You only sell the bank once.
How can you possibly prepare for that?
You are already feeling there are too many things to focus on that affect our results today.
You’re also thinking I can’t possibly afford to take time away from today to work on a one-time event that may...
When you bring serious people to the table, you are signaling to your potential buyer pool,
“We are serious.”
Your advisor team, your investment banker, your lawyer, and your accountant.
These are the serious people you are bringing to the table.
When...
Your job as CEO is to make yourself replaceable.
You do that by hiring the right people, who can keep the bank running well, without you.
Don’t get me wrong, you have unique and specialized talents like being a visionary, being adaptable, being a motivator, and being a...
It’s when you’re prepared.
Being prepared allows you to be more confident in your decisions, actions, and communication.
You hear athletes talk about the game “speeding up” and the game “slowing down”.
It speeds up when you’re unprepared and...
Today we’re going to focus on who may be interested in buying your bank.
It sounds elementary, but the more people you have at the top of any sales funnel, the greater likelihood of a sale in the end. More than one potential buyer goes a long way in your efforts to getting a good...
Generally, there are 3 possible ways to go to market with your bank:
- The “one-buyer” approach
- The “one-bid” approach
- The “strategic” approach
Today, I am going to walk you through each of the approaches.
The approach you choose matters and your board...
Today, I am going to show you 2 of the smartest ways to address the needs of your:
- Shareholders
- Board of directors
As you move into the thought of selling, your mind will be racing. After all, this is new ground to plow, and you will have this weighing on you in addition to the...
I believe it is human nature for any business owner – it doesn’t have to be a bank owner – to think, “Okay, here’s what we have, what will you give me for it?”
Or, simply put, here’s what I have, what do I get?
There’s a natural...
Today, I am going to show you why you should ignore price-to-book multiples.
Multiples lull you into believing the story of your bank is being written by fate. The story sounds something like this, “As soon as multiples get back up, we’ll take a look at selling.” Or...
