John Ellsworth has been very effective in assisting our dairy farm in cutting costs in some key management areas. His company, Success Strategies, is correctly named as he is persistent and diligent in showing us key areas we need to work on.
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Oh, how the times have changed – Let’s face it. The days of the “handshake equals dairy loan” are long gone! Actually, it’s been that way for 25 years. I find it remarkable that some people think that “Old Bob” down at the bank still exists. They simply told Bob what they needed, shook hands and signed one sheet of paper before achieving access to unlimited loan amounts. At least that is how they remember the process. Was it truly that simple? I don’t know because I wasn’t there. What has changed?
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For more great in-depth advice, read our newsletter, The Business Confidence Maximizer!
One of the most common problems faced by many business people today revolves around their ability to obtain the financing they need. This challenge becomes even more pronounced when we are faced with a tight lending environment. It also shows the importance of maintaining a solid relationship with your lender.
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