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Banking on Success: How Giannini Achieved his Greatest Ambitions
Article Overview: He never dreamed of being a banker when he was a child, but today, there is nary a student of retail banking who does not know the incredible story of this determined entrepreneur. A son of poor immigrants, Giannini helped build the first national system of banks for the ordinary person, all the while fueling California’s economic development and inspiring a new generation of entrepreneurs. What were Giannini’s secrets for success?
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Free Download - A.P. Giannini Quotes By A.P. Giannini |
Banking on Success: How Giannini Achieved his Greatest Ambitions
He never dreamed of being a banker when he was a child, but today, there is nary a student of retail banking who does not know the incredible story of this determined entrepreneur. A son of poor immigrants, Giannini helped build the first national system of banks for the ordinary person, all the while fueling California’s economic development and inspiring a new generation of entrepreneurs. What were Giannini’s secrets for success?
Roots: Giannini came from a family that had uprooted itself from its home country in order to pursue a better life in America, and he never forgot it. He had a vision to create a bank that served the very people he had grown up with – the average worker. By refusing to cow tow to the larger banks, and by being willing to take risks on often nothing more than a handshake, Giannini stayed true to his roots in creating a bank for the little guy.
Relationships: Whereas most other bankers at the time had little interaction with their customers beyond what was absolutely necessary for business, Giannini made sure that he developed strong connections with all of his customers. Knowing all of their names and situations, he became involved in their struggles for a better future. It was this characteristic of Giannini’s that endeared him to the ordinary worker, and what caused people to travel outside of their own cities just to do business with his bank.
Priorities: He had grown a small business into the country’s largest bank, but that is not something that would be reflected in his own bank account. From refusing salary bonuses to giving millions of dollars away to charity, Giannini had no interest in pocketing money for himself beyond what was necessary. If profits were a good thing it was only because they could then be reinvested in the business or given back to society. That unique attitude of Giannini’s was what gained him the admiration of all the people he served.
Drive: At present, the Bank of America has close to 6,000 branches that serve one in four American households. If Giannini were alive today, he would be beaming at the realization of his dream. But, in his time, banks were limited to operations in just one city. It was Giannini who pushed the boundaries for state-wide and nation-wide banking, paving the way for the international banking system active in the world today.
Diversification: From the Golden Gate Bridge to “Snow White and the Seven Dwarves”, Giannini’s name can today be found behind many of America’s most famous cultural icons. Where other entrepreneurs were afraid to take risks, Giannini got right in the middle and mixed things up. He supported projects he believed in even when he was unsure of the financial outcome. It was in doing so that Giannini succeeded where no others had.
American Banker Magazine recognizes Giannini as one of the most influential bankers of the twentieth century. Even the U.S. Postal Service issued a postage stamp that bears his portrait. Today, it is not just the working class families that Giannini was willing to give loans to who remember him. Giannini’s impact on the international banking system, the economic development of the U.S., and American culture itself can still be felt the world over.
Lesson #4: Don’t Let Anyone Keep Your Ambitions in Check
Lesson #5: Branch Out To Build Your Base of Success
Lesson #3: Money May Have Much Worth, But It Has Little Value
America’s Blue-Collar Banker: The Early Years of Amadeo Peter “A.P.” Giannini
Lesson #2: Keeping Your Connections to Customers is Key
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Books for Women Entrepreneurs
- There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here.
It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
1. The Old Girl's Network
2. Mother's Work
3. The 7 Greatest Truths About Successful Women
4. Pitch Like A Girl
5. Workplace Warrior
6. Treasure Hunt: Inside the Mind of the Modern Consumer
7. Contingency Planning & Disaster Recovery
8. She Wins, You Win
9. Napoleon On Project Management
10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do
11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years
12. The One Minute Millionaire
13. Talking From 9 to 5
14. Soloing: Realizing Your Life's Ambitions
15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success
16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded
17. Fail-Proof Your Business: Beat the Odds and be Successful
18. Confidence: How Winning Streaks and Losing Streaks Begin and End
19. Women Don't Ask: Negotiation and the Gender Divide
20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen
21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business
22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker
23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business
24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises
25. Net Ready: Strategies for Success in the E-conomy
26. The Promotable Woman
27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it
28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home
29. Secrets of Six-Figure Women
Question of the Week: Who is your favorite entrepreneur of a
- Question of the Week: Who is your favorite entrepreneur of all time?
Mine is A.P. Giannini (Bank of America) - I'd love to hear your favorite!
Re: Alexa Ranking Goals
- Thanks for the monthly update Evan! And congrats to everyone who has gained.
Also, not that I am worried about it, but I am showing my site as under 265,000 right now so that would put me in the Goal Achieved category instead of the gaining momentum!
I'll make my new goal 200,000 for next month.
Re: THE SECRET TO SUCCESS IS ALL IN YOUR HEAD...RIGHT NOW!!!
- Success = Thinking (Head) + Heart (Feeling / Interest) + Hand (doing/ action).
Success - H3
Robert
Re: Need USD 3.3 M to win ROI 120%
- Hello,
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