2:11 | Play Now | Eventually you are going to begin thinking like a banker to prepare to meet a banker.
Key Question: "How do I prepare to meet with a banker?"
One of many answers: When your business becomes profitable and is growing, you may find that your cash flow is tighter than ever! You have profits, net income, but no cash. This is because you are increasing your investment in inventory or receivables. One way to ease this situation is to leave the profits of the business in the business to provide the working capital the business needs. Another way is to borrow money from a financial institution.
Boston, Massachusetts: In this episode of the show we take you inside Jet-A-Way, a recycling company for construction and demolition waste, commercial waste, and recycled paper. They are also a transportation company to pick it all up and, then when it is all sorted, to bring it to refinement centers and sanitary landfills. You'll meet Darlene Jeter and her family.
Darlene and her husband have been recognized by their community and by the nation for their achievements.
With over $10 million in sales and 50 employees, this business has been in operation since 1969. Darlene has endured enormous setbacks -- the death of the love of her life, her husband and business partner -- and major swings in the construction business in Boston. It is a dusty, tough industry. There is a lot of heavy metal -- trucks, tractors, and front-end loaders. Darlene not only survives, she thrives with grace and dignity.
Darlene Jeter has tenacity. No moaning, blubbering, sniveling, whimpering or whining; she gets the job done and then gives back to her community.
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