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Now What?, Part 2; An Interview with Betty Clark, CPMedia & Marketing (Inspiring Women, Episode 28)

December 16, 2020 by John Ray

CPMedia
Inspiring Women PodCast with Betty Collins
Now What?, Part 2; An Interview with Betty Clark, CPMedia & Marketing (Inspiring Women, Episode 28)
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Now What?, Part 2; An Interview with Betty Clark, CPMedia & Marketing (Inspiring Women, Episode 28)

On this edition of “Inspiring Women with Betty Collins,” Betty continues her consideration of lessons learned in 2020 begun in the last episode. She is joined by Betty Clark of CPMedia & Marketing, who offers her perspective on how marketing & advertising are changing. “Inspiring Women” is presented by Brady Ware & Company.

Betty’s Show Notes

2020. It’s not quite over. But Now What?

It’s a question I think we should be asking pretty constantly as we navigate through these times.

In this episode, we’re going to talk a little bit about reflection and embracing the last two actions from my Now What, Pt 1 episode, Assessing and Moving.

The basics of business haven’t changed through this time. And one of those basics is marketing.

I work with Betty Clark of CPMedia with my marketing. My interview with her covers a lot of ground. I know you there lots of marketing tips you will come away with from this interview. Don’t hesitate to contact her, and tell her you heard my interview with her. She can be found at CPMedia & Marketing.

As Betty Clark explains about CPMedia:

CPM has been in business for close to 30 years now. Throughout the years, we’ve discovered that a lot of businesses just simply lack the time and expertise in marketing their company in a way that’s going to get the results and the phones to ring. At CPM, we take a company’s budget and their goals and we use our marketing expertise to create a marketing plan. Then we implement them through that plan, through the use of traditional and digital advertising tactics, so a business can stand out from their competition and they can get more leads, which is going to turn into customers.

Ultimately, you’ve got to embrace the new day. It’s here, ready or not. It’s been here; it’s not gone. This has been hard for me. This has been one of the toughest things for me to grasp as a business owner, as a mom, as a wife, as a church member, any of it.

It’s been hard.

I don’t want this new day. I still don’t want this new day, but as we know, “life is like a box of chocolates.”

I’ve always been amazed at the resilience of the people in our country. I believe that if you keep asking Now What? and be ahead of it, no matter how the year closes and what the New Year brings, I think that you will have some success that you will really enjoy your life.

After you listen to this episode, go to www.BradyWare.com and look up Betty Collins, my podcast will be right there. There will be handouts that summarize all this.

I’d love to talk to you about it, because it’s something that I’m passionate about. Because when the marketplace works in this country, the country works. Right now, it needs businesses to work. It needs employers to have success.

Betty Collins, CPA, Brady Ware & Company and Host of the “Inspiring Women” Podcast

Betty Collins 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. Other episodes of “Inspiring Women” can be found here.

Show Transcript

Betty Collins: This is Betty Collins, and today, we’re doing part two of Now What?, which is something I put together after the year we’ve had with 2020; it’s not quite over, but Now What? is a question I think we should be asking pretty constant as we navigate through these times. When we talked first, I said it was all action by you; knowing, assessing, moving. Today, we’re going to talk a little bit about reflection and embracing the last two actions. When we talked about knowing the basics of business- and by the way, this is on my website that you can get these handouts related to it, gives you an overview, but we talked about the basics of business. That hasn’t changed. Just how we’re doing business has changed. Just how we’re living our lives have changed. The basics are still there. So, what are those? Revenue in customers, expenses, debt, cash flow, who our advisors and partners are, versus our transaction vendors, marketing and technology and company structuring. We talked about those things, went into a lot of detail about that.

Betty Collins: Then we assessed; assess the damage. The tornado came through and now, we’re standing, going, “Do we have a house left or are we going to rebuild?” But it’s all about moving forward, not just assessing and planning. We talked about hope is not a strategy, so you can’t just hope it all comes together. We talked a lot about your financial position and profitability … Debt, and that life will go on beyond 2020. One of the things I didn’t spend a lot of time in on the last part one of Now What? is the marketing and technology area. I’m fortunate enough, I get to work a lot with Betty Clark, CPMedia and she is a marketing person who has had to say, “Wow, how do I help my clients market? What is it that they need?” She had to do a lot of pivoting with thinking in how she’s gotten put together. I’m going to interview her next, and we’re just going to talk about marketing today, versus marketing in February, 2020; two very, very different things.

Betty Clark, CPMedia: As we’re in this time of Now What?, every business needs to be asking now what?, as I’ve talked about, with the basics of business; they haven’t changed. One of those basics are marketing and technology. For me, I really had to dig into this because I’m one who’s out in the marketplace. I’m either public speaking, I’m either at an event, I’m involved with different boards where I get opportunity. So, for me, I’ve never had to do a lot internally, back here. I don’t look at- so, I’ve really had to do the pivot thing and figure it out. I worked with Betty Clark of CPMedia in marketing, and we just started putting together a plan. Really, it’s stuff that … It’s not like it’s rocket science necessarily, and it’s stuff I know, but putting it all together in a plan that bounds it all is big. I want her to talk to us today about Now What? in marketing and technology. Betty, welcome to the program. Appreciate you being here. I want you to tell us a little bit about CPMedia and marketing. Tell us what you do.

Betty Clark, CPMedia: Well, CPM has been in business for close to 30 years now. Throughout the years, we’ve discovered that a lot of businesses just simply lack the time and expertise in marketing their company in a way that’s going to get the results and the phones to ring. At CPM, we take a company’s budget and their goals and we use our marketing expertise to create a marketing plan. Then we implement them through that plan, through the use of traditional and digital advertising tactics, so a business can stand out from their competition and they can get more leads, which is going to turn into customers.

Betty Collins: Well, I know for me, I’m a CPA, so marketing is not coming natural to me. It doesn’t make sense to me. I think if I just get out there and sell myself, it’s all good, which just isn’t the case. This plan was what I had to really put together. Really, 2020 forced me to do that. I really didn’t have a plan before. I was just doing a bunch of things all over the place and we consolidated that. For me, every business and industry has witnessed a change. What I do in business hasn’t changed. It’s how I do it; that’s what’s changed. Accountants don’t change very, very easily, so. I’m assuming marketing is no different. You’ve witnessed this change. Tell us about that.

Betty Clark, CPMedia: Well, actually, I would say that marketing has not changed, but certainly, the advertising tactics have evolved. When I first started my career, the primary way to market any business was through the Yellow Pages or traditional media vehicles like the newspaper and running ads on billboards, TV and radio. Then throughout the years, it evolved to include cable, the internet, social media and all the digital advertising elements that are out there. With this pandemic and 2020, we’ve had to approach target audiences in a more digital world, versus a traditional world.

Betty Clark, CPMedia: People spend more time now on their computers, their smartphones, their smart TVs, so we look at advertising and marketing opportunities, those vehicles instead. The marketing basics still remain the same. Companies need to identify their ideal client. They need to know their core message. They need to make certain that their image matches their message. They need to have products and services in place for every stage of a client’s development. Marketing material should be one that educates people, and they need to make certain that their website is one that can work 24 hours, seven days a week, and plus, they need to get their entire team on board with their marketing efforts.

Betty Collins: I know for myself, when we were devising my plan and we’re still- it’s still evolving. It’s always going to keep changing because opportunities change. One of the things that was surprising to me was how much I needed my database now, because I’m not out there and how incorrect and a mess it was. It ends up I have a thousand people and then I did- it’s not even a thousand people, which is overwhelming, but a thousand contacts sorted by industry or sorted by ownership or doing different than- I mean, I’ve now got that put together. I wouldn’t have been messing with that. I just would have hoped I could email them or, “Let’s send out a mass whatever,” and 50 emails come back. It’s forced me to go back to basics so that I can use them, though maybe in a different way. A lot of the technology, to me, has been here.

Betty Collins: Zoom has been here, but now we’re all using it. I got this stupid folder on my desk that has seven ways to get on a call because everyone’s different. People are now using things that have been in existence. It’s just been interesting, for sure. It’s helped me realize what I should be going after, and it is. I’m sticking with basics like you’re talking about, so we don’t have to get crazy about it. I can’t speak right now and I can’t go to events right now, so I have to have something that works. That’s been very helpful to take that. What do you think a business should do, going forward, in 2021? We’re all waiting for 2021. We all want that new year.

Betty Clark, CPMedia: Can you imagine what New Year’s Eve is going to be like? It’s going to be a blast. Just like you, everyone should create a plan. Just like we had to create a plan for you. In doing so, now is the time to make sure that all your programs, your people, your technology, that everything is working well and in tip-top condition, and everybody knows how to utilize all the digital aspects that are out there, like Zoom.

Betty Collins: Because we’re not going back. We’re not going back.

Betty Clark, CPMedia: That’s right. It will never be the- it won’t be the same. Then you also need to be creative and innovative in your marketing mix, just like we, again, using you as an example, like we did with you. Let’s look at different ways that we can market the Betty Collins when it’s not face to face. Businesses need to review their objectives, see how well they can achieve them without the programs that they were forced to eliminate in 2020. Perhaps the programs that were replaced with the traditional ones that they have been using, perhaps are more profitable, that they have found out that the ROI was better. That would be one to continue on for 2021.

Betty Clark, CPMedia: Create a list of possibilities to explore. There’s many things that still haven’t been tried yet, and how to do things. Then once you have that plan in place, then begin to prioritize. That, look what is currently running your budgets and maybe you need this for 2021. You might need to shift some dollars around or look at your advertising message that’s currently running. Now’s the time to evaluate the language that is being used, the images, and perhaps that right now, you’re using a picture with lots of people touching one another, being hugging or close to one another. I would suggest changing that and show a little social distancing.

Betty Collins: I was at a restaurant the other night and they requested that because you could obviously have your mask up while you’re eating, they did not want pictures taken at the restaurant- because people do that. They take pictures of their food, everyone comes close in the booth, and they said, “Please don’t do that,” and put it out there. If you’re going to have a picture taken, we want you to have a mask on, because they want that image of, “We’re practicing things safely here.”

Betty Clark, CPMedia: I’ve not ever heard of that.

Betty Collins: Well, I was there and that’s what they did.

Betty Clark, CPMedia: I don’t know if I would go that far, but-.

Betty Collins: They were thinking about their image. That’s what you’re saying.

Betty Clark, CPMedia: Yes, that you need to think that. I mean- and people want comfort and security. They want to feel secure and safe in whatever they do. It doesn’t matter what kind of business you are, you have that ability to provide that to everyone.

Betty Collins: People are much more aware of surroundings now, that’s definite. They probably are looking at what your image is, much differently, just because they are more aware.

Betty Clark, CPMedia: I would also suggest that everyone take a hard look at their target audience. What you have been using has your ideal client before. Perhaps, your ideal client that has changed. I’m assuming that it has and that the same benefits don’t apply right now as they used to. You need to evaluate that and also, see what your competitors are doing; that’s key. See what their position has been and what actions that they’re taking, so you’re able to to counter that. Certainly, nobody knows what’s going to happen in the future. I wish that we all did, but we do know that it- and I think we all discovered this, this year, that when you have a plan in place, that it’s easy to do the pivot and make some changes. But you need to have a clearly defined communications strategy and have that innovation.

Betty Collins: Because for me, and probably most people, as we’re doing this Now What?, now what? What I do for people is no different than what I did in February, as I did in March of this past year.

Betty Clark, CPMedia: They still have those same needs.

