DOLLARS AND SENSE
Partner with a
Financial Advisor
For long-term success
Submitted by Westoba Credit Union
Construction and the trades play
an essential role in the health of
Manitoba’s community and economy.
Now, more than ever, business owners
are busy managing day-to-day operations,
estimating jobs and scheduling production,
leaving little time to divert attention to the
financial side of their business. In a time
when everyone could use more certainty,
a professional business advisor can
provide peace of mind that a project will
become a reality – reinforcing a company’s
long-term success.
Proactive partnership
Proactive planning is critical to all
construction projects’ success and long-term
business viability. Unfortunately,
finance planning can take the back burner
as other business matters become a priority,
with owners deciding to get to it when
business “slows down.” Business owners
often focus on production scheduling and
wait until contracts are finalized before
obtaining a financing commitment and
contacting their advisor.
“We see many business owners
contacting their advisor reactively,” said
David Morgan, manager of business
banking at Westoba Credit Union. “By
partnering with you earlier in your project
planning process, we can help you reduce
uncertainties and move through your
project seamlessly.”
This certainty translates to a smoother
and more innovative project process in the
construction industry that leaves business
owners with more time to focus on the
critical day-to-day operations. Essentially,
having a proactive partnership with a
Jacobson & Greiner’s work on the Bellafield development, southwest of Brandon
David Morgan, manager,
Westoba Business Banking
business advisor means fewer delays and
cashflow uncertainties, building a strong
foundation for project success from
the start.
Regular contact
Having regular and consistent conversations
with an advisor is a part of the proactive
partnership equation. The advisor will
want to have regular project updates and
understand the six- to 12-month horizons
to provide expert advice on how to proceed.
“By being involved in the early-stage
planning, we can help take your vision and
start projecting some clarity on how you’re
going to accomplish it,” said Morgan.
An owner might be mid-construction
on a project right now, but what’s next? It’s
never too late for an advisor to step in. They
could provide some essential clarity that
the project needs to move forward with
confidence. With a better understanding of
the construction plans, expected timelines
PHOTO COURTESY OF WESTOBA BUSINESS BANKING PHOTO COURTESY OF JACOBSON & GREINER
BUILDING RURAL MANITOBA | 57