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Lee Meyer with The Highlight Reel

October 13, 2023 by angishields

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Cherokee Business Radio
Lee Meyer with The Highlight Reel
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Sponsored by Woodstock Neighbors Magazine

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Lee-Meyer-HSLee Meyer, the Creative Strategist and co-owner of The Highlight Reel, brings a unique blend of creativity, business savvy, and a passion for people to her work. Born and raised in the Midwest, Lee’s love for storytelling and design has been with her since childhood.

As a devoted mother to two teen girls, Lee spent most of her adult life as a stay-at-home mom. However, her curiosity about business and a thirst for knowledge never waned. She immersed herself in learning about entrepreneurship and marketing, fueling her entrepreneurial spirit.

Lee’s creative journey began early, fueled by her background in creative writing and design. Her love for people and their unique stories drove her to connect with individuals and uncover their passions. This passion, combined with her expertise in video production, led her to co-found The Highlight Reel.

With Lee at the helm as Creative Strategist, The Highlight Reel empowers individuals and businesses to share their stories through video. Lee’s keen eye for detail and her ability to capture the essence of her clients’ visions make her an invaluable part of the team.

If you’re seeking a Creative Strategist who brings a Midwest charm and a passion for storytelling to your project, look no further than Lee Meyer. With her dedication, creativity, and a genuine interest in what makes people unique, Lee will help bring your story to life on screen.

Follow The Highlight Reel on Facebook and Instagram.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: [00:00:07] Broadcasting live from the Business RadioX studios in Woodstock, Georgia. It’s time for Cherokee Business Radio. Now, here’s your host.

Stone Payton: [00:00:24] Welcome to another exciting and informative edition of Cherokee Business Radio. Stone Payton here with you this morning, and today’s episode is brought to you in part by Woodstock Neighbors Magazine, bringing neighbors and business together. For more information, go to Facebook and Instagram at Woodstock Neighbors wbvm. And if you have a heart for community and you run a small business, please consider joining our Main Street Warriors movement. It is just so incredibly rewarding to get the small business community here in Cherokee County rallied around other small businesses, helping them and supporting local causes. Please go check us out at Main Street warriors.org. All right, it is time for our headliner. Please join me in welcoming back to the Business RadioX microphone with the highlight reel. Miss Lee Meyer, how are you?

Lee Meyer: [00:01:27] Good morning. I’m doing great. Thank you so much for having me and letting me have this conversation with you today.

Stone Payton: [00:01:33] It is absolutely my pleasure. I’ve really been looking forward to getting you back in the in the studio. We get to see each other quite a bit because you are one of those people talk about a main Street warrior, and this young lady is everywhere trying to help everyone she can at every turn. I can’t wait for you to hear more about her story. But we see each other at young professionals of Woodstock. We see each other at Woodstock Business Club, and I see her in the local stores supporting our local community. I see her at all kinds of events, and you got this fellow that tags along with you now and again too. What’s his name again? Matt.

Lee Meyer: [00:02:12] Yeah, we can occasionally be seen together. Yeah, we are very corny and we like to say we’re business and partners in life. Uh, but yes, we we definitely are seen around town a lot, and we love to support our community. Like, you talk about being in the community and all of those things we don’t. And I really mean this. We don’t ever look at it like, oh, we’re going out and we’re doing all of these things. It’s always a mindset of, oh my gosh, we live in this amazing community and we get to be a part all of these amazing things. We get to walk down Main Street and see our true actual friends owning businesses and not only seeing them own those businesses, but also knowing the backstory of what they went through to get there, or roadblocks that they’ve overcome or support that they’ve gotten from people. And and we receive that same support and love back in many, many ways and support. So when you talk about being out and doing all of those things, it really is a full circle thing that we’re just honestly feel really blessed to be a part of.

Stone Payton: [00:03:16] Well, speaking of backstory, I know to the outside world you guys look like an overnight success at the highlight reel. I mean, you’re just knocking it out of the park and doing such great work, but I’ve been in business long enough to know it probably wasn’t quite that easy or quite that that fast. What is your backstory? How did you find yourself doing this kind of work for for these kind of folks?

Lee Meyer: [00:03:38] Well, it definitely, it’s one of those things that you look back on and you look at the story and you kind of chuckle because you think, oh my gosh, I can’t believe that I landed here. Never, ever thought in my life that I wanted to own a videography business or work in that kind of realm. And fate has kind of twisted things that way. So Matt and I met about two and a half years ago through other business functions. He was actually helping run an IT company. I was running a personal assistant business, and I spent a lot of time around Matt, because I was actually doing some work in the office where he was running the IT company and kind of annoying him to be honest. We like we like to tell that story that like we were really good friends, but it was it was almost like that annoying fun, like picking on each other, messing with each other, you know, and I just he would start sharing some of his passions with me because we did develop a friendship, and I would see his photography and he would do different videography projects for himself, just personally, just for fun things of his family or music events that he was attending. Just things that really were passionate to him. And I saw the work and I said to him, wow, this is really good, why aren’t you monetizing it? You could really do something really great for yourself. And he was like, no, absolutely not. No interest. Don’t want to monetize my passion. I’m not doing it. I’m never doing it. I mean, was adamant, almost like for months this conversation went back and.

Lee Meyer: [00:05:22] For because I really wanted him to do it and I’m annoying like that. So I just kept pressuring him. And finally he got a little annoyed with me and he said, I don’t want to monetize my passions. It’s not going to happen. And I said, okay, fine. So left it alone for a couple of months. And then in January, you talk about in Woodstock and being involved in the city I was attending. I don’t remember the official title of it, but it was basically the presentation for the city for the year. Our lovely mayor, Michael Caldwell, was speaking, and a lot of other folks were speaking from the city just about the path, the budget, what we can expect, what the growth, you know, all these wonderful things that I really highly suggest. If people want to be involved and informed in their community. Joining the Woodstock Group is a really great way to do that, because I learned so much in that meeting. In that meeting, I learned that the city had a budget set aside specifically for other companies to provide them marketing materials, video, photo. They don’t have their own in-house team. They don’t want to. They like to work with other creatives and people from all over, is my understanding. And and I learned that that budget was really substantial. And I just thought, well, I like getting to know people and I like helping people. And Matt does really good photo and video, and I think that we could combine the passion for people with the quality of work and make something really amazing. And it was just, I don’t know if you’ve ever had those moments in life where you think about something, an idea comes to you and you almost get a shudder or shiver.

Lee Meyer: [00:07:04] Yeah, through your entire body and it goes almost bone deep and you just think, oh my gosh, this is something like, I cannot ignore this feeling or this thought or this passion. I it has to come out. So I hightailed it out of that meeting. I mean, I didn’t even stick around and network or talk to anybody, which is very unusual. I called him and I literally we laugh about it because I said to him, I’m not telling you, you have to start a business with me, but you have to start a business with me. Just you have to. There’s no I just feel it. We have something we could make, something really unique, really special, and we could get to help and support people through video and. And just. I just see it, like, come on this vision with me, hear me out. And he did. And he was actually coming around to the idea and becoming all about it. And then what’s funny is I after I got him on board, I kind of froze because I thought, I’m not talented enough to do this. I don’t know anything about video. I don’t even take good cell phone pictures on my iPhone. I take them crooked. Like, what am I doing? Thinking I could run a business like this or have any insight or value. And that’s kind of where it all. It started and then it started also with a ton of doubt.

Stone Payton: [00:08:28] I am so glad that I asked this this doubt thing, and I’ve heard people use the term imposter syndrome when they have begun to achieve a little bit of success and they feel like, you know, I’m going to get found out or something. So it sounds like you really have lived through through that. And I think maybe a lot of entrepreneurs do. Right? They have doubts. And and the key is we, you know, we suit up and show up anyway, right?

Lee Meyer: [00:08:54] Absolutely. I mean, I don’t I haven’t now I’m a couple years into business. I’m still what I consider like a newborn baby in business. But I’ve talked to probably at least 100 people about this. No joke that we have all felt insecurities and we don’t just feel them at the beginning. We don’t just feel them when we’re getting it started, or we’re trying to learn new skills to be able to make this business successful and grow, but they keep rearing their ugly head. Yeah, most of the time for your entirety in that.

Stone Payton: [00:09:31] So how do you get through that? Like how do you push through that?

Lee Meyer: [00:09:35] It’s really hard. It’s not always super successful. Quickly. There have been times where I’ve gone down rabbit holes. Luckily, I am a really big believer in keeping yourself mentally strong, doing things proactive to help aid in that. You know, really taking care of yourself. Reaching out. I’ve learned that community really is more than just having fun people to be around and and people to go eat dinner with and all of these things. I think the reason, one of the reasons why our small business community is so tight is because we really are there for each other, and everybody I know finds a way to somehow finally let that out. Hey, I’ve been struggling. Hey, I’m going through this and immediately you can sense I’m not alone. I know people have gone through this. Oh, hey, here’s some advice. Or hey, here’s somebody that has some insight to get through this part or this obstacle, whatever it is. Or sometimes nothing is wrong at all. Sometimes you’re doing amazing and everything is great. You just have those mind, those mind trips. So oh, that’s.

Stone Payton: [00:10:42] Good to hear that from someone else, right? Let someone else tell you, hey, you’re doing a great job and or to help to to pick you up. I am actively learning a lesson that you that you touched on. For 30 plus years I’ve been in business. I’m terminally unemployable. You know, I have to run. I have to run my own thing, but I don’t. Posturing may be a little bit severe, but I’ve never in that part of my life. I’ve never been vulnerable, openly vulnerable and asked for help and let people know when I really needed help or I was hurting. And I’m actively learning that lesson now as well. You heard me do the live read for the Main Street Warriors program. You’re intimately familiar with the Main Street Warriors Community Partner program. We have here in Cherokee, and I am learning that just tell people you need to help, and particularly in this community, I don’t. Maybe it’s not this way in a lot of communities, but but in Cherokee County, if you tell this group the in Woodstock, anybody here in town? Look, I’m trying to do this. I need some help. I mean, these people will rally around you to help. They they.

Lee Meyer: [00:11:50] Will. It’s shocking, I mean, it, I still I talk about it all the time. I’m very corny. And I also call Woodstock and Cherokee County like my slice of Mayberry, because growing up, you know, I grew up in small town Indiana. There wasn’t a lot of opportunities. There certainly wasn’t the community like we have here or, you know, anything close to that. And I just have never I’m in my mid 30s now. I have never had the kind of support or solidarity that I see, and not just for myself, but I see, like you said, for everybody and it. Yeah, I like to think there’s probably a lot of communities that are really wonderful and do amazing things. I just think Cherokee County is just is this special bubble. And you talk about vulnerability and learning that. I think what I’m realizing, especially in vulnerability, can relate in personal and business and marketing, even people really relate to and connect with people that they can empathize with their problems or their pain or, you know, it’s just a really great connector. So when you can be authentically vulnerable, you I have found that that is breeding some of the most, deepest, intimate, best connections that I’ve ever found business, personal, whatever it is. But it’s very hard. It’s very hard to do well.

Stone Payton: [00:13:13] It’s an ongoing process. So, so, so I’m learning. So now that you and Matt and your team have been at this a while, what are you finding the most? Rewarding about the work. What’s the most fun about it for you?

Lee Meyer: [00:13:28] I think we both have similar answers and a little bit different. Obviously we’re very, very different people, so we enjoy a lot of different aspects of our business and some combined. But I would say one of the biggest things for us really, is that we get to work really closely with small business owners. It’s just always been a big passion of ours. We just love the thought and the determination and the grit behind it and learning the stories, the cool. There’s always a story. That’s the really cool thing about business. It’s not just business, it’s dreams. It’s stories. It’s, you know, sometimes family lines of things. It’s wanting to do good. It’s wanting to put something out for things, you know, generations to come. It’s all of these really deep, meaningful things that go beyond, oh, I have a business and I want to sell you something. Help me know whatever that means. It’s it’s just a really deep thing for us. So definitely our small business community. And then something that we didn’t set out to pursue, but we got called to do is a lot of nonprofit work and not just donating, which we do, but also partnering with these folks and providing valuable content and being able to use video for good, being able to tell people’s stories and raise awareness or raise significant amounts of money to help them, you know, support this cause and be able to support others. I just last year was the first time we got to be heavily involved.

