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Sandy Hansen-Wolff, Sandy Hansen-Wolff Consulting

November 10, 2021 by John Ray

Sandy Hansen-Wolff
Minneapolis St. Paul Business Radio
Sandy Hansen-Wolff, Sandy Hansen-Wolff Consulting
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Sandy Hansen-Wolff

Sandy Hansen-Wolff, Sandy Hansen-Wolff Consulting (Minneapolis-St. Paul Business Radio, Episode 24)

Sandy Hansen-Wolff dove unexpectedly into a leading a business after her husband’s passing, but recognizes now she chose her path and was prepared for it by life. She has evolved her coaching into what she calls an Intuitive Strategy Blueprint, and Sandy helps business owners reconnect with their passion and create tangible leaps forward from those insights. She talked with host John Ray about her coaching practice, persisting through tragedy, and much more. Minneapolis-St. Paul Business Radio is produced virtually by the Minneapolis St. Paul studio of Business RadioX®.

Sandy Hansen-Wolff Consulting

Sandy’s true inspiration comes from her unwavering conviction that the highest results come from digging into what we already have burning inside, just waiting to be ignited into new realities.

Partnering with leaders and entrepreneurs like you to help you bust through barriers (both internal and external) and reach new levels of success is why Sandy loves what she does.

Whether you’re taking your business to a new level or dealing with unexpected or overwhelming challenges, she partners with you in creating a vision for your ideal future and taking aligned action to reach your goals during a short term (3-6 months) or longer-term (12 months+) private coaching experience.

Sandy is your idea accelerator, your expert listener, your collaborative facilitator, your visionary strategist, and your partner in taking your life and business to the next level.

Sometimes, the best way to dream and work towards your goals is to get out of your everyday environment and turn off the distractions.

Sandy offers business and leadership coaching as well as speaking and workshops. Workshops and retreats are powerful tools for reaching new heights in business and in life through inspiring and high-value,  rich topics.

Website | LinkedIn | Facebook | Twitter

Sandy Hansen-Wolff, Owner, Sandy Hansen-Wolff Consulting

Sandy Hansen-Wolff, Owner, Sandy Hansen-Wolff Consulting

Sandy Hansen-Wolff has spent her entire career as a business leader and entrepreneur.

Sandy started her speaking, coaching, and consulting business nearly two decades ago. In this role, she works across industries to partner with leaders and business owners to create and execute high level strategy and aligned actions. She was thrust into entrepreneurship when widowed at a young age.

Although always an entrepreneur at heart, Sandy assumed ownership of her late husband’s company in 2003 upon his death and began sharing her story of crisis leadership and overcoming tragedy. She has worked for nearly two decades in agribusiness ownership as well as launched a new agribusiness e-commerce company and recently and successfully transitioned her company to new ownership.

Sandy now spends her time helping other leaders and companies scale through her leadership coaching, speaking, and consulting business. She is a certified International Coaching Federation executive and leadership coach as well as a certified Emotional Intelligence Assessor. She partners with many brilliant business leaders, owners and teams and facilitates monthly mastermind peer groups of business leaders.

Sandy speaks to groups large and small on topics of pricing, negotiation, business success/scaling strategies, emotional intelligence, employee engagement, and culture, launching new ventures as well as personal strategies for aligning heart-based leadership to profits. She also serves on several boards, is a volunteer wish granter for MakeAWish as well as many other community initiatives.

LinkedIn

Questions and Topics Discussed in this Episode

  • Tell us how you began in business ownership and how it led to coaching high-level leaders and business owners.
  • The use of Intuitive Strategy Blueprint for quick clarity & goal setting in business.
  • What do you feel are the top challenges that leaders and managers face in these changing times?
  • You turned around a company in very turbulent times and under tragic circumstances. Tell us how your experience is a big attractor for working with clients in your coaching and consulting work.
  • How is your intuitive strategy coaching unique and different than other methods of coaching?
  • You also facilitate leadership and business owner mastermind peer groups. What is your passion behind this role and what focus do these groups have for each session?
  • You have also spoken on stages large and small. What are the hot topics now for business and leadership conferences?

Minneapolis-St. Paul Business Radio is hosted by John Ray and produced virtually from the Minneapolis St. Paul studio of Business RadioX® .  You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

Tagged With: business coach, business coaching, Coaching, consulting, grief, John Ray, Minneapolis St Paul Business Radio, Sandy Hansen-Wolff

Angel Investors – An Interview with Brianna McDonald, Keiretsu Forum

November 10, 2021 by John Ray

Brianna-McDonald-Keiretsu-Forum
Inspiring Women PodCast with Betty Collins
Angel Investors – An Interview with Brianna McDonald, Keiretsu Forum
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Angel Investors – An Interview with Brianna McDonald, Keiretsu Forum (Inspiring Women, Episode 38)

It’s time for more women to become angel investors. That’s the message from Brianna McDonald of the Keiretsu Forum, one she offers in this interview with Betty Collins. Brianna discusses why the time is right for women to make angel investments, how to find angel investment groups, the importance of doing your research, diversification, and much more. Inspiring Women is presented by Brady Ware & Company.

Betty’s Show Notes

I have an amazing guest who is a top female investor. She offers a way to get started in angel investing and diversify your portfolio.

This is a smart way you can also help women.

Startups and entrepreneurs struggle. Because they lack capital a lot of the times.

They may have a lack of sense of how to run a business. But they have this passionate idea that they really want to get out there. And so capital is a huge issue.

An angel investor is someone who provides funding for small startups or entrepreneurs. The funding can be any amount, really, and sometimes the angels will get an ownership stake in the company for their investment, while other times there will be an agreement drawn up for getting your money back — plus profits — once the company gets off the ground.

You may sometimes hear angel investors referred to as “private investors,” “seed investors,” or “angel funders,” but one thing is clear — no matter what you call them, angels can make a huge difference in the life of an entrepreneur, and they can also make some serious money in the process.

With me on this episode is Brianna McDonald. She is the President of the Northwest Region of the Keiretsu Forum angel investment community, the largest and most active venture investor globally, comprising over 50 chapters with over 3,000 active members investing over $450 million annually into over 600 companies.

She’s an active leader and angel investor with Keiretsu Forum and has been a part of the organization since it launched in Seattle in 2005 and supporting its growth to become the largest and most active group globally.

She’s proven over time to be adept at screening companies for angel investment, coaching companies on presentation and investor relations, sales strategy execution, relationship management, and leading due diligence teams.

Listen in as Brianna McDonald gives us all a crash course in what angel investing really is, and breaks down how angel investing differs from crowdfunding and venture capital.

Brianna talks about how angel investors can find successful rates of return, and why now is a great time for women to consider becoming angel investors. Brianna also walks us through how she got started investing, how to find angel investing groups around the country and the importance of doing your research.

She offers up 7 tips.

  1. Is this something you want to do?
  2. Find female support
  3. Sit in on meetings (a great question to ask – rather than “how are things going?”, ask “what challenges are they going through?”)
  4. Pick the brains of the experts
  5. Find something that is interesting to you
  6. Stay active with the investment
  7. Reach your financial goals

This is THE podcast that advances women toward economic, social and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.

TRANSCRIPT

[00:00:00] Betty Collins
So, today, I want to talk about angel investing, and hopefully, you can learn how to be an angel investor or even use one. Hopefully, this will intrigue your attention. I have an amazing guest who is a top female investor, and offers a way to get started in angel investing, and diversify that portfolio. What a great thing to do. You should always be doing that, but this is a way you can also help women. So, startups and entrepreneurs struggle, not because of they have an idea or a passion, but it’s because they lack capital a lot of the times.

[00:00:38] Betty Collins
And there is that they have, maybe, a lack of sense of how to run a business, but they have this passionate idea that they really want to get out there. And so, capital is a huge issue, and you’ve got to get the right capital, though. I’ve heard plenty of people start businesses with credit cards, do not do that. You will never win, you will never get ahead. Or they get too much capital, or they don’t have enough, and they run out quickly. It’s all over the place. So, that’s why I like the angel investing, because they can help and guide you in a different way that maybe a bank can’t, or a private equity.

[00:01:14] Betty Collins
But you can get that right capital, and then diversify your portfolio by being an angel investor. So, startups and entrepreneurs, they struggle, but not because of a great idea or passion, but really it’s the lack of capital most of the time, and maybe some entrepreneurship skills. So, you got to get the right capital, and then you’ve got to get partners with you who can help you know how to navigate through your times. So, you could also be the capital, and get the capital, be the capital. And if you if you get to do that, you could diversify your portfolio.

[00:01:49] Betty Collins
So, what is it? Well, the dictionary says, an angel investor; it’s a private investor, maybe a seed investor, maybe that high-net worth person who’s providing financial backing. Sometimes we think of them as family and friends that come in, you always want to do that, for sure. But the funds that those angel investors provide is probably a one-time investment to help that business get off the ground, depends on how it goes. Or maybe it’s an injection to support and carry the company through it’s difficult, early stages. Or maybe you’re five, and you’re going to go to the next level, and it’s going to be some tough doing.

[00:02:30] Betty Collins
So, you know me if you’ve listen to my podcast, I’m passionate about the marketplace and its success, especially for women. Women are dominating the marketplace, but they don’t go as far faster. They have a longer uphill battle, sometimes. And I see women in business all the time struggle. It holds them back, and it slows down their progress when they don’t have that capital, or their frustration, and they can’t give any more, mentally and everything. I hate seeing that. And angel investing can be a way to solve that, whether starting up or investing, you can play a role in it. My guest today is Brianna McDonald.

[00:03:09] Betty Collins
She’s coming with this amazing experience, with an amazing company, and she has an amazing role in it. Their mission is very simple, I’m going to let her talk about what some of that is, but it’s to fund companies, and provide excellent investment opportunities for their members. And she’s going to talk a little bit about overview of investing, what it means to be an angel investor, or her experience as a woman investor in a very male-dominated industry. And then she’s going to drill down the seven tips. That’s something the accountants love, the steps, the numbers, seven tips.

[00:03:45] Betty Collins
So, I’m going to let her talk a little bit about her company, and introduce herself in that way. And then I want her just to really talk a little bit about her, not necessarily what we do. So, welcome, Brianna, to my podcast. Tell us about what you do, and your company.

[00:04:02] Brianna McDonald
Well, thank you so much, Betty, for having me on today to talk a little bit more about this topic. I’m super passionate about it. I’m currently the president for Keiretsu Forum, Northwestern Rockies region. I have been in this role now, four years, but I’ve been a part of the organization for 15 years. So, I participated a lot as an investor, as a member, learning, doing that for many years prior to stepping into the role that I’m in today. But where I really come from is a long line of entrepreneurs. My father had his own business, his father had his own business.

[00:04:41] Brianna McDonald
And I didn’t really realize that at the time, because in the ’90s you just didn’t talk a lot about entrepreneurship. It just wasn’t a word you heard very often. And I went into business for myself, I began selling real estate after I finished college, and worked with executive relocation, with Microsoft and all their Aqua hires that they were bringing on, and had a very successful business doing that, and thoroughly enjoyed it. I love to work hard and play hard. And my husband started Keiretsu Forum in Seattle in 2005.

[00:05:18] Brianna McDonald
And, essentially, when he started it here, we were the eighth chapter, we are, so we have the Northwest and the Rockies region. There’s over, now, 55 chapters globally, on four continents, and over 3000 investors in our network, which is really amazing, the work that everybody does. But when he started it here, we were number eight, and he said, “Come, come to a meeting.” And I was like, “Why would I go to this meeting? I’m busy. I’m busy doing other stuff.” And he’s like, “No, no, no, you’d be great. Come come to the meeting, come sit down.” And I was like, “Alright, fine.”

[00:05:52] Brianna McDonald
So, I wanted to be a supportive partner, and so, I went to the meeting, and I was 26 years old, and I sat at the table with a bunch of gray-haired men. And I listened to the company’s speech, and I thought, “What on earth am I doing here?” And I was trying to figure it out, and so, I am nice and friendly, I’m n the real estate business, I can just start- I’m personable, and can talk to people. And the first company goes, and I’m like, “What is this product, and what is this market, and what is your price point, and how do you make money? And I’m like, “Gosh, I don’t belong here.”

[00:06:34] Brianna McDonald
This is my internal thought process going on. All of us women, we have this internal critic that goes, “You don’t belong here. Why are you here?” So, I’m writing these questions down, but then these men started going, “Well, how do you make money, and what is your product, and what do you do?” And I’m like, “Oh, well, maybe I might be on to something.” And then the next company went, the next company went, and I sat and I listened, and it was really fascinating being part of it. And so, when the next meeting came up, I was like, “Hey, can I come to that meeting again? Can I come? That was interesting. I learned some things, and there were some cool people there, and I liked it.”

[00:07:15] Brianna McDonald
And Ethan was like, “Sure come along.” And it took me about a year. So, I sat and actually observed for a year, and I didn’t ask a single question in the room. Just being so young, and being the only woman at the table, I didn’t really feel like I fit. And one day, I finally mustered up the courage to ask a question. And the adrenaline was rushing, I was nervous, and it was just this tiny, little question, I don’t even know what it was. But what I do remember is, one of our investor members, who is still a member today, after I asked the question, leaned over to me and said, “That was a good question.”

