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Decision Vision Episode 175: Should I Overhaul My LinkedIn Profile? – An Interview with Angela Dunz, Cowgirl Creative Consulting

June 30, 2022 by John Ray

Angela Dunz
Decision Vision
Decision Vision Episode 175: Should I Overhaul My LinkedIn Profile? - An Interview with Angela Dunz, Cowgirl Creative Consulting
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Angela Dunz

Decision Vision Episode 175: Should I Overhaul My LinkedIn Profile? – An Interview with Angela Dunz, Cowgirl Creative Consulting

Angela Dunz of Cowgirl Creative Consulting says that even though LinkedIn is the smallest social platform, 72% of the time it’s the place a potential client will contact you. Given the efficacy of the platform, is it worth the work to overhaul your profile? Angela and host Mike Blake look at the effectiveness of LinkedIn, how to know if it is working for you, how to make the most of it, and much more.

Decision Vision is presented by Brady Ware & Company and produced by the North Fulton studio of Business RadioX®.

Cowgirl Creative Consulting

Cowgirl Creative Coaching is inspired by the spirit of adventure and grit that both cowgirls and entrepreneurs have.

It takes speed and agility to get your ideas to market.

Safety and success for horses is in the herd. More eyes, more wisdom. Small business is the same. Together we thrive and create rich communities of collaboration and innovation. Small business is the backbone of what carries great communities. Cowgirl Creative has the grit and spirit to shift quickly in response to changing needs and conditions. They have the boots on the ground ability to address short-term situations. And, the vision and creativity to shape the future. They help their clients see beyond what they think is possible.

Angela works with coaches, consultants, and small businesses building a personal brand and business development using LinkedIn. What does that mean? Establishing a strong brand, building your networks, expanding your influence, increasing opportunities, strengthening referral partnerships, and discovering new ways to reach your ideal audience with connection and content strategies that get results. Her personal mission is to change the awkwardness of “self-promotion” to an act of service.

Company website | LinkedIn | YouTube

Angela Dunz, Owner, Cowgirl Creative Consulting

Angela Dunz, Owner, Cowgirl Creative Consulting

Angela works with coaches, consultants, and small businesses, building a personal brand and business development using LinkedIn. What does that mean? Establishing a strong brand, building your networks, expanding your influence, increasing opportunities, strengthening referral partnerships, and discovering new ways to reach your ideal audience with connection and content strategies that get results.

Angela’s personal mission is to change the awkwardness of self-promotion to an act of service. Angela is a former high school rodeo champion. She is a rock climbing guide and a current NFL fan, and she’s a big fan of the Packers.

LinkedIn

Mike Blake, Brady Ware & Company

Mike Blake, Host of the “Decision Vision” podcast series

Michael Blake is the host of the Decision Vision podcast series and a Director of Brady Ware & Company. Mike specializes in the valuation of intellectual property-driven firms, such as software firms, aerospace firms, and professional services firms, most frequently in the capacity as a transaction advisor, helping clients obtain great outcomes from complex transaction opportunities. He is also a specialist in the appraisal of intellectual properties as stand-alone assets, such as software, trade secrets, and patents.

Mike has been a full-time business appraiser for 13 years with public accounting firms, boutique business appraisal firms, and an owner of his own firm. Prior to that, he spent 8 years in venture capital and investment banking, including transactions in the U.S., Israel, Russia, Ukraine, and Belarus.

LinkedIn | Facebook | Twitter | Instagram

Brady Ware & Company

Brady Ware & Company is a regional full-service accounting and advisory firm which helps businesses and entrepreneurs make visions a reality. Brady Ware services clients nationally from its offices in Alpharetta, GA; Columbus and Dayton, OH; and Richmond, IN. The firm is growth-minded, committed to the regions in which they operate, and most importantly, they make significant investments in their people and service offerings to meet the changing financial needs of those they are privileged to serve. The firm is dedicated to providing results that make a difference for its clients.

Decision Vision Podcast Series

Decision Vision is a podcast covering topics and issues facing small business owners and connecting them with solutions from leading experts. This series is presented by Brady Ware & Company. If you are a decision-maker for a small business, we’d love to hear from you. Contact us at decisionvision@bradyware.com and make sure to listen to every Thursday to the Decision Vision podcast.

Past episodes of Decision Vision can be found at decisionvisionpodcast.com. Decision Vision is produced by John Ray and the North Fulton studio of Business RadioX®.

Connect with Brady Ware & Company:

Website | LinkedIn | Facebook | Twitter | Instagram

TRANSCRIPT

Intro: [00:00:01] Welcome to Decision Vision, a podcast series focusing on critical business decisions. Brought to you by Brady Ware & Company. Brady Ware is a regional, full-service accounting and advisory firm that helps businesses and entrepreneurs make visions a reality.

Mike Blake: [00:00:21] Welcome to Decision Vision, a podcast giving you, the listener, clear vision to make great decisions. In each episode, we discuss the process of decision making on a different topic from the business owners’ or executives’ perspective. We aren’t necessarily telling you what to do, but we can put you in a position to make an informed decision on your own and understand when you might need help along the way.

Mike Blake: [00:00:44] My name is Mike Blake, and I’m your host for today’s program. I’m the managing partner of Brady Ware Arpeggio, a data-driven management consultancy which brings clarity to owners and managers of unique businesses facing unique strategic decisions. Our parent, Brady Ware & Company, is sponsoring this podcast. Brady Ware is a public accounting firm with offices in Dayton, Ohio; Alpharetta, Georgia; Columbus, Ohio; and Richmond, Indiana.

Mike Blake: [00:01:08] If you would like to engage with me on social media with my Chart of the Day and other content, I’m on LinkedIn as myself and @unblakeable on Facebook, Twitter, Clubhouse, and Instagram. I also host a LinkedIn Group called Unblakeabble’s Group That Doesn’t Suck, so please join that as well if you would like to engage.

Mike Blake: [00:01:25] So, today’s topic is, Should I overhaul my LinkedIn profile? And I’ll be very candid with you listeners. I wasn’t necessarily planning to do this topic. It’s not something that I sort of woke up and said three weeks ago, I got to do this topic. But then, last week I heard our guest speak and I attended her webinar, and I was just blown away by how good it is and how informative it is.

Mike Blake: [00:01:56] I say this in the perspective of somebody who’s been on LinkedIn for quite a long time. I actually generate a lot of business over LinkedIn, thankfully, and develop a lot of important relationships over LinkedIn. And, nevertheless, I thought I was pretty good at this stuff until I heard her speak. And then, I realized, “Oh my God. I’m probably leaving all this business on the table.” And I didn’t want to keep it to myself, frankly. And so, I wanted to bring her on and, thankfully, she agreed to do so.

Mike Blake: [00:02:29] And so, it is my pleasure to introduce Angela Dunz, who’s founder of Cowgirl Creative Consulting. And we’re going to learn why Cowgirl in a second. But they’re inspired by the spirit of adventure and grit that both cowgirls and entrepreneurs have. It takes speed and agility to get your ideas to market. Safety and success for horses is in the herd. More eyes, more wisdom. Small business is the same. Together, they thrive and create rich communities of collaboration and innovation.

Mike Blake: [00:02:59] Small business is the backbone of what carries great communities. They have the grit and spirit to shift quickly in response to changing needs and conditions. They have the boots in the ground ability to address short term situations and the vision and creativity to shape the future. Cowgirl Creative Coaching helps their clients see beyond what they think is possible.

Mike Blake: [00:03:19] Angela works with coaches, consultants, and small businesses, building a personal brand and business development using LinkedIn. What does that mean? Establishing a strong brand, building your networks, expanding your influence, increasing opportunities, strengthening referral partnerships, and discovering new ways to reach your ideal audience with connection and content strategies that get results.

Mike Blake: [00:03:39] Angela’s personal mission is to change the awkwardness of self-promotion to an act of service. Angela is a former high school rodeo champion. We have never had a rodeo champion on this program, and this is podcast number 174. She is a rock climbing guide and a current NFL fan, and she’s a big fan of the Packers – a team that broke my heart as a Patriots fan back in 1996. She is also the author of Conversations with Skunks #LinkedInBadAss, which I just love. LinkedIn Badass, Angela Dunz, welcome to the Decision Vision podcast.

Angela Dunz: [00:04:13] What an intro that was. And thank you so much for the comments about the webinar, Mike. I find that to be true about a lot of people. We don’t know what we don’t know if we don’t stay on top of things.

Mike Blake: [00:04:27] Well, it really was fantastic. Not good. Great. And LinkedIn is now such an important tool. I think the pandemic certainly underlined how important social selling is. And I’m going to use Brandon Lee’s term, he was a guest on our program about 20 weeks back. It’s such an important tool. And it starts with your profile, doesn’t it? I mean, that is sort of your shingle, that is sort of the doorway into the restaurant, so to speak.

Angela Dunz: [00:05:00] Yes. That is where you start to make an impression. So, if somebody Googles your name, the first thing that’s going to come up is your LinkedIn profile. So, often, their very first impression of you is whatever they see on your profile. And you only get five seconds before they decide “Yes. I want to look further” or “No. This isn’t the person.”

Mike Blake: [00:05:24] So, there are, of course, skeptics out there of social media. There are skeptics out there of LinkedIn. Make the case that LinkedIn is so important today.

Angela Dunz: [00:05:39] LinkedIn is the smallest social media platform out there. The smallest.

Mike Blake: [00:05:45] Huh? I didn’t know that.

Angela Dunz: [00:05:47] They are about 15 times smaller than YouTube. If you take all the traffic driven by social media put together, more is driven from LinkedIn, 52 percent of all social traffic to websites comes from LinkedIn, the smallest platform. HubSpot does not even include LinkedIn in their top ten platforms for social media. It’s too small.

Mike Blake: [00:06:17] And so, that enables you to stand out, I guess. And it truly is still fairly business focused, we’re going to get to that a little bit later if we have time. But it still is pretty business focused.

Angela Dunz: [00:06:27] It is. You know, personalization has definitely changed the way we look at professionalism. And communication has changed a lot in the newsfeed. But the reason why driving traffic to your website or a calendar link is so important is because, when we’re on LinkedIn, we have that “I will not be sold to” face on. And so, driving traffic to some place they’re more likely to make a purchasing decision is really what you want LinkedIn to do for you.

Mike Blake: [00:06:59] And I’d like to talk about what LinkedIn can do for me. And I know we’re talking about profiles, but I think we also have to make the case that LinkedIn is an exercise worth doing before we talk about investing in the profile. And I think LinkedIn sort of gets a bad rap, and I’m sure you’ve heard this a million times. I have. I’ve been on LinkedIn for six years. I’ve never gotten a bit of business on it. What have you actually done with it? Nothing. But I’ve never gotten any business, so therefore it’s a waste of time.

Mike Blake: [00:07:30] And I know you coach a lot of clients in this, so what is a realistic set of expectations for what LinkedIn can do as a business development tool? It’s not exactly just sort of set up your profile and then just sort of aggressively wait for the phone to ring or emails to pop-up, right?

Angela Dunz: [00:07:49] Right. Right. And that’s an excellent question. But statistics say that 72 percent of your potential referral partners and prospects look at your LinkedIn profile first. So, number one use is attraction. You want to make sure that you’re getting them to your profile. And once they’re there, your profile is not about you, but it’s client focused. It’s talking about what you can do for that client.

Angela Dunz: [00:08:18] Another thing that LinkedIn can help with is visibility. You know, there’s a lot of traffic in the newsfeed, but are you in the mix providing value and staying top of mind with your referral partners and your prospects?

Angela Dunz: [00:08:34] There’s quite a few things that LinkedIn can do for you. Thought leadership is definitely an entire strategy. And then, using influencers to expand your brand. So, find out who are the movers and shakers in your field, and then go to their posting, and comment and join the conversation. Definite credibility builder.

Mike Blake: [00:09:00] And so, there are so many ways we can go, we can go with this. I want to start with this because I think this is a really important point, that writing the LinkedIn profile from the clients’ or customers’ perspective, extremely important. But in my experience, also deceptively hard to do. And I hope you’re laughing because you agree. Maybe it’s –

Angela Dunz: [00:09:28] Yes.

Intro: [00:09:29] As I’ve tried to do that with my LinkedIn profile and copy in our website, it is painful to do, not because I don’t believe in client centrism, I do, but we’ve all been trained in sort of an egocentric method of, “Not here’s what you need, but here’s what I am. Do you want some?” Writing in that way from the second person – we’re not even trained in school to think about second person perspective. It’s first or third – it’s really hard. It’s a challenge to write in that client perspective, isn’t it?

Angela Dunz: [00:10:03] Yes, it is. And, you know, I’m an introvert and I’ve been a marketer forever. And I’m of the school of thought that you should never be allowed to write your own copy. Because sometimes we’re so close to it, it’s hard to be objective. And market research is just so critical. It’s like, “What is the problem that you’re really solving for your client?” Because it may not be obvious to you, it may be something altogether different. So, you really want to find out what are the things that keep your clients up at night, and how is it that you’re solving that problem for them?

Angela Dunz: [00:10:44] Your LinkedIn profile is not about you until you can communicate clearly to your client. Who is your client? Name that audience. And then, number two, tell them what results you can bring for them and what problem you’re going to solve for them. That’s really what it’s all about.

Mike Blake: [00:11:05] So, I mean, a LinkedIn profile, is it reasonable to even consider hiring somebody to write your LinkedIn profile for you? Because you’re suggesting that somebody trying to write their own collateral material, that’s just very difficult to do. Does a LinkedIn profile rise to the level of potentially even outsourcing that copy?

Angela Dunz: [00:11:30] Well, it really depends. That’s an awesome question. And it’s one of those things where it depends. I work jointly with my clients on writing that profile, so it’s something that we craft together. And I sort of trick them into the kind of copy that’s going to be client focused with a writing activity that I have them do. And they don’t even realize that it makes it easier for them to start talking about the problems that they solve. And then, we incorporate that into the About section.

Angela Dunz: [00:12:08] So, the About section, that very first paragraph really has to be client focused. And I have two ways I like to have people start that. You either use some qualifying questions so that they can say, “Oh, yes. That’s me.” Or you tell a story. What was the challenge that you solved for somebody, and what were the results that they were able to enjoy because of working with you. Anybody can read themselves into a story and stories are memorable.

Mike Blake: [00:12:39] And that’s sort of next level writing, right? I mean, frankly, not everybody can write a story to begin with.

Angela Dunz: [00:12:47] It’s a joint project.

Mike Blake: [00:12:50] Yeah. So, you’ve actually started to answer the next question, but I want to make that explicit. Is the name of the game on LinkedIn to position yourself as the best at what you do or simply differentiate it in some way?

Angela Dunz: [00:13:07] Great question. And I really think – I’m of the school of thought, again – that there is an unlimited number of people who want to work with you. You know, it’s not I’m not taking business away from somebody else by attracting business to me. What LinkedIn is really good for is what is your special something, something.

Angela Dunz: [00:13:29] Now, I belong to a networking group that has four immigration attorneys in it. And a lot of people would say, “That’s insane.” But they each work on different pieces of the pie. One of them works on people who want to get married. And that’s very different than people who are trying to get visas.

Angela Dunz: [00:13:48] So, there’s lots of LinkedIn consultants. One of my specialties is optimization. So, if what you’re looking for is more inbound inquiries and people finding you for the right thing, then I’m the person you want to talk to. Now, if you’re a job seeker, I’m not going to be your best bet. There are other people that are much better at that. So, it’s two pronged, Mike. You want to make sure that people are creating an emotional attachment to you that you’re a real person and you’re very clear about what your specialty is.

Mike Blake: [00:14:31] So, I want to switch tacks here, because one of the challenges of all social media platforms, LinkedIn is certainly no exception, is that their algorithms will change periodically. And some would even argue, just when you think you got the thing figured out, bam, they’re going to change it up on you. But at least LinkedIn is fairly good about announcing major changes to its algorithm. Places like Facebook/Meta will just sort of do it, then you got to figure it out. When LinkedIn makes an announcement like that, should that prompt all of us to run back to our profiles and make sure that it’s now consistent with what the algorithm is going to find?

Angela Dunz: [00:15:17] And that’s another question where the answer is it depends. So, they did a major shift on algorithms for the newsfeed about a year ago, and one of the things that they had been doing is if you re-shared third party articles, like Harvard Business Review or E Ink, it was not going to get as spread around as something that was original material.

