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Ann Griffin with Symptom Evolution

October 27, 2022 by angishields

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Ann-Griffin-headshotDr. Ann Griffin developed and teaches Symptom Evolution, a revolutionary health care methodology that produces consistent and rapid relief of even the most complex pain conditions.

After several years in her manual therapy practice, she realized traditional diagnosis and treatment algorithms were woefully inadequate to get the kind of results she wanted for her patients. Why do two patients with the same condition get markedly different results to the same treatment? Why do symptoms return?

Symptom Evolution was developed to not only answer these questions, but create a system to dramatically increase the efficiency of health care as we know it. She holds two degrees from University of Western States and has been in practice for 12 years. Symptom-Evolution-logo

Ann still maintains a private practice in central Oregon and teaches this important work both at home and abroad. She also enjoys chasing her kiddos, rafting, skiing, and lifting weights.

Connect with Ann on LinkedIn and follow Symptom Evolution on Facebook and Instagram.

What You’ll Learn in This Episode

  • Origin and mission of Symptom Evolution
  • Frustrations of patients and doctors alike in our current healthcare climate
  • Business mindset and modeling a culture of “Elevate and Celebrate”
  • Future of Symptom Evolution and shifting our health care model

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for High Velocity radio.

Stone Payton: [00:00:15] Welcome to the high velocity radio show where we celebrate top performers producing better results in less time. Stone Payton here with you this afternoon. This is going to be a marvelous conversation. You guys are in for such a real treat. Please join me in welcoming to the broadcast with Symptom Evolution and Griffin, how are you?

Ann Griffin: [00:00:37] Oh, I’m awesome. It’s been a great day. Thanks for having me on.

Stone Payton: [00:00:40] Yeah, It’s a delight to have you on the program. I think a great place to start might be if you could articulate for us mission purpose what what you and your team are really out there trying to do for folks.

Ann Griffin: [00:00:55] Oh, same thing that you’re trying to do better results in less time. So the work that I do symptom evolution refers to a health care methodology, and this methodology is just a refinement of our question and answer or question asking during a history intake. And it’s also to identify really the root cause, because it’s one of the biggest plagues in all of health care. And it doesn’t matter what your stripe is, whether you’re a physical therapist, an orthopedic surgeon, a massage therapist, it doesn’t matter what flavor of health care practitioner you are, there’s a lot of guesswork that goes into it with our current model that we don’t really understand what’s causing somebody’s knee pain. We’ve kind of got a best guess, and so there’s a lot of trial and error, and that alone is the number one drag on. Our gross domestic product is low back pain because we can’t accurately identify what’s actually causing someone’s lower back pain, much less fix it in a consistent or an efficient manner. And so that’s the the problem that symptom set symptom evolution set out to solve is to have a much more accurate way of taking a history to get us a much more accurate diagnoses and therefore guide a much more efficient treatment progress moving forward. On average, even for very complex cases, we only treat somebody maybe 2 to 4 times and then their problem is expected to make a full resolution and not return.

Stone Payton: [00:02:23] Wow. That is incredible. I guess I already knew or felt like I knew that, you know, patients and doctors alike are probably very frustrated with the with the current health care climate. But I don’t think I anticipated the immediate and direct impact on economics, like the like the gross domestic product that. Wow, that’s alarming.

Ann Griffin: [00:02:47] Yeah. And unnecessary. We spend the most amount of money here in the United States on health care and our outcomes are pretty mediocre. So in admitting the emperor has no clothes, what we were, what our working diagnosis or our premises that we were rendering our health care was based on, there’s a glitch somewhere. And that is evidenced again by the inefficient or the ineffective care outcomes that we get. So, for example, it’s a completely acceptable course of care to see somebody 12 to 16 times in physical therapy, chiropractic, acupuncture, and you expect to have that dosage of care before you start to expect results, number one. And two, you already expect the problem to return. There is something wrong with this picture.

Stone Payton: [00:03:37] Yeah, I’ll say.

Ann Griffin: [00:03:39] Right. That’s you know, how many times do you need to bake a cookie? Right. I think you’re doing it wrong. And that’s not to disparage any of my wonderful colleagues out there in the field, but that there’s got to be a better way. There’s got to be a more efficient way, because the frustration that’s felt by patients when they see practitioner after practitioner and they can’t figure out why they’re in pain or the treatment, the trials of treatments that they’ve had maybe rendered some pretty mediocre outcomes. The problem still comes back, or maybe at worst didn’t have an effect at all or made them worse. The surgery didn’t work. The surgery made them worse. The cortisone injection didn’t work, the physical therapy didn’t work. And those patients start to lose hope because their practitioners can’t explain why they’re still having symptoms. But to enlighten patients, us as practitioners, we all get into this field because we want to be of help, we want to be of service. And when our patients come back and say, Doc, I’m worse. Doc, it didn’t make a difference. Yeah, maybe I got a day of relief, but not more than that. We feel the frustration too, but on our side to get curious about why that is, that’s really where symptom evolution was born is because as my patients were coming back and I was really good at the work that I already knew how to do, but I was still only hitting maybe an 86% success rate.

Ann Griffin: [00:05:00] And I couldn’t explain why to people with what I. It was the same knee pain. One would get better and I do the same thing for the other person and they wouldn’t y y. And there’s some patterns that started to show up. So I observed, for example, that when patients had more than three injuries, significant injuries or surgical events, and again, they’re interchangeable. The more stuff that happened to somebody in somebody to a person in someone’s life, the less likely the work I already knew how to do was going to be effective. And I also noticed if somebody had a lot of dislocations and not any broken bones, the work I was going to do didn’t work either. Just those kinds of things. So I started to do a lot of research and it really started to come together that when A plus B equals C, well, then it follows logically, the D plus equals F, and this goes all the way to Z. And when I started to apply the principles, I got amazing, miraculous, almost unbelievable results. And it just has to do with identifying some root causes that are not known by the health care profession at large yet. So on a mission to really change how we see the body and up the standards of what we think is an acceptable outcome of care I don’t think is good enough.

Stone Payton: [00:06:16] So then you find yourself beginning to educate other practitioners in this pursuit.

Ann Griffin: [00:06:23] Mm hmm. When I started to get some pretty amazing results, I was like, Oh, okay, I’m on to something. Because when I got hundreds and hundreds of patient reports and patient outcomes that were just unbelievable, I took on three students. They were practitioners whom I knew locally and it took about three months to train them. And these poor these poor first students didn’t have any visual aids. I didn’t have any lecture notes. I just firehose them with information. But we ended up crafting a course that is very digestible. The first level course is about 10 hours. It’s all done online and as I saw, these practitioners who then graduated became certified in symptom evolution, not only understand what I was trying to tell them, but apply it and they get the exact same amazing results. So this technique is reproducible that I’m not special. It’s just a few missing pieces of information that we lack as health care professionals to get the kind of efficient and effective care that both the practitioner and the patient really want.

Stone Payton: [00:07:32] You’re so energetic, you’re so enthusiastic. It comes through over the airwaves. You clearly find the work incredibly rewarding. What are you enjoying the most at this point in the evolution of this?

Ann Griffin: [00:07:46] Oh, it has to be the ripple effects. So here’s me just having lunch at the desk because I do have a private practice still here in central Oregon. Here’s me sitting at the desk just quietly eating my lunch because like a human being, like any other human being, I need some fuel to. And out comes the massage therapist to a graduate of mine and the lady who’s checking out, she’s just in tears. She’s in tears of joy because 20 years of jaw pain in one visit is now gone and she’s just so profuse. And thank you. I can’t thank you enough to this to the massage therapist. She has no idea who I am. She has no idea that I was the person that developed the work that has now changed her life. And it just makes my heart sing. So I know there will be thousands and thousands of patients that I don’t even know the names of that get the benefit of this work and can go back to being their best mom, their best dad, their best nurse, their best doctor, because they don’t have back pain. They don’t have any pain. Pain makes us grouchy. It makes us bad moms. It makes us bad wives. It makes us bad employees and bosses. When we hurt our world, hurts our lives suffer as a result of that. And so that excitement of spreading the work in and of itself makes it all worth it.

Stone Payton: [00:09:04] So have you had to to learn or create a whole different approach to the to the sales and marketing thing with with getting this course out there, this methodology out there? Or were you able to apply some of the same principles you did in growing your practice?

Ann Griffin: [00:09:20] Yeah, So great question, because when we have a product that is so what we’ll say unique or new to market, there is a great sort of untested credibility concern that comes up. So all the students that I have have had up until now, they have experienced the work personally and that’s why they decided to take the coursework. So when I travel to go cultivate a learning pod, this is quite different than I’m not selling selling fingernail clippers. Right. Everyone knows what a fingernail clipper is. There might be different brands. Some might work better than others, but you understand what it is and what it’s for. So symptom evolution because again, the work and the result is almost unbelievable. So when I go and do a demonstration with a learning pod of practitioners who are interested in the work, I have them give me set up four in a weekend to three patients that I would call a treatment failures, right where they’re coming in for the same thing. Everyone’s scratching their head and no one can figure it out. And almost wordlessly I just go to work and it takes me about 2 to 3 hours and the patient gets off the table and they say, My hip, 20 years of hip pain, it’s gone. And that’s when people really get curious. So in that regard, entering the town square, that is social media marketing, so on and so forth, I can use words, words, words all day long to trumpet the benefits and try to explain what symptom evolution is. But at this stage, seeing really is believing. So in that regard, my product, so to speak, it’s intellectual property, so it’s a bit abstract being a non tangible product already, but it’s even more abstract because it’s revolutionary.

Ann Griffin: [00:11:05] So that little piece of it, as you can imagine, I have a very multi pronged approach. You’ve got to get really creative. So yes, social media marketing is one thing, but I also have to build up my authority ship, so to speak. So I’m doing podcasts like these, spreading the word, having a long format sort of tome or body of work it’s called. So when people pop on to social media, they might get really curious about some Instagram videos that I posted or TikTok videos. They’ll go to my website, then they can read some longer format blogs or some go to some links to the podcast. So when somebody already opened the crack in the door, it’s not more Instagram posts or social media posts that really create what we call conversion, right, where somebody is interested. But what makes a difference between someone who clicks on a website versus click buy and opens up their wallet, right? So as a business owner, I’ve had some really interesting quandaries that are unique to what I do. Again, very different than selling fingernail clippers, right? You just got to seal the deal with your manufacturers and then bring that baby to market with some some jazzy marketing, that kind of thing. This is quite a bit different. And again, having a multi-pronged approach and really looking to create the credibility and the authority ship is a big, big, big part of when somebody like me has some intellectual property that’s pretty revolutionary and they’re onto something, that piece of it makes it, I guess, like a puzzle. But that in and of itself is pretty fun to.

Stone Payton: [00:12:39] Well, and you’re the kind of person who celebrates challenges. I can see that as you continue to sort of build out this this tribe and you’re building your your business, what counsel, if any, would you have to offer in terms of, I don’t know, keeping people as inspired and as as enthusiastic as you are about this and celebrating the challenge and celebrating the the wins, because obviously you’ve you’ve you’ve cracked the code on that avenue.

Ann Griffin: [00:13:11] So that’s so what you’re really harkening to is mindset. So yeah, and for all of us and it doesn’t matter if you’re a business owner or an entrepreneur or not, or if you’re just a middleman selling fingers, fingernail clippers and looking how to laterals and maximize your business or you’re focusing on margins, etc., or you’re somebody that is kind of an industry innovator or what have you. You can be a mom, you could be a dad, you could be a boss. All of those avenues invariably present us with challenges. And when we look at a challenge as a barrier, you’ll never jump over it. You’ll never you won’t even try. You’re defeated before you begin. And the opposite of fear is curiosity. So I knew instead of being afraid, no one’s going to believe me. Instead of that, I got curious How can I get people to trust what I’m saying? What have other people done? And when we get curious and we learn from those who’ve gone before us, and sometimes that means throwing out the book, that’s that everyone else is reading, right? Sometimes you just sometimes you have to reinvent the wheel, right, and go go with your gut. But I don’t think that I need to waste 3 to 5 years chasing my tail or doing it the hard way. And that has a lot to do with what we believe. So if, for example, in parenting or an employee employer relationship, the boss that yells at his employee, he’s just out of ideas, right? He just doesn’t have another tool in his belt.

Ann Griffin: [00:14:49] The number one guidepost for me is if I ever feel uncomfortable and that can be bored, lonely, frustrated, angry, afraid, whatever it is, if I ever feel uncomfortable all the. It doesn’t mean that something has gone wrong, but it does mean that I need a tool that I don’t currently have. And that’s where Curiosity comes in. It’s like, Well, I feel really frustrated about that technological platform. How can I make this fun, right? How can I turn this into a game? And the love of learning is so far outweighs my fear of looking stupid or getting it wrong. That right there, there’s no such thing as a barrier for me. Everything is an opportunity to learn. I just had a patient coming in today in tears because she was in so much pain. I’d seen her twice. She was great and then all of a sudden pain out of nowhere. And she says, I feel like I’m going backwards. So we had that conversation and we both got curious. I just learned how to recognize congenital stenosis in a 19 year old. Who would have thunk it, right? So instead of getting afraid, Oh, I’ve done something wrong. I’ve made this patient unhappy. I’ve lost a customer. I was like, What’s this about? And every time curiosity turns that barrier into a stepping stone or a springboard, it’s amazing.

Stone Payton: [00:16:12] Well, it makes perfect sense to me that the most powerful lever in this, this movement, if you will, is educating, inspiring practitioners. Is there any room in this pursuit to equip the patient to somehow make it easier to help create a symptom evolution climate in the in the conversation in the room? Is there anything from the patient side?