Betty Collins: They still have those same needs. I have identified, “Here’s,”- because maybe they didn’t maybe know that I did these things, too. It was opportunity to go, “Hey, I can do this, too, for you during this time, but I can do this all the time.” It’s not that I’m not doing the basics in the same business, it’s just how I’m doing it. Even, I’ve been involved with some online events tomorrow. I’m involved with one, and they don’t want this to be one big Zoom call, because everyone did that at first, and all these people who had events trying to do an event online, it was a big Zoom call. Where they’re doing it- no, you’re at the event and the precision of people coming on and off and the backgrounds, all of it. I mean- so, they’re just doing it differently now, even within this year of, “Hey, we can do a virtual summit.” No, it’s a big Zoom call. Or we can do a virtual summit that really looks like you’re there. The planning helps. It has really helped me for sure, which is why I wanted you to be on today’s. We’re talking about these basic businesses. Let’s close with this, is there anything they shouldn’t do?

Betty Clark, CPMedia: Ah, yes. Doing nothing.

Betty Collins: Doing nothing. Hope is not a strategy, and by the way, it’s not coming back. We changed.

Betty Clark, CPMedia: We all have evolved and we need to look at the pandemic situation as an opportunity, not as a challenge or an obstacle. Yes, it’s certainly closed some doors, but it has opened others. As we know that by having a well-organized plan going into 2021, knowing that you might have to adjust some things, as they ebb and flow, you’re going to be fine.

Betty Collins: Well, I appreciate you coming today and talking with this part of the Now What? It’s a huge area. I didn’t feel competent to come and talk about it. It’s a pretty specialized area, and so, I appreciate you coming. How can people reach you? What’s your website?

Betty Clark, CPMedia: They can reach me at CPMedia.com, or BClark, C-L-A-R-K, at CPMedia.com.

Betty Collins: Great. Well, thank you, and hopefully, we will get to 2021 first and have a big celebration on New Year’s Eve this year and keep moving forward, because it’s not a matter of what if, it’s a matter of when.

Betty Clark, CPMedia: That’s [CROSSTALK].

Betty Collins: We have to ask the question, now what? Thank you, Betty. I so appreciate you coming on today and talking about the marketing and technology aspects of things. I know you’ve been working with me personally on just, ‘how do I market myself?’ Because it’s been pretty tough when I’m a person who gets on stage and speaks, and I’m at events and I- you might chair boards for nonprofit organizations where there’s a lot going on. I’m out in that marketplace and I haven’t been able to do that. You’ve been helping me with understanding what other capabilities and avenues that I have. We’re going to finish- first, we know the basics. We assess and keep moving, and now we’re going to reflect.

Betty Collins: Reflecting, I’m not sure that I want you to think this is sitting in a dark room humming and meditating. I guess it could be; maybe that would work for you. I think many people, when you go, “Let’s reflect, let’s go back, doing,”- and it’s like, “Do we really have to do that?” “Yeah, you do.” Because this was a moment where you probably learned a lot, and so, you got to take that knowledge that you learned and you got to apply it. You got to reflect. Reflecting, to me, is you’re giving some really intentional, serious thoughts to the past- past being this year, so that you can make sure the present and the future are successful. Because remember, again, I’ve said, it’s not a matter of if, it’s a matter of what. COVID-19 and a pandemic is pretty major, but there’s other things. There’s recessions. I’ve sat through several of them since 9/11. There’s things that- health, all the sudden. There’s things of the market bottoms out. It’s the if … It’s not a matter if, it’s a matter of when.

Betty Collins: You have to go back to February 2020. I did this the other day because I was going through, looking for who I’d met with through the year and who I still needed to meet with. I’m looking at my calendar in January and February going, “Oh man, I forgot I got to do all those things and have all that time,” but when I went back and then, of course, you get to March and April’s calendar, it looked completely different, even May. I look back at what worked. I dealt with the would’ve, coulda, shoulda. You have to do that and then you got to critique your performance.

Betty Collins: Some people did really well. Most of us gained weight, but there are those few that said, “This is going to be my opportunity. I can exercise because I’m working at home and I can actually go down to my basement and work out in my gym. I can eat better,” although we are all just buying comfort food, I think. The would’ve and the could’ve been the should’ve, identify those; it’s really important. Critique your performance, so that you can take that and use it in the future. There’s been some really big success stories coming out of COVID-19 with all kinds of industries. Reflect on that past so you can impact your present and your future.

Betty Collins: You got to ask the question, “What’s going to- what will return to the way the things they were, and what is not coming back?” Many things will never be the same. I don’t know that that’s not bad. I like the dividers in the restaurants now. I like that. It cuts down sound, yet the restaurant’s full because they put up dividers. By the way, I haven’t been sick all year and I wonder if it’s because I’m not getting someone else’s germs and they’re not getting mine.

Betty Collins: I love now, the flexibility of my office. I didn’t like it at first. I did not embrace it. I did not think that it was good. I wanted everyone here. I wanted the parking lot full. I like the buzz of the office. That’s not happening, but I do now work out of my house and I have a system and liking it. Quite frankly, I love less traffic. I crave personal connection, so please, don’t get me wrong. We’re off a long way from doing that. In your business, you pivoted- tired of that word. You got to look back and go, “We pivoted. It worked. We’re going to pivot again. We’re going to pivot again and we’re going to pivot again.” I look at restaurants and now, I don’t think curbside service is ever going away. You know why? Because I like it.

Betty Collins: The customer likes that everything’s done. Someone comes out to my car and then gives me a bag. I love it. More online shopping continues to happen; that was already happening. Bank branches are closing. People are finding a way to deposit their checks as calling their phone. Works, right? Telemedicine, why would we go back? Man, you could just call your doctor and in eight minutes, somebody will be on screen with you, especially when it’s a common cold or something minor. I just don’t see some of those good things changing. Zoom is tough. Virtual events are not ideal right now. We’re still all adapting, but I guarantee you, somebody is going to come up with a way to make that appealing. I guarantee you that’s going to come.

Betty Collins: You have to look into your business and be realistic of what’s not coming back. You have to sit and go, “Hoping for the good old days, not a strategy.” You have to really identify probably, what isn’t going to come back. Then, is your competition winning because they did change and or they embraced the change and they’re looking at this as this isn’t going to be temporary? You have to be- you have to ask yourself, “Am I ready for what is not coming back?” Then there’s the, “Am I, will I or can I adjust accordingly?” I think most people have already done some of that, but some of us are still not. By the way, we’re probably going to have to still do a bunch of “Am I, will I or can I adjust?” If you don’t adjust, you’ll be left behind. You may not need to do a lot of that, but you probably will be left behind. Curbside is great for fast food and casual dining. They’re busting it, but fine dining, struggling.

Betty Collins: That’s why- I talked earlier in my podcast, part one of this is Jeff Ruby’s Restaurants. It’s about amazing steak, but it’s also about the experience of going there. They just do a fantastic job. I’m not going to buy an expensive steak and heat it up in the microwave. They were brilliant. They came up with, “Here’s your steaks, choose them.” You get so many. “Here’s your salad, it’s tossed. Here’s your bread. Just warm it. Here’s your mac and cheese, ready to go. Desserts already done. All you have to do is cook your steaks.” Well, I don’t want to cook $100 steaks and burn them, so they sent a video saying, “Here’s how you cook them and here’s the seasoning.” We did that in April or May, just for something different. We ate them out on our deck with some friends and we loved it.

Betty Collins: We had thirty minutes in this entire meal, besides going to pick it up. They just … You talk about pivoting, that’s brilliant. That was a great way to go. I had another place where I saw they were trying to do the same thing and they sent you baked potatoes. I can do baked potatoes, but I can’t make Jeff Ruby mac and cheese. They just did it right. They took signature products and said, “It’s ready to go, put it in the oven for thirty minutes.” Am I, will I or can I adjust accordingly? Adjustment’s a must, but new revenue streams are only half of it; that’s only half of the adjustment. So is the expense side. Just as I was saying in my company, the travel, the meal costs have gone down really, really big. For accountants, we’re like, “Yay, we’re spending less on that,” but that’s why we- that’s what got us into the marketplace where we met new people, new connections and build relationships. That’s going to have some effect, so we got to adjust accordingly. What do we replace that with? It’s probably going to be a cost that we’re not even anticipating, but we need to be saying, “Can we adjust to that? Am I, will I or can I?” It’s not too late to adjust your thinking. It will pass; it’s not really an option.

Betty Collins: How do you adapt to the changes? You’ve got to have a long-term plan. Many, many people do budgets, and they think that it’s the long-term plan. It really goes beyond that. I think we’ve learned something in that, for sure. Hopefully, in our country, we’ll make a lot more things here. We’ve learned that, you know what? We need to produce this stuff here so that when we have a pandemic or we have something that breaks out, we have the product right here. We’re not waiting and we’re not having to make emergency, “Wherever, someone please make masks.” Now, we’re just going to have lots of masks, and we’re going to make them here because we saw a need that could continue on.” We need to take a long-term team approach, not just you.

Betty Collins: Brady Ware really did well because our team got involved with the changes that we needed to make. Our team got involved with the new products that we were selling. Our team had to learn and educate and do. It’s going to be continual learning because of the environment we’re in. If you did not lead the way in changing, then you know what? Look at your competition and look at success around you and get your gear going, because we’re a long way from being done, I think, in this environment. It’s not too late, but you got to have a long-term plan. It just isn’t, “We survived it. We got through PPP, we spent our PPP cash and sales are starting to come back.” You got to have a long-term plan. What opportunities are being created because of the changes? What am I missing out on? I think that’s the most important thing your team sits and does.

Betty Collins: I just do. Brady Ware really seized the moments from the beginning, but it took top leadership. It took the board. We were ahead of the game from the beginning. In our industry, knowledge is what you need, so education and training of our team was huge. We knew that our whole tax season year was crazily broken up and stressful. It was a long seven months, six months. You had t- it just took long hours, too, but you got to look for those opportunities in your industry. Instead of giving someone steak to heat up, give them the real steak with the YouTube video on how to cook the steak with the seasoning. Totally different service.

Betty Collins: You have to get real information in real time to seize new opportunities. The guy that makes the pillows from Minnesota, he immediately went, “I doubt people are going to buy pillows,” so he made masks. He started ventilators, I think, as well, because- but he was doing it based on real time, real need, act now, no time for planning, no time for a retreat to go talk about it. That takes real information, real time. You need to know that. So, how do you do that? Well, your industry probably has associations. There’s government representatives called Senators, and you need to be really involved with them now. I think we’ve all learned that local leadership counts because they’re making decisions right now, that are huge, so be engaged with them. There’s a ton of new regulation, especially for certain industries. If you’re a hair salon, you better know. If you’re a restaurant, you better know. If you’re a CPA, you better know all of the stuff that rapidly got passed, because your clients want to know. Shoot, when stuff passed on a Friday afternoon, they were called on a Saturday morning. You have to be involved with real information in real time.

Betty Collins: Just like the restaurants, they were- they closed and they had to figure out how to stay open. They also had to drive their industry with ideas and help each other. Then they definitely were at the pulse with the government. Cameron Mitchell in Ohio was definitely on a committee with DeWine’s team, to go. This is what we need to do as a restaurant. What a great guy, to do that. I mean, he went from, “I built this whole thing. I know what it’s like to be a small business owner and a large one.” To know the opportunities, you have to understand what your client needs and then you learn to service it. You have to see the need that is not being met. That is basics 101 economics. See the need that is not being met and you won’t be able to sell enough. It’s not always easy.

Betty Collins: The last thing, we talk about knowing, assessing, moving and reflection. The last thing you got to do, sorry, it’s all action. You’ve got to embrace the new day. It’s here, ready or not. It’s been here; it’s not gone. This has been hard for me. This has been one of the toughest things for me to grasp as a business owner, as a mom, as a wife, as a church member, any of it. It’s been hard. I don’t want this new day. I still don’t want this new day, but as we know, life is like a box of chocolates, as I will take. We all know what that means. Part of a success is answering now what? by embracing the new moment. How do I deal with the fatigue of COVID-19?

