You’re in position. Holding the reins. Will you win the race?

Like those who compete in the Kentucky Derby on the first Saturday in May, you’ve put in the necessary hard work preparing for the race ahead. You’ve planned, projected, strategized and sized up the competition, all with the lofty goal of winning the race.

As the year began, you got out of the post early and now as you approach the mid-year mark, do you find yourself leading the pack? Will you cross the finish line and achieve what you set out to accomplish?  Whether it’s minimizing risk, strengthening compliance certainty, reducing expenses and reviewing contracts for additional savings opportunities, boosting profitability and performance, or attracting and retaining the best employees for additional growth, when you have an expert as your guide, the odds of winning are more in your favor.  

Everyone wants to win a trifecta

How long has it been since you re-evaluated your overdraft program strategy? With a fully communicated and disclosed program, you can experience an increase in non-interest income and fee revenue, gain compliance confidence and improve your net operating costs. All while creating additional value for account holders, improving satisfaction and retention. Plus, a program that includes training and employee education will enable staff to communicate the program confidently both internally and externally, and help you stay on pace to win the race.

Are you getting the very best deal from your existing vendor relationships or finding new ones to more than satisfy your needs? To make sure you are getting the most favorable price and service terms, it’s always best to stay ahead approximately 12-24 months prior to a contract’s renewal timeframe for optimal results. And, for a win-win bet, you can be a clear front runner when you have an expert on your side negotiating the very best deal on your behalf. Especially one with a proven track record for finding new savings opportunities.

Do you have the best stable of thoroughbreds in the industry? Do you have a strategy for keeping them loyal and productive for the long-term? When unexpected changes in personnel occur, having a reliable recruiting team can make all the difference. Access to top industry talent unlike any other –  and experience filling C-level to temporary or contract-to-hire positions – can help you to maintain the lead position in your market. Be sure to look for a resource that can help you develop the best strategies and plans to keep your team going the distance.

With these pieces in place, you’ll have the services you need to pull ahead of the competition and win the race before 2018 is through. Now sit back, don your derby hat and enjoy that mint julep…you’ll be all set to win!

Linda Meyer

Linda Meyer

Linda Meyer is a regional director for John M. Floyd & Associates (JMFA). She joined JMFA with 33 years of experience as a sales and marketing professional, consulting with financial ... Web: www.jmfa.com Details

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