Limitless’ Post

Sadly this still talks about a "STRONG" risk culture as a good thing. Culture is often the invisible hand that nudges employees towards either prudent risk management or reckless behaviour. Even a BAD risk culture can be STRONG... and in that case the organisation will soon be GONE! A bad risk culture within an organisation is characterised by a lack of awareness, accountability, and proper risk management practices, which can lead to significant negative consequences. For instance, in the case of Wells Fargo's fake accounts scandal, the bank's poor risk culture played a critical role. Employees, driven by aggressive sales targets and a toxic corporate environment, created millions of unauthorised accounts. This behavior went unchecked due to insufficient oversight and a failure to foster an environment where employees felt safe to report unethical practices. The result was severe reputational damage, substantial financial penalties, and a loss of customer trust, highlighting how detrimental a bad risk culture can be. A bad risk culture also drives a reactive rather than proactive approach to risk management, intensifying problems when they arise. In the 2008 financial crisis, many institutions demonstrated bad risk cultures by engaging in high-risk lending and investment practices without fully understanding or mitigating the associated risks. These organisations often ignored warning signs and lacked robust internal controls, which resulted in massive financial losses and required government bailouts to prevent total collapse.

Building a successful business is HARD... Not everybody is built for it, you need to have conviction and the ability to execute your plans in the middle of the storm. Matt Gorgolinski of Big League Talent Co. shares on how passion and drive are his fuel.

A special message from GYLI Founder & Co-CEO, Bryson King. An outline of our Foundational Master Plan as well as the Involvement Intent Form can be found here: https://lnkd.in/gFvaHfkH

"Almost everybody, including myself, once they get into the industry and they’re here for two to three years, wishes that they’d come to it sooner." This quote from Keith Schuler in an interview with Sandy Laycox of Leaders Edge is spot on. Commercial insurance never seems glamourous, or flashy like other industries, but once you get in you never leave. Take a minute to flip through this article, and as always, visit our website ( https://lnkd.in/g7h7yzYX )for more details on how to start a career in commercial insurance.

https://lnkd.in/g337Nw7z The secret of selling, business negotiating, and dealmaking? "People (not spreadsheets) are the epicenter of every deal". Domain knowledge of corporate finance and metrics are table stakes. Minimum building blocks for doing successful deals. The differentiator between ordinary and extraordinary? #Emotionalintelligence, creativity, and flexibility. Listening. Engaged listening. Attentive listening. Being open to possibility. Listening like a jam band musician rather than an advocate. Think Grateful Dead, not a lawyer. Jam band musicians listen to build and engage. They don't have a fixed viewpoint of where tonight's performance of a song should go or has to go. They want to build on what their bandmates (their deal counterparty) are playing and finding valuable right now. Not yesterday. Not tomorrow. Right now. My 5-part You Tube Series on buying and selling businesses focuses on what I call the "EQ of M&A". Based on what I learned selling encyclopedias door to door, following the Grateful Dead, and 400+ transactions. Intended to let folks move from being dealmakers to the elevated category of DealJammers. It would be great if you tuned in. Re-posting this link of the first weekly gig is warmly encouraged. Thanks!! 🙏 #mergersandacquisitions #venturecapital #rockandroll #entrepreneurs #buyingbusiness #sellingbusiness #lawyer #investmentbanker #accountant #Founders Jason Therrien Scott Monaco Scott D. Roulston Kelly Byrnes Jeremy Fiance ✊🏽 Niket Desai Sydney Paige Thomas Hallie Kogelschatz Dean Draznin Dominic DiPuccio Eric Friedman John Nottingham Jason Yanowitz Kevin Czinger Lance Hill Craig Owen White, Partner in Charge, Cleveland Alexander Knight Casey Faddoul

Very happy to share the work that we’ve collaborated on with Marc Morgenstern (he/him) as he provides insights from his book #TheSouloftheDeal. Great work, Marc! Check out his new YouTube channel below ⬇️ #mergersandacquisitions #business #video

The foundations put in place by ACORD and Ruschlikon have been undergoing reinforcement by the London market through the program being developed in partnership with Velonetic. Blueprint Two was the stage of the London market journey (https://lnkd.in/e4wScceR) at which ACORD messaging was confirmed as being a fundamental part of the solution. Chris Newman makes reference to case studies highlighting material benefits, and anyone interested in reviewing those can find them here: https://lnkd.in/ewpFPebi As Chris also notes, ACORD are working with the respective communities to ensure that we end up with one global process. There are a number of ways to engage with the London market initiative, whether to help shape the solutions or to find assistance in preparing for adoption (https://lnkd.in/e3kaWE4F) #RuschlikonSupportsBlueprintTwo

Ambience is part of the deal.

What a day we had on Monday. We had a lovely visit from Deborah Meaden and John from Peters team. It was the first face to face meeting we had since pitching in the Den and it was brilliant productive day. Deborah and Peter have been extremely supportive and we have great plans for 2024. So watch this space. #dragonsden #solarbuddies #businessplanning #smallbusinessgrowth #womeninbusiness #entrepreneurlife

Mergers and acquisitions (M&A) are complex transactions that require careful planning and execution. The process of M&A involves several key stages, from initial planning and due diligence to negotiation and closing. It is essential to understand each step of the process to navigate the complexities of M&A successfully. The first step in the M&A process is to set objectives and develop a strategic plan. This involves identifying the reasons for pursuing a merger or acquisition, defining the desired outcomes, and outlining the overall strategy for achieving them. Clear objectives and a well-defined strategy are critical for guiding the entire M&A process and ensuring alignment with the company's long-term goals. Thinking about selling your company? Versailles Group can assist you in navigating this complex process. Schedule a confidential call with us through the link below. https://hubs.ly/Q02n2XTd0