Connect Spring 2019 | Page 4

FOCUS PERSONAL BANKING WITH EXCLUSIVE REWARDS FOR OUR LAW FIRM CLIENTS At Sterling National Bank, we can be more than your law firm’s bank; we’re here to help you create your best financial life, consolidating both your business and personal banking relationships for easier access and greater expertise. THINK LIKE A VENTURE CAPITALIST When developing a strategy, don’t tie your company’s future to one single growth initiative—think like a venture capitalist. C ONSIDER A NEW APPROACH to your business strategy. Instead of focusing on a single opportunity for growth, expand your options with a portfolio of possibilities. With a coherent growth thesis in place, focusing on multiple bets rooted in conviction and innovation may yield greater dividends than one large initiative supported by evidence and efficiency. SHIFT YOUR MINDSET. Think in terms of total address- able problems, not total addressable markets. Rather than exposing existing markets, strive to create your own. If you look for potential opportunities by thinking of problems you can solve, the market will follow. “OUR PRIVATE BANKING SERVICES offer individual partners and attorneys an array of benefits,” says Jeffrey Mercado, CFP®, MBA, Senior Managing Director, and Co-Head of Law Firm Banking at Sterling, “from the day-to-day banking convenience of higher ATM limits and unlimited non-Sterling domestic ATM transactions nationwide, to unique estate planning solutions such as life insurance premium financing.” Qualifying firm partners and key management team members may have access to: � Private banking services. The best in everyday banking, Sterling offers private banking clients free incoming wire transfers, bank checks, stop payments, and more. � Personal loans and lines of credit. For lawyers whose firms bank with Sterling, we offer fast decision-making and preferred relationship pricing. � Life insurance premium financing. Sterling provides unique solutions for purchasing the life insurance coverage you need without disrupting your cash flow. MAXIMIZE YOUR LEARNING VELOCITY. Using a portfolio strategy to multiply growth initiatives also ramps up the rate at which you learn. Apply what you learn from each opportunity and soon your knowledge of the industry will have multiplied as well. SEEK A CONVICTION, NOT A CONSENSUS. Instead of looking towards consensus to minimize the risk of failure, venture capitalists know opportunities lie beyond the realm of what’s comfortable and agreed upon. Disagree and commit. Recognize that you’re making a bet on a conviction that might ultimately be wrong and move forward, knowing it also has the potential to be huge. The information contained herein is general in nature and is not intended as tax or financial advice. For more ways to think like a venture capitalist, visit connect.snb.com/ venture-capitalist. 4 LAW FIRM BANKING Read our white paper “Leveraging FinTech for Profitability for Your Law Firm” online at connect.snb.com/ law-firm. SNB.COM // CONNECT STRATEGY SPRING 2019 // RANKED ONE OF FORBES' BEST BANKS OF 2019