Lee Meyer: [00:15:00] Specifically, there’s a local salon, 313 salon and Spa. Every year they host an Angels of Life celebration, and that’s because their owner is a two time organ donor recipient. And so and they’re just in Woodstock, right down the road. And to give back, he really wanted to start a foundation that would donate money to another organization that we work with called Georgia Transplant Foundation. So this year is year number 13, which is their lucky number. And they’re hoping to hit $1 million raised to send to Georgia Transplant Foundation this year. So it’s a really big deal on the front end. We get to interview folks and hear their stories of what they’ve gone through as humans with organ donation or organ transplantation. You sit and listen to these folks stories for 30s and it moves you. It just sometimes we don’t realize how many things we take for granted. And that’s one thing also that we love about getting to do this. We get to connect with people, and it really keeps us kind of like at a ground level with folks hearing some of their trials and hardships. And also, it’s not just a sad thing. This video is used for an enlightening purpose to get a bunch of folks in a room, to raise a bunch of money so that so many people can be supported and get life saving care treatment, housing, a billion other things.

Stone Payton: [00:16:31] So I am so looking forward to seeing that video and it’s a very timely conversation. I don’t know if I’ve shared this with you or not. Some of my listeners know this, but my saint wife, Holly donated a kidney about three weeks ago.

Lee Meyer: [00:16:47] I did not know that.

Stone Payton: [00:16:48] Yeah, her best friend growing up needs a kidney now. She’s not a match for her, but because and I mean, they took it out of Holly early on a Tuesday morning. And by Tuesday evening it was in someone else. So to me, it was like a double win because she has helped that person obviously very immediately. And then Mary gets higher up on the list now. Right. Like like she and but she’s still she’s still recovering now. She’s actually grouting some tile at my sister in law’s house this morning. So I think she’s getting kind of sassy. So she’s about recovered. But but you know, we’re beginning to learn more and more about that, about that whole that whole world.

Lee Meyer: [00:17:27] Yeah, it’s a big world. And it’s really mind blowing. And it’s just, you see so many people be so selfless and like your wife. I mean, it’s a very significant thing to go through.

Speaker4: [00:17:40] But I believe.

Lee Meyer: [00:17:41] It for people and it’s needed. And to be able to get to work with people, this is my job that I get to do things like that to talk to people. You hear people say like, oh, if you love what you do, you’ll never work a day in your life. And all the the funny, corny little sayings. But I used to think that that was complete bull crap. Like, there’s no way people actually enjoy their job that much, that it doesn’t feel like work. I mean, there’s no way. I think I was a teenager, and my only work experience at that point had been like fast food in the library. So I was like, these jobs are not fun. I don’t see how a job could ever be fun. No, it’s so funny. Like, you want these things and you don’t know how you’re going to get it, but then you. One day you look up and you’re like, dang, I have these fulfilling, amazing things that I get to do, and it really is just a lot of gratitude.

Stone Payton: [00:18:38] So, so getting the work. Let’s go there for for a moment. How does the whole sales and marketing thing work for a company like yours? Like, do you find that you’re out there having to eat maybe some of your own cooking, you know, and shake the trees a little bit, maybe use some of your talents to get the word out about what you guys do. Like how how do you get the work so far?

Lee Meyer: [00:19:01] I would say a large majority of our clients are in the local community, and the rest are all by referral. We’ve been very. Now, that’s not to say we don’t. We need my how do I word this? My strong suit is people. It is actually being face to face, having a relationship, being about the community, networking. Luckily, you know I’ve made a lot of connections and we’ve had a lot of people, a lot of small business owners support us and want and choose to work with us, which has been amazing. And then they’ve referred people or the word has spread. And we know some some business owners in the community that are a part of a much larger organizations in Atlanta. So it’s gotten us to some corporate work and other things through referral, which is amazing. What we need to be doing is more back end SEO, cold reach out. You know, all the stuff that everybody really loves to do and is really good at and just can’t wait to get started. So I will say if I have to, if I want to call out a weakness, we just don’t like to be salesy and I don’t want to do those things. But that’s not that’s not how business goes. So it’s it’s coming. I know I got to branch out, but so far, yes, it’s it’s all been local and, and just from the relationships that we’ve been fostering for the last few years. So, so.

Stone Payton: [00:20:23] Doing good work turns out is a marvelous sales tool, huh? Yeah.

Speaker4: [00:20:28] Yeah.

Lee Meyer: [00:20:29] That’s that’s the other thing. You have to actually exceed expectations and do what you need to do, because otherwise it won’t go so well for you.

Speaker4: [00:20:38] So let’s dive.

Stone Payton: [00:20:39] Into the processes the path, the strategy map, whatever. When you do take on some work, for example, you know, you and I are talking about you guys helping us capture some content, almost like documentary style for the Business RadioX business. We’ve been in business for 18 plus years. We continue to expand. We’re out trying to recruit other people to run studios like this all around the country. And I do think some kind of documentary style backstory, maybe mixed with some current studio partners talking about their experience would be great. So let’s say that we were to begin that work, walk us through what that looks like, because we don’t just show up and turn the camera on, right? There’s a lot of stuff that happens going into that. Yes.

Lee Meyer: [00:21:27] Oh, absolutely. We have realized the the further on we go with the highlight reel that the we call this pre-production. The pre-production is so important because we don’t operate in a, in a way where you, you look at our packages and you say I want option A let’s do it. We don’t even have packages. Everything we do is very custom built for the client that is interested in having a conversation or working with us. And really a ton of conversation goes in. And when I say a ton, I don’t mean long and drawn out. I mean whatever the necessary amount is to really figure out what do you need? What purpose is this going to serve? Is is there a pain point that we’re trying to address? Is it a message we’re trying to get out? And really it’s a very organic, almost like friends sitting around and having a conversation. And it’s always focused solely on what are the needs, what do we need to what do we need to unwrap here? And as things start unwrapping, then we make a plan. You know, we figure out, well, first of all, how much content do you even need? Sometimes we don’t even know. The conversation can really dictate dictate that the budget obviously can dictate that. But we really just it’s it’s just a lot of really organic uncovering. And then from there we make a game plan.

Stone Payton: [00:22:53] So when when we pull the trigger on this, we, being me and Lee, were the ones that own the network. I’m envisioning we go to Reformation and have a beer. That’s a great strategy environment. To me it is. But you’ll be you’ll be asking me and Lee all kinds of questions, probably things that we haven’t thought about and and that wouldn’t even occur to us to consider and really get, get, get down into what are your desired outcomes? Who are you trying to all that all those strategic kind of things. Right.

Lee Meyer: [00:23:24] Oh, absolutely. As we as. As our conversation unfolds, I get very inquisitive and we. So a funny thing. In my corporate job, before I was a small business owner, I was in data analytics. So I have a very analytical brain. I want to know everything. I want to know all the details. How does it connect what it somehow through these conversations, we just get to a really great place. Yes, I start leading the questions and we just get to this, this really amazing place where we’ve decided, okay, here’s the story. The the big thing is hearing the story of how did you guys start, what has it been like? Tell me about these years. Tell me about the highs, the lows. Like I really want to know. And that helps us shape so much as well.

Stone Payton: [00:24:15] And then there’s so there’s that whole pre-production and then there’s it seems to me like there’s there must be so many moving parts in the logistics of, of capturing those, those stories. I mean, to me, what we do here is very simple. You know, we just sit down, we have a conversation. I’ll send this off to Angie. And, you know, in a couple of days we’ll be able to share this with, with, with the community. But there’s a lot of moving parts figuring out where and when and how, and there’s a lot to the production phases and getting and getting the, the right quality of video and audio. Right. It’s.

Lee Meyer: [00:24:52] Oh, yeah, I mean, it’s definitely a very in-depth process. That’s why sometimes, folks, you know, video is an investment. You will anybody that has done the, you know, video marketing work with anybody knows that sometimes it is an investment that we come up with. But because there is so much into it. So you talk about the pre-production, that’s usually several hours of phone calls or conversations or like you said, meeting. And we are always down to meet at Reformation for a beer. We do a lot of great brainstorming and networking at Reformation. It’s the spot for sure, but I will send.

Stone Payton: [00:25:33] Spencer a bill. I think this qualifies as a product placement, right?

Speaker4: [00:25:37] We’re actually filming for.

Lee Meyer: [00:25:38] Reformation this Saturday. We’re excited.

Speaker4: [00:25:40] We’ll be there for cadence.

Lee Meyer: [00:25:41] For the cadence fair. Yes. So if anybody hears this before, then come say hi to us. But yeah, you’ve talked, you talk about your pre-production, you talk about keeping up with your equipment, you know, video equipment, audio equipment, lighting, all of those things. Yeah, it’s definitely an investment that we make as a company. We know that it doesn’t matter how good your video is, if your audio sounds like crap, nobody wants to watch it. Nobody. Interesting. Yeah. People do not like.

Speaker4: [00:26:09] You can have beautiful.

Stone Payton: [00:26:10] Video, but if the audio is not crisp or whatever it needs to be.

Lee Meyer: [00:26:13] People turn it.

Speaker4: [00:26:14] Off. Wow.

Lee Meyer: [00:26:15] Yeah. And in reverse you can actually have a lesser quality video, but if your audio is great and your messaging and content is great, you can also achieve that. But I’m getting in the weeds here.

Speaker4: [00:26:28] But well, no, it’s.

Stone Payton: [00:26:29] Encouraging for me because maybe we’ll capture a little video here. But I think if I’m going to do anything real video, you know, I got to get two pros in here.

Lee Meyer: [00:26:37] And I’m glad you brought that up because we talk about the investment and, you know, the affordability of of doing this and what is all entailed in that. We also understand that sometimes we got to do what we can and start where we can. So we really love to help people like you just talked about. Oh, you know, I’ve got great audio. Yeah. You could absolutely set up a tripod and set up a recording with your iPhone with the back camera, because it’s higher quality and just generate subtitles and just throw reels up. You talked about an interesting clip in studio with somebody and you think that people should hear it, chunk out that segment, have the video, just use your subtitles and boom, you’ve got amazing content. You could be creating a ton of content. And honestly, while we’re on the subject, I’m thinking that would be even something that could get further visibility for the folks.

Speaker4: [00:27:33] That you’re.

Lee Meyer: [00:27:33] Partnering with or that are coming on the show. So it’s things like this where even if we’re not going to do work together, I don’t care because I’m I’m here with you as a human, and I want to help you in any way I can. And I think that that’s how you have to be if you want to have true success. You you want to want to give. You have to want to give. And.

Speaker4: [00:27:59] Well, it’s just.

Stone Payton: [00:27:59] It’s how you’re wired. It’s how Matt is wired. It’s how a lot of people in this community are wired. And candidly, it all of that that you just said makes me want to work with you that much more, right? I don’t know, it’s it’s funny. So where where do you guys think you want to take this thing? Are you trying to grow and scale and have highlight reels all over the country and other people doing the work, or I don’t know, what’s what’s the world domination plan or is it just. Hang out here and have this really cool, I don’t know, almost a lifestyle business.

Speaker4: [00:28:32] Or do you know.

Lee Meyer: [00:28:33] I think I have learned one thing and that’s that your goals and dreams evolve a lot right now. I know that for both of us, something that we’re really passionate about is we want to create a documentary that could be on Netflix. We definitely would like to have our work on a large platform, and we’re very passionate about documentary work. We’re passionate about stories and helping tell those stories. So we we’re currently not saying what our subject is yet, but we have a subject identified. It’s going to be about a two and a half year process of documenting, just because there are things that will be happening scheduled that we have no control over, that are related to this, this story. But so super excited about that. That’s a big undertaking for us, and it’s pushing us, you know, in so many ways creatively, which I think is really important. When you own a creative business, you have to constantly push yourself mentally. You know, with your talents physically, with your equipment, you you have to have that thirst and want and need for more.

