New Year’s Resolution For Your Business
By November 22, 2023 Community banking
Each year the arrival of Small Business Saturday also signals that the calendar year is coming to a close and the kickoff to the new year is fast approaching. For small business owners thinking about the year ahead, it's important to connect with your banker as you develop your long-term business planning. That’s where Plumas Bank comes in.
Your banker, just like your accountant, attorney, or insurance agent, is an important member of your business team. Your banker should assist you in creating a comprehensive 12-month and 36-month plan for your business. Plumas Bank is here to provide a range of services designed specifically for small businesses. As a trusted, local, community bank, we understand the unique needs of small business owners.
For many businesses, a majority of their income is generated during the last three months of the year, but they need continued revenue to keep going for the other nine months of the year.
“As we enter 2024, it’s an excellent time to meet with your banker,” says Teresa Courrier, Senior Vice President and Commercial Lender for Plumas Bank. “Look at your 2023 performance and break it down by each quarter to really understand your business cycle. When is the money coming in? When do you have more expenses? Businesses can work with their banker to smooth out that business cycle.”
Make it your New Year’s financial resolution to connect with your banker. Whether you're considering expansion or looking toward succession planning, your community banker is a reliable advisor in actively managing your business.
“Every small business owner needs to meet their banker – whomever that is. If you’re not getting a call back from your banker, you need to find a new bank,” Courrier shares candidly. “It’s essential to have the experts on your team who can support you.”
We hope you supported this year's Small Business Saturday and that you consider supporting the small businesses that make our local economies strong. Contact us if you’d like to meet with a Plumas Bank business advisor about your business needs. We’re here to help.
Related Article: Building a business team? Include these 4 members
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