S13E20: Reinventing the banking model for good, with Randell Leach (CEO, Beneficial State Bank)
October 19, 2023
"We're hacking the banking model for good."
We're continuing our season on "business as a force for good", Richard speaks with Randell Leach, CEO of Beneficial State Bank. Randall is also on the Board of Directors of EarthAdvantage, a nonprofit whose mission is to accelerate the creation of better buildings. Randell is personally driven to help people achieve their sustainability and social impact goals by applying innovative business solutions, and is a winner of the 2023 Real Leaders Impact Awards.
In this conversation, you’ll learn:
Why Randell struggled as an entrepreneur - and the lesson to learn from that
The importance of "the first sale"
What happened when Randall let go of his safe corporate career to pursue his purpose
The challenges of building out a concept that is currently non-existent
The practical power of a daily self-assessment.
Resources/sources mentioned:
The Impact Multiplier CEO Podcast(https://xquadrant.com/podcast/)
Beneficial State Bank (https://www.beneficialstatebank.com)
Join Rivendell, the exclusive group of top CEOs dedicated to transforming themselves, their businesses, and the world. Visit https://xquadrant.com/services/ceo-mastermind/ to learn more and take your leadership to the next level.
Ready for a big leap forward in your own leadership? Elevate your leadership forever with the book Making time for Strategy: How to be less busy and more successful. Buy your book here: https://xquadrant.com/time/
For full show notes, head to https://xquadrant.com/randell-leach
Timestamps:
0:00 Intro
07:23 Finding purpose in helping others.
14:45 Overcoming failure, finding resilience, discovering passion.
20:13 Banking model hacked to serve the community
27:03 Challenging to change the existing business model
35:43 Attributes matter, but context is crucial.
In this conversation, you’ll learn:
Why Randell struggled as an entrepreneur - and the lesson to learn from that
The importance of "the first sale"
What happened when Randall let go of his safe corporate career to pursue his purpose
The challenges of building out a concept that is currently non-existent
The practical power of a daily self-assessment.
Resources/sources mentioned:
The Impact Multiplier CEO Podcast(https://xquadrant.com/podcast/)
Beneficial State Bank (https://www.beneficialstatebank.com)
Join Rivendell, the exclusive group of top CEOs dedicated to transforming themselves, their businesses, and the world. Visit https://xquadrant.com/services/ceo-mastermind/ to learn more and take your leadership to the next level.
Ready for a big leap forward in your own leadership? Elevate your leadership forever with the book Making time for Strategy: How to be less busy and more successful. Buy your book here: https://xquadrant.com/time/
For full show notes, head to https://xquadrant.com/randell-leach
Timestamps:
0:00 Intro
07:23 Finding purpose in helping others.
14:45 Overcoming failure, finding resilience, discovering passion.
20:13 Banking model hacked to serve the community
27:03 Challenging to change the existing business model
35:43 Attributes matter, but context is crucial.