In this series, we’re talking about leadership lessons I learned from banking. Mike was a bank president who I would label as a Squeezer. He had a bank that appeared very profitable, resulting in Mike being promoted to a bigger role. When we examined the bank after Mike’s promotion, however, we discovered that he had produced short-term profits by squeezing ...
With low interest rates and easy credit, many businesses have been piling on debt at a record pace. Any time you borrow money, however, you are presuming that you’ll have the ability to repay that debt. Your cash flow and collateral may be strong, giving you confidence in borrowing money. But what’s often overlooked is that only God knows the ...
A recent article by RevCycle Intelligence states that 80% of CFOs believe that business revenues have or will decline due to COVID in 2020 and beyond. Challenging financial times can cause a business to pivot and realign spending priorities and profit margin. It takes ingenuity to flex a business to be profitable in challenging times. Profit margin is not the ...
Author, Simon Sinek, in his book titled “Infinite Game,” believes that the business world has been stuck chasing what he calls a “finite game.” When business leaders simply chase profit from quarter to quarter, they are chasing a finite solution, rather than a lasting purpose. Sinek contends that what business leaders should be pursuing is what he labels a “just ...
Equipping Others to Do Work Differently