Betty Collins: I will tell you, March and April were exhausting for me and by the end of May, I just had to get away. That was the turning point in my fatigue. I got away. Well, how do you do that when you can’t go anywhere? You can. You take a risk when you go, and I did. I took a risk and I flew somewhere that was very quiet and in the middle of nowhere, but I did certain other things, too. I started just working 40 hours a week and shutting my phone down because it was exhausting. Everybody was exhausted. I started enjoying more outside. It was amazing how many outside people were walking our streets in Gahanna. Everybody was out walking. I hired a personal trainer because of just weight and laziness. I rested on my weekends and said, “Okay. It’s getting done, I’m going to do it.” I made sure my office at home was something I liked to go into. It wasn’t just some table and chairs from the basement. It motivated me a little bit more, but I did go on vacation to a secluded place. I took a weekend in Ohio and focused on parks and simple trails, and good food and a really good friend.

Betty Collins: We just- those are the things that got me away. Those are the things that helped me with the fatigue of COVID-19. It doesn’t matter what it is, whether it’s COVID-19 or whatever the circumstance you’re in, you have to, sometimes. You got to get away from the circumstance. How do I stay positive and energized? I’m going to say this very, very clearly. I shut off Facebook, deleted my Twitter account, watch very, very minimal news. I’m very selective who I get my news from, but I know I need to be informed, especially in the time that we live. I chose crosswords over negative and awful TV and movies that are intense, because I didn’t [LAUGHTER], and time by myself became part of my routine.

Betty Collins: Sometimes, the time by myself was too much, actually, because I miss the marketplace. But then I found, “I can enjoy this.” I also looked at the very core of who I was during this new day. I think we- a lot of us have, whether it’s your family, or your faith, causes, focus on that. It probably will energize you. It’s not business as usual, and you got to look at the mindset and skills that you need, like the mindset of that kid who had a fish, who said it was for bait, not just eating for today and throwing out. Plenty of Zoom in webinars for sure on all these topics to the point of nauseum, probably. But there’s a lot of good free Zoom webinars right now and YouTube videos that can pull you out of some of this stuff. I would, “How do you stay positive and energized?” Ask other people what they’re doing to stay positive and energized. You’ll be amazed and then you got to do it.

Betty Collins: This is year has infected us all, personally, not just in our business, in our careers, but in our personal lives from distancing with our families and all of that, to not being able to maybe go to your church and you’re seeing it on Zoom, to just the uncertainties. I’ve always been amazed at the resilience of the people in our country. I believe that if you keep asking now what? and be ahead of it, no matter how the year closes and what the New Year brings, I think that you will have some success that you will really enjoy in your life. Again, on my web page, we have these handouts that show you my outline and all those lovely questions that I told you to ask yourself on knowing the basics. I’m Betty Collins. Have a great day.

Tagged With: advertising, Betty Clark, Betty Collins, CPMedia & Marketing, digital advertising, marketing

New Product Launch Strategy, with Monique Mills, TPM Focus

December 15, 2020 by John Ray

Monique Mills
Alpharetta Tech Talk
New Product Launch Strategy, with Monique Mills, TPM Focus
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New Product Launch Strategy, with Monique Mills, TPM Focus (“Alpharetta Tech Talk”, Episode 21)

Monique Mills of TPM Focus joined host John Ray to discuss her entrepreneurial journey, how she helps start-ups and other businesses with new product launches, why everyone’s own future involves entrepreneurship in some form, and much more. “Alpharetta Tech Talk” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Monique Mills, CEO, TPM Focus, LLC

Monique Mills is a degreed electrical engineer turned serial entrepreneur. She attended Rochester Institute of Technology for her engineering degree and completed her MBA, with a concentration on Management of Technology, at Georgia Institute of Technology. She is a licensed Realtor(R) as well as a certified Project Management Professional (PMP).

Monique began her career in the semiconductor industry then went on to hold positions in the energy, aviation, real estate, and technology industries. Monique’s earliest entrepreneurial experience began while simultaneously working in her engineering career. As a result of her love of real estate, construction, and desire to manage her personal investment transactions, she became a licensed Realtor and launched a real estate sales and consulting business to assist other investors in strategic planning and execution of their real estate ventures. Monique has expertise in buying, selling, leasing, and construction management of both residential and commercial properties. She is a Member of the Atlanta Commercial Board of Realtors.

Monique has founded four companies, one of which was a SaaS technology startup targeting the commercial real estate and retail industry. Currently, she is the CEO of TPM Focus, a strategy consulting firm providing revenue-focused strategy and execution services to startups and SMB’s launching new products.

Monique lends her talents to startup incubators and accelerators around the country including serving as a Mentor for Founder Institute, a Startup Coach for the Advanced Technology Development Center at Georgia Tech, and serving as an Advisory Board Member for Stem to Market, a Kauffman Foundation-funded accelerator of the Association for Women in Science that supports STEM (Science, Technology, Engineering, Math) entrepreneurs seeking commercialization of their research and technology. She is an advocate for the diversification of STEM careers, expanded leadership, and equitable entrepreneurial opportunities for women and underrepresented minorities.

Monique is an Adjunct Instructor of Entrepreneurship at Georgia State University in the College of Business as part of the University’s Entrepreneurship and Innovation Institute teaching students how to apply evidence-based entrepreneurship methods to go from an idea to a sustainable business model.

Company website

Monique on LinkedIn

Question/Topics Covered in this Interview

  • Taking an electrical engineering experience, adding an MBA, and leveraging it as tech startup founder.
  • Tech startup founder as a Black person and as a woman.
  • Facing burnout.
  • The addiction to the torture of entrepreneurship even though you have other “safer” options.
  • Connection to Georgia Tech and desire to be helpful in whatever capacity in higher education (especially STEM and even teaching entrepreneurship at GSU)
  • The challenges encountered with established small businesses.
  • The challenges encountered with startups.
  • How the future is entrepreneurship, in some capacity, for everyone.

About “Alpharetta Tech Talk”

“Alpharetta Tech Talk” is the radio show/podcast home of the burgeoning technology sector in Alpharetta and the surrounding GA 400 and North Fulton area. We feature key technology players from a dynamic region of over 900 technology companies. “Alpharetta Tech Talk” comes to you from from the North Fulton studio of Business RadioX® and is hosted by John Ray.

Past episodes of “Alpharetta Tech Talk” can be found at alpharettatechtalk.com.

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 approximately $12.9 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.

Tagged With: Entrepreneurship, georgia state university, Monique Mills, new product launch, tech startups, TPM Focus

Why You Don’t Need a Social Media Strategy, with Jennifer Koon, Michael Mackenzie Communications

December 14, 2020 by John Ray

Jennifer-Koon
North Fulton Studio
Why You Don't Need a Social Media Strategy, with Jennifer Koon, Michael Mackenzie Communications
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Jennifer-Koon
Founder and Principal, Michael Mackenzie Communications

Why You Don’t Need a Social Media Strategy, with Jennifer Koon, Michael Mackenzie Communications

Jennifer Koon: [00:00:00] You know, the struggle around social media – and I relegate this back to when people, for sure, were doing this years and years ago – is social media is simply a channel. And so, when you’re building your marketing strategy, you make decisions about, “Do I want to be on the radio? Do you want to be on TV? Do I want to be on an outdoor? Do I want to go word-of-mouth marketing, event marketing? What’s the channel I’m going to use to basically execute against my strategies?

Jennifer Koon: [00:00:25] Social media is a channel. And so, when people come to you and say, “I’m going to build a social media strategy for you,” they’re wrong because they have jumped over the idea of, “I need a business strategy and a marketing strategy first.” And social is just the way we get it out there.

Jennifer Koon: [00:00:39] At the end of the day, I run into people all the time who say, “I’m everywhere. I want to be on every channel.” You can’t afford to be on every channel. It’s not realistic. It’s not supportable. And it doesn’t make any sense because, ultimately, you need to go back to the basics of marketing and think about, “Okay. Who are we trying to reach? What are we trying to tell them? And how often do we need to be in front of them? And if social is the channel for that, then which one? And how do we go about kind of doing that?”

Jennifer Koon: [00:01:06] And so, we really work with clients to help them figure out how to use social as a bigger part of their overall marketing strategy. Sometimes, it means they’re doing a lot. Sometimes, it means they’re doing a little. And there are cases where they’re not doing any at all because of FINRA or whatever that makes it difficult for them.

Jennifer Koon, Founder and Principal, Michael Mackenzie Communications

As the founder and Principal Consultant of Michael Mackenzie Communications, Jennifer Koon is the chief strategist, business development officer, contributing copywriter and head bottle washer.

Prior to forming Michael Mackenzie Communications in 2001, Jennifer served as a PR and Field Marketing Manager for Microsoft Corporation, a role she landed because they liked the Direct Mail and Database Marketing experience she had gained working for smaller software companies and in an agency environment. In addition to developing direct marketing and sales support programs, Jennifer has produced and promoted hundreds of seminars, product launch events and trade shows as well as managed public relations and community affairs initiatives. Jennifer has an extensive copywriting repertoire – writing on average more than 50,000 words each year for clients representing a broad range of high tech and technically complex services and products.

All total, Jennifer possesses more than 25 years experience developing and deploying strategic marketing communications programs that drive image, enthusiasm and revenue. She has a bachelor’s degree in Creative Advertising from Southern Methodist University and a master’s in Marketing Communication and Information Technology from Florida State University.

She is a member of the American Marketing Association, the Public Relations Society of America, the Technology Association of Georgia and has served on the host committee for the High Tech Ministries Prayer Breakfast for 5+ years. She is also a member of the Greater North Fulton Chamber of Commerce, the Leadership North Fulton Class of 2011, a graduate of the City of Roswell Education Program (CORE 2019) and was the elected parent representative for the Local School Governance Councils for both Elkins Pointe Middle School and Roswell High School. Jennifer and her husband live in Roswell, Georgia. She has two sons who attend the University of Mississippi. She is an active member of Roswell United Methodist Church and she counts among her hobbies reading, swimming, photography, retail therapy and watching minor league baseball and college football.

Company Website

Listen to the complete interview on North Fulton Business Radio here. 


The “One Minute Interview” series is produced by John Ray and in the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link.

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.

Felicia Darling, DTSpade Specialized Real Estate, Jade Getchell, Enlighten Design & Marketing, and Richard Rehme, Intelligent Office (Family Business Radio, Episode 15)

December 11, 2020 by John Ray

DTSpade Specialized Real Estate
Family Business Radio
Felicia Darling, DTSpade Specialized Real Estate, Jade Getchell, Enlighten Design & Marketing, and Richard Rehme, Intelligent Office (Family Business Radio, Episode 15)
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Felicia Darling, DTSpade Specialized Real Estate, Jade Getchell, Enlighten Design & Marketing, and Richard Rehme, Intelligent Office (Family Business Radio, Episode 15)

Host Anthony Chen welcomes Felicia Darling of DTSpade Specialized Real Estate to discuss commercial real estate issues for business owners. Jade Getchell, Enlighten Design & Marketing, also joined the show to share her work as a “marketing department for hire,” while Richard Rehme, Intelligent Office, discussed how he helps business owners with offices and administrative services. “Family Business Radio” is underwritten and brought to you by Anthony Chen with Lighthouse Financial Network.

