How To Get Chummy With Your Banker

“How To Get Chummy With Your Banker” from Inc. sheds light on an issue that many small business owners are grappling with - maintaining a good relationship with their banker in a tumultuous economic environment. From our perspective, the most important aspect of the relationship is communication. That means sharing  both the good and bad news, on both sides of the equation - the banker and the business owner.  If you build a relationship with your banker and treat them as a trusted advisor, assuming they are the type who wants to help, it will be easier to communicate the bad news and work through challenges.  The banker also has the advantage of working with many different companies and industries and can share insight which may be able to help a businesses specific situation. The lesson? Maintaining an open and honest relationship with your banker will allow him or her to provide you support and solutions during difficult times and be proactive in identifying ways to help you grow when times are better.  The banker/entrepreneur relationship is like any other - one based on trust and integrity will prove to be more successful.