A happy, supportive bank manager is one of the secret weapons of a successful business.
And you’ll know how important it is to keep them on side if you have funding in your business. In these times of restricted credit they are easier than ever to upset as they have so many restrictions and hoops to jump through just to keep your funding in place.
Here are the best ways to put your funding at risk!
1) Go overdrawn without asking.
2) Present them with a difficult situation and assume they’ll support you.
3) Make payments that will bounce.
4) Avoid their phone calls.
5) Don’t tell them what’s going on until it’s too late.
6) Make losses they weren’t expecting to see.
7) Get into arrears with HRMC.
8) Send your management accounts in late.
9) Give them rubbish management information.
10) File your year-end accounts late.