Ann Griffin: [00:16:40] Yeah. So think about let’s let’s let’s look at a different field. For example, think about the therapist that works with somebody for 30 years, like a talk therapist. A psychologist? Yeah. I would question your methodology. Why do you need to keep saying them? Because the huge part of the psychiatry field, et cetera, is to give tools, is to teach self sufficiency. Right? To teach people to fish, not to give them the fish. Right. Not to create that reliance. And that in and of itself is embedded in sort of the inherent flaws in the framework of how our are United States health care is structured because we incentivize quantity of care because it’s the far most profitable thing to do is very extractive, right? You make a lot of money when somebody needs you over and over and over. Right? So a big part of how a patient can get the most out of the care that they do have available to them. And again, I’m not disparaging my very talented colleagues in all flavors. I do refer out for drugs and surgery. I do refer out for physical therapy. We all have our own gifts to bring. But the patient who might be listening to this, or somebody who owns a human body, everyone to get the most out of the care that you are able to access is again, get curious was like, Well, you’re saying such and such.

Ann Griffin: [00:18:02] What happens if I add some foam rolling into the mix or you know, Doc, I like what you’re saying and I’m definitely feeling better. And I understand the course of care that you’re recommending. What are my other options? What can I do? Is there anything that I can do that would affect this? Or when somebody isn’t getting the effectiveness out of the care that they believe is possible? It doesn’t mean that you’re rejected that practitioner as a person, but it may not be the right key for your lock. Don’t kid yourself. Well, you know, I’ve seen you five times and it’s helping, but my issue keeps coming back. I want to do some digging. I want to go look around the patient that gets curious, both with whether they stick with the form of care they’re in or they look around or they do some research on their own. The patient that gets curious is always going to have a much, much, much better outcome and a faster outcome, better results in less time. And it’s just because your is based on our each of our individual willingness to do as much as we can where we can.

Stone Payton: [00:19:05] You have so much going on and so much to to do and you seem to be up for it from an energy standpoint. And I know I mean, you’re human. You got to sometimes run your tanks got to run low occasionally. When that does happen, where do you go? And I don’t I don’t necessarily mean a physical place, but to to to get inspired and sort of recharge. Where do you go for that? How do you do that?

Ann Griffin: [00:19:33] Oh, that’s a great question. So the the the not so mythical beast of work life balance, right? So even though my work juices me to the max, I am absolutely. I know with every fiber of my being this is what I’ve been put on this earth to do. I like to do other things too. So most of the time it’s simply a matter of scheduling. It’s a matter of self-compassion. When I let something fall through the cracks or if I drop a ball, it means I’ve got too many balls and I need to recalibrate what’s going on. So again, just like with the physical body, when we’re asking somebody about their knee pain, etc., there’s things that somebody’s knee pain behavior means. It doesn’t mean just because someone has knee pain doesn’t mean they have knee cancer. That’s not what that means. Similarly, if I’m overworked, fatigued, tired, resentful, it doesn’t mean something’s gone wrong, but it does mean something’s out of balance. And sometimes the tool that I need to recalibrate is how well I manage my time. Other times it might be how well I can delegate or, you know, I thought I needed to do this, but I think my assistant can take care of that. Sometimes it’s releasing all all of our first and worst vice, the illusion of control. Sometimes things just aren’t up to us. And to be able to admit that because when we drop the ball, it doesn’t mean that we’re a bad person and we suck at our jobs.

Ann Griffin: [00:21:01] Or we should just give up now. Oh, you idiot. I don’t let those those kinds of voices, they don’t even get to enter into my brain. I have long since kicked them out of my court, and it’s simply because it doesn’t get me anywhere, you know, berating yourself for a perceived mistake, etc. never moves the needle forward. You just it’s a blind alley. It just leads to a waiting place where you go nowhere and you do nothing. So when I run out of juice, oh, I do all kinds of things. I go weightlifting, I raft, I hang out with my kids, I read books that don’t matter. All that and every day it might be a little bit something different. Some days I don’t get as much me time as possible. But it is really important that if I’m uncomfortable, something’s out of balance and it doesn’t have to be that way. I’m not secretly a marine where I just think, you know, the more the harder, the better. I don’t believe in that. I don’t believe that struggle is the defining the definition of success. Right. I don’t think that I know that we can all do hard things, but we don’t have to do them the hardest way.

Stone Payton: [00:22:06] I am so glad that I asked. I found all of that to be incredibly helpful counsel. But what I wrote down in my notebook was read books that don’t matter.

Ann Griffin: [00:22:18] I try to rotate them, so sometimes I read a book about mindset or social media marketing or I have that in there. Right now I’m reading the Midnight Library by Matt Haig, Whoever you are out there, thank you for this book. Another super fun one. I like to double dip. If you haven’t read, you’re a badass by Jensen Churro portion. She swears a lot. It is hysterical. And it will. It is just a game changer. And the magic of of whether it’s what will, say, books that don’t matter or books that do matter. Or is this. Am I? Do I think I need to get something out of this or is this just going to be what it’s going to be thoughtful digestion of whatever’s presented, even if there’s only a little speck of gold in there, you can turn it into a fountain by letting it affect you, giving it some meaningful digestion, absorbing what’s useful and letting the rest go.

Stone Payton: [00:23:15] Well said. All right, so what’s next? And when I say next, I’m really talking about short horizon. I don’t know. Maybe 6 to 18 months. Yeah.

Ann Griffin: [00:23:26] What’s next? Again, the cultivating learning pods to make symptom evolution a modality that’s available in as many places as possible, and then refining the refining. You know, my third or second elevator speech, we can always be better. I don’t remember who said this was Abraham Lincoln. He said, if you if he asked me to write a speech that’s an hour long, it’ll take me a day. If you ask me to write something that’s two sentences that’ll take me three months. Yeah. To to be really, really concise in my ideas and my beliefs and just, like, symptom evolution as a methodology. Faster results in less time. That goes for myself to and not because I’m running out of time. Everything that I have is enough. The 16 to 18 month window is enough to start to see the change that I know is possible in this world. And again, the vehicle that I’m choosing to use is via health care innovation. But this is available to us all. And I’d invite everyone. Think different. Think lateral. Think upside down.

Stone Payton: [00:24:42] All right. Let’s make sure that our listeners have an easy way to tap into your work, maybe connect with you or someone on your team. Yeah, whatever’s appropriate. I just want to make sure that. That we give them an easy path to to to continue this conversation in this pursuit.

Ann Griffin: [00:24:58] Yeah. So for my social media platforms, all of my handles are the same, and it’s at Symptom EVO and you can also visit my formal website symptom EVO and there is a contact form you can get directly to me. I don’t have a CEO yet, so when you write an email on the contact list, it goes right to me and I respond very promptly.

Stone Payton: [00:25:19] Well, and it has been an absolute delight having you on the show this afternoon. Thank you for sharing your insight, your perspective, and mostly your energy. I just I have had the best time visiting with you and you’re doing such important work and we sincerely appreciate you.

Ann Griffin: [00:25:39] Oh, so are you stone like hats off to you. You’re just elevating and celebrating everyone. And I think it’s marvelous. Don’t stop.

Stone Payton: [00:25:48] Well, thank you. I’ll try not to. And it’s been my pleasure. All right. Until next time, this is Stone Payton for our guest today, Anne Griffin with Symptom Evolution. And everyone here at the Business Radio X family saying we’ll see you in the fast lane.

 

Tagged With: Symptom Evolution

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October 27, 2022 by angishields

Filed Under: Uncategorized

Business Broker David Jacobs

October 26, 2022 by angishields

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Buy a Business Near Me
Business Broker David Jacobs
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David-Jacobs-headshotBusiness Broker David Jacobs helps owners of software and services companies across the USA to sell their businesses.

He does this using his large network of active buyers and past experience as a business owner with a successful exit.

David works with you and your existing advisors (attorney and CPA) through the entire process from initial discussions, valuation, packaging, finding potential buyers, negotiating deal terms, due diligence, closing, and transfer of funds.

His ideal client is the owner of a software, eCommerce or service based company having revenue between $3m-$20m and 15-50 employees within the USA. David’s clients typically receive multiple offers. He get deals done.

Connect with David on LinkedIn.

What You’ll Learn in This Episode

  • Differentiate main street vs lower middle market as it relates to business sales
  • Differentiate tech (software, ecommerce) companies from manufacturing and services as it relates to business sales
  • Valuation vs deal terms
  • The Broker’s dilemma with respect to asking price vs selling price
  • Why so few businesses brought to market actually sell

This transcript is machine transcribed by Sonix 

TRANSCRIPT

Intro: [00:00:07] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for Buy a Business Near Me, brought to you by the Business Radio X Ambassador program, helping business brokers sell more local businesses. Now, here’s your host.

Stone Payton: [00:00:32] Welcome to another exciting and informative edition of Buy a Business near Me. Stone Payton here with you this afternoon. Please join me in welcoming to the broadcast business broker David Jacobs. How are you, man?

David Jacobs: [00:00:47] I’m good, thanks so much. Stone Glad to be with you.

Stone Payton: [00:00:50] Well, we’re delighted to have you on the program. I’ve got a ton of questions. I know I’m not going to get to all of them, but I’m thinking a good place to start is mission purpose. What are what are you and your team really out there trying to do for folks?

David Jacobs: [00:01:04] Well, you know, I was an entrepreneur in a past life and I went to sell my business, sold it myself. And it’s just not the way you think it’s going to be. And after I got the deal done, which took me almost two years, I thought, you know, there’s probably an opportunity here to help other business owners put together a nice, clean deal and allow them to sell their business and go on to the next phase of their life.

Stone Payton: [00:01:28] So now.

David Jacobs: [00:01:29] Have you found others?

Stone Payton: [00:01:31] Have you found yourself gravitating to a certain type of business or a certain area of the country? Have you tried to niche at all?

David Jacobs: [00:01:41] I did. So in the business broker world. We we generally and it’s slightly different by state depending on the regulations, but in most states we can do deals up to probably $30 Million. And within that, that subset of transactions, there’s two, there’s two markets and they’re pretty distinct. There’s the main street, which is I think what most people are familiar with, and these are restaurants, bars, liquor stores, auto repair, dry cleaners. A hot one right now is landscaping businesses, just nice businesses. They earn the owner a very good income, but they’re very geographically focused. And then. And that is not my focus, even though there are people I work with that do do those types of businesses up here in Northern California. I’ve chosen to specialize in a few industries that I know a lot about and work with clients all over the United States. The primary one is software companies, so I work with software and SAS businesses all over the US. My clients have 3 to $20 Million in revenue and 20 to $50 or 20 to 50 employees. And the reason that the lower middle market is different than a main street market is the main street is very geographically focused and you’ll find that almost all the buyers will be local, whereas my buyers are usually private equity funds or large corporations, and they’re looking across the country to find good businesses to buy. So it’s a slightly different buyer mix and that’s why the markets are different.

Stone Payton: [00:03:19] Well, it sounds like it must be incredibly rewarding work, man. What are you enjoying the most?

David Jacobs: [00:03:26] You know, there’s a couple of aspects about it that it’s a lot of fun. And I keep telling my sellers that they’ve been selling products all, all their life and they want to chase after the buyers. And I keep telling them, hey, remember, there’s only one business like yours. And if we can package it and make it really clear what you’re doing and how you’re doing it and the reason that the business exists and get it in front of the right buyers, you should get multiple offers. And it’s it’s just fun to work with them. And, you know, we build a relationship and we build up the trust. And then when I when I deliver what I say, I’m going to deliver and bring them multiple buyers and they’re looking between different deal structures, it’s just very rewarding.

Stone Payton: [00:04:08] So tell me a little bit about the valuation process that and I, of course, am uneducated and uninformed on the topic, but it seems like that would be a big hairy part of the process, especially for a first time seller or buyer.

David Jacobs: [00:04:27] Yeah. So know Main Street. The main street valuations are fairly straightforward and that’s usually a multiple of which is seller’s discretionary earnings. And if you Google it, there’s lots of descriptions of it online. It’s really how much economic benefit the owner can take out of the business. So it’s a salary plus whatever kind of dividends you pay yourself. And if you run some personal expenses through the business, which most people do like a car or your cell phone, internet, all that gets added back into the stock. And then there’s a multiple applied to it, generally ranging between 3 to 5 times, depending on what industry you’re in and how attractive it is. And the multiples do climb as the businesses become bigger in the lower middle market, it works in a very similar way, but sometimes like in software, there are assets that are being purchased that aren’t necessarily the cash flows of the business. And what I mean by that is a business might, let’s say, have $1,000,000 in revenue, but it might have it might be an app or something like that with 10 million active users. And if you can find the right buyer, they might be more interested in the users that you’ve acquired and the ability to sell other products to them as opposed to the cash flow that the business generates. And that’s that’s where the specific knowledge of the industry comes in.

Stone Payton: [00:05:48] So in your world, is there is it common for there to be a delta between the asking price and the selling price, or is it usually pretty close to what what the deal ends up going for?

David Jacobs: [00:06:02] So when I work with my software clients in the lower middle market, we usually I tell them to think about a low, a minimal acceptable offer. And really this just helps me screen out all the unqualified buyers. So a technology listing will attract a lot of attention, potentially hundreds of inquiries. And I just need a quick way. If somebody thinks their business is worth $10 Million and they won’t, they won’t consider anything less than eight. And I find a buyer who only has $5 million. It’s it’s very clear that that deal is not going to happen and it’s important to filter them out. What you do find when you get down to the the 5 to 10 qualified buyers that we’ve met, the seller, there’s a good connection there. Both personal and business strategy in the offers start coming in. The offers are going to be all over the place and the deal terms will too. And that’s why I think that kind of personal connection between the buyer and seller is really important. Somebody might offer $10 Million, but it’s 5 million cash and 5 million is an earnout and somebody else might come in and offer 8 million cash and 2 million as a seller note. And you need to be able to compare and contrast the differences. And that’s really up to the client to decide which offer they want to accept.

Stone Payton: [00:07:24] Yeah, we’ll say a little bit more about that, if you would, because I’m learning from hosting this show that that deal structure, there’s a lot of different ways to get the the deal done. It’s not always just a one big check at the at the table.