Lee Meyer: [00:29:43] So that’s definitely pushing us way outside of our of our comfort. And we’re excited. And then the big lofty goal is to definitely have a studio in our community where, you know, if it’s just us, if we are also partnered with other creatives, maybe there’s a marketing agency, maybe there’s a dedicated photography studio person. I’m really good with my technicalities, my technical words here, but we would love to have a creative studio. That’s just an amazing, fun environment that makes people feel like they want to create, that we can bring clients into, that we can personally work out of as well. Currently, we work at thrive, which is another co-working space in the community, and it’s been amazing. We go to lots of different co-working spaces and even do day rates or pop ins, because we constantly have to be moving or changing our scenes. And, and I think to be able to have our own space one day and be able to invite people into what more of what we see in our brains is definitely a goal and makes us excited to.

Stone Payton: [00:30:57] I feel like that’s a dream that can come true. And when you do see if there’s a spot for for a studio or radio.

Speaker4: [00:31:03] Studio Business RadioX studio, absolutely.

Stone Payton: [00:31:06] That would be fun to have, you know, people in that in all aspects of that arena and plus, plus you just you, Lee would say, crash. You bump into each other and you come up with a cool project to do together.

Speaker4: [00:31:17] Exactly right.

Lee Meyer: [00:31:18] You get to bring, I believe when you’re surrounded with creatives, you get to bring even more value because, you know, like they say, two heads are better than one. When Matt and I brainstorm with clients that want to collaborate and want to be creative, our product, I feel like, is always better because we’ve had more people sinking their teeth into it, and it just feels amazing to get to be in a collaborative state with people. And I just need an investor. I’ve already got the building envisioned. Oh sweet. I’ve already got the whole thing planned out in my mind, so hopefully.

Stone Payton: [00:31:51] We’re going to make it happen.

Speaker4: [00:31:53] I love setting a.

Lee Meyer: [00:31:53] Five year goal, so knock on wood.

Stone Payton: [00:31:57] Most five year goals are meant to be accomplished in three. That’s my mantra.

Lee Meyer: [00:32:01] Wow, that’s that’s a lot of pressure. Even saying that out loud and saying five years was a lot.

Speaker4: [00:32:06] So all right, I’m.

Stone Payton: [00:32:08] Going to switch gears on you here for just a moment before we wrap. I’m genuinely interested, and I’m sure our listening audience is as well outside the scope of the work that we’ve been talking about. What passions, hobbies, interests do you and Matt like to pursue? Anything in particular that you guys nerd out about? Like my my folks, our listeners here know that Stone likes to hunt, fish, and travel, right? I mean, that’s that’s my thing. And oh, by the way, occasionally I’ll, you know, conduct an interview or two and it’s hunting season right now. So you haven’t heard as many interviews from me for the last few weeks. But yeah, outside the scope of the work, what do you guys like to do?

Lee Meyer: [00:32:46] Oh, I mean, we definitely love there’s so many events that are always going on around Cherokee County, Atlanta. We’re big music people, so anywhere where we can go listen to some live music. Matt actually used to travel and play music professionally. He needs to get in and tell his story because he has a way more fascinating background than my cornfields of Indiana. But yeah, live music. I have two teen girls, so they keep us very busy. Oh my.

Stone Payton: [00:33:17] You’re getting all this accomplished and you have two teenage girls.

Speaker4: [00:33:19] Yes, yes.

Stone Payton: [00:33:20] Oh my gracious.

Lee Meyer: [00:33:21] So you know, they’ve got dance and work and sports and all of the things. So obviously we love watching and. Supporting whatever the kids do. Being outdoors is huge. Getting up to the mountains. We’ve got a cabin trip in a couple of weeks. Again, just looking forward to cooking. We’re big into cooking together too. Yeah, yeah, love making all kinds of things. We send each other way too many reels of food on on social media so we can go cook together. And I don’t know, just, you know, just going out, enjoying life. We like to try new things, love to travel. I mean, who doesn’t like to travel, right? Yeah.

Speaker4: [00:34:00] Wow.

Stone Payton: [00:34:01] What an incredibly well rounded pair you are.

Speaker4: [00:34:05] I wouldn’t say that.

Speaker1: [00:34:07] I could tell you some other.

Lee Meyer: [00:34:08] Stories, but.

Speaker4: [00:34:08] But no.

Stone Payton: [00:34:09] And my brain’s firing off. I think you should do a cooking show. Maybe. Okay. And maybe we could do a special on highlight reel. Cooks cook like cooking venison, you know, because I.

Speaker4: [00:34:18] Oh, there you go. If you’d be real.

Lee Meyer: [00:34:21] Good.

Speaker4: [00:34:21] Cooking. That’s right.

Stone Payton: [00:34:22] I like it.

Speaker4: [00:34:23] I like it.

Lee Meyer: [00:34:24] I know that was very corny. I don’t expect anybody to think that was funny. I just need to give that warning.

Stone Payton: [00:34:31] All right. What’s the best way for our listeners to connect with you guys? Reach out. Have a conversation with you, Matt. Anybody on your team tap into the work. You’re already doing whatever coordinates you think are appropriate. Website, social. Let’s I want to make sure people can can touch base with you and maybe have that beer at Spencer’s.

Speaker4: [00:34:50] That’d be awesome.

Lee Meyer: [00:34:51] Yes, we say this all the time and we mean it. If you see us and find us like we would love to have a beer and chat and or whatever. I love taking walks down the trails, getting smoothies at Eden. I mean, lots of possibilities. But we finally got our website up this year, which was a huge accomplishment for us as a newer, you know, in the last few years small business, we wanted it to be done right. So we are very happy and proud. People can find us at the highlight reel Atom.com and reel is reel. And we also have Facebook, Instagram, LinkedIn and that’s all the highlight reel. And if anybody hears this and wants to connect, you can find me personally on all of these platforms as well under Lee Meyer. And I would love to say hello. Love to have a conversation even if you’re not in a place where you want to do professional video, but you want to talk with somebody who could brainstorm or be creative or help, you know, flow some some things for your own business. I truly love doing those things, and I believe in being able to have these things and give back and pour back out, because I’ve had it done so many, countless times to me. So any time I can be of any value in any way, I would love to do that well.

Stone Payton: [00:36:10] And I know how sincere you are when you say that. And I’ll give you guys a pro tip just anywhere around town. I learned it this morning when I went to a rotary breakfast. If you just tell people that you know Lee Meyer, your stock goes up amazingly. So just just now, you know her. So just just drop her name.

Speaker4: [00:36:26] Wherever you wherever you go. That.

Stone Payton: [00:36:29] Well, Lee, it has been an absolute delight having you on the show. Don’t be a stranger. You know, I’m quite sincere when I say come back. Keep us posted on what you’re doing around the community with your work. And yes, let’s get Matt, maybe Matt and the girls in here. We’ll just make it a family affair.

Speaker4: [00:36:45] Oh, yeah. We’ll get there for them having a microphone.

Lee Meyer: [00:36:49] They are teenagers and I don’t know what will come out so about about their mom.

Stone Payton: [00:36:53] Oh my goodness. Well, keep up the good work. You’re doing such important work and we sure appreciate you.

Lee Meyer: [00:36:59] Well thank you Stone, you are such a big support and rally to everybody around the community. And Business RadioX I know has done so much to help people get their voice out and be able to tell their story. So thank you for letting me come in today.

Stone Payton: [00:37:13] It is my pleasure. All right, until next time. This is Stone Payton for our guest today, Lee Meyer, with the highlight Reel and everyone here at the Business Radio X family saying, we’ll see you again on Cherokee Business Radio.

 

Tagged With: The Highlight Reel

BRX Pro Tip: 3 Reasons to Read More

October 13, 2023 by angishields

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BRX Pro Tip: 3 Reasons to Read More

Stone Payton: And we are back with Business RadioX Pro Tips. Lee Kantor and Stone Payton here with you. Lee, I have kind of gone in and out on reading consistently. I’m reading a book right now called Smart Brevity. One of our studio partners, John Ray, has shared his manuscript with me, and so I’m getting a chance to read through that. And I know that it’s good that I’m doing it, but what are some specific reasons to read and read more?

Lee Kantor: Three reasons to read more, number one, gain more knowledge. By being a subject matter expert in your niche allows you to charge more and separate yourself from your competitors. The more you know about your niche, the better you can serve your clients.

Lee Kantor: Number two, it sparks creativity. By reading books about other industries or other thought leaders that may be tangentially or not even connected to you allows you to connect dots about what is working somewhere else and see creatively if you can apply it in your field. This keeps you ahead of everybody else because you’re learning about how other things are successfully implemented and you’re pulling from that and bringing it into your world, and then that gives you, again, more of an edge.

Lee Kantor: And finally, it makes you way more valuable to your network because by summarizing what you’re reading, you’re helping your network save time because they didn’t have to read the books that you read. And it helps position you as another person that’s indispensable to your clients and to your team members.

Lee Kantor: So, reading more is only beneficial. It is not a waste of time. People waste so much time on so many things that really don’t bring value to themselves or to their network or to their customers. Reading pretty much always does if you’re reading business books and especially about successful people in business.

The Hardy Realty Show – Tanya Dean with Hope4HeartsGa.org

October 12, 2023 by angishields

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Tagged With: Broad Street, Hardy on Broad, Hardy Realty, Hardy Realty Show, Hardy Realty Studio, Hope4HeartsGa.org, Lori Walker Davidson, Tanya Dean

The Wrap Podcast | Episode 064 | Building a Strong Future in the Construction Industry | Warren Averett

October 12, 2023 by angishields

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The Wrap Podcast | Episode 064 | Building a Strong Future in the Construction Industry | Warren Averett
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Construction is a booming industry across the United States with a bright future partially fueled by an increase in governmental infrastructure projects. However, the industry is also facing unique challenges due to a shrinking pool of trade labor, economic uncertainty in the private sector and continued supply chain issues post-pandemic.

In this episode of The Wrap, our hosts welcome Will Aderholt, CPA, CCIFP, leader of Warren Averett’s Construction Industry Practice, as well as special guest Jay Reed, President of Associated Builders and Contractors of Alabama, to discuss specific challenges and opportunities affecting the construction industry.

In this episode, you’ll hear:

  • How workforce development programs are looking to address labor shortages of skilled trade positions
  • Information about supply chain issues and how they are still impacting construction projects post-pandemic
  • Discussion surrounding the fear of a recession and how it is affecting construction projects and financing
  • Insight about succession planning specific to the construction industry
  • Advice for diversifying your construction business and building relationships with competitors

Resources for additional information:

  • Blog: Four Economic Factors Impacting Construction Companies (And How To Overcome Them)
  • Blog: Proactive Planning for Contractors in Uncertain Times
  • Blog: Bouncing Back From the Pandemic: Tips for Contractors
  • Blog: Selling a Business: Checklist From a Buyer’s Perspective
  • Podcast: Episode 010 – Don’t Let the Sell Run Dry
  • Podcast: Episode 050 – Employee Retention and Recruiting in Today’s Competitive Environment
TRANSCRIPT

Commentators (0:02): You’re listening to The Wrap, a Warren Averett podcast for business leaders designed to help you access vital business information and trends when you need it. So, you can listen, learn and then get on with your day. Now, let’s get down to business.

Kim Hartsock (0:17): Hello, everyone, and welcome to The Wrap. I am Kim Hartsock, and I’m excited to be back with you for another episode. We are continuing with our series focused on our industry experts. Today, I’m excited to have back with me co-hosting: Derek Johnson. Hey, Derek!

Derek Johnson (0:35): Hey, Kim, how are you?

Kim Hartsock (0:37): I’m doing great. I’m glad you’re back recording another episode with us, and we’re continuing with our industry focus today on construction. Why don’t you tell us who’s joining us as our guest today?