Angela Dunz: [00:15:45] Now, Harvard Business Review and E Ink said, “Hey, you attracted us exclusively to post our content on your platform and now you’re penalizing us?” They said, “That’s not playing fair.” So, they evened the board. So, I told all my clients that are sharing content, “Go ahead and share third party articles now because you’re going to get the same juice that you do from original content.” So, yes, adapt to the changes with that.

Angela Dunz: [00:16:13] Now, the way profiles are served up in searches doesn’t change significantly. Where the algorithms change the most is definitely the way content is served up in the newsfeed. And that’s some place where you do want to anecdotally observe what’s going on and adapt to those changes. But I wouldn’t say every time something changes, run out and change your profile significantly.

Mike Blake: [00:16:40] Okay. So, LinkedIn in the last year, I believe – I think it was late last year – introduced something called Creator Mode. And has Creator Mode changed either the opportunities or at least best practices in terms of how we position our LinkedIn profiles? And if so, how?

Angela Dunz: [00:17:01] I don’t think it’s made that big of a difference, to tell you honestly. Because for all the people that I do social media posting for, I kept all kinds of KPIs on exactly what was happening with their profiles and I did not see a significant change. Now, where I think the advantage of Creator Mode is, is that when people read your headline, just below it, are your five quintessential hashtags. Now, if you read that, that should really tell me the flavor of who you are.

Angela Dunz: [00:17:36] So, for me, I don’t work with job seekers, and that’s not included in my Creator Mode hashtag. So, you’ll very quickly be able to differentiate me from another LinkedIn consultant and what they do. So, Creator Mode, I think it has given us an opportunity to be more clear about what it is that we do. And it definitely is a part of the optimization. If somebody uses one of those search terms to find you, you’re going to get served up preferentially for that specific hashtag or those keywords, either way.

Angela Dunz: [00:18:17] So, there are three places in the profile that are more heavily weighed for keywords, Headline, Creator Mode, and the Skill Section. So, that’s where you really want to focus your optimization efforts.

Mike Blake: [00:18:32] So, let’s sort of open the floodgates here. In your mind, what are the most important best practices for creating and maintaining a great LinkedIn profile?

Angela Dunz: [00:18:48] Get some wonderful optimization and use every single one of the pieces and parts of the optimization. That is going to increase your inbound. So, any keyword that’s anywhere in your profile for something that you don’t do any longer, find a way to change that, so that you’re found for the current things that you do by the right people. So, the optimization would be the number one thing that I would work on for someone.

Angela Dunz: [00:19:18] The second thing that I would think about is –

Mike Blake: [00:19:20] Can I pause you there? Can I pause you there because I want to ask a follow up question on that? Sorry to interrupt, but if I don’t ask you now, I’ll forget. When you describe optimization, it sounds a lot like web page optimization, SEO optimization, is that a fair statement?

Mike Blake: [00:19:39] And if so, is building an optimized LinkedIn profile – and I sort of touched this before, but I think it’s worth going back to – a sophistication around LinkedIn search engine now becoming such that there may be a cottage industry, just like there is for SEO and web page optimization of optimizing your LinkedIn profile? Because this is starting to seem like a lot of stuff that’s away from the pay grade of the typical outside of the realm of technical capability for the typical LinkedIn user.

Angela Dunz: [00:20:12] It is a fair analogy. I mean, I try to explain to people that LinkedIn is kind of like an internet, because they have their own formulas for how people are served up in searches. Now, just like SEO, it’s a very complex formula. Density, do you have media, and video, and photos, and infographics incorporated into your featured section and your work experience? Those are really big pieces.

Angela Dunz: [00:20:45] You know, if you imagine your LinkedIn profile is just words, texts, the crawlers don’t care about that so much. It’s looking for density. Do you have video there? Do you have chunky stuff that are going to be so much more attractive to the crawlers and you’re going to get served up more quickly? So, it is a complex formula, and you’re right.

Angela Dunz: [00:21:12] You know, I have a friend who schedules an appointment with herself once a quarter to work on her LinkedIn profile. And that’s one of the first things that she does. Now, for my social media clients, every single week I add more media to their featured section. I add something new. Because it’s very similar to a website, you add a blog, and Google is like, “Ooh, fresh content. We’re going to go get us some of that.” So, there are similar things. You just have to think about it from a different point of view on LinkedIn. It’s not the same as a website, but it’s very similar.

Mike Blake: [00:21:52] That’s interesting. I think that’s an important learning point. So, I did interrupt you. So, after optimization best practices, you’re about to start a number two.

Angela Dunz: [00:22:00] And there is professional branding. You know, if somebody looks at your profile, are they going to ghost you forever or are they going to actually be attracted and engaged by your profile? If you are winning this optimization game, once they arrive at your profile, you want to stay there. So, do you have a profile photo that is up to date, and friendly and approachable, and professional looking? Are you using that banner space in an appropriate way to really draw people in? And if it’s really just a logo or words, no one cares. You want to try to incorporate people in. It’s the biggest piece of real estate on LinkedIn, use it well.

Angela Dunz: [00:22:49] And then, your Headline. Are you speaking directly to your entry level ideal client and piercing them through the heart with the problem that they have? And then, the About section, are you talking to them about what their problems are and how you can fix that? So, that is definitely number two.

Angela Dunz: [00:23:11] And then, are you staying visible? Linkedin’s best use is as a relationship building tool. It is an extension of networking. And whatever you’re doing to attract prospects and referral partners, it’s an extension of that. It’s social. Are you using it in a personalized social way to stay top of mind? And a lot of people think, “Oh, I post every day.” Well, if it’s generic posting, no one’s paying any attention. If you’re not saying, “Hey, happy work anniversary” or “I saw that you just got an award for the chamber,” or whatever it is, that’s personal. Posting every day is not personal.

Mike Blake: [00:23:58] And, again, it’s also egocentric, right? So, when you post every day that’s transactional. But when you’re engaging with somebody else, that’s relationships.

Angela Dunz: [00:24:05] Yes. Yes.

Mike Blake: [00:24:08] So, we talked about the good. Let’s talk about the bad. What are some things that are just obvious Linkedin profile killers? Things you look at and you just say, “Oh, my gosh. That’s just a minute of my time I’m not getting back.”

Angela Dunz: [00:24:25] Well, my biggest pet peeve is the people who are extreme extroverts, and it’s just all about them. You know, you’ve got their profile photo and their banner has six more pictures of them. Those are usually pretty much a killer. Or, “I just won this award. And I just appeared on TEDx,” and all of that. The killers are really talking about yourself.

Angela Dunz: [00:24:55] I think that the pandemic has changed LinkedIn forever. You know, you never used to see really personal posting and really personal things on LinkedIn. And, now, it’s part of the hyper-personalization. So, you really want to be careful about how far you go into the compassion and empathy and speaking directly to your ideal client. But you also do not want to be egocentric and bragging about everything that you do.

Angela Dunz: [00:25:25] The focus is, are you adding value to that person or are you wasting that one minute that they spent looking at your profile? Is there a resource in the featured section that’s actually going to be something that either inspires them, or educates them, or causes them to take some sort of action? Those are rules of thumb that are really good for, Are you wasting people’s time or are you actually engaging with them?

Mike Blake: [00:25:54] And, you know, you bring up a really interesting point, and I’m intrigued by how you link that to the pandemic. That doesn’t mean that I’m arguing with you at all, just I hadn’t thought that through. But I have noticed in the last six months to a year, and it may be happening longer, but this is just my noticing it, that Linkedin is kind of becoming a little bit more Facebook-y. And you’re seeing people share things that border on TMI. You’re seeing people that are now more willing to share political views, which, to me, I think is putting a fork in a toaster while standing in a rain puddle, by the way.

Angela Dunz: [00:26:36] They have no place on LinkedIn, in my opinion.

Mike Blake: [00:26:38] But why do they do that? And I speculate they’re doing that because a lot of those people are being canceled on Facebook. Or they, themselves, are leaving Facebook because, for whatever reason, they can’t take it. Some people see LinkedIn as more of a captive audience, where you don’t want to shrink your network, you don’t want to abandon the platform because of the professional ramifications. Or is it something totally different? What do you think is going on there?

Angela Dunz: [00:27:07] I think it’s something totally different. And I’ll give you a couple of examples. Right after the pandemic started, one of my friends said, “Well, I guess we’re all going to be stuck at home for a while, I’m just going to give you a little video tour of my work from home desk. Here’s the birthday card I got from my mom last week. Here’s my plants.” I thought it was so endearing. And she had thousands of views. And people shared videos of their own. It was touching people in a way. Now, that is a very ephemeral thing. It only has a window of a couple of minutes. It was the beginning of the pandemic. But it was business people connecting with each other in a way that was real.

Angela Dunz: [00:27:55] Now, I’m going to give you another example, and I hope this will help. I post once a week video on LinkedIn, and some of them, I think, are like golden nuggets of LinkedIn tips. And I don’t get that many views. I just don’t. I wish it was a lot more. But the people that do watch actually look.

Angela Dunz: [00:28:18] Now, same week, I can post a pixelated picture of my sister and I snowboarding, and talk about passion and commitment and get 4,000 views on that post. It was me sharing something personal in a business context. And I got business from that post, which is shocking to me. It’s taken me a long time to be able to share on a personal basis.

Angela Dunz: [00:28:48] Now, the other day, I saw a post that really knocked me back in my seat. A woman had gone to a conference in Chicago from out here on the West Coast. And as soon as she got off the plane, they told her to go back home because her son had died. Now, she has not gone back to this specific conference in three years. So, she posted on LinkedIn what happened.

Mike Blake: [00:29:16] I read that. I read that exact post.

Angela Dunz: [00:29:19] And what she did was she said, “Please talk to me about this situation. I’m giving you permission to use my son’s name. I’m so excited to come back and reconnect with all the people that I miss.” She was informing people of what appropriate etiquette was for her in this situation. And for most of us, we don’t want to be wrong and we don’t want to be awkward, but invariably we are. And it was just a really good use of PMI, but in a way that was proactive and informative.

Mike Blake: [00:30:07] Yeah. I thought that was a very interesting post and it was so raw. And as a parent myself, I just think there but for the grace of God go I. So, you cannot imagine that. But I thought that was fascinating that rather than going to that conference and having people sort of stay away because I don’t even know how to start that conversation, like, “How are you doing?” “Terrible.” Or it’s a silly question.

Mike Blake: [00:30:41] By getting in front of that, that’s the opportunity to sort of basically have a virtual sandwich board saying, “Okay. We’re just getting this all out now. And now I’m trying to move on with my life, please help me do that, feel comfortable doing that.” Now, that post could have gone very wrong.

Angela Dunz: [00:31:03] In a hundred ways.

Mike Blake: [00:31:05] And that’s sort of the courage behind it. But as a LinkedIn expert, I’m curious, do you think that that individual had somebody reading it before they posted it? Do you think maybe they sat on it, marinade for two weeks before they did it? Or maybe it was just, “You know what? I’ve had a couple of glasses of wine, I’m getting on this thing at 11:00 at night. Because if I sober up tomorrow morning, I’ll never type this out.” What do you suspect went on there? And what do you think is best practices if somebody in the audience thinks they want to post something similar to that?

Angela Dunz: [00:31:40] All of the above. I would definitely write it out and probably have one of my besties look at it and give me a second opinion. I would probably sit on it for several days and not pull the trigger until I had a glass of wine or a good whiskey before I actually sent it out at midnight and went to bed.

Angela Dunz: [00:32:11] And I’ve done all of the above. And I’ve done all of the above on the same post. But I think it’s good to get opinions about things like that that are potentially oversharing, and vulnerable, and sensitive. But I’ll bet you, there are hundreds of parents that appreciated that share because it informed them about how they could possibly respond in similar awkward situations and not be isolated in whatever they were going through.

Mike Blake: [00:32:51] The topic here, Should I overhaul my LinkedIn profile, which presumes that we want to overhaul it because we think it’s not working very well. What are some signs that the LinkedIn profile is not working well, is not performing as well as it could be?

Angela Dunz: [00:33:09] Well, you know, the bottom line is, are you getting referrals? And, in marketing right now, we say that we don’t know anything. We really don’t. Because consumer behavior has changed so dramatically. We know nothing seriously. We just don’t know what is inspiring people and motivating people to purchase anything these days. We’ve gotten so much more discriminating and so much more sophisticated about all of that.

Angela Dunz: [00:33:37] But I would say, and we also say, it’s 12 to 20 touches before somebody picks up the phone to get a hold of you. Linkedin is one of those touches in many cases, 72 percent of the time it’s the number one place that they touch with you. So, you want to make sure that you’re asking people, How did you find out about me? Did you look at my LinkedIn profile?

Angela Dunz: [00:34:07] Now, sure indicators that LinkedIn is not working for you is you have very few profile views. So, the Who’s viewed your profile? is something that I look at all the time. And if nobody’s viewing your profile, then you haven’t been networking, you’re not adding new people, you’re not getting out and about. No one’s engaging with you. You’re not posting whatever it is. You have to stay visible in one way or another.

Angela Dunz: [00:34:33] Now, the second thing I like to look at is Search appearances. That tells me whether the optimization is working or not. If you’re coming up in a lot of searches and they’re the right searches, then your optimization is working fantastic. But if you’ve got just a few searches and they’re not the right people, you’ve got some work to do.

Angela Dunz: [00:34:56] Now, the other indicator that I like to look at is the social selling index. And it’s interesting because, today, I sent out my newsletter and I explained the importance of all three of those little KPIs that I use with clients. The social selling index is mostly for people who are in sales. But I find that solopreneurs and small firms, business development people, get a lot of great information from the four different categories in the SSI score.

Angela Dunz: [00:35:27] But at the end of the day, it’s, Are you getting inbound inquiries in some way, shape, or form? Is somebody picking up the phone? Is somebody sending you a message? Are they going to your website from LinkedIn? And Google gives us analytics for that.

Mike Blake: [00:35:47] You know, you brought something up here that I think I want to make sure that we hit because I think it’s important. The LinkedIn profile is a keystone to a larger strategy, right?

Angela Dunz: [00:36:02] I like to call it the centerpiece.

Mike Blake: [00:36:04] Okay. The centerpiece. Great. We’ll use your term because you know more about it than I do. So, it’s important to understand the limitations of a LinkedIn profile could be awesome. But if there’s no other activity behind it, it’s unlikely to generate a whole lot of results. It’s part of a broader commitment to the platform itself, right?

Angela Dunz: [00:36:26] Yes. And, you know, there are so many different ways to look at the LinkedIn profile. For attorneys, their end users, the client, usually don’t come to them directly. It’s usually a referral from another attorney. And so, for them, I have a different strategy than I do for coaches. Because they just need one that’s adequate that really lets people know, “Hey, I’m credible. I’m a leader in my field.” So, when the client actually looks at their profile, that they’re not being repelled, they’re being attracted, or they at least say, “Oh, he’s adequate. And he’s been recommended to me, so it’s going to be okay.”

Angela Dunz: [00:37:06] Now, a coach is a completely different situation. They have to establish immediate rapport. And have that person know, like, and trust them well enough to put their vulnerable self in a coach’s hand to solve a specific problem.

Mike Blake: [00:37:23] Well, let me rephrase this, my observation is I think LinkedIn as a platform is becoming a bit spammier than it has been in the past. I’m receiving more connection requests, more Inmail, more, frankly, people that I have to block. Because it’s okay if you want to sell to me, but at least be honest about it. Don’t tell me how interesting I am, connect, and then start to sell me whatever. Do you see the same thing? And is there anything that you can do to your LinkedIn profile that might deter spam?

Angela Dunz: [00:38:07] There isn’t a lot that you can do to deter it other than what you mentioned, the blocking. And I applaud you for doing that. They are repeat offenders. These are very aggressive people. Now, LinkedIn last year limited the number of invitations that can be sent in a week. It used to be 100 a day. It has been reduced to 100 per week per profile. And part of that was to eliminate third party automation and the spray and pray method of trying to get a hold of people.

Angela Dunz: [00:38:43] Now, I think that everyone should have a connection strategy. So, if you take five seconds and you look at who it is that sent you an invitation and you think that they’re going to tell you, “I’m going to make you a seven figure coach within the next nine weeks,” it’s an automatic no. But everybody should have a connection strategy. If they’re not a potential client or referral partner or just an influencer in your field, then it’s a no.

