It Is Important To Choose a Bank That Can Be a Partner For The Future
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Listen to the audio
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In this audio snippet, you'll hear about:
- Important to choose a bank that can be a partner for the future
- Good to have a relationship with your banker because he has a lot of flexibility and power
Audio Transcript
Yosef:
I think this is also really important. There
are different types of banks out there that cater to different types of
markets. I know that in California, per se, where my practice is, you
have banks that are designed to give you free checking with direct
deposits. That's typically for an individual who's working for a
company.
If
you're a small business owner, you should not be banking with those
banks, because those banks don't have the time or the resources to deal
with you. You should go to a business bank. And if you'll listen
carefully to the radio, or to advertisements you'll see, there are
certain banks that are more small business friendly, than others.
Travis:
Wow, that's a really good point.
Yosef:
And it's important to start a relationship early on with those kind of banks.
Travis:
That's true. The more of a personal relationship that you have with a
bank, the more likely that you are to be successful in expanding your
relationship with them in the future.
Yosef:
That's right.
Travis:
Moving on.
Yosef:
One other piece of advice, by the way...
Travis:
What's that?
Yosef:
One of the greatest allies that you can have is a banker on your side,
because bankers have a lot of flexibility and power to help you in
difficult times.
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