Your Business Needs MORE THAN One Bank! Here's Why

Business Owners & Entrepreneurs Podcast with Peter Boolkah | Business Coach | The Transition Guy®

In today’s episode, I’m on a rant! We’ve reached an era where having adequate bank support and an ethical relationship manager might just be a thing of the past. A simple overdrawn bank overdraft can be reason enough for the bank to drop your business. So, as a business owner, when it comes to business banking solutions, you need to protect yourself by spreading your money out and getting financial support for business from different institutions instead of just one.
If you’ll remember, during 2008 or 2009, the banks were in big trouble. This trouble led to an even greater crisis that was felt on a global scale. Across the globe, governments and taxpayers bore the burden of bailing out financial institutions to help them get out of their funk.
Recently, the public has fallen into a situation where many people have been left in awkward economic positions because of the pandemic. It's a well-known fact that many individuals and business owners have suffered significant losses since the onset of the Covid-19 pandemic and its subsequent lockdown periods.
Unfortunately, the banks and financial institutions have failed to return the support in a significant way. For this reason, there has to be a way that business owners can spread their money and not rely on just one bank for financial support for business.
Watch the whole video to see why you shouldn’t do your business banking with just one bank and why you should explore banking solutions from more than one institution.
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CONNECT WITH PETER BOOLKAH:
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http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
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ABOUT PETER BOOLKAH
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Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As busin

CONNECT WITH PETER BOOLKAH:
--------------------
http://www.Boolkah.com
https://www.facebook.com/Boolkah
https://www.instagram.com/pboolkah/
https://www.linkedin.com/in/boolkah
https://twitter.com/boolkah
--------------------
ABOUT PETER BOOLKAH
--------------------
Peter Boolkah (AKA The Transition Guy) is the World’s #1 Business Transition Coach whose main passion in life is to work with talented and high performing business owners who are in the process of creating exciting, high growth businesses.
Peter helps you to navigate and transition through the crucial growth pains that all growing businesses experience making it as painless and exciting as possible.
It is important to remember that businesses do not just grow and develop on their own, it is up to us and our teams to make this happen by making every day purposeful.
As businesses grow some parts of the journey will be easier than others and most owners do not have all the answers. Starting a business is one of the most exciting things we get to do and we all have aspirations of achieving great things. In fact Peter is yet to meet someone who started a business with the intention of failing.
Peter’s ultimate life goal is to inspire and empower over 100,000 Entrepreneurs to create long term thriving businesses resulting in the creation of 1,000,000 jobs.
So if you are scaling up your business, you’re in a bu...