Felicia Darling, Commercial Brokerage Partner, DTSpade Specialized Real Estate

Felicia Darling, DTSpade Specialized Real Estate
Felicia Darling, DTSpade Specialized Real Estate

DTSpade is an Atlanta commercial real estate firm committed to helping Clients within Healthcare, Medical, Dental, Government, and Pre+Equity organizations make excellent decisions on office space. DTSpade brokers are Partners who work as a team to expertly address client needs. They partner with clients before, during, and after the process to make the commercial real estate transaction work in the client’s favor.

Felicia Darling brings over 20 years of experience in the healthcare industry to commercial real estate. She graduated with honors from Vanderbilt University with a B.S. in Education and Special Education and received her Master’s Degree in Audiology and Speech-Language Pathology from the University of Memphis. Felicia received the National Certification of Clinical Competence from the American Speech-Language-Hearing Association (ASHA) and holds an active Speech-Language Pathology license in three states (Georgia, Indiana, and California). She has worked in various settings including rehabilitation centers, private clinics, skilled nursing facilities, schools, and home health. Felicia has collaborated with physical therapists, occupational therapists, physicians, nurses, social workers, and dietary managers to bring the best quality healthcare to patients. In commercial real estate, Felicia has helped medical practices expand their footprint across Georgia. She has an active real estate license with the Georgia Real Estate Commission. Felicia is also a member of the Atlanta Commercial Board of Realtors. She looks forward to continuing to facilitate growth for businesses.

Company website

Jade Getchell, Owner, Enlighten Design & Marketing

Jade Getchell, Enlighten Design & Marketing
Enlighten Design & Marketing is your marketing department for hire and partner in government contracts. When you work with us, you remain the Chief Marketing Officer, we become your Marketing Director. We don’t believe in hijacking dreams, only helping make them become reality. We do all of this with full confidentiality in place.

Following her passion for graphic design and brand development, Jade Getchell started Enlighten Design & Marketing to help companies promote their own unique story to draw in lifetime customers. Jade specializes in core marketing areas such as communications materials, brand identity, business development, and government contracting materials. Whatever your communication or marketing needs are, Jade and her team are equipped with solutions that assist with success!

Enlighten Design & Marketing works with a range of companies, nonprofits, and government contractors. Jade’s marketing leadership has helped her clients close deals and achieve higher sales thanks to brand awareness and messaging. She has the ability to create communications materials that are easy to read and aesthetically beautiful to win business. She works with clients to identify intentions and implement solutions that ensure repeat business and brand loyalty.

Jade graduated from Kennesaw State University with a degree in Management and Entrepreneurship. She is a wife to an amazing man, a mother to two incredible children, and loves spending time working out, singing, and spending time with her family.

Company website

Richard Rehme, Owner, Intelligent Office

Richard Rehme, Intelligent Office

Work is an activity, not a location. Intelligent Office provides clients with the facilities and administrative support so they can literally work anywhere and still maintain a professional image. They offer conference room and office rental, address and mail services, custom management of incoming calls, support for special projects; literally any service that will help grow a clients’ business. At Intelligent Office, clients only use the services they need and only pay for the services they use. They focus on the routine so clients can focus on the important.

Richard Rehme currently serves as President & Owner of the Intelligent Office locations in Atlanta, Ga. His 20 years of executive business operations and finance leadership with Fortune Global 100 organizations have positioned him as an expert in the field of business efficiency and administrative support services in growing companies.

Company website

Anthony Chen, Host of “Family Business Radio”

family owned craft breweries
Anthony Chen

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

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

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

Tagged With: administrative support, Anthony Chen, commercial real estate, design, DTSpade Specialized Real Estate, Enlighten Design & Marketing, Family Business Radio, Felicia Darling, Intelligent Office, Jade Getchell, marketing, Richard Rehme

Stacey DeWitt, CWK Network Inc., and Stephen Becker, Stephen Becker Automotive Group (ProfitSense with Bill McDermott, Episode 16)

December 10, 2020 by John Ray

Stephen Becker Automotive Group
North Fulton Studio
Stacey DeWitt, CWK Network Inc., and Stephen Becker, Stephen Becker Automotive Group (ProfitSense with Bill McDermott, Episode 16)
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Stacey DeWitt, CWK Network Inc., and Stephen Becker, Stephen Becker Automotive Group (ProfitSense with Bill McDermott, Episode 16)

Host Bill McDermott welcomes Stacey DeWitt, whose CWK Network uses stories which inspire and media that matters to engage and empower students, parents, and teachers. Bill also speaks with Stephen Becker of Stephen Becker Automotive Group, whose childhood passion for the business of collector cars has grown into a substantial enterprise and worldwide recognition as an authority in the industry. “ProfitSense with Bill McDermott” is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Stacey DeWitt, CEO, CWK Network, Inc.

Stacey DeWitt, CWK Network, Inc.

Connect with Kids Network (CWK) is an educational media and technology company that connects communities through inspiring, real stories about the social and emotional issues that change lives. Through dynamic websites, we deliver engaging videos, evidence-based curricula, parent engagement programs, professional development resources, and the communications tools that educators and youth-centered organizations need to inspire positive social action and improve community culture.

CWK owns the nation’s largest non-fiction video library on social and emotional learning (SEL) and parent engagement that includes over 6000 hours of video and thousands of lesson plans, parent fact sheets, professional development materials, and more. Our topics include Attendance and Achievement, Bullying and Violence Prevention, College and Career Readiness, Culturally Responsive Education, Character and Life Skills, Drug and Alcohol Prevention, Digital Citizenship, and Health and Wellness.

Company website

Stephen Becker, President, Becker Automotive Group

Stephen Becker Automotive Group
Stephen Becker, Stephen Becker Automotive Group

Stephen Becker, CEO and President of Stephen Becker Automotive Group, has been an expert on collector cars for over 40 years. He is considered a world-leading authority on 1960s-era Shelby American automobiles, including Cobras, GT350s, and GT500s. His expertise extends into all makes and models of American and European collector cars. Becker was one of the youngest people to ever be selected as a finalist for the Ernst & Young/Inc. Magazine “Entrepreneur of the Year” in the early 1990s. His knowledge, reputation, and business ethics are the leading force of his company, offering an array of boutique services to compliment vehicles it buys and sells. Services include vehicle restoration and repairs, buying and selling services, and car auction services. Stephen Becker personally oversees each and every transaction and service and all work is completed in-house to ensure the highest quality.

Stephen Becker founded Planet Shelby Cobra in 2006 and operated the business until 2016. It was the top-selling dealer for vintage and continuation Shelby Cobras and Shelby Mustangs in the World.

Stephen Becker Automotive Group is a licensed and insured Georgia car dealer. Stephen Becker is also one of the very few hand-chosen members of the NADA advisory board for classic, antique, and muscle cars. Stephen Becker Automotive Group specializes in locating vehicles that are not known to the general public to be for sale.

A core function of the site is to provide a portal that will allow instant live inquiries and two-way, real-time discussions, direct with Stephen himself for car auction expertise, vehicle restoration services, vehicle inspections, valuations, advice, sales or just to “talk cars”.

“I have been lucky enough to work with some of the most passionate car enthusiasts, experts, and collectors for over four decades. Carroll Shelby was my business partner from 1977 until his passing in 2012 and he taught me the automobile business from the ground up. I offer this experience and network to the most discerning clients. The new website will provide a way to communicate who I am and how I can help car collectors worldwide,” adds Becker.

Company website

About “ProfitSense” and Your Host, Bill McDermott

Bill McDermott

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

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

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

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

Tagged With: Bill McDermott, collector cars, CWK Network, media company, ProfitSense, ProfitSense with Bill McDermott, Stacey DeWitt, Stephen Becker, Stephen Becker Automotive Group

What is the Current Credit Environment for Businesses? With Bill McDermott, The Profitability Coach

December 10, 2020 by John Ray

Bill-McDermott
North Fulton Studio
What is the Current Credit Environment for Businesses? With Bill McDermott, The Profitability Coach
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Bill-McDermott
Bill McDermott, Founder and CEO of McDermott Financial Solutions

What is the Current Credit Environment for Businesses? With Bill McDermott, The Profitability Coach

John Ray: [00:00:00] And hello again, everyone. I’m John Ray with Business RadioX. And I’m here with Bill McDermott. Bill is The Profitability Coach, and he coaches professional services firms on their profitability, and their growth and their prosperity. Bill, my question for you is, what is the current credit environment for businesses?

Bill McDermott: [00:00:26] John, that’s a really great question. I have a little bit of a unique perspective on that because before I was The Profitability Coach, I was a banker. So, I spent three decades in my career. That answer to your question, the climate is incredibly tight. Banks are concerned about the lingering effects of the pandemic. Second, about two in 10 loans are getting approved, which means four out of five are getting told no. And so, it’s incredibly tight. Business owners have to figure out how to navigate a tight credit environment more so because the challenges are greater.

Bill McDermott, Founder and CEO of McDermott Financial Solutions

Bill McDermott graduated from Wake Forest University and launched a career in banking that spanned 32 years. He first started out as the “repo man” as part of Wachovia Bank’s management training program before locating to Atlanta to work for Peachtree Bank, which later became SunTrust. There, he distinguished himself as a great producer of loans and deposits for the bank, climbing the ranks to ultimately become a Group Vice President in the Commercial Banking division. In 2001, Bill’s group won the SunTrust Cup for being the highest performing commercial banking group in the company.

Over the next 8 years, Bill worked in community banking, becoming a top producer for IronStone Bank and later helping to double Embassy National Bank’s initial capital in loan production within 15 months. However, in early 2009 as the Great Recession was rapidly altering the economy, Bill’s position as Chief Commercial Lender was eliminated.

As Bill searched for what was “next”, he realized that he had built a treasure trove of knowledge of banking and financial acumen and had a desire to share it. Bill combined his sales success from his banking/insurance experience with his deep financial/analytical skills and launched McDermott Financial Solutions in April 2009. His purpose quickly became “making business owners better financial managers”. Over the past 11 years he has served over 200 clients by delivering results-oriented insights, helping to take them from financial confusion to financial clarity.

Bill currently sits on the board of directors for Pinnacle Bank, as well as the board for the Peachtree Corners Business Association, where he serves as vice president. He also hosts a monthly podcast, ProfitSense, which features stories of successful business owners and the professionals that advise them. When Bill is not working, you can find him on the golf course, gardening, spending time with his family, and leading a small group at his local church.

Bill is the host of “ProfitSense with Bill McDermott.” To find the show archive, go to ProfitSenseRadio.com.


The “One Minute Interview” series is produced by John Ray and in the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link.

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.

Decision Vision Episode 95: Should I Buy an Existing Franchise? – An Interview with Leslie Kuban, FranNet Atlanta

December 10, 2020 by John Ray

FranNet Atlanta
Decision Vision
Decision Vision Episode 95: Should I Buy an Existing Franchise? - An Interview with Leslie Kuban, FranNet Atlanta
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Decision Vision Episode 95:  Should I Buy an Existing Franchise? – An Interview with Leslie Kuban, FranNet Atlanta

Leslie Kuban, FranNet Atlanta, joins host Mike Blake to discuss the pros and cons of buying an existing franchise business vs. starting a new franchise from scratch. “Decision Vision” is presented by Brady Ware & Company.

Leslie Kuban, Market President, FranNet Atlanta

For over 30 years, FranNet experts across North America have been matching individuals with franchise opportunities through a no-cost, extensive educational and coaching process.

Locally owned and operated, FranNet Atlanta has consistently been a top producing FranNet office. Our team of experts has helped over 500 individuals and families choose the best franchise brand for their needs and goals.

After a rewarding chapter with Mail Boxes Etc. (now the UPS Store), Leslie and her father launched FranNet Atlanta in 1999. They’re well versed in growing a family business during strong economic times and in recessions. They’re proud to have helped over 500 individuals and families choose the best franchise brand for their needs and goals.

