Invisible Insurrection
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Creating Growth Opportunities

May 24, 2009 by · Leave a Comment 

You know, nobody enjoys to think that they might fail. A leader though, should not even think about it. Still, in the real world, you should know that if you want to grow as an individual, failure is something that you go through and learn from. If failure is followed by insight and thought, you can grow and learn from it.

When there is recession, in times when businesses are closing and a lot of people lose their jobs, you should find ways that are less traditional, which allow you to perform better, both as an organization and as an individual. With the economy being as it is right now, you have a great opportunity to think over and re-evaluate yourself as an organization and an individual.

You can take NASA as an example, and their Sputnik experience. Once Sputnik was launched by the Soviets, NASA really kicked it off and scrambled to get back on track. The first rockets they launched without people crashed and burned. Still, they continued to work on it and eventually they were the first to step foot on the moon.

If you want to make sure you’ll regroup once you failed:

• Find perspective. Find out the failures of the past, like the early blunders that NASA made, or Edison’s and Bell’s disappointments. Your workers should be reminded that on the road towards success you will find failure.
• Examine the lessons. What I like about failure is the fact that it teaches you lessons. Remind yourself in the future, about the lessons that you learned.
• You should recognize the contributions of others. A lot of your workers have put as much hard work in that failure as you did. Their efforts should be praised and recognized.
Think about the successes of the future, learn the lessons of your failures and keep working.

Focus on franchise value

May 24, 2009 by · Leave a Comment 

Last fall, the Texas Bankers Association adopted the mission statement “Mapping the future for the financial services industry.” The TBA Board of Directors and staff, led by President Rick Smith, are poised and ready to take on the goals and objectives that will help us map the future of the industry.

But what can we do as bankers to help map the future for the industry? We need to focus on franchise value, because the value of our banking franchise is extremely important to our stockholders, communities and customers, not to mention our personal retirement plans, salaries and net worth. When competition, regulation and legislation have a negative effect on our franchise values we need to be prepared to act. I heard a statement the other day that said, “A person doesn’t really get involved until an issue gets into his or her pocketbook.” The question is, how deep do these issues have to get into a banker’s pocketbook before he gets involved?

Unfortunately, we see many of our fellow bankers sitting on the sidelines, watching those of us who make the investment of time and money carry the load. It is time that we strongly encourage those on the sidelines to get involved in TBA. I’ve made this one of my top goals as your chairman.

The importance of a larger membership is not just increased dues, but more importantly, a stronger voice to influence these issues that affect our franchise value. Our goal at TBA is to expand and strengthen member relations as well as broaden and deepen volunteer involvement and leadership. In that light, we are looking forward to reinstating a leadership program for young bankers, which will broaden the volunteer involvement and develop leadership for the future.

How would the passage of a state CRA bill, crop duster lien bill or additional burdens of privacy, money laundering and predatory lending bills have on your franchise value? These are issues that John Heasley and Ann Graham have battled or are presently battling in this year’s legislative sessions. They have found that the concerted voice of bankers does make a difference.

Coordinated calls from many of you to the Senate Business and Commerce Committee kept the state’s CRA bill from coming out of committee, and coordinated calls to state representatives defeated the Crop Duster Lien Bill. Our voice does make a difference, and the more bankers involved, the stronger the voice. That is why the implementation of the Team 21 Program will be so important.

Another very effective tool is BankPac. The more people we have investing in BankPac, the stronger voice we will have. Last year, we raised $180,000 in BankPac and our goal this year is $215,000. Needless to say, I am a little embarrassed to compare that to the $800,000 that the realtors raised in the state of Texas. There is no question why we have trouble getting additional home equity legislation passed, when we’re up against greater involvement and larger dollars.

The goal of having every CEO write at least a $100 check was not accomplished last year, but I hope that you will help us strongly encourage those who don’t invest to invest so that we may exceed our goal and continue to protect and enhance franchise values.
It’s time that those bankers sitting on the sidelines get into the game. Needless to say, with the expanded involvement and investment we have a great future of opportunities and rewards because TBA will be there helping us map the future for the financial services industry.

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