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Inspiring Women, Episode 23: An Interview with Haley Boehning, Storyforge

July 14, 2020 by John Ray

Haley Boehning Storyforge
Inspiring Women PodCast with Betty Collins
Inspiring Women, Episode 23: An Interview with Haley Boehning, Storyforge
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Haley Boehning Storyforge
Host Betty Collins, Brady Ware, and Haley Boehning, Storyforge

Inspiring Women, Episode 23: An Interview with Haley Boehning, Storyforge

On this edition of “Inspiring Women,” host Betty Collins speaks with Haley Boehning, Storyforge, on why stories are so important in client marketing, employee engagement, and other essential company functions. The “Inspiring Women” series is underwritten by Brady Ware & Company.

Betty’s Show Notes

“When you have a story — the right story — everything changes. Customers become evangelists. Employees fully engage. Decision-making simplifies. Innovation accelerates. And marketing costs go down.” That’s what you find when you go to Storyforge’s website. I had the honor of interviewing Haley Boehning, Co-Founder and Principal of Storyforge.

“We call it a meaningful story.” And that’s what she does best.  Help businesses find their story, their higher purpose.  And when their clients discover it, it’s, as she puts it, “knock over the table” time and run out to tell the world.

I talk to Haley about:

  • The Storyforge story
  • Her story
  • The Storyforge concept and what their clients do with their story to make a difference
  • Why women can’t wait around
  • What she has learned from being a business owner
  • What would today’s Haley tell a younger Haley if she had the chance
  • Conscious Capitalism and its four tenets

Haley has decades of experience working with Fortune-500 companies, non-profits and start-ups to create alignment, elevate storytelling and build differentiated brand positions. She is a regular speaker, lecturer and author on the subject of leadership, communication and conscious capitalism.

Prior to Storyforge, Haley spent 16 years with L Brands (NYSE: LB), most recently as vice president of internal communications, directly supporting the company’s founder/CEO in strategic, leadership and internal communications to connect with 100,000 employees around the globe. As internal communications function head for the enterprise, she and her team were also responsible for all change communications including mergers, acquisitions, reorganizations and reductions in force.

Haley is chair of Conscious Capitalism Columbus, a member of the international Conscious Capitalism Inc. Community Advisory Council and a founding member of The Matriots, Ohio’s first multi-partisan PAC dedicated to electing more women to public office. She is a member and chapter sponsor of The National Association of Women Business Owners and was named to Columbus CEO’s 2020 Future 50 list, recognizing her as a leader with the ideas, energy and heart to move the region forward in the critical decade ahead.

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

Betty Collins, Brady Ware & Company

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

“Inspiring Women” is THE podcast that advances women toward economic, social and political achievement. The show is hosted by Betty Collins, CPA, and presented by Brady Ware and Company. Brady Ware is 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

Today, I get to do an interview for my podcast. I like to do that at times. I’m fortunate enough to live in Columbus, Ohio, and there’s just a lot of women in business, or women business owners that either have a great story; they’ve had success. I could do podcasts weekly just on that. Columbus is a thriving town.

Today, I really wanted to interview Haley Boehning. She’s the co-founder of Storyforge. I’ve gotten to experience Storyforge – just go through that – through an organization I’m involved with, which is NAWBO, which is the Columbus Charter. NAWBO is the National Association of Women Business Owners. We’re the Columbus chapter, and we’re the largest chapter … Like any organization, you go through crossroads in time, where you’re like, “Which way do we go? We can do 100 things, or maybe we should do two things really well.” She came in, her, and her firm, to help us get on the same page, so that’s been my experience.

Welcome today, Haley. We’re glad that you’re with us. We’re going to talk about several things, but I tell you, I love your website. I had looked at it probably a year ago, when we started this whole thing, or probably six months ago, whatever it was, with helping NAWBO get on the same page and tell our story. I love your line … As soon as you click on it, it says, “When you have a story, the right story, everything changes.” The other thing that caught my attention, I loved: “Customers become evangelists.” That’s just … First of all, you don’t hear that word a lot – evangelists. “Employees get fully engaged.” That’s become a very hot topic, if you can achieve that; and, “Decision-making gets simplified,” which, we’re on 24/7. So, man, that could be awesome. “Innovation accelerates,” and, at the end of the day, “Your marketing costs go down.” That’s awesome. Haley, I want you to first tell us a little about Storyforge, and then, I want to talk a little bit about your story, so go ahead.