David Jacobs: [00:07:39] Yeah. When these small businesses sell it’s I’ve never seen one big check where you know you hand them the keys, they hand you a check and that’s it. It doesn’t work that way. There’s always some kind of a hold back. And it’s really just to protect the the buyer from something that’s not disclosed by the seller. If there’s a lawsuit or a tax lien or something that the buyer doesn’t know about, they got to have a way of getting you back on the phone. So there’s always going to be some kind of money held back. And sometimes it’s one plus one is three. And the the seller thinks they want to sell and they meet the right buyer and they get excited about working together and the seller will sell a portion of their business. Maybe they’ll hold on to ten or 20% and they now they have a business partner and they’re well capitalized and they go off and build an even bigger company and work on an exit five years from now and get a second bite at that apple. So it it’s really just it’s finding the right people and connecting together. And then you find the right people with the right deal. The it usually happens kind of automatically kind of like dating and love at first sight. I guess.

Stone Payton: [00:08:49] So. So how does the whole sales and marketing thing work for you and your firm? Do you get out there and shake the trees or are you already working with active buyers or is there a little bit of both? How do you get the new business?

David Jacobs: [00:09:06] Yeah. So most of my clients come from referrals and they actually come from the referrer is usually a buyer for a previous listing that I had. So I spend a lot of time and effort upfront documenting the business and putting together a well structured information memorandum and. I think when the buyers see it, some of them are appreciative of how much time I’ve saved them in their initial due diligence. And when they hear of somebody else that wants to sell and maybe they’re trying to find their way and navigate all the different intermediaries that are out there. My name gets mentioned and those have always been very good clients for me.

Stone Payton: [00:09:51] So I’d like to learn a little bit about your perspective on timing. And I have a very personal, real example. My business partner and I, we own the business radio network. We’re not entertaining ideas of Exit right now, but I suspect if we were if we were, we shouldn’t be trying to get all this done now and try and try to exit next year, right? I mean, you got you got to give yourself some time to get get your ducks in a row, right?

David Jacobs: [00:10:22] Yeah. I mean, just like with any sales process, time kills all deals, right? So when you decide it’s time to sell and you don’t sell a business this week, it takes a few months to get a deal together. But you really need to prepare and get all your documents ready. You’ll need financial statements and copies of your contracts and just getting everything ready because there’s a lot more businesses for sale than there are qualified buyers. And once you get the right kind of buyers attention, you don’t want a delay where they start getting distracted on another opportunity. So being ready to go is, I’d say, key. And once you decide it’s time to do a deal, it’s time to do the deal. And you should be heads down trying to find a buyer for your business.

Stone Payton: [00:11:09] So where do these things come off the rails and not get? So it’s my impression that there are a lot of businesses, you know, are put on the market and fail to sell. First of all, is that an accurate impression? And if so, I mean, why?

David Jacobs: [00:11:26] Yeah. So, you know, the the industry floats around a number. Something like 80% of the businesses that come to market fail to sell. Ouch. Which is just tremendous. And our trade group, which is the eBay and they have a collaboration, I think it’s with Pepperdine University down in Malibu, California. They study this and they claim that of the businesses that fail to sell over half of failed to sell because the business is mispriced. And I think what happens is business owners and I mean, this was my situation when I attempted to sell my business myself. You read the you know, whether it’s The Wall Street Journal or the popular press, wherever you’re getting Yahoo Finance, wherever you’re getting your business news, and you see these articles about these high tech companies that get sold at 50 or 100 times earnings or 30 times revenue, and you think, well, they got 30 times revenue, I have a nice little business, maybe it’s worth 15 times revenue and it’s just completely divorced from reality. And the first thing that a really good business broker should do for you is to set realistic expectations by showing you past transactions that have closed and kind of what the multiples were in those deals and why why it sold for three times as the E and not five times. And it’s actually a little quirk in our industry where some of the brokers who charge retainers I do not they have a very perverse incentive to really inflate expectations in order to get the listing and to extract that retainer every month. And then at the end of the 12 or 18 months when the seller is upset because the business didn’t sell, the broker says, well, it was overpriced. And my statement to that is you didn’t set the seller’s expectations in the beginning. You extracted 18 months of retainer and did you really plan to sell the business for what you said it was worth? Or did you have some other kind of motive behind this?

Stone Payton: [00:13:31] There are so many moving parts to this. There’s the initial conversation, there’s valuation, there’s the framing, the packaging of the opportunity, there’s finding the buyers, there’s negotiating the deal. And in the deal structure, there’s the due diligence, there’s the the closing, there’s there’s the transfer of money. Do you find yourself working a lot with other trusted advisors to to help execute on some of this?

David Jacobs: [00:14:00] I do you know, I would say that the and this is what makes this job a lot of fun but also difficult and I like the challenge is you’re selling something the equivalent of an office building right it’s a 5 to $15 Million transaction so it’s a lot of money. But unlike an office building or a piece of commercial real estate, there’s nothing to see. You can’t go inspect a software company and see if the foundation strong or the roof needs to be replaced. It’s there all in. Tangible assets. So that’s that’s the challenge and the fun of this business. But as I work with my clients, we always work with a corporate attorney to craft the documents. Whereas a Main Street transaction will use a form in the lower middle market. They’re almost always customized purchase agreements created by attorney. And we usually have an accountant involved to produce the financial statements and the tax returns, because that’s that’s kind of what your what you’re selling.

Stone Payton: [00:15:06] Yeah. All right. I’d love to leave our listeners, buyers and sellers alike, if we could, with a couple a couple action items. I’ll call them pro tips. Just things we ought to be thinking about doing, not doing reading. Look, gang number one pro tip is reach out and have a conversation with David or somebody on his team. But, you know, like like if we’re really starting to to get our arms around this idea what are what are a couple of things we maybe should be doing buyers and sellers alike if you could.

David Jacobs: [00:15:38] Well, you know, in the end, I think this is really a transaction between people. So if if you meet somebody and they’re telling you a story that’s too good to be true, I’d be very skeptical.

Stone Payton: [00:15:48] Hmm.

David Jacobs: [00:15:51] But there are there are for buyers out there. There are lots of very good brokers that really want to do the right thing and help you buy a business and make it put together a good, clean deal. And there’s obviously a number of very good businesses out there, but it takes some digging to find them. And for the sellers, I would say the opposite is also true. There are plenty of buyers out there that are looking for a business potentially just like yours, and they’re willing to pay a fair price. They don’t want to overprice overpay, but they also are realistic and they want you to be happy with the transaction and help them transition the business. And they realize that a key part of having your buy in on the transaction is paying a fair price. And all of this is it just comes down to meeting people and the right brokers can kind of plug you into their existing networks because they do this all the time and it just save you a lot of time and a lot of headache and a lot of mistakes. That first time business sellers or buyers usually do on the first go round of this.

Stone Payton: [00:16:57] All right, man, what’s the best way to to reach out, have a conversation with you, learn more about these topics, whatever you feel like is appropriate. Email, LinkedIn, website. I just want to make sure folks can get connected with you and tap into your word. Man.

David Jacobs: [00:17:13] Sure. So I have a website that I run. It’s David Jacobs, business broker dot com. You can also call me for 152978562 and I live on email so that’s that’s probably best. It’s David Jacobs at ZBB Corp. Dot com.

Stone Payton: [00:17:33] Well, David, it has been a real pleasure having you on the show this afternoon. Thanks for investing the time and energy to visit with us and share your perspective and insight. This has been a very informative conversation and I certainly appreciate you doing it, man.

David Jacobs: [00:17:50] Well, thanks so much, Tony. It was it was great talking to you.

Stone Payton: [00:17:53] All right. Until next time, this is Stone Payton for our guest today, David Jacobs, business broker and everyone here at the Business Radio X family saying we’ll see you next time on Buy a Business near me.

 

Tagged With: Business Broker David Jacobs

Kerrian Latty with Number 1 Business Brokers

October 26, 2022 by angishields

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Buy a Business Near Me
Kerrian Latty with Number 1 Business Brokers
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Kerrian-Latty-HeadshotKerrian Latty can help anyone sell their business! She is very in touch with the market and the people who are moving it forward.

As a Connecticut business broker and licensed realtor, Kerrian is well equipped to assist you in all types of M&A and business brokerage dealings.

With a degree in economics from Fordham University and the depth of her personal experience as a business and real estate owner, Kerrian is someone you want on your side!

When not working on a deal, she is with her children or in the studio, pursuing her art as a boudoir photographer.

Connect with Kerrian on LinkedIn and Instagram.

This transcript is machine transcribed by Sonix 

TRANSCRIPT

Intro: [00:00:07] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for Buy a Business Near Me, brought to you by the Business Radio X Ambassador program, helping business brokers sell more local businesses. Now, here’s your host.

Stone Payton: [00:00:32] Welcome to another exciting and informative edition of Buy a Business Near Me. Stone Payton here with you. You guys are in for a real treat. Please join me in welcoming to the show with number one business brokers. Ms.. Kerrian Latty, how are ya?

Kerrian Latty: [00:00:49] I’m good. Thank you for having me. Yeah.

Stone Payton: [00:00:52] Really been looking forward to this. I got a lot of questions. I’m sure we won’t get to them all, but I think a good place to start might be just for you to share with us. Mission, purpose. What are you really out there trying to do for folks?

Kerrian Latty: [00:01:08] Basically the mission statement is I help business owners exit and I also let them exit tax free. So what that entails is a lot of education to business owners because two thirds of businesses close instead of selling. So it’s teaching them that you can sell because a lot of people only think you can sell real estate. They don’t think you can sell a business. So it’s always, what’s a business broker? Then the other facet is teaching them how they can exit tax free. So my main job is education at first, and then finally the rest of it is the sale.

Stone Payton: [00:01:50] How in the world did you get into this line of work? How did you start doing this?

Kerrian Latty: [00:01:57] I’ve always worked some type of facet with a business broker in New York. I used to work with start ups, working on their ideas, writing their business plans and so forth. And then I just, you know, over the years, I’ve had a couple of kids. We won’t go into how many. And so for the last five, I’ve transitioned to listing businesses and selling. And once in a while I’ll work with buyers too, and find them a listing of business that they want to buy.

Stone Payton: [00:02:33] Well, I would think that that would be incredibly interesting and very rewarding work. What are you enjoying the most about it?

Kerrian Latty: [00:02:45] Obviously closing day is my favorite day, but it is actually a very long and tedious sale. So I always go in initially telling the business owner, we got to like each other because we’re going to be with each other for a lot of months. I’m going to be very nosy. You got to tell me all about your financials. You got to tell me what you don’t put on tax return and all that stuff. So because I have to in turn be you all the time till I find qualified buyers. So it’s more it’s more about we got to make sure we mesh well and you can work well together first. Before I even talk about my sales skills. I’m an excellent negotiator, but all that stuff doesn’t come into play until we have the right buyer.

Stone Payton: [00:03:34] Well, you bring up an interesting point because I think I certainly had this impression before hosting this particular show, and I think maybe a lot of people do. I always envisioned the the business brokerage world as being far more transactional, but it sounds like relationships are really critical.

Kerrian Latty: [00:03:56] Yes, it it is transactional. However, you’ve got to win everybody over first, because sometimes I’ve got to win the buyer over to make sure that sometimes I have a listing that I need them to pay a premium because there’s contracts in the future and all that stuff. So it’s it’s very transactional, but those all those transactions have to relay into good relationships.

Stone Payton: [00:04:22] So talk to me a little bit about timing and we’ll use what we use me and Lee as an example. My business partner, Lee Kantor and I, we own the the Business Radio X Network. We’re not in a hurry about it, but, you know, at some point we might be interested in learning how to navigate an exit. How far out should we be consulting with you before we’re ready to pull the trigger?

Kerrian Latty: [00:04:51] I like to talk to people when they are obviously like 3 to 5 years ready to pull the trigger.

Stone Payton: [00:04:57] Wow. Okay.

Kerrian Latty: [00:04:59] Because I’d rather get your premium. And that’s why I try to explain the business owners when they’re like, Oh, I’m going to retire in five years, so I’m going to cut back. And it’s like, No, I want to get you top dollar. So the last thing you do is not cut back. You’re better off selling now or you’ve got to keep the business running. But I like to talk to business owners now that want me to list it in 23 or 24. It’s it’s better for you to hear from me what you need to do to get all your ducks in a row so we can get you to top dollar.

Stone Payton: [00:05:36] So. So let’s talk about that a little bit. What ducks in particular do we need to get in? I would think clean books would surely be one of them, right?

Kerrian Latty: [00:05:46] Yes. Yes. Clean book is always is perfect. But the beauty of a of a business broker is we’re able to talk to you about what you need to clean up and we can work with your CPA and your attorney. Also. Sometimes it’s you want to sell, but your partner doesn’t. So that could be where we start talking now. So we see what the partners objections are and we can work work out something between the two of you. So maybe you want to sell your portion or maybe he doesn’t want to sell until five or ten years more. So it’s all about finding out your whys, what’s going on and so forth.

Stone Payton: [00:06:26] So in terms of structuring the deal, it’s my understanding there are a lot of different ways to to skin that cat, as it were. It doesn’t necessarily have to be one big check at the table and then we’re done. There’s different ways to get to do this, aren’t there?

Kerrian Latty: [00:06:45] Correct? Correct. There’s ways that we can do seller financing because obviously everybody knows about the SBA, but sometimes the SBA doesn’t work out with businesses that don’t have great books. So seller financing could be in play. There could be you get a check at the closing day, but there’s earnout. So every year the new owner will open the books and say, We made this and you projected X, so we’re going to cut you an additional check because of that and so forth. So a lot of buyers like having some type of seller financing. So this way they know the seller is vested in the business and invested in the transition. Like, I have a buyer that he has tons of money, but he always purposely holds back some of it to make sure the transition is smooth and make sure that whatever contract or customers that were with the business stays, then he pays out the rest in a couple of months, but he’ll lie and say, I won’t pay you that out for two years at X amount per month and so forth. But it’s just a way to make sure that the seller is truly vested in the sale and going to transfer over everything possible to make the new buyer successful.

Stone Payton: [00:08:07] So how does the whole sales and marketing thing work for for a practice like yours? Like you mentioned, not only were you talking about a seller, but it sounded like it’s a seller that you’ve worked with on on multiple deals. How do you get to to how do you get new clients like that?

