Staying Informed: A Message from a Mentor

I received an insightful article from one of my esteemed mentors, Cheryl Tibbs , that I believe holds significant value for many business owners within my network. It pertains to a recent incident involving the demise of Citizens Bank in Sac City, Iowa, primarily attributed to their exposure in the high-risk trucking industry. While this may not directly relate to every business owner, there are profound insights within this narrative that can be applicable to a broader spectrum of industries.

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In essence, it serves as a stark reminder of the challenges encountered by businesses in high-risk sectors. The article raises critical points regarding the importance of personal credit and financial management. Particularly for businesses in these industries, where securing financing can be an uphill battle, having a robust personal credit profile can be a game-changer. It offers access to financing options that aren't solely influenced by industry norms.

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Additionally, the piece underscores the significance of sound financial management within your business. High revenues alone won't lead to success if they are offset by substantial expenses, especially if those costs involve high-interest loans driven by industry-related risks and personal credit issues.

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This is where we come into play. Our "Business Calibration Program" is meticulously crafted to boost your business's net profit, thereby fostering self-reliance even in volatile industries. The objective is clear - to elevate your net profit percentage to levels that significantly surpass industry averages.

While this article emanates from a specific industry scenario, it resonates with a broader message. In the ever-evolving landscape of entrepreneurship, staying informed and proactive is your most potent ally. Together, we can navigate the complexities of high-risk industries and harness the opportunities concealed within.