Leslie became an Amazon bestselling business author as one of 15 franchise industry thought leaders contributing to More Than Just French Fries, a collaborative work on successful business ownership through franchising. Leslie is featured in Chapter 9: Family Ties, where she discusses multigenerational franchise ownership. Leslie has won 17 awards within FranNet since 2001 and is a graduate of Vanderbilt University.

Connect with Leslie on her company website and on 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.

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®.

Visit Brady Ware & Company on social media:

LinkedIn:  https://www.linkedin.com/company/brady-ware/

Facebook: https://www.facebook.com/bradywareCPAs/

Twitter: https://twitter.com/BradyWare

Instagram: https://www.instagram.com/bradywarecompany/

Show Transcript

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

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

Mike Blake: [00:00:41] 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. Brady Ware is sponsoring this podcast, which is being recorded in Atlanta per social distancing protocols. 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: [00:01:09] So, today’s topic is, Should I buy an existing franchise? And we’ve had a couple of shows on franchise topics before. We have had a show early on with Anita Best to talk about, you know, should I, basically, buy into a franchise system and start a new franchise? We recorded a couple of weeks ago, and it will be out by the time you hear this but it’s not published yet as of the date of this recording, with Lauren Fernandez where we talked about the decision to take your existing business and to become a franchisor. And then, to kind of complete the three-legged stool here, we’re going to talk to our next guest about buying an existing franchise. And I think that’s a different discussion. We’re going to find out just how different. I could be entirely wrong. It could be a boring podcast. But I don’t think I’m wrong. I think there are some subtle differences that, despite their subtlety, are important.

Mike Blake: [00:02:10] Because buying something that somebody already has up and running is different from starting something new, good or bad. You can buy something that’s already been successful and then your goal is to not run into the ground. Or, you could buy something that has its own problems, kind of like buying somebody else’s car. You may be buying into their problems and you need to understand kind of where they are. And there are different implications in terms of the capital required and value. When you open a new franchise location or you’re a new franchisee into a system, you know, your cost is largely startup costs and you’re trying to capitalize to make sure that you have sufficient capital to develop and grow the business and survive for, at least, a little while in case the business doesn’t take financially right away.

Mike Blake: [00:03:07] Whereas, with an existing franchise, just like any other business, if it’s already successful, an owner is rightly going to expect to be paid for the fact that they built and own a successful business that is an income-producing asset. So, it is different. And this kind of topic, I think, given where we are with coronavirus where a lot of people are in transition, the data shows that people are now considering and launching into being their own boss and being the owner of their own company in numbers that we have not seen for a long time. And I think this is by necessity. There have been massive job losses. We’re still hovering 800,000 and 900,000 new unemployment claims a week, which by American standards is very high. And there are industries and jobs that are not coming back. I mean, it’s unfortunate. It’s hard to hear. But, you know, the people who are going to successfully transition are going to be the ones who make peace with that earlier than later and take aggressive action as to what their next step is.

Mike Blake: [00:04:19] So, I think this is going to be a good show as just about all of our shows have been, thankfully. And joining us today as our expert is my friend, Leslie Kuban, of FranNet. FranNet helps their clients buy the right business so that they can make income they need in a business they enjoy. FranNet are experienced local franchise experts, consultants, and brokers that help you match the perfect business opportunity to meet your goals. They assist with identifying franchises for sale, matching the right franchise to the right buyer, and performing due diligence.

Mike Blake: [00:04:53] After a rewarding chapter with Mail Boxes Etc. – now, the UPS Store – Leslie and her father launched their franchise consulting business in 1999. They’re well versed in growing a family business during strong economic times and in recessions. They’re proud to have helped over 500 individuals and families choose the best franchise brand for their needs and goals.

Mike Blake: [00:05:14] Leslie became an Amazon bestselling business author as one of 15 franchise industry thought leaders contributing to More Than Just French Fries, a collaborative work on successful business ownership through franchising. Leslie is featured in Chapter 9: Family Ties, where she discusses multigenerational franchise ownership. Leslie has won 17 awards – that I can account – within FranNet since 2001 and is a graduate of Vanderbilt University. Leslie, thank you for coming on the program and welcome.

Leslie Kuban: [00:05:44] Well, thank you. That’s quite an introduction. I appreciate it.

Mike Blake: [00:05:48] Well, it’s your fault you did all those things. So, before we get started, I got to ask you a question, because as I was preparing for the show today, and you and I have known each other for a bit, but I didn’t realize something that, actually, you started that Mail Boxes Etc. franchise right out of school, didn’t you?

Leslie Kuban: [00:06:05] I was not even a year out of college. And so, I didn’t know a whole lot about business. So, I think it’s a good example of if I could do it, then anybody should be able to learn it and do it.

Mike Blake: [00:06:18] I mean, I want to get some of that background story. This isn’t what we brought you on for, but I do think it’s a really interesting conversation in itself. I mean, it it seems very daunting. It seems almost impossible to imagine that you graduate from college, here’s your degree, and then, bang, you’re a franchise owner. Can you talk a little bit about kind of how that happened and how you made that happen?

Leslie Kuban: [00:06:45] Well, I had some help. I mean, that’s for sure. And to be fair, I can’t say my experience was completely cold. My father had been in franchising for a long time prior to that. And a very actually similar story to most people that I work with today, he had a long career and a big company, 3M. It was all he ever knew. Corporate reshuffling happened for him and had him look at business ownership as a career option. And franchising was how he entered into business ownership. So, I grew up around small business. We had a successful sign company. He had dealt with some other franchise brands. I managed a MotoPhoto franchise in high school that he had been involved with. And so, it wasn’t really my first rodeo.

Leslie Kuban: [00:07:34] But I graduated college. I didn’t really see myself wired to go do the corporate thing. Back in the day, Andersen Consulting came on Vanderbilt campus with their army of recruiters recruiting college graduates. And I think I was the only one who didn’t get a job offer from them because I just wasn’t wired for that. And so, I graduated school. And kind of since doing something on my own was my path and speaking of existing franchises, this was an up and running Mail Boxes Etc. franchise that my father helped me find and get into. And it was a struggling location. The owner had basically abandoned their business so I was able to take it over for practically nothing. And I made it work because MBE was a really strong franchise with great training. And I went through the full suite of franchise training, even though it was an existing location. I had all the support resources that I called every day needing help with this and with that. And that’s how I made it work and it was successful for me.

Mike Blake: [00:08:42] Well, I’m glad we went down this road because I did not know this. So, what we’re learning is that your first experience in the franchise world is exactly the topic of this conversation. You bought an existing franchise and maybe one that was underperforming, that maybe opened some doors for you. But that is, in fact, how you got started.

Leslie Kuban: [00:09:01] Yes. Yes. It sure is. So, very topical.

Mike Blake: [00:09:06] Yeah. So, good, we picked the right guest for sure. You know, you can buy a franchise and you can buy a standalone business. And the first question is, are those two things different at all or are there some significant differences that someone needs to be aware of if they’re going to look at buying an existing operating franchise as opposed to a standalone business?

Leslie Kuban: [00:09:34] I think there’s certainly some similarities but there are some key differences, and I’ll just jump into the differences. So, first of all, the franchisor is always going to reserve the right to approve the buyer. So, if I’m a franchisee and I want to sell my business or I need to exit, I can’t just go sell it to everybody or to anybody. So, any potential buyer of my franchise at some point is going to have to interact with the franchisor. They’re going to have to go through the same disclosure process and education process. The franchisor has to want that person. They have to feel like that person has the right skills and credentials and money to take that business over and make it work. So, that’s a key difference, is, if you have an independent business, there’s no one out there in reserving right to approve that transaction. Go ahead, Mike.

Mike Blake: [00:10:35] You’re right. You’re right. I do think that’s a key difference. And that segues, actually, nicely to the next thing I want to talk about, which is, in your experience and you’ve been doing this for a while now, how often does a franchisor exercise their right to block a sale?

Leslie Kuban: [00:10:52] So, a franchisor’s incentive is to further the system and grow their royalty stream and the validation and success of their brand. So, they have a franchisee who needs or wants to exit and isn’t really gung ho about participating in the business anymore. Then, it is to their advantage to help in that process and to facilitate a new buyer coming in who’s going to be committed and energized to run the business. So, the only time a franchisor would not approve someone is if they think that potential buyer just isn’t a good candidate. They don’t have the right talents. They don’t have the right commitment level. They don’t have the money. That would be the only reason I could think of that they would not approve a buyer of their franchisee who’s ready to go.

Mike Blake: [00:10:52] And in your career, how often has that happened? And I’m happy to give you a chance to apply yourself here as part of your process making sure that a buyer would not prompt a franchisor to exercise that option.

Leslie Kuban: [00:12:01] Well, I mean, in 21 years of being in my business, I can’t think of a scenario of where the buyer was not approved. Because that’s what my business is. I mean, my business is providing qualified buyers. So, if I’m doing a good job on my end of making sure that the franchise is a fit for what the buyer is looking for, they have the right credentials of what the franchisor is looking for, that usually isn’t the problem. The problem usually comes in on the seller. The seller changing their mind about selling their business or having very unrealistic expectations about what their business is worth. Kind of the same reasons, whether it’s a franchise or not, that the seller is usually the issue, not necessarily the buyer.

Mike Blake: [00:12:47] And thank you for reminding me why I got out of investment banking, because that kind of thing used to drive me crazy. And it’s why I have so much respect for people in your business, because it takes a certain mentality to be able to absorb that. Now, in spite of that sort of threat being out there, there must be a reason why buying a franchise might be more attractive than buying a standalone business. So, can you kind of walk us through what is the case for buying into an existing operating franchise as opposed to something standing alone?

Leslie Kuban: [00:13:27] Yeah. Well, I think there’s a lot of good reasons to consider that if the right types of opportunities are available to you. And some of those answers aren’t necessarily just only for an existing franchise. It’s kind of the case for franchising, period, is, it’s a great way to minimize the risk of getting into business because you have the ability to do all kinds of due diligence, whether it’s new or existing. It’s advisable to go out and speak to other franchisees about their experience running that business and their relationship with the franchisor. I mean, you could even speak to franchisees who acquired an existing franchise within that same system and get a sense of comparables and what their words of the wise would be around that. You know, there’s also the benefit of you not being the only one marketing your business. This is just a key franchising benefit as you have lots of people out there marketing the business and creating brand awareness. That’s not all your time and your money and energy doing that.

Mike Blake: [00:14:35] So, I’m glad you brought that up, because, again, I’m not a franchise expert. I don’t hold myself out to be that. But as I was preparing for the show and kind of reading through other people’s blogs and newsletters and whatnot on why you should buy a franchise, how to do it, and so forth, one thing that occurred to me that I don’t know is talked about enough is that, I think, a franchise in many ways is more transparent than a garden variety standalone business. Because the systems demand that transparency. And you have that disclosure document and you can talk to other people that literally owned the exact same business elsewhere designed to be carbon copies. You can’t do that with most other standalone businesses, right?

Leslie Kuban: [00:15:24] Exactly. I mean, you can try to go talk to some competitors. But competitors have no real incentive to help you do your due diligence if you’re going to become a competitor. And franchisees, they’ll tell you the good, the bad, and the ugly. I mean, you really get the real deal, what people like, what they don’t, what kind of money it took them to get to cash flow positive, how they financed the business, what they would do differently. There’s no crystal ball in any of this. But that’s the closest thing that I’ve seen and experienced myself that you can take advantage of when you can go out and speak to people in the same business who really would be collaborators and not competitors to you by and large.