Derek Johnson (0:49): Yeah, that’s exciting. Thanks for having me back. Last time it had been a very long time since I’ve been on the podcast. And I think I’ve barely passed Paul’s exam. So, the waters are warm. I’m getting comfortable. Hopefully you’ll see more of me. But enough about me. We’re here to talk with our good friends: Will Aderholt and Mr. Jay Reed. The people need to know and they want to know, so why don’t you two gentlemen tell us a little bit more about who you are and what we’re going to talk about today?

Will Aderholt (1:19): Well, my name is Will Aderholt. I’m a Partner out of our Birmingham office and I lead our construction practice. I’ve been with the firm about 15 years and have been blessed to know our guest, Jay Reed, getting to know him over the last few years. Jay, thanks for joining us.

Jay Reed (1:35): Thank you, guys, for having me as well. Again, I’m Jay Reed, President of Associated Builders and Contractors of Alabama. And I have the pleasure now, for around 27 years, of serving the commercial construction industry in Alabama. Basically, at the end of the day, I’m responsible for ensuring our strategic plan is implemented for the construction industry and most of those bullet points in our plan that we’re going to be getting into today, because they’re certainly the pulse of the industry right now.

Derek Johnson (2:01): Thanks, Jay. Since you’re our most immediate guest, I’ll pick on you first. All right, thanks. Tell us why should we be focusing right now on the construction industry?

Jay Reed (2:13): Well, thanks. Thanks a lot for asking the easy question first, for sure. Commercial construction is already over $12 billion to the state’s economy. Our Association has just taken a pause over the last five years to ensure that not just our industry knows that when we say the economic wills of Alabama—when we say what keeps the light on at the statehouse, for lack of a better word—it is commercial construction, and our industry exports more construction outside of Alabama in the U.S. than we import right here in our own state. So, we’re fortunate to have a lot of the top contractors across the U.S. domiciled here in Alabama, and when they succeed, Alabama succeeds.

Kim Hartsock (2:57): Will and Jay, I’d love to hear both of your perspectives. But we’ve been doing a series focused on different industries, and I’d love to hear from you: what challenges and opportunities are unique to the construction industry? Maybe some things that the construction industry is facing that other industries are not. Just tell us a little bit about what makes it unique.

Will Aderholt (3:21): Yeah, I think the obvious answer is that the construction industry is facing a lot of similar issues, but maybe to a different degree. When we talk about staffing shortages, particularly in trade skilled laborers, carpenters, welders, electricians, heating and HVAC technicians, you name it—from a demographic standpoint, a lot of those really skilled trade positions, those people are aging and retiring. Face it. For the last few decades, those jobs have not been very sexy, for lack of a better word. Society has told people they have to go to college, which has led to the shortage of trade labor. If you put that on top of COVID issues and all of the issues we’ve had with people just, for whatever reason, exiting the workplace altogether, it’s just compounded. You’ve got that as an issue, for sure. Jay, the association, ABC of Alabama, and several others are trying to combat that, right?

Jay Reed (4:35): Right. That is front and center for our Association right now is workforce development. We have been really fortunate in the state. Traditionally, the governor’s office would have someone appointed to workforce development. I know for a fact this is the first time I’ve seen as many hands as possible on deck to try to ensure the workforce shortage is addressed in the commercial construction industry.

Will and I were talking, I think it was just yesterday. We’ve got the lieutenant governor in the state of Alabama currently working on workforce development. The speaker of the house has a workforce development committee. When we talk about what’s keeping this $12 billion industry up at night right now, first and foremost, it’s going to be the workforce.

But I took the time just to jot down a couple of other things from a board of directors’ perspective right now. If I had to put everything in one bucket that’s keeping our guys up at night, it is workforce development. It’s the recession. Where’s this bubble going? What does next year look like?

You’ve got immigration, regulatory reform and then something that we’re going to get to in a minute: the supply chain issue. The supply chain issue is back, you know, at second or third. We thought that had really started to taper away a little bit, but it was the highlight of a meeting that I was in Mobile for this morning. That was one of the topics of our membership today.

Kim Hartsock (5:58): Jay, I know you’re in Alabama, I sit in Georgia and Derek sits in Florida. We’re representing our region that the firm covers in terms of our geographical footprint. I know that in Georgia, we’re having the same challenges in terms of finding that skilled labor. An initiative that the state started—I don’t recall what year it was started—but in in recent years, which is a program out of the Hope Scholarship Program, which funds undergraduate programs in the state of Georgia. But there’s also this program now focused on technical college and trying to get students leaving high school to go the technical college route and focus on the skilled labor positions just like you’re speaking about. I believe there are 11 different programs that you can qualify for and go to school for free in the state of Georgia to get a technical degree. Every state is approaching this a little differently, but all of us are having that same challenge of trying to attract the students into this as a career and provide them with the opportunities.

Jay Reed (7:10): Yeah, we’ve seen a similar pattern. We have got state legislature right now that really understands the workforce shortage needs. As an Association, we were fortunate enough to get an audience in front of the governor and other key representatives to form the Academy of Craft Training. So, I think as you saw student debt take front and center, parents got to thinking, “You know, is it really x value? And this kid is sitting here telling me he’s not for college, or she’s not for college anyway.” You had the student debt, you had construction is cool again, and now you’ve got the public-private partnership where you’ve got state funds, local funds and contractor funds all going together to help us afford the Academy of Craft Training in Alabama. It has got some of the brightest seniors. If you ever want a dose of reality and bright sunshine, look at the students coming out of this Academy of Craft Training. It’s changing lives for sure.

Derek Johnson (8:05): Jay, tell me. I mean, we could talk staffing and talent all day. That’s something that the firm has been involved with for the better part of 10 years now, but you mentioned supply chain in there. You glazed over it. Let’s peel that back. Tell us more about the current supply chain issues that you’re seeing.

Jay Reed (8:27): Yeah, well as I mentioned, we had a speaker here this morning in Mobile about it, but COVID just exposed some of those layers. Will was mentioning the COVID issue, but during that time, we just really got to looking deep into where all the components of a construction project are coming from. It just seems, for some reason, whether it’s transportation concerns or epidemic concerns, our subcontractors now are having a major issue in getting some products to the job site. So, we formed a special committee to take a look at that, and they’re now putting out a quarterly supply chain newsletter that goes through every division of a commercial construction project and gives the owner or the general contractor expectations of when that can be delivered. But it’s just a major concern now for our base here in Alabama.

Kim Hartsock (9:24): Yeah, and you referenced this, what COVID brought to us and what we’ve learned, but what it also brought is a lot of different funding sources and different opportunities. But with that comes challenges. So, I know that you hear from your members. What are they facing in terms of that funding that source and trying to meet those qualifications, but also, how are they dealing with this? Are we in a recession? Are we not in a recession? Are we going into a recession? There’s not really conclusive evidence and some industries are feeling it a little more than others. But talk to us a little bit about the economic environment right now as it relates to the construction industry.

Jay Reed (10:10): Yeah, good point. It seems like all the meetings that Will and I are in, they keep asking us for the crystal ball, and we keep saying, “Well, as it gets closer to December, we’re going to give you an answer.” We’re almost in December, and we still don’t have an answer. But the data right now…Those doing federal projects and the larger projects, they do have more certainty about next year. They see an easier path to get through, and they’ve got a great backlog. But what we’re really concerned about now is probably that $20 to $50 million window that’s doing one retail shop, one dental office. That’s real money and real funds that need to be put forward to get the project. But right now, all we are seeing is the federal funds. That’s a great thing. But unfortunately, we must bring up the fact a lot of the federal funds are tied to some regulatory parameters that does exclude some of our membership.

So, we’re working through D.C. to try to get some of those regulatory changes made so that a broader group of contractors in the state (and Warren Averett’s clients as well) can have opportunities to bid that work. Some of those obstacles are being a little bit harder than usual to overcome. But it’s again, my nutshell on that is the bigger they are, the better they see next year, and the better they see a backlog.

Will Aderholt (11:27): That’s true, Jay, and I can’t help but say it out loud, the longer I’ve worked in the construction industry, in particular, I’ve gotten more and more of an appreciation of just how much our construction clients hang on to economic data. I didn’t really have a good appreciation for why that was early in my career. Here recently, it’s really just come together, and I’ve come to realize that… and it goes back to what Kim said earlier about what’s specific to construction that sets it apart from other industries. It’s really, you know, everything. They’re building a big capital project most times, right? It’s a long lead time and a long construction period most times.

And for it to begin, there has to be some sort of capital outlay, right? The bigger the project, the more capital there needs to be. Who’s the biggest spender in our country? The government, right? It goes back to what you said, those bigger guys that are doing government work, the money seems to be there. But then from there, everything trickles down to the private sector.

People have to be pretty sure that they’re going to be able to pay for these projects when they go to spend money. Interest rates affect that. Overall economics affects that. The labor force participation rate affects that because that affects how much money people have in disposable income. So, to your point, it’s all of those factors factoring into project owners making decisions to either build or expand or not, which then affects all of your and my clients.

It’s a long lead time decision that’s dependent on looking in that crystal ball and trying to figure out what it says. It’s anybody’s guess right now, right?

Derek Johnson (13:34): What are you telling them? Give us some hints to the test. I know there’s no silver bullet, but when it comes to planning, what are maybe some tips and tricks, some best advice that you’re leaving with your folks?

Will Aderholt (13:46): I’m going to give you a non-answer, which my clients always love. You know, it sort of goes back to what I tell a lot of people is: even if you have no intention of selling your business, run it like you’re planning to sell it, because you’ll never go wrong. I think similar advice applies here, which is we all hope and somewhat expect the economy to be good and backlogs to remain strong here for the next year or maybe longer. So, you want to go capture all those opportunities, but you also want to run your business as though the backlog you have could be the last. The spigot could turn off, not to be scared, but you just want to tighten up and run a lean operation. Make sure—again, I can harp on it all day long—but, you know, construction is risky. There are so many hands in the cookie jar over that whole timeline. Put in all those safeguards. Make sure everybody’s doing what they’re supposed to do from business development to estimating to project management to close out and to warranty. There are so many people that touch a job from beginning to end, and there’s a lot of ways that things could go wrong, and little things can slip.

When things are good, nobody notices that. If they do, it’s not that big of a deal. We’re still going to make X million dollars this year. So, it’s really just focusing on not letting complacency creep in, just because we’ve had some good years and really just operating it as if things are about to maybe not be as good. Watch the little things.

Commentators (15:39): Want to receive a monthly newsletter with The Wrap topics? Then head on over to warrenaverett.com/thewrap and subscribe to our email list to have it delivered right to your inbox. Now, back to the show.

Kim Hartsock (15:52): You just said operate as if you’re always about to sell your business. We tell people that all the time. You want your business to be attractive and ready to sell, so that you can maximize your investment. We are certainly seeing that. I mean, the statistics are all there of the boomer generation that owns all of these businesses and is looking to exit in the next 10 years or so. Construction is not immune to that. I’m sure, Jay, you’re seeing it. I know we’re seeing it. How do owners of construction companies plan for succession? What are you seeing, and what are you advising them to do?

Jay Reed (16:39): Yeah, if I could jump in just really quick on that one. I’ve been 27 years with the Association. I’ve never seen the number of companies that are reaching out to us now for some type of assistance or referrals on succession planning. 10 years ago, I would tell you, there wasn’t one subcontractor in the world concerned about it. But if you take the risk that Will talked about, and you take an aging workforce that David was speaking about at the meeting this morning… everyone’s getting ready to inherit trillions of dollars. So maybe or maybe not, that takes the kids out of the equation to buy X sub-contracting firm. Then it’s the regulations we spoke of, that does have some people saying, “Okay, I’m not going for the federal funds right now. It’s not my fit, but I need to do something with my business now.”

Shake that all in a crystal ball and it comes up succession planning. Will has, fortunately, you guys have been able to have some of our clients with it in the Birmingham market, for sure. But I just never thought I would see that many people calling me to say, “Do you guys know some people who can help us with succession planning? I mean, it’s bubbled up out of nowhere, but it’s an issue.