[00:07:54] Brianna McDonald
And that was all the reinforcement that I needed to know, I was in the right place. I actually deserved to sit at this table, and I had something of value to bring. And over the course of my many years of being in this industry, and really being one of few women who participate, and really working to bring more women in, is that women are highly beneficial here. They understand markets, they understand pricing, we do most of the shopping. There is a lot of things that come into play with women, and how businesses get up and off the ground, how you pick your target market, how you pick your customers.

[00:08:34] Brianna McDonald
All of this is really important. We just think differently about it than men do. And it’s that togetherness that makes it really work. So, it took me over a year, and I wrote my first check in a company. I did receive a return, I can talk about that later, but I had some lessons I learned along the way of engagement and things. And so, even though I’ve been in this industry 15 years, the thing I love about it is, I’m still learning. You don’t know everything. And being able to be in an organization like Keiretsu Forum, we lean on each other. We don’t have to be experts in everything. We work together, the men and the women. But we need more women coming in.

[00:09:15] Betty Collins
And I think if there were more women coming in, there would be- it’s just a different perspective at the table. I know in Brady Ware, when I came there, there was about between 22 and 25 partners. And I came in, there were two of us there. And the discussion is different in the room, now that we have seven there. And it’s not because we’re maybe smarter, maybe we are, or it’s not because we’re better, maybe we are, we just think differently. And as women dominate starting businesses and getting them up, I know you see this every day, they get to a point, and men are going right past them because they have different skill sets, maybe, I don’t know.

[00:09:58] Betty Collins
Some of it is the type of businesses women go in, it’s hard to get lending. It’s hard to get that capital from a traditional bank, even private equity. So, I love your passion behind it because that’s what’s got to be there. And the marketplace is crucial in this country. If we don’t have the marketplace, it means employers don’t pay employees, and employees are families, and households, and communities. And when the US doesn’t work, the world doesn’t work. So, entrepreneurship has to work.

[00:10:31] Betty Collins
And this is just a way I wish more women who have had their success, they don’t have to have multimillion-dollar success, but when they have their success, they become that angel investor, and say, “I’m going to give someone a chance, because I’ve been there, I’ve done that.” So, obviously, you talked about your ‘why’, behind the passion behind that. Do you find yourself more attracted to the women-owned businesses that you’re hearing, or does it matter? It’s entrepreneurship, and business is business. Is there a difference for you?

[00:11:05] Brianna McDonald
So, every investor has their own investment thesis, and it’s really developed over time. It’s what moves you. And so, if any woman is thinking about getting into this space, I really encourage them to listen, to learn and to figure out what that is for them. For me, it’s team. And I need a good team. Now, team does not necessarily mean, for me, in my investment thesis, that it needs to be a female CEO, but the team better be diverse. I want to see diversity, and not just between men and women.

[00:11:38] Brianna McDonald
I want to see diversity across the board, across ethnicity, because that is going to be where the differences are made in terms of thoughts and opinions, and how they come together, and how that team culture works. Because at the end of the day, you can have the greatest product in the world with the best market, and if you have a team that fails to execute, the investment still goes to zero. That said, I’ve invested in some amazing women that lead teams, but I didn’t invest in them because they were a woman, I invested in them because they were awesome.

[00:12:12] Betty Collins
And as much as I am pro-business, pro-entrepreneurship, pro-woman for sure, it’s got to be the right mix. Everything, from the product to the execution. It can’t just be this passion idea, it has to all work together. Let me just follow up with one last question with what we’re discussing, and that is, would you commit as an angel investor, and you come in at 10 percent, or you come in at 50 percent depends on how much money you give, it depends on once you’re there. What generally happens? Is it more, you write the check and you wait and see, or is it, “No, we’re really hearing, we’re there, we’re on the ground, and we get to play a role.”? Because I think people think, “I’m writing a check and I’m done.”

[00:13:04] Brianna McDonald
So, I think that is something that is a big misconception about- if you want to be a passive investor, and you want to invest in early- stage companies, I would really recommend a fund vehicle, if that’s the direction you want to go. Because you’ll be able to diversify, and you’ll be able to take that passive role in what you’re doing. For me, what I love is, I love being engaged. I’m advisors to the businesses I invest in. I call them up, I text them, I ask them how things are going. And I usually ask them what challenges they’re having, because if I ask them how things are going, they’ll always tell me it’s great.

[00:13:40] Brianna McDonald
So, I’m like, “Hey, what challenges have you had the last month, and what can I do to support you in those challenges?” If you stop hearing from companies, that’s typically when things have gone south, and when the communication stops, and that’s when you need to reach out. And so, that was one of the big lessons I learned early on, was that the more you communicate, the more you understand, with what’s going on with your private investments, the better and safer you’re going to be. Lines of communication are super important, and I feel like, especially over the last five years, culturally, through the busyness, through all of the things that have gone on in our world, we just don’t communicate like we used to.

[00:14:18] Brianna McDonald
And we really should, we’re here to help and support one another. And when you get a private investor’s money, you also get their expertise. We’re here to help you figure out those problems. We’re alongside of you, we’re bought into you, we believe in you, let’s do this together. Let’s push forward innovation, and make the world a better place.

[00:14:43] Betty Collins
And I like how you talk about the advisory role. Because when I talk about small businesses having that hard time or they need capital, and they think everything’s about capital and lack of it, sometimes it’s just really, you’ve had bad advisors or lack of advising. So, when you, maybe, tap into an angel investor, or you become the angel investor, you have a role to play in that; of advising, and not controlling, but advising. Those are two different things.

[00:15:19] Brianna McDonald
Yeah, definitely not- it’s up to the CEO to make decisions. But knowing that you care, and that you’re engaged is good. It’s, definitely, also- through the due diligence process, we can get into that too, here, but through the due diligence process, prior to writing a check, you really get to know who that person is, how they operate, how they respond. And through that process, you’ll begin to understand what the rules of engagement are for you, as you go forward with that investment, if you choose to make that investment choice.

[00:15:54] Betty Collins
And I definitely want to get into the- let’s get to the seven tips, because now I have my steps, I have my tips, I love all that. I just went on a sales call with a company who just went through a purchase. And, boy, I wish they would have had advisors helping them get through the whole thing. And so, I took one of my senior people with me, and they said, “What are we going to do today?” I said, “We’re going to listen, we’re going to ask them who they are, and how many kids you have, and where do you like to travel, and we’re going to learn why they wanted to buy the business.” That’s a huge factor, I don’t think you can underestimate, especially when you’ve been in the marketplace and entrepreneurs for 20, 30 years, you have a lot to give to someone. But let’s get to the seven tips, let’s talk about that.

[00:16:43] Brianna McDonald
Well, so the first tip I have, tip number one, is getting started. So, the first thing you need to do is really think like, “Hey, is this something I really want to do?” And you have to start. If you don’t ever start, and take that first step, and that first leap, you’re not going to do anything with it. So, it is just something you’re interested in exploring, there’s lots of different investment groups. I would really encourage any woman who was thinking about doing this, to get involved in a group, so you don’t have to go into alone.

[00:17:15] Brianna McDonald
You can really lean on other people in the group, and the groups in your region all have different investment theses. So, it gives you some time to do some research, and as you sit in, and usually, if you just want to come sit in on a meeting or two, they’ll let you do that. They’ll let you come in, and try it on, and see. One thing, I just got off of a call today with a woman who was interested in becoming a member of my organization, and she’s like, “Well, I need to go fill out the accreditation form for the SEC.”

[00:17:46] Brianna McDonald
There is no accreditation application for the SEC. It is just, these are guidelines that are put in place by the Securities Exchange to make sure that you are qualified to lose money, because this is risky business and and that could happen. So, typically, you make more than $250,000 per year salary if you’re single, $300,000 if you’re married, or you have more than a million in assets. Last year, they expanded that out a bit to be able to include different areas of study. So, if you got your degree in biology, and you want to go invest in a biology company, you should know enough, that if you make a decision there, if you’re gonna lose your money or not.

[00:18:34] Brianna McDonald
So, they did expand that out a bit, so if you’re interested in looking into that, there is some information there. But go online, look at your regional groups, your local groups, they tend to invest locally. My organization’s a little bit different, we invested a little bit later- stage companies, not super-early. There’s more due diligence, and we are global. And so, wework together. So, we have our regional deal flow in our regions we work in, but we also work collectively with the other chapters, especially in North America, but across the world as well.

[00:19:07] Brianna McDonald
So, do your research, is the first step. The next one is tip number two, is find female support. Super, super important. Even reach out on LinkedIn, I have women reach out to me on LinkedIn, and they’re like, “Hey, I see we have similar backgrounds. Can we just have a call?” I love that. I will take those calls. I don’t usually take a lot of cool things off of LinkedIn, but if there’s women out there looking to get into angel investing, they want to chat with me, I’m always more than happy to do so. So, for any of the women who are listening in right now, and please don’t all bombard me at once, but reach out, I’m happy to.

[00:19:50] Brianna McDonald
Or find someone in your area, and they’ll share their experiences with you, and the things that they’ve learned, and how they got into it. But having a seat at this table is important, because we are driving forward innovation, and when things are cloudy and uncertain, that is the time when you actually have the greatest ability to make a lot of money, because you’re betting on the uncertainty. So, not everything- certainly, it’s a little uncomfortable for us ladies, sometimes. We like to be very pragmatic in our approach, and be very thoughtful about how we do things, which is also why I like investing in women entrepreneurs.

[00:20:31] Brianna McDonald
So, once you target those groups, reach out to them, talk to them, do some diligence on those groups, talk to some of the members, sit in on the meetings to see how they ask the questions. Are they nice? Are they kind? Are they mean? Is this a group that you want to be a part of? Do you find them engaging? And even online, it’s really opened up a whole new world of us being able to sit in on lots of different types of meetings. So, that’s been one silver lining of COVID. We had to pivot our entire business from in-person to to virtual, which was difficult last year, but I feel like we did it pretty well, and we’re able to- and we’ve created different programs to allow people to be heard.

[00:21:17] Betty Collins
Talk about- I had more people reach out to me this year to be on my podcast, because we don’t think about, “I got to go somewhere in Columbus. I could have a West Coast interview or an East Coast.” It’s been an amazing thing. And this is a great- I’m glad to hear you say that. It didn’t sound like it was maybe a hard pivot, you just had to pivot. You just had to do it, right?

[00:21:42] Brianna McDonald
Well, and we had to make sure it worked, because we are very professional organization, and the things that we do, and the steps, and the process. So, trying to recreate that was not easy, but anything that is worthwhile in this life shouldn’t be easy. But I feel like we’ve done a really good job keeping the professionalism, keeping it running on time, respecting people’s time, and respecting our processes, and how they all work. So, as you sit in on the meetings, my fourth tip is, to really pick the brains of the experts.

[00:22:18] Brianna McDonald
So, even if you’re on Zoom on a meeting, and you hear someone ask a really thoughtful question, message them say, “Hey, I really like that question, what’s your background? And I’m thinking about getting into angel investing, and I’d love to know a little bit more. Maybe we can have a quick call.” There’s so much we can learn from other people’s backgrounds and experiences. We do not need to be the experts in everything. And I firmly believe that in a collective-working together, and this is why a group is so important, being able to do that. Our members throughout Keiretsu Forum in our meetings message each other all the time, throughout the meetings, and they have private chats going, and things like that.

[00:23:01] Brianna McDonald
It’s our way to connect with one another, and talk about the deals that we’re seeing. My big one is, find something that’s interesting to you. And this comes back to the investment thesis that I mentioned earlier; what really perks your interest? I firmly believe in being able to diversify your portfolio. I do not believe in putting all of your eggs in one basket. So, at Keiretsu Forum, we look at a wide array of opportunities. We look at biotech, we look at technology, we look at medtech and medical devices. We look at consumer goods.

[00:23:35] Brianna McDonald
We even look at real estate, and being able to have a wide range of items in your portfolio is really important, because they offset the others in terms of the risk profile, and when you’re going to be able to see that return. Now, what works for you? And, really, figuring that out. And it’s not something you’re going to have the answers to overnight. It’s going to just take time, and sitting and learning.
Six, we already covered this, Betty, is staying active. So, if you do run through the diligence and choose to invest, staying active with that investment. Communicating with the CEO, even if you reach out every couple of months, just say, “Hey, how’s it going? What challenges do you have today?”

[00:24:19] Brianna McDonald
That should be a tip that we take, that’s a good question to start with; “What challenges do they have this month?” Because they will always tell you everything’s great, and when you approach it that way, it’s a little bit disarming. And then the final one is to be able to reach your financial goals. And there’s a lot of opportunity here. If you do the research right, if you mix up with the right groups that are good fit for you, and are thoughtful about how you go about diversifying, and even taking off, carving off 10 percent of your portfolio to these higher-risk investments, you can really do a lot of well and good, at the same time.

[00:25:03] Betty Collins
I like that. [CROSSTALK]. Well and good at the same time, I love that, because there’s nothing wrong with, “Here’s $100,000, and I want it back, and I’d like to get, actually, more than $100,000 back.” At the same time, probably, you’re injecting some energy in someone that needs it. And it’s all good. I was fortunate to be on a Shark Tank type of thing, I was a judge. And it was five young women who- and they had criteria to be there, so they weren’t completely startups. I was never so energized to do it. It was the fun, it was great. Now it’s an annual event, and I love doing it so. But I’d love for you to tell us a success story. End with a success story, and maybe then, we’ll talk about one take-away, because I would love to hear just where [INAUDIBLE] went so well.

