When a baby is born, the mother instinctively takes care of it. She rocks it, holds it closely, and never lets it out of her sight. The baby needs food to survive so she feeds it when it is hungry. With proper nourishment, the baby grows. She tends to it when it needs attention. When it is very young, she spends pretty much all of her waking hours nurturing it. As the baby grows, it begins to develop the ability to stand and walk on its own. The child begins to feed itself without the help of its parents. At this point, the parents continue to teach, guide, and protect as necessary. The parents understand that for the child to grow up to be a well-formed adult, the commitment does not end here; it is a life-long commitment.
Unfortunately, for some families, the child does get neglected. The child is not fed the appropriate nutritious food to maintain optimum health to promote healthy growth. The child has an amazing unlimited potential but is not provided the resources to reach this potential. The child needs the supporting family environment, a good education, and good parenting. On the education front, the child benefits from committed parents, good schools and teachers who take the time to truly know the child and work to help the child grow intellectually. As everyone knows, there will always be significant setbacks along the way, however, the lessons learned from these setbacks along the way are invaluable. These are a necessary part of the growing up process. The goal is to form a well-adjusted self-supporting adult.
The final reward for the parents is to see the child grow into an adult and flourish, benefiting many along the way with good work, service and nurturing skills for others to learn and this generally benefits society!
When you start your own business, the committed business owner instinctively takes care of it. The owner nurtures it and never lets it out of his/her sight. The business needs capital to survive, so the owner funds it and injects capital when necessary. With proper capital, the business grows and starts to stand on its own. The owner tends to it when it needs attention.When the business is very young, the owner spends pretty much all of his/her free time nurturing it. As a successful business grows, through multiple successful completions of its operating cycle, it begins to throw off enough cash to stand on its own and funds an ample portion its own growth. At this point, the owner continues to lead, guide and protect as necessary. These are necessary requirements of the growing business. The owner understands that for the closely-held business to be a successful well-managed company, the commitment is a life-long commitment.
Unfortunately, for some business owners, the business gets neglected. The business is not fed sufficient capital to maintain optimal internally funded growth. The business has an amazing, unlimited potential but is not provided the building blocks to reach these goals. The business needs the support of excellent employees in a supporting office environment, good employee training and good leadership. A business benefits from the assistance of good bankers and accountants and other professionals who take the time to know the owners business and work with the business owner to help the business successfully grow. As all business owners know, there are significant setbacks along the way, however, the lessons learned from these setbacks along the way are invaluable. The goal is to develop a long term successful company.
The final reward for the business owner is to see the business grow into a mature well-oiled machine that flourishes and benefits many including the owners, the employees, the customers, and the general economy!
We can help young business owners become successful long term business owners!
Over the years, at Flagship Bank, we have we have worked with many young “closely-held” businesses and one of the truly most satisfying aspect of our job is to help, assist, and watch young business owners grow into very smart successful and caring mature business owners! We look forward to meeting many more passionate and committed business owners to partner with along the way. We are looking to grow our extended family! You can learn more in our Guides to Business loans and Cash Management.
We have invested in expert people, systems, and industry knowledge that make us a market leader in a field often dominated by very large banks. If you or your Minneapolis/St. Paul Metro Area closely-held business, nonprofit organization, or real-estate company could benefit from a bank that delivers specifically for you, please give us the opportunity to review your banking needs. We are committed to making our clients successful. Your success is our business!
Flagship Bank Minnesota is a Member FDIC and Equal Housing Lender.