Mike Blake: [00:16:06] You know, there’s something about franchises that I’ve learned, again, preparing for the show and others, that, the good franchises seem like communities, almost fraternities, if you will. Am I overstating that? Am I drinking too much of the Kool-Aid? Or is that a fair characterization?

Leslie Kuban: [00:16:25] I think it’s in the pathway of very fair. Like, I think I’m great friends with many of my fellow FranNet franchisees. FranNet is a franchise, by the way. I don’t know if I’ve ever shared that with you. So, in my business as a franchise consultant and broker, I’m a part of a brand. I have a franchise agreement. I pay the royalties. So, yeah, I’ve become great friends with many of my fellow FranNet franchisees. We vacation together. We help each other. If we’re troubleshooting ideas, that’s usually my go-to is brainstorming with some of my fellow colleagues that are not competing with me but collaborate with me. So, we’re all on the same team and we wear the same jersey, which is a lot of fun.

Mike Blake: [00:17:12] So, on the less fun side, but I think a reality, is that I’ve seen instances where a franchisor sometimes forces a sale. Well, I’m just going to stop there. Is that true? And why does that happen? And in your mind, from a biased perspective, is that a red flag or a bargain opportunity?

Leslie Kuban: [00:17:37] So, what I’ve seen, I can’t say that I’ve ever seen a franchisor force a sale. But, certainly, they will terminate franchisees who are uncompliant. And some typical grounds for termination would be a real backlog of not paying owed fees and royalties. Most franchises have a minimum performance standard of some kind to stay a part of the system. You have to meet a certain revenue level. They may calculate that differently, but they’re not going to allow franchisees just to be dormant, sitting on territory, doing nothing. So, I’ve definitely seen franchisors terminate franchisees who have abandoned their business or are way out in left field in terms of what they need to be doing. But I can’t say that I’ve ever seen a franchisor force a sale, that contractually forced a sale.

Mike Blake: [00:18:41] Okay. Again, you’re the expert. I’m not. But in the limited work that I’ve done – and this is probably why I’ve gotten involved with my hat as an appraiser – is that, I have been involved in one or two instances where it was effectively a nonperformance issue. And the franchisor doesn’t want bad franchisees out there, because that can be, for lack of a better term – there probably is a better one – but it can be cancerous on the brand, right? If the one location of a franchise, the only one that a big part of the market sees, that does cast a blight and makes it difficult for others to kind of establish and maintain their brand and reputation.

Leslie Kuban: [00:19:26] It is the franchisor’s responsibility to protect the investment of their other franchisees to deal with rogue franchisees who could be damaging the brand and other franchisee investments.

Mike Blake: [00:19:40] Well, yeah, that’s right. And I’m sure that often a lever that is used, if it’s not outright forcing the sale, is that there is a threat out there that you’re not guaranteed a franchise for life, right? So, either shape up, ship out, or sell out. But one way or the other, this thing is changing.

Leslie Kuban: [00:20:01] Yes. Yes. So, I think, actually, you know, selling your business and maybe getting something for your investment versus an outright termination, in my mind, would be attractive to the exiting franchisee. And it could definitely be a bargain for a new franchisee coming in. They’re probably going to have some problems to fix, some things to clean up, which will require investment of time and energy and money. So, it probably isn’t going to be worthless, but it could be a good opportunity, definitely.

Mike Blake: [00:20:36] So, let’s take a step back here, because we’ve gone into the weeds, which is good, I want to do that. But somebody may be listening right now or is going to be at this point on the podcast saying, “Okay. This sounds great. Where do I start? How do I identify a franchise that’s potentially for sale?” I mean, do you open up Craigslist? Does somebody email you? Do they find them on Facebook marketplace? How do you start? How do you identify something for sale?

Leslie Kuban: [00:21:06] So, I think some of the common channels, bizbuysell.com, of course, is the largest online marketplace. But a good business broker friend of mine said, “You know, what you ought to do is have a good stiff drink before you get on BizBuySell and just kind of peruse what is out there.” Because the reality is, there’s so much garbage out there. So, existing franchises is about 20 percent of my business. And the reason it’s not more is because finding good opportunities is hard. And so, BizBuySell would be a place to start. Certainly, some business brokers, the way it works in my world is – you know, I’m not a business broker that’s taking listings – when a franchisor knows of one of their franchisees who’s ready to exit the business for whatever reason, they’ll call me and give me some information about that business. But I’m not seeing or evaluating or auditing the franchisee’s financial statements, but it can be one of the arrows in my quiver of potential opportunities. So, I’m a source for those kinds of opportunities. But, still, if you’re really bent on buying an existing business, I would just plan on taking quite a while and having to kiss a lot of frogs before you find the right opportunity.

Mike Blake: [00:22:29] Okay. So, you said something that I want to drill down on because I think there’s a real opportunity here to educate. You look at BizBuySell listings and a lot of them – we’ll just go ahead and use your vocabulary – are garbage. For somebody that has a trained eye like yourself, what are the things that you look at and you can spot, that somebody like me who is not a franchise expert would miss, and say, “Okay. I already know looking at it for two seconds, it’s not worth my time. Nothing to see here. Move on.” What are the kind of things that sort of send those signals to you?

Leslie Kuban: [00:23:02] Well, the first questions that I’m going to ask are, of course, what is the performance of the business and what is the seller thinking that it’s worth? And there is usually a big divide – oftentimes a big divide – in what the seller thinks it’s worth. This whole notion of valuation is a little bit of a slippery slope, because at the end of the day, the value is what the buyer is going to buy it for and what the seller is willing to sell it for. And, usually, neither are satisfied at the end of the day. I’m sure you see that every day in your line of work.

Mike Blake: [00:23:38] It’s come up

Leslie Kuban: [00:23:39] Yes. But sometimes the seller is just in fantasyland on what they actually think the value of their business is. On one hand, it’s their baby. They put a lot of time and energy into it. And they’re looking to recoup what they’ve made from it or what they put into it at a minimum. And I actually think there’s an argument for that. I mean, one way to look at this is, if I were to buy that same franchise in that same territory as a startup, what would it cost me to get into the business and get it to where it is now? There’s an argument that that’s some kind of a baseline value. Not everybody sees it that way, and I understand that, too.

Leslie Kuban: [00:24:24] But that’s the first thing, it is the questions that I’m going to ask. Where is the seller? Are they really ready to sell? What is their plan after they sell their business? Too many times, you know, someone gets to the 11th hour of selling their business and the buyers already put a lot of time and effort into financial evaluation and hiring the attorney. And then, the seller doesn’t really have a plan for after the sale and they get scared and bail on selling the business, which is really frustrating for everybody.

Mike Blake: [00:24:56] Yeah. And expensive.

Leslie Kuban: [00:24:58] And expensive. So, right off the bat, I’m kind of asking questions around where the seller is, what their plans are, and that right there can give me a sense of if I’m even going to mention it to people I’m working with because I don’t want to waste their time.

Mike Blake: [00:25:15] There’s so much to unpack here, because a lot of what you’re talking about, I think, also applies to buying a standalone business too. The seller’s motivation, desire to sell, you know, on a failing franchise or failing business, really, one of the hurdles I think people face is, you know, we’re psychologically hard wired against loss. And so, the business owner has a construct in their mind that says, “Well, if I can just get out what I got back, I’ll be great.” But your business may not be worth what you put into it. There are businesses that actually destroy value. And, you know, it’s really about sort of get what you can. And it’ll take some time to reconcile a seller. And, unfortunately, it may take three or four, two or three failed purchase efforts or failed sale efforts to convince them that even what they put in is not a sustainable value because people keep walking off the lot, basically.

Mike Blake: [00:26:26] But, you know, it’s interesting that you put valuation very high in there. And I don’t talk about valuation a whole lot of the podcast because I don’t want to make it about me. But I think it’s very interesting that valuation comes up so early for you. And what that tells me is that, from your mindset, one thing that you think about very clearly and very early is that, does this make financial sense?

Leslie Kuban: [00:26:51] Yeah. And, I mean, in an ideal world, you want it to be a win-win for everybody. But, you know, the new buyer needs to be able to come into the business. They need to understand what could they do differently very quickly to turn that business around if it’s a struggling business. Some are very successful businesses and people are cashing out on their equity. And that’s a whole different conversation. But, you know, a lot of what is out there has some warts on it. And where the franchisor can come into play and actually kind of help with some of the stuff is in having a process for educating their franchisees. And they’re selling franchisees on what they need to have in place before they will help that franchisee sell their business. And a franchisor cannot dictate the value of the franchise. They cannot tell their franchisee, “You have to sell your franchise for this.” But they can give some strong recommendations of what is realistic and kind of coach their franchisees on how to think about it and how to position it so that they can actually exit, hopefully, in a satisfactory way.

Mike Blake: [00:28:07] Yeah. Great. This is great. You’re driving this conversation in really awesome places. So, that reminds me in a couple of the franchise scenarios in which I’ve been involved, sometimes the franchisor will even make available data on valuation multiples for what other franchises in their system have sold for. Not all the time. And I’m not even sure it happens a majority of the time. But it happens more than once in a meteor strike, basically. Have you seen that as well? And if so, how often or how accessible can that data be?

Leslie Kuban: [00:28:43] Yeah. Comparables. And I think you start to see that with more mature franchise systems. And this is kind of on my end of things, the franchisor really being my paying client. They’re the ones with whom brokers, like me, have our contract. We have our financial relationship with the franchisor. And what we see is that, sometimes franchisors, younger brands, they haven’t even thought about this until they have their first resale on their hands. And they kind of scramble with, “Oh, boy. What do we do now?” And don’t have a process in place. So, what you’re referring to, you really see with more mature brands that even have a whole resale department. I worked with some very mature brands that they have dedicated people in their franchise development departments just handling resales. But you don’t see that until the brand usually has 300 or 400 franchisees out there and enough transitions under their belt to really figure that out and have a streamlined process to help both the buyer and the seller with that.

Mike Blake: [00:29:50] So, in the intro, you mentioned something that leads to a question I want to make sure that we covered, and that is, as a new franchisee entering by way of being the buyer, am I going to have the same access to training as if I were a new franchisee? And if so, is it the exact same? Is it different in an existing system? And who bears that cost?

Leslie Kuban: [00:30:20] So, the short answer is yes. A good franchisor is not going to rely on their exiting franchisee to train their new franchisee. And things may be very different. The franchisee who is selling, they may have been in that business for 10 years, 15 years, longer. And so, advancements in the business, their systems, the services they offer probably have evolved over that lifespan of that exiting franchisee. So, I can’t think of a scenario where the franchisor is not also reserving the right to train the new buyer in the same way that they would train any new franchisee coming into the system. And the more sophisticated brands – I actually had this just happen with a recent transaction – where they’ve been around long enough to where they know that a buyer coming into an existing franchise is going to have different needs than the buyer of a new license. So, with more mature franchises, they may have an extra track for buyers of existing franchises. But, again, you see that in much more mature brands. Not in emerging brands.

Mike Blake: [00:31:30] And that’s a great question to ask about, right? And one of the things I’m learning through this conversation is that, when you’re buying into a franchise system in this way, you’re really performing due diligence in two directions, one of the franchisor and one of the selling franchisee. And one of those questions may be, “Hey, do you have a separate track to help me kind of get on board?” And that can be very comforting, right? Because if it’s a standalone business, more often than not, the seller wants to drop off the keys and retire to their condo in Costa Rica, basically, and never see it again.

Leslie Kuban: [00:32:06] Yeah. They’ve joined the circus at that point. And so, if you’re asking what might the benefit be of an existing franchise versus someone’s independent company – this is a big one – is the availability for initial and ongoing training and support from the franchisor, the collaboration with the other franchisees. It can be a game changer.

