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Business Decision Making, Second Edition, 2nd Edition
book

Business Decision Making, Second Edition, 2nd Edition

by Dr. Milan Frankl
January 2019
Beginner content levelBeginner
158 pages
3h 7m
English
Business Expert Press
Content preview from Business Decision Making, Second Edition, 2nd Edition

CHAPTER 20

The Bank Manager Is Not Your Friend

(Do Not Go to the Bank with a Problem)

Vignette: The Bank Letter

One morning, while sifting through my daily mail, I noticed a letter from my favorite bank manager. As the chief financial officer of a medium-sized business, my first reaction was that of surprise. Why would my bank, with which my company was doing business for quite some time, send me a letter? I opened the letter. To my further astonishment, my friendly bank manager with whom I had lunch just last week informed me that my company’s line of credit was reduced from $750,000 to $400,000. I had 2 weeks to comply, or I would lose my entire line of credit.

Why was this happening to me?

Of course, I knew that lately my company had quite ...

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Publisher Resources

ISBN: 9781948976381