Will Aderholt (17:55): Yeah, it is. You know, when we were talking about hot topics, which has to be up there. That’s what we get a lot of phone calls about, and it’s what I spend a lot of my time trying to help people through for a lot of reasons. The reasons you just described—the aging workforce or aging ownership, generational wealth, all of those things. If you think about other industries, I think you mentioned it earlier. There’s a lot of money in the economy. There’s a lot of private equity type financial buyers for a lot of businesses in other industries. Manufacturing businesses? Very easy to sell if it’s profitable. Just one example, almost any industry. You know, it’s easy to sell.

It’s easier for people to wait until later in their career, and maybe see if the kids want to be involved in the business. Maybe they don’t, they’re not ready to retire. You know, they can wait longer. In 12 months—I’m not being flippant here—but, you know, it’s not unrealistic that you could decide to sell your business today and in three, six or certainly 12 months, it can be sold, and you can have money in the bank. That’s true in a lot of industries. But it is not true in construction.

There are some private equity buyers in certain sectors of our industry, but it’s fairly limited. That presents a problem, right, in that there’s not some third party that’s necessarily out there as easily to come by a construction business. So, most times, what ends up happening is an internal transition, either to employees, family, whomever, and a lot of times that has to be paid for out of the cash flow of the ongoing operations of the construction business. For all the reasons we said, it’s very risky. A lot of times can be low margin, can be unpredictable. There’s very little recurring revenue. All those things make it hard. That’s where we have luckily been able to help is by coming in and really doing an overall assessment, because it’s not just about, “Hey, help me figure out a way to structure this buyout to pay the least amount of tax.”

That’s easy stuff. You know, we need to figure out how’s it going to get paid for. A lot of that then gets into all the things I talked about before, which is, you know, how good or how predictable the cash flow is going to be in the future. That’s really predicated on all of those different components working together. Business development, estimating project management, that whole accounting and finance—all of those tentacles have to be working the right way in order for everybody involved to feel comfortable with that transition. That’s just kind of a little bit of kind of what we do, you know, increasingly, often over the last few years.

Kim Hartsock (21:05): Will, you brought that up, I mean, that there are more stakeholders involved. You’ve got to make sure that your bonding company is okay with what the transition is. You’ve got to make sure that your bank is okay with what you’re planning. It’s not like most privately held businesses that can just pull together their ownership, make a decision and move on. You mentioned the risk earlier. There’s more risk. So, there are more things to consider. I’m glad, Jay, that they’re calling you and asking you for help. That’s good.

Jay Reed (21:42): You know, now that you mentioned that—just a quick, quick note on that bonding. On the bonding side of it, we’ve actually also seen an uptick because of the financial market bonding requirements out there for our subcontractor community. Right now, your larger subcontractors are required to have a bond in place. That is dropping by trade category, especially in public works. In the state of Alabama, we’ve seen a huge uptick in that. So, I think that’s something else, you know, for the listeners of this today to realize in our industry, that’s been increasing, and we’ve been doing a lot of service out in that area.

Will Aderholt (22:19): The other thing that I’ve run into a lot lately is maybe an aging business owner or two, they have their management team lined up to be the buyer of their business, and they need help structuring it and that sort of thing. Then, we get into it because of everything we talked about, particularly either banking or bonding requirements. This owner thinks, “Hey, I’ve got these five people, they’re ready to buy my business. I just need your help doing it.” Then, we start educating the buyer on “What does this really mean: to sign an indemnity on your surety bond program? You know, what does it mean to sign a note at a bank? What does it mean to have a much more complicated tax return and be dependent on the company paying distributions to be able to repay the note, either to the banker to the owner?”

We come in and start educating them on this. We all can kind of rail on the millennial generation, but it’s just true. You know, people don’t necessarily want to take entrepreneurial risk the way that these baby boomers did when they started these businesses, and so I’ve seen a lot of false starts too lately. They think they had the people lined up, and then once we get in educational phase, it peters out. Again and again, it’s a long lead time. So, we don’t want to wait till “Hey, I want to be retired in three years.” Then, we have to restart the whole thing after a year into a project. Again, just there’s a lot of ways that it cannot go as planned. So, the longer lead times you have the better.

Derek Johnson (24:10): With all these dynamics, we chatted a little bit about succession planning. We walked through some supply chain issues we’re working with, obviously the staffing piece. But for the near term, what would you say these construction business leaders should be doing to best prepare themselves for success? Again, just near term.

Jay Reed (24:30): If one of my members were to ask me that right now, soon we’re talking not just financial, but in the whole scheme of running their business. It would be relationships, partnerships and diversifying the markets that you’re performing work in. I’m not saying go out there and recreate the wheel or something, but every industry is changing. I really see joint ventures, partnerships, relationships and really starting to play a much more important role in securing work. I would say, for the upcoming future in the state, we have a lot of large projects that are moving to the front burner. A lot of those massive projects are here in the near future in the state of Alabama, and there’s going to be enough of that work to go around. But you’re going to have to put your relationships out there and relationships develop, so that you’re on some of these teams put together.

Will Aderholt (25:26): Yeah, I couldn’t say it any better than that. I mean, the two things that went in my head were relationships and diversification, because those are really your two. We talked about recurring revenue, or the lack thereof in a construction business; the one way to combat that is to diversify in the various industries, size and owners. You know, all of those things, the more experience you have, the more irons you have in different fires and different sectors. Now that you want to go, you run the risk of doing something that you’re not qualified to do. You don’t want to do that. But to the extent that you can get comfortable doing what your capabilities are in various industries or various sectors to diversify, the better off you are. The other thing was relationships. I’ve seen a lot of clients have a lot of success with recruiting and retaining talent, getting jobs and getting institutional knowledge of others. You know, the construction industry has gotten a lot better in terms of having friendly competitors. I think we’re better than a lot of industries in that respect. And a lot of that, I think, is to Jay’s credit, at least here in Birmingham. That Association, I think that’s where a lot of those relationships are formed. I think they’re invaluable. I would highly encourage clients to be there and get to know their competitors.

Kim Hartsock (26:55): Will and Jay, it’s been great conversation. You’ve left the listeners with a lot to think about, but here on The Wrap, we always like to wrap it up in 60 seconds or less. So, I’ll let you go first, Will, and then we’ll close with Jay.

Will Aderholt (27:10): Yeah, I just think, again, I appreciate Jay being on with us. I mean, if I had to give the listeners one piece of advice, it would be really to seek advice—be that from advisors, associations, competitors and owners—just be inquisitive and really take time asking questions of others. It’s really easy to get focused on our own business and the day-to-day of putting out fires. But I would encourage everybody to intentionally take time to really seek advice, and be inquisitive of others, because it can do nothing but help you.

Jay Reed (27:48): For the commercial construction industry in 60 seconds, you know, I would concentrate on workforce. If you read from the Wall Street Journal to the local business journal, worker shortage, and the sky is falling, but the resources and the amount of emphasis that’s being put on workforce development. Now, there is a solution coming. There are a pipeline of young people coming into the industry, both skilled trade, project management and estimating. Again, it’s being plugged in and being a part of some group that’s helping solve that. Do not sit in your office and scratch your head on workforce development. All hands are on deck working on that. Just get plugged into some group that’s addressing it and make sure you’re part of the end of the pipeline and getting that future workforce. Jobs are going to come, the market’s going to be okay, and the sky is not going to fall. You’re going to need people. So, plug in to some people that have those resources like great associations.

Kim Hartsock (28:49): Well, this has been fantastic. So, thank you, Jay, for joining us. And Will, it was great to have you on again. Thank you so much, and we’ll see you guys next time.

Jay Reed (28:59): Thank you guys so much for having me. It really meant a lot to be selected by Warren Averett to be on the show. I think it’s a great tool. For us to be able to showcase our strategic plan and what we’re doing to the industry to partners like Warren Averett means the world. So, thanks. Derek and Kim, it was great meeting you guys.

Will Aderholt (29:18): Kim and Derek, thanks for having me on again. I always enjoy it. It’s always fun. Jay, thanks for joining us. I appreciate our friendship and you having us in the Association, allowing us to serve.

Commentators (29:33): And that’s a wrap. If you’re enjoying the podcast, please leave a review on your streaming platform. To check out more episodes, subscribe to the podcast series or make a suggestion of other topics you want to hear, visit us at warrenaverett.com/thewrap/.

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Listen to additional episodes of Wrap—a podcast by Warren Averett designed to help business leaders access the information that you need, when you need it, in the time that you have, so you can accomplish what’s important to you.

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Dave O’Brien joins host Adam Robison to introduce Fibrenew, his unique leather, vinyl, and plastic repair business bringing new life to clients’ valuables. Learn how a corporate veteran followed his passion into entrepreneurship with this niche franchise operation.

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In this episode of Women in Motion, Lee Kantor is joined by Dr. Pamela Williamson and guests Robin Billups, Michelle Muncy, and Erika Guerrero. They share insights on the dynamics of their partnerships, the importance of trust and boundaries, finding a partner who shares the same vision, and the impact of COVID-19 on work dynamics. They also emphasize the need for documentation, hiring the right people, and involving everyone in marketing and business development.

Robin-Morgan-Billups

Robin Morgan Billups is an entrepreneur who established her career in banking focused on commercial real estate (CRE) construction financing.

Prior employment includes U.S. Bank as a CRE Construction and Community Lending Relationship Manager. Robin created the U.S. Bank National Supplier Diversity Program across a 24-state footprint.

During her tenure, the bank received outstanding ratings from regulators and national recognition for its lending, educational procurement, and supplier diversity programs.

After U.S. Bank, Robin leveraged her expertise to establish The Billups Group (TBG). TBG couples supply chain diversity and inclusion with corporate social responsibility efforts to establish and achieve a strategic plan(s) via assessment and coaching.

TBG clients entail entities and entrepreneurs seeking to address market demand for capacity and scalability. TBG consultancy seeks to support the clients’ economic goals and compliance reporting.

Robin is an alumna of the USC Marshall School of Business’s Minority Program in Real Estate and a certified Supplier Diversity Professional/UCF.

Michelle-Muncy-Able-2-Adjust-IncMichelle Muncy is the majority owner of Able 2 Adjust, Inc. She has her Masters in Science with an emphasis in Mental Health and Wellness and has been managing the day-to-day operations with her partner since 2011.

Together they have built and expanded their business nationwide and have offered over 300,000 online, on-demand classes to families in transition. They are currently hoping to expand their reach to better serve the community.

They are currently working on classes for the workforce, the Department of Children and Family Services and other court agencies.

Erika-Guerrero-Electric-GoddessErika Guerrero has over a decade of technology experience. She began her career on the Dragon 1 program at SpaceX, was New Product Introduction Program Manager at a battery manufacturing startup and was promoted to manage the joint venture with BorgWarner. In 2019, she founded Electric Goddess, a premier boutique research and development lab, that has grown to a multi-million dollar bootstrapped enterprise.

At the end of 2021, she took on the role of CEO at Redivivus and defined the company scope, financial path, and technology strategy to solve battery recycling industry challenges from a first-principles perspective.

Erika enjoys being active, spending time with her family and her chameleon Hiroshi, enjoying living the beach life, and traveling for work and play.

About our Co-Host

Pamela-Williamson-WBEC-WestDr. Pamela Williamson, President & CEO of WBEC-West,  is an exemplary, dedicated individual, and has extensive experience as a senior leader for over twenty years.

She has served as the CEO of SABA 7 a consulting firm, overseen quality control at a Psychiatric urgent care facility of a National Behavioral Health Care Organization where she served as Vice President and Deputy Director,and has served as the CEO of WBEC-West, since 2008.

Her extensive experience in developing and implementing innovative alliances with key stakeholders has enabled the organizations to reach new levels of growth and stability. Her ability to lead and empower staff members creates a strong team environment which filters throughout the entire organization.

She takes an active role in facilitating connections between corporations and women business enterprises and sees a promising future for WBENC Certified women-owned businesses.

Dr. Williamson holds a Doctorate in Healthcare Administration, a Master’s degrees in Business Administration, and bachelor degrees in both Psychology and Sociology.

Connect with Dr. Williamson on LinkedIn.