[00:25:54] Brianna McDonald
Well, so, I will tell you, we’ve had a lot of success in life sciences. And life sciences is something that has been, it’s not easy to understand, and definitely having some good experts in the room for you to learn from is good. My first due diligence medtech device, I’ll never forget calling up one of my members who runs a medical device, he builds medical devices. And I was like, “Okay, they’re contract manufacturing in China, what are the 10 questions I need to ask, and what are the answers that I need to receive, if this is a good deal or not. So, being able to look at that, and see, and looking at the FDA process, it’s complicated, and it’s high risk, but it’s super rewarding.

[00:26:41] Brianna McDonald
We invested in the company Immunotherapeutics, and they worked on a vaccine for red cedar allergy in Japan. So, I guess the US went there during World War II, and they planted a whole bunch of red cedar trees, and it turns out Japanese are very allergic to red cedar, and it’s debilitating allergy. But they’ve also been able to work as a drug platforms, so they’ve been able to work in the multiple different allergies. And after a couple of years, they received $500 million purchase order. And we received our first return from that. And they didn’t divest us, they just gave us the return from that purchase order.

[00:27:25] Brianna McDonald
And then we kept our stock, and we got a second exit again last year, if we wanted it. There are opportunities, even with my first company, with my first investment, that I was able to get a 2X return out of, which isn’t awesome. It was a food company, and I probably would be more cautious investing in a food company again, lessons learned along the way. Because I do include some of the things that I have learned to be just as much success as the capital I received back. So, looking at food deals is hard; there’s a lot of competition, there’s a lot of things that go into the space.

[00:28:05] Brianna McDonald
I also thought it was going to be the most amazing thing in the world, and I put my my money in, and walked away, like what you talked about the beginning, Betty, and didn’t stay in touch. And they had an opportunity to exit in 2010, and if they would have done that, it would have been great. But they didn’t. And so, Idid receive a return later, that I was able to roll up into another investment that I’m super excited about. But there was lots of really good lessons along the way. And just as long as I’m not losing money, I consider it a win. And then my final company is the company, it’s called Vita Inclinata.

[00:28:43] Brianna McDonald
I’m an advisor, I’ve been an advisor for over three years now to this company. I invested at $8 million, they’re just closing $150 million-dollar round right now. And so, being able to be a part of that effort as they continue to grow, as they deal with their challenges, have a really good relationship with the CEO, it’s been so great to watch their success. You got Forbes 30 under 30 two years ago. It’s been so fun to watch them create this device that it just didn’t follow a formula for me, and that’s what made it exciting. It’s a system for helicopters, it’s a load stabilization system for helicopters.

[00:29:28] Brianna McDonald
I know diddly-squat about that, but I do know a lot about people, and about safety, and about our markets, and selling into that. So, pulling that expertise out, I know go-to market strategy has been really helpful. But they’ve been able to close some big military contracts, and really accelerate growth. So, I have a wide range of things that I invest in, but it’s exciting to be a part of. And then my last, my takeaway would be, if you are interested in learning, one, you can always come, reach out to me on LinkedIn, or you can go to my website, k4northwest.com.

[00:30:07] Brianna McDonald
You’re always welcome to come in, and sit in as a guest at one of my forum meetings. I do six per month, and you can see what goes on there. But if you are interested in learning more about angel investing, just go sit and learn. Just go join a group and learn for a year. We spend lots and lots of money on education, and it’s okay to spend this on your financial education, and be able to do that, and learn from others. And if it’s something that suits you after a year, then maybe think about writing a check. But there’s so much to learn.

[00:30:39] Betty Collins
And as you said from the beginning, tip one is, just get started. Just get going, do something, especially if it intrigued you. So, I would tell my audience today, if you want to get into angel investing, you’ve got your person. Or if you want to be, “Hey, I need an angel investor,” you probably got your person. So, I so appreciate you being here today. You just have been- I could talk to you for another hour, honestly. But I know your time is valuable, and, of course, you’re on the West Coast, and I’m in the Midwest, and I’ve never been, actually, to Oregon or Seattle, or let’s see, you’re in Idaho as well?

[00:31:20] Brianna McDonald
I’m in Seattle, yes, though I’m based in Seattle. Our region is Vancouver, B.C., Washington State, Oregon, Idaho, Montana, Utah, Colorado and New Mexico.

[00:31:33] Betty Collins
I’ve been to Montana, and I’ve done the whole California thing. I just needed to expand a little bit more, but it was great just having you on today. So, audience, if you want to be an angel investor, or you need an angel investor, don’t rule it out. Challenge yourself, and maybe get out there and get started, like we talked about today.

[00:31:53] Betty Collins
So, I’m Betty Collins, and so glad you joined me. Inspiring women, it’s what I do. And I’m going to leave you with this; being strong speaks of strength, but being courageous speaks to having a will to do more and overcome.

Automated transcription by Sonix www.sonix.ai

Betty CollinsIW8-2021square is the Office Lead for Brady Ware’s Columbus office and a Shareholder in the firm. Betty joined Brady Ware & Company in 2012 through a merger with Nipps, Brown, Collins & Associates. She started her career in public accounting in 1988.

Betty is co-leader of the Long Term Care service team, which helps providers of services to Individuals with Intellectual and Developmental Disabilities and nursing centers establish effective operational models that also maximize available funding. She consults with other small businesses, helping them prosper with advice on general operations management, cash flow optimization, and tax minimization strategies.

In addition, Betty serves on the Board of Directors for Brady Ware and Company. She leads Brady Ware’s Women’s Initiative, a program designed to empower female employees, allowing them to tap into unique resources and unleash their full potential.  Betty helps her colleagues create a work/life balance while inspiring them to set and reach personal and professional goals.

The Women’s Initiative promotes women-to-women business relationships for clients and holds an annual conference that supports women business owners, women leaders, and other women who want to succeed. Betty actively participates in women-oriented conferences through speaking engagements and board activity.

Betty is a member of the National Association of Women Business Owners (NAWBO) and she is the President-elect for the Columbus Chapter. Brady Ware also partners with the Women’s Small Business Accelerator (WSBA), an organization designed to help female business owners develop and implement a strong business strategy through education and mentorship, and Betty participates in their mentor match program.

She is passionate about WSBA because she believes in their acceleration program and matching women with the right advisors to help them achieve their business ownership goals. Betty supports the WSBA and NAWBO because these organizations deliver resources that help other women-owned and managed businesses thrive.

Betty is a graduate of Mount Vernon Nazarene College, a member of the American Institute of Certified Public Accountants, and a member of the Ohio Society of Certified Public Accountants. Betty is also the Board Chairwoman for the Gahanna Area Chamber of Commerce, and she serves on the Board of the Community Improvement Corporation of Gahanna as Treasurer.

Inspiring Women Podcast Series

This is THE podcast that advances women toward economic, social and political achievement. The show is hosted by Betty Collins, CPA; Betty is a Director at Brady Ware & Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware & Company, committed to empowering women to go their distance in the workplace and at home. For more information, go to the Resources page at Brady Ware & Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts. And forward our podcast along to other Inspiring Women in your life.

The complete Inspiring Women show archive can be found here.

Tagged With: Angel Investing, angel investment, Betty Collins, Brady Ware, Brianna McDonald, Inspiring Women podcast, Inspiring Women with Betty Collins, Keiretsu Forum

Jaime Taets, Keystone Group International

November 9, 2021 by John Ray

Keystone Group International
Minneapolis St. Paul Business Radio
Jaime Taets, Keystone Group International
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Jaime Taets

Jaime Taets, Keystone Group International (Minneapolis-St. Paul Business Radio, Episode 23)

Jaime Taets, CEO and Founder of Keystone Group International, shared valuable insights into what is happening in the current business climate. For the first time ever, Jaime noted in this conversation with host John Ray, four generations are in the workforce, and she offered insights on the youngest workers, Gen Z, which will surprise you.  She also defined what culture really is and a leader’s role in culture, talked about her new book and her podcast, and much more. Minneapolis-St. Paul Business Radio is produced virtually by the Minneapolis St. Paul studio of Business RadioX®.

Keystone Group International

After working in corporate America for over 13 years, our CEO & founder, Jaime Taets wanted to do something more impactful.

During a family vacation to Keystone, South Dakota, Jaime’s stress was at an all-time high. She wasn’t feeling fulfilled and knew there was something more she should be doing. In 2013, she left her corporate job and launched Keystone Group International, with the goal of leveraging her business experience to help entrepreneurial companies grow and thrive.

Building upon that goal, Keystone came to life as a partner that exists to transform the organizations and leaders they work with on every level. It is their purpose, and it is what gets them out of bed each morning.

Keystone will transform the way you work, the way you lead, the way you grow, and the way you succeed. This purpose influenced their core values—and they’re not just cool words on the website. They live and breathe these values every day.

Together, the Keystone team gives companies and individuals who are ready to change the tools and knowledge to achieve more than they thought they could.

Company website | LinkedIn | Facebook | Twitter

Jaime Taets, CEO and Founder of Keystone Group International

Jaime Taets
Jaime Taets, CEO and Founder, Keystone Group International

CEO, public speaker, author, podcast host, and thought leader… in every one of these roles, Jaime Taets helps people reach their potential. She isn’t afraid to have “get real” conversations about the things that often limit people from achieving success. Harnessing her own leadership experiences, she inspires frank and sometimes challenging discussions about the crossroads between high-performance and healthy change.

Jaime TaetsUltimately, her solution-focused insights help people go from stuck to success every day—at work, home, and in their personal lives. Jaime is CEO of Keystone International Group and a keynote speaker.

Jaime is also the host of the Superpower Success Podcast and author of You Are Here, Kickass Inspiration for Navigating Your Journey to Success.

She, her husband, and their four children live in Mound, Minnesota.

LinkedIn

Questions and Topics Discussed in this Episode

  • How are you seeing the business environment evolve over the past couple of years? What trends are you seeing in the business climate?
  • Tell us more about conscious leadership – what does that mean and how does it impact an organization?
  • Culture is something that feels very nebulous and complicated for most business leaders. What is your business’s approach to making it less ambiguous?
  • What are you seeing and what advice would you give to business leaders who are experiencing burnout in their teams and in themselves.
  • If a leader is listening, where do you suggest they start with the topics we discussed today?

Minneapolis-St. Paul Business Radio is hosted by John Ray and produced virtually from the Minneapolis St. Paul studio of Business RadioX® .  You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

Tagged With: Gen Z, Jaime Taets, John Ray, Keystone Group International, Leadership, Minneapolis St Paul Business Radio, Superpower Success Podcast, You Are Here

Dr. T. Ramon Stuart, President of Clayton State University

November 5, 2021 by John Ray

Clayton State University
North Fulton Business Radio
Dr. T. Ramon Stuart, President of Clayton State University
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Clayton State University

Dr. T. Ramon Stuart, President of Clayton State University (North Fulton Business Radio, Episode 409)

Dr. T. Ramon Stuart, recently installed as President of Clayton State University, joined host John Ray to offer his vision for Clayton State University, the students it serves, and the broader Laker Nation. Dr. Stuart also shared the inspiration for his education journey he received from his mother, some of the high points from his recent “State of the University” address, and much more.  North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Clayton State University

Clayton State University is a public university in Morrow, Georgia. Clayton State University is a part of the University System of Georgia. The campus is located fifteen minutes from Hartsfield-Jackson Atlanta International Airport. The University has 208 full-time faculty and 356 full-time staff.

The institution was founded in 1969 and was originally known as Clayton Junior College. When the school became a four-year institution in 1986, the institute took on the name Clayton State College. In 1996, the Georgia Board of Regents renamed many higher-ed institutions, with Clayton State becoming Clayton College & State University. In 2005, the name was changed to Clayton State University.

University Website | LinkedIn | Facebook | Twitter

Dr. T. Ramon Stuart, President, Clayton State University

Dr. T. Ramon Stuart, President, Clayton State University

Dr. T. Ramon Stuart assumed the role of Clayton State University’s fifth president on July 1, 2021. As the first African American to hold this position, Dr. Stuart joins the university after serving as the provost and vice president of Academic Affairs at Fort Valley State University (FVSU) in Fort Valley, Georgia.

During his six-year tenure at FVSU, Dr. Stuart led the academic colleges and degree programs, aspects of enrollment management such as retention, and other major administrative areas that included a sponsored research portfolio that was the fifth-largest among 26 institutions within the University System of Georgia (USG).

Under Dr. Stuart’s guidance, FVSU witnessed an average retention rate of 75%, increased enrollment, improved the graduation rate by 15% over a two-year period, and led the USG in the number of first-time, full-time freshmen who enrolled in at least 15 credit hours per semester.

Prior to joining FVSU, Dr. Stuart was a faculty member and administrator at West Virginia State University in Institute, West Virginia. His accomplishments there included developing an engineering 2+2 program, aiding in increasing retention by almost 10% over four academic years, serving on the self-study reaffirmation steering committee responsible for achieving a 10-year reaffirmation of accreditation, and helping to increase overall enrollment.

Dr. Stuart is known for his commitment to student success in the classroom and beyond. At the age of 24, he began teaching computer science at West Virginia State Community and Technical College also located in Institute, West Virginia. He excelled in this role and during his second year, peers named him Professor of the Year. Later that year they unanimously elected him to serve as the faculty senate president making him the youngest person to hold that position in the history of the institution. He held that post for two consecutive terms.