Kerrian Latty: [00:08:26] Yes, sometimes it is sellers that we work with on multiple deals because, you know, once you’ve bought one business, you’ll buy another one. So you have some serial entrepreneurs that I deal with. I have some investment groups that I deal with overseas that are looking to buy here in America as well. So a majority of it is always networking. I always have that business broker on because you never know who you’re going to meet and stop and shop at a gas station. But the biggest thing is just keeping your name out there like we’re on Best Buy. Sell is the most popular. There’s another company that deals with more European sales. I apologize. The name’s not coming to me now, but there’s a couple different avenues that we advertise and market ourselves well. And then I’m on social media. It hasn’t gotten me tons of clients, but once in a while I’ll get one or two, so it helps.

Stone Payton: [00:09:27] So I want to hear more about this idea of exiting tax free that that got my ears perked up a little bit. Speak a little bit more.

Kerrian Latty: [00:09:35] Yes. Yes. I work with a financial advisor. He’s located he physically lives in California, but he’s licensed in almost every state here. So he’s able to help me regarding business listings and also the typical landlord that doesn’t want to sell either because they don’t want to pay capital gains. So they’re like, Oh, I’ll leave it to my kids and let probate courts sell it. And probate court takes so much in taxes to it doesn’t make any sense. So once we get in front of a seller and we can explain how the two of us work well together, it’s a win win for everybody.

Stone Payton: [00:10:18] So. You have so much passion and energy and it comes through the airwaves. And I know, you know, you’re a mother, You’re you’re busy. You’ve got to you got to run out of gas from time to time. Where do you go? And I don’t necessarily mean a physical place, but where do you go to kind of get recharged and inspired and fill the tank back up so you can serve these folks properly?

Kerrian Latty: [00:10:51] The biggest thing is I do stop during the day and pray. So like at 12, I’ll stop for a couple of minutes and I pray at night before I go to bed. And that entails really just turning off the TV, everything. And I’ll read a couple of chapters of whatever book I’m reading at the moment. I’ll relax, meditate sometimes, but that’s that’s my best way to recharge. Is that alone time and a couple of minutes of prayer.

Stone Payton: [00:11:22] So have you had the benefit of one or more mentors as you were getting into this business? Someone to kind of help help you learn the land, the landscape?

Kerrian Latty: [00:11:35] Yes, I’ve always had some type of mentor, and I’m actually looking for a new one now because I want to get into a couple bigger transactions as as we look at it, because, you know, once you close your biggest deal, then you’re like, Oh, let me go for bigger stuff.

Stone Payton: [00:11:55] So. Right.

Kerrian Latty: [00:11:55] Right. Yeah. So it’s a small attempt, like I do have the children. So sometimes I can’t always be in New York at the drop of a dime, but I do always attempt if I close a deal in it and I think it’s my biggest now, I’m like, okay, now I have to go after something bigger.

Stone Payton: [00:12:16] Now, did I see somewhere in my notes that you are also a photographer, like with a studio and the whole the whole bit, right?

Kerrian Latty: [00:12:26] Yes. Yes. I’m an artist at heart. Years ago, like in college, in high school, In college, I was a photographer, so I’ve always had my camera. So if somebody calls me now for a wedding, I will try and work with them and shoot it. But I’m necessarily my niche. Is boudoir photography The problem? Why I don’t bring it up too much is because people just hear it and then they think, Oh, nudity, porn. And it’s not. It’s art. The human body is art. And I wish people would realize how beautiful it is.

Stone Payton: [00:13:08] Well, I imagine that would be a terrific outlet for your creativity. Another way to kind of recharge and I love to hear when people are fired up about anything, you’re clearly fired up about your business and your vocation. But but I mean, I love it when I get a chance to visit with people and hear about other aspects of their of their lives. And it sounds like you really enjoy that as well.

Kerrian Latty: [00:13:33] Yes, I do. I think I’ll be 80 still shooting because it’s it’s a love for me. So and that’s that’s the beauty of me in general. I haven’t worked a day in my life in years, decades, because I love what I do with with helping business owners transition and retire well. And then on the weekends when I’m shooting a woman that has low self-esteem and I show her the back of the camera how sexy she really is, it’s so empowering, you know? So her and I feel great at the end.

Stone Payton: [00:14:12] That is fantastic. All right, before we wrap, I’d love to leave our listeners with a few actionable items, a few pro tips. And I mean, number one, pro tip gang, if you’re thinking about buying or selling and want some insight and you want to visit with someone that has some genuine expertise and specialized experience in this arena, reach out and have a conversation with Carrie or somebody on her team. But Carrie, could we maybe leave a couple of pro tips for for buyers and sellers alike so that they can begin to get focused on the on the right, on the right things if they’re entertaining this idea of buying or selling.

Kerrian Latty: [00:14:55] So for sellers, my biggest tip is take the emotion out of it. Then once we talk and we do it, valuation of your business is worth this, understand? That’s the number. And also I like for businesses to be open and let me know fully everything that’s going on, which is good for buyers. My biggest thing also is take the emotion out of it. You don’t have to buy something you love you when you’re buying, you’re looking for something that makes you money. And also the biggest takeaway for both of them is to be honest about your numbers because as a seller, it comes out during due diligence and then as a buyer, it’s going to come out when you need to show your financing to make the purchase.

Stone Payton: [00:15:45] Well, I’m glad I asked because, I mean, these are things that we need to be thinking about. And as I shared with you, it’s these are things Lee and I need to be thinking about. And apparently much sooner than I anticipated.

Kerrian Latty: [00:15:58] Yeah. Like we get people sometimes that are like, Oh, unfortunately, I’m ready to retire the end of the year. And you’re like, But it’s October, you know? So we definitely like for you to reach out earlier so we could come up with a good game plan.

Stone Payton: [00:16:18] Okay, What’s the best way for people to reach out, have a conversation with you or someone on your team, learn more, tap into your work, whatever you feel like is appropriate. Website, email, LinkedIn. I just want to I want to make sure folks can connect with you and start to tap into your work.

Kerrian Latty: [00:16:34] So the easiest way to get in touch with me is obviously by email. My full government name is Korean Lady so k e r r iron latte latte y at mi Mi.com. If you’re on Instagram or TikTok, you can find me under the name money for you Broker and that’s Mo and y the number for the letter U and then broker and also on LinkedIn. I’m Korean lady as well.

Stone Payton: [00:17:09] Well, Kerry, it has been an absolute delight having you on the show today. Thank you so much for for sharing your insight and your experience and expertise. What you’re doing is so important. It sounds like you’re doing a marvelous job with it. And we we sincerely appreciate you.

Kerrian Latty: [00:17:28] Thank you so much for having me. I truly enjoyed this conversation.

Stone Payton: [00:17:33] Me too. All right. Until next time, this is Stone Payton for our guest today, Carrie Latte with number one business brokers and everyone here at the Business Radio X family saying we’ll see you next time on Buy a Business near me.

 

Tagged With: Number 1 Business Brokers

WBENC 2022: Jennifer Barbosa with International Supply Partners

October 26, 2022 by angishields

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WBENC 2022: Jennifer Barbosa with International Supply Partners
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Jennifer-Barbosa-GWBC-WBENC-National-ConferenceJennifer Barbosa, International Supply Partners

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia, it’s time for GWBC Radio’s Open for Business. Now, here’s your host.

Lee Kantor: [00:00:18] Lee Kantor here, broadcasting live from WBENC’s National Conference 2022 inside the booth of GWBC, booth 1812, if you want to come by and see us. Right now, we have Jennifer Barbosa and she is with International Supply Partners. Welcome, Jennifer.

Jennifer Barbosa: [00:00:35] Thank you.

Lee Kantor: [00:00:36] So, how’s the conference been for you so far?

Jennifer Barbosa: [00:00:38] It has been amazing. We’ve made some awesome connections. So, opened up some new opportunities, solidified some great relationships. It’s more than I had anticipated.

Lee Kantor: [00:00:50] It’s overwhelming, isn’t it? You walk in and it just-

Jennifer Barbosa: [00:00:52] Oh, my goodness. All of it, it’s way more than I expected, but I love that the way they have the system, the schedule on the app, it helps you to navigate.

Lee Kantor: [00:01:07] Right. Because you could get—if you just came in here and thought you were just going to wing this, good luck.

Jennifer Barbosa: [00:01:12] No, no. I would not recommend that.

Lee Kantor: [00:01:14] I would not recommend that.

Jennifer Barbosa: [00:01:15] Have a plan of action.

Lee Kantor: [00:01:17] Exactly. Now, talk about International Supply Partners. How are you serving folks?

Jennifer Barbosa: [00:01:22] Sure. So, International Supply Partners was founded in 2016 here in Atlanta. We are a full supply company where we leverage our relationships with manufacturers, international as well as domestic, supplying office, medical, janitorial, industrial supplies and equipments. We are really good at very innovative products new to the market and we are really good at sourcing products that are in high demand but maybe in low inventory. So, we can call up our manufacturer partners who produce those products, and say, hey, can you do me a favor?

Lee Kantor: [00:02:03] So, relationships are important, right?

Jennifer Barbosa: [00:02:04] Absolutely. Yes. And that’s-

Lee Kantor: [00:02:06] And you have a lot of relationships in a lot of important areas.

Jennifer Barbosa: [00:02:09] Hence, the name Partners.

Lee Kantor: [00:02:10] Exactly. So, now, how did you get into this line of work?

Jennifer Barbosa: [00:02:14] Well, the funny story is I was a stay-at-home mom, former military spouse, and I had six kids at home, a new baby, and I was bored.

Lee Kantor: [00:02:25] Bored. So, let me just start this brand new business. It’s connecting lots of people all over the globe.

Jennifer Barbosa: [00:02:30] Yes. I was just like, I want to supply, and my goal originally was to supply to the federal government. And it slowly started to expand, and now, we supply—we just finalized our partnership agreement with Overstock Government and the GSA marketplace. So, we will be supplying PPE to GSA, which both federal agencies and state governments will have access to. We also have served hospitals. We have hospital health centers that we serve on a regular basis. We have served state counties and local city governments, as well as nonprofit organizations. And we are steadily working on our relationships with corporate and Fortune 500 companies, which we are actively building up on those as well. So, we have a partnership, a master agreement with AT&T. We are working to leverage our relationships with CVS and some of the other major corporations so that we can be of service to them as well.

Lee Kantor: [00:03:39] So, how has the GWBC helped you?

Jennifer Barbosa: [00:03:43] Well, aside from the amazing network that I’ve made, the relationships with other women owners, the cohorts, the programs, the webinars, I’ve received a lot of valuable information, some valuable skill sets, and just opened up my eyes to what I didn’t know.

Lee Kantor: [00:04:08] And what’s possible.

Jennifer Barbosa: [00:04:10] And what is possible. Absolutely. Absolutely.

Lee Kantor: [00:04:12] Now, any advice for that stay-at-home mom out there that maybe has that itch, that entrepreneurial itch to take that leap, and to kind of trust your gut and to go boldly forward?

Jennifer Barbosa: [00:04:24] Well, I’ll tell you this, if you have—if you are a stay-at-home mom, you have a lot of management skills, organization skills.

Lee Kantor: [00:04:34] Don’t discount that.

Jennifer Barbosa: [00:04:34] Do not discount that, because it comes into great value and purpose when you’re running your business. And I always say if you feel that in your gut and your heart, and it keeps bothering you, then it means that you need to go ahead and do it. And you don’t need to necessarily have all of the tools or all of the plan in action, just start. You’ve just got to start somewhere.

Lee Kantor: [00:04:59] Uh-huh. And is that what you did? You started maybe small, and then were able to-

Jennifer Barbosa: [00:05:02] Yeah, I started—I registered the business with the state. I started—I went ahead and immediately registered and got my company certified as a minority-owned business.

Lee Kantor: [00:05:12] So, you knew that that was important?

Jennifer Barbosa: [00:05:13] Oh, absolutely, especially when you’re serving the governments. But right now, the trend also is a lot of major corporations, they’re really big in supplier diversity and inclusion. So, having these certifications is essential.

Lee Kantor: [00:05:29] It’s not a nice to have, right?

Jennifer Barbosa: [00:05:30] It’s not a nice to have. No, it’s an essential. It’s absolutely must have. So, I went ahead and started that process immediately. And I’m glad that I did, because it really set us apart very quickly.

Lee Kantor: [00:05:41] And then, it helped probably take you to a new level faster than if you had not done that.

Jennifer Barbosa: [00:05:46] Absolutely. Absolutely. I mean, conversations were a lot easier to have. You were able to get the decision maker’s attention a lot faster, because like I said, DE&I are big topics and it’s really important to a lot of organizations. And then, the federal government has mandated opportunities for women-owned, minority-owned businesses, and you have to take advantage of that.

Lee Kantor: [00:06:13] It’s like a fast pass.

Jennifer Barbosa: [00:06:14] It is. It is.

Lee Kantor: [00:06:16] And it’s true. It’s one of those things where if you’re a woman-owned business or minority-owned business, you should really consider investing the time, because it’s not easy to get the certificate. It’s not like something you just check a box, and they go, here’s your certification, you have to do some work, but it’s work-

Jennifer Barbosa: [00:06:31] You got to do the work, and it’s not hard work, i’s tedious work. It’s paperwork and it’s a lot of back and forth, and some certifications take a lot longer than others, but it is well worth the time and investment for it. Absolutely. And there are free certifications and there are membership organizations that you can get certified through, which I highly recommend as well, like WBENC, like the Greater Women’s Business Council. There are so many out there.

Lee Kantor: [00:07:01] Right. And it’s worth—even if you just meet a person that’s a member of them, just ask them questions. It’s such a collaborative community. Everybody’s trying to help everybody. It’s not this cutthroat, dog eat dog situation.

Jennifer Barbosa: [00:07:12] Not at all. Not at all.

Lee Kantor: [00:07:14] People are rooting for each other and they want everybody to succeed.

Jennifer Barbosa: [00:07:17] And then, also, one great thing to consider is a lot of the decisionmakers in these major corporations sit on the board or are part of some committees of these organizations that do the certifications. So, the level of networking and connections you’re going to have are invaluable.

