Business


The Banker

When you open any form of business with a bank, you can usually call upon the training and expertise of its professionals to help you start and build your enterprise.

You should tell him/her about your business idea at early stage. Be as open and cooperative as possible in providing information about the amount you may need to get started, the time period of the loan, the background for your company, and any financial statements you have gathered.

The more information you provide the easier it will be to deal with the bank and receive the desired service. Remember, bankers do not like high-risk situations!

Shop around for a bank and banker with whom you are comfortable. Financial institutions need your business and will generally try to assist you in any way they can. Bankers can help you with operating loans, financing plans, cash management, letters of credit, leasing assets etc.


Make a list of questions to ask your banker, such as the following:

How may I arrange a line of credit?

Who approves the loans?

What are your lending limits?

What is your opinion of the industry I plan to enter?

What advice can you give me with respect to my business plan?


Bankers, too, have a code of ethics they must follow developed by bankers association. There are many government regulations that oblige them to protect privacy and confidentiality of your financial affairs (except for income-tax information to government authorities on demand). It's important to know that if you need to use expertise of bank account manager, you may be charged a nominal fee determined by the amount of time you spend with the account manager.


Related Links:

Using Professionals

The Lawyer

The Accountant

Other Professionals

Market Research

Your Products or Service

Your Customers


The Power of Appreciation

Team work is the best tool for any business. Show some appreciation to your workers. Employee appreciation and personal thanks, whether in a small business or large corporation works magic. Every employee wants acknowledgment and personal appreciation, which is also the best way to keep them more productive, engaged, loyal and eager to contribute. Employee recognition is a powerful tool to create culture of engagement, so don't forget to offer personal thanks to your older team members. For people new in the business, experienced and older team members can provide support and guide every step of the way, if they are motivated.



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Did You Know?

It doesn't take a fortune to sell your products and services on the Internet. It just takes some knowledge of what your customers want and how to find a way to present your sales solution to them.

For business people either selling products or promoting their services on the Internet, the importance of attractive, fast, usable sites can't be overstressed. Much like a counter person or storefront, the appearance and function of a business' website conveys an image of the company to the customer.

Your website is your image on the Internet. That image can either be good or bad, and bad images don't sell. Adhering to a few common sense web design rules can help with the public's perception of your company and increase your sales. Find out more...