This may be a simple rule, yet it makes all the difference. Bank all your sales intact. It does not matter how huge or small they are. Many business people are avoiding this, banking rule. But if you want to improve your ability to get loans from the banks or other institutions, creating history is very important. When banks ask you for 6 months’ statements they want to determine your cash flow history. This is what I advocate for; even if it means banking in the morning and withdrawing hours later, please do.

By so doing you are setting yourself up for ease of getting financing in the future. And honestly, as a start-up, this seems like mission impossible, but these are some of the sacrifices and disciplines you need to create when your business is young.

Many people keep on asking me whether it is good to borrow. I come from the school of thought which believes that if your business is genuine (not corrupt), you will need a lot of support from your banks to create wealth. Wealth that has a good foundation. So, rather than getting frustrated during the early stages of your business, keep on doing the right thing.

Eventually, you will be on the right standing and once you get to this level, you will scale your business easily. Remember it has to start somewhere. And as you do this, ensure that you cultivate good relationships with your bank. Truth be told, banking is mainly about relationships. Feel free to comment and ask me anything that is unclear to you. I learned the hard way. Let me make it easier for you! Over to you my great people. Little by little, we will get to the top of our mountains.