Lee Kantor: [00:07:38] Right. And it’s efficient, because like you said, these people are on the board. You can meet a lot of people quickly. And these people are the right people in the right organizations.

Jennifer Barbosa: [00:07:46] Exactly.

Lee Kantor: [00:07:47] So, if somebody wants to learn more, what is the website for your organization?

Jennifer Barbosa: [00:07:51] Well, you can visit us through internationalsupplypartners.com or you can also go to queensupplier.com. That’s what they call me.

Lee Kantor: [00:08:00] That’s what they call you.

Jennifer Barbosa: [00:08:01] The Queen Supplier. And reach out to us. We love to partner up with other businesses that do the similar thing, or if we can support you and make sure that you look good to your clients, that’s what we’re going for. We’re here to be a partner on every aspect.

Lee Kantor: [00:08:18] Well, Jennifer, thank you so much for sharing your story. You’re doing important work and we appreciate you.

Jennifer Barbosa: [00:08:22] Thank you. I appreciate the opportunity.

Lee Kantor: [00:08:24] Alright. This is Lee Kantor, broadcasting live from WBENC National Conference 2022 inside the GWBC booth. We’ll be back in a few.

 


About WBENC

The Women’s Business Enterprise National Council (WBENC) is a leading non-profit organization dedicated to helping women-owned businesses thrive.WBENC-Logo

We believe diversity promotes innovation, opens doors, and creates partnerships that fuel the economy. That’s why we not only provide the most relied upon certification standard for women-owned businesses, but we also offer the tools to help them succeed.

About GWBC

The Greater Women’s Business Council (GWBC®) is at the forefront of redefining women business enterprises (WBEs). An increasing focus on supplier diversity means major corporations are viewing our WBEs as innovative, flexible and competitive solutions. The number of women-owned businesses is rising to reflect an increasingly diverse consumer base of women making a majority of buying decision for herself, her family and her business. GWBC-Logo

GWBC® has partnered with dozens of major companies who are committed to providing a sustainable foundation through our guiding principles to bring education, training and the standardization of national certification to women businesses in Georgia, North Carolina and South Carolina.

Tagged With: International Supply Partners

Bill Flynn with CGA

October 26, 2022 by angishields

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High Velocity Radio
Bill Flynn with CGA
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Bill-Flynn-CGABill Flynn, CEO of Catalyst Growth Advisors (CGA) has collaborated with Alan Mulally, pitched Steve Jobs, accomplished much, failed often, and learned many useful lessons from thirty years of studying the science of success.

Bill embodies his core purpose – simplified servanthood – by spending each working moment to help create a compassionately productive society by enabling enlightened leaders to focus on the few things that truly matter to their teams and key stakeholders. For having a great business is one way of making a better world. He has worked for and advised hundreds of companies, including startups, where he has a long track record of success spanning multiple industries.

Bill has been a VP of Sales eight times, twice a CMO and once a GM of a division of a $100MM IT services company before he pivoted to becoming a business growth coach in 2015. Prior to, he had five successful outcomes, two IPOs, and seven acquisitions, including a turnaround during the 2008 financial crisis.

As a coach, in addition to being connected with MG 100, Women’s Business Collaborative, MassMEP, Small Giants, and EforAll, Bill has earned certifications from ScalingUp, Gravitas Impact, Metronome United, Predictive Index, and The Neuroleadership Institute.

Bill’s best-selling book – Further, Faster – The Vital Few Steps that Take the Guesswork out of Growth continues to garner a nearly 5-Star rating generating demand for virtual and in-person national and international speaking opportunities.

Connect with Bill on LinkedIn and Facebook.

What You’ll Learn in This Episode

  • There is a meaningful gap between what science knows and business does. For example, a core customer is worth about 16X more than an ordinary customer.
  • Few things truly matter, but those that do matter tremendously. Leaders do not spend enough time here.
  • Leaders rely too much on effort, luck, timing and force of will to achieve “success”. These do not scale profitably.

This transcript is machine transcribed by Sonix 

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for High Velocity radio.

Stone Payton: [00:00:15] Welcome to the High Velocity Radio show where we celebrate top performers producing better results in less time. Stone Payton here with you this afternoon. You guys are in for such a real treat. Please join me in welcoming to the broadcast with Catalyst Growth Advisors, Mr. Bill Flynn. Good afternoon, sir.

Bill Flynn: [00:00:35] Good afternoon to you as well. Great to be here.

Stone Payton: [00:00:37] Well, we are delighted to have you on the show. Got a ton of questions. Won’t get to them all, I’m sure, but I’m thinking a good place to start is if maybe you could share with our listeners mission purpose. What are you and your team really out there trying to do for folks, ma’am?

Bill Flynn: [00:00:55] Well, I think it’s a shame that really good idea is really good people. Really good businesses either struggle or die for completely preventable reasons.

Stone Payton: [00:01:04] Well, in the stats are not pretty or they the numbers are awful, aren’t they?

Bill Flynn: [00:01:10] But the numbers are surprising. Yes, a little alarming. And arresting the data coming from the Bureau of Labor Statistics, as well as the Small Business Administration have similar numbers, basically says that most businesses die after five years and the numbers don’t get any better. If you go all the way down to 25 years, it’s about 16 or 17% of them left. And you’d think that after you’ve been in business for a while, you’d get better and learn and improve. But that doesn’t seem to be what the numbers bear out. So it’s unfortunate and that’s really only the ones who are no longer here. There are also a number of others that are struggling and they’re not gone yet, but they’re having a hard time. So it’s a very few businesses thrive, I’ve found, which is unfortunate.

Stone Payton: [00:01:56] So what are we doing wrong, you think?

Bill Flynn: [00:02:01] I don’t know that I have the answer, but my theory is that we do a lot of things wrong. Just not. We don’t do them completely wrong. We just sort of do them a little bit wrong and then they add up and you hire the wrong person and then they hire more people or you don’t quite get your strategy right. You’re not executing well. You just make sort of these small errors. And I think they just add up and it adds weight to the business. And the bigger you get, the heavier that anchor feels and begins to weigh on you.

Stone Payton: [00:02:38] But the information’s out there, right? It’s not like we have to to recreate and figure it out as if, you know, it’s not like we have to be pioneers. Information precedent about how to get this stuff right is it’s available to us. Yeah.

Bill Flynn: [00:02:53] Oh, it is. And it’s been around for about 100 years or so. It started with Frederick Winslow Taylor, who really taught people how to run a routinized business. So all about efficiency. There are some good books that come out of that. The goal is one that was written a number of years ago. Now I think we’ve come into a different era where it’s not really about routinized work anymore. It’s more about creative work and innovative work, etc. But management science has been saying the same thing for a long time. You’ve got Drucker and Deming and and Bennis and a number of other folks and more. In our generation, you’ve got Jim Collins and Pat Lindsay and a whole bunch of other people who have been saying, you know, this is sort of how really great businesses work. And at least what I’ve found or I think I’ve found is that those that that thrive and do well over a long period of time do the same few things really, really well.

Stone Payton: [00:03:54] So well. And I guess that leads me to ask about the other side of the coin. Is it because there’s so much information out there? Are we picking the wrong things and spending too much time on stuff that maybe doesn’t matter as much of a as the few right things?

Bill Flynn: [00:04:11] Yeah, Perito was a pretty smart guy, you know, the 8020 guy. And it seems that most of our the bulk of our results come from a little bit of our effort. And one of my favorite sayings and I say this to leaders all the time, which I think their job is, is is to really figure out the few things that matter because few things truly matter, but those that do matter tremendously. And if you can figure those things out, you have a leg up on your competitor.

Stone Payton: [00:04:39] So. So what’s the back story, man? How did you get involved in this line of work?

Bill Flynn: [00:04:46] So I’ve been so I did about 25 over 25 years. I did ten startups all in the high tech space here in the Boston area, and it was five or six for a while, ended up five for ten or five or seven, depending on what you count my contribution. But either way, it’s still a pretty good deal. But I’m also I have a curious nature and I was always sort of trying to figure out why do things happen the way they happen. And I’ve been studying business for about 30 years, really more so in the last six or seven pretty intensely. And that’s led me to be a coach to try to take what I’ve learned in my practical life in business, which wasn’t perfect, by the way. I certainly made a lot of mistakes and then combine it with what at least I think makes a big difference. And I’m I’m most. Most of it is said that 97% of it is not for me. It’s it’s from other great thinkers that I mentioned earlier and other people I’ve run into. And so I’ve been focusing on that. I’ve been working with leadership teams for the last six or seven years and helping them to try to figure out on their own how to make business thrive. As I like to say, help them take the guesswork out of growth.

Stone Payton: [00:05:59] I’ve always thought that if I if I knew a little bit more, I might enjoy being a coach. But it also it’s it strikes me as, I don’t know, a little bit nebulous about what to do. And when I talk about the work a little bit like when you first engage or a client engages you, what does the work look like, especially early in that in that process, where does it start?

Bill Flynn: [00:06:27] Yeah, we sort of do two things. One is we start at the ends, so to speak, and I ask my clients to write at least a three year vision. And it’s pretty it’s usually three, four, five, six, seven pages long. It’s pretty vivid to go into a lot of detail. And that sort of sets the bar up. Here’s where we’re going, because if you’re a leader, your job is to create followers. And followers want to know where are we going? And you need to create that for them. And there’s a great saying that Simon Sinek says a lot, which is you have to be able to articulate your vision as if it’s already happened. And so people will get an idea and say, Yeah, that’s I want to help make that come true or not. If they don’t want to make it come true, then that’s okay. They should go somewhere else and help their vision or whatever their purpose or mission or whatever you want to call them. Their life aligns with the company they work for or they create their own company. The other side of that is we help them really understand their identity, and that’s around values and purpose and objectives and sort of the main foundational things of who we are, how we behave, etc. Because most businesses unfortunately grow for growth sake. They’re like and they focus on revenue and really not important things.

Bill Flynn: [00:07:44] Revenue is great, but you can build $100 million company, but if it cost $100 million to run it, you’ve employed a lot of people and maybe you put out some products and such. But if if a stiff wind blows, so to speak, like a COVID or a 911 or a 2008 recession, you’re in trouble because now you know your business probably suffers and your costs haven’t really changed that much. So what I what I like to say is that if you if you grow for growth sake, then that’s the ideology of a cancer cell. And sometimes cancer cells kill their hosts. They certainly weaken them. So you’ve got to say, okay, these are ways that we can grow, but make sure it doesn’t violate who you are, doesn’t go against a core value or your core purpose or really what you’re good at and love and your passion, because eventually you will regret it. It may take years, and sometimes it’s hard to even tie it back to to that decision you made to three or four years ago, maybe even sometimes ten years ago, I’ve read. But it often happens. And I think that’s one of the one of those heavyweights I talked about earlier that start to pull in you as time goes by.

Stone Payton: [00:08:50] Well, it must be incredibly rewarding work. What what are you enjoying the most about it at this point in your career and in your practice? What are you enjoying the most?

Bill Flynn: [00:09:02] Well, I enjoy those two things that I enjoy. One, personally and selfishly, is is I love working with my clients. Time flies when I’m with them and I think about them often and I read a lot and I’m sending them things that I think might connect with them based upon general information or specific information I have from them. And then I really love that moment that comes every now and again when sort of the eyes open up and it’s like, Oh, right. They get their own epiphany. It’s not necessarily something that I told them, but through the work that we do because they’re really I, I truly believe that when you’re in coach mode, you know, that they either have or can come up with their own answers if you ask the right questions and keep pushing them towards that. When that happens, it’s really a great it’s great for me. And so an example is I was working with a client a few weeks ago and we were working on. Something called profit per X, which is if you focused on this one thing, this X mechanism, we’re going to call it, and and really optimize that either in volume or in margin or both, it would drive more and more profit and thus more cash into your business. And what I typically do is I say, one, write down what they think the X is, and then we put them up and we do that little sticky thing with coaches and we look at it and have questions and debates and comments, etc..

Bill Flynn: [00:10:27] And they’re they’re a two tier organization. I mean, they generally don’t sell directly to the end user. They sell through entities that go to the end user, but their X is revolved around what I call retail, right. Which is to the to the consumer. And I said, are you sure that this one of these is it? And I sort of lean back and it sort of seems to me that you’re more in front of that, that if you optimize something in front of that, whatever that might be, and a couple of them sort of set back and said, you know, yeah, if we optimize this, this more retail oriented thing, it wouldn’t necessarily drive our business, it might make our the end user happy, but it wouldn’t necessarily drive more profit into us and actually might drive more cost into us. So it’s great when when stuff like that happens and you get to see that on their face, like, you know, maybe, maybe, maybe we aren’t looking at this the right way. And I didn’t have the answer. I just I just said, you know, I sort of looked at it and said, I don’t know that we were done asking the questions.

Stone Payton: [00:11:28] So. So how does the whole sales and marketing thing work for a guy like you, a practice like yours? How do you get the opportunity? How do you how do you get the new clients?

Bill Flynn: [00:11:38] Yeah, it’s not easy, I like to say. So when people say, Who’s your best client and they’re they’re looking for attributes, typically they’re looking for size of company or industry that they’re in or something along those lines. And I say, you know what? I teach for most industries except maybe a few. What I what I work with clients on is pretty universal. I teach first principles more than anything, and I say, I’m not really looking for that. I’m looking for a mindset. I’m looking for a humble, hungry learner who’s comfortable challenging the status quo and stone I’ve found that they’re rare at the highest levels of company. So especially the humility part, they’re they’re not they feel uncomfortable bringing in someone like me because they might look weak or they might be seen like they don’t know what they’re doing. They have to have some third party sort of run their company for them, although I certainly don’t do that. So it’s difficult. So I wish I had a magic bullet and I could say, Hey, I do this and magically, you know, months later or two months later or whatever client pops up. But what I do is I get referrals from my clients, which is great. I do work with partners who have access to a larger pool of hopefully like minded people. I do some speaking and writing. I also try to run some some boot camps and workshops, so I sort of do a mix of things and it depends. I think it’s more the currently, it’s the activity. And then every now and again something happens. I just had a call today with I was on a podcast a week or two ago and this guy heard me and said, I like what you said. And so we’re we’re talking, so who knows?