Angela Dunz: [00:39:13] And blocking them is very helpful because if somebody gets X number of blocks, and I believe it’s ten, they get their profile pulled for three days. They go in LinkedIn jail. So, by taking the time to actually block some of these repeat offenders, you’re doing all of us a favor.

Mike Blake: [00:39:35] Okay. I’m glad I’m contributing to the common good by doing that because I do like blocking people that annoy me. So, let me ask you this question, this is probably going to be it depends answer, but that’s okay. I found that one of the stronger features or more useful features of LinkedIn is a LinkedIn Navigator program, because I can see who’s visiting my profile. It ain’t cheap, 80 bucks a month is not an inexpensive investment. But on the other hand, for me, I find just knowing in terms of KPI, and then if there’s somebody that I could actually actively follow up on, it’s worth the price of admission. But I’m curious what you think of it as a true LinkedIn expert.

Angela Dunz: [00:40:26] Sales Navigator, if you are a sales professional, it’s an absolute must. There is no stronger tool for sorting through things on LinkedIn and really drilling into a specific industry, a specific type of relationship.

Angela Dunz: [00:40:44] You know, when I used to teach sales training, I would say, “Go back to anybody who lists some place that you used to work at as one of their former places that they worked, you’ve automatically got a connection. You have a permission to speak to that person sort of situation. There’s so many strategies that are so successful once you make the investment for Sales Navigator.

Angela Dunz: [00:41:15] Now, Sales Navigator is not a CRM. You want to use it in conjunction with something that really helps you sort through your different buckets of ideal clients, and where is that person at on the client journey. So, those are really helpful tags and things that you want to use to segment your lists. But there is no stronger tool than Sales Navigator.

Mike Blake: [00:41:42] Now, it’s my observation that LinkedIn, like almost every other social media platform, is increasingly promoting video content. For whatever reason, they’re doing that, and I’m not a social media expert. Tell our listeners, is there a way to actually integrate video into your profile. And if so, is that a worthwhile undertaking?

Angela Dunz: [00:42:10] Yes. And there are a number of ways that you can do that. Actually, I think it’s two years ago, you can actually add a video to your profile photo and you could say, “Welcome to my profile and I’m so glad that you’re here. And please make sure that you read my About section,” or something like that. It’s a 30 second – I think it’s actually 29 – and you can only do it on your phone. So, that is one excellent way to include video. It adds some chunkiness to your profile.

Angela Dunz: [00:42:46] The other way is I really encourage people to add video to their Featured section, and add it to your posting, add it to your work experience. You know, it’s just like a welcome video on YouTube. You want to let them know who you are, who you work with, what you’re all about, and what problems you solve. And video is the fastest way to know, like, and trust.

Angela Dunz: [00:43:14] I love it when clients come to me and they say, “I watched a couple of your videos,” because I know that that appointment is probably going to be a slam dunk. They already trust me. They’ve already decided that the way I think and the way I operate is going to resonate with them.

Mike Blake: [00:43:36] So, I want to switch gears here. I think my sense is that one of the most overlooked components of the LinkedIn profile is the background image. And I think part of it is that it’s actually not all that easy to put a background image in. There are licensing issues. You’ve got to have the exact dimensions of the photo correctly. It takes some effort. Is it worth the effort?

Angela Dunz: [00:44:05] It is more than worth the effort. It is one of the most converting pieces of your LinkedIn profile. And best practices for that is pictures of people. And interestingly enough, the SSI score, one piece of that is, are you using that banner and are you using it well? So, LinkedIn, themselves, thinks that that is important enough to put into their Social Selling Index. And it is the biggest piece of real estate that you have on LinkedIn. You know, that is your first opportunity to create an emotional connection with your ideal client. So, if you can incorporate the know, like, and trust factor, that is an excellent use of that banner space. It is a very odd size. It’s really hard to get that right. But when it’s well done, it’s amazing.

Mike Blake: [00:45:07] I’m talking with Angela Dunz. And the topic is, Should I overhaul my LinkedIn profile? What about putting your complete contact information on the LinkedIn profile, is that a safe thing to do? Should you put your cell phone on there or limit it to a generic work phone number, for example? What in your mind is best practices in terms of contact information on the LinkedIn profile?

Angela Dunz: [00:45:33] One of the things that I advise my clients is, if you don’t feel comfortable sharing your phone number, make sure that you keep it out of the contact information. It is the little extra box that you click. If you put it there, it is a little more likely to get scraped by people who are scraping LinkedIn. So, if you want to keep it more secure, I have clients that actually put their cell phone number in their headline, and put it in as a call to action in the About section. It’s a little safer place to put your contact information.

Angela Dunz: [00:46:11] But what I recommend to most of my clients is a call to action that’s appropriate is a calendar link. And if they don’t share enough information or answer your questions, that might be a red flag for you. So, a calendar link is sort of keeping things a little bit removed from actually getting a hold of your cell phone number.

Mike Blake: [00:46:33] Okay. And one of the question I want to get to is, one thing that LinkedIn makes very easy, and I’m not sure this is good or bad or not, it’s very easy to update and to edit most of your profile. And I know people, and I am probably one of them, I am a serial tweaker of my LinkedIn profile. Is that a healthy thing? Or how much tweaking or updating is too much, if there is such a thing?

Angela Dunz: [00:47:03] I don’t think there is such a thing. And tweaking your profile, changing things, fresh content refreshes the algorithms. So, I don’t think there’s a downside. And I think there’s a huge upside to that. Now, people that don’t update their profile for a year or two, they’re just not coming up in searches. When I start working with the client, that’s the first thing I do, is I do a search of their name or I do a search of what their main function for their job is. And if they don’t come up, we have some serious work to do together.

Mike Blake: [00:47:40] So, that’s interesting. I mean, that gets back to really just old fashioned SEO is that fresh content is content. Everything else is constant. That’s going to be what gets to the top of the list. So, it sounds like that even a fair amount of tweaking or updating is actually a healthy thing, potentially.

Angela Dunz: [00:47:59] Yes.

Mike Blake: [00:48:01] Well, that’s cool. I would not have guessed that, so I learned something today as I expected to do. Angela, this has been a great conversation, a deep conversation on a fairly narrow topic. But, nevertheless, one that I think applies to a very broad audience. I’m sure there are people that wish I would have asked different questions or maybe that we would have spent more time on a particular question. If somebody wants to follow up with you for advice on how to improve their LinkedIn profile, can they do so? And if so, what’s the best way to do that?

Angela Dunz: [00:48:35] Well, of course, I would love for them to connect with me on LinkedIn, and send me a personal message that they listened to this podcast and that they’d like to ask some further questions. And your URL on LinkedIn needs to be a clean URL. Mine is my name spelled exactly the way I say, no dots, no dashes, no spaces. So, that’s the easiest way for somebody to get a hold of me. The second easiest way is to go to my website, angeladunz.com.

Mike Blake: [00:49:09] That’s going to wrap it up for today’s program. And I’d like to thank Angela Dunz so much for sharing her expertise with us.

Mike Blake: [00:49:15] We’ll be exploring a new topic each week, so please tune in so that when you’re faced with your next business decision, you have clear vision when making it. If you enjoy these podcasts, please consider leaving a review with your favorite podcast aggregator. It helps people find us that we can help them.

Mike Blake: [00:49:31] If you would like to engage with me on social media with my Chart of the Day and other content, I’m on LinkedIn as myself and @unblakeable on Facebook, Twitter, and Instagram. Also, check out my LinkedIn group called Unblakeable’s Group That Doesn’t Suck. Once again, this is Mike Blake. Our sponsor is Brady Ware & Company. And this has been the Decision Vision podcast.

 

 

 

Tagged With: Angela Dunz, Brady Ware & Company, brand building, Decision Vision, LinkedIn Badass, linkedin marketing, marketing, Mike Blake, Social Media

Workplace MVP LIVE from SHRM 2022: Xavier Cugnon, Arrow Exterminators

June 30, 2022 by John Ray

Arrow Exterminators
Minneapolis St. Paul Studio
Workplace MVP LIVE from SHRM 2022: Xavier Cugnon, Arrow Exterminators
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Arrow Exterminators

Workplace MVP LIVE from SHRM 2022: Xavier Cugnon, Arrow Exterminators

Xavier Cugnon, VP of HR Administration for Arrow Exterminators, joined host Jamie Gassmann in the R3 Continuum booth to chat about his experience at SHRM 2022 in New Orleans. He shared how he got into learning and development through his military career and his path to HR. He and Jamie also talked about the networking opportunities of being in person again, the thought leadership he was seeing around DE&I, and much more.

Workplace MVP is underwritten and presented by R3 Continuum and produced by the Minneapolis-St.Paul Studio of Business RadioX®.

This show was originally broadcast live from the 2022 SHRM Annual Conference held at the New Orleans Convention Center in New Orleans, Louisiana.

 Arrow Exterminators

Arrow is a full-service company specializing in Pest Control, Termite Protection, Mosquito Prevention and Control, Fire Ant Control, Wildlife Control and Exclusion Services, Handyman Services, Insulation Services, New Construction Treatments and providing documentation for Real Estate Transactions. They offer these services in both residential and commercial situations.

At Arrow, they pride themselves on going BEYOND THE CALL because this business is their calling and they are committed to protecting your family’s health and property while caring for the environment. They are large enough to offer a variety of pest control services at affordable prices and small enough to know their customers – the way a good business should.

Company website | LinkedIn | Facebook

Xavier Cugnon MS, SHRM-SCP, PHR, Vice President, Human Resources Admin, Arrow Exterminators

Xavier Cugnon MS, SHRM-SCP, PHR, Vice President, Human Resources Admin, Arrow Exterminators

As the VP of Human Resources Administration, Xavier works to lead the Human Resources practices at Arrow Exterminators in support of its business goals. Primarily, his team focuses on unifying Arrow’s human capital management systems and practices to effectively deliver on Arrow’s vision to hire, train, and retain rock stars and grow opportunities for generations to come.

Xavier Cugnon had an extensive career in Marine Corps aviation, manufacturing, and proposal writing which equipped him with a vast array of job skills.

He has a Master of Science degree in Human Resource Development from Villanova University. He also teaches the SHRM certification prep course for SHRM-Atlanta.

LinkedIn

About Workplace MVP

Every day, around the world, organizations of all sizes face disruptive events and situations. Within those workplaces are everyday heroes in human resources, risk management, security, business continuity, and the C-suite. They don’t call themselves heroes though. On the contrary, they simply show up every day, laboring for the well-being of employees in their care, readying the workplace for and planning responses to disruption. This show, Workplace MVP, confers on these heroes the designation they deserve, Workplace MVP (Most Valuable Professionals), and gives them the forum to tell their story. As you hear their experiences, you will learn first-hand, real-life approaches to readying the workplace, responses to crisis situations, and overcoming challenges of disruption. Visit our show archive here.

Workplace MVP Host Jamie Gassmann

Jamie Gassmann, Host, “Workplace MVP”

In addition to serving as the host to the Workplace MVP podcast, Jamie Gassmann is the Director of Marketing at R3 Continuum (R3c). Collectively, she has more than fourteen years of marketing experience. Across her tenure, she has experience working in and with various industries including banking, real estate, retail, crisis management, insurance, business continuity, and more. She holds a Bachelor of Science Degree in Mass Communications with special interest in Advertising and Public Relations and a Master of Business Administration from Paseka School of Business, Minnesota State University.

R3 Continuum

R3 Continuum is a global leader in workplace behavioral health and security solutions. R3c helps ensure the psychological and physical safety of organizations and their people in today’s ever-changing and often unpredictable world. Through their continuum of tailored solutions, including evaluations, crisis response, executive optimization, protective services, and more, they help organizations maintain and cultivate a workplace of wellbeing so that their people can thrive. Learn more about R3c at www.r3c.com.

Company website | LinkedIn | Facebook | Twitter

TRANSCRIPT

Intro: [00:00:02] Broadcasting live from SHRM 2022 at the New Orleans Convention Center, it’s time for Workplace MVP. Brought to you by R3 Continuum, a global leader in helping workplaces thrive during disruptive times. Now, here’s your host.

Jamie Gassmann: [00:00:20] Hey, everyone. You’re host, Jamie Gassmann here, coming to you from SHRM 2022 Expo Hall. And I am in the R3 Continuum Booth, our show sponsor. And with me is – oh, the last name. Oh, my goodness. X. I know it’s X, his first name.

Xavier Cugnon: [00:00:34] I’m going to help you out there. So, Xavier Cugnon.

Jamie Gassmann: [00:00:35] Yes. Help me out with your name. You covered up your – I was trying to like get that, figured out before they call you. It’s been a long day. All right. So, I’m going to call you X. You say your full name for me, please.

Xavier Cugnon: [00:00:46] Most people do. X is fine.

Jamie Gassmann: [00:00:47] Yeah. So, now who are you with?

Xavier Cugnon: [00:00:50] I am with Arrow Exterminators.

Jamie Gassmann: [00:00:52] So, talk to me and share with me kind of your background. I know you’re a VP of HR admin.

Xavier Cugnon: [00:00:57] Yeah.

Jamie Gassmann: [00:00:57] So talk to me, how did you get to that role? What’s your career journey look like?

Xavier Cugnon: [00:01:01] Okay. So, probably not the typical path or the conventional path. I’m also a former Marine, so I’ve spent a good bit of time with Uncle Sam’s Misguided Children; we would say USMC. And being a product of that, I spent my last war as an instructor, teaching my occupational specialty, which brought me into learning and development, which is my catalyst to my civilian career when I left the military. I went to grad school on my G.I. Bill in human resources. I found my current role and position as a product of grad school. And now, my day job, I’m the VP of H.R. for a wonderful company, and I twilight as an SHRM certification instructor for SHRM-Atlanta.

Jamie Gassmann: [00:01:46] Oh, that’s fantastic. So, using all those skills.

Xavier Cugnon: [00:01:48] There you go.

Jamie Gassmann: [00:01:49] You learned in the Marines and then now and then from your grad school. That’s fantastic. So, now I know this is not your first SHRM rodeo. You’ve been here a few times.

Xavier Cugnon: [00:01:59] Correct. Yeah.

Jamie Gassmann: [00:02:00] So what are you excited about this year? Are there some things or key challenges or areas of interest that you’re excited to get more information on?

Xavier Cugnon: [00:02:08] Sure. So, you know, I’m hesitant to say that this is kind of a post-COVID because I’m not sure if that’s reality, but we’re certainly past the initial wave. So coming here and, first of all, connecting with your peers to understand, to get some empathy from your peers, because we’ve all endured something quite unique. So to get those testimonials I think is a huge psychological benefit from coming to these conventions or conferences and meeting with the vendors.

Xavier Cugnon: [00:02:39] So, we interact with a lot of vendors, and one of my key responsibilities is understanding the technology that we use, but that technology is forever evolving. So, the product and services that we see from a lot of people in H.R. spaces, what they showed you last year is different from what they have available this year because it’s a constant race. I call it a race to the moon, right? You’re always trying to develop and enhance your technologies. So, my responsibility is to understand the capacity of the systems that we have, but then see what’s in the marketplace as well.

Jamie Gassmann: [00:03:06] Yeah. And make sure that you bring in some of those solutions back that help to kind of do your job better or enhance the workplace itself.

Xavier Cugnon: [00:03:14] You got it. You got it. And then, on top of that, of course, all the lectures and sessions that we have the privilege of sitting through, I mean, there’s some thought leadership going on. So, you know, I can’t pretend to be the smartest man in the room. That would just be untruthful. And I’m a man of integrity. We’re in H.R. So I love to surround myself with people who are just thought leaders in our space.

Jamie Gassmann: [00:03:34] Yeah. That’s fantastic. And I know there are a lot of thought leaders here.

Xavier Cugnon: [00:03:37] Absolutely.

Jamie Gassmann: [00:03:37] And, you know, it’s really exciting. So, you know, looking at some of the presentations that you have attended and some of the information that you’ve already obtained from being here, now it’s like day two but it’s like almost at the end of day two, what was your favorite like session or some of your favorite moments or key takeaways that you’re like, “Oh, I got to bring that back. That was just so powerful.”

Xavier Cugnon: [00:03:58] Yeah. Well, you know, I think personally, I look for diversity, equity and inclusion initiatives. I think the whole space in a whole – you know, there’s a lot of human nature that’s counterintuitive to the idea of everyone just being, you know, in a community that appreciates one another to, you know, productively. So, DE&I, it’s such a spectacular initiative. It has so much benefit but it’s also complete chaos. And it’s impossible to get it perfectly, and it’s so easy to get it wrong.

