Module 8b: Your Resource Network Worksheets - Banking
Banks are an essential part of any business operation. Even if you don't need to borrow money initially, you may need to do so as the business grows, and so relationships you can start today will help you in the future. There are a multitude of banking services any business needs, ranging from deposit (checking) accounts to merchant services (taking credit cards), to a whole range of other activities. The average commercial bank offers some 25 services of importance to small businesses. It is to your advantage to learn what they are and which will be valuable to you in your own business. Take the trouble to investigate more than one bank - some banks are much more small business friendly than others. Interview them to help decide who you would like to do business with - you are the customer and they want your business.
Instructions: Visit three or four banks to determine the one most suited to your business needs.
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