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Five Greatest Ideas for Managing Your Bank • 101

can get that will cover your requirements much more than adequately. It has only
one down side, and that is that you have to pay a percentage of the full facility each
year for the privilege whether you take the money up or not. It has several up sides:

• If something goes wrong, it means that you can borrow your way out of the
problem without having to explain everything to the bank manager at the same
time.

• Your bank manger will see your prudence in having a buffer matched by your
efficiency in never having to use it.

• If an opportunity arises where you need to move quickly, for example taking
over another business, the bank would otherwise be another professional you
have to brief on what you are doing. If their role is not changed in the new
circumstances you have saved time and hassle.

• If you have a facility to borrow but are not using it, it might just make you
think about other things that you could do. But if the only thing you can think
of is to buy better cars for the directors, then you may just discover another
downside of borrowing more than you need.