Every business owner wants abundant cash flow in their business. It’s emotional and practical. Cash is like oxygen. Your business can’t function without it. 

When cash is in short supply, owners become lightheaded, then despondent, then desperate. Cash represents success and lack of it, failure. It’s not a question of “if” cash is in short supply, it’s a question of “when”. What do you do? Many business owners go to their bank for a line of credit. 

If you read my last post, you may remember that 8 out of 10 business owners have a bank, but not a banker. So, who do you go to for banking advice? Your CPA might try. But they know taxes and accounting, not banking. Your attorney gives legal advice, and he didn’t go to law school to give banking advice either. People do business with people they know, like, and trust. If you don’t have a banker that fits this, then it’s time to find one.  

Until then, there are two things you need to ask yourself: “Are you bankable?” and “Are you bank-ready?”. 

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