Technology & Regulation Changes Will Lead the Way
Horizon Community Bank President Jerry Ernst was recently interviewed for the finance issue of AZbusiness magazine.
What topics were the most prevalent during the interview? How technology and regulatory changes are leading the way forward, even as economic trends and business revenues are up.
“During the recession, businesses quickly went into survival mode. Business owners worked harder than ever before, putting in extreme overtime and making due with less as profits were squeezed.
Now that the economy is improving, they’re beginning to realize it’s possible to ease up on the overtime and begin delegating work. Job creation is growing and production increasing.”
(Flip to page 80 of the magazine to read Jerry’s predictions, along with other local experts.)
“The United States is not an isolated island. The global economy is still fragile, which has an impact on local economies, too. We’re in a slow expansion cycle. Instead of letting go of their cash, businesses should strategically be leveraging their assets.”
It’s a great time to rely on your lending relationships. Meet with your banker, who can analyze your current financial position against where you want to go, and advise you on the strongest financial path forward. Understanding your business helps them uncover opportunities to help you nurture and grow it. Your banker can’t help you if they don’t know you.