Thank you to Patty Tewes for visiting with our students this morning! It is always fantastic for our students to meet with First Farmers and Merchants Bank as we move closer to banker day! Patty shared about her journey opening a business in Albert Lea early on and her transition into banking. She shared about the her experiences sitting across from a banker for her business loans and what she sees now as a banker. Patty does a great job of getting the students thinking so they feel prepared for banker day. We greatly appreciate her commitment to the CEO Program!
🏦What are expenses you have for your business that you may not have considered?
- Recognition of costs not incurred by students personal such as: stove, kitchen, electricity, etc.
🏦How well do you know your product?
🏦What insurance will you need?
🏦Who is your target market?
🏦How much product do you anticipate selling?
🏦Have you factored materials and time into your pricing?
