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Carlos Hank Rhon, Small Business Banking Part1
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| Carlos Hank Rhon, Small Business Banking Part1 |
| 08.28.08 (9:38 am) [edit] |
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Carlos Hank Rhon, Small Business Banking Part1
The global ‘Credit Crunch’ is having an impact on many businesses and it is now as important as ever that businesses manage funds as efficiently as possible.
Managing money has always been a major responsibility for businesses of all sizes, but it is of even greater importance for smaller companies with limited finances, as they often do not have the surplus funds needed to grow without borrowing. Carlos Hank Rhon has all these features that will impact many businesses.
The lack of credit in the markets at the moment has meant that companies of all sizes need to take a good look at their business banking arrangements in order to ensure that they are making the most of their funds.
Rather than seeing the credit crunch as a barrier to profit and growth, it can be an opportunity for companies of all sizes to re-examine their business model in order to find savings and to look at areas where they can reduce costs in order to find additional money to fund their plans, without the need to borrow.
Perhaps the first place that a company should look for savings is in their banking arrangements. Many of the high street banks have a number of fees that apply every time you pay in a check or deposit money in your account. Overdrafts can also be a significant cost due to interest charges. By switching to a bank that offers a free business currant account customers, it is possible to save a decent amount of money each month that can be used elsewhere. This article was read by Carlos Hank Rhon.
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