When I started my CFO and controllership practice back in 2001, I was in for a rude awakening in the world of small business finance. In larger sized businesses, we have the capital structure nailed down, which includes debt financing.
But in the the small business world, here’s what I quickly learned when I started working with CEOs:
- Small business owners view their bankers as investors
- Small business owners expect their bankers to be investors
- Small business owners expect their bankers to take care of their cash flow deficiencies regardless of the circumstances
- Small business owners expect unconditional love from their bankers at all times