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The Role of a Proactive Banker

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24:37
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Keynote Speech-Your mouth makes you your money part 4 4 k video

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Genadek further stresses the importance of an engaged banker, describing them as another critical partner. He suggests that if your banker isn't actively seeking to connect with you or inform you about new financing options, you might be with the wrong bank. A good banker should be proactive in helping you manage your finances, including anticipating end-of-year needs like equipment purchases to line up financing. This proactive approach helps businesses avoid last-minute scramble and make informed financial decisions.

Goal: Understand the importance of a strategic banking relationship.

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sure that you don't just buy a machine because you need a machine you buy a machine because it's 33% of your yearly profit equation Joel you're shaking your head because you get it don't you yes it's 33% your taxes are 33% that's what uncle's saying once and you know I I don't want to give them 33% of my money so at the end of the year if I have to I'll go buy all new equipment buy all the women all the time wait I but three new trucks that you need them but I'm not giving that money to Uncle Sam I'm not doing that I'll find a reason to have that okay because it's your money you earned it take advantage of those tax loopholes start to do it so taxes can be super tricky well I'm just man Josh just raising Harry just h in your palm you got into the palm gosh okay so here's here's what are the three critical people you need on your team in a company that's not aging our block unless your HR black guy happens to be your wife or your husband or something like that you need an accountant that knows your business inside and out that can call you with red flags and warnings before anything comes up they're part of their your partner they're your partner your banker he's your partner he'll tell you about new new financing options out

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