Is virtual banking the wave of the future?

Is virtual banking the wave of the future?

Posted On February 24, 2023

What is a virtual bank? And when might one be right for you? The short answer, Megan Owens says, is that it’s a bank that doesn’t have brick-and-mortar branches. And if you’re a small business owner looking for a loan, Owens has just the bank for you. “The way of branch banking is going by the wayside,” said Owens, who works in Mergers & Acquisitions for Live Oak Bank, a completely virtual bank that specializes in Small Business Administration loans. “We see internet banking, virtual banking, coming to our customers’ offices, as the wave of the future.” Owens, our guest… Read More

Categories: Blog, Financial Services, Podcast, Succession Planning, What's Working with Cam Marston

How a plumbing business became a multi-faceted construction and disaster recovery company

Posted On January 19, 2023

How does a small plumbing company become a massive construction and disaster recovery business with about 200 employees, offices in five states and work lined up throughout the Western Hemisphere? In the case of Persons Services Corp., it happened through a succession that was fueled by the new generation adding new expertise to chase new opportunities. Our guest in the latest episode of “What’s Working with Cam Marston,” Buddy Persons, is President and CEO of Mobile-based Persons Services Corp., and Managing Director of Persons Development Company. The company was founded in 1978 by Persons’ father, Paul E. Persons, Sr., as… Read More

Categories: Blog, Entrepreneurship, Podcast, Succession Planning, What's Working with Cam Marston, Work

How Dr. David Bronner rebuilt Alabama’s retirement system, and its image

Posted On July 14, 2022

Dr. David Bronner wasn’t the first choice to lead the Retirement Systems of Alabama when the job was last open back in 1973. He wasn’t the second or third choice. He wasn’t even the 100th choice. But he was the right choice. Bronner, who grew up in Minnesota before coming to Alabama for law school, ended up running the state’s retirement system because neither of the two most powerful men in the state at that time – Gov. George Wallace and Paul Hubbert, then head of the Alabama Education Association – knew who he was. And therefore, after about 160… Read More

Categories: Advertising, Blog, Financial Services, Podcast, Real Estate, Succession Planning, What's Working with Cam Marston

Scott Hunsaker Leads Executives on their Business Exit Strategy

Posted On June 24, 2022

Successful succession planning isn’t just a plan. It’s a process. That’s what Scot Hunsaker has been preaching to his clients for nearly a decade as the Managing Partner of Ardent Group, an organization that mentors business leaders. And he hasn’t just preached it, he’s done it. In 1999, Hunsaker bought the firm his father built – Counsilman Hunsaker, an engineering firm that designs aquatics facilities. He grew the company from one office to five, from 10 employees to 50, and took the business global. Among its projects are recreation centers at the University of Alabama and UAB and Olympic facilities… Read More

Categories: Succession Planning, What's Working with Cam Marston

A Passion for People and Service, Cars are Just the Product

Posted On January 21, 2019

Third generation president of the Joe Bullard Automotive Group, Ty Bullard frankly tells us that he’s not a car guy. Torque ratios? No clue. Horsepower? Unknown. But he knows service, knows how to deliver it, and knows how to lead his team in delivering it. His customers come back because Ty and his team solve their problems, not just sell cars. And his passion for aggressively pushing his company forward is evident in the words he chooses and the energy behind those words. Take a ride with us as we meet Ty and learn what motivates him and what his… Read More

Categories: Automotive, Libsyn, Podcast, Succession Planning, What's Working with Cam Marston

Fewer Family Businesses to be Passed to Next Generation

Posted On January 31, 2017

I’ve written in this space before about the need for succession planning. The long-term viability of your business may depend on it – particularly for family-owned business that want to maintain family control. But PwC’s annual family business survey found a decreasing number of owners who planned to keep their businesses in the family. Of the survey respondents who foresaw a change in ownership within the next five years – admittedly a small number at 17 percent – only 52 percent were planning to pass their companies down to another family member. That’s the lowest number since 2010, according to… Read More

Categories: Baby Boomers, Entrepreneurship, Generation X, Succession Planning, Work

Succession Planning – The Time is Now

Posted On May 17, 2016

The Great Recession of the late 2000s wreaked havoc on most of our plans in some way. Plans to buy or sell a house, plans to fund a college education, plans to move up in our careers to a better job – all had to be postponed, downsized, or even abandoned until the economy started moving again. The downturn also affected succession planning for Baby Boomers, many of whom set aside long-term necessities while dealing with short-term realities. A recent story at cited a 2016 Kreischer Miller report, which surveyed family businesses in Pennsylvania, New Jersey and Delaware, and… Read More

Categories: Baby Boomers, Retirement, Succession Planning, Workplace

Gen X – stuck in the middle again

Posted On August 5, 2014

The numbers show it. And so do the conversations. Generation X is stuck in the middle. In “10 things Generation X won’t tell you” MarketWatch author Quentin Fottrell delivers a fairly thorough assessment of why Gen X is “poor, ignored and jaded.” Gen X numbers roughly half to two-thirds of its generational peers. Depending on whose statistics you use, there are about 49 million Xers compared to 75 million Boomers and 89 million Millennials. No wonder people aren’t paying as much attention anymore. But it’s more than that – Xers have been around a while. They were the thorn in… Read More

Categories: Generation X, Succession Planning, Work, Workplace

Want good Millennials workers? Do good.

Posted On July 1, 2014

Corporate foundations, social responsibility committees, paid volunteer days – these may seem like “nice to haves” to many business leaders. For Millennials in the workforce, however, they are increasingly important to overall interest in working for company and job satisfaction once employed. The 2014 Millennial Impact Report surveyed Millennials about their interests and expectations around cause-related work and charitable giving associated with the workplace. The results indicate that companies that put an emphasis on doing good are more likely to appeal to Millennial workers. It is not enough to give generously – underwriting a board chair position at the university… Read More

Categories: Advertising, Generation Y / Millennials, Succession Planning

Youngest Boomers initiated into AARP

Posted On June 12, 2014

We are almost halfway through 2014, which means that in six short months every member of the Boomer generation will have turned 50. Orange is the new black, 50 is the new 40. So when the membership cards arrive in their mailboxes, these new AARP recruits will be welcomed with promotions aimed at enticing them to enjoy their later years with deals that are anything but old. New benefits include concert ticket deals with Live Nation, among other travel and entertainment-oriented options. In a recent Associated Piece, and AARP spokesperson confirmed this is a shift from as recently as just… Read More

Categories: Baby Boomers, Retirement, Succession Planning
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