Music Provided by M PATH MUSIC

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: Broadcasting live from the Business RadioX Studios. It’s time for Women in Motion. Brought to you by WBEC West. Join forces, Succeed Together. Now here’s your host.

Lee Kantor: Lee Kantor here with Dr. Pamela Williamson. Another episode of Women in Motion brought to you by WBEC West. Dr. Pamela Williamson. It’s been a minute since we chatted. I’m so excited about this topic, the topic of women leading the way with male partners. How are you doing?

Dr. Pamela Williamson: I am doing well. I am excited by this topic too. We get lots of questions around certification and whether you can get certified if you are partnered with a male and what that looks like. So I’m excited to hear these two ladies stories and super excited today to have Robin Billups from the Billups Group as our expert panelists today. So Lee, I’m going to pass it back to you.

Lee Kantor: All right. Well, let’s start with Robin Billups with the Billups Group. Robin, can you share a little bit about the Billulps Group? How you serving folks?

Robin Billups: How am I serving folks? I coach, I do an assessment. I coach and push them towards a strategic plan in order to meet the compliance regarding procurement and also to to grow their businesses. You know, most corporations now are looking for capacity and scalability, and I’ve decided to focus on existing businesses that really just need that extra push to make decisions immediately and to be more strategic on how they’re planning their their day.

Lee Kantor: Very cool. Next up, we got Michelle Muncy with Able 2 Adjust. Welcome, Michelle.

Michelle Muncy: Hi. Thank you so much. A little bit of background about our company. We started off doing family education on demand classes and we are trying to transition now over to leadership training classes across the country and trying to get into government procurement. So it’s always fun.

Lee Kantor: And last but not least, Erika Guerrero with Electric Goddess. Tell us a little bit about what you’re up to.

Erika Guerrero: Thankfully, Electric Goddess started in the spare bedroom of my luxury high rise apartment where building with my partner and we had one power supply and meter. And then before I knew it, we filled up that entire room with electronics. And so now we have two labs that is a boutique research and development firm. And why I say it’s boutique is because we don’t go for quantity. We really go for quality. We solve really large issues for startups, investors and large corporations and energy storage, batteries, space propulsion industry. And it’s been a fun ride.

Lee Kantor: Fascinating. Let’s dive right into this again. The topic is Women in Business leading the way with male partners. So I’ll kick it off with you. Robin, What inspired you to partner with your partner in the first place? How did it all get started?

Robin Billups: Well, I spent over almost 30 years in the banking industry. My background is construction, real estate, commercial real estate, construction financing. And having spent a lot of time in that sector with males, I learned everything that I learned about the lending business came from a male perspective, and I saw that they were they were earning quite a bit of money and they weren’t doing half the work that I was doing on the residential side. So I moved into commercial real estate, and when I turned 50, I decided I needed some other skills and I moved into the supplier diversity space. I created the supply chain inclusion process for US Bank. I’ve actually been on the board president for We Bank West. I actually was the business development director for a national director for We Bank National. And with all of these multiple skills, my husband and I decided that, you know what, when you decide to not be in corporate, you have a book of business and the and the connections to actually support and work with coach other individuals who are in this in this space trying to do business with corporations. And my husband is a major he ended up teaching fifth grade. He retired and we call it the Billups group because my sons and my two sons are actually engaged with with us as well.

Lee Kantor: Michelle, can you talk about your origin story?

Michelle Muncy: Yeah.

Michelle Muncy: Um, well, I was. I was working in the corporate world as well, um, doing marketing, and I was always kind of an entrepreneur on the side. So in the evenings and I actually ran across my partners actually over in Europe, and we just formed a relationship. And when we decided to kind of delve into this space, this kind of untapped market back in 2011, he was just an infant. He was really young but super, super intelligent. And I knew I was going to be partnering with somebody that gave me my space and I respected his space. And it was and it’s turned out to be a huge blessing and a great fit. So we’ve been we’ve been partners for quite a long time. And, you know, we’ve we’ve made it work. You know, it’s it’s been it’s been a journey for sure, Erica.

Erika Guerrero: I have always been surrounded by men. I’ve being in technology. I guess I did get a sociology degree, but my minor was in astrophysics because I really liked looking up into space. So when I was at Space X, definitely surrounded by male engineers, and then I became a new product introduction program manager for a battery factory. So they gave me like an empty building and said, Go build batteries. And from there I was running a joint venture with one of the largest automotive parts suppliers in the world, and I had a similar experience to Robin where I did a really great job. I saw a lot of people excelling in ways that I wasn’t given the same opportunities, and so I branched out on my own with my partner, Luke, who ended up becoming my husband last year. But when we first met, he was kind of this feral ish scientist that was helping me choose some glue. And eventually I just really got to see like, Hey, this is a really good person. This is somebody who’s been in the Electric Revolution since like 2006 when it was like weirdo to have an e-bike. And so he’s really helped bring more clients to our business and I’ve been able to empower him by he doesn’t want anything to do with the business. And I’ve been able to learn so much about technology and it’s been a wonderful blessing.

Lee Kantor: Can can any of you speak to maybe some of the trade offs like like in terms of how you’re you deal with conflict or you deal with challenges or obstacles and maybe your partner deals with them through a different lens. Can you share any stories in and around that?

Robin Billups: My my personal experience. I was a management trainee many, many years ago. My first manager when I became a loan officer said to me, I’ve always had male managers up until I got into late in my career and they’ve always he always said to me and it always stuck with me. Deliver a note early and often. Because sometimes we will waffle on what we know is the right thing to do and we need to deliver that. No. And what he what he shared with me is that, you know, the folks are looking for. Yes. But if the answer is a no, you have to deliver that early and often, because the longer you protract that, the deeper the problem becomes and the more expensive it becomes. And they’re looking for the deep pockets. So, you know, my husband was a major you know, he’s a numbers guy. Numbers wasn’t my thing. My degree is in journalism. He went on that that side. So we kind of have this yin and yang thing going on. We’ve been together 52 years. We’ve been married 46 years, but we’ve been together 52 years. So we kind of grew up together and we kind of know each other’s strengths and weaknesses from that perspective.

Michelle Muncy: And I’ll jump in. Um, I, I would think and I hate to stereotype, but I’m a lot more emotional and I drive by emotion and I really admire in my, my partner in his ability to just kind of see things very black and white and very clear. And he is also brings in the technology piece of it. And I do the the business side and the marketing side. And it’s, you know, I’m finding a balance to really try to respect knowing that he’s usually the voice of reason for me. And I’m although he has ideas, I’m the idea person and I’m always wanting to like make friends. And he’s coming at it more from like, but this is the reality and these are the facts. So there is a really good, as you were mentioning, Robin, the yin and yang part of it. And I think that’s what’s made us successful is finding that balance and really showing him the respect. And when he can see that I’m respecting him and his decisions, he gives a lot more freedom to me to be open with my ideas so I can voice my ideas. And that’s what makes it great. And a successful partnership is that we both respect each other and knowing, you know, I’m really we’re struggling with an issue right now where he’s saying no. And I’m certain it’s a yes. And I’m really trying to understand his no. And I want to have his no be okay, but I’m still grappling with it emotionally.

Lee Kantor: So how do how do you break ties?

Michelle Muncy: With the yes and the no.

Lee Kantor: Yeah, like so if you have, you know, differing opinions, is there a default like, okay, if we don’t agree then it’s a no or if we don’t agree it’s a yes. Like how do you break ties?

Michelle Muncy: He’ll let me try it and fail. And he’s really good about he’s really good about giving me grace and knowing, okay, it’s going to cost this much if she fails and we can afford to do that. But he appreciates the fact that I’m going to try. And so that’s again, why it’s such a good relationship is he gives me the space to fail and we might have some success or we we’ve had successes and so we have enough room to grow and and and try and knowing that there’s going to be some failures in there, which I think is also important is to know not everything’s going to work, but we need to keep trying. And he gives me the space to do that.

Lee Kantor: Right. And and you feel safe in that environment where it’s okay to take risks. Like it’s not, you know, the it’s not something that’s going to end anything. It’s just we’re trying different things. And life is an experiment. So this is just another one.

Michelle Muncy: Absolutely. So how much can we risk now?

Lee Kantor: Erica, what about you?

Erika Guerrero: I would say when you’re at the tip of the spear and no one’s really done anything of what you’re doing, there’s really no rule book. So I would say I’m very orderly. I did a program management job. I’m like, here’s the schedule, here’s where all the parts are, Here’s everyone moving. And Luke is the total opposite. Like if I just let him alone in the lab, he would just it would explode with parts everywhere. Maybe literally and physically and actually. But I think there’s a fun quote from a Dune audiobook I was listening to that was like, too much order in research. You’ll never discover anything new. And so it’s a really fun balance between, as Michelle was saying, like you can make those calculated decisions, right? If you fail, you know, it’ll cost X amount. But if you win, like, you know, that’s part of being an entrepreneur is you’re taking you have a certain level of risk. And I would say that balance really comes on a program and technical level with me and Luke where I can definitely give ideas like, Here’s what I’m thinking we do. And he’s older than me, and so he can provide more like experience because he’s seen a lot more things. Like, I can be definitely naive and I understand that because I always want to see the good in people, and I like that about myself. Actually be a bit more rude. Be like, Hey, you should watch out and make sure someone’s not taking advantage of you. And I would say, like the biggest thing I really notice is actually people’s unknown biases. So like in your brain, you have like.

Speaker8: Thanks.

Lee Kantor: Erica’s cutting out a little bit.

Erika Guerrero: The same exact thing I say, but it delivers like someone asked.

Lee Kantor: So, Erica, you’re cutting out a little bit. But Robin, I see you nodding your head about these kind of biases. Can you speak a little bit, Robin, about you?

Robin Billups: Just you just you just reminded me that, you know, as I said before, my sons are engaged in the business as well. And my, my my 42 year old or my 38 year old, sometimes I have to remind them mom and dad are 25 and 30 years older than you guys. And we’ve been down the road a piece. Right. And because we may not necessarily be so technologically, technologically strong sometimes or we’re not up on the latest and the greatest, I always say to them, if the computer went down, what could you do with a piece of paper and a pencil, you know, that type of thing. So yeah. Erica, I hear you When you say that age wisdom, this is what I tell my, my, my young people wisdom and knowledge comes with time. It comes with time. And Michelle, I love what you said about being able to take a risk and validating what that risk looks like and still taking the risk. I think that most of the time you learn from those situations. You learn a lot more about yourself, you learn a lot more about your business, and you learn a lot more about how you’re going to grow the culture of your company. When you have those situations where it may not turn out the way you wanted it to and or it may fail, you know? So that’s that’s good practice.

Speaker7: Yeah.

Michelle Muncy: And go ahead. Sorry, Erica.

Erika Guerrero: The wisdom tells you. Right. But you definitely should listen to it because these little tidbits of knowledge that you wouldn’t have.

Lee Kantor: Now, Michelle, you were going to add something?

Michelle Muncy: Yeah. One of the things, too, that I was going to say is it helps with the knowledge. You know, sometimes I think about, gosh, I wish that our the employees that we have could, you know, think like so and so, you know, this, that and the other thing and kind of extrapolate on an idea and I’m you know, I’ll come to him and I’ll be disappointed. I’m like it just it makes sense. So I think what makes sense in an entrepreneurial mind isn’t making sense to the employees. And they take direction. And he helps me kind of again see the big picture. Like that’s the reason they’re not, you know, they’re employees and not entrepreneurs. And that’s why we do what we do, even though sometimes the frustration level is there for me when I’m like, but it’s and he’s like, well, if it was that easy for everybody, they would be doing what we’re doing. And again, it kind of brings me back a sense of reality. So he really grounds me because I’m up there floating sometimes and I do need that balance, which is really nice.

Lee Kantor: So how do you think it’s impacted your culture of your company having both of you lead?