Mike Blake: [00:32:29] And that means as a buyer, you don’t necessarily have to be an expert in that business on the way in. One of my cardinal rules of investing is, a great way to lose your money is to invest in something that you do not understand. And buying a business that you don’t understand and don’t have an opportunity to get to speak quickly in a formal way, that’s just asking for trouble. And from what you’re describing, buying an existing franchise does take a lot of that particular risk off the table.

Leslie Kuban: [00:33:01] And not only that, but most franchise companies and industries – not all, but most -they would prefer someone who doesn’t have any industry experience. They want someone who has the right soft skills. Like, if it’s a business to business franchise, your key role as the owner is probably business development and sales and outbound relationship cultivation. So, they would like to see that you’ve been successful in that soft skill somewhere in your history. Or you’re confident that you have the ability to learn it. Others, you may have a lot of employees and your role as the owner is, you know, team and employee leadership and development. So, have you been in a leadership and management role somewhere in your career? But if you have a lot of experience in their industry, you’re probably bringing your baggage and your bad habits, some good habits, too. But, typically, they would rather have a fresh slate and train you in the way of their business. But you’re bringing the right soft skills to get off the ground running quickly with whatever skills are required. So, there’s a difference between skills and experience here. They definitely are looking for certain skills, but prefer that they be the ones to train you and give you the experience in their industry.

Mike Blake: [00:34:19] So, let’s switch gears a little bit here. Often – not all the time – but often franchisees own more than one location. I would argue that’s indicative of a pretty successful one because scale and franchising is really important. Are sellers at all willing to sell their franchisees off piecemeal? Or, more often than not, do you got to be able and willing to buy the whole thing or find something else?

Leslie Kuban: [00:34:47] You know, I see both, Mike. I can’t say one or the other is really the more common available opportunity. You know, I saw this a lot of my Mail Boxes Etc. days, that being the owner of multiples required very different skills than owning one. And people may have been very successful in owning one. But then, they get into a whole different ball game trying to lead and manage multiples, and they realize it’s just not for them. They’re not wired for it. So, oftentimes, you will see franchisees sell their second or third business that they’ve tried to start and realize that it’s just more than they can handle if they want to retain their original business, because that’s where they are in their comfort zone. So, I’ve seen that a lot. But if they’re really ready to exit the business, they usually are preferring to sell the whole business, whatever that looks like.

Mike Blake: [00:35:43] I think that’s really interesting because, I think, that’s such an astute observation that warrants spending a bit on it. And it is a different skill set. You know, running a one location shop is a very different skill set, is a very different temperament from managing a system, chiefly, because you cannot be at all your places of business at the same time. And so, it must put much more pressure on your ability to hire well and to put in systems. And, as I like to call it, you know, you have less of an opportunity to outwork your mistakes, basically. It just isn’t enough if you’re going around. Is that kind of where you’re coming from?

Leslie Kuban: [00:36:30] Yeah. And sometimes it’s someone’s comfort zone is being able to see and put their hands on every element of the business. You grow into multiple territories. I mean, you’ve got to hire people to help you. You can’t be in three different places at once. And so, it becomes does one have the comfort and ability to delegate through others and hand over responsibility and control to others. And some people are just not good at that or they’re not comfortable with it.

Mike Blake: [00:37:00] So, you know, price in terms of buying a business is important. The other part of it is where do you come up with the money. And, of course, you know, some businesses are bought where somebody just has cash in their account. They wire and then they own the business. But often they’re financed in some way. Standalone businesses have the luxury or, at least, the option of some sort of seller financing. And that’s a long preamble to the question being this, that, are the financing options different for buying a franchise as opposed to buying a standalone business? And if so, how are they different?

Leslie Kuban: [00:37:40] I haven’t seen them be substantially different, Mike. I think it’s kind of the same scenario of the proper equity injection that the bank would require. Oftentimes, there is some seller financing or an earn out in some form or fashion. I think what might help, though, is if the franchise has a history of successful SBA financing behind it. It actually can hurt or it can help that there’s what’s been termed an SBA registry that franchise brands will be known to be on. And there’s a history there of loan payment or defaults. And so, if it’s a good history, it might expedite the process a little bit. And that whoever the lending sources has some familiarity and comfort with the brand, they still have to be comfortable with the borrower and with the deal. But it might expedite it a little bit. You still have to be a qualified buyer in order to get the financing. And there, oftentimes, is some seller financing. Maybe it’s making up the gap between what the bank is willing to lend, and what the seller wants for the business, and the buyer still wanting to buy that business, even though the bank is only willing to bank it so much.

Mike Blake: [00:39:02] So, franchises almost always have something that they are subject to call a franchise disclosure document or something like that. As I’m buying into an existing franchise, can you talk about where would you start looking in terms of making sure there’s nothing in the document that would be a showstopper for me? What are the key areas that I need to pay attention to or maybe tell my lawyer to pay attention to as I review that document?

Leslie Kuban: [00:39:32] Well, I think the key is having a qualified franchise attorney to review the franchise disclosure document, review the franchise agreement, which may be very different than the franchise agreement and the FDD of the seller. If they’ve been in the business for 10 years or 15 years, the terms in the FDD and the franchise agreement do evolve over time. So, it would be important for the buyer to – and the Federal Trade Commission regulates this. So, it’s really not an issue that the buyer has to obtain and have in their possession for at least 14 days the most current FDD and franchise agreement. And there’s things in there that you want to pay attention to, like the investment.

Leslie Kuban: [00:40:21] But what is reported in the FDD is investment for a new franchise. They’re not typically giving information pertaining to buying an existing franchise other than transfer fees. There’s usually a transfer fee that is involved. The new buyer would be signing a new franchise agreement. They’re not assuming the remaining amount of time on the seller’s franchise agreement. So, I mean, I think that you’re looking for the same things that you would be looking for in a new franchise. But really, the resource is a good franchising attorney than trying to decide for yourself what does or doesn’t make sense.

Mike Blake: [00:40:59] I’m talking with Leslie Kuban of FranNet, and the subject is, Should I buy an existing franchise? So, on the topic of that franchise agreement, is there a possibility that the agreement I’m going to be signing as the buyer may be different from the one that was signed going in? Maybe the terms and limiting conditions have changed. Maybe they’re purely pro forma because of court decisions or new regulations, something like that. But can you assume that the new franchise disclosure – I’m sorry – the new agreement I’m going to sign as a buyer is substantially the same as the one that the seller is operating under? Or, do I look at that very carefully to see if there are any changes?

Leslie Kuban: [00:41:49] Well, it may be very similar. It may be very different. I think there’s a lot of it depends embedded in there. The biggest one being, how long has the selling franchisee owned that business? If they’ve been a franchisee for 20 years, their original franchise agreement is probably different in some form or fashion. And it may be around fees. Franchisors do tend to increase their fees over time. And some of that is just when they’re young, they just don’t know any better. They don’t really know what is required to successfully run and augment their systems. So, they do tend to realize they need to increase their fees over time. So, that’s usually the biggest difference. Sometimes they have changed territory sizes. They may be larger. They may be smaller.

Leslie Kuban: [00:42:47] The selling franchisee agreement, in some ways, is almost irrelevant because the new buyer is going to have to sign a new franchise agreement under the new terms, whatever they are. A franchisor can’t cut some special deal if you get a different royalty rate or you have a different term to the agreement. So, I’m not going to say it’s completely irrelevant, but I don’t know that that’s a source of negotiation with what the original franchisee’s terms were in their agreement.

Mike Blake: [00:43:18] Now, you touched on this but I want to be clear, in your model, you get paid by the franchisor or the seller, I guess, just like a business broker or an investment banker would, right? So, somebody who’s looking to buy a franchise doesn’t owe you a dime under most cases, I guess? And so, I imagine that puts you in a position of kind of sifting through who’s going to kind of make it to the finish line. Because you can’t afford to spend a lot of time on nonbuyers, basically. And so, my question is this, what are the characteristics of somebody that you get to know and it doesn’t make sense for them to buy a franchise? You can see they’re just not wired to be part of a franchise system or something. You know, when is somebody kind of not ready and maybe they should consider going back to looking at a conventional business instead?

Leslie Kuban: [00:44:15] So, if the question is an existing franchise versus an independent existing business, I think the answer is, you know what, you’re a part of a franchise. You do have to comply with some things. You can’t just go off and do whatever you want. When I had my Mail Boxes Etc., I couldn’t just decide to sell pizza out of my franchise. You know, the training and the systems and the protocols, I kind of liken them to guardrails that helps someone learn and run that new business, that helps them prevent themselves from making fatal mistakes. But it also kind of hold you in to something.

Leslie Kuban: [00:44:57] So, you have to be comfortable with the fact that you do have to kind of toe the party line on some things and you can’t just go out and do everything you want. And so, I think the person who is wired for that, they air on the side of, “I like the security and the safety of having something that have some systems to it, and I’m willing to forgo some individual freedoms.” But there are, too, people who are just too entrepreneurial and would never work well in any franchise system. So, that’s part of it. And I think someone who’s a true lone wolf, you know, they may not like the fact that you’re involved with other franchisees in the same market. You are swimming in the same swimming pool. And people who view that as competitive versus collaborative, you know, may be better off going the independent route than the franchise route.

Mike Blake: [00:45:56] Leslie, this has been a terrific conversation. There are other questions that we could cover, but we don’t have the time to do that. If people have questions about buying into a franchise, can they contact you? And if so, what’s the best way for them to do that?

Leslie Kuban: [00:46:09] I would love for them to contact me. I’m on LinkedIn, so that’s always a great place to hook up. But my number is 404-236-9115. And my website is FranNet, F-R-A-N-N-E-T, .com.

Mike Blake: [00:46:28] That’s going to wrap it up for today’s program. I’d like to thank Leslie Kuban so much for joining us and sharing her expertise with us. We’ll be exploring a new topic each week, so please tune in so that when you’re faced with your next executive decision, you have clear vision when making it. If you enjoy these podcasts, please consider leaving a review at your favorite podcast aggregator. It helps people find us that we can help them. Once again, this is Mike Blake. Our sponsor is Brady Ware & Company. And this has been the Decision Vision podcast.

Tagged With: buying a franchise business, franchise, Frannet Atlanta, Leslie Kuban, Michael Blake, Mike Blake

Seasonal Affective Disorder- Episode 46, To Your Health With Dr. Jim Morrow

December 9, 2020 by John Ray

Seasonal Affective Disorder
North Fulton Studio
Seasonal Affective Disorder- Episode 46, To Your Health With Dr. Jim Morrow
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Seasonal Affective Disorder- Episode 46, To Your Health With Dr. Jim Morrow

Seasonal affective disorder is common in winter months with shorter daylight hours, and Dr. Morrow addresses symptoms as well as treatment options, both medicine and therapy, for this condition. “To Your Health” is brought to you by Morrow Family Medicine, which brings the CARE back to healthcare.

About Morrow Family Medicine and Dr. Jim Morrow

Morrow Family Medicine is an award-winning, state-of-the-art family practice with offices in Cumming and Milton, Georgia. The practice combines healthcare information technology with old-fashioned care to provide the type of care that many are in search of today. Two physicians, three physician assistants and two nurse practitioners are supported by a knowledgeable and friendly staff to make your visit to Morrow Family Medicine one that will remind you of the way healthcare should be.  At Morrow Family Medicine, we like to say we are “bringing the care back to healthcare!”  Morrow Family Medicine has been named the “Best of Forsyth” in Family Medicine in all five years of the award, is a three-time consecutive winner of the “Best of North Atlanta” by readers of Appen Media, and the 2019 winner of “Best of Life” in North Fulton County.

