The value of being a HUB vendor in Texas – Part 2

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

This is part two of a two part series on being a Texas HUB. See part one.

Topics: Featured, Blog Posts, The Corner Office, HUB

Granting trade credit in 5 steps

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Step 1: Get a Business Trade Credit Application from Your Customer

Topics: Featured, Blog Posts, The Corner Office, Customer Service

Audio podcast: Banks really are lending money

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Chris Bjorklund: Hello, I’m Chris Bjorklund for the Virtual Business Center. Today I’m talking with Ed Lette, chairman and CEO of the Business Bank of Texas. Lots of national news sources, Ed, are saying that banks all over the country are simply not lending money. They’re not making loans. Is this really true?

Topics: Featured, The Corner Office, Podcasts

Increasing fees to address new banking regulations isn't the answer

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

Satirical newspaper, The Onion, recently had a bit of fun with the banking industry and its response to sweeping regulatory changes taking effect this year. In the short “infographic,” The Onion detailed new fees planned by industry big boys, the so-called “systemically important” institutions by the Dodd-Frank Act (more on that in a moment).

Topics: Featured, Blog Posts, The Corner Office, Customer Service, Accounting & Finance

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A 30,000 foot view of risk mitigation

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

As a banker for over 45 years, I think I understand risk. In the case of my industry, I face many different kinds of risk on a daily basis. I am the founder and CEO of an Austin based bank that does business throughout Texas.

Topics: Featured, Blog Posts, The Corner Office, Risk Management

Improving A/R collections

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One of the two ways a business can improve cash flow is by accelerating its collection of accounts receivable (or A/R). This approach works if your business sells to other businesses and extends trade credit.

Topics: Featured, Blog Posts, The Corner Office, Customer Service

Media 2.0 – marketing at the speed of light

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

In today’s fast paced world, marketing has become a tireless job that is ever-changing. In today’s “media 2.0 climate” a business must use the numerous techniques to build and protect their brand including internet, social media, blogs, video, and even audio. So where is a company to begin?

Topics: Featured, Management, Blog Posts, The Corner Office

Ongoing business education is critical to long-term success

by Ed Lette

Business Bank of Texas

Ed Lette is a Founder of Business Bank of Texas. Serving as a licensed CPA since 1983, Ed’s extensive experience in the banking industry has led him to become the founding president of four national bank charters including Business Bank of Texas, N.A., and the chief financial officer of five national banks during his 45 year career. Ed serves as director of the Texas Bankers Association District 4, chairman of the Executive Advisory Council to the School of Business at Texas Lutheran University, and is a life member of the Texas Association of Business.

In my 45 years of banking I have always believed that business owners, CFOs and operations personnel who participate in continuing education are far more likely to have high performing companies than those who don’t.

Topics: Featured, Blog Posts, The Corner Office

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