Raised in the small coal-mining town of Welch, West Virginia, Dr. Stuart realized at a very young age the transformative impact that education could have on one’s life, one’s family, and ultimately one’s community. That realization has been the driving force behind his motivation to provide opportunities for students to not only obtain their degrees but to excel in their chosen fields.

While serving at FVSU, Dr. Stuart secured over $4 million in grants and scholarship funding to reduce the cost of expenses for students and to help prepare them for careers in coveted STEM fields such as genome engineering, computational data science, and biotechnology.

Identifying the need for talent in the local multi-million dollar film industry and recognizing a shortage of financial technology professionals, Dr. Stuart developed minors in those fields to equip students with the skillsets needed to quickly fill voids in the workforce.

Committed to enhancing community partnerships, Dr. Stuart collaborated with Robins Air Force Base to develop an employment pipeline for students majoring in supply chain management; established an agreement with Georgia Power to create a 100-acre solar farm with a 9,000 square foot demonstration center that serves as a living laboratory for FVSU students and professors; fostered an articulation agreement with Grand Valley State University to offer an engineering transition program; developed 13 articulation agreements with Georgia Technical College System institutions; and worked with Atrium Health Navicent, Houston Healthcare and Phoebe Putney Hospitals to launch health science degrees.

In addition to enhancing their classroom experience, Dr. Stuart recognizes the value in providing students with mentorship and academic coaching to help them overcome challenges which lead to a 6.8% increase in the institution’s six-year graduation rate.

With a focus on the university’s strategic priorities, all steeped in the mission of providing an exceptional student experience, Dr. Stuart increased the number of full-time faculty by 20%, established training to help more than 50% of the university’s faculty develop online courses that met or exceeded Quality Matters requirements and created a Center for Teaching and Learning which increased the number of faculty development opportunities by 127%.

Dr. Stuart received his education in McDowell County Public Schools before going to West Virginia University where he earned undergraduate and graduate engineering degrees from the Benjamin M. Statler College of Engineering and Mineral Resources where he was a National Institute for Occupational Safety and Health Fellow. He later went on to earn his doctorate in higher education administration from the Gladys W. and David H. Patton College of Education at Ohio University where he was the institution’s first Southern Regional Education Board Fellow.

It was from his humble beginnings in McDowell County that Dr. Stuart learned the power of the words that reminds us that to whom much is given, much is expected. Those words stuck with him throughout the years and are at the root of his commitment to student success, in and out of the classroom.

Many who encounter Dr. Stuart quickly recognize his dedication to helping others to be their best selves. A true servant leader, Dr. Stuart embodies the American dream, the belief that regardless of where you are born, you can determine and attain your own version of success.

Dr. Stuart resides in south Atlanta with his wife Jamilah, a graduate of Howard University and general manager of a Hilton Hotel in Macon, Georgia, and their daughter, Kayleigh Grace.

LinkedIn

Questions and Topics Discussed in this Episode

  • Why did you choose to lead Clayton State University?
  • How does Clayton State aim to help students find solutions to challenges?
  • What did you learn in the listening journey of your first 100 days?
  • Give a sense of what you presented in your State of the University address.
  • Speak to how Clayton State has evolved since its beginning.
  • Talk about the students you serve.
  • How can businesses support the work of Clayton State University?

North Fulton Business Radio is hosted by John Ray, and broadcast and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

RenasantBank

 

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

 

Special thanks to A&S Culinary Concepts for their support of this edition of North Fulton Business Radio. A&S Culinary Concepts, based in Johns Creek, is an award-winning culinary studio, celebrated for corporate catering, corporate team building, Big Green Egg Boot Camps, and private group events. They also provide oven-ready, cooked from scratch meals to go they call “Let Us Cook for You.” To see their menus and events, go to their website or call 678-336-9196.

Tagged With: A&S Culinary Concepts, Clayton State University, Dr. T. Ramon Stuart, John Ray, North Fulton Business Radio, renasant bank, University

Dawn Cook Causey, DayBreak Enterprises, LLC

November 5, 2021 by John Ray

Dawn Cook Causey
North Fulton Business Radio
Dawn Cook Causey, DayBreak Enterprises, LLC
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Dawn Cook Causey

Dawn Cook Causey, DayBreak Enterprises, LLC (North Fulton Business Radio, Episode 408)

Executive coach Dawn Cook Causey joined host John Ray to define emotional intelligence (EQ) and explain why sharpening your EQ is so vital to business sucess. Dawn also offered practices for developing self-awareness, how she coaches her executive and business leader clients, and much more. She also shared a new e-book, Every Day is an Interview, which debuts soon.  North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

DayBreak Enterprises, LLC

DayBreak’s mission is to help organizations drive profits by developing their people.

They believe that better emotional intelligence (EQ) leads to better leaders which lead to better business performance. Research shows that leaders and teams with high EQ perform at a higher level, contribute to increased corporate earnings, enjoy higher morale and experience lower turnover. They like proving that research is accurate.

Although DayBreak is based in Alpharetta, Georgia and many of our clients are in Atlanta, we provide executive coaching and leadership development world-wide. Raising the bar for leadership has no limits.

DayBreak offers a variety of tools and assessments to enable you and your team to improve your success.

Developing your team drives business results by increasing skill and motivation. Superstar performance comes from individual contributors leveraging each other’s strengths in addition to their own.

Training your team to increase leadership skills will be six times more effective when it is supported by a strong framework that includes laser-focused objectives, highly engaging content and management-supported follow-up.

Dawn assists clients, teams, and organizations in increasing self-awareness, self-management, social awareness and relationship management so they are EQuipped to bring about change in themselves and their organizations.

Company website | LinkedIn | Instagram

Dawn Cook Causey, Executive Coach, DayBreak Enterprises, LLC

Dawn Cook Causey, Executive Coach, DayBreak Enterprises, LLC

Dawn Cook Causey is an Executive Coach working with leaders and teams to improve their leadership bench strength, increase the speed/reduce cost of doing business through better work relationships and deliver better results.

Her mission is to help organizations drive profits by developing their people. Better emotional intelligence (EQ) means better leaders which means better business performance. Research shows that leaders and teams with high EQ perform at a higher level, contribute to increased corporate earnings, enjoy higher morale and experience lower turnover. She likes proving that research time and time again. Those ‘touchy feely’ competencies are touching and feeling bottom lines everywhere.

Dawn helps leaders who are intellectually bright and technically strong, yet struggle to maximize their own or their team’s potential because they fail to maximize the power of emotions. Her ideal client is the one who is as passionate about developing themselves as she is about helping them do it. She has an excellent track record helping leaders who need to better balance their strong, results-oriented nature with leveraging relationships.

If you or your executives are in any of these positions, Dawn can help you:

– Executive who blew the doors off their competition and rose quickly to the top, but now having to manage and motivate others is a challenge,

– Chief Information Officer responsible for technical types with ‘black and white’ thinking who need their communication styles to be as scalable and efficient as their enterprise solutions,

– Chief Engineering Officer who recognizes that their engineers need to design a better system for relating to non-engineering folks, or

– VP of Human Resources looking for ways to impact the bottom line through higher employee engagement and morale, lower turnover and recruiting costs,

LinkedIn

Questions and Topics Discussed in this Episode

  • There are lots of coaches out there, we’ve interviewed several on this show. What is your niche or what makes you unique?
  • How did you get into coaching? What’s your journey?
  • Who do you coach? Describe your clients and the types of things you coach with them on.
  • In your bio, you say your motto is, “It’s your choice. Make it count.” Tell me about that.
  • And how does making a choice tie to emotional intelligence, since that is your specialty?
  • Can you give us an example of how you’ve worked with a client to make better choices?
  • You call yourself an Executive Coach. Do you ever do Life Coaching?
  • How has the pandemic affected your coaching business?
  • How can people connect with you if they want to start making better, more emotionally intelligent choices?

North Fulton Business Radio is hosted by John Ray, and broadcast and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

RenasantBank

 

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

 

Special thanks to A&S Culinary Concepts for their support of this edition of North Fulton Business Radio. A&S Culinary Concepts, based in Johns Creek, is an award-winning culinary studio, celebrated for corporate catering, corporate team building, Big Green Egg Boot Camps, and private group events. They also provide oven-ready, cooked from scratch meals to go they call “Let Us Cook for You.” To see their menus and events, go to their website or call 678-336-9196.

Tagged With: A&S Culinary Concepts, Dawn Cook Causey, DayBreak Enterprises, emotional intelligence, EQ, executive coach, executive coaching, John Ray, Life Coach, North Fulton Business Radio, renasant bank, self-awareness

Employee Embezzlement

November 5, 2021 by John Ray

EmployeeEmbezzlementDLREpisode24Album
Dental Law Radio
Employee Embezzlement
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EmployeeEmbezzlementDLREpisode24Album

Employee Embezzlement (Dental Law Radio, Episode 24)

While industry statistics indicate about 40% of all dental practices are embezzled, Stuart Oberman believes the actual number is 60% or more, based on his work with clients and his conversations with other industry experts. So what are the most common employee embezzlement schemes, and how do you protect your practice? Stuart has answers in this episode. Dental Law Radio is underwritten and presented by Oberman Law Firm and produced by the North Fulton studio of Business RadioX®.

TRANSCRIPT

Intro: [00:00:02] Broadcasting from the Business RadioX Studios in Atlanta, it’s time for Dental Law Radio. Dental Law Radio is brought to you by Oberman Law Firm, a leading dental-centric law firm, serving dental clients on a local, regional and national basis. Now, here’s your host, Stuart Oberman.

Stuart Oberman: [00:00:26] Hello, everyone, and welcome to Dental Law Radio. Today’s topic is not a pleasant topic, but we are seeing a rise. Now, I have not talked about this topic in probably a couple of years because there has not been a necessarily need to but now it is rearing its ugly head.

Stuart Oberman: [00:00:48] Employee embezzlement. That’s right, folks. Employee embezzlement. And, the reason why I have not talked about this in a couple of years is because [inaudible] COVID-19. Our guys got hit number-wise. But we’re seeing an enormous rebound in our practices. Many, many, many of our practices, I’m going to say about 80% of our dental practices, had a record year. They’re busy. They’re having staff problems. They can’t keep up with the work. And, what happens is they’re simply losing track of what in the world they’re doing internally. I don’t have any other, I had no other explanation for it, is that they have no idea and can’t keep track what they’re doing internally.

Stuart Oberman: [00:01:33] So, employee embezzlement, and I will make this general statement. If you think your employees are not stealing from you, you are grossly mistaken. I’m going to give you some statistics, then I’m going to give you sort of what I think the real world is. Statistically, 40% of all dental practices are going to be embezzled, 40%. I’m going to tell you right now I believe it’s 60 to 70%. From what I’m seeing, from what I discover, when I talk to our consultants and industry experts, it’s about 60%. So, the average embezzlement statistically is about $110,000.

Stuart Oberman: [00:02:18] Now, I will tell you that statistically our average embezzlement that we handle is about 200,000 and has actually gone up to $500,000. Folks, if you don’t know where $500,000 is going, you’ve got a huge problem. You got a huge, huge problem.

Stuart Oberman: [00:02:46] So, the question is, you know, how, again, this is a relatively short podcast. This is a two-day seminar on the how’s, the why’s, the what’s, the reasons, and what you are not doing for employee embezzlement.

Stuart Oberman: [00:03:04] So, let’s take a look at some basic things here, without getting into white-collar crime to a great extent, numerous ways employees may embezzle. Take petty cash, [inaudible] you just shouldn’t have, you just shouldn’t have cash laying around. Altering deposit statements, where your deposit ticket is going. Do you even know what is being deposited in the bank?

Stuart Oberman: [00:03:32] Practice writing checks. Your practice writing checks for personal expenses. Your employees are paying their own credit cards with your money. Your office manager is writing fictitious invoices and diverting payments. And, let me tell you this, I will not give this speech, this podcast, this information to any organization that has dental office managers in it. Because that’s, I’m going to go very broad on this statement, but that is where most of the embezzlement is taking place on the management side because of the trust. So, I am not going to give this speech to that kind of audience.

Stuart Oberman: [00:04:21] So, you got phony bank accounts in a practice name and diverting payments, issuing fake refunds and taking refunds, paying their own medical expenses, bills, labs, supplies, drugs under the patient’s name. Do you even know what is being issued check-wise? So, those are just a few scenarios.

Stuart Oberman: [00:04:47] So, you know, how do you prevent this? You got to have a system in place. First and foremost, you have to have a system in place. The days are gone where you’re just running willy-nilly, you’re not paying attention and you’re trusting everyone under the sun that they’re not going to steal you blind.

Stuart Oberman: [00:05:08] So, how do you prevent it? First and foremost, you’ve got to screen your employees. In today’s world, in today’s tight labor market, our doctors are hiring bodies. Now, there are some agencies that will allow you to post for employment. Our doctors will go on those websites. And, I will guarantee you that if you pick 10 names today, and in a year you go back and say, I wonder what those employees are doing. Probably a good percent of them are going to be back looking for a job because our doctors don’t screen employees. They don’t have a hiring package. They don’t do background checks, which you have to have. For $100, your life can be very, very easy as far as background checks. They don’t check credit references. That’s a whole another area of fraud. You don’t verify information.

Stuart Oberman: [00:06:14] Good friend of mine has a recruiting agency for dental staffing. Amazing statistic, 70% of all application information, résumés are fraudulent. Seventy. You got to have procedures in place. You’ve got to implement internal controls. That’s going to vary practice to practice. But I would urge you to take a look at your system.