Jamie Gassmann: [00:04:36] Yeah.

Xavier Cugnon: [00:04:37] So, just again, sitting in these sessions, I sat through a few where we had some thought leadership. I mean, there’s a lot of common sense, but a lot of it is so personal. You have to do so much personal self-reflection. And as H.R. practitioners, you have to advocate that to your leadership. So you have to put your leaders in a space where they’re receptive to those concepts. And I think that’s a massive hurdle. So, you know, I’m listening. I’m very intuned.

Jamie Gassmann: [00:05:01] Yeah. Well, and you made a comment that I think is so interesting, too, is that human connection with your peers. I mean, because you have been through similar – I mean, not everybody’s story is exactly the same, but there’s so much power in being able to learn off of each other as well. So I know you mentioned the thought leadership and definitely there’s standouts in those that are, you know, those experts that have kind of a point of view on a topic. But the conversations I got to imagine that you’re having with some of your peers have got to be just as impactful and powerful as maybe some of the sessions you’re sitting in.

Xavier Cugnon: [00:05:32] Yeah. The water cooler talk so to speak.

Jamie Gassmann: [00:05:35] Yeah. Yeah. [Inaudible]

Xavier Cugnon: [00:05:36] The people tap me on the shoulder on the escalator and say, “Hey, where are you from? Who do you work with?” And then, you get into a little sidebar conversation. Yeah, you’re absolutely right. And then, there’s a lot of exchange of information between peers so that you have that network to lean on. So, I’ll always welcome somebody to give me a call and just to spar whatever they’re thinking, just to spar back and forth and say, “Hey, am I an idiot for being, you know, here by myself? Are you here with me? What are your suggestions?” Because I want that privilege, too. I want to be able to tap into some of my peers. So, it’s fantastic to come out here and meet new people.

Jamie Gassmann: [00:06:10] And you just never know when you might need somebody that you got to lean on and go, “Okay, I’ve got a situation. I’ve got to pick a brain of somebody who might have gone through that or shared a story with me somewhere.” So, you mentioned the DE&I. I mean, every workplace is going to be unique with that, too. So what works maybe over here may not work in the same capacity at a different location. So, it’s interesting that you kind of brought that up as like there’s the different technologies and things, or different approaches to it.

Xavier Cugnon: [00:06:38] Yeah, yeah, absolutely. Yeah. You know, again, DE&I is inherent to every culture. Every culture is absolutely unique. You know, it’s like a – you know, it’s like a family consultation. Every family is very different, right? So you have keen approaches and concepts, but, you know, every good shrink looks at every company or every family very differently. I think the same is true with DE&I.

Jamie Gassmann: [00:07:01] Yeah. Absolutely. It’s great. Were there any other wonderful topics or things that you were like just blown away by, I guess? It’s just like, you know, like you can’t wait to get back and like kind of put it into motion.

Xavier Cugnon: [00:07:12] You know, you have these amazing keynotes, so just getting in front of these keynote speakers. And again, you know, we had a keynote session this morning with the CEO of SHRM, what a dynamic personality. I mean, so fantastic to see. And, you know, that’s one thing you look for in a CEO is the human element. I mean, this gentleman is the personification of our profession. And to see him live and in the flesh, and I don’t mean to put him in a position of grandeur, but it was just so nice because you want to assume that his persona is reflective of our profession. And I was absolutely convinced of it. So that was a very successful session.

Jamie Gassmann: [00:07:55] That’s awesome. I know I heard. One of my other guests that stopped by had like a great quote that he had shared that was like, so it sounds like he gave some great leaving thoughts for the H.R. leaders that were in the room.

Xavier Cugnon: [00:08:07] Yeah. And you saw the human in him, which is great.

Jamie Gassmann: [00:08:09] Yeah.

Xavier Cugnon: [00:08:09] Because that’s what we are.

Jamie Gassmann: [00:08:10] Absolutely. He’s got the human back in human resource. I think that might have been the theme last year’s conference. This year is cause and effect, but yes, awesome. So if somebody wants to get in touch with you, further network, swap ideas from an H.R. perspective, how would they go about doing that?

Xavier Cugnon: [00:08:26] So, I am an email away. My contact information, you can get me at xcugnon – so, I’m going to spell that for you. So, it’s X-C-U-G-N-O-N @arrowexterminators.com. You reach out, briefly introduce yourself, and by all means, let’s get in touch.

Jamie Gassmann: [00:08:44] Yeah. Absolutely. And you heard it here, X is available to be that network away. So awesome. Great. Thank you so much for joining us on the show. [Inaudible].

Xavier Cugnon: [00:08:53] I appreciate it [inaudible]. Thank you.

Jamie Gassmann: [00:08:54] Yeah.

Outro: [00:08:59] Thank you for joining us on Workplace MVP. R3 Continuum is a proud sponsor of this show and is delighted to celebrate most valuable professionals who work diligently to secure safe workplaces where employees can thrive.

 

Tagged With: Arrow Exterminators, DEI, Human Resources, Jamie Gassmann, New Orleans, pest control, R3 Continuum, SHRM 2022, Workplace MVP, Xavier Cugnon

One of the Most-Googled Financial Questions, with Bill McDermott, Host of ProfitSense

June 29, 2022 by John Ray

Financial Questions
North Fulton Studio
One of the Most-Googled Financial Questions, with Bill McDermott, Host of ProfitSense
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Financial Questions

One of the Most-Googled Financial Questions, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill notes that one of the most often searched financial questions is about insurance and estate planning. He lays out the kinds of insurance a business owner should be concerned with both personally and for the business.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill’s commentary was taken from this episode of ProfitSense.

About ProfitSense and Your Host, Bill McDermott

Bill McDermott
Bill McDermott

ProfitSense with Bill McDermott dives into the stories behind some of Atlanta’s successful businesses and owners and the professionals that advise them. This show helps local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession. The show is presented by McDermott Financial Solutions. McDermott Financial helps business owners improve cash flow and profitability, find financing, break through barriers to expansion and financially prepare to exit their business. The show archive can be found at profitsenseradio.com.

Bill McDermott is the Founder and CEO of McDermott Financial Solutions. When business owners want to increase their profitability, they don’t have the expertise to know where to start or what to do. Bill leverages his knowledge and relationships from 32 years as a banker to identify the hurdles getting in the way and create a plan to deliver profitability they never thought possible.

Bill currently serves as Treasurer for the Atlanta Executive Forum and has held previous positions as a board member for the Kennesaw State University Entrepreneurship Center and Gwinnett Habitat for Humanity and Treasurer for CEO NetWeavers. Bill is a graduate of Wake Forest University and he and his wife, Martha have called Atlanta home for over 40 years. Outside of work, Bill enjoys golf, traveling, and gardening.

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn.

Tagged With: Bill McDermott, business insurance, disability insurance, estate plan, Financial questions, life insurance, ProfitSense with Bill McDermott, umbrella policy

Planning for Your Child’s Passion, with Anthony Chen, Host of Family Business Radio

June 29, 2022 by John Ray

Passion
Family Business Radio
Planning for Your Child's Passion, with Anthony Chen, Host of Family Business Radio
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Planning for Your Child’s Passion, with Anthony Chen, Host of Family Business Radio

In a commentary from a recent Family Business Radio episode, host Anthony Chen makes the point that your children’s passion may lead them into non-traditional paths besides college, and discusses how to adjust your financial planning to reflect your child’s plans.

Anthony’s commentary was taken from this episode of Family Business Radio. Family Business Radio is underwritten by Anthony Chen with Lighthouse Financial Network.

Anthony Chen, Host of Family Business Radio

family owned craft breweries
Anthony Chen

This show is sponsored and brought to you by Anthony Chen with Lighthouse Financial Network. Securities and advisory services offered through Royal Alliance Associates, Inc. (RAA), member FINRA/SIPC. RAA is separately owned and other entities and/or marketing names, products or services referenced here are independent of RAA. The main office address is 575 Broadhollow Rd. Melville, NY 11747. You can reach Anthony at 631-465-9090 ext. 5075 or by email at anthonychen@lfnllc.com.

Anthony Chen started his career in financial services with MetLife in Buffalo, NY in 2008. Born and raised in Elmhurst, Queens, he considers himself a full-blooded New Yorker while now enjoying his Atlanta, GA home. Specializing in family businesses and their owners, Anthony works to protect what is most important to them. From preserving to creating wealth, Anthony partners with CPAs and attorneys to help address all of the concerns and help clients achieve their goals. By using a combination of financial products ranging from life, disability, and long-term care insurance to many investment options through Royal Alliance. Anthony looks to be the eyes and ears for his client’s financial foundation. In his spare time, Anthony is an avid long-distance runner.

The complete show archive of Family Business Radio can be found at familybusinessradioshow.com.

Tagged With: Anthony Chen, College Planning, Family Business Radio, family finances, financial planning, Lighthouse Financial Network, passion

Workplace MVP LIVE from SHRM 2022: Cathy Hood, The Arthritis Foundation

June 28, 2022 by John Ray

Arthritis Foundation
Minneapolis St. Paul Studio
Workplace MVP LIVE from SHRM 2022: Cathy Hood, The Arthritis Foundation
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Arthritis Foundation

Workplace MVP LIVE from SHRM 2022: Cathy Hood, The Arthritis Foundation

On this episode of Workplace MVP Live from SHRM 2022 in New Orleans, host Jamie Gassmann’s guest was Cathy Hood, VP of People Operations at The Arthritis Foundation. She and Jamie discussed Cathy’s career journey, the work of the Arthritis Foundation, their new initiatives, and much more.

Workplace MVP is underwritten and presented by R3 Continuum and produced by the Minneapolis-St.Paul Studio of Business RadioX®.

This show was originally broadcast live from the 2022 SHRM Annual Conference held at the New Orleans Convention Center in New Orleans, Louisiana.

Cathy Hood, Vice President of People Operations, The Arthritis Foundation

Cathy Hood, Vice President of People Operations, The Arthritis Foundation

Cathy Hood is Vice President of People Operations for The Arthritis Foundation and has been with the Foundation since 2017.

The Arthritis Foundation is boldly pursuing a cure for America’s #1 cause of disability while championing the fight to conquer arthritis with life-changing science, resources, advocacy, and community connections.

By advancing research, advocacy, and disease management support, the Arthritis Foundation helps you navigate the many challenges arthritis brings. You can easily make powerful connections that lead to real, meaningful change.

Live your best life with the help of a compassionate and caring community. Get empowering information and make meaningful connections. Online and in person (when it’s safe again), they are working together to promote life-changing resources and research, push for change and create community connections that welcome, inform and uplift. This is what makes their community of millions thrive — and why they are Champions of Yes.

Company website | LinkedIn | Facebook

About Workplace MVP

Every day, around the world, organizations of all sizes face disruptive events and situations. Within those workplaces are everyday heroes in human resources, risk management, security, business continuity, and the C-suite. They don’t call themselves heroes though. On the contrary, they simply show up every day, laboring for the well-being of employees in their care, readying the workplace for and planning responses to disruption. This show, Workplace MVP, confers on these heroes the designation they deserve, Workplace MVP (Most Valuable Professionals), and gives them the forum to tell their story. As you hear their experiences, you will learn first-hand, real-life approaches to readying the workplace, responses to crisis situations, and overcoming challenges of disruption. Visit our show archive here.

Workplace MVP Host Jamie Gassmann

Jamie Gassmann, Host, “Workplace MVP”

In addition to serving as the host to the Workplace MVP podcast, Jamie Gassmann is the Director of Marketing at R3 Continuum (R3c). Collectively, she has more than fourteen years of marketing experience. Across her tenure, she has experience working in and with various industries including banking, real estate, retail, crisis management, insurance, business continuity, and more. She holds a Bachelor of Science Degree in Mass Communications with special interest in Advertising and Public Relations and a Master of Business Administration from Paseka School of Business, Minnesota State University.

R3 Continuum

R3 Continuum is a global leader in workplace behavioral health and security solutions. R3c helps ensure the psychological and physical safety of organizations and their people in today’s ever-changing and often unpredictable world. Through their continuum of tailored solutions, including evaluations, crisis response, executive optimization, protective services, and more, they help organizations maintain and cultivate a workplace of wellbeing so that their people can thrive. Learn more about R3c at www.r3c.com.

Company website | LinkedIn | Facebook | Twitter

TRANSCRIPT

Intro: [00:00:02] Broadcasting live from SHRM 2022 at the New Orleans Convention Center, it’s time for Workplace MVP. Brought to you by R3 Continuum, a global leader in helping workplaces thrive during disruptive times. Now, here’s your host.

Jamie Gassmann: [00:00:19] Hi, everyone. You’re host, Jamie Gassmann here. And I am coming to you from the SHRM 2022 Exhibit Hall at R3 Continuum’s booth, and we’re here in New Orleans. But with me is Cathy Hood from the Arthritis Foundation. Hi, Cathy.

Cathy Hood: [00:00:34] Hi, Jamie. It’s great to be with you today.

Jamie Gassmann: [00:00:37] Oh, I’m so excited to have you on the show. Now, I understand you just recently got a title change. Is that like a promotion, kind of an upgrade?

Cathy Hood: [00:00:46] It is, additional responsibilities.

Jamie Gassmann: [00:00:49] Yeah. And we love that, right? That means you’re awesome at what you do. And you’ve been to SHRM many times it sounds like.

Cathy Hood: [00:00:56] I have.

Jamie Gassmann: [00:00:57] So, what keeps bringing you back to this conference?

Cathy Hood: [00:00:59] I love the SHRM Conference. I mean, the networking is amazing, getting to meet people across the country, hearing about what other people are doing. But, really, it’s the inspiration. I’ve been doing HR for a long time, and coming here and hearing the inspiring stories and just connecting with people and learning and growing in my profession is something that I look forward to every year.

Jamie Gassmann: [00:01:23] That’s amazing. Now, in talking about that career journey, share with us a little bit about your background. You know, what have you done in your career that has moved you to this VP of people operations?

Cathy Hood: [00:01:34] Sure. I’m happy to. So, I started out actually working for law firms and I was director of human resources for some large law firms, some international law firms, I loved that. But one of their biggest clients was a nonprofit, and so I moved to the nonprofit space. And, you know, I’ve worked in technology also, but mostly nonprofit throughout my career. And, honestly, it’s making a difference in the world.

Cathy Hood: [00:01:58] The Arthritis Foundation, I literally tell every single person that we hire, we are changing lives and that’s what we do. And so, it’s an amazing opportunity to be able to marry your profession, human resources, helping people, but then also changing the lives of people that are suffering from arthritis.

Jamie Gassmann: [00:02:16] Oh, I love that. Obviously, coming from a corporate kind of manufacturing background to this nonprofit, are there differences in the HR space that you’ve noticed or seen between those different roles?

Cathy Hood: [00:02:32] There are some differences, perhaps. But for the most part, you know, caring about people and making connections with people, loving people, supporting people, helping them grow in their careers, those are all the same things regardless of what industry you come from. People that are looking for safe space and opportunity to grow their careers and opportunity to learn and add skills to their resume. So, it’s really not that different from an HR perspective. We’re taking care of those basic needs, payroll, benefits, all of those things, and then also making sure people feel valued.

Cathy Hood: [00:03:08] And, now, just an amazing opportunity in the last few years, and so many organizations are focused on this, but the Arthritis Foundation is as well, and that is our diversity, equity, and inclusion efforts. And we are so excited about the work that we’re doing. Everyone in the organization is really excited about that.

Cathy Hood: [00:03:27] And, also, the pandemic was awful, but it brought us some opportunities. And those opportunities were to really get focused on our wellness programs and helping people. We have a program called Be Your Best You, and it really is about the whole person, and it’s about making sure that our staff know that they are cared about, we love them, we take care of them, we do some fun things, we have some cultural great things. So, that really is the same in all HR organizations.

Jamie Gassmann: [00:03:56] Yeah. No, that’s beautiful. I love that. Be Your Best You, I love that. I love taglines like that. Just like the good reminder of how do you make yourself better each day.

Cathy Hood: [00:04:06] Absolutely.

