What do building and banking have in common? Nearly everything when we are talking about leadership & management. Many of the basic leadership concepts that I have learned in my 30 years in the construction business are the same concepts I put into practice today as the CEO of ConnectOne Bank. Once I shifted into banking, it became very evident that most of these practices were not, in fact, industry specific and could be adapted to fit any business. I recently visited Inc. Magazine to discuss some of these key practices.
What are some of your favorite universal leadership lessons?
Our success at ConnectOne Bank is a direct reflection of the hard work of our team. Our people make our business and I believe that attracting top talent is just as important as retaining it. Creating an exciting workplace, fostering a culture of growth & development, allowing employees to take ownership of their work and be a part of the company’s growth story are what leadership teams need to be doing to attract and retain top talent. While financial incentives are important, investing in these intangibles will make your company even more attractive to both new and existing employees. You can hear more of my thoughts in my most recent video from my Inc. Playback Series.
At ConnectOne Bancorp, we filed and completed our Initial Public Offering (IPO) in February 2013. We were the first bank to do so since 2010, during a time when investing in the financial sector was perceived to be undesirable. Our filing under the JOBS act allowed us to discuss the strategic direction that we envisioned with potential investors and gain their perspective. We took advantage of the “Testing the Waters” option, which allowed us to confidentially talk with institutional investors, get their feedback and refine our presentation accordingly, all before publicly filing our IPO. It is a tool that that every small business looking to go public should utilize. See more of my thoughts and our experience with the Jobs act in Part 2 of my Inc. Magazine Playback Series…
In today’s hyper-connected, high-speed world, many of us are constantly concerned with keeping up with our schedules, meeting goals & deadlines, and trying to cram as much into one day as possible. While long hours, caffeine, and no sleep will give you more time, they won’t translate into more productivity. In my recent visit with Inc. Magazine, I discuss how sometimes stepping away and creating balance can get you much further. While this seems counter-intuitive, it will actually produce positive results. Check out the first video in my Playback Series.
I look forward to hearing about your productivity tips and tricks…
On July 1st, ConnectOne Bank successfully completed our merger, making us one of the largest New Jersey based banking institutions. We are now a $3.1 billion dollar bank with 24 locations across the state. This merger allows us to maintain our community roots while providing us with enhanced scale and expanded resources to serve our clients. I recently visited Bloomberg TV to discuss our merger and the resulting increase in market capabilities it offers. Watch the full interview below!
Today’s post-crisis world is sprinkled with glimmers of economic hope as we witness positive upticks in the auto, retail and construction industries. Economic confidence is on the rise and consumer spending and borrowing are increasing. While this is all good news, small business owners need to be disciplined when developing a growth strategy. In my recent Forbes post, I discuss why common sense is key when planning for future growth. Click below to read my full post.
Recently, I visited Steve Schaefer over at Forbes to discuss the long term effects of the Fed’s decisions to stimulate the economy and what rising interests rates mean for the housing market & banking industry. We also had the opportunity to talk about the future of banking, the growth we’ve experienced here at ConnectOne and what it’s been like operating as a public company. Check out the full interview below.
As we begin the second half of our fiscal year, we are seeing our economy moving in a positive direction. Home prices are continuing to rise, car sales are the strongest they’ve been in 5 years and manufacturing is up. In my recent interview with Larry Kudlow, I discuss the trends we are seeing here at ConnectOne Bank and what is driving our economy forward. See the full interview below to hear my thoughts.
Today, we are seeing the number of banks in our country decline at an average rate of 6% per year. While the economic crisis certainly took a toll on the banking environment, regulation, compliance costs and minimum capital ratios are making it difficult for smaller banks to survive. In my most recent Bloomberg TV interview with Mark Crumpton, I discuss the continued decline in the number of institutions, and what banks will have to do in order to survive.
No one can argue that the past 24-36 months have tested the confidence of small businesses and the ability to regain footing in the current economic environment. The fact is, we faced one of the worst financial crises in decades, and while the media constantly reminds us of the grim past, small business owners need to focus on the here and now. In my most recent Forbes post, I discuss why it is critical for small businesses to operate based on what is actually happening rather than in “hunker down mode”. Our economic landscape is continuing to improve, are you prepared?
You can read my full post by clicking below. I look forward to hearing your thoughts…