Stuart Oberman: [00:06:44] So, how do we prevent this? One thing you have to start doing is you’ve got to encourage employees and mandate employees to take days off for vacation because what happens is employees who are embezzling do not want to take time off because that’s where problems develop. They don’t take vacation days because that’s when problems develop. That’s when it seems to hit the proverbial fan if you will.

Stuart Oberman: [00:07:10] Rotate jobs among your employees. You want to cross-reference job descriptions. You want to have multiple people. Now, you’re going to have everyone under the sun have access to confidential information, your financials for sure, but cross-train. Enforce your regular hours. Why in the world is a team member in your office coming in at 6:00 in the morning and leaving 9 o’clock at night on a Friday or Monday through Thursday? And, why is your employee coming in on Saturdays and Sundays? And, are you checking your alarms for access? Are you checking your logs? Who’s coming in, who’s coming out? You may want to cross-reference and divide your financial responsibilities.

Stuart Oberman: [00:07:58] For goodness sakes, check your bank statements. If you are a solo practitioner, recommendation would be to have those sent to your home. After you look at them, then you could give them to the team member, or if you’re a small practice, you’re the sole owner, maybe multiple locations, have them sent to your house or your P.O. Box.

Stuart Oberman: [00:08:19] I said before eliminate petty cash. So, we could just question, you know, Stuart, you know, how do we know? What are the signs that employees may be embezzling? Flag giveaway. Failure to receive financial information in a timely manner. Let me tell you this. It’s not your employees are too busy, they don’t want to give you information. You’re asking, you’re asking and you’re asking for information, you’re not getting it. There’s a really good reason why in the world you are not getting your financials.

Stuart Oberman: [00:08:53] Employees resist change to an accounting system. Bingo. Accountability. We run into this a lot when our younger doctors who are all tech, all tech, are buying well-established practices who are not as tech. The well-established employees in those practices are kicking and screaming to change the accounting system. Why? It’s not because they don’t like you. It’s because they’re stealing their doctor blind.

Stuart Oberman: [00:09:30] Unexplained accounting adjustments. Let me tell you this. You better check, you better audit your files once a month. I don’t care if it’s 25 or 50. You better understand adjustments. Why are adjustments being made or do we make it for? Is it because Aunt Sarah was a great customer or is it because your employee, the front desk, is stealing you blind by adjustments?

Stuart Oberman: [00:09:55] In today’s world we used to say, well, you know, our collections have slowed if you’re drilling and feeling like no tomorrow, and all of a sudden you’re figuring out where your revenue’s at. Your billing cycle is good, you’ve got a huge problem.

Stuart Oberman: [00:10:10] So, what do you do? What do you do? What do you do? What do you do? First and foremost, you never, ever, ever confront the employee. You’re going to say, are you stealing from me? What are they going to say? Yes, I’m stealing you blind. So, you never confront the employee. First and foremost, hire a counselor who understands employee embezzlement on the dental side. And then, get a forensic accountant that understands auditing, that understands the Dentrix, that now understands open-source systems under today’s technology world. Do they understand the software? Do they understand Eaglesoft? So, those are just things you have to keep in mind.

Stuart Oberman: [00:11:00] Spot audit if you suspect there’s employee embezzlement. Take 25, take 30 files. Audit those files like there’s no tomorrow. Where’s the money going? Where’s the money staying? Is it coming into credit card accounts? Do you even know where your money is going? Are you looking at your EOBs? Are you reconciling your day sheets, your credit cards? What are you doing? How are you looking at it?

Stuart Oberman: [00:11:24] I will tell you, your CPA has absolutely no clue regarding embezzlement. If you think that you’re relying on your CPA to catch your embezzlement, you are grossly and sadly mistaken. Your CPA, on average the general CPA that does dental work has absolutely no clue regarding employee embezzlement or how to handle it.

Stuart Oberman: [00:11:48] So, what do you do? First and foremost, again, obtain legal counsel. Get a strategy. Work with an outside CPA or on a forensic audit. Figure out what you have, what you don’t have, and then confront. If you suspect embezzlement, everyone in your office is in play including, I’m going to say this and I’m sorry ladies and gentlemen, but your spouses. Your spouses. That is right, your spouse.

Stuart Oberman: [00:12:19] I will never forget. One of our doctors was missing about 60 to $80,000 in funds. Come to find out, the doctor was having an affair and the wife was stealing off the top to build a war chest for divorce. And then, that’s where our doctor’s 60 to $80,000 went. You can’t buy this information. So, everyone is in play, including your partners, spouses, partner’s spouses, the longtime assistants. You cannot believe who will be stealing from you.

Stuart Oberman: [00:13:00] So, overall, if you suspect that there is employee embezzlement, chances are you’re probably correct. Start with an internal audit. Start with what don’t I know. Get help immediately. Get access to information quickly. And then, formulate a game plan before you confront the employee who’s never ever in their life going to tell you, yeah, I’m stealing you blind.

Stuart Oberman: [00:13:33] And, if you think for one second that your local police department is going to help you recover 2 or $300,000, guess again. One, they’re under enormous pressure. Our police departments on a local level are under enormous pressure. They’re understaffed. During a working environment that I’ve never seen before in my life, they’re dealing with gangs, murderers, rapists, large-time thieves. Do you think they, I’m not going to say they don’t care but they don’t have the time to worry about a dentist who’s had a couple of $100,000 stolen from them.

Stuart Oberman: [00:14:19] So, again, it’s a five-hour broadcast that I could talk with all day. Take a look at what you have. If you suspect you have embezzlement, your gut instinct is probably right. Take the steps on what you need to do to get it under control and move forward.

Stuart Oberman: [00:14:36] Folks, thank you very much for joining the podcast on employee embezzlement. If you have any questions or concerns, please feel free to give us a call, Oberman Law Firm. My name is Stuart Oberman, 770-886-2400, or email me at stuart, S-T-U-A-R-T, @obermanlaw.com. Thanks for joining us and have a fantastic day.

 

About Dental Law Radio

Hosted by Stuart Oberman, a nationally recognized authority in dental law, Dental Law Radio covers legal, business, and other operating issues and topics of vital concern to dentists and dental practice owners. 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.

Stuart Oberman, Oberman Law Firm

Oberman Law Firm
Stuart Oberman, host of “Dental Law Radio”

Stuart Oberman is the founder and President of Oberman Law Firm. Mr. Oberman graduated from Urbana University and received his law degree from John Marshall Law School. Mr. Oberman has been practicing law for over 25 years, and before going into private practice, Mr. Oberman was in-house counsel for a Fortune 500 Company. Mr. Oberman is widely regarded as the go-to attorney in the area of Dental Law, which includes DSO formation, corporate business structures, mergers and acquisitions, regulatory compliance, advertising regulations, HIPAA, Compliance, and employment law regulations that affect dental practices.

In addition, Mr. Oberman’s expertise in the health care industry includes advising clients in the complex regulatory landscape as it relates to telehealth and telemedicine, including compliance of corporate structures, third-party reimbursement, contract negotiations, technology, health care fraud and abuse law (Anti-Kickback Statute and the State Law), professional liability risk management, federal and state regulations.

As the long-term care industry evolves, Mr. Oberman has the knowledge and experience to guide clients in the long-term care sector with respect to corporate and regulatory matters, assisted living facilities, continuing care retirement communities (CCRCs). In addition, Mr. Oberman’s practice also focuses on health care facility acquisitions and other changes of ownership, as well as related licensure and Medicare/Medicaid certification matters, CCRC registrations, long-term care/skilled nursing facility management, operating agreements, assisted living licensure matters, and health care joint ventures.

In addition to his expertise in the health care industry, Mr. Oberman has a nationwide practice that focuses on all facets of contractual disputes, including corporate governance, fiduciary duty, trade secrets, unfair competition, covenants not to compete, trademark and copyright infringement, fraud, and deceptive trade practices, and other business-related matters. Mr. Oberman also represents clients throughout the United States in a wide range of practice areas, including mergers & acquisitions, partnership agreements, commercial real estate, entity formation, employment law, commercial leasing, intellectual property, and HIPAA/OSHA compliance.

Mr. Oberman is a national lecturer and has published articles in the U.S. and Canada.

LinkedIn

Oberman Law Firm

Oberman Law Firm has a long history of civic service, noted national, regional, and local clients, and stands among the Southeast’s eminent and fast-growing full-service law firms. Oberman Law Firm’s areas of practice include Business Planning, Commercial & Technology Transactions, Corporate, Employment & Labor, Estate Planning, Health Care, Intellectual Property, Litigation, Privacy & Data Security, and Real Estate.

By meeting their client’s goals and becoming a trusted partner and advocate for our clients, their attorneys are recognized as legal go-getters who provide value-added service. Their attorneys understand that in a rapidly changing legal market, clients have new expectations, constantly evolving choices, and operate in an environment of heightened reputational and commercial risk.

Oberman Law Firm’s strength is its ability to solve complex legal problems by collaborating across borders and practice areas.

Connect with Oberman Law Firm:

Company website | LinkedIn | Twitter

Tagged With: Dental Law Radio, dental practice management, dental practices, embezzlement, Employee Embezzlement, employee theft, Oberman Law Firm, Stuart Oberman

Tammy Wolcott, LBMC W Squared

November 4, 2021 by John Ray

LBMC W Squared Tammy Wolcott
Nashville Business Radio
Tammy Wolcott, LBMC W Squared
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Tammy WolcottTammy Wolcott, LBMC W Squared (Nashville Business Radio, Episode 36)

Tammy Wolcott and her sister founded W Squared sixteen years ago to offer fractional business process services. Now as a part of LBMC, the firm provides an integrated financial, accounting, and procurement suite of services which cure back-office headaches and support the growth needs of a wide range of small to medium-sized companies. Tammy joined host John Ray to discuss her passion for her work, client success stories, how she and her LBMC W Squared team work with clients, and much more. Nashville Business Radio is produced virtually from the Nashville studio of Business RadioX®.

LBMC W Squared

LBMC is a Forbes Best Accounting Firm and Accounting Today Top 50 Firm in the nation serving approximately 10,000 clients with diverse needs across a spectrum of industries. Named a 2021 Best Workplace in Consulting & Professional Services, LBMC has more than 750 team members, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, TN, and Charlotte, NC.

At W Squared, they take a collaborative, goal-oriented approach to work with you and your business. They want to be a cornerstone for their clients’ success by partnering to deliver optimal integrated solutions for accounting, finance, and procurement, that provide scalability, efficiency, and value.

Whether you are a start-up looking for a speedy solution or an established business concerned with the impact of growth on internal culture, W Squared offers a comprehensive, blended solution from the top down—from strategy and leadership to simple transactions.

With an appreciation of the importance of sensitivity, assimilation and seamless integration, W Squared takes the posture of your organization and behaves as an internal department, not an external consultant. Their relationships are built on trust and focus on definitive outcomes rather than mere recommendations. Through a collaborative, goal-oriented approach, they mobilize and energize companies of all types and sizes – from start-ups to enterprise organizations.

The W Squared model of business process partnering continues to be borne out with repeat customers and a strong track record over a range of industries, including healthcare services, technology, medical devices, retail, social media, and SAAS. Success breeds success, and they are constantly proving it.

Company website

Tammy Wolcott, Chief Executive Officer, LBMC W Squared

Tammy Wolcott, Chief Executive Officer, LBMC W Squared

Tammy Wolcott co-founded W Squared in 2005, which became part of the LBMC Family of Companies through acquisition in 2017. Tammy currently serves as President and Chief Executive Officer of LBMC W Squared, growing the company and providing guidance to all of the core infrastructure service offerings with particular emphasis on Finance, Accounting and Procurement. LBMC W Squared leverages scalable Finance & Accounting systems, people, and processes typically in place for large companies in a fractional outsourced model for small to medium-sized businesses. LBMC and W Squared have been recognized with multiple awards, including the Chamber of Commerce Future 50, Nashville Entrepreneur of the Year Finalist, Best in Business Finalist and Inc. Magazine’s fastest-growing private companies.

Prior to founding W Squared, Tammy served as Vice President, Corporate Controller and Treasurer of CHD Meridian Healthcare (predecessor to the Take Care division of Walgreens). During her six years with the company, she was responsible for the Corporate Finance function as it grew to over $200M in revenue. Her responsibilities included consolidation of 36 legal entities, management of required reporting for senior lenders, oversight of centralized payroll for 1,800 employees, management of the company’s cash concentration and investment strategies, and the integration of internal processes to provide improved cash flow and efficient use of personnel. Tammy was also responsible for establishing both internal management reports and external public reports to comply with SEC guidelines and the review of internal controls and processes to comply with the Sarbannes-Oxley Act.

Before joining CHD Meridian Healthcare, Tammy served as National Director of Human Resources and as Assistant Controller Surgical Care Affiliates, Inc. and was instrumental in growing the company from three to 60 surgery centers during her nine-year tenure. Tammy played a key role in standardizing the accounting process and training for business managers, developing a consolidated cash management program, and creating a national benefits program for 1,500 employees.

Tammy has served on the Board of the Nashville Healthcare Council, the Board of Visitors for the Lipscomb University College of Business, the Harpeth Hall School Board of Directors and has been a presenter/panelist at business and start-up company forums with the Nashville Entrepreneur Center, Smart Business Dealmakers, the Social Enterprise Alliance, Baker Donelson, Vanderbilt University Owen Graduate School of Management and Lipscomb University College of Business.

