Endeavor Bank recently became a sponsor of Chairmen’s RoundTable (CRT), a non-profit organization with which both President Steve Sefton and CEO Dan Yates have a long history. CRT is a group of highly accomplished executives who devote their time to helping select San Diego companies navigate their business challenges and opportunities.
Faced with strategic ’key’ decisions, CEOs of more than 400 companies have turned to CRT for pro-bono guidance, learning from former CEOs and their vast experience from running their businesses.
What’s the catch with this “free” service?
There’s no catch. There are no costs or hidden agendas associated with CRT’s services. Their interests are simply to help the community by helping companies at a strategic crossroads. CRT mentors agree to strict guidelines regarding their code of engagement with clients. They work with privately held San Diego County companies, whose annual sales are in the range of $2 million to $50 million. The company’s CEO is expected to participate fully. The company must be profitable—not a turnaround situation. They don’t write business plans or seek financing. Their goal is to help a good business become even better.
Whom qualifies to become a client? A CEO and company need to fit the following criteria:
- The CEO is enthusiastic about receiving outside advice and will engage fully in both the sessions with CRT Mentors and the between-session action items they suggest.
- The Company:
- Has annual revenues of $2 million or more (not a start-up).
- Has five or more employees.
- Is privately held.
- Does not already have a strong set of advisors, such as a Board, or the advisors themselves endorse CRT’s involvement.
- Is currently successful and not in a financial crisis.
- Is not actively raising funds or occupied with legal claims and has time to implement new strategies.
- Operates ethically in a reputable industry.
- CRT will consider a company that does not meet all of the above guidelines if it is experiencing explosive growth or can otherwise potentially benefit from CRT guidance.
If you know of any companies that might benefit from this “free” mentoring experience, please let us know. For additional info on CRT, please visit their website: https://www.chairmensroundtable.com/