Jamie Gassmann: [00:04:07] That’s fantastic. So, here at the SHRM show, you mentioned diversity, equity, and inclusion. I know that’s a really big topic in HR, a very big focus in a lot of organizations. Is there something here at the SHRM show this year that got you really excited when you were preparing to come that you can’t wait to watch, or to check out, or see while you’re here?

Cathy Hood: [00:04:26] Well, I’m going to tell you something, I didn’t get to go to SHRM last year. But I did see a video of one of the sessions and it was about diversity, equity, and inclusion, about courageous conversations. And I thought, “You know what? I’ve got to get back.” Last year because of COVID, of course, we had layoffs, everything was down a little bit. But we’re thriving and we’re back now.

Cathy Hood: [00:04:48] And so, it was just a pleasure and a great opportunity to come back to the conference and really take advantage of those courses and diversity, equity, and inclusion, and some other things as well. I mean, all employee engagement, already, I’ve seen multiple vendors here today that are, you know, exciting things that I’m interested in adding. So, just a great opportunity.

Jamie Gassmann: [00:05:10] Well, it’s been an absolute pleasure to have you on our show. And congratulations again on your promotion. And, yeah, thank you again for stopping by. And we look forward to more chats and hearing, hopefully, from you later down the road how the show went for you.

Cathy Hood: [00:05:26] Thanks, Jamie. It was great to be with you today. Take care.

Jamie Gassmann: [00:05:28] You, too.

Outro: [00:05:33] Thank you for joining us on Workplace MVP. R3 Continuum is a proud sponsor of this show, and is delighted to celebrate most valuable professionals who work diligently to secure safe workplaces where employees can thrive.

 

 

Tagged With: Be Your Best You, Cathy Hood, DEI, Jamie Gassmann, R3 Continuum, SHRM 2022, The Arthritis Foundation, Workplace MVP

Quick Tips for Time Well Spent: Balancing Work and Home

June 27, 2022 by John Ray

Work and Home
North Fulton Studio
Quick Tips for Time Well Spent: Balancing Work and Home
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Work and Home

Quick Tips for Time Well Spent:  Balancing Work and Home

Personal concierge Julie Hullett offers ideas on how to separate work from home life. Julie’s commentary was taken from this episode of Time Well Spent with Julie Hullett. 

Time Well Spent with Julie Hullett is presented by Julie Hullett Concierge, LLC and produced by the North Fulton studio of Business RadioX®.

About Time Well Spent

Time Well Spent with Julie Hullett features stories from busy professionals who have created more time to do what they love. Every other week, your host and personal concierge Julie Hullett speaks with entrepreneurs, community leaders, and influencers to answer the question: What would you do if you had more time?

The show is produced by the North Fulton studio of Business RadioX® and can be found on all the major podcast apps. The complete show archive is here.

Julie Hullett, Host of Time Well Spent with Julie Hullett

Julie Hullet, Host of Time Well Spent with Julie Hullett

Julie Hullett is the host of Time Well Spent with Julie Hullett.

Julie Hullett is a personal concierge and entrepreneur in Nashville, TN. She founded Julie Hullett Concierge, LLC in 2011 to give people their time back so they can do more of what they love. No stranger to big ideas and pursuing passions, Julie left corporate America to create her business. She capitalized on her skills—multi-tasking, attention to detail, and time management, to name a few—to build a successful business that gives back. Her clients enjoy ample free time. They’ve traveled more, spent more time with those they love, and have even created their own businesses.

Connect with Julie:

Website|  LinkedIn | Instagram . Sign up to receive her newsletter.

 

Tagged With: Julie Hullett, Julie Hullett Concierge LLC, Quick Tips for Time Well Spent, Time Well Spent, work and home, work-life balance

Workplace MVP LIVE from SHRM 2022: Brad Harper, Bambee

June 23, 2022 by John Ray

Bambee
Minneapolis St. Paul Studio
Workplace MVP LIVE from SHRM 2022: Brad Harper, Bambee
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Bambee

Workplace MVP LIVE from SHRM 2022: Brad Harper, Bambee

Brad Harper, an HR Business Partner with Bambee, joined host Jamie Gassmann in the R3 Continuum booth.  Brad shared how Bambee helps smaller companies manage their HR functions, what’s he is seeing from his clients, what he learned about empathy and accountability, and more.

Workplace MVP is underwritten and presented by R3 Continuum and produced by the Minneapolis-St.Paul Studio of Business RadioX®.

This show was originally broadcast live from the 2022 SHRM Annual Conference held at the New Orleans Convention Center in New Orleans, Louisiana.

Brad Harper, HR Business Partner, Bambee

Brad Harper, HR Business Partner, Bambee

With the help of your dedicated HR Manager, Bambee puts your HR on autopilot to streamline your HR, and automate your onboarding, policies, and even employee training.

Today, Bambee’s HR Autopilot keeps over 10,000 American Businesses HR compliant all year long, with up-to-date HR policies, mandatory training, and regular, two-way feedback between you and your employees.

  • HR rules change. Audits let you identify any HR gaps, and then we help you with an action plan to get your internal practices up-to-date to keep protecting your company and employees.
  • HR Autopilot makes sure all core, protective policies are current, signed by your employees, and reaffirmed semi-annually. Then, your dedicated HR Manager crafts any custom HR policies your business needs.
  • Bambee takes care of important and often-mandatory training like sexual harassment, workplace safety, and business ethics – and reports back to you on everyone’s progress.
  • Bambee’s Report Cards help you track your staff against their goals, and open up a regular dialogue to give praise, constructive feedback, or take corrective action.
  • Employee Voices lets your employees share concerns and alert you to potential problems. But it doesn’t have to be bad news – it’s also a great way for your staff to express gratitude, anonymously or publicly.
  • Comply with EEOC Document Retention Standards. Federal & state laws mandate that certain company files be held for a certain period of time. Plus, never guess who signed what – or where your important HR documents are. They’re all gathered safely in your Smart Cabinet.

Company website | LinkedIn

 

About Workplace MVP

Every day, around the world, organizations of all sizes face disruptive events and situations. Within those workplaces are everyday heroes in human resources, risk management, security, business continuity, and the C-suite. They don’t call themselves heroes though. On the contrary, they simply show up every day, laboring for the well-being of employees in their care, readying the workplace for and planning responses to disruption. This show, Workplace MVP, confers on these heroes the designation they deserve, Workplace MVP (Most Valuable Professionals), and gives them the forum to tell their story. As you hear their experiences, you will learn first-hand, real-life approaches to readying the workplace, responses to crisis situations, and overcoming challenges of disruption. Visit our show archive here.

Workplace MVP Host Jamie Gassmann

Jamie Gassmann, Host, “Workplace MVP”

In addition to serving as the host to the Workplace MVP podcast, Jamie Gassmann is the Director of Marketing at R3 Continuum (R3c). Collectively, she has more than fourteen years of marketing experience. Across her tenure, she has experience working in and with various industries including banking, real estate, retail, crisis management, insurance, business continuity, and more. She holds a Bachelor of Science Degree in Mass Communications with special interest in Advertising and Public Relations and a Master of Business Administration from Paseka School of Business, Minnesota State University.

R3 Continuum

R3 Continuum is a global leader in workplace behavioral health and security solutions. R3c helps ensure the psychological and physical safety of organizations and their people in today’s ever-changing and often unpredictable world. Through their continuum of tailored solutions, including evaluations, crisis response, executive optimization, protective services, and more, they help organizations maintain and cultivate a workplace of wellbeing so that their people can thrive. Learn more about R3c at www.r3c.com.

Company website | LinkedIn | Facebook | Twitter

TRANSCRIPT

Intro: [00:00:03] Broadcasting live from SHRM 2022 at the New Orleans Convention Center, it’s time for Workplace MVP. Brought to you by R3 Continuum, a global leader in helping workplaces thrive during disruptive times. Now, here’s your host.

Jamie Gassmann: [00:00:20] Hey, everyone. Your host, Jamie Gassmann. And I am coming to you from the SHRM 2022 Exhibit Hall in our show sponsor’s booth, R3 Continuum. And joining me is Brad Harper from Bambee.com. Welcome to the show, Brad.

Brad Harper: [00:00:35] Hey, Jamie. Thanks so much for having me.

Jamie Gassmann: [00:00:37] Yeah. It’s great to have you. I’m glad you stopped by. So, tell me a little bit about your background. I know you’re not an HR leader, but you do support a bunch of them. So, share with me a little bit about how you got into that industry and just kind of your career journey to this point.

Brad Harper: [00:00:50] Yeah. Sure. So, I’ve been in human resources for about 14 years, and I’ve recently joined on with a company named Bambee. They are a company headquartered out of downtown Los Angeles. And what they do is, is they support small businesses throughout the United States.

Brad Harper: [00:01:07] We saw a need for small businesses in the U.S. that can’t afford a dedicated HR manager. You know, on average a dedicated HR manager or internal, $80,000, $90,000 a year. And what we realized was, for those small businesses that had less than 100 employees, a lot of times those businesses don’t have a dedicated HR point person. But they still need to follow State and Federal Laws. They still need to provide a support system for employees.

Brad Harper: [00:01:42] And so, what we’ve done is, is we have designed a product. Bambee.com is a website. It’s a digital infrastructure for a lot of the HR policies, supplemental trainings, a lot of the things that a small business needs to succeed, all the tools and the resources. But in addition to that, on top of it, they get a dedicated HR manager.

Brad Harper: [00:02:06] And that dedicated HR manager provides risk mitigation. They provide guidance on how to navigate some of the very complex issues that come up. You know, when it comes to equal opportunity employment, when it comes to sexual harassment, a lot of those compliance areas that can be very sticky points that a lot of times small business owners, they don’t know how to navigate and handle that with their employees. So, that is what Bambee provides. It’s been a great learning opportunity for me and I’m thrilled to be with the company.

Jamie Gassmann: [00:02:43] Yeah, no. I think it sounds like a great site and a great product because, to your point, they all have to still follow the same guidelines. But not only that, employees are still looking for the same things from their employer, whether they’re small or they’re large.

Jamie Gassmann: [00:02:58] So, talk to me a little bit about some of the areas. I know you mentioned that mental health is a really important area for you. What are some of the support areas that you cover within a mental health space?

Brad Harper: [00:03:07] Sure. So, what I’ve noticed recently is, you know, we’re kind of coming out of COVID. There’s a feeling that a lot of people have this post-pandemic fatigue. And so, morale continues to be, like, such a big conversation starter for a lot of the clients that we serve at Bambee. You know, there’s a lot of areas where employees have fatigue. They need to kind of be reignited from a passion standpoint, from a standpoint of getting them back up and going again.

Brad Harper: [00:03:44] So, what we’re noticing is clients, a lot of employers, feeling fatigue. Fatigue is something that comes up quite often and they’re struggling with that. And we certainly do provide a lot of services, not only from a policy standpoint when it comes to compliance, but also from a training.

Brad Harper: [00:04:04] Our company has a database of over 700 different trainings that are catalogued, so a lot of them are very specific kind of compliance or hard skills. But we’ve also got a lot of soft skills, a lot of things that, you know, you learn over your career over time on how to be a better communicator, how to engage. So, that’s something that we are noticing a common thread with right now kind of coming out of post-pandemic.

Jamie Gassmann: [00:04:34] Yeah. Absolutely. I’ve heard that in other areas, too, and kind of that ongoing stress and burnout that employees are facing still trying to balance some of the impacts from the COVID pandemic.

Jamie Gassmann: [00:04:46] Now, I understand this is your first time at SHRM, so what are you excited about here to take away with you? You know, what is kind of one of your main motivators for coming to the show this year?

Brad Harper: [00:04:56] Yes. So, I would say that one of the things that has always solidified me as an HR professional is empathy. You know, people are exhausted. People are tired. People are drained. In HR, and even outside of HR, it’s a common thread. It’s something that regardless of where I’m at, if I’m on an airplane, if I’m at Starbucks standing in line waiting to grab an Americano, a constant thing that I’m discussing with strangers is people are just exhausted. And the one thing that I’m looking for out of SHRM is I’m looking how to reignite the area that I’ve always deemed as my strength, and that is empathy.

Brad Harper: [00:05:49] You know, I’ve been officing from home for the past two, two-and-a-half years, so I’ve been doing a lot of remote work. But we have integrated back into our downtown corporate headquarters. And I think a lot of people are feeling sluggish. I think there’s burnout. I think it’s real. I think it’s valid. And I think unless companies can truly say that it’s real, you’re never going to be able to move past the problem.

Brad Harper: [00:06:23] I’m one of those HR managers that I want to get to the root cause. I want to really identify what is the main issue, what is the problem. Because, you know, in order to kind of move forward in identifying what kind of solutions are you going to create, unless you’re being really honest about the problems that lie ahead of you, you will never create the correct solutions. And so, that’s really something I’m looking forward to.

Brad Harper: [00:06:46] I can tell you, today I attended my first session and it was around empathy and accountability, and how do you balance the two of those things, how do you do a dance. You know, accountability is this, like, hard line measurable where you’re trying to achieve results and you’ve really got to get in there and deliver numbers. But empathy is this soft skill, this soft piece that you really do need in order to balance the two of those things.

Brad Harper: [00:07:19] And I think that a lot of companies can really learn from taking a more empathetic approach in the next six months, even to the next year, on how do you attract talent, how do you retain talent, how do you keep talent, how do you promote talent, how do you promote internally. I believe that the companies in the United States that are going to use empathy as the core of everything that they do in the next 12 months are going to be the most successful companies moving forward.

Jamie Gassmann: [00:07:52] Yeah. That is such a powerful thought. I love that. And, you know, it’s kind of a new normal in this workplace. Employees, they’re needing things a little differently than what they’ve gotten before. So, that’s amazing. Great information. I love it.

Jamie Gassmann: [00:08:07] So, thank you so much for joining us. Again, if you’re interested in learning a little bit more, go to bambee.com, B-A-M-B-E-E.com. And the lucky ones will get Brad Harper as their HR manager. I love it. Thank you so much for joining us.

Brad Harper: [00:08:22] That’s so nice of you to say. I really appreciate it. I’ve really enjoyed my time with you today. Thank you.

Jamie Gassmann: [00:08:25] You’re very welcome. Thank you again.

Outro: [00:08:31] Thank you for joining us on Workplace MVP. R3 Continuum is a proud sponsor of this show, and is delighted to celebrate most valuable professionals who work diligently to secure safe workplaces where employees can thrive.

 

 

Tagged With: Bambee, Brad Harper, HR, HR Autopilot, HR services, Jamie Gassmann, New Orleans, R3 Continuum, SHRM 2022, Workplace MVP

LIVE from RISKWORLD 2022: Jenelle Ryan, Georgia State University and AmRisc

June 23, 2022 by John Ray

Georgia State
Minneapolis St. Paul Studio
LIVE from RISKWORLD 2022: Jenelle Ryan, Georgia State University and AmRisc
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Georgia State

LIVE from RISKWORLD 2022: Jenelle Ryan, Georgia State University and AmRisc

Jenelle Ryan, a graduate of Georgia State University and Underwriting Analyst for AmRisc, talked with host Jamie Gassmann at RISKWORLD 2022 as she prepared to graduate. She share that she interned with Amrisc and was set to join their team after graduation. In this conversation, she and Jamie talked about the risk management program at Georgia State, her new job, the learning opportunities she’s had, and more.

Workplace MVP is underwritten and presented by R3 Continuum and produced by the Minneapolis-St.Paul Studio of Business RadioX®.

This show was originally broadcast from the RIMS 2022 RISKWORLD Conference held at the Moscone Center in San Francisco, California.

Georgia State Robinson College of Business, Department of Risk Management & Insurance

With one of the largest research faculties and risk management and insurance doctoral programs in the world, Georgia State is dedicated to understanding, quantifying and developing strategies for managing risks faced by individuals, organizations, and society. They owe their success to an outstanding student body, high-achieving graduates, innovative faculty who are leaders in their respective fields and the generosity of their financial supporters and friends.

U.S. News & World Report ranked Georgia State’s B.B.A. in Risk Management & Insurance #4 in the nation in 2022. Their department is highly respected, too. They have been a Center of Actuarial Excellence for more than a decade. Plus, the University of Nebraska-Lincoln ranks them #1 in North America for research productivity in actuarial science.

Website | LinkedIn

AmRisc, LLC

AmRisc, LLC, is the largest catastrophe-focused Managing General Agent (MGA) in the United States, with offices across the country in Texas (Houston HQ), Alabama, California, Florida, Georgia, and North Carolina. Established in 2000, AmRisc is a subsidiary of Truist Insurance Holdings, whose parent company, Truist, is one of the largest financial services companies in the nation.