Dr. Jim Morrow, Morrow Family Medicine, and Host of “To Your Health With Dr. Jim Morrow”

Covid-19 misconceptionsDr. Jim Morrow is the founder and CEO of Morrow Family Medicine. He has been a trailblazer and evangelist in the area of healthcare information technology, was named Physician IT Leader of the Year by HIMSS, a HIMSS Davies Award Winner, the Cumming-Forsyth Chamber of Commerce Steve Bloom Award Winner as Entrepreneur of the Year and he received a Phoenix Award as Community Leader of the Year from the Metro Atlanta Chamber of Commerce.  He is married to Peggie Morrow and together they founded the Forsyth BYOT Benefit, a charity in Forsyth County to support students in need of technology and devices. They have two Goldendoodles, a gaggle of grandchildren and enjoy life on and around Lake Lanier.

Facebook: https://www.facebook.com/MorrowFamMed/

LinkedIn: https://www.linkedin.com/company/7788088/admin/

Twitter: https://twitter.com/toyourhealthMD

The complete show archive of “To Your Health with Dr. Jim Morrow” addresses a wide range of health and wellness topics, and can be found at www.toyourhealthradio.com.

Dr. Morrow’s Show Notes

 What is seasonal affective disorder?

  • Seasonal affective disorder (SAD) is a type of depression that is triggered by the seasons of the year.
    • Symptoms usually begin in late fall or early winter.
    • People with SAD usually feel better in the spring and summer.
    • It is thought that SAD is related to changes in the amount of daylight during different times of the year.
    • Some people have SAD with depressive episodes in the summer instead of winter.
      • This is much less common.

How common is SAD?

  • Between 4% and 6% of people in the United States suffer from SAD.
  • Another 10% to 20% may experience it in a milder form.
  • SAD is more common in women than in men.
  • Some children and teenagers get SAD. But it usually doesn’t start in people younger than 20 years of age.
  • The risk of SAD decreases for adults as they age.
  • SAD is more common in northern regions of the United States.
    • Winters are typically longer and harsher there.
    • There is also less sunlight because they are farther away from the equator.

Symptoms of SAD

  • Not everyone who has SAD experiences the same symptoms.
    • Common symptoms of winter-onset SAD include:
      • change in appetite, especially craving sweet or starchy foods
      • weight gain
      • fatigue
      • sleeping more than normal
      • difficulty concentrating
      • irritability and anxiety
      • increased sensitivity to rejection
      • avoidance of social situations
      • loss of interest in the activities you used to enjoy
      • feelings of guilt or hopelessness
      • physical problems, such as headaches.
  • Symptoms of summer-onset SAD include:
    • loss of appetite
    • weight loss
    • insomnia
    • irritability and anxiety
  • Symptoms of SAD tend to come back year after year.
    • They usually come and go at about the same time every year.
    • If you think this could be happening to you, call your family doctor.

What causes SAD?

  • In most cases, SAD seems to be related to the loss of sunlight in the fall and winter.
  • Researchers have found that reduced sunlight can affect the body in ways that could contribute to SAD. These include:
    • Circadian rhythm (biological clock) –
      • The decrease in sunlight could disrupt your body’s natural rhythms.
      • This could lead to feelings of depression.
    • Serotonin levels –
      • Serotonin is a brain chemical that affects your mood.
      • Reduced sunlight could cause serotonin levels to drop.
      • This could trigger depression.
    • Melatonin levels –
      • Melatonin is a brain chemical that regulates sleep.
      • More darkness causes the body to produce more melatonin.
      • More melatonin could make you feel more tired and lethargic.
      • These are common symptoms of depression.
    • Vitamin D levels –
      • It is believed that vitamin D plays a role in serotonin levels.
      • Much of the vitamin D we get is from the sun.
      • Less sunlight could lead to a deficiency in vitamin D.
      • This can cause depression symptoms.
  • Some people have a higher risk of developing SAD. Factors that increase risk include:
    • Being female.
      • Four times as many women are diagnosed with SAD than men.
    • Living far from the equator.
      • In the United States, living farther north increases your risk.
      • These areas get less sunlight in fall and winter.
    • Family history. 
      • Having family members with SAD or other forms of depression increases your risk.
    • Having depression or bipolar disorder.
      • If you have one of these conditions, your symptoms may worsen with the seasons.
    • Young age.
      • SAD is more common among younger adults.
      • It has been reported in teens and children.
      • Your chances of getting it decrease as you get older.

How is Seasonal Affective Disorder diagnosed?

  • Your doctor will ask you about your symptoms, thoughts, feelings, and behavior.
    • He or she may perform a physical exam.
    • They may request lab tests to rule out other conditions that cause symptoms similar to SAD.
    • They may refer you to a specialist to diagnose your condition.
    • This could be a psychologist or a psychiatrist.

Can Seasonal Affective Disorder be prevented or avoided?

  • There’s not much you can do to avoid getting SAD.
    • But you can take steps to manage it so your symptoms don’t get worse.
    • Some people start treatment before their symptoms start.
    • They also continue treatment past the time that their symptoms normally go away.
    • Others need continuous treatment to control their symptoms.

Seasonal Affective Disorder treatment

  • The three main ways SAD is treated are with light therapy, behavioral therapy, or medicine.
  • Your doctor may want to combine therapies if using one does not work for you.

·     Light therapy

  • Light therapy is designed to make up for the lack of sunlight during the fall and winter.
    • It has been used to treat SAD since the 1980s.
    • You will sit in front of a special light box every day.
    • The box emits a bright white light that mimics natural sunlight.
    • It seems to make a change in brain chemicals that regulate your mood.
    • The amount of time you sit in front of the light box depends on the strength of the light.
    • It is usually between 20 and 60 minutes.
  • There are other types of light therapy.
    • Instead of sitting in front of a box, you can wear a visor that emits light.
    • Another kind is a “dawn simulator.”
      • This light turns on early in the morning in your bedroom.
      • It mimics a natural sunrise and gradually increases in brightness.
      • This allows you to wake up naturally, without using an alarm.
    • If light therapy helps, you’ll continue it until enough sunlight returns.
      • This usually happens in spring.
      • Stopping light therapy too soon can result in a return of symptoms.
    • When used properly, light therapy seems to have very few side effects.
    • Some side effects include eyestrain, headache, fatigue, and irritability.
    • If you use it too late in the day, you could have trouble sleeping.
    • Talk to your doctor before starting light therapy if you have:
      • bipolar disorder
      • skin that is sensitive to sunlight.
      • conditions that make your eyes vulnerable to sunlight damage.
    • Tanning beds should not be used to treat SAD.
      • The light sources in tanning beds are high in ultraviolet (UV) rays.
        • These harm your eyes and your skin.
        • They also cause skin cancer.

·     Behavioral therapy

  • Talk therapy or behavioral therapy can help you identify negative thoughts.
  • Then you replace those with more positive thoughts.
  • Therapy can help you learn healthy ways to manage your symptoms of SAD.
  • You can also learn how to manage stress.

·     Medicines

  • Your doctor might recommend you take medicine to help with your symptoms, especially if they are severe.
    • Selective Serotonin Reuptake Inhibitors (SSRIs) are often used to treat depression.
    • Some have been approved to treat SAD specifically.
  • You may have to take the medicine for several weeks before you feel better.
  • You may have to try more than one medicine to find the one that works best for you.
  • You can also make lifestyle changes that can help your symptoms.
  • Let as much natural light as possible into your home or office.
    • Open blinds, sit close to windows, and keep your environments as bright as possible.
  • Get outside when you can.
    • Even if it’s cold or cloudy, the light can still benefit you.
  • Keep physically active.
    • Exercise and activity boost endorphins and relieve stress.
    • Both of these can keep you feeling better.

Living with Seasonal Affective Disorder

The keys to living with Seasonal Affective Disorder are to plan ahead and to manage your symptoms.

  • Follow your treatment plan.
    • This includes going to appointments, taking medicines, and following up if things aren’t working.
  • Take care of your body.
    • Eat healthy foods and get enough sleep.
  • Exercise has been shown to have the same effect on depression as antidepressants.
  • Have a plan. 
    • Know what you will do when your depression symptoms start to get worse.
    • Watch for early signs and take action before you feel bad.
  • Don’t turn to alcohol or drugs.
    • They make depression worse.
    • They can also have negative reactions with antidepressants.
  • Manage stress.
    • You can’t avoid stress, so you have to learn to manage it.
    • Talk to a counselor or read about ways to handle stress better.
  • Don’t isolate.
    • It’s harder to be social when you’re depressed.
    • But being alone can make you feel worse.
    • Try to reach out as much as you can.
  • Start treatment early.
    • If you know your symptoms usually start in October, start your treatments in September, before symptoms start.
    • You might be able to prevent them.
  • Plan ahead.
    • Some people purposely plan their lives to be very busy during the time they normally feel down.
      • This helps prevent them from “hiding out” at home, because they have already made commitments.
    • Take a trip.
      • Plan a trip to a warmer, sunnier climate during the winter.
      • The positive feelings will extend before, during, and after your trip.

Tagged With: Depression, Dr. Jim Morrow, Morrow Family Medicine, seasonal affective disorder

Matthew Minicozzi, Advantage Technologies

December 9, 2020 by John Ray

Advantage Technologies
North Fulton Business Radio
Matthew Minicozzi, Advantage Technologies
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Matthew Minicozzi, Advantage Technologies (North Fulton Business Radio, Episode 311)

Matt Minicozzi of Advantage Technologies joins host John Ray to discuss why dental practices are especially vulnerable targets for cyber attacks, why your IT services provider should have a third party audit, and much more. “North Fulton Business Radio” is produced virtually from the North Fulton studio of Business RadioX® in Alpharetta.

Matthew Minicozzi, Advantage Technologies

With over 15 years of experience in the dental and technology industries, Matt Minicozzi’s unique quality is not his work experience – it’s his passion for serving dental entrepreneurs. For him, it’s more than a job. His career success is directly tied to his clients’ success, and he takes it personally. Matt is committed to the relationship with his clients and always seeks to educate and advocate where he can.

When getting down to business, Matt’s goal is to provide simple, reliable solutions. The technologies he uses must work, be highly secure, and be completely hassle-free. When working with Matt, you get someone who has a genuine interest in the success of your business and the entrepreneur who runs it.

Advantage Technologies empowers small businesses to focus on those they serve. Our mission of Hassle-Free IT is delivered through simple, secure, stable, and supported technology solutions. They provide services that exceed expectations and will move mountains to make our client’s experience better than anyone else. They use the same technology to run their business that they recommend to their clients so that they have a vested interest in always providing and recommending the very best.

Advantage delivers technology systems that are not only technically sound and reliable but also make a positive impact on clients.

Their technology consultants and world-class engineers work with clients to design an IT solution that meets their needs in the areas of functionality, security, aesthetics, and workflow. Some clients already have the hardware and just need help making it work; while others may need to upgrade all of their equipment or plan a new build.

With over 800 clients in our care across 9 states, 20 years in business, and zero security breaches, Advantage clients enjoy the peace of mind that their technology is in good hands.  Advantage understands the needs of the small business and how important it is that the technology they use every day works every time.

Company website

LinkedIn

Questions/Topics Discussed in this Show

  • IT Services and Cybersecurity
  • Why dental practices are particularly vulnerable to cyber attacks and data breaches
  • Independent third party audits of IT services providers
  • HIPAA and the particular data security issues HIPPA creates

North Fulton Business Radio” is hosted by John Ray and produced virtually from the North Fulton studio of Business RadioX® in Alpharetta. You can find the full archive of shows by following this link. The show can be found on all the major podcast apps by searching “North Fulton Business Radio.”

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.

Tagged With: Advantage Technologies, dental practices, HIPAA, independent audit, it services, Matt Minicozzi, Matthew Minicozzi

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