Healthy Financial Habits for My Business | Farmers Financial Focus

YOUNGSTOWN, Ohio — Developing healthy financial habits is important for any successful business owner, and that starts with having timely information for decision-making.

That includes having important financial reports that are important to the business, or management reports that track things such as cash flow or weekly revenue, says Andrew Estock, director of commercial banking at Farmers National Bank.

Estock advises entrepreneurs to maintain a standard procedure in getting that information, such as weekly or monthly meetings with trusted advisers “to make sure that you’re staying on top of where the numbers are [and] being able to recognize trends that can obviously produce opportunities,” he says.

In the latest Farmers Financial Focus, Estock identifies what some of those trends are and how to take advantage of them.

Click HERE for more from the Farmers Financial Focus video series.

Copyright 2022 The Business Journal, Youngstown, Ohio.