Business Growth in North Carolina

I just read an article on the Hearldsun.com website by Andy Pittman of ShelfGenie.

He said:

There are nearly 900,000 small businesses in the state that employ 1.6 million people — or almost 45 percent of the entire workforce. So, as these entrepreneurial endeavors succeed, so does North Carolina and all of its residents.

Then on the The Economic Development Partnership of North Carolina website I read that as of this month,

North Carolina ranks No. 4 in the nation among the top-performing states in Chief Executive magazine’s 2019 Best and Worst States for Business survey.

in part due to many diverse business types.

Then I read a story on Business NC website about a growing residential air filter subscription business, led by two ex-N.C. State University students with over 130 employees today, and their future innovations designed create a Rukus in this typically thought of commodity business.

My point of sharing these three stories is to remind us all that North Carolina is the home of lots of fabulous business opportunities, some visible, some yet to be discovered.

What do you think of the business opportunities in North Carolina?


Norwood Teague

NC CEO Summit Speaker Addition – Neal Fowler

This article originally published on Business North Carolina.

The Executive Board of the NC CEO Summit is pleased to announce the addition of Neal Fowler to its speaker lineup. Fowler, CEO of Liquidia Technologies, will speak on the lessons learned while building his Research Triangle Park-based company. Its primary mission is to transform patients’ lives with precise drug particles.

Liquidia raised more than $50 million last July in an initial public offering and its share price has increased more than 80% since then. Fowler will also discuss how collaborations with universities help drive innovation and growth in North Carolina.

Peer presentations by influential CEOs will be a special emphasis at this year’s Summit. “More of our CEOs and Presidents want to hear from their North Carolina peers,” says Executive Board member Heather Denny of Wells Global. “This seems to be where they learn the most and the presentations they find most informative.”

Neal Fowler joined Liquidia in 2008 after seven years in an executive leadership role at Johnson & Johnson. At J&J, he served as president of Centocor, Inc., a multi-billion- dollar subsidiary.

Prior to Centocor, Fowler was president of J&J owned Ortho-McNeil Neurologics Inc. and vice president of the central nervous system franchise at Ortho-McNeil Pharmaceuticals. He also had a 13-year career at Eli Lilly and Co. Fowler received a B.S. in Pharmacy and an MBA from UNC-Chapel Hill.

The NC CEO Summit, held April 1 & 2 in Pinehurst, features a day and a half of networking, collaboration, and learning for North Carolina CEOs and Presidents.

To learn more about this event, please visit: businessnc.com/ceosummit.

Please follow or connect with me on LinkedIn if you want to see what I am sharing and engaging on there.


Norwood Teague shared article

Norwood Teague starts Blogging

Norwood Teague Blogging

Norwood Teague starts Blogging

Yes, I know I’m not the best writer. That’s why I have people help me check my spelling and grammar before we post our big articles.

However, I really like interviewing people and getting the story and sometimes the back story to big local business stories.

I’ve been writing for Business North Carolina during some of the events I’ve done work on and now with my own Blog,

I’m hoping to keep the stories coming.

Follow me at Business North Carolina, my LinkedIn Account and here on my own Blog.

Norwood Teague Blogging

OK – Yes, I’m not writing with a pen. I’m really using the keyboard.

However, it’s still writing. Right?

 

 

Please follow or connect with me on LinkedIn if you want to see what I am sharing and engaging on there.


Norwood Teague

Norwood Teague using Twitter

Norwood Teague on Twitter

Norwood Teague on Twitter

I joined Twitter back in November 2018 and now I strive to look at it daily.

I discovered following people like Seth Godin Business North Carolina and even my social media coach Teddy Burriss and many others gives me lots of different insights into business and what’s going on in the world that I am interested in.

Norwood Teague on Twitter

Come on over to Twitter and join me there – Norwood Teague Twitter

I’m sure you’ll find interesting content and conversations on Twitter.

Share some of your own and take a look at what my Twitter followers are sharing.


Norwood Teague

Norwood Teague Interviews Jim Holmes for CEOSummit 2019

Norwood Teague Interviews Jim Holmes

Norwood Teague Interviews Jim Holmes

I enjoyed my time interviewing Jim Holmes of Sentinel Risk Advisors in late December 2018.