Michelle Muncy: Well, for us. I mean, we have very distinct roles as far as what we do. And it sounds like both Robin and Erica maybe also do as well as he he stays in his lane. I stay in my lane. I give him the freedom to do his job. I don’t micromanage him whatsoever. I have full faith in my business partner that he’s going to be doing his job. I’m not running after him worried about and that a lot of times with partners, it’s like, gosh, are you pulling your weight? And again, I’ll just speak for myself. What makes us successful is I don’t have to guess or wonder or hope. He’s pulling his weight. He is pulling his weight and my weight. And so I was listening to a presentation where they were talking about relationships and, you know, and it is true. I mean, if you talk to them and I do say this like I’ve got about 10%. I mean, hopefully he’s got the you know, even 80 or 90% to carry me at that time. But he’s still in his lane but helping to support my role also. And I’m there to support him. And technology when we need to look at features or we need to build on something. And I think there’s just a respect level. And when one of us is down, the other one’s, you know, picking us up and that kind of thing. So it we have been able to find this dance that really works. And I don’t know, you know, I feel like it is very unique, especially in this space. And it takes a long time to develop. And it’s like when Erica was said, I mean, I’m not surprised that she ended up marrying her partner because, you know, it is such a blessing. And even with Robin, they’ve been married 52 years. This is unique rather than, I think, a standard.

Robin Billups: Well, you know, and to your point, Michel, first, we’ve been dating 52 years. We’ve been married 46 years. And to that point, literally, he went away to school. I went away to school, and then we got married. And, you know, right after I graduated from college. So literally, when I say we actually grew up together, we kind of were raised to a large degree. And what I heard you say earlier, and I think this is critical, we all bring the stuff that our parents gave us to the table. Right? And I tell people all the time, you nurture the things that you like and you have to work on the things that you don’t like because it’s in you to be that and do that. And so for us, my husband literally kind of like lets me lead this thing because I’m the one that decided I was going to be a consultant. But he certainly is there for me when I need to pass something by him or when I have a new idea and having to rope rope me in because I’m like you. I like ideas. I’m like, Eric, I want to push it out.

Robin Billups: I want to get it. I want to put a strategy together. I want to work that strategy. And one of the things that I want to say to women in particular, you hear all the time, you know, people ask that question of what does work life balance looks like look like? Nobody can give you that answer. That answer belongs to you, your partner and your family. So to Michelle, you made a very valid point. Sometimes you he’s at 80% and you got the 20 or sometimes it’s 5050. And so again, work life balance. There’s no such thing as that. You know, we got all these buzzwords that people operate and live off of, and I think that we need to just let that be. They’re just buzzwords because at the end of the day, organically, you will figure it out if you are committed to each other. And one last thing I’ll say, you don’t have to. You always have to love your partner, but sometimes you don’t like them, sometimes you don’t, you know, sometimes you don’t like them. And that’s that’s natural. That’s natural. Can be prolonged, but that is natural.

Lee Kantor: So how do you work through those kind of points of friction? And especially when you are in a married relationship where they could spill into a personal life and they they may not be siloed in your business where it’s hard to have, you know, kind of really strong lines between them.

Robin Billups: Well, you know, for me, it always has. This thing of business is business and personal is personal. If you keep the I learned that so very long ago when I got into commercial real estate, you know, women could be in the residential side and you could do credit cards and lines of credit and all of that. But when I got into commercial real estate, you cannot take this stuff personal. This is not personal. This is business. And so that’s kind of been the way I’ve trained Robin. My husband is just one of those easy, you know, I’m high energy. He’s the easy going guy, right back to that yin and yang thing. And so how do you do that? You cannot you cannot let your. Personal overlap onto your business piece, and you can’t let the business overlap on your personal, because I think that’s where it gets confusing. And now you’re saying stuff that you don’t really mean and all of that kind of stuff. You know, we I’ll be very candid with you, all of us know the button that we could punch that will pop them up out the box and they’ll never go back in the box. Right? So you can’t dance around those buttons. You really just can’t. You have to keep the personal, personal and keep the professional professional. And sometimes you just have to say, you know what? Let’s just walk away and come back to this in a few minutes once we calm down or, you know, once we do a little bit more due diligence, you know, that type of thing, you have to work at it, no question.

Speaker7: Erica’s.

Michelle Muncy: I don’t know if Erica wants to chime in, but coming from the perspective of we are not married, but we are extremely close, both of us have partners. Is that he well, and he’s been married for several years. There has to be a lot of trust on like even coming from his wife and knowing that there’s no boundaries that are going to be crossed. I did just run into a situation even this week with a gal who had a a male business partner, and there was that threat and that insecurity from their spouse that was coming through. And so I think part of our job is because we do have such a close relationship and being on the outside is to make it clear that those and make the spouse comfortable that that we’re not going to cross those boundaries, that our intention is to build this together and that they’re are part of that. And so I’ve included her a lot, you know, and hopefully we’ve built a relationship over the years to where she’s comfortable and know those won’t be crossed as well. So anyways, I think that is an important part to make is that the spouses need to be comfortable, you know, because we’ll go on trips and stuff and they yeah, the trust needs to be there from all parties.

Speaker7: Absolutely.

Erika Guerrero: I could totally see that because business is a contract and really people forget that marriage is also a contract. And so they’re very serious to me about both of those things. And so I love to see that you’ve found that balance. I do think there’s pros and cons to being married to your business partner, just like pros and cons of not being married right there. Um, for me, I like it because I know that my husband and business partner can see my heart. And so he knows that, like, I’m never trying to do anything to, like, screw anyone over or like, you know, just I’m always trying to do my best and he can support me in that way to help communicate that sometimes because that goes back to what I was saying earlier with the like, unknown biases where I say something, it doesn’t land. But if he says the same thing, sometimes people will listen and it goes the opposite way too. Like if I’m wearing a suit and he’s wearing a t shirt and doesn’t have a haircut for three months, sometimes people don’t listen to him versus me. And so it’s been a really nice balance. And I agree exactly what Robin was saying, like business is business. But I would be lying if I said that sometimes you go home and you like, can’t stop talking about this one thing that you have. And I mean, as an entrepreneur, it’s work life balance is like, What do you mean? Like, I’m not working? So it’s kind of like you got to find your your peace with it. And I think really just make time to do the things that are important to you because, you know, when we’re. Old. And, you know, we look back on our life. I want to remember those memories on the beach of looking at my family and not saying, Oh, I chose business always over that personal life.

Robin Billups: One of the things that I think is important to and Michelle, you hit on it. You know, when you actively engage the other parties, we’re literally all of us are looking to try to build legacy businesses. Correct. So if something were to happen to the partner, you know, and not not in a in a not being morbid, but if something were to happen, that individual who’s the other partner could potentially be the person who could step in. Right. And then, you know, I have I have a bunch of work husbands. I have a bunch of work husbands. I’m working on a big commercial real estate construction project now with a guy. And his wife called me up. She introduced me. She’s we bank certified. She introduced me to him and she goes, Robin, you know, Mike, Michael thinks you’re his work wife, you know? And I said, Yeah, because we talk every day. You know, we’re trying to get this project done. And so, again, I think that take Erica, you said it best take the time to have that time where you’re smelling the roses. You guys are going out for some cocktails or you’re coming over for brunch or you go to church together or you go to the kids program, you have to incorporate those individuals in the family so that they feel like they’re not only just you’re not just building the business for yourself, but you’re building a legacy business and you’re, you know, part of the community. I think that that helps as well.

Lee Kantor: Now, Do you see any advantages of coming into a business with a male partner and especially the two people that are married? Is there an advantage that you’re married as opposed to just business partners? I mean.

Speaker7: Just. Well, I can.

Michelle Muncy: Go ahead. Go ahead, Erica.

Erika Guerrero: I was just saying, I’m recently married, so I really don’t know. Time will tell, I guess.

Lee Kantor: I mean, I see it. I mean, there’s pros and cons in everything like we talked about earlier, but being married and having that united front, um, I can see as an advantage and, and the support that comes with being married is an advantage. But then it’s just, it’s easy for it to creep into your day to day life and not have those lines drawn where the workday ends and the and the rest of the day begins. So I just wanted to know if any of you felt that as a net. Obviously you’re doing it. So it’s a net positive today. But if you could do it again, is it something you would say, okay, that was the right move? I would definitely do that again.

Robin Billups: Well, Michelle said it best. It’s that trust factor. You know, this is the person that you do trust, You know, even even like I said, even sometimes you’re a little ticked off with them, you know. But that’s that’s temporary because at the end of the day, the value add of these relationships and the legacy and the history and the trust factor that you built with them, The one thing I can say and Erica keeps chiming in on this, you know, sometimes when people want to receive information, they don’t want to receive it from a female. You know, they they just because they have these unconscious biases or they’re just prejudice or whatever. And so, again, it’s I think that it’s critically important to have some you know, even if you’re not partnering with someone, you should always have that male counterpart that. You know what? Let me bring you to the meeting. You know, let you let me have you attend this meeting. Let me let you kick the meeting off, you know, that type of thing. You know, historically, I was because of my voice being so heavy, people would always say, I need to talk to Mr. Billups. Yes. Can I help you? I want to talk to Mr. Billups that I spoke with. Yes. Can I help you? I want to talk to Robin Billups. Yes. Can I help you? Because they weren’t expecting me to be the female, you know, leading the train kind of thing as as the conductor of that particular day. And so I think the trust and the the the way the outside receives you, depending on what their mindset is, if there’s definitely a value add there.

Michelle Muncy: And just to chime in, where Robin kind of touched exactly on what I wanted to say is for as much as I you know, it’s frustrating, I still use him as kind of like the heavy hand, even if I’m making the decisions. It’s there is that respect factor coming from a male and it is helpful to have or if I’m going back, it’s like, you know, I need to check with my business partner, see what he has to say. And I do use that to my advantage, um, again. And he’s just like, Well, what do you want to do? And, but, but he does know. It’s kind of like good cop, bad cop, and he takes the brunt of it. Is it fair? Is it the way it is? I mean, do we get further because of it? Absolutely. I’m just going to be honest about it. So we do have that. But that benefit by having a male partner and it you know, just like with anything, I mean. Yeah. So totally agree with you Robin, there on that one.

Robin Billups: That good cop bad cop thing works every time. Every time. You know, sometimes my husband can be excited about something and, you know, and he’ll call me and he’ll say, okay, now I need you to play that role. I’m like, Oh, cool. I will play that role because you’re talking money, you’re talking time, you’re talking, add something else to the mix. And so with that, somebody has to say has to it’s a very good negotiating tool, I’ll put it that way.

Lee Kantor: And it sounds like it’s a circumstance where you’re on the same team. So whatever it takes to get the win you’re willing to do.

Robin Billups: Bam, shakalaka, boom, boom. That means that’s the right answer. Absolutely.

Lee Kantor: So now let’s talk about a little bit of lessons learned. Is there anything you can share? If you were advising somebody who’s thinking about either going into business with their spouse or a male partner, there are some kind of do’s and don’ts that you some advice you can share.

Michelle Muncy: For me, one of the big things is, is the respect factor, especially if you’re going in it with a male, is that you absolutely 1,000% have to respect that individual and have confidence in that person. I mean, again, partnering we try to partner with companies or what have you. And you know, it a lot of times it goes south and so you just need to know what that person you’re going into. I’m willing to go into battle with this person. And as Robin has said several times, it’s not always perfect. And I would love to say that we’ve gotten along. And there’s been a couple times I didn’t know if we were going to be able to pull through. Um, and a lot of give and take, like, do I do I want to go into battle with this person and really think through it and being willing, willing to work hard a lot longer hours than you would as if you were just working. I mean, hiring somebody in the corporate world, it’s a whole new ball game because they just don’t have this. It’s just a different work style. And, you know, do they have the same vision? Like, can this person carry you or do they complement you? I mean, there’s a million ways you can just you really have to do a pros and a and a SWOt analysis on this sucker and make sure I have the tendency to just think we all can dance around a maypole and everybody’s going to get along and it’s not the case at all. And and so, again, it’s the reality of what it actually looks like and being able to take a step back and do an assessment.

