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  • Will You Add? - Too Much Banking Backdoor Information Flow

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    Most people believe that you can trust your bank. For the most part this is true however, if you are a small business person the chances are that your information is being passed on by loose lips. For instance you might become a topic of conversation at a party where an off duty teller mentions that you are loaded or that your business does not have adequate cash flow. Another instance might be the branch manager or an assistant manager of the branch who discusses your financial position with members of his Rotary club. I have seen this happen before and heard conversations.

    In fact I remember hearing a conversation about me and my business at a party where the other party did not know that I was the business owner. It

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    our information is being passed on by loose lips. For instance you might become a topic of conversation at a party where an off duty teller mentions that you are loaded or that your business does not have adequate cash flow. Another instance might be the branch manager or an assistant manager of the branch who discusses your financial position with members of his Rotary club. I have seen this happen before and heard conversations.

    In fact I remember hearing a conversation about me and my business at a party where the other party did not know that I was the business owner. It

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    s that you are loaded or that your business does not have adequate cash flow. Another instance might be the branch manager or an assistant manager of the branch who discusses your financial position with members of his Rotary club. I have seen this happen before and heard conversations.

    In fact I remember hearing a conversation about me and my business at a party where the other party did not know that I was the business owner. It

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    of the branch who discusses your financial position with members of his Rotary club. I have seen this happen before and heard conversations.

    In fact I remember hearing a conversation about me and my business at a party where the other party did not know that I was the business owner. It

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    In fact I remember hearing a conversation about me and my business at a party where the other party did not know that I was the business owner. It was at a Chamber of Commerce mixer and in they were talking about my franchisee and their financial position with a lawyer and another small business person. There is way too much banking back door information flow.

    But it gets worse, as your business gets bigger you will find that venture capitalists and investment bankers will often pass on information to your competitors, creditors and their potential partners. I remember one time when an investment banker who had invested millions of dollars into my competition's kitty, pretending to be a franchise buyer of our franchise sy

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