As one of the first MGAs to develop a multi-model approach to risk underwriting, innovation is a core value at AmRisc. Founded by engineers and risk specialists, AmRisc is built to provide stability in a dynamic market and deliver unmatched solutions for producers, carriers, and their insureds.

Company website | LinkedIn

Jenelle Ryan, Underwriting Analyst, AmRisc, LLC

Jenelle Ryan, Underwriting Analyst, AmRisc, LLC

Jenelle Ryan is an underwriting analyst with AmRisc, LLC, in the Atlanta office.

Jenelle graduated  with a BBA in Risk Management and Insurance in 2022 from the  Robinson College of Business Risk Management & Insurance Department of Georgia State University, and interned with AmRisc.

LinkedIn

 

About Workplace MVP

Every day, around the world, organizations of all sizes face disruptive events and situations. Within those workplaces are everyday heroes in human resources, risk management, security, business continuity, and the C-suite. They don’t call themselves heroes though. On the contrary, they simply show up every day, laboring for the well-being of employees in their care, readying the workplace for and planning responses to disruption. This show, Workplace MVP, confers on these heroes the designation they deserve, Workplace MVP (Most Valuable Professionals), and gives them the forum to tell their story. As you hear their experiences, you will learn first-hand, real-life approaches to readying the workplace, responses to crisis situations, and overcoming challenges of disruption. Visit our show archive here.

Workplace MVP Host Jamie Gassmann

Jamie Gassmann, Host, “Workplace MVP”

In addition to serving as the host to the Workplace MVP podcast, Jamie Gassmann is the Director of Marketing at R3 Continuum (R3c). Collectively, she has more than fourteen years of marketing experience. Across her tenure, she has experience working in and with various industries including banking, real estate, retail, crisis management, insurance, business continuity, and more. She holds a Bachelor of Science Degree in Mass Communications with special interest in Advertising and Public Relations and a Master of Business Administration from Paseka School of Business, Minnesota State University.

R3 Continuum

R3 Continuum is a global leader in workplace behavioral health and security solutions. R3c helps ensure the psychological and physical safety of organizations and their people in today’s ever-changing and often unpredictable world. Through their continuum of tailored solutions, including evaluations, crisis response, executive optimization, protective services, and more, they help organizations maintain and cultivate a workplace of wellbeing so that their people can thrive. Learn more about R3c at www.r3c.com.

Company website | LinkedIn | Facebook | Twitter

TRANSCRIPT

Intro: [00:00:03] Broadcasting live from Riskworld 2022 at the Moscone Center in San Francisco, it’s time for Workplace MVP. Brought to you by R3 Continuum, a global leader in helping workplaces thrive during disruptive times. Now, here’s your host.

Jamie Gassmann: [00:00:22] Hi, everyone. Your host, Jamie Gassmann, here with Workplace MVP podcast. And with me is Jenelle Ryan. And you are currently a student graduating in May.

Jenelle Ryan: [00:00:34] Yes.

Jamie Gassmann: [00:00:34] So, this is your first time being here at the RIMS conference?

Jenelle Ryan: [00:00:38] Yes, my very first time. I’m having an absolute blast.

Jamie Gassmann: [00:00:41] So, what has been your favorite experience so far? I know the conference just started, but you’ve had some fun already since being here, right?

Jenelle Ryan: [00:00:49] Yes. The keynote speaker this morning was absolutely incredible, just the most inspirational talk I think I’ve ever heard. And then, I have adored coming around to all of these panels, seeing all of the wonderful professionals. Everybody is so friendly, inviting, and I’ve just really loved meeting brand new people.

Jamie Gassmann: [00:01:06] Yeah. And conferences are a great place for that and great networking. And I know you are graduating this May.

Jenelle Ryan: [00:01:12] Yes.

Jamie Gassmann: [00:01:13] And you attend Georgia State University. So, talk to me about that program. I know it’s one of the top four in the country, is what you shared with me.

Jenelle Ryan: [00:01:21] So, Georgia State University has the number four RMI program in the country so far. We’ve had that for a couple of years running now, so we’re very proud of it. And I’m a senior risk management and insurance student there, graduating in May 6th. I walk. I cannot believe how soon it is, but our program really gives us a great depth and breadth of information on the insurance industry.

Jamie Gassmann: [00:01:43] Great. And so, based on what you’ve learned about it and from what you’ve seen here at RIMS, right now, if you could kind of pinpoint where you’d like to take your career right off the gate coming off of graduation, what are you hopeful for?

Jenelle Ryan: [00:01:56] Yes, absolutely. So, I’m really interested in accessing surplus lines. I actually have a job lined up with AmRisc right now in Alpharetta, which is the largest catastrophe-focused managing general agency in the United States. I’m absolutely thrilled to be going back there after my internship this past summer. And I’m really just interested in learning more about as many aspects of the industry as I can. I feel like there are so many different facets, even just walking around, I’ve met so many people who are working in areas I’ve never even heard of, so I’m thrilled to have the opportunity to learn more.

Jamie Gassmann: [00:02:29] Wonderful. And now, you were part of one of the cases that—tell me a little bit about those cases that are made available to the students learning in similar programs that you’re a part of. Talk to me a little bit about what that program looks like.

Jenelle Ryan: [00:02:44] Absolutely. So, the cases are incredibly challenging, but they essentially gather up a bunch of students from your school, you usually pick teams of four, and you do a little bit of insight into identifying like risk exposures and solutions to problems based on different companies. So, this year, the case competition was based on Starbucks, and we were analyzing the emerging risks that they’re facing. Absolutely, incredibly challenging, and I’m thrilled that some of my friends from St. Mary’s have gone on to the final eight. I have friends from Florida State who participated. It’s wonderful that all of us get to participate in this, and then come together and have that experience as students, where we’re not only learning, but friendly competition.

Jamie Gassmann: [00:03:31] Yeah, absolutely. And it sounds like from what you’re describing, you get a little bit of hands on kind of some of the real world work that you’ll be doing after graduation.

Jenelle Ryan: [00:03:39] Absolutely. You have to go into very intense detail with some of these things, and consulting, and trying to see just how you can solve this, it’s a great learning opportunity.

Jamie Gassmann: [00:03:51] And a resume builder. That’s fantastic. You can speak to it in an interview. That’s fantastic. So, if you were going to leave anything for our listeners who might be considering students coming out of a program, what would be something you’d want to leave for them?

Jenelle Ryan: [00:04:05] Leave for them, as like a piece of information?

Jamie Gassmann: [00:04:08] Yeah, like something to take into consideration as they’re interviewing a fresh out-of-college risk insurance student.

Jenelle Ryan: [00:04:15] I would say be open-minded. We’re all here. We never stop learning. We’re all not only with our designations, but just in diversity and inclusion, listening to other people. And I would say really keep an open mind. You don’t know everything. And as long as you’re learning, you’re doing something right.

Jamie Gassmann: [00:04:32] Fantastic. So, it’s been an absolute pleasure. If anybody want to get a hold of you for whatever reason, is there an email address or a way that they can contact you?

Jenelle Ryan: [00:04:40] Yes, absolutely. My email is jenellenryan@gmail.com, Jenellenryan@gmail.com. And you can add me on LinkedIn.

Jamie Gassmann: [00:04:52] Wonderful. It’s been such a pleasure to talk with you. Congrats on getting here with your case.

Jenelle Ryan: [00:04:52] Thank you so much.

Jamie Gassmann: [00:04:58] I know you indicated you didn’t make it to the final round, but just being a part of that I think is a win in and of itself.

Jenelle Ryan: [00:05:02] Absolutely.

Jamie Gassmann: [00:05:02] So, congratulations to you and thank you again for being on our show.

Jenelle Ryan: [00:05:06] Thank you so much. It’s been a pleasure.

Outro: [00:05:12] Thank you for joining us on Workplace MVP. R3 Continuum is a proud sponsor of this show and is delighted to celebrate most valuable professionals who work diligently to secure safe workplaces where employees can thrive.

 

 

Tagged With: AmRisc, Georgia State, Jamie Gassmann, Jenelle Ryan, R3 Continuum, RIMS, Risk Management, risk management degree, RISKWORLD 2022, Robinson College of Business, Workplace MVP

Decision Vision Episode 174: Should I Fight the IRS? – An Interview with Bruce Wood, Brady Ware Arpeggio, LLC

June 23, 2022 by John Ray

Bruce Wood
Decision Vision
Decision Vision Episode 174: Should I Fight the IRS? - An Interview with Bruce Wood, Brady Ware Arpeggio, LLC
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Bruce Wood

Decision Vision Episode 174: Should I Fight the IRS? – An Interview with Bruce Wood, Brady Ware Arpeggio, LLC

The decision to dispute, negotiate or litigate with the IRS is a difficult one, given its reputation and power. Bruce Wood, a principal at Brady Ware Arpeggio, is a business appraiser specializing in tax issues and a former CPA tax advisor. He and host Mike Blake looked at many of the considerations surrounding a tax issue with the IRS, from how to avoid them in the first place through how your returns are prepared, to what to expect from an IRS agent, the importance of having a professional interface with the IRS for you, the appeals process, the costs of litigating, and much more.

Decision Vision is presented by Brady Ware & Company and produced by the North Fulton studio of Business RadioX®.

Brady Ware Arpeggio, LLC

At BWA, they value your business – literally. They recognize the gravity and complexities of decisions facing individuals and businesses, and that bad decisions are often consequential and difficult to repair. BWA’s evidence-based decision systems enable businesses and their owners & executives to avoid pitfalls and blunders and accordingly successfully capture value opportunities more effectively than via mundane approaches to decision making.

They ultimately deliver decision clarity and confidence in decision-making based on well-analyzed, relevant data. Brady Ware’s team consistently delivers decision clarity via our proven processes for evaluating critical decisions. This unique insight to help make decisions has a profound impact on the result. Incorporating this decision process creates an advantage from what used to be pain points and barriers.

Company website | LinkedIn

Bruce Wood, Principal, Brady Ware Arpeggio, LLC

Bruce Wood, Principal, Brady Ware Arpeggio, LLC

Bruce’s business appraisal practice focuses primarily on tax-specific areas such as: (1) Tax Controversy – executing business appraisals and litigation support in United States Tax Court cases, as well as settlement efforts between the IRS and taxpayer, under the direction of tax and estate litigation attorneys from national and local law firms. These cases most often arise out of IRS audits of estate, gift, and trust tax returns, as well as IRS challenges of C corporation reasonable officer compensation, etc. (2) Estate, Gift and Trust Tax & business transactions -planning and compliance. Closely held businesses (S corp, C corp, LLC, and family limited partnership issues), M&A, etc.

Bruce brings over 30 years of experience to the marketplace, spending the last 20 years in business appraisal after 12 years as a CPA/tax adviser. Often faced with decisions or situations impacting the value of a transaction or business, Bruce helps navigate the complexities of those situations. He has helped in industries such as meat processing, professional services, manufacturing, distribution, food service, mining, technology, retail, and other business sectors.

While he can assist clients nationwide, most of his career has been spent in and throughout the Atlanta metropolitan area including Atlanta’s southside. With an exceptional network of contacts, Bruce can also help clients connect with other areas of expertise such as within the legal community.

LinkedIn

Mike Blake, Brady Ware & Company

Mike Blake, Host of the “Decision Vision” podcast series

Michael Blake is the host of the Decision Vision podcast series and a Director of Brady Ware & Company. Mike specializes in the valuation of intellectual property-driven firms, such as software firms, aerospace firms, and professional services firms, most frequently in the capacity as a transaction advisor, helping clients obtain great outcomes from complex transaction opportunities. He is also a specialist in the appraisal of intellectual properties as stand-alone assets, such as software, trade secrets, and patents.

Mike has been a full-time business appraiser for 13 years with public accounting firms, boutique business appraisal firms, and an owner of his own firm. Prior to that, he spent 8 years in venture capital and investment banking, including transactions in the U.S., Israel, Russia, Ukraine, and Belarus.

LinkedIn | Facebook | Twitter | Instagram

Brady Ware & Company

Brady Ware & Company is a regional full-service accounting and advisory firm which helps businesses and entrepreneurs make visions a reality. Brady Ware services clients nationally from its offices in Alpharetta, GA; Columbus and Dayton, OH; and Richmond, IN. The firm is growth-minded, committed to the regions in which they operate, and most importantly, they make significant investments in their people and service offerings to meet the changing financial needs of those they are privileged to serve. The firm is dedicated to providing results that make a difference for its clients.

Decision Vision Podcast Series

Decision Vision is a podcast covering topics and issues facing small business owners and connecting them with solutions from leading experts. This series is presented by Brady Ware & Company. If you are a decision-maker for a small business, we’d love to hear from you. Contact us at decisionvision@bradyware.com and make sure to listen to every Thursday to the Decision Vision podcast.

Past episodes of Decision Vision can be found at decisionvisionpodcast.com. Decision Vision is produced by John Ray and the North Fulton studio of Business RadioX®.

Connect with Brady Ware & Company:

Website | LinkedIn | Facebook | Twitter | Instagram

TRANSCRIPT

Intro: [00:00:02] Welcome to Decision Vision, a podcast series focusing on critical business decisions brought to you by Brady Ware and Company. Brady Ware is a regional, full service accounting and advisory firm that helps businesses and entrepreneurs make visions a reality.

Mike Blake: [00:00:23] Welcome to Decision Vision. A podcast giving you, the listener, clear vision to make great decisions. In each episode, we discuss the process of decision-making in a different topic from the business owners or executives’ perspective. We aren’t necessarily telling you what to do, but we can put you in a position to make an informed decision on your own and understand when you might need help along the way.

Mike Blake: [00:00:43] My name is Mike Blake, and I’m your host for today’s program. I’m the managing partner of Brady Ware Arpeggio, a data driven management consultancy which brings clarity to owners and managers of unique businesses facing unique strategic decisions. Our parent, Brady Ware & Company, is sponsoring this podcast. Brady Ware is a public accounting firm with offices in Dayton, Ohio, Alpharetta, Georgia, Columbus, Ohio and Richmond, Indiana.

Mike Blake: [00:01:07] If you’d like to engage with me on social media with my Chart of the Day and other content, I’m on LinkedIn as myself and at #Unblakeable on Facebook, Twitter and Instagram. I also host a LinkedIn group called Unbreakable’s Group that doesn’t suck, so please join that as well if you would like to engage.

Mike Blake: [00:01:24] Today’s topic is, “Should I fight the IRS?” And I’m actually surprised at myself that we haven’t had this topic before because I think this is topical for everybody. It’s clearly an evergreen topic. I’m not sure that anybody is more feared in our government than the Internal Revenue Service.

Mike Blake: [00:01:47] You can make an argument that outside of the armed forces of the most powerful government agency. And, you know, the fact of the matter is that hundreds of thousands, if not millions of people have interactions or people and businesses have interactions with the Internal Revenue Service every year involving some dispute over the amount of taxes that they owe.

Mike Blake: [00:02:14] And I think for many of us, the goal if the IRS approaches us with any kind of controversy is we just, kind of, want to make them go away. Most of us don’t necessarily have an appetite to fight the IRS, but that calculus may change. You may not have the money to pay what the IRS wants you to pay, or it may be just an unreasonable demand, or it may be in effect if it goes in front of a court. It may wind up being an illegal demand.

Mike Blake: [00:02:50] But how do you know that? And I think that is difficult to know. And even CPAs will give you a nuanced answer here, because fighting the IRS is hard and fighting the IRS is scary and fighting the IRS has an uncertain outcome. Notice I didn’t say, should I beat the IRS? I said, “Should I fight the IRS”? There’s no guarantee of victory. And so, I think this will be a very interesting topic, even if you haven’t been the target of an IRS investigation or action or principle of an action.

Mike Blake: [00:03:25] You may be in the future and forewarned is, of course, forearmed. And so joining us today is my new colleague, actually, Bruce Wood, who is a principal at Brady Ware Arpeggio. He is a business appraiser whose practice focuses primarily on tax-specific areas, including tax controversy, which means executing business appraisals and litigation support in US tax court cases. As well as settlement offers between the IRS and taxpayer under the direction of tax and estate litigation attorneys from national and local law firms.