Robin Billups: When I was working in the supplier supply chain inclusion space, you know, and people because again, as I said early on, most of these companies are looking for capacity and scalability now. And Michelle, you made a very valid point that when you’re looking at staff and adding to your team, people that you’re looking to hire nowadays have a lot different perspective. And I think, you know, Covid had a lot to do with it. But at the end of the day, I think it was coming anyway because we are in this revolutionary change about how work functions and how companies function. And and now folks are having to deal with women, right? You know that the woman is the lead. You know, she may he may be a silent partner, you know, that type of thing. But when I was working in the in the in the procurement space, one of the things that I learned and one of the things that I always shared is. Instead of looking for a partner, Looking for look for a team. Right. Look, do a teaming agreement first. Do the dating. That’s what I call the dating process. You do a team in agreement with somebody so that you can decide whether you can partner with them or not.

Robin Billups: Right. And so when you’re when you’re looking at should I do business with my husband, should I build a a business with my male partner? I think you have to come up with a project that allows you to see the teaming agreement process unfold, the dating process unfold, and have to have those real candid conversations and possibly sign up for Michelle’s services so that you learn, you know, your style and your culture. And and again, as I said before, how you were raised comes out in all of this. You know, what what kind of parenting you receive and what kind of education you receive, all of these things come into play. And so that teaming agreement, you know, building a team first before you actually dive into, you know, a joint venture or LLC or, you know, something that’s going to be concrete, concrete, concrete that’s going to take a legal process to unwind. So I think that build the team first and then that way, you know, whether you can you’re dating and their success and you can get married into a partnership or a joint venture or something of that nature.

Speaker7: Erica. I feel married. Oh, hi. I feel very.

Erika Guerrero: Empowered by having a partner that I trust so much. And I think that’s. I, like Robin said, like, I’m definitely the leader. I get calls. Mr. Guerrero or Hello, Eric and I would like to talk to the business owner and really my partner. We love it because we’re in a male dominated engineering scientist business, right? My company name is called Electric Goddess. And so it’s very polarizing, right? So there’s some people who are like, oh my gosh, I love this. And then there’s other people who you can tell they’re kind of uncomfortable. But really, there’s so many different layers to why we chose that name. But really bringing that femininity and that balance to an industry where I, I personally I mean, this is my experience as a woman. I think women are wonderful leaders, and I think that men love to serve. And I think that men are very much, you know. And I’m saying this generally just very much wanting to accomplish a goal where, you know, generally women can think about things from a like many different levels at once. And, you know, there’s crossover with that with anyone.

Erika Guerrero: But really in my role, I’ve been very empowered to take that lead and know that I have kind of that partner who has my back that and is making sure that like, Hey, we’re doing this to the best of our ability and we’re doing great. I will say that being married has gotten the same kind of polarizing effect because there’s people who are like, This is great. You know, you and your partner are very much, you know, integrated in your lives. And so I can see you building that legacy. I can see your passion. And I’ve also had the other side where I’ve had people being like, Oh, you’re married, like not liking that so much. And then I’ve even had like previous employees who are like, okay, Erica, you made that decision because that’s how your partner felt. And, you know, I can’t believe I’m working for a married couple. And I was like, wow, I can’t believe that, you know, you’re still working here. But it’s it’s been an interesting journey for sure.

Speaker7: Now.

Robin Billups: My one last comment would be to.

Speaker7: Um.

Robin Billups: I’ve always been trained that the vision is given to an individual right. The mission is getting written by the team, but the vision is given to an individual. So everybody’s job is to capture that vision and move the vision out. Versus I got a vision. You got a vision, and we got to fight on which one we’re going to push forward. Right. And so I think that if people if you’re if you share that with your team, meaning your staff, especially the vision was, you know, generated, captured by this individual, this is the vision. Be very candid about what that vision looks like and what the mission of the organization is and do that early and often. I think that people tend not to revisit why they got into business, how they became a partner in this business. And I think that we can lead by example by being more narrative about the stories that we share and being more authentic in under and sharing the good and the bad through this process. But I think that, you know, again, the vision is going to come from one individual and then that somebody, everybody else’s job is to get on board with that.

Michelle Muncy: I’m going to definitely second that with the team and with my partner is that he enhances my vision and that’s what’s great and can come up with stuff I didn’t think about. But supporting the original goal and making that come to fruition, whatever that looks like is that. And I’m going to guess it’s that same way with Erica too, is that they can expand on it. But you’re right without I mean, it’s already hectic enough and to not have that chaos but you’re working on that single vision. And a lot of times he has to say to me, you know, especially even with Covid and things changing and the employee structure looking different and just the the mindset of people is, where are we at? Do we need to just rather than grow and expand, it’s like, let’s just stay in our lane and work on this. And you know, right now, just so we don’t, you know, go off the rails. And so he does a really good job. And, you know, I don’t want to build a statue for everything he’s done. Right. But it’s just keeping me in our lane a lot of times. And to stay focused on that one single vision. So good. Good call there, Robin.

Erika Guerrero: Yes. Thank you, Robin, for taking what I was trying to communicate and putting wonderful words on it. I appreciate that.

Lee Kantor: And and. And Michelle.

Robin Billups: Excuse me. Excuse me. Lee. Michelle made it. She she she she. She just reminded me of something else. Is that vision creep? Right? You know, you know, the market changes, things change. Covid hit, and then the vision starts to creep because nobody’s staying on task with that, with what we originally started with. That’s good stuff. Really good stuff.

Lee Kantor: Yeah. And clarity around this one. True North makes everything a lot easier. It’s it it makes everybody clear on what what the real goal is. And it helps you make decisions when everybody’s in agreement of of what you’re trying to accomplish, then everything becomes easier. But that requires a constant reminder and the communicating clearly so that everybody is on the same page. And it’s so important when you’re onboarding new people so they understand how everything fits together. So yeah, I think clarity around the True North is critical for any successful organization.

Michelle Muncy: Yeah. And I don’t know if anybody is, you know, I can identify with this post. Covid is trying to get your, your staff or the people that you’re onboarding in alignment with what your vision is and the value of what that is. I mean, we’re we’re struggling on our side and you can explain to them and it’s yes, yes, yes. But just the work ethic is changed post Covid, the mindset has changed post Covid. It’s just it’s a it’s a whole new ball game that we’re finding. And and we’re just trying to find a real balance. I sometimes I say we have survivor’s guilt because we do online education. And so for us, we did we did fine. But again, just finding the resources and the staff to help move this thing forward is and one thing one thing I did want to to mention that and sometimes I struggle. But when you’re in these sorts of partnerships and I think any partnership is leaving your ego at the door, you know, check it in. And you know, it’s not we’re not going to die if anything doesn’t go our way. It’s just, you know, to to remove ourselves and finding like, again, we’ll go back to that work life balance is just sometimes I have to detach myself and know that I’m not going to die if these decisions aren’t made the way that I see that they need to be made. And so letting some of that control go, too. And that’s that’s tough as as an entrepreneur, because I see it a certain way.

Robin Billups: Well, you know, the other one a couple of last things that I wanted to say. And based on exactly what you just said, Michelle, I one of the things that I learned early on in my training, as I mentioned, to deliver the note early and often, you know, just just just don’t skirt that issue. Do not skirt the issue. I think especially with this change and the mentality that people have nowadays, it’s I was trained many, many years ago. Documentation is the key. You know, what happens is people don’t want to take the time to document, but you have to document that situation right then and there. You know, even if it’s, you know, sending a short email right after the meeting is over with, you know, to recap. So you need to put some processes in place that and also too, I think was critically important. If you put that process in place and you have the documentation when you’re not there and the other partner is the person you know you’re traveling and they’re there managing the day to day, they can actually go to that person’s personnel file or go to the HR or whatever and be able to look at what has been going on. You’ve already had the conversation about it, but the documentation, I think, allows you to be more candid without being concerned about becoming more personal or unprofessional about it.

Robin Billups: And I think that is critically important. Two things. One, don’t micromanage the weeds when you hire a stellar employee. I think that that tends to happen in companies where people go and hire the best and the brightest and then they want to micromanage them from one day to the next and always to make sure you’re doing one on ones with your with your team, you know, make sure that you have that time where you’re spending some time on their professional development and your professional development. Because I think people tend to work in their business and not on their business. And that working on that business is that documentation, making sure that they capture the vision and that the vision is delivered early and often. And my one last thing, if you have a receptionist, everybody in the company has to be marketing and business development. So when a call comes in, they can’t say, well, you know, Eric is in a meeting and can I take a message? No, how can I help you? You know that everybody that you hire has to be able to tow the barge, carry, carry the load and tote that barge, because again, you don’t have the time, the space and the money to hire people just to do a job. Right. So so keep that in mind. Please keep that in mind.

Speaker7: That’s great.

Erika Guerrero: Michelle. Like, I really feel what you are going through. I will say that having a staff is the hardest thing I’ve ever done in business, right? The human factor is not something that’s super calculated. I do want to say with hiring, you know, one of the things that I found that is the best is what are these people doing in their spare time? Because you can teach skills. You cannot teach character. And if someone’s character is I’m in my garage, tinkering, building stuff on the side doesn’t even have to be anything we’re working on. But they just have the drive and the energy to want to learn. That to me is like the most one of the most important things and characters. Characteristics of somebody I like to hire is passionate about learning.

Lee Kantor: Now, before we wrap up, I want to make sure everybody gets a chance to share the best way to connect with them. Robin, why don’t we start with you? What’s the best way to connect with you and the Billups group?

Robin Billups: You can reach me. I’m on I’m on LinkedIn. You know, I’m on LinkedIn. My profile is there. I think I say LinkedIn is the professional Facebook. And and so I would I would strongly suggest, folks, just look me up. Robin Billups I’m the Billups group. I’m on LinkedIn. I don’t I did I’m not building a huge business because I’m expecting my sons to kind of take it to the next level. Um, but I am on LinkedIn and I think that would be the best way.

Lee Kantor: And the website for the Billups group.

Robin Billups: I don’t have a website, a website.

Lee Kantor: So just. And Billups is Billups, Correct. All right. Michelle.

Speaker7: I.

Michelle Muncy: Um, we try to make ourselves accessible. So pretty much if you went to my website online parenting programs.com or just emailed Michelle at online parenting programs.com able to adjust as our company and online parenting programs is the is an easy way to get a hold of me or any of the staff. No I mean it’s kind of like just find me and the phones will roll over to me. So I in this industry, I have to be accessible whether I like it or not. So yeah. Michelle at online parenting programs.com and our phone numbers all over the website but yeah feel free to reach.

Speaker7: Out and.

Lee Kantor: Erica.

Speaker7: You can find.

Erika Guerrero: Me on LinkedIn as Erika Lauren Guerrero and our company website is Electric Gotesco.

Lee Kantor: Good stuff. Well, thank you all for sharing your story today. You’re doing important work and we appreciate you. And Pamela, before we wrap. You mentioned a lot of people ask you questions about, you know, what is the breakdown between a male and a female partner in order to be certified? Do you mind answering that question? What what is how does that work?

Dr. Pamela Williamson: So for certification, the woman owner has to be 51%. And we look at course at ownership and governance, right? So we need to make sure that that women owner is actually leading the processes.

Lee Kantor: Well, great job in putting this group together. I think we covered a lot of ground and it’s an important topic.

Dr. Pamela Williamson: I agree. I walked away with lots of nuggets. And so, Robin, definitely appreciate your nugget around. If you’re thinking about moving into a partnership, try it out first, do a couple of projects, make sure it’s a good fit. Erica I love Jaws Around. Trust that you have to truly be able to trust that the individual has your back and they have to trust that you have theirs. And Michelle, respect definitely is key to building a strong partnership. So I appreciate your comments on respect and and how you communicate and move that forward throughout the day to day. So Lee, I think we had a great group of ladies who shared lots of nuggets. And for both those individuals who are thinking about moving into a partnership, but also for those individuals who are in long term partnerships.

Speaker8: Yep.

Lee Kantor: Well, that’s a wrap for Women in Motion. This is Lee Kantor for Dr. Pamela Williamson. We will see you all next time.

 

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