Innovation Driven Growth David L. Peterson

It’s time to change public opinion on the role of a banker. It’s no secret that the role of bankers is largely underappreciated and seen as an unexciting career. The truth is that bankers perform an essential service for people and their businesses. We can work to shift the paradigm by highlighting the importance of banking in our business language and shamelessly recognizing ourselves as facilitators of hopes and dreams. Emphasize your value and help change the narrative on banking!
🏦 The general public doesn't appreciate bankers: a little thought exercise for bankers or similarly undervalued positions. 00:57🔶 Financial institutions can change a stale narrative: bankers assist with achieving people's goals and dreams. 03:41✅ Behind each & every transaction is a goal or a dream: there are numerous ways that bankers assist consumers, businesses, and nonprofits in the area they serve. 06:46💡 What if your Facebook posts start to highlight stories of customers who achieved a goal or a dream with the assistance of your organization? 09:18🎉 Over time, we can have more informational and interesting conversations at parties. 10:33
Links:
 Email David: david@davidpeterson.com   
 Connect with David: www.linkedin.com/in/dlpspeaks 
 Learn more about David: www.davidpeterson.com 
 Consult with David: www.i7strategies.com 
 Sail with David: www.i7sailing.com 

You must ensure that you are adequately protected from hackers and data breaches. In the digital age, your company must have the plan to deal with cyberattacks. Working with an insurance carrier that offers coverage that is right for you is vital, and be sure to follow their protection plans carefully. Getting your employees trained and ready to handle the preparation and aftermath of a potential attack is also crucial. Ensure your business is sufficiently protected for your business and your client’s sake.
📋 Insurance carriers should provide instructions regarding the protective elements you need to follow for your insurance coverage to be considered “active”. 02:57✅ You should regularly drill on the Incident Response Plan the same way as you do for a robbery or disaster: there're many elements you should have if a breach occurs. 04:35👉 The type of insurance you purchase is as critical as the policy limits. 09:05❗ It can affect your institution or customers if your "dependent vendor" is breached: do you have the right insurance partner? 10:00
 Links:
 Book Grounded: https://davidpeterson.com/bookstore
 Email David: david@davidpeterson.com  
 Connect with David: www.linkedin.com/in/dlpspeaks
 Learn more about David: www.davidpeterson.com
 Consult with David: www.i7strategies.com
 Sail with David: www.i7sailing.com

Resistance is a formidable opponent to your business, but you can fight back. Resistance is that barrier to all innovation and creativity within your business, it is strengthened by fear and it wants for us to stagnate and do nothing. The key to overcoming this aggressive force is professional-grade virtues like persistence, patience, and a strong dedication to doing the hard work. We can climb the mountain of resistance and make gains in innovation within our business by ensuring that progressional attitudes are adopted and encouraged at all levels of our organization. You can’t afford to stagnate, so take the professional approach and make innovation an essential part of your business.

Building a culture of innovation in your workplace is essential. Thinking tends to be a discouraged activity in the workplace, and maybe understandably so since being engaged in creative thought can look an awful lot like slacking off. Innovation within your business requires creativity and thought, so building dedicated spaces for thinking and brainstorming can promote these activities. Change starts with leadership, so it’s important to avoid using discouraging behavior such as reacting negatively to ideas, even if they seem crazy. Make thinking a valued activity in your workplace!

A failure in innovation can still lead to success. Sometimes when you are on the road to a successful innovation it is possible to create accidental successes along the way. An innovation that didn’t meet the requirements for one project may be a “eureka moment” for another one even years later. Try to encourage even the craziest ideas to be shared and advocated for within your business, because a network of people with individual problems and potential solutions can lead to the next million-dollar market opportunity. Celebrate today’s failures to increase your opportunities for future success!

Stop resisting change and start embracing growth. Most businesses are anchored by established processes and procedures, but could they be more efficient? Innovation is too often thought of as a major undertaking and interruption to reliable strategies. The key is to start small and encourage employees to question established workflows and processes. Removing a tiny inefficiency can save 100s of hours of unnecessary work per year!