When you started your business, did you pick a bank based on convenience because a bank is a bank is a bank, just a place to store money and pay bills?
What if there was a bank leading a movement for women entrepreneurs and all women in business with an entrepreneurial spirit? Would that make a difference?
According to a 2017 study published by American Express, women are opening 1.5 times the number of businesses than men. Over the past 20 years, the number of women-owned businesses has grown 114% and there are an estimated 11.6 million women-owned businesses in the U.S. SonaBank noticed this powerful trend and decided these women deserved more from a bank.
In this episode, I speak with Joe Shearin, CEO of SonaBank, about how the idea for the P.O.W.E.R program came about, why it's become a movement of entrepreneurial-minded women, and the impact of the most powerful woman in his life.
How P.O.W.E.R. got started
The role of the bank's Board of Directors in launching and continuing to support P.O.W.E.R.
The program's key benefits
Why P.O.W.E.R. has become a movement of women entrepreneurs and all women in business with the entrepreneurial spirit
What the future of P.O.W.E.R. looks like
Six tips on making your business successful from 38 years of banking experience
The financial measurement for your business that matters more than revenue growth
The most powerful woman in Joe's life and the impact she's made
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