News & Insights

How to Bounce Back Stronger After a Failed Business Idea

Embracing failure, understanding what went wrong, and using those lessons to drive future success are vital steps in recovering from a setback. The first step in bouncing back from a failed business idea is to accept and acknowledge the reality of the situation. Denial or avoidance will only hinder the learning process. Recognizing that the idea didn't work out is important since it's a common experience in the entrepreneurial world.

Negotiation Strategies for Profit and Customer Retention

For small business owners, pricing is a delicate balance between profitability and customer retention. Mastering the art of price negotiation can significantly impact your bottom line while maintaining strong customer relationships. Let's explore effective strategies and insights backed by data.

According to a study by McKinsey & Company, a 1% price increase can translate to an 8.7% increase in operating profits, assuming no loss of volume. This underscores the significant impact that effective pricing can have on a small business's profitability.

Integro Bank Welcomes Special Guests, Fender Musical Instruments Corporation, for June's CEO Club Event

Integro Bank is excited to announce a special upcoming event for the June CEO Club: "How to Grow and Sustain Your Brand and Client Loyalty." This event will provide a rare opportunity to connect with special guest speakers from Fender, Edward Cole, President of Asia Pacific, and Michael Spandau, the CIO and SVP for Global IT. CEO Club members, business owners, and business leaders will have a great opportunity to hear from a business that has a long history of successfully developing a global brand and creating amazing customer loyalty.

Integro Bank Announces Special Guest Speaker Jack Selby for May's CEO Club Event

Integro Bank announced their upcoming event for the May CEO Club: "The Secret with Capital Access & Not all Capital is Created Equal." featuring guest speaker Jack Selby, a managing partner at AZ-VC the largest Arizona venture capital fund.  CEO Club members, as well as business owners and business leaders, can learn about the importance of capital access and the differences between various types of capital available in today's market.

Revolutionizing Banking: A Journey of Innovation with Thomas Inserra

In this episode of The Modern Banker podcast, they delve into the world of innovative banking and entrepreneurship, gaining insights that transcend traditional banking models. Thomas shares his unique journey from a background in technology startups to founding a bank aimed at revolutionizing small business lending. Discover how his diverse experiences, including regulatory oversight and international work, shaped his approach to banking.

Gain valuable perspectives on the importance of diversity in leadership and the power of technology in transforming banking services. Explore Thomas's vision for the future of banking, including the integration of cutting-edge tools like Integro360 to empower small businesses. Whether you're a seasoned banker, an aspiring entrepreneur, or simply curious about the future of finance, this episode offers a wealth of knowledge and inspiration.

Securing and Strategizing for More Requests for Proposals (RFPs) in 2024

Securing Requests for Proposals (RFPs) is a crucial gateway to growth and opportunity for most small businesses and entrepreneurs. As per openassets.com, RFPs have consistently influenced approximately 30-40% of companies' sales revenue over the past four years. However, navigating the intricacies of the bidding process can be challenging, and it requires a strategic approach to stand out amidst the competition.

Entrepreneurship rates have been trending upwards in the United States for the past 19 years.

The top three challenges in entrepreneurs:

1) Recruiting

2) Inflation

3) Insufficient Capital or Cash Flow.

Empowering Women Entrepreneurs: Taking on Challenges and Shaping the Future

In the last two decades, the number of women entrepreneurs has increased by an impressive 114%. Recent data from 2020 indicates that 47% of women started a business, compared to 44% of men. As of 2023, there are now over 9.4 million women-owned and women CEOs businesses in the United States. This growth is a positive reflection of the increasing visibility of women CEOs and entrepreneurs in various regions.