Mike Blake: [00:03:59] Bruce is also an expert in estate, gift, and trust, tax and business transactions, planning and compliance. He works with closely held businesses such as S-Corp, C-Corp analysis, family partners, and et cetera.

Mike Blake: [00:04:13] He brings over 30 years of experience to the marketplace. Spending the last 20 in business appraisal after 12 years as a CPA tax adviser. Often faced with decisions or situations impacting the value of a transaction or business, Bruce helps navigate the complexities of those situations. He has helped in industries such as meat processing, professional services, manufacturing, distribution, food service, mining technology, retail, and other business sectors. And I can’t tell you how delighted we are to have him join the team and I’m equally delighted to have him on the podcast. Bruce Wood welcome to the Decision Vision podcast.

Bruce Wood: [00:04:50] Thank you so much for having me, Mike. And I am equally thrilled, not only about being here, but about being with our company. It’s been a really good, really good match.

Mike Blake: [00:05:03] So, let’s start with the basics. The IRS doesn’t challenge every tax return that comes through. In your experience, what – why does the IRS challenge tax returns at all?

Bruce Wood: [00:05:17] Well, anything else out of estate and gift, as far as I know, they’re selected first by a computer scoring system that is set up to determine anomalies. And then managers go through those returns that are selected to see which ones are audit worthy. Then this – when it comes to estate tax returns, when somebody files one, it’s going to be looked at. And more automatically, it’s not random – if you have enough estate to file an estate tax return, they’ll look at it and they’ll either send a closing letter. Once you got the closing letter then that’s saying they’re going to leave you alone. Otherwise, if they think it’s audit worthy, you know, they’ll look at it more closely, may inquire, may do an audit.

Mike Blake: [00:06:24] Now, that’s interesting. I didn’t realize they sent the closing letter. So, no news is not necessarily good news. You either get an affirmative notification that your estate appraisal has been accepted or or there’s some sort of other action that will be taken.

Bruce Wood: [00:06:41] Right.

Mike Blake: [00:06:42] Interesting. Okay. And for purposes of this discussion, I think it’s important that our audience understand, and you and I have talked about this prior to the conversation, you know, you specialize in a specific area of tax controversy. You’re not necessarily challenging or working on income tax returns, that’s what more conventional CPAs do.

Bruce Wood: [00:07:03] That’s right.

Mike Blake: [00:07:03] But rather a fairly specialized area where wealth is being transferred from one party to another, whether it’s a gift or an estate or charitable contribution, things of that nature.

Bruce Wood: [00:07:15] That’s right.

Mike Blake: [00:07:17] So, you know, when the IRS decides they’re going to raise an issue. And then they send – they say, you owe us X number of dollars. What usually goes into that? How are those numbers of dollars calculated from the IRS perspective?

Bruce Wood: [00:07:40] What they’ll do is what’s called an adjustment or first will be a proposed adjustment. And so, for example, they may disallow a discount – well, you go to a background. In business appraisals, for non-controlling interests, especially there are control in marketability discounts because people wouldn’t pay for as much for us. A block of stock that’s non-controlling.

Bruce Wood: [00:08:09] And the IRS has a serious issue with that. It’s very common that they’ll make an adjustment to the discount. So, it may – we make a proposed adjustment. So, say it’s $10 million. So, that means you owe tax in their mind on an additional $10 million-plus interest and penalties for underpayment. It may be $40 million. But they may make several adjustments in one return so it can get expensive pretty quickly.

Mike Blake: [00:08:41] And how does the IRS decide on interest and penalties to those formulas? Do they get to make up what those things are? How do those work?

Bruce Wood: [00:08:50] No, those are in the – either in the code or statutory. They’re – I mean, I’m not using the right word but they’re predetermined. They don’t get to decide.

Mike Blake: [00:09:01] Okay. So, they’re rules-based. They’re not just —

Bruce Wood: [00:09:03] That’s right, rules-based

Mike Blake: [00:09:04] Not just the IRS says, well, we think you’re a jerk. So, you have to pay more dollars. That’s —

Bruce Wood: [00:09:09] Yes, you can pay credit card interest. It’s the same.

Mike Blake: [00:09:09] There’s a rule that has to be followed.

Bruce Wood: [00:09:11] That’s right.

Mike Blake: [00:09:12] Okay. So, if you’re in the unlucky group, for lack of a better term, that does not get that all-clear notification. Instead, they’re going to challenge and propose an adjustment. What does that look like procedurally? And then, how long does that – can that process takes in trying to resolve an IRS challenge?

Bruce Wood: [00:09:39] I’m not sure there’s a limit on how long it can take. They have – a there’s generally a three-year statute for them to make changes. But litigation can go on for years. I’m dealing with a 2018 case right now. So, it’s hard to put a cap on either the time or the professional fees that would be spent.

Mike Blake: [00:10:11] So, years of litigation, that sounds expensive.

Bruce Wood: [00:10:15] Very much so.

Mike Blake: [00:10:17] So, it’s safe to say that you’re probably looking at the hundreds of thousands of dollars. And if the matter is large enough, like, say, the Michael Jackson case that recently resolved maybe millions of dollars.

Bruce Wood: [00:10:30] Exactly.

Mike Blake: [00:10:33] So –.

Bruce Wood: [00:10:34] And there are —

Mike Blake: [00:10:34] Go ahead.

Bruce Wood: [00:10:35] There are situations where it’s the best thing to do but you really – but making the decision of what we’re talking about. Analyzing and making the decision is key. Are you going to fight this or not? What’s it worth in terms of losing sleep, stress, distracting you from other things you need to do whether it’s work or play. You know, what’s that worth to you?

Mike Blake: [00:11:08] Yeah. So, you know, in a way, I mean, the IRS does that cost of prosecuting or challenging does give the IRS a particular element of leverage, doesn’t it? And that, you know, if the IRS is asking you to pay another $10,000, for example, they probably wouldn’t do that, but just for an example. They’re making an adjustment of 10,000 on an estate. Probably, most of the time, you’re going to say, you know what, just write the check and move on.

Bruce Wood: [00:11:41] I would think so.

Mike Blake: [00:11:43] A boss of mine once said, you know, you cheated me fair and square.

Bruce Wood: [00:11:48] Right. Is it worth – right. In a situation like that, typically – maybe negotiate with the agents and see what you can get. But I wouldn’t go – get heavy into litigation hiring professionals for $10,000, no.

Mike Blake: [00:12:06] So, let’s talk about the negotiating with the agent, because I’d like our audience to understand, and candidly, I don’t fully understand kind of how it works. So, you know, from a day-to-day or practical perspective, when the IRS proposes an adjustment, you decide that, as a taxpayer, you want to challenge that adjustment. What happens then?

Bruce Wood: [00:12:31] Well, first thing to do is talk to the IRS agent on your case. And get him to explain why – or get him or her to explain why the adjustment. They’ll usually – they’ll document that usually. And then, make sure they have all the facts. They may be missing facts. Well, did you know this, this, and this?

Bruce Wood: [00:12:59] So, it’s good to talk with him. A good IRS agent will talk to you about the adjustment before they make it. And that way, if there’s a – if it’s based on a misunderstanding or something, you can catch it early. But if they do propose an adjustment, one thing to keep in mind is their manager has given them this case and say, go out to this taxpayer. You’ve got to make it easy for the IRS agent to take into account what you’re saying, whether it’s you personally or through your professional. Knowledge is power.

Bruce Wood: [00:13:43] A professional should be advising the taxpayer on what to do, giving the agent the relevant law. Keep in mind these agents are – the IRS is understaffed, according to them. And there are so many things they can’t get to. So, they’re going to go for the low-hanging fruit. Don’t give them low-hanging fruit to the extent possible.

Mike Blake: [00:14:10] And then, you know, there’s an – so, there’s an agent involved, right? And I think it’s important for the – for audience to know this. It’s not like you disagree with the IRS and bang, you’re in tax court. There’s likely going to be a lot of things that need to happen before appearing in tax court is even a realistic possibility. And that’s before we even entertain the discussion as to whether or not that’s even a desirable outcome, right?

Bruce Wood: [00:14:38] Right.

Mike Blake: [00:14:39] So, Where does that conversation with the agent go? If you’re not able to get a resolution with the agent, what happens then? Is there an escalation to a manager or something or how does that work?

Bruce Wood: [00:14:55] Yes, she can request to talk to the agent’s manager next. And if you exhaust it, if you exhaust that kind of option, there’s IRS appeals. And it takes at least several months to get on their calendar, but this is just what I’ve heard in several places, but appeals will give away about half of the cases or half of the issues, I should say. Because if the IRS agent hasn’t documented it property, the agent thinks they are or that appeals agent thinks the agent is wrong, they don’t have the bandwidths to redo it for them. They’ll just, typically, I think, decide right there. Okay, we’re going to throw this issue out. We’re going to fight for the IRS for this issue.

Bruce Wood: [00:15:53] And then even if – and then lawyers talk back and forth. And it is – and then, of course, getting it heard in tax court it takes, God only knows how long. So, you would be basically held hostage. If you were – if that was a big issue to you, waiting to go to tax court, they may or may not hear your case. It may take years. There’s a lot involved.

Mike Blake: [00:16:24] So, and it’s important to understand, I think in that process, the meter’s still running to an extent, right? You’re still accruing interest and potentially additional penalties while that process is playing out, right?

Bruce Wood: [00:16:40] It depends. There are cases where you – I don’t know, I’m right offhand, but there – this would be an attorney question. But there are cases where you have to pay the tax upfront and then seek a refund.

Mike Blake: [00:16:55] Interesting.

Bruce Wood: [00:16:55] Depending on the retort you’re going to. And so, that would stop the interest and penalties from accruing.

Mike Blake: [00:17:00] Right, but of course, the downside is the IRS already has your money.

Bruce Wood: [00:17:04] Right, and you may or may not get it back.

Mike Blake: [00:17:06] Right. I mean, this may or may not apply, but they say the possession is 9/10 of the law, right? It’s —

Bruce Wood: [00:17:14] Exactly.

Mike Blake: [00:17:14] You know, I don’t know if this is true with IRS matters, but it certainly feels like I have less leverage if I’ve already written the check.

Bruce Wood: [00:17:21] It does, that never helps.

Mike Blake: [00:17:22] I don’t know if it’s actually true. But it certainly feels uncomfortable. So —

Bruce Wood: [00:17:26] Sure.

Mike Blake: [00:17:28] So, in this conversation – and let’s kind of go back to the agent level. How does having a CPA and a business appraiser, like you, and specialized tax legal counsel, how does having a team like that impact the likelihood of getting the matter resolved in a way that’s positive for the taxpayer?

Bruce Wood: [00:17:52] Well, they have – these professionals know the law. They can – you know, when the agent proposes an adjustment, they can assess the validity of the adjustment. Check out the law and provide the agent more information. There may be something the agent missed. And they can say – they can communicate if they disagree with the agent on the issue.

Bruce Wood: [00:18:22] And another – and they’re not emotionally wrapped up in the case like a taxpayer is. That’s another key element. It’s – a lot of times it’s best for the taxpayer not to talk unless he’s directed to and let the professionals do the talking.

Mike Blake: [00:18:44] And that brings up, I think, a very important point in that. You know, not speaking at all to the dedication or professionalism of the IRS agent or individuals involved. But the fact of the matter is, it’s not their money they’re playing with –.

Bruce Wood: [00:19:02] Right.

Mike Blake: [00:19:03] — on any level, right? And so —

Bruce Wood: [00:19:04] That’s right.

Mike Blake: [00:19:06] You know, I do think that there’s an inherent negotiating advantage with the IRS that is in favor of the IRS because, you know, at the end of the day, the entire exercise is depersonalized, right?

Bruce Wood: [00:19:20] Right.

Mike Blake: [00:19:20] It’s not like an IRS agent gets a bonus if they collect more tax.

Bruce Wood: [00:19:25] They’re not on commission, you’re right.

Mike Blake: [00:19:27] They’re not on commission, exactly. And so, you know, just like in my practice and transactions, we do have clients say, you know, we’re we’re too close because we don’t want to negotiate our own sale and we’ll, sort of, be that buffer. It sounds like there actually is a parallel with an IRS negotiation.

Bruce Wood: [00:19:47] There is. And another value of having the professionals there is this is not unique to IRS agents. Lawyers do this. And gaining somebody’s trust, getting them to talk. The IRS agent may go, wow, this is a really cool business. How did you do this and how did you do that? Get the guy talking. Some people love to hear themselves talk, love to talk about themselves, and they can get all kinds of information that way. And they don’t even realize, you know, what’s happened until it’s too late.

Mike Blake: [00:20:27] Well – and you know, that’s negotiating 101, too, right?

Bruce Wood: [00:20:30] Right.

Mike Blake: [00:20:30] If you can build some sort of relationship with the other party, some way of connecting and make the relationship somewhat less adversarial.

Bruce Wood: [00:20:40] Right.

Mike Blake: [00:20:40] It’s more likely you’re going to achieve some kind of resolution.

Bruce Wood: [00:20:44] Right, I agree that people skills are important. And good professionals know how to do that because IRS agents are people, too. You know, they go home. They don’t want to be screamed at or told they’re idiots, you know, anymore than anybody else does. And they have families. They go home to their families or, you know, they – after a rough day, they get upset, that kind of thing. So, they want they want respect just like the rest of us. That doesn’t mean you have to agree with them.

Mike Blake: [00:21:27] So – you touch on a point that I want to actually ask is the next question, which is, I think some people are tempted to stereotype IRS agents, or really any government employee as as somebody that may or may not necessarily be competent because they’re working for the government, right? We hear about, I’m from the government, I’m here to help, et cetera, et cetera. You know, is that true or do you find a lot of IRS agents, in fact, are very competent professionals?

Bruce Wood: [00:22:05] Sometimes, what you’re saying is true. But other times, I’ve known some that left big for CPA firms to go to work there because they wanted the work life balance. And my guess would be that they love to be underestimated, you know, they probably have fun with that.

Mike Blake: [00:22:28] Interesting.

Bruce Wood: [00:22:31] So, it – and the agent may act like they’re from a sticks. They don’t know anything. But that’s always dangerous. Underestimating people is dangerous, including IRS agents.

Mike Blake: [00:22:48] Yeah, I think that’s right. Years ago, I used to be a fairly serious chess player, decades ago now. But one of the hardest things to do is to play somebody who is new to the tournament scene because you had to make sure to not underestimate them. And because they were new, you couldn’t exactly predict what they were going to do

Bruce Wood: [00:23:11] Hustlers, perhaps.

Mike Blake: [00:23:12] Yeah, yeah. Kind of, hustlers or just, you know, they weren’t indoctrinated with conventional thinking necessarily. So, you weren’t exactly sure, kind of, what the move sequence is going to be, even if you kind of thought that you had that all figured out. And, you know, I can see that. I can see people, sort of, liking the position of being underestimated and being the underdog because if, you know, from the other side of the table, if your counterparty is overconfident, right, maybe they’re going to make a mistake, right?

Bruce Wood: [00:23:49] Right.

Mike Blake: [00:23:49] And maybe they’re going to say something dumb or damaging or compromising that if I’m the agent, that’s going to make my life a little easier.

Bruce Wood: [00:23:59] Right, that’s exactly right.

Mike Blake: [00:24:00] And you know also, I’m curious, I have – I don’t have that much experience with the government, but I’ve read enough about, in particular, SEC actions. And one thing that strikes me about the SEC anyway, is that, for the most part, they really – for the most part, they’re going to give you a lot of ways out. They’re going to give you a lot of off-ramps. But if you’re a jerk and if you’re condescending and if you’re sort of deliberately confrontational and not listening to any kind of reason, the SEC will then turn around and make an example of you.

Bruce Wood: [00:24:46] Sure.

Mike Blake: [00:24:47] There’s a point at which the door to a resolution, sort of a peaceful solution sort of closes. And now you’re going – not only you’re going to court, but you’re probably going to jail if you lose. In your experience, is that the way with the IRS, too, that you can sort of, you know, sort of, get in the ref’s face for a little bit. But at a certain point, there’s a technical foul and you’re thrown out of the game.

Bruce Wood: [00:25:14] Right. And you – well, it’s a little different. You probably won’t go to jail, but it’s – it can make your financial life hell. So, it’s not a good idea.

Mike Blake: [00:25:29] So, you know, we talked about the agent level, the manager level, and then the appeals level, and then presumably after that, there’s tax court level. In your mind, where is the optimal stage to settle a tax controversy?

