Regents Bank sponsors Renaissance Executive Forum event
Regents Bank proudly sponsored the Renaissance Executive Forums’↗ March event, entitled Scale! A Concrete Road Map to Work Less and Produce More. Approximately 120 attendees, primarily business owners and key executives, heard from David Finkel, an ex-Olympic level athlete turned serial entrepreneur and best-selling author. He is founder of Maui Mastermind®, a business coaching company that helps organizations build their companies to sell, scale or own passively.
David spoke about creating a sustainable business that reduces the reliance on the owner/entrepreneur, in turn creating greater long term value while simultaneously improving the quality of life for the owner. Done right, he says, business owners can grow their businesses while sacrificing less of their time.
At Regents Bank, helping our clients reach their goals means being active in the local business community. We are always looking for new ideas, valuable information and opportunities to present to our clients. Renaissance Executive Forums is an excellent resource for business owners, presidents and top executives to gain advice, support and insight. Our own Executive Vice President, Stephen Friedman is a member of this group, as are many of our clients. Sponsoring an event like this helps us and our clients stay connected and forward-thinking.
To that effect, we’d like to share some of the key takeaways from David’s presentation:
- Shift reliance away from the owner and the management team by building the “Three Legged Stool” of successful management: Team, Systems and Controls
- Focus on “Sweet Spot” activities: Activities that lie at the intersection of Low Hanging Fruit (easiest to implement) and Home Runs (most impactful outcome)
- Recognize and leverage the difference between Control (centralized decision making) and Controls (pre-established parameters for decentralized decision making)
- Free your calendar from lower value activities by utilizing “The Four Ds”: Delete, Delegate, Defer and Design.
We will continue to identify and create ways to support our clients in their pursuit of business and professional growth and look forward to sharing this information with you.
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