Stone Payton: [00:13:14] Fun. Well, I actually wanted to talk about the writing. Tell us a little bit about this book of yours further, faster and there’s more to the title, The vital few steps that take the guesswork out of growth. I’d love to hear a little bit about it in general, but my first question is, when you were getting the book together to parts of it come together a little easier for you than other parts were some parts a little bit of a struggle? I’m interested to know about the experience of writing a book.

Bill Flynn: [00:13:46] Yeah. So I am I call myself an accidental author. I am not a writer. I don’t really describe myself as as someone who writes for a living. I was I was encouraged by others to do it, which I thought was pretty cool. They thought that my perspective on things was unique enough in this world of business books that many of them say the exact same thing, and it’s really only the first part of it that that is of any value. And then the next 200 pages are filler. I read a lot of business books and fortunately that happens too much. So I was really concerned about I didn’t want to put something like that out. I wanted to add something of value to the conversation. So as I said earlier, I like Paradox and I think that I took not everything that I know, I took the things that I thought made the biggest impact, thus the further faster and put them down in a book. I will tell you, I hired I hired a third party to help me, and I had a scribe. I worked with a company called Scribe Media and she was terrific and the process was great. So the hardest part was the sort of promoting of the book more than anything, to be honest with you, because I’m not necessarily a big self-promoter, although I should be since I work for myself. She made it super easy. We laid out an entire process of framework and then we sort of just filled it in. And I had already been a coach for four or five years. So a number of the things that I had learned and have been saying just sort of came out in the conversation with her and luckily she took it and turned it into something that was, I think, much more comprehensible and useful than I could have done on my own. So that’s what I did.

Stone Payton: [00:15:25] So if you would speak to the to the structure of the book and then maybe specifically to any counsel you would have to offer on how to help the reader get the most out of it, how to approach the book and really leverage it.

Bill Flynn: [00:15:39] Yeah. So the book itself is comes in all the formats that you could imagine. It comes in a paperback and then a Kindle and an e-book. And, and then I also have an audio version of it. There are three parts to the book. The first part really is about team and how to attract, build and grow and sometimes dismantled if you need to. A really great team. There’s a lot to that. There’s psychological safety. As part of that, there’s making sure that you’ve got people doing things they love as often as they possibly can, and really thinking about the team as a as a as a well rounded team made up of individual and idiosyncratic and spiky people. There’s an art and a science to bringing those sort of different aspects of people together to make a really well rounded team. The next part is really about strategy and execution. There are two sides of the same coin. I talk a lot. I talk a lot with people about strategy and execution. And most of the time when I talk to people and I say, you know, what’s what’s really in your way and what’s going on in your business is slowing you down or giving you trouble, that’s almost always an operational issue, which is really around execution. And I say, well, what do you what are you executing on? And I try to get them to say they’re basically executing on some kind of strategy. And as you execute on your strategy, your strategy evolves and gets better, hopefully.

Bill Flynn: [00:16:57] And so so they’re they’re they’re different things, but they’re definitely connected. And I sort of help to connect those things. And the last thing is about cash. The shortest part of the book is about cash. I think if you’re going to grow a business and you want to grow it in a healthy way, cash should you should be your primary financial metric because as is often said, revenue is vanity, profit and sanity and cash is king. And your job is to put money into the business so you can grow and you can invest in the people and do great things for them. And also make sure that you have enough cash to weather any storms that might happen. As we mentioned already with 28, nine, 11, etc.. The book itself is a do it yourself book. So there are, I think, about 20 to 25 exercises that go with the book. You can do it in any particular order that you want. I still think team is is primary so you can read along and then it’ll have a part of it that stops and says, Hey, go to the go to my website. You can download the exercise. Hopefully I’ve written some good instructions so you can do it yourself. And then of course, I’m also a businessman. If if you would like me to accelerate the process and expand the process, you can certainly hire me to to give you the full experience of building a growth framework.

Stone Payton: [00:18:13] I’m so glad I asked. And now I have a new phrase, and I’ll try to remember to credit you at least the first few times I use it. Spiky people. I love it. So have you had the benefit of a one or more mentors that helped you along your career? And I’m actually more speaking to when you made the the leap into the coaching world and running your own your own thing. Did you did you have one or more folks that kind of helped you work through? That.

Bill Flynn: [00:18:47] So I, I don’t know that I keep thinking about do I have a sort of a mentor or a set of mentors? I certainly have people that I’ve learned a lot from. I’ve had two or three people that have been most instrumental in that, in that growth, mostly in my startup stuff, because startups are certainly difficult and was nice to have a supportive and loyal set of people helping me with that. On the coaching side, I really tried to learn from other coaches, especially successful coaches, and I tried to see what they they were all about, how they approached things, what processes they they employed in order to be successful and found. Again, a lot of similarities in really great coaches is they had systems that they that they leveraged. I wouldn’t say that they used them all the time, but they certainly leveraged them in a in a in a foundational way. And then as as needs arose with their clients, they would expand into other areas. So my teachers there in my book, I give them credit in my book at the at the end. These are people that are out there that are thought leaders in what they do, like people like Amy Edmondson, Marcus Buckingham, Verne Harnish, Pat Lindsay. I think I list about 15 or 20 Bob Nesta who influenced me whether they knew it or not. I’ve actually become friends with some of them since then.

Bill Flynn: [00:20:15] And then my, my ultimate mentor is, is Alan Mulally, and he didn’t know he was my mentor. Alan Mulally used to be the head of Boeing and the head of Ford through 911 at Boeing in 2008. And forties, to me is probably the finest leader we’ve had, at least in the United States in a century. He led both of those companies through existential crises, and they came out better than they went in. And I wrote a little bit about him. There’s a book called American Icon, which was about his journey through Ford from 2006 through 2014, I think, and a lot of what he did there. Is what I do. And I thought it was really amazing that, you know, here’s this guy who I have admired for many years, and then I really learned what he did and why he was such a great leader. So I wrote an article and he reached out to me and talk about Humble. I mean, this guy is has no need to call me a little bit of Flynn. And he reached out to me saying, Hey, I read your article. I thought it was great, I want to meet you. And and I’ve been connected to him. I wouldn’t say we’re friends, but we’re definitely friendly. You know, he answers my calls and emails, and I do the same for him. So it’s kind of cool.

Stone Payton: [00:21:22] Well, and I suspect that you. You learn a ton things to do, things not to do. Mindset approaches from the from the client work. Right. You must learn a ton just getting out there and and doing the work.

Bill Flynn: [00:21:36] Yeah. I’m now seven years in or eight years into this coaching thing and I definitely do things differently than I did when I started, right? I was a little naive, a little ignorant. I started from scratch and I sort of followed all the rules. And then as you do things and you and you see what you stumble into, clients don’t quite get it. Hopefully you sit back and reflect and say, okay, how could I do that differently? Again, I reach out to my peers and say, Look, does it go very well and what would you do in this situation? And you hear a number of things. And so, yeah, I definitely learn from my clients. They ask great questions, they challenge me every now and again, which is great. So I owe a lot to them as well.

Stone Payton: [00:22:12] Well, you clearly have a passion for the for the work it comes through in your voice. I know it does over the over the airwaves. And I know you’re human. I know sometimes the you know, the tank probably gets a little bit low. Where do you go? And I don’t necessarily mean a physical place, but where do you go to to to recharge the batteries, get inspiration and get, you know, kind of ready for the next thing?

Bill Flynn: [00:22:40] Yeah, I will say, even though I’m tired at the end of each client session because I’m a bit skew a little bit introvert, so I have to sort of summon the energy, if you will, even though time is passing by. It definitely brings me up right Is the time flies by the next day or two. I’m still feeling really good about what happened, even if even if it wasn’t a perfect session, there was always something to draw on there. And then I’ll tell you, Stone, I do something extremely practical is that in the book there are about 30 or so reviews for my book, and all except for one is a five star review, which is kind of cool. Yeah, I go read them and some of the some of them are people I know, but many of them are people either I don’t know or haven’t seen in a long, long time. And they wrote some really nice things and I didn’t write them. So that’s pretty cool as well.

Stone Payton: [00:23:33] Well, I’d love to leave our listeners before we wrap with a couple of actionable items that I’ll call them Pro Tips, something that we can be thinking about reading, doing or not doing. Number one Pro Tip gang is reach out to Bill and have a conversation with him. But just, you know something, walking away from tapping into this conversation, just something to, you know, something we can take some immediate action on if you have anything to to offer on that front.

Bill Flynn: [00:24:03] Yeah, I’m I’ve learned that outcomes are extremely important. And it can be it could be in a larger sense or even a smaller sense. So I would whenever anyone who’s listening is thinking about doing something, picture the end first and try to picture it as an ideal outcome. It may not end up that way, but think about it that way and really write it down, describe it, and then work backwards from there. It’s like, okay, if I were to want that to happen, what would I need to do to change whatever? To have that be something that I can can get, can get from it? And I think the most practical example is meetings. We we across the globe do meetings very poorly. Most people don’t like meetings. They’re long, they’re boring. You get distracted, especially these days with social media and phones and everything. It’s easy to get distracted anyway. And that’s what I say to folks is, is if you have whatever meeting you have, whether it’s an ad hoc meeting or a regular meeting that you have on a regular basis, describe the ideal outcome of that meeting first, then figure out who should be in the meeting That gives you the best chance of achieving that outcome. Then write the agenda. And then once you’ve reached that outcome in that meeting, then end it. Whether it’s early or if it’s if you’re running over, then either decide whether you should continue or or then reschedule and finish the meeting another time. The goal is to reach the outcome of the meeting, not to meet for 50 minutes and not to get through the agenda. It’s just to reach the outcome of the meeting.

Stone Payton: [00:25:40] All right. Let’s make it easy for our listeners to have a conversation with you or someone on your team. I want to make sure they have easy access to this book and a good way to begin tapping into your work. Whatever you feel like is appropriate. Linkedin websites, email. I just want to make sure that they can get connected to you and start tapping into your work, man.

Bill Flynn: [00:26:02] Well, thank you very much. My website is probably the best. It’s Catalyst Growth Advisors. And if you want to reach me just bill at Catalyst devices dot com, you can send an email to me as well. But all my contact information is on there. My phone number. You can actually schedule a meeting through my calendar link that’s on there. My book is on there. You can actually download my book for free if you want in a PDF. You certainly go to Amazon or Audible and places to download it. I appreciate that. I think I make three or $4 every time you do that, which is cool, but that’s probably the best place. Wwe Catalyst Growth Advisors.

Stone Payton: [00:26:35] Well, Bill, it has been an absolute delight having you on the show this afternoon. Thank you for investing the time and the energy to share your insight and your experience and your perspective. I found the conversation informative, inspiring and I want you to know we sincerely appreciate your work, ma’am.

Bill Flynn: [00:26:56] I love it. I love being on high velocity radio. It’s it’s what I say to folks. You want to add velocity your business, do some of the things that I’ve learned and you’ll definitely do it. So very apropos. Thank you for having me on.

Stone Payton: [00:27:05] My pleasure. All right. Until next time, this is Stone Payton for our guest today, Bill Flynn with Catalyst Growth Advisors and everyone here at the Business Radio X family saying we’ll see you in the fast lane.

 

Tagged With: CGA

BRX Pro Tip: Stop Watching the News

October 26, 2022 by angishields

Mark Havenner with Renovata

October 25, 2022 by angishields

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High Velocity Radio
Mark Havenner with Renovata
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Mark-Havenner-RenovataMark Havenner is a marketing and communications strategist with a specialised focus on brand and executive thought leadership and corporate communications strategies. He has more than 20 years of experience aligning messages with business goals and developing myriad communications vehicles and message strategies for a lengthy roster of clients.

His practice at Renovata is focused on industry leadership communications and marketing providing business leaders with the resources they need to get marketplace visibility. In Mark’s previous role as an executive for a Los Angeles-based integrated marketing and communications agency, he led a bi-coastal team on corporate communications, thought leadership, marketing, and public relations strategies and programs for multiple industries including public companies, professional services, municipalities, deep tech, and large-scale consumer brands.

Mark started his career in graphic design before moving into magazine distribution where he spent several years immersed in retail marketing, publishing, and wholesale distribution. He created a publishing company and published several fiction and non-fiction titles, including his own tabletop games and books, and worked extensively in content marketing as he pivoted into an agency environment.

Mark has served on the Worldcom Public Relations Digital Communications Committee and holds a degree in eBusiness and an MBA in Marketing. He resides in Los Angeles with his wife, a professor and author, and his teenage son.

Connect with Mark on LinkedIn and Twitter.

What You’ll Learn in This Episode

  • Today’s environment of uncertainty and how that effects business
  • How business leaders can build resiliency long-term (purpose)
  • The function of communications and marketing in today’s world
  • The role of business leaders in today’s world

This transcript is machine transcribed by Sonix 

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for High Velocity radio.

Stone Payton: [00:00:15] Welcome to the High Vvelocity Radio show, where we celebrate top performers producing better results in less time. Stone Payton here with you this afternoon. What a marvelous conversation you are in store for here. Please join me in welcoming to the broadcast with Renovata, Mr. Mark Havenner. How are you, man?

Mark Havenner: [00:00:36] I’m doing. I’m doing swell, as the kids say. I’m doing great.

Stone Payton: [00:00:40] Well, it’s a delight to have you on the show. I got a ton of questions. I know we won’t get to them all, but maybe a good place to start would be to have you articulate for us Mission, purpose. What are what are you and your team really out there trying to do for folks, man?

Mark Havenner: [00:00:58] We we work with business leaders in particular, but businesses in general and organizations about getting them a better position in the marketplace and the way things are these days. A lot of the tactics and strategies that PR and marketing professionals have used over the years are just falling flat. And we believe that’s because audiences and customers and clients and even vendors and partners and everybody in the world has has infinite amount of choices on who they can work with or who they can consume with. And so they tend to go after people that share values or that have a sense of purpose and vision. And so we try to unpack that with business leaders so that they can they can shine, be a beacon of their industry and resonate with people that share their vision.

