You can't get along with your bank... do you know why?

There are three essential elements to business: people, goods, and money.
Of these, financial institutions, which are the source of 'money,' are truly like a 'heart that pumps blood' for a company.

So, it's bad if you don't get along with your banker.
I know that.

But—something just doesn't feel right.
They don't really know much about my business, yet they keep spouting complicated theories...
No, it's not that I have such cynical feelings... probably. (Maybe I have a little bit.)

Haven't you ever felt the same kind of frustration?

Financial institutions are certainly in a position to stop the 'blood flow'.
But even they, especially regional financial institutions like local banks and credit unions, would be 'out of a job' without small and medium-sized enterprises.

In other words—small and medium-sized enterprises and financial institutions are 'mutually dependent'..

In fact, the government is also telling financial institutions this.

The Small and Medium Enterprise Agency, the Financial Services Agency, and the Ministry of Economy, Trade and Industry are working together to urge financial institutions to provide 'supportive' assistance and advice.

That is why many bankers genuinely think this:

But in reality, things often don't click.
Why?

The keyword is 'common language (=literacy)'.

Bankers need to make an effort to understand the business models of their clients.
On the other hand, what business owners also need is 'financial literacy'.

In other words,what are banks looking at when they evaluate a company?
You need to know those 'focal points'.

For example, items like these.

• Sales

• Profit (Gross profit, operating profit, ordinary profit)

• Equity capital

• Cash flow

Now then, can you explain your company's current situation with "confidence" regarding these points?

There is no need to fawn over them.
There is also no need to be wary and keep your distance.

What is needed is a "foundation for establishing a dialogue = literacy."

"I talked to them, but they didn't understand"—
that might be caused by a lack of a "common language" rather than a lack of communication skills.

To proceed with a dialogue without being out of sync with financial institutions and supporters,
"minimum management literacy" is essential.

So, is your company's foundation ready?
Why not check right now for the sake of "mutual understanding in management"?

👉 Determine with 10 questions! Will your company survive in 3 years?
Paid article with a checklist to acquire a "common language" between managers, financial institutions, and supporters
https://note.com/kjsol/n/nb0d104b31796