10 statements not to make to your bank manager

The latest instalment of my series on 'How to Ruin Your Business', written with Nasser of Business Pulse, features ten things you really should not be saying to your bank manager. Catch up with the previous instalments in the links below the list.

• I don’t do forecasts as they are always wrong.
• One of my staff is worried we are overtrading – what’s that?
• I must get round to filing our accounts at Companies House; we don’t want another fine.
• I’m spreading my credit risk by engaging with a larger number of suppliers.
• I have been so busy I haven’t given any thought to next year’s business plan.
• The next big sale will clear our excess overdraft, unless one of our debtors pays up in the meantime.
• I tend to ignore management accounts as I think our accountants are useless.
• I’ve made some payments. I’ve told my creditors that you won’t bounce them
• I’ve been too busy chasing debtors to return your calls…..
• ……..or the calls from the VAT people.

Part One - Business Plan

Part Two - Leadership Brand

Part Three - Business Partners

Part Four - Networking

Part Five - Business Bullsh*t Bingo

Part Six - Staff Statements

Part Seven - Social Media