A Nashville native, Tammy graduated from the Harpeth Hall School, attended the University of North Carolina–Chapel Hill and received her BS in Accounting from the University of Tennessee. Her charity passions include Nations Ministry which assists refugee families in Nashville, Warner Parks, the Land Trust for Tennessee and the Harpeth Hall School. She currently works with On the Avenue which provides job training in the arts and creative endeavors to people with disabilities.

LinkedIn

Nashville Business Radio is hosted by John Ray and produced virtually from the Nashville studio of Business RadioX®.  You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

Tagged With: business processes, LBMC, Nashville, Nashville Business Radio, outsourced accounting services, outsourced administrative services, procurement services, Tammy Wolcott, W Squared, W Squared and Procurement Solutions

Toseima Jiles, Creative Arts International, Inc.

November 4, 2021 by John Ray

Toseima Jiles
North Fulton Business Radio
Toseima Jiles, Creative Arts International, Inc.
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Toseima Jiles

Toseima Jiles, Creative Arts International, Inc. (North Fulton Business Radio, Episode 407)

Creative Arts International, Inc., founded by Toseima Jiles, brings performing arts to companies for team-building and strengthening company culture. Toseima joined host John Ray in the studio to discuss her journey, her business consulting practice, the need for arts to support people and business, her work in the community with children who have experienced abuse, and much more. North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Creative Arts International, Inc.

Creative Arts International is an arts consulting firm founded by Toseima Jiles. They use performing art alongside business consulting to help companies improve not only the lives of their employees but their bottom line as well. CAI starts with a discovery process and applies art processes, coaching, and training to meet the client’s goals.

Company website | LinkedIn | Instagram

Toseima Jiles, Consultant, Creative Arts International, Inc.

Toseima Jiles, Consultant, Creative Arts International, Inc.

Toseima Jiles is the Master Consultant with Creative Arts International Inc. and has been a lover of the arts her entire life. For over 27 years, she has dedicated her life to the love of the arts and alongside the pursuit of that passion, business development consulting has comfortably landed as her business equivalent of ‘Beyonce’ and ‘Sasha Fierce’. She has accepted the fact that providing the experience of both has afforded a great opportunity to impact the lives of people in an authentic and unique way.

As with most people in the world, since the impact of COVID 19, recent events have forced a closer evaluation of ‘why’ in life and that inevitably allows the most essential answers to lead the Creative Arts Consulting team forward. Teaching performing arts alongside business consulting for nearly three decades has been more enriching than could ever have been imagined.

Hundreds of companies over the years have been helped, consulted, and inspired to produce more tangible results within their goals and that is truly what it’s all about.

 

LinkedIn

Questions and Topics Discussed in this Episode

  • How did Creative Arts International Inc. come to be?
  • What makes your consulting firm unique?
  • Describe a typical Arts Consulting Service in your firm.
  • Describe a typical Business Consulting Service in your firm.
  • What is the most creative thing you have done for a client?
  • What is your greatest success story as a consulting business?
  • Why is community involvement so meaningful to you?
  • Where can people learn about events, partnerships, and ways to connect?

North Fulton Business Radio is hosted by John Ray, and broadcast and produced from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta. You can find the full archive of shows by following this link. The show is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, Amazon, iHeart Radio, Stitcher, TuneIn, and others.

RenasantBank

 

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has grown to become one of the Southeast’s strongest financial institutions with over $13 billion in assets and more than 190 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida. All of Renasant’s success stems from each of their banker’s commitment to investing in their communities as a way of better understanding the people they serve. At Renasant Bank, they understand you because they work and live alongside you every day.

 

Special thanks to A&S Culinary Concepts for their support of this edition of North Fulton Business Radio. A&S Culinary Concepts, based in Johns Creek, is an award-winning culinary studio, celebrated for corporate catering, corporate team building, Big Green Egg Boot Camps, and private group events. They also provide oven-ready, cooked from scratch meals to go they call “Let Us Cook for You.” To see their menus and events, go to their website or call 678-336-9196.

Tagged With: A&S Culinary Concepts, Aflac, arts consulting, Creative Arts International, John Ray, North Fulton Business Radio, renasant bank, Toseima Jiles

Decision Vision Episode 141: Should I Hire a Copywriter? – An Interview with Maria Constantine, Mindmaven

November 4, 2021 by John Ray

Copywriter
Decision Vision
Decision Vision Episode 141: Should I Hire a Copywriter? - An Interview with Maria Constantine, Mindmaven
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Copywriter

Decision Vision Episode 141:  Should I Hire a Copywriter? – An Interview with Maria Constantine, Mindmaven

Knowing how a copywriter can help you, Maria Constantine notes, is the first step in deciding whether to hire one or not.  Copywriters make business communications easier, more effective, and build relationships through the emails and marketing pieces they write. Maria discussed with host Mike Blake how a copywriter enhances a brand presence, how they write in a client’s “voice,” how hiring one frees up the client’s time, when to hire a copywriter with a particular expertise, how to know whether they’re good at what they do, and much more.  Decision Vision is presented by Brady Ware & Company.

Mindmaven

Mindmaven is an executive coaching firm that’s spent the last 12+ years working with 100’s of leaders at companies like Reddit, Thumbtack, and Roblox, as well as heavy hitters in the tech startup world such as Sequoia Capital, Andreessen Horowitz, Benchmark, and First Round Capital.

Mindmaven helps leaders drive greatness by unleashing three key executive superpowers: Leverage, Intent, and Fellowship. With Leverage, you’ll free up 8-10 hours of your time each week by fundamentally changing how you work with your EA/Chief of Staff. With Intent, you can become more proactive and highly focused on growth, mastery, and the things that matter most. With Fellowship, you’ll learn how to build an irrationally loyal following of people (both within your company and greater network).

Company website | Twitter

Maria Constantine, Head of Educational Partnerships & Programs, Mindmaven

Maria Constantine, Head of Educational Partnerships & Programs, Mindmaven

Maria Constantine is an educator turned marketing generalist with a background in ed tech, entrepreneurship, and copywriting. As the Head of Educational Partnerships & Programs for Mindmaven, Maria partners with CEO peer groups and organizations to host educational workshops on how to free up 8+ hours/week—through reimagining the role of an EA—and how to become a leader people are proud to follow.

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 and broadcast by 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 decision. 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: [00:00:23] 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 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 a director at Brady Ware & Company, a full-service accounting firm based in Dayton, Ohio, with offices in Dayton; Columbus, Ohio; Richmond, Indiana; and Alpharetta, Georgia. My practice specializes in providing fact-based strategic and risk management advice to clients that are buying, selling, or growing the value of companies and intellectual property. Brady Ware is sponsoring this podcast, which is being recorded in Atlanta per social distancing protocols.

Mike Blake: [00:01:12] 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 @unblakeable on Facebook, Twitter, Clubhouse, and Instagram. If you like this podcast, please subscribe on your favorite podcast aggregator and please consider leaving a review of the podcast as well.

Mike Blake: [00:01:31] Today’s topic is, Should I hire a copywriter? According to statistics published by Real Business – and I have no idea, by the way, how real Real Business is or not, but it sounds good. And it’s on the internet, so what could possibly go wrong? – 59 percent of people would actually avoid buying from a company who made obvious spelling or grammar mistakes in their copy. Which, I can understand. That sort of drives me crazy as well.

Mike Blake: [00:01:56] And I think many firms are faced with a decision as to whether or not they should hire a copywriter because writing has actually taken on a much greater level of importance. I think that it ever has in human history. And this is with all due respect to LinkedIn videos, and YouTube, and everything else, and videos out there, certainly, is an important platform.

Mike Blake: [00:02:25] But there’s so much written content out there and everybody now has connection and access to a global marketplace and a global audience that, you know, I’m old enough where I can remember my first emails were written on a digital emulated VT100 VAX terminal in the bottom of a computer science lab that I had to get special permission to use. And back then, email was pretty easy, right? Nobody is ever going to see it. We didn’t know yet that all caps meant that you were shouting at people. In fact, I think our terminal didn’t even have a caps button. Everything was all caps.

Mike Blake: [00:03:10] And, now, we’re in a world that has exploded where, whether we realize it or not, we’re writing all the time. We don’t do phone calls nearly as much as we do. We text. The only way I can communicate nowadays with my 19 year old son, I try to actually talk to him in a real conversation or have him pick up the phone. Forget it. He’s had a phone for five years. I don’t even think he’s set up his voicemail, so I know that that’s not a winning proposition. But if I send him a text, I’ll get something right back.

Mike Blake: [00:03:41] So, whether it’s texting, whether it’s social media, whether it’s newsletters – and we’ve had an episode not long ago about whether you should have a newsletter – writing is just so endemic now. And I think there’s some real questions as to whether we, as decision makers, should be writing as much as we are. Is it a good use of our time? Are we qualified to write on behalf of our companies our information ourselves?

Mike Blake: [00:04:14] And if you want to exhibit A as to the cautionary tale, look no further than the National Football League. We’re seeing ten-year-old emails that are being dug up, in really only tangentially related legal matter that have so far gotten a National Football League coach fired. And are now having Congress calling to potentially subpoena – I don’t know the legal grounds, I’m no lawyer – basically, years of emails involving the Washington Football Team.

Mike Blake: [00:04:45] And so, writing is just more important than I think, frankly, it’s ever been when you think about it. And because it’s so important, the question really boils down to, can we afford to to leave writing to amateurs like ourselves?

Mike Blake: [00:05:04] And joining us today to help us understand this question and talk about it is Maria Constantine, who’s head of Educational Partnerships and Programs for Mindmaven, and has also been a freelance copywriter for the past, nearly, seven years.

Mike Blake: [00:05:20] Maria is an educator turned marketing generalist with a background in educational technology, and entrepreneurship, and, of course, copywriting. Maria partners with chief executive officers, peer groups, and organizations to host educational workshops on how to free eight or more hours per week through reimagining the role of an executive assistant and how to become a leader people are proud to follow.

Mike Blake: [00:05:45] Mindmaven is an executive coaching firm that has spent the last 12 plus years working with hundreds of leaders at companies like Reddit, Thumbtack, and Roblox, as well as heavy hitters in the tech startup world such as Sequoia Capital, Andreessen Horowitz, Benchmark, and First Round Capital.

Mike Blake: [00:06:03] Mindmaven helps leaders drive greatness by unleashing three key executive superpowers: leverage, intent, and fellowship. With leverage, you’ll free up eight to ten hours of your time each week by fundamentally changing how you work with your chief of staff. With intent, you can become more proactive and highly focused on growth mastering the things that matter most. And with fellowship, you learn how to build an irrationally loyal following of people both within your company and greater network. Maria, welcome to the program.

Maria Constantine: [00:06:33] Thank you, Mike. It’s wonderful to be here.

Mike Blake: [00:06:36] So, let’s start off because it may not be obvious to everybody in the audience. What exactly is a copywriter? And what do people like you and your copywriting persona, what do you guys do?

Maria Constantine: [00:06:51] Yeah. The best way I can describe what a copywriter does is by giving you a little story. So, first of all, a copywriter, I would say, is to words, as a master painter is to paint. They can take the most basic, most regular, even most boring ideas and turn them into something that’s compelling, something that is a masterpiece.

Maria Constantine: [00:07:14] As I was thinking about this podcast, it’s really interesting, actually, just this week, I bought a bed frame from a company that I used a couple of years back, probably about six years ago now. And when I was looking for this bed frame that I just bought this week, I remembered this company from six years ago. Because when I ordered from them the first time, I got this welcome packet along with the bed frame. The bed frame was great, by the way.

Maria Constantine: [00:07:40] But what stuck out to me was the welcome packet, because the copywriter who created this welcome packet invited themselves into my life. They congratulated me on this piece that was turning a house into a home. They made me feel like they were a friend that knew me that was part of this journey with me. It was a little bit cheeky. There were some puns in there. I laughed. I took pictures of it and sent it to my friends.

Maria Constantine: [00:08:08] And this connection that I had with this person I’ll never meet and never know who wrote that is exactly why, six years later, when I was comparing models and I could go with the same company that I went with six years ago or a new company that had a cheaper bed frame – exactly the same, but cheaper – I went with the more expensive bed frame because I love these people. I feel like they’re part of my home buying journey. And that right there is the magic of a copywriter.

Mike Blake: [00:08:38] So, do copywriters only serve marketing needs? Or are there other needs that copywriters serve?

Maria Constantine: [00:08:45] That’s a great question. So, of course, typically they work in marketing but, especially in Mindmaven, we think about copywriting pretty uniquely. We have this role called an engagement manager, which is like an executive assistant, but upgraded, who works to support the office of the CEO, but also can work with a leadership team to actually increase how many opportunities come from the leadership’s network.

Maria Constantine: [00:09:16] So, if you think about it, every time you send an email, you’re building a relationship with someone, right? So, a copywriter can help actually craft that email for you – or with you, rather. We do something where we’ll have the executive dictate an email, so it’s still a genuine expression of what they’re doing, it’s still coming from them. But then, you have an engagement manager who often has some kind of copywriting experience come in and wordsmith that to really bring an extra level of intention and help the exact to really connect with people in a meaningful way. So, that’s another way that a copywriter can support a business.

Maria Constantine: [00:09:56] Also, copywriters can help sales teams. They can help you craft outreach emails or follow up emails. And even social media is under marketing, but it’s not. Sometimes there’s actually an overlap between customer service and social media. That was something I did in one of my jobs where my role was a social media manager. But a lot of times, I just spent a lot of time writing answers to customers. People would ask us questions, I would answer, but then also engage with them to, again, try to form that relationship with them. So, there’s a lot of different ways that a copywriter can support a business.