Bruce Wood: [00:25:45] Well, the IRS is under pressure. Some kind of pressure to settle things at the lowest possible level. So, and to the extent, you can best get advice to follow. Because every time you decide to go over the next step, it’s more time, more stress, or more meetings with your professionals, more strategizing, work produced, and less attention to other things in your life.

Bruce Wood: [00:26:27] So, if you can get something reasonable agreement with the actual agent, that’s certainly the easiest appeals, you have a 50/50 shot. So, if you think, you know, in certain cases where it’s a lot of money, the IRS agent is being unreasonable, you don’t think they did their homework or really have a leg to stand on, that might be a good option.

Mike Blake: [00:27:03] So, in your experience, how often do challenges on – and I’m just saying limit this to your world because I know that’s the place you know. How often do challenges happen on gift and estate tax returns? What would you estimate as a percentage of, you know, given, say, 100 or 1,000 gift or estate tax returns that are filed? What number of those are likely to face a challenge?

Bruce Wood: [00:27:31] We probably – I don’t know a number but it would probably – I can tell you the start where I think the starting point would be though. The larger estates would likely be able to be looked at more closely. And they’re looking for low-hanging fruit. They don’t have – I’ve heard IRS appraisers talk. They came to the TSCPA one time and gave us a presentation. They don’t have time to look at every report. They’re overwhelmed. We have fundamental disagreements about whether control and marketability discounts even apply at all, much less the amount. But they’re going to go after the low-hanging fruit.

Bruce Wood: [00:28:20] The reports that aren’t documented that take leaps of faith that say, based at marketability discount on an average of interest studies instead of what’s going on with that company. When there’s – in time their analysis where they have an analysis when they have a conclusion and they don’t tell you how they got from one to the other, when they leave holes like that, my goal is – in my report, is always to make it easy for the user to go through and duplicate my work.

Bruce Wood: [00:29:03] They could take the same information I had, you know, access to the same databases that I have referenced in the report. So, even if the IRS doesn’t agree with it, they can duplicate my report and see how I got my answers. When they can do that, when there’s not a leap of faith somewhere, well, there’s no patrol here. So, we think it should be 20% or something like that. So, document, document, document. Make it – you’d make their job easier by making the report easier to read. And give them less gray area to jump on.

Mike Blake: [00:29:47] And you know, I’m a big fan of that approach. It’s one of the reasons I think, you know, you and I worked so well together and that we’re of the same cloth there. You know, we don’t like those holes. And in fact, one thing I regret about our profession, you know, I’m sure you know this, but not everybody does. We used to have another credentialing body, the Institute of Business Appraisers.

Mike Blake: [00:30:13] And one thing that stood out in their series of professional standards, that I think was unique, and has not been adopted since. But under IBA professional standards that, you know, a business appraisal report should be replicable by a competent professional given the same information set, basically. And again, it doesn’t mean that they agree with it, but it should be able to be replicated.

Mike Blake: [00:30:43] And, you know, we can and I truly wish the Appraisal Foundation and the National Association of Certified Valuation Analysts. I truly wish they would both – and the NACPA, the third one, would adopt that into their set of professional standards because it really should not be exceptional that we do that. But unfortunately, it is. But it’s really high class, I think, to put a report that an IRS agent or one of their valuation analysts or called engineers, still to this day, you know, that they can actually reverse engineer the report. And I think that’s really important.

Bruce Wood: [00:31:26] It is. And there is no – in our recourse, there’s no ball to hide. So, why wouldn’t we be transparent about how we did it?

Mike Blake: [00:31:37] Yeah, well, and you and I could go down a different rabbit hole. Maybe we will, but not on this particular podcast. But yes, it does sometimes – I see some reports that sometimes make me think that the appraisers are intentionally trying to ensure that their report is just unreadable and taking their chances in the chaos.

Bruce Wood: [00:31:58] Some people fall asleep, you know. I’ve seen than.

Mike Blake: [00:31:59] But, you know, actually, you touched on the next question already. So, why don’t I just go ahead and slide into it which is, you know, when the IRS looks at a return. And the return basically is going to be based on a report like somebody would – you would do. What are the most common flags in your experience that the IRS looks for?

Bruce Wood: [00:32:25] Well, they want – if a report is not logical. If it contradicts yourself, make contradictory statements, for example. The company only pays distributions to cover tax liabilities and then you see something contrary to that. If the report looks, like it was – you know, if sections of the report, kind of, looked like they were copied and pasted from different sources. If it doesn’t flow. If it’s not logical. If there are holes in the analysis, there’s no segue from the analysis to the conclusion or there’s no analysis at all. The conclusions need to be based on something to show that the appraiser did his or her due diligence and follow through and came up with a reasonable conclusion.

Mike Blake: [00:33:31] So, you know, to me, the IRS seems like a different animal. Of course, we have lots of regulatory bodies the Securities Exchange Commission, Environmental Protection Agency, OSHA, Department of Justice, you name it, we’ve got it. But the IRS seems like a different animal to me. In particular in that I think I think more than any other agency, there is a, sort of, a presumption of guilt. You have to, kind of, prove to the IRS why you’ve paid the appropriate amount. Not to the IRS, what they’re suggesting you pay is inappropriate. Is that a fair observation or do you disagree with that?

Bruce Wood: [00:34:23] Well, yes and no. The IRS has to prove income. And you have to create your expenses. So if they think your income was –.

Mike Blake: [00:34:36] Interesting.

Bruce Wood: [00:34:36] Right, if they think your income was more than you reported, they’re obligated to prove that. And any expenses, you know, you’re obligated to show documentation of those.

Mike Blake: [00:34:48] But in your world where an appraisal for the estate or for the gift or has been filed, to me, it seems, again, like the burden of proof is actually on the estate of the gift or not the IRS.

Bruce Wood: [00:35:06] Right, and that’s why documentation, explanation is so key. And at the end of the day, they still have certain mandates, like, for one thing is tax affecting earnings and evaluation. Which means accruing, you know, pass through entity accruing taxes that will be paid at the shareholder level. Because the earnings that are capitalized or discounted should be what you keep, not what you make and they disallow tax affecting.

Bruce Wood: [00:35:47] There are several cases that came up and Michael Jackson, as you mentioned. And the IRS has a national mandate to disallow tax affecting. Regardless of all these court cases now. But most of them say, the tax code is not against tax affecting. But you’ve got to do a good job of it. You’ve got to do a reasonable analysis because they’re not there to recreate it. They’re going to throw it out if your analysis was not reasonable or you made assumptions that weren’t true.

Bruce Wood: [00:36:33] Like, for example, an assumption that the buyer would be a C corporation. Hanging your head on things like that will get it disallowed. But the IRS is starting to position, that’s a huge issue for them is that no tax affecting is allowed.

Bruce Wood: [00:36:51] And so, they probably have other mandates, too. Oh, and one of the IRS appraisers told me that to the IRS all discount evaluations, family and partnerships, LLCs, et cetera, all of them are abusive tax avoidance transactions. That’s their starting gate position. So, they prefer to start at zero. And discounts, generally speaking, unless you prove every percent.

Mike Blake: [00:37:20] So, that’s a very adversarial position to take. And just for our audience, when we say tax affecting, we mean that when you’re, in particular, appraising a business that you’re determining the value of the company on an after-tax basis in terms of profits rather than pre-tax basis. And there are technical reasons why that’s important when you get into things like pass-through entities. It can become very complex.

Mike Blake: [00:37:47] But it’s interesting that – I’m sort of vaguely aware of this. Again, you know, you do a lot more of this than I do. But I am vaguely aware of the fact the IRS, at least they’ve been trying to take this position of starting with zero discounts. They’ve been trying to take the position of assuming that no tax is paid by the company. That everything is a pass through entity.

Mike Blake: [00:37:47] How much have you actually seen that in practice? Because I have to say, knock on wood, I haven’t seen it a lot in my practice. But again, you do more of this and you do it deeper than I do. So, I’m curious how much the reputation is matching the practice on the road, in your experience.

Bruce Wood: [00:38:35] I just had a meeting this week where the agent actually said that. He said that it was a national mandate. They would not allow tax-affecting. And after you said that, I thought back to some other conversations in the past with IRS agents. It seems like sometimes they’re reluctant to say that if they’ve been told, they just can’t do it. And sometimes that comes out as, you know, I’m going to disallow that. And they won’t really explain. So, this is a theory, that maybe that’s why. That they’re uncomfortable saying they’ve been told not to.

Mike Blake: [00:39:17] Yeah. And I mean, it’d be interesting. If those actually get to tax court, I think the IRS is in trouble because when you take that position, you’re actually violating professional standards. You’re basically pre-determining to a large extent, in some cases, you’re actually pre-determining the appraisal outcome.

Bruce Wood: [00:39:40] That’s a good point.

Mike Blake: [00:39:40] And that may be why. Maybe there’s a national mandate, but they’re probably going to play soft with that because, you know, tax judges, generally speaking, know what they’re doing. I’ve actually been very impressed with their reasoning and how they articulate how they got to where they got. And they seem to understand complex financial discussions with actually a fair amount of fluency. Tax judges are going to pick up on that pretty quickly.

Bruce Wood: [00:40:10] Oh, sure. They don’t buy the smoke and mirrors, that’s for sure. They’ve seen enough of it.

Mike Blake: [00:40:20] And they understand, I mean, they get the professional standards. Of course, in every place there are good judges and bad judges. And every profession, there are good appraisers and bad appraisers. But there are enough good judges that, you know, they take the time to understand professional standards and amazing to see how that goes. But anyway, I can tell you about that stuff all day.

Bruce Wood: [00:40:45] Right, and they do. The tax court has disallowed tax-affecting but they make a point of saying but it’s not because they think tax-affecting is wrong, it’s because it wasn’t done correctly. And, you know, they think it’s not their job to recompute it for you.

Mike Blake: [00:41:04] Yes, that’s right. And I’ve seen the same thing that there’ve been a, you know, they’ll do what you’re supposed to do, which is rule and/or make a valued judgment based on the prevailing facts and circumstances. Not a blanket ideological statement, which is what you’re describing.

Bruce Wood: [00:41:27] Right.

Mike Blake: [00:41:28] A question I want to make sure we get to here is, there’s been a fair amount of press to this and you’ve indicated it yourself that the IRS is understaffed, or at least they say they are. I think they’re in the midst of a big hiring push right now. Good luck. But, you know, when the IRS is understaffed, how does that impact their reaction to tax controversies? Does that mean that taxpayer might be able to get away with more or they’re simply going to be a longer queue towards resolution or are there other ways in which understaffing by the IRS, kind of, impacts the the tax controversy conversation?

Bruce Wood: [00:42:14] Well, I think they certainly do have to pick and choose. You know, the IRS certainly has to pick their battles. Because of it – another theory I have is that taxpayers hear that news that the IRS is understaffed and that sometimes they get emboldened. Certain taxpayers will get emboldened to do to push the envelope and they might end up being the ones who stick out and get audited. I don’t have data to quantify that. It’s just a theory.

Mike Blake: [00:42:47] Yeah, and I suspect that is the case, right? A key distinction here that you’ve pointed out. I just want to come back to because I think it is critical, is that with income tax returns, there’s at least a semi-random element as to whether or not your return will be flagged for some sort of closer examination. But in terms of gift or estate, if you’re a taxable estate, i.e., roughly $11 to $12 million, I think the number range for a married couple. If you’re much more than that, it’s really a case-by-case basis where somebody actually is taking the time to carefully read your documentation.

Mike Blake: [00:43:28] And then if your documentation is dubious, then you’re probably going to get that call you don’t want. And if your documentation is solid, then they’re going to move on to that low-hanging fruit, as you said.

Bruce Wood: [00:43:38] Exactly.

Mike Blake: [00:43:41] Let me ask, in your experience, the other side of that coin is, one, picking sort of the lucky few of the returns that will ultimately be audited or more closely examined. But then the other part is, once you’re in that phase, what is the motivation to negotiate, right? We’ve talked about the motivation on the part of the taxpayer, cost time, distraction, lost sleep, et cetera. In your experience, has a short-staffed IRS made the IRS more motivated to dispense with matters?

Bruce Wood: [00:44:24] I would think they would be. Since they are overwhelmed, the agent will be getting more cases from their manager or the manager – again, I’m theorizing. The manager says, Have you finished the Smith case yet? No, I have these stacks worth of filing with me, no. And I would think that the manager would be under pressure from even above them to say, settle it. Give them more. See if you can work it out.

Bruce Wood: [00:44:53] So, I think the IRS is so overwhelmed that I would think that. And They do have some pressure from the top, at least to settle at the lowest level possible. Because at some point, if they litigate too much and ask for too much more money from Congress, the taxpayers are going to start to get irritated. I think that’s how it would play out.

Mike Blake: [00:45:18] OK. Now, when we think about the IRS, we’re most of us anyway. you’re different because you’re so close to it. But most of us think of the IRS. we think of it as a pretty powerful agency. And that means that there can be concerns as to whether or not there could be an abuse of that power.

Mike Blake: [00:45:42] And what I’m getting at is there a recourse? Does a taxpayer have any recourse? If they feel like, for whatever reason, the person they’re talking to at the IRS is biased or is being unreasonable as being is not negotiating effect, not bargaining in good faith. Do taxpayers have recourse or are they kind of just stuck, they get who they get?

Bruce Wood: [00:46:11] Well, there are – the taxpayer advocate is another arm of the Treasury. And I think that’s more on the individual side. Honestly, I’ve never seen them get involved in what I do or whether business. And there are three arms of the Treasury. There is the IRS, the Taxpayer Advocates Office, and there’s TIGTA, the Treasury Inspector General for Tax Administration.

Bruce Wood: [00:46:45] And what TIGTA does is they protect the others from each other. So, nothing strikes fear in the heart of an IRS agent like TIGTA. The IRS agents fear them, kind of, like other people fear IRS agents. Because if there is some kind of abuse, if an IRS agent does an offer – engages in unauthorized access to taxpayer information, one they weren’t assigned or unauthorized disclosure. Those are examples where they can get into a tigta investigation pretty quickly if they’re not careful.

Bruce Wood: [00:47:36] And on the other hand, if a taxpayer harasses an IRS agent, like, shows them their weapons collection or something like that, TIGTA will show up very quickly to defend the IRS agent. So.

Mike Blake: [00:47:59] Okay. I’m talking with Bruce Wood and the topic is, “Should I fight the IRS?” We’re running out of time, but there are a couple more questions I do want to make sure I get in. And one of them is, can you countersue the IRS? You know, in conventional civil litigation, you can countersue for damages or at least you can seek compensation for the cost of litigating a lawsuit that might have been improper, frivolous, or whatever. Does any kind of mechanism like that exist with respect to a controversy with the IRS?

Bruce Wood: [00:48:44] Yes, I’ve heard the tax attorneys I work with that they call those administrative expenses. They can add those on as additional damages and they can be professional fees and any other direct costs of the litigation or the dealing with the IRS.

Mike Blake: [00:49:10] OK. So, Bruce, as we sort of wrap up here, there may be questions that some of our listeners would wish that I would have asked, or maybe we might have spent more time on. If somebody wants to contact you about a potential IRS controversy, just want some advice. can they do so? And if so, what’s the best way to contact you?

Bruce Wood: [00:49:33] Absolutely, they can. My cellphone is 770-310-5347. And my e-mail address is bwood@bradyware.com.

Mike Blake: [00:49:54] And that’s going to wrap it up for today’s program. I’d like to thank Bruce Wood so much for sharing his expertise with us. We’ll be exploring any topic each week. So, please tune in so that when you’re faced with your next business decision, you have clear vision when making it.

Mike Blake: [00:50:08] If you enjoy this podcast, please consider leaving a review with your favorite podcast aggregator. It helps people find us that we can help them. If you would like to engage with me on social media with my “Chart of the Day” and other content, I’m on LinkedIn is myself and at Unbreakable on Facebook, Twitter, Clubhouse and Instagram.

Mike Blake: [00:50:26] Also, check out my LinkedIn group called Unbreakable Group that doesn’t suck. Once again, this is Mike Blake. Our sponsor is Brady Ware & Company and this has been the Decision Vision podcast.

 

 

Tagged With: Brady Ware & Company, Brady Ware Arpeggio, Bruce Wood, Decision Vision podcast, IRS, IRS Appeals, Mike Blake, tax issues, tax returns, Taxes

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