Stone Payton: [00:01:49] Well, you make such a good point about the the venues available to us to to have conversation and try to reach out to to people. I guess you’ve seen a lot of change in that regard and probably have some pretty definitive opinions about what works, what doesn’t, and maybe even why, huh?

Mark Havenner: [00:02:11] Yeah, it was I was in an integrated marketing PR firm for a lot of years and I started noticing, even at the executive level, just things were not working the same way anymore. And this was before the pandemic even. And I started realizing that a lot of these a lot of these marketing and PR strategies are built on antiquated mindset mindsets. And and we have a situation where we are we’re in a world with infinite possibilities, with without geographical boundaries, and we’re still using 20th century tools and strategies. And so, yeah, I found a lot of things weren’t working and we had to, we had a really disrupt it and look at other things that do work.

Stone Payton: [00:02:54] So in your work, do you find that some organizations and some leaders are just, I don’t know a better way to say it, just more resilient, tougher in that regard than others?

Mark Havenner: [00:03:11] Yeah. I think that resiliency is isn’t necessarily tied to the quality of a person or an organization. It’s really tied into whether what your sense of purpose is. Because if you have a good, clear defined sense of purpose and a vision that’s laid out, then then a lot of the things that get other people down don’t affect you. Let’s say social media blows up at you for some reason. If you’re content and your purpose and your vision, then that’s not going to bother you. And if you’re in a world of uncertainty like we are, really, you need that foundation to to be resilient.

Stone Payton: [00:03:48] Now, why do you suppose or maybe this isn’t your observation? I’m making an assumption here, but my observation is that that even if an organization, an individual starts out with crystal clear sense of purpose, it can get diluted, it can get lost in the translation. It’s a why do you think it’s so tough to to hold on to and reinforce as the organization builds, or is that your experience at all?

Mark Havenner: [00:04:15] Yeah, I think that is my experience. And the reason that the biggest reason I see this happen is because business leaders fall into the trap of running their organization and running their business, and they become managers and they become business operators and they stop becoming they stop being leaders. And what that means is, instead of working on the business or working in it, and so they are just trapped by the minutia of day to day. You have to rise up beyond that. You have to get managers in place that you trust that they can run the organization that way. You have the bandwidth and the freedom to pursue vision, which is really a business development activity and not really an operational one.

Stone Payton: [00:04:58] So I got to know, man, what is the back story? How in the world did you find yourself in this line of work?

Mark Havenner: [00:05:05] I got disillusioned, man. I was I was working. I was working with clients, and I wasn’t moving the needle for them. And I was feeling guilty about it. And I was seeing a lot of turnover and I was seeing clients after client just churned through this agency. And it was wasn’t the agency I mean, the people were really good in. I realized that it’s because we were we were we were doing things that didn’t actually help their business and their bottom line. And the reason we were doing that was because we were taken in by the strategy that the client laid out. And that strategy was not built on purpose, vision or anything else. It was just built on things like profit, revenue, margin and all the things you need to keep the doors open on your business. But when you take it to another level, everything changes. And you can’t really do that with a business partner if you are in an agency role. So I had to break out of that mindset altogether and start working with companies in a much more integrated way so I could help them deliver on their promise. And that’s that’s how I ended up there. I just I just I was sick of things not working.

Stone Payton: [00:06:12] So are you finding that you are gravitating to certain types of companies or industry sectors, or is there any kind of definitive characteristics of, I don’t know, call it your tribe, I guess the folks you’re attracted to and seem to be attracted to, to you and your work?

Mark Havenner: [00:06:30] Yeah, definitely do feel the attraction towards businesses that that that have a vision but also that aren’t commoditized what they’re doing. What I mean by that is it doesn’t really matter what sector you’re in. I have actually a wide range of sectors that I work with, but is that your service or your product isn’t just a service or product, it is something that in some way benefits the world, benefits the community, benefits customers beyond just a commodity. And that’s because it’s really hard to, let’s say, if you’re dealing with something like as mundane as a product that goes into a grocery store, like a food product or something, I mean, you can just be a food product or you can be a food product with a mission that’s actually trying to accomplish something in people’s lives. I would rather work with the latter. So I do get I do attract to I am attracted to companies and organizations that really feel a little more meaningful than ones that are just cranking things out for no reason except money.

Stone Payton: [00:07:29] So you and I had a chance to visit briefly by phone. I don’t know. It’s probably been several weeks now and I heard it then and I hear it in your voice now, and I know our listeners do too. You clearly are having a good time. You’re enjoying your work. What what are you finding the most rewarding about the work at this point in your practice?

Mark Havenner: [00:07:51] I think that I find when when my work is actually having an impact, I get excited about it. There are few things I hate worse than doing something for no reason or doing something that doesn’t move the needle for anybody. I don’t want to waste time. I don’t want to waste my time. I don’t want to waste clients time. And this approach to business allows me to really see an impact every day. Like I know that the things I’m focusing on are actually going to achieve business goals, and that’s just a great place to be. I feel. I feel like I’m actually accomplishing something in a day.

Stone Payton: [00:08:25] So how does the whole sales and marketing thing work for a guy like you, a practice like yours? And I’m asking because you’re arena strikes me from one perspective of being kind of crowded. I mean, how do you have to get out there and shake the trees like the rest of us? Or have you cracked the code in some other way?

Mark Havenner: [00:08:47] Well, I wish I had the secret code. That would be wonderful. But I do believe I have a successful approach, and that’s I don’t focus as much as on on on acquisition or on a sales pipeline as most I think companies and organizations do. I’m more interested in cultivating a strong long term relationship with my existing clients and by an airport. So you’re hearing some rattling, people are taking off. But but anyway, I really am interested in cultivating relationships and being integrated in their business so that it can have a meaningful impact. So I might not have a huge pipeline, but I have very strong tenured clients that stay with me. And that approach of of just doing the right work with the right people means that instead of chasing clients that they come to me. I’m much more of a male attract people that are like minded and business just kind of happens naturally as a result. I think that the years of acquisition and paying for that and years of having a very regimented sales pipeline, it’s just too costly these days to do that. You really have to build up your platform so that you become much more visible and you become a larger part of the conversation so that people come to you rather than you chasing them.

Stone Payton: [00:10:05] Well and doing good work and as you put it, doing the right work with the right people. That’s that’s a pretty strong sales tool. Just doing great work. Right.

Mark Havenner: [00:10:14] Well, your pools can be much smaller, so you don’t have to compete as much. You know, you just show up. That’s a much better place to be than having to outrace everybody.

Stone Payton: [00:10:24] So have you had the benefit of one or more mentors throughout your career and specifically in this kind of second chapter of yours to help you navigate some of this new terrain?

Mark Havenner: [00:10:41] You’d be surprised. Yes, the answer is yes. You’d be surprised who. I’m actually learning far more from the younger generations than I am from more experienced ones, and in particular Gen Z and some of the business leaders that I work with and have the opportunity to work with, they are they are a phenomenal force of nature. And the reason is simple is because they’ve grown up and lived and existed entirely in a world of uncertainty. For them, this is their natural habitat. And I believe that business leaders have a lot to learn from this young generation. They’re already starting businesses, they’re already making waves in the workplace, and I’m learning a great deal from them on places like TikTok. And and it’s just amazing where where the mentors are. The roles have flipped.

Stone Payton: [00:11:29] So let’s talk about the work a little bit. I’m particularly interested in what takes place early in the engagement cycle, but can you kind of walk us through at least the front end of the process when you begin to to start working with with a new client?

Mark Havenner: [00:11:46] And I think this is true what most people in my role. But there really needs to be a period of immersion with the client, fully understand not only what their business is, but what their business goals are. And in fact, I think that more partners and consultants could spend more time on business goals to make sure they understand really what what the business leader is trying to accomplish. And once once that’s clear, then then we find the reason why, you know, first of all, why do you have these goals? Secondly, why do you have this business right? Why are you doing this? And the reason can’t be profit margin, all of those things. I mean, that’s just that’s a given. Why? Why? Above and beyond that. And the reason can’t be about the business or the business leader either. It needs to be about something that they’re trying to fix a problem in the industry with their clients, their partners, their with their community, with their world. Whatever it is, the reason needs to be external. And once we’ve identified that and we understand that that reason is an authentic one, it’s a meaningful one. It’s one that they actually are built to fulfill, then we can create all of the messaging and sales material that go along with propelling that.

Stone Payton: [00:12:58] So I’m sure every situation is unique. There have to be so many idiosyncrasies in your work, and I suspect that you’ve been at it long enough now. You’ve probably come across some pretty consistent patterns where you may not say it out loud, but when you’re initially working with a with a new company, you’re like, yeah, to your at least to yourself, Yeah, I’ve seen this before. Are there some like common mistakes that maybe some of us could just maybe we could reduce the friction and shrink the timeline and just avoid them altogether when it comes to to some of the tactical aspects of what you’re helping your clients do.

Mark Havenner: [00:13:37] Yeah, there are there are common mistakes. I think that one of the big ones is just trying to be everything to everyone. Hmm. I think almost every company can better target their audience and not just in a practical marketing way. Certainly in finding the demographics and the psychographics that work with their product. But but just in the values that you have and the people that you’re that you want to work with. I mean, as a consultant, even working with people that are like minded is way more important than getting a paycheck. So I will turn down business if we’re not aligned. And I think that more companies should do that because then it’s less of a grind. Now you have synergy and that true with the consumer too. If you’re if you’re if you’re trying to reach audiences that could care less about your product or that are completely the wrong generation, then you’re wasting time and money, you know? I think so many companies say, Well, my audience is the world. And it’s not. It’s not. It’s somebody in particular. And really identifying who that person is is is critical.

Stone Payton: [00:14:43] So where do you go? And I don’t necessarily mean a physical place, but when when you’re running a little bit, when it takes running a little bit low and you need to recharge, where do you go for inspiration to kind of get refueled and ready for the next challenge in opportunity? How do you get your inspiration?

Mark Havenner: [00:15:05] I can answer this in two ways. Just on the day to day, I try to force myself to have 30 minutes with no inputs, and that usually means just going out into the backyard with a cup of coffee and just sitting without the phone, without anything but my thoughts. I think that’s a good idea as a reset because I tend to find clarity of thought. I tend to find problems solved just by sitting there. So I do that on a daily basis. On a weekly basis. Critically important for me to get outside. And so I live by the ocean, so I do paddleboarding or I go to the beach and things like that and just, just completely unplug, get next to the water. And I guess in both cases, the places I find inspiration are silence just being myself and my thoughts. And I really thrive on that.

Stone Payton: [00:16:00] So now that you’ve made all of us insanely jealous about living so close to the to this, I would love to to leave our listeners and candidly myself with a couple of actionable items. I’ll call them Pro Tips. Just a number one pro tip gang is is reach out and have a conversation with Mark or start to tap into his work. But maybe a couple of things we could be reading about, learning about thinking about just so that we can kind of get on on the right track with with some of these topics. Any counsel you’d have on that front would be would be fantastic.

Mark Havenner: [00:16:37] Yeah, I think what the easy thing to do, it’s not as easy as it sounds, but is that relates to all of this is just to write down everything that you do in a day as you do it, and just keep a list throughout the entire day. And at the end of the day, look at that list and go through each item and decide, is this actually helping me achieve my goal? And if it’s not, you need to decide where that task can go. If somebody should do it instead of you, or if it should be rejected altogether. Having that self reflection on a daily basis puts you in the right mindset of really just focusing on the right thing.

Stone Payton: [00:17:15] Well, I’m really glad I asked. I think I’m going to take a swing at that. I got to confess, I haven’t been doing that, But it sounds like it could be well, it could be a little sobering.

Mark Havenner: [00:17:25] But yes, it is. And you do it if you do it frequently enough, you find out you never should stop doing it. It is so hard. You get lost in the weeds.

Stone Payton: [00:17:34] All right, man, Let’s make sure that our listeners do have a way. Let’s make it easy for them to connect, to tap into your to your work, whatever you think is appropriate. Linkedin, email, website. I just want to make it easy as we can for them to to reach out and connect and be able to access some of this thought leadership.

Mark Havenner: [00:17:55] I think the best place to reach me is on LinkedIn and just look for me. Mark Haven and Mark have an E, R, and my website is Nevada Vision and you can find me there as well.

Stone Payton: [00:18:07] Well, Mark, it has been an absolute pleasure having you on the show this afternoon. Thank you for investing the time and the energy to share your perspective and your insight. You’re you’re clearly doing important work and we we sure appreciate you, man.

Mark Havenner: [00:18:24] I appreciate you. Thank you so much.

Stone Payton: [00:18:26] My pleasure. All right. Until next time, this is Stone Payton for our guest today with Reno, Nevada, Mr. Mark Hainer and everyone here at the Business Radio X family saying we’ll see you in the fast lane.

 

Tagged With: Renovata

Dennis Geelen with Zero In

October 25, 2022 by angishields

Dennis-Geelen-Zero-In
High Velocity Radio
Dennis Geelen with Zero In
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Dennis-Geelen-Zero-InDennis Geelen, is the Founder and Chief Difference Maker at his solo consulting company, Zero In, that he founded in 2018. Through Zero In, Dennis helps companies ‘solve indifference’ by implementing strategies to build a brand customers love and culture where people are passionate to work.

Author of the best-selling book The Zero In Formula, Mr. Geelen has worked with companies in several industries, spoken at countless events, conferences, workshops, webinars, with dozens of guest appearances on international podcasts.

And now? Dennis also helps other solopreneurs get started. With his latest book, ‘The Accidental Solopreneur’, providing a playbook for success and told through a riveting and relatable parable that is getting rave reviews from entrepreneurs around the globe.

Connect with Dennis on LinkedIn and Twitter.

