Business Checks

If you do what is right you wont loose your business. Too many banks are failing because of them giving bad loans,and favor for special customers. The problem is that the banks are giving bad loans, and opening accts that are not in the FDIC or bank rules or regulations and that will get you into some serious problems. Before a bank is taken over by FDIC, they will do a report and evaluate what is going on with their figures. One bank gave a loan that was for 5 million dollars and the business decided to fold and went bankrupt.

That loan was lost and the bank had to use their capital to make up for it. FDIC wont cover that at all. Even if you have a gurantor to cover the loan, it can still be lost. OK if you do what is right with your business, and micro manage the business great, then nothing can go wrong. I use to work Office Depot. I had a boss that was excellent at micro management, and we won alot of prices for the district, region and etc… Our inventory loss was less than .05 %. WoW that is excellent. OK theirs a catch, when it came to people skills, he didn’t have it. He could really make a customer mad in a matter of seconds. Customer service wasn’t his forte for sure. If you use a great accounting program like, peachtree quantum, what you put in, will tell you what you have.

Treat customers with respect, go out of your ways to do what is right in the company policy. If you bend the rules, ever one suffers. Dont be like a small bank that can loose business because you can and get away with it.