Mike Blake: [00:10:37] Yeah. You know, it occurred to me that we see, of course, the gaffe email that a company sends out. But I think the most damaging internal communications, not just emails, are ones that are internal because they don’t see the light of day, they aren’t intended to see the light of day. And, therefore, I wonder if sometimes the authors feel a little bit more careless about them. But that internal email or internal communication can be disastrous. It can be demoralizing. It can set you up for liability. It can undermine your brand. The wrong communication can send, like, five very valuable people over to indeed.com looking for their next job, right?

Maria Constantine: [00:11:35] Yeah. Absolutely.

Mike Blake: [00:11:38] And so, you know, it just gets back to at least my point – I want to pat myself in the back – it does go back to the point where we’re just writing so pervasive. And so pervasive, we don’t even think about it. And when you don’t think about it, that’s when you get killed.

Maria Constantine: [00:11:54] Yeah. Yeah. Absolutely. And actually this is the concept of good to great. That’s something that a lot of people are familiar with. One area where leaders can really shine is in their personal communications. When you send an email, you can be the person who sends two liners that are quick, short to the point, not a lot of fluff. Maybe as a follow up email to someone that you’ve met with, you want to just kind of quick grab the things that you both agreed on, you throw it into an email, you send that out.

Maria Constantine: [00:12:27] Or you can spend 30 extra seconds wordsmithing that with the support of a copywriter. And then, you leave this impact on the person you’ve met with where, again, it’s the relationship building. They’re going to feel like, “Wow. I really like this person. I’m walking away from this meeting feeling really good about this.” And a lot of that is because you took 30 extra seconds on the follow up email that you sent them.

Mike Blake: [00:12:55] So, what are some signs that a company could see that would lead them to the conversation or the question, “Hey, maybe you need to think about hiring a copywriter? What are the warning signs?”

Maria Constantine: [00:13:07] Yeah. I would say a big thing is, if your leadership team, if you are the CEO, or in the senior leadership team, and you spend more than 20 minutes wordsmithing one particular thing, I would say that is a sign that you should be hiring a copywriter. Because at the end of the day, that’s opportunity cost. As the leader of a company, you can outsource this, you can outsource copywriting. There are brilliant, talented people who do this. But there’s not a lot of people you can outsource the leadership of your company to. That is your role.

Maria Constantine: [00:13:43] And if your very valuable time is being taken up trying to figure out exactly what to say in an email or even on a newsletter or in a blog, those are things that you can do in a much more effective way while being supported by a copywriter. So, that’s a big thing.

Maria Constantine: [00:14:02] I would say, if you feel some hesitancy around this, I think it’s really common for leaders to feel like they have control over their messaging when they do the copywriting. If you are the one typing the words out, that gives you a sense of control over that, some ownership. And it feels good to have that. But if you feel yourself resisting, that you want to hold on to that for longer, that’s actually a sign. It’s probably time to let that go because that’s not your core objective as the leader.

Maria Constantine: [00:14:36] Again, there are so many other things that you can use your time for. And being able to bring in someone new is going to help you connect with your audience more, because you’re going to get some fresh perspective in there, you’re going to be able to pump out content in a much higher rate. And it’s just going to be better for you to be able to have that support to do so many more things that are really going to push the needle forward.

Mike Blake: [00:15:01] Now, of course, the name of the game with marketing is engagement. It’s one thing to write something. It’s another thing to have somebody actually care about what you wrote and read it. How can a copywriter improve engagement?

Maria Constantine: [00:15:18] Yeah. So, this, again, comes back to relationships. If a copywriter is good at what they do, they are going to give the reader the sense that you have a relationship with them. One of these funny things that we love to think that people are rational. We like to think that we make decisions based on facts and data. But we don’t. No one does. We make decisions based on how we feel, how someone else makes us feel.

Maria Constantine: [00:15:47] An example of this, actually, I subscribe to a lot of different tech newsletters. That’s a big part of our clientele. So, I’m on a bunch of newsletters, but I get busy, so I don’t read very many of them. I’ll admit I can’t keep up with all of them.

Mike Blake: [00:16:02] No, you can’t.

Maria Constantine: [00:16:02] But the one that I do keep up with is TechCrunch. And it’s not because it’s particularly better than the others – maybe some would argue it is – but it’s because the editor is a riot. Every time they write their newsletter, it starts with some personal note from the editor that has me cracking up. It is so fun and I feel like I have this connection with the editor who writes the TechCrunch weekly newsletter. And so, right there is an example of this very talented copywriter is bringing me back because of the relationship that I feel that I have with that writer on the other end of this newsletter.

Mike Blake: [00:16:44] So, it’s a very interesting theme that you’re kind of coming back to, which I hadn’t considered but it makes sense now that you bring it up, which is writing is relationships. If that’s where most of our communication is taking place and the thing about writing is that it is permanent. When we were kids who are always warned that something was going to go into our permanent record. And now that we’re adults, everything we write, it goes into our permanent record, whether we like it or not.

Maria Constantine: [00:17:09] Yeah. Exactly right. And the fun thing is that, unlike in-person communication where maybe there’s other emotions happening, of course, you want to communicate well in-person as well, but there’s not as much time, there’s not as much space to really craft the communication the way you want. In writing, the amazing thing about it, is that, you have as much time as you need. I mean, you have the opportunity, you have that space to really craft. It’s like a gift that you’re giving someone. That communication is an opportunity to make them feel good, to make them feel connected to you, to make them feel good about themselves. Every time you right something to someone else, you have that opportunity.

Mike Blake: [00:17:57] So, I think what we’re learning here is there can be an impression that you might hire a copywriter just because you don’t write well. And there is some of that, right? Not everybody can be a good writer. And I wonder if writing is kind of like driving, we all think we’re better at it than we actually are. But if you hire a copywriter, it’s not necessarily kind of admitting that you think you’re a bad writer. It’s not just for people that struggle with, you know, grammar and vocabulary.

Maria Constantine: [00:18:29] Yeah. Absolutely right. And, actually, I would say that if you have strong copywriting skills, if that’s just a natural skill of yours, it’s actually going to be easier for you to find and really leverage a copywriter. Because one skill that, at least, good copywriters will have is that they’re going to be able to emulate a tone, especially someone with agency background or who’s done freelancing similar to what I’ve done. They need to be able to switch hats really quickly and slip into the tone and the branding of whatever account that they’re working on.

Maria Constantine: [00:19:07] So, that means, if you have a really strong brand, if you have a really strong voice already, your copywriter is going to be able to hit the ground running because they don’t have to start from scratch creating a voice. They can just learn from what you’ve done that you really like. And then, again, increase the amount that they can output.

Mike Blake: [00:19:28] So, I’ve heard an argument – and please tell me if I’m wrong. Although, you’re welcome to tell me if I’m right, if I happen to be – there’s benefit to hiring a copywriter simply to gain some distance from the topic. You talked about, for example, in your answer to the first question about adding excitement. You know, if I’m working, I’ll just cop to this. I’ve been doing business appraisals and strategic advisor for 15 years. It sometimes can be hard to summon up the excitement for one more piece of collateral material, because I’ve been doing it for so long. Somebody who’s encountering it for the first time, I’ve been told, can bring a different energy, a different level of excitement that somebody who’s in the weeds every day isn’t necessarily going to be able to summon. Is that fair?

Maria Constantine: [00:20:21] Yeah. I think that’s totally fair. And thinking about this, you know, in terms of there are different sort of industries where I would say having someone with familiarity is really important. If you have a very technical business, if you have something very technical that you’re trying to communicate – because copywriters, again, you can do that outward facing like marketing copywriting, but you can also do product descriptions, technical instruction books, those kinds of things, all of that can be done by a copywriter.

Maria Constantine: [00:20:55] So, depending on what you’re looking for this copywriter to do, if it’s more technical, of course, having someone in the industry with experience is really essential, really important. But if you’re looking for that marketing spark, if you’re looking for someone to bring an excitement to reinvigorate the brand, and even to see your product from the perspective of an audience member who’s seeing it for the first time, if you think about that, if you’ve been doing this for so long, you have certain blinders because you know what to expect, you know this inside and out.

Maria Constantine: [00:21:35] But someone from the outside is coming at your product, coming at your service, the way your target client would for the first time. They’re going to find the things that make them excited, which is probably going to be similar to what’s going to get your audience excited.

Mike Blake: [00:21:52] So, is there a typical model in that? Let’s narrow this down. We’ll talk about for our audience. Most of our audience is comprised of owners or executives and businesses with, say, $100 million of annual revenue or less. For businesses like that, are they more likely to find it beneficial to hire somebody full-time? Or are they more likely to find a beneficial to outsource it?

Maria Constantine: [00:22:21] Yeah. That’s a great question. So, freelancers are amazing. You can get some incredible work from finding folks on places like Upwork or Fiverr. There’s a lot of talented copywriters out there. One thing that you want to know if you’re going to be doing a freelance position with a copywriter is that, every time you find someone new, every time you find a new freelancer, you are paying them to learn your brand. So, there’s a cost to that.

Maria Constantine: [00:22:51] A really good copywriter can do that quickly. But there is a learning time, where if you give them a deadline and say, “I need something by the end of today,” it might be a stretch for some freelancers where they say, “Well, you just brought me on. I need time to get to know your brand first, to get to know your product first.” If you have someone that’s on your team as a full time copywriter, you should definitely look for someone who can really help you in other areas of marketing as well.

Maria Constantine: [00:23:24] Most people who have in-house copywriters, especially for smaller businesses, they don’t only do copywriting. When I was a full-time marketing specialist, I was a copywriter, a social media manager, and I ran interviews, actually, for our sales and training team. So, they found areas where they could plug me in, where, “All right. You’re good at words. Here are the places where we need someone who’s good at words.”

Maria Constantine: [00:23:49] So, if you’re going to have someone full time, really think big. And when you hire that person, think about where your needs are and look for overlaps. Because there’s, like I said, a lot of copywriters who overlap with funnel building, copywriters who overlap with social media. So many different marketing channels that you can get out of someone who’s a copywriter, if you choose to do that, bring them on board full time.

Mike Blake: [00:24:16] So, if you are going to go the outsourced route – and I suspect many companies will do that if they’re using a copywriter for the first time to sort of try before they buy – where do you find them? Where do they hang out? How do you identify people that are identifying themselves as being capable in that area? How do you find them?

Maria Constantine: [00:24:36] You know, there’s a couple of different ways. Upwork is the obvious one. They’re a huge hub for copywriters. I would say, actually, maybe an unconventional one is Instagram. One thing about Upwork or even Fiverr, Elance, places like that, is that, the copywriter is going to be a little bit mad because part of their pay goes to Upwork, goes to the other platform. So, they have to charge you more, but you’re not actually paying them that much. So, there’s a disconnect there, where it doesn’t feel as good as a copywriter to know I’m worth this number, but I have to give part of that to this platform.

Maria Constantine: [00:25:19] But if you can go directly through Instagram or even Facebook, maybe LinkedIn, I would say Instagram is a big one where more and more copywriters are starting to create their branded profiles on there. I have a couple friends that I follow. A Cup of Copy is one example where she’ll just highlight some incredible freelance copywriters that are out there. I think she now doesn’t do freelance work. But she still will highlight freelancers.

Maria Constantine: [00:25:51] And if you can find someone directly, it’s better for you because you don’t have to pay them as much because they don’t have to bump up their rate to compensate for that charge from Upwork or whatever else. But then, Instagram is a great place to see their portfolio. A good copywriter will know how to market themselves as well and have a lot of great examples for you to look through.

Mike Blake: [00:26:17] Yeah. And that actually brings us back to what you touched on that I want to make sure that I addressed, are there copywriters that are industry specialists that tend to do most of their work in one or two verticals? And if so, is there a benefit to that? Is it worth looking for somebody that already has deep or at least deep-ish industry knowledge is somebody that you select for that role?

Maria Constantine: [00:26:43] Yeah. So, I would say, definitely, if you’re doing a freelance sort of set up, you should look for copywriters who have some experience in the industry where you’re working. The reason for that is, again, it’s going to shorten that learning curve.

Maria Constantine: [00:26:58] I remember I did a freelance arrangement once where I was writing for, it was like a scientific journal about fishing. And, you know, I’ve gone fishing with my dad a couple of times as a kid. But beyond that, my knowledge of fishing, technical tools, or even the type of fish, I had to do a lot of research to be able to talk about this as an expert. So, they were very happy with the product in the end, but they paid me for the research that I did. If you had someone who has a lot of experience in your technical field, then you’re able to pay more just for the actual writing and not so much for that research bit.

Mike Blake: [00:27:43] So, there’s a train of thought and I do think that there’s some value to it that suggests that companies, or individuals, executives, owners, should do as much writing as possible as they can themselves because that’s the only way to capture their authentic self. It’s got to sound like your voice, your hand, your fingers, your keyboard, whatever. How much weight do you place in that argument? How do you strike a balance? Or is it a non-issue? Maybe good copywriters are really good at capturing your voice. That’s a spurious argument. But what’s your take on that?

Maria Constantine: [00:28:27] Yeah. I would say, especially for smaller businesses where your relationship with your customers is a big part of your brand, where they feel like they’re connected with you, they feel like they’re working with you because of the ownership, because they know the owner, there is value in making sure your genius is captured whatever your authentic tone is. But the thing is, you do not have to type it up in order to do that.

