Small-business owners often focus on daily operations and miss the need for cash reserves. You need liquidity for working capital, unexpected volatility, and as a safety net. Building a relationship with a local bank and maintaining deposits helps protect your business.
And it's not that maybe you as the business don't have that cash available. You might want that cash for or need it for working capital or just reserves. I'm a huge advocate of liquidity and reserves for businesses and small business owners. So important. You know, yeah, because it's volatile. And so instead of building the business as the product, as Michael Gerber would say, they're building in the business. They're a technician doing the work. Right. And so forth. And so as such, they're heads down. They have a relationship with maybe a local banker who's got their deposits, their main, you know, depository bank account, which by the way is what the bank wants.
