Bank finance articles and tips

Building Trust

Keep your promises. Holding yourself with high integrity and accountability will build credibility among your team and build loyalty. Build trust by employing people with similar values.

Effective Communication

Working with others is Communication intensive. When we have an understanding of what others are wanting and needing, and they have clarity on what we as a Leader are feeling and what our goal is, it is easier to pull a Team in the same direction, with the same vision and goals. This requires ongoing, open and clear communication.

There's a saying in purchasing that when the inventory in the warehouse is lean, sales is doing a great job. When the warehouse is overstocked, there must be a problem with purchasing. That's the world we live in.

Running a profitable company in this economy is as much about keeping inventory lean as it is about boosting sales. But as everyone knows, that's easier said than done. With demand fluctuations, supplier issues and tightening wallets, keeping the right balance of inventory is tricky to say the least.