What You’ll Learn in This Episode

  • Why Dennis started Zero In
  • Some of the mistakes and lessons he encountered early in his journey
  • What made him decide to write The Accidental Solopreneur
  • About the online course, The Solopreneur Playbook
  • Advice for those considering starting their own solopreneur business

This transcript is machine transcribed by Sonix 

TRANSCRIPT

Intro: [00:00:04] Broadcasting live from the Business RadioX studios in Atlanta, Georgia. It’s time for High velocity radio.

Stone Payton: [00:00:15] Welcome to the High Velocity Radio show where we celebrate top performers producing better results in less time. Stone Payton here with you this morning. You guys are in for a real treat. Please join me in welcoming to the broadcast consultant, author and founder of Zero In Mr. Dennis Geelen. How are you, man?

Dennis Geelen: [00:00:37] Hey, I’m good. Thanks for having me on.

Stone Payton: [00:00:39] Stone Yeah, Delighted to have you on the show. Got a ton of questions. Probably won’t get to them all, but maybe a good place to start. Mission. Purpose. What are you really out there trying to do for folks, man?

Dennis Geelen: [00:00:53] Yeah, just really trying to pay forward what other people have done for me, I guess, to wrap it up in a short little boat.

Stone Payton: [00:01:02] So what is the back story? How in the world did you get on this this path and land in this line of work?

Dennis Geelen: [00:01:10] Yeah, that a story here, then. I spent over 20 plus years in the corporate world, always in pretty high profile senior leadership roles and. I thought everything was playing out according to the script. And then at the age of 43, for the first time in my life, I was laid off and threw me for a huge loop. My initial reaction was, I got to jump right back in and keep following the script. The script of get get a post-secondary education, get a full time job, get married, buy a house, and then put a little bit of money away until you’re 65. Right? Well, I wasn’t finished the script yet, so I was supposed to jump back in, but with some great discussions with my wife and and just the interest in scratching my entrepreneurial itch, I decided I’m going to take a year in bed on myself, try and start my own consulting company, and here I am four years later. So.

Stone Payton: [00:02:14] So wasn’t that a little bit? I guess the best word is scary for both you and your wife, for you to just jump off and try something that different from the established pattern.

Dennis Geelen: [00:02:24] Yeah. The only word I would change in your sentence there is a little bit. It was really scary. Yeah. I mean, maybe not at first. At first I think I was way too naive and way too prideful once I realized, Oh, boy, there’s a bunch I don’t know here, and this isn’t going to be as easy as I thought it was. And I had to humble myself. That’s when it became a little scary.

Stone Payton: [00:02:50] And so as you got things going, I’m sure it wasn’t all smooth sailing. Do you remember some of your early mistakes and what you what you feel like you learned from them?

Dennis Geelen: [00:03:01] Oh, man. Tons of mistakes early on. Well, the first one right off the bat was probably being prideful and naive and just thinking, if I build it, they will come. Then once I started to get a much better understanding of branding and marketing, I started to realize, Man, I have to niche down. I really just announced myself as a business consultant and that doesn’t appeal to anybody. What what business, What industry? What problems do you solve for what types of companies? And at first I just thought, well, I don’t want to narrow myself down. I can do all kinds of different stuff. I get all this experience, but I wasn’t appealing to anybody, so I really had to pick a niche, narrow down and focus my branding and marketing on that. And that’s when things really started to pick up. So probably that pride, that naive and that lack of niching down, Where were my biggest mistakes in the beginning?

Stone Payton: [00:03:54] So yeah, describe your niche if you would, because I really applaud your your commitment to doing that. And I know a lot of small business people solopreneur are reluctant to niche down, but you speak to that a little bit and describe your niche, if you would.

Dennis Geelen: [00:04:09] Yeah, I went through a few iterations. I would say in the beginning with Xero in it was originally, Hey, I could do leadership or I could do project management or I could do leading at your operations. And really what I landed on as my niche was I want to help medium size businesses create a better customer and employee experience. But even then when I set it like that, it wasn’t appealing enough because A there’s a million other consultants that already do that. Now I sound just like them. So I ended up changing the way I say that to. I help companies solve a difference. And that got the eyebrows up. What do you mean by that? Well, you either have a different customers because you haven’t created this great experience. You haven’t created a brand that they love or you have in different employees. You haven’t created a culture where people are passionate to come to work each day for your company. That’s what I help you with. So once I figured out that niche and how to present that, that’s when things really took off.

Stone Payton: [00:05:14] Now, would you describe yourself, your practice as a as a solopreneur? Is that an accurate characterization?

Dennis Geelen: [00:05:21] Yeah, I’m an independent solo consultant. I don’t have any employees. There are times where I might partner with other consultants if I’m taking on a large engagement, but pretty much zero in is a one person show.

Stone Payton: [00:05:33] So does does it get lonely or have you figured out a way to work through that?

Dennis Geelen: [00:05:38] Yeah, I mean, in the beginning it was very exciting to be building your own thing and betting on yourself and doing this all by yourself and wearing many hats. And then once I had started to figure things out, but I needed to get to the next level or I needed to bounce ideas off somebody. And then, especially during the pandemic, it got really lonely. Then it became this. Instead of it being this excitement of wearing all these hats and having all these ideas going through my head, it became this pressure of, I have all this on my own shoulders. So the loneliness definitely can kick in at times.

Stone Payton: [00:06:16] Well, I can hear it in your voice and I know our listeners can as well. You you obviously have a passion, a real fervor for doing this kind of work. What is the most rewarding? What are you enjoying the most about the work at this point?

Dennis Geelen: [00:06:31] It’s really helping others. When I’m working with a business client. Every business has its own unique challenges, so bringing in a different perspective, maybe asking some questions they wouldn’t have thought to ask. Seeing the light bulbs go off and then then leaving them with a roadmap, a plan for here’s how we’re going to get from from A to B, It’s just so satisfying for me to see that after I’m done working with the client.

Stone Payton: [00:06:56] Now, you wrote a best selling book, The Zero in Formula some some time ago, and now you’ve got a new one out called The Accidental Solopreneur.

Dennis Geelen: [00:07:07] Yeah.

Stone Payton: [00:07:08] So was it were the experiences different from each other and what was the experience like putting that book to together? Yeah.

Dennis Geelen: [00:07:19] They’re very different. The first book there, The Zero in Formula I wrote when the pandemic first happened, all of a sudden I was given a bunch of time, a bunch of freedom. A bunch of my consulting was put on hold because of this COVID 19. I decided I’m going to write a book. So I just took what I do with my business clients and put it into the form of a book. So it’s a nonfiction business book. Here’s my formula. I do have some stories, some examples in there from clients I’ve worked with or other businesses around the world. But it’s a nonfiction book. This the next book, The Accidental Solopreneur, which I just released, very different in a few ways. One, it’s not a nonfiction book. This is a fictional parable. So I had to learn how to get good at writing fiction, developing characters, developing the story, creating some drama while still inside this book. I give all kinds of tips and strategies for for solopreneur. And that’s the other thing that’s different about this book. The zero in formula is meant for businesses and CEOs and business leaders. The accidental solopreneur was made for people like me who decided I want to bet on myself and do my own thing. If you want to be a solopreneur, here’s a book for you.

Stone Payton: [00:08:43] And you built an online course to complement the book. I’m operating under the impression that that the two tools, the resources work together if you do it properly. Yes. Talk about that a little bit.

Dennis Geelen: [00:08:55] Yeah. So the book, as I mentioned, is a non fiction parable, so it follows the story of a guy that leaves the corporate world and starts his own business. But I didn’t want it to read like a textbook. Yes, the strategies and there’s tactics in there. But if you really want to dive deeper into this and how you might be able to do this yourself, that’s where I decided an online course would be a much better medium for that. So that’s where I take them through a bunch of resources. I give them a workbook to work through. How do you find your niche? How do you package your services? How do you build an audience? What does that look like for you? And I really walk them through that in a bunch of videos.

Stone Payton: [00:09:31] So how does the whole sales and marketing thing work for a guy like you, a practice like yours? Do you find yourself needing to go out there with some discipline and some rigor and some structure to sort of, I don’t know, shake the trees or. Yeah, how does how do you get the new business, man?

Dennis Geelen: [00:09:49] Yeah. The biggest thing that’s been successful for me is leveraging LinkedIn. I mean, social media, just about everybody has it. But LinkedIn is the one that is specific for business. So I decided that’s the one I’m going to double down on. I had to really learn what works on LinkedIn, how do I give away value so people see me as a credible expert? How do I show up consistently? How do I write so that people find my posts engaging and valuable and interesting? So I’ve really taken the time to learn that platform and grow my audience there. And that’s been probably the biggest marketing strategy that I’ve doubled down on since I started Xero IN.

Stone Payton: [00:10:34] So have you had the benefit of one or more mentors as this effort has unfolded for you?

Dennis Geelen: [00:10:42] Yeah, several. Once I humbled myself and realized I don’t know everything, I need help. I started looking at, well, who are some successful people out there? So every time I’m doing something, I make a concerted effort to reach out to some people who’ve been there and done that. People who have grown an audience on LinkedIn, I reach out to them and I and I befriend them and I give value and I and I try and learn as much from them. When I’m writing my books, I reach out to bestselling authors, and you’d be surprised how many authors, well known authors are okay with having a Zoom call and just dropping some knowledge on you. When I’m creating my online courses, I reach out to people that have done it. And you know, I always want to put my own spin on it. I enjoy learning, but I don’t want to reinvent the wheel. I want to learn the best practices from people who’ve been there. So tons of mentors I’ve been able to leverage over the years.

Stone Payton: [00:11:42] I mentioned earlier your energy, your obvious passion for for the work. And in the same breath, I mean, I this is not my first rodeo. I know sometimes you got to run out of gas, man. You got to recharge. Where do you go? And I don’t necessarily mean a physical place. Where are you going to to get inspiration to sort of recharge those batteries?

Dennis Geelen: [00:12:06] I love to read, so I’m always reading at least 2 to 3 books at a time. Oh, my. I love fiction. I love to read a good John Grisham book, but I’m also wanting to read things that are challenging me. So I’ll read different fiction books. Some of them are business related, and then some of them may be completely unrelated to business. Maybe it’s a historical book, or maybe it’s an autobiography, but it just allows my mind to get away from my own business for a while. But it also injects new ideas, new perspectives, and I find that very refreshing.

Stone Payton: [00:12:47] So what’s next for you, man? Where are you going to be really spending the bulk of your your energy over the next, I don’t know, six to to 12 months in anything really different or new?

Dennis Geelen: [00:13:00] Well, since I released the Accidental Solopreneur, it’s really taken off. I’m getting all kinds of people from around the world messaging me, saying, Wow, I felt like that was my story. This chapter really stood out to me. This felt like you were speaking about my life. And then when they take the online course, it’s, Wow, I can do this, too. So I’ve also started offering coaching calls where if they want to go even further and they just want to spend an hour with me and we dissect their business idea or where they’re stuck, that’s really been taking off. I wasn’t sure that it would. I knew that there was a bit of a market here because people were always asking to pick my brain once they saw zero in taking off. But now I’m just kind of writing this out, saying, Wow, how far can this go? Will helping other Solopreneur actually take over more of my time than my business consulting? And if it does, I’m fine with that. I just love helping people. So just just really watching to see where this solopreneur coaching side of things goes for me over the next year.

Stone Payton: [00:14:04] I’d love to leave our listeners with a couple of actionable, I’ll call them Pro Tips, a couple of things that they ought to be thinking about reading. And look, gang, the number one tip reach out and talk with Dennis. That’s your number one to to tap into the online course, get your hands on the book. But maybe a couple of things that we should be thinking about reading doing not not doing.

Dennis Geelen: [00:14:27] Yeah, a couple of resources that have been very influential on me. If you want to go down the road of starting your own consulting business like I did with Zero in There’s a great book by Patrick Linson called Getting Naked, and it’s told in the form of a parable, but it’s about this small consulting company that just gives, gives, gives. They give free advice, they give free value away. And that’s what attracts customers to them, clients to them. And I really started adopting that philosophy. And it works. I mean, if somebody wants to book a call with me before we even decide it’s going to be a paid engagement, I just start giving away advice immediately. They start seeing me as a credible expert and that’s been huge. So getting naked by Patrick luncheon is great. There’s somebody I follow on LinkedIn, Twitter and subscribe to their newsletter. Her name is Caitlin Bhagwan. She is the CEO of a company called Customer Camp and she has a newsletter called Why We Buy. She is all about customer psychology. Why do customers choose certain things? Why? Why do they have these behaviors? What what makes them want to purchase certain things or decide on this product versus that product? And the insights that she gives is just invaluable. And every newsletter I get from her, I’m like, Man, I need to inject that back into my business. So why we buy has been a huge resource for me. And then on the solopreneur side of things, Justin Welch and his newsletter, The Saturday Solopreneur, has been very influential in my journey as well.

Stone Payton: [00:16:12] I am so glad that I asked.

Dennis Geelen: [00:16:15] There you go.

Stone Payton: [00:16:17] Okay. Let’s make sure that our listeners can reach out, have a conversation with you or whomever is appropriate. I want to make sure they can get their hands on this book and have easy access to this online course. So whatever you feel like is appropriate LinkedIn, you know, website. I just want to make sure they can tap into your work, man.

Dennis Geelen: [00:16:37] Probably the best place for them to go then would just be my my personal website. Guillen got me there. There’s links to the book. There’s links to the online course, there’s links to coaching calls, There’s links to zero in where they can see what I’m doing there. Or the other place people can connect with me directly is on LinkedIn. I love engaging with people there and just getting to know their story and helping them any way that I can.

Stone Payton: [00:17:04] Well, Dennis, it has been an absolute delight having you on the show this morning. Thank you for investing the time and the energy to share your perspective and your expertise. This is been an informative, inspiring, marvelous way to to invest a monday morning. Man. Thank you.

Dennis Geelen: [00:17:23] Yeah. Thanks so much for having me on.

Stone Payton: [00:17:25] All right. Until next time, this is Stone Payton for our guest today, consultant, author and founder of Zero End, Mr. Dennis Guillen, and everyone here at the Business RadioX family saying we’ll see you in the fast lane.

 

Tagged With: Zero In

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