keeps day-to-day operations running smoothly—paying staff, covering supplier invoices, and keeping your growth engine alive.
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