Maria Constantine: [00:28:59] So, at Mindmaven, we teach people to use dictations for everything that you possibly can. We actually talk about rather than hiring a copywriter first, we tell people to hire an engagement manager first, that executive assistant plus. And all of our executives, all of our senior leadership team will dictate, whether it’s a blog or an email or anything, anything that you would have typed, you can dictate to your engagement manager. And then, they type it up and publish it for you. So, it’s still your voice, it’s still your authentic experience, and even just your personality will still come through. But you have a copywriter, especially who’s good at editing.

Maria Constantine: [00:29:42] If you’re going to go that direction, if you’re looking for an engagement manager and want someone with a copywriting experience, you look for someone who has some editing experience who really loves the details, very detail-oriented, so that they can polish that for you, so that when it goes out, you’re not worried about grammar mistakes or spelling mistakes. Also, it goes so much faster. You can talk like four times the speed you can type for most of us. And then, you have that ability, again, to leverage a copywriter but still capture your authentic contribution.

Mike Blake: [00:30:17] My question is this, is it reasonable to look for a copywriter that has the capability to write with SEO in mind?

Maria Constantine: [00:30:29] SEO is incredibly important for any business. I would say, you know, if you only are going to hire one person for SEO, if that’s all that you have in your budget, then, yes, your copywriter should have some experience with SEO. What you should know about SEO is that there are very, very technical bits of it that you have the writing side of it, which any copywriter should be able to do. But then, the technical side of SEO, really, it’s not quite fair to expect that from a copywriter. Those are like two very different skills.

Maria Constantine: [00:31:06] So, actually, as an example, here at Mindmaven, we work with an amazing firm called White Hat Ops, and they do our technical side of SEO. But then, our writing team, our copywriting team will implement the insights that we get from our technical SEO support. So, you don’t necessarily have to hire someone who has all of the magical SEO skills because it’s kind of a unicorn. That person doesn’t really exist. Either you have someone who’s an incredibly talented creative writer or you have someone who’s incredibly skilled at the technical side of things.

Maria Constantine: [00:31:41] Just starting with the writing is a great place to start. If you want to go really deep into SEO, it’s worth at least talking to an SEO expert and really considering all the bits that go into really making your website and your content optimized for search engines.

Mike Blake: [00:32:02] Okay. So, Maria, where do copywriters come from? I don’t know that people necessarily grow up saying, “Hey, I want to be a copywriter when I grow up.” I mean, I didn’t say I want to be a business appraiser when I grew up either. It’s not a criticism. It’s just the way it works. Is there a common path that people take to become copywriters?

Maria Constantine: [00:32:28] That’s a great question. I actually love that. It made me think back on my own journey getting into copywriting, and it’s fun. So, for me, personally, I always wanted to be a writer as a kid. But I had two accountants as parents. So, when I told them I wanted to be a writer, then like, “Oh yeah. That’s nice. Who’s going to feed you? Who’s going to pay for the heat in your home when you’re an adult?” Like, “Okay.” So, writing is not a career, I guess, that my parents encouraged. My parents are wonderful and encouraged all my dreams. But, you know, they like to keep me nice and pragmatic too.

Mike Blake: [00:33:04] Some dreams more than others.

Maria Constantine: [00:33:06] Exactly. Especially the dreams that pay the bills, you know? So, I went into teaching. I taught English. I taught writing, creative writing and drama. And that was a really fulfilling way to use my love of writing. But I found pretty quickly that it wasn’t enough. I wanted to do more. And somehow, I don’t even know, I think it was a friend who needed help ghostwriting their dissertation, it was something like that. That was my first freelance project. And, suddenly, I was making better money than I ever had before doing something that I loved.

Maria Constantine: [00:33:43] Freelancing can be tricky because it’s hard to be a full-time job. You’re just constantly spending a lot of time looking for jobs, which isn’t very fun, I’ll admit. So, for my copywriting journey, it’s something I enjoy on the side, but it wasn’t something I wanted to pursue full-time. I think a lot of people who end up in copywriting have a love of human behavior. People who notice things, who watch, who like to tell stories, there’s a lot of different tracks into copywriting. And I guess, I’m really focusing on the more creative copywriters because there are also, like I mentioned, more technical copywriters who will help.

Maria Constantine: [00:34:26] Actually, that dissertation project is a perfect example, a ghostwriter on a very technical dissertation. That would be a copywriter job, but someone with a very specific technical skillset. And they’re probably going to get into it because they’re just in the industry, because they have that expertise and they maybe want to make a little money on the side, they want to give back to this industry that they love. So, there’s a lot of different tracks into copywriting.

Maria Constantine: [00:34:53] I think the creative copywriters tend to be folks who love storytelling in one way or another and want to contribute to that connection that we feel when you read some good copy. Really thinking about how do I move people to action? You know, there’s a lot of power in that. That’s a really exciting thing to be able to inspire people or help people. And that drive, I think, is what is behind at least the best copywriters. I’ll say it that way.

Mike Blake: [00:35:27] An observation that I have is what you’re describing in terms of the mindset of the copyrighter very closely resembles how I’ve heard comedians describe.

Maria Constantine: [00:35:39] Hmm, interesting.

Mike Blake: [00:35:41] Because I mean, they observe the world, and they’re creative, and they have a story that they want to tell. Every comedian comes up with a series of stories that they’re trying to tell. And, you know, I wonder if there’s two sides really to the same coin. And maybe that’s why there are a lot of people who write for comedians that are effectively copywriters.

Maria Constantine: [00:36:04] Yeah. Yeah.

Mike Blake: [00:36:05] Jimmy Fallon doesn’t just show up and write jokes, right? He has a whole team of people that are writing content for him all day. So, I wonder if there’s a common thread there.

Maria Constantine: [00:36:14] Yeah. I think that makes a lot of sense. And we see humor is a huge tool in marketing. If you can get a copywriter who has the ability to write jokes, to write some good humor into your content. The amazing thing about humor is that it’s based in an understanding of the human condition. Humor is only funny because we all get it. We all recognize something in it. And that’s what the best marketing is, too, you read a piece of marketing and you say, “I see myself in that.” Or, “I didn’t even know there were words for this thing I was feeling. Now, I’m compelled to do something about it.” That’s what really good copywriting is at its core.

Mike Blake: [00:36:59] I’ll bet you’re funny. I don’t know you very well, but I’ll bet you can tell a joke or two and hold an audience. I’ll bet you got some funny stories. I’m not going to put you on the spot to say something funny. That’s idiotic. But I can tell that resonates with you because I’ll bet you in a social setting, you’re probably pretty funny. Your friends would say, if I ask them, that you’re funny.

Maria Constantine: [00:37:22] I do like making people laugh. That’s something my poor teachers in school didn’t love it because I was a bit of the class clown. But I worked hard, too, so, it was okay. I balanced it out.

Mike Blake: [00:37:36] So, I think I know the answer to this, but I don’t want to assume. Do copywriters get better over time by working for the same client or with the same company? Is there sort of like a break-in period? Maybe the first couple of pieces are good. But after developing a relationship with the company, the people, the brand, they internalize it, do they get better? So, is this sort of like a break in period or ramping up period with copywriters? Or should you expect them to just be awesome right off the bat?

Maria Constantine: [00:38:10] Yeah. I would say a really good copywriter will show you how good they are within the first week. So, a really good copywriter should be able to slip into your tone, into your brand, and produce excellent content within a week. Now, that being said, I think there’s a lot of benefit to having continuity with a copywriter because, of course, as they get to know you more, as they get to know your audience more, really, it’s almost like they build traditions with your audience, whether that’s through a specific type of spotlight content or maybe it’s the newsletter having a specific style of how you start the newsletter. You need continuity for that.

Maria Constantine: [00:38:59] It’s much harder, I should say. I won’t speak in absolutes there, but it’s much harder to do that if you have a different copywriter doing your newsletter every quarter or so. And building that long term relationship is something that is easier if you have someone there to really go deep with your audience.

Maria Constantine: [00:39:19] One thing really that comes out of that as well is kind of like what I mentioned with the social media, sometimes the copywriter is on the frontline to actually consume feedback from your customers. Maybe because your customers are responding to the emails that they wrote. Maybe it’s because they’re reaching out on social media or engaging in comments and your copywriter is responding. So, they’re really as a forward facing person to your audience. And having them around for a while allows you to have really valuable insights from your audience, but it also allows your copywriter to then write with that insight in mind.

Maria Constantine: [00:40:01] And a lot of what copywriters do is hard to translate or to, like, capture in a best practice. Sometimes it does come down to your copywriter generally feels they have a connection with your audience and so that comes out. There’s a little bit of magic there that’s – so let me backtrack. Because I said they’re going to write good content for you in the first week. They’re going to do great work for you there. But you’re not going to have that magic until they find their legs a little bit more. And that’s maybe a little bit of a difference here if we’re talking about, “Yeah. It’s okay to expect excellent things from them right off the bat.” But if you’re expecting magic right off the bat, give them a little bit of time to actually learn your audience and your product a little bit deeper.

Mike Blake: [00:40:52] We’re talking with Maria Constantine of Mindmaven. And the topic is, Should I hire a copywriter? Have you found that copywriters are more effective or less effective in certain industries? Do they work well in one particular industry versus another? Or can they work well across the board? Is there such a thing as an industry that doesn’t lend itself well to working with copywriters?

Maria Constantine: [00:41:19] No. I would say, if you are a business that sells a product, service, or experience, which is every business I have ever heard of, then you can benefit from a copywriter. Because your copywriter is going to take whatever you are selling, whatever you are giving back to the world, and connect it to your audience. Whether that’s super technical, whether it’s very emotional, relationship driven, your copywriter is your mouthpiece to the world. And getting an audience, getting more attention to what you are creating is the goal of any business. So, there’s no field that wouldn’t benefit from a copywriter.

Maria Constantine: [00:42:01] And like we were talking about earlier, even technical pieces, like your instruction books, sometimes people will kind of use those as a throwaway opportunity. They just get someone to write out something that’s basic, straightforward, no bells or whistles. And maybe that’s okay, you know, it doesn’t have to be shiny and fancy every time. But if you have a copywriter who takes care of any piece of writing that your company puts out, people are going to notice, people are going to feel connected to you.

Mike Blake: [00:42:38] I mentioned at the top of our program, videos are now sort of riding shotgun along with writing in terms of being the preferred communication. And as much as I love podcasts, I mean, podcasts are a little bit behind that. That’s fine. You know, I’m dabbling in video now and I’m predictably terrible at it. But the one thing that strikes me I wanted to ask you was, can copywriters help write scripts for people that are going on video?

Mike Blake: [00:43:14] My wife, has a skill that she doesn’t appreciate how good that is. She can turn the camera on, look in the camera, talk for several minutes and sound intelligent. Me, if I do that, I sound like I’m in the middle of a hostage tape, basically. And so, I’ve got to have a script or it’s going to be beyond terrible. And so, my question is, are copywriters now providing services to help people write scripts for their videos?

Maria Constantine: [00:43:43] Absolutely. Yeah. I did a freelance gig for a company that had only two products, if you will. They created SEO rich websites and they created videos sponsored by cities to attract tourists. That was all they did. And they had two teams of writers for both products. They had a team of writers that did SEO and they had a team of writers who created the scripts. And more than that, they created the storyline of the video. Because at the end of the day, a good video is a storytelling tool.

Maria Constantine: [00:44:18] If your video has a beginning that captures you, a middle that has some kind of conflict that you’re resolving, and an end that wraps up and makes you feel good or like you want to know more, then that video is successful. That is an amazing storytelling tool. So, to have a writer support you on creating scripts for videos makes so much sense.

Maria Constantine: [00:44:42] And even better, I’ve actually done some work in my freelance career where I wrote the storyline of the video. I wrote the copy that actually showed up on screen. And I created the video. I have a little bit of video experience, so I did the whole thing for them. So, you can find copywriters who have a really rich experience in video creation or even editing.

Mike Blake: [00:45:08] So, we’ve learned, ladies and gentlemen, that Maria is a triple threat here.

Maria Constantine: [00:45:13] I don’t know about that. I find problems and I solve them, you know?

Mike Blake: [00:45:19] So, Maria, this has been a great conversation. We’re running out of time and I’m sure there are questions that I might have asked and our listeners would have liked me to ask that we didn’t get two or maybe a question that they would have liked us to go into more depth with. If somebody wants to follow up with you on this conversation, can they? And if so, what’s the best way to contact you?

Maria Constantine: [00:45:39] Absolutely. You can find me on LinkedIn as myself, Maria Constantine. I’m also behind the Mindmaven Twitter, @mindmavenHQ. You can also email me, maria.c@mindmaven.com. And then, you can also always reach out on our website, mindmaven.com.

Mike Blake: [00:46:02] That’s going to wrap it up for today’s program. I’d like to thank Maria Constantine so much for sharing her expertise with us.

Mike Blake: [00:46:09] 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 so 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 as myself and @unblakeable on Facebook, Twitter, Clubhouse, and Instagram. Once again, this is Mike Blake. Our sponsor is Brady Ware and Company. And this has been the Decision Vision podcast.

 

Tagged With: Brady Ware & Company, Content writing, copywriter, copywriting, Decision Vision podcast, Maria Constantine, marketing, Mike Blake, Mindmaven, writing

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