We originally posted this article on the Business North Carolina website and shared it on LinkedIn.

Here are the 9 questions I asked Jim:

Why did you open Sentinel?

Sentinel was born out of what I observed as a weakness within the insurance industry.

Through consolidation, things were becoming too transactional. Instead, it needed to be driven by a strong value proposition, and buffeted by intellectual capital and a world-class customer service platform. So, we sought to hire the best and the brightest, and build a service platform to compete with large and small alike, but at every interaction with every client, drive value.

How has Sentinel evolved since its founding?

Certainly, we are much different than when we started. Our talent is much deeper at every space. For instance, we have developed our loss prevention platform, our claims platform, and our thought leadership platform. Also, we have attorneys working in numerous specialty areas, and we have five offices in two states. It has been a great ride and we have had a lot of fun.

Is hiring challenging?

We are very intentional. Essentially, we run two strategies as we recruit within the industry, and out of the industry. Does it require meeting a lot of people to hire the right people? Sure, but that is part of it. We work very hard at “being out there.”

Tell us about your leadership style?

I am a big fan of hiring really smart people and getting out of their way. My job is to support what they do, not drive what they do. We come up with goals and objectives collaboratively as a firm and then I help and support.

What is your typical day like?

I believe strongly in the power of partnership. My rule is breakfast, lunch, or dinner with a prospect, a client, or a center of influence. My days, thankfully, have shifted to the things I enjoy the most. We have recently hired a talented CFO, which keeps me away from spreadsheets. I spend three-quarters of my time on the thing that I enjoy most, am best at, and derive the most value from—and that’s building relationships.

What is your main approach in client relationships?
We need to know the right solution, keep up with market changes, and give clients strong advice and council, but that is the transactional part. The value proposition we bring is to dig deep into someone’s business, spending time understanding the nuances of their enterprise and helping them structure their transactions to mitigate their risk.

Do current clients provide a lot of your prospects?

Our clients are our partners, and we are fortunate that they feel that way, too. So, yes, we do get a lot of referrals from existing clients. Our strategic partnerships—centers of influence, for instance—have also played a critical role in growing Sentinel’s brand and business. But candidly, we’ve also built the business the old-fashioned way; writing letters, getting on the phone, networking, etc.

What else sets Sentinel apart?

Several things set Sentinel apart. While most in our industry compete on how well they can place your insurance, Sentinel is working to position your business for success. At a time when other providers are moving toward automation and an impersonal service platform, Sentinel is elevating our service commitment to uncompromising standards. It’s a seismic shift in approach; from merely delivering tactics, to setting forth strategy.

What should we be paying attention to?

This is an interesting question because there is a transition occurring. In Raleigh, and I think in North Carolina in general, the “old guard” is cycling to the new. I would say that the names of yesterday will likely not be the names of tomorrow.

###

BTW, if you have never attended the CEOSummit, consider joining us – CEO Summit 2019

Norwood Teague CEO Summt

Norwood Teague


 

Norwood Teague begins to use LinkedIn

Norwood Teague

Norwood Teague joins LinkedIn

I met Teddy Burriss a while back while working on #MFGCON18 for Business North Carolina.

Teddy showed me what he is doing with his LinkedIn Profile and I decided I needed to get serious about my use of LinkedIn in my role working with Business North Carolina.

I hope to build out my LinkedIn Profile more and over time grow my LinkedIn Network and begin sharing more business articles through my newsfeed.

Norwood Teague

Visit my LinkedIn Profile. If we know each other, please send me an invite to connect there.

Best wishes for 2019 and beyond.

 


Norwood Teague

My business Blogging Journey begins

Thanks for joining me!

I am going to begin writing articles about the companies I work with, events I participate in and the great people and ideas I discover along the way.

I’m excited about this new endeavor and hope you follow my work here.

Good company in a journey makes the way seem shorter. — Izaak Walton

post

Please follow or connect with me on LinkedIn if you want to see what I am sharing and engaging on there.