Well, thank you for having me. It’s always a delight to talk with you, and we could probably talk for four hour, so getting this into a couple of minutes will be challenging for us. Storyforge was founded by my business partner, and I about six years ago. It came out of some insights that both of us had had separately throughout our careers about what made businesses successful. Because I had worked in a large corporate environment for 17 years doing a lot of mergers and acquisitions; I had seen hundreds of businesses and noticed differences between them. Those that were successful; those that were able to really succeed and come out the other end of a crisis stronger; and those for whom a crisis, or a challenge, or growth, even some of those positive things would see these businesses crumble and fall.

My business partner had been on the marketing side. I had seen it from an internal side, and he from an external side. As we began talking about our observations, and our beliefs in business, this idea about what story can do for you, as an organization, began to form, and the clarity that we got, through studying hundreds of businesses, has proven itself to be true over the last six years. We’ve worked with hundreds of companies, and we found that there are a few pieces of a company’s story that, when they have these pieces in place, when they’re clear about them, and they’ve had the insights necessary to articulate them, it makes all the difference.

Sure. I get that because it really did with NAWBO, when we … All the sudden, I could go talk differently. Are we doing anything different? I don’t think it’s how we say it, it’s how we talk about ourselves. It’s how we get that.

Well, you said it earlier. It’s also that decision-making. Every business, every organization has a story. The question is whether they’ve been intentional about forming that story, and if they’ve let the world create the story for them, because your story, your brand, is really a collection of all the stories – the stories you tell about yourself and the stories that other people tell about you. You can let that happen in the universe, or you can try to influence it by being very clear, yourself, about who you are, what you’re trying to achieve, what you believe, what you stand for, and what it is that you, as a business, do that’s unique; what differentiates you from all of your competitors in the marketplace.

Tell us about your story of entrepreneurship.” I took this 17-year, maybe safe deal, and said, ‘I’m doing this …'” Tell your story with that.

Yeah, I often call myself an accidental entrepreneur.

That would be 50 percent of them.

50 percent, yeah. I don’t come from a family of entrepreneurs. It always seemed like a crazy idea that risk-takers – which, I don’t consider myself a risk-taker – would endeavor to try to become … It was a strange animal. I had the opportunity, after this 17-year career in the corporate world, to rethink what I wanted to do with my life, which is a wonderful gift. Being able to consider what unique skills I had … What are my superpowers that I can bring to the world, and how do I want to apply those superpowers to help others. Storyforge- the idea of creating a business like Storyforge came from that; this desire to do meaningful work – meaningful for me, meaningful for my clients, but also meaningful for the world around us – was really born from that.

Something that has intrigued me is, because I’m an accountant, I don’t even think I have a story, but I do. I know I do … But the name Storyforge being one … I always like to know where that came from. How did that come together?

Well, it’s interesting. In our process, as we work through our process with businesses, there are a lot of amazing raw materials. So that’s part of our discovery, and you’ll remember this, as we worked together, was digging in and understanding the objective realities of business, and learning about our stakeholders, and mapping them, and understanding the beliefs and the vision that was there at the founding of whatever our business was. All of these great raw materials are just raw materials. They’re inert. When you forge them together, they become an even stronger material than they were in their incomplete parts.

Yeah.

For me, as I think about Storyforge, that’s what it is. Often people forge their stories from the outside in. I have people call me regularly and say, “Do I need an Instagram account?” “How can I better improve my digital marketing?” All questions that I cannot answer, not because I’m not qualified to, but because I don’t understand what their businesses is intending to do. Without having those fundamental answers, without understanding the DNA of your business and what you’re really trying to achieve, all of those tactical questions are meaningless.

When I think of forging, there- my husband likes that show Fire Forge, where they’re making the knives. I hate the show, but I watch it … The one thing I always look at is when they they’re working hard … Of course, it’s reality TV, so none of it’s reality, right? But when they dip it in the fire, and it comes out, the piece is solid now. There’s something about that. When I think of your forge, I think of the same thing – that the story has come together, and now … Wow.

Yeah. We call it, and you’ll remember this because you were there for that moment with our NAWBO work, we call it the kicking over the tables moment. It’s the moment where the discovery has been completed, and we’ve done the hard work as a leadership team to debate and have really intensive dialogues about do we want A, or B, C, or D? Are we going this way or that way? We codify our thinking about those essential questions of the business. When it all comes together, when it’s all forged, it is like going in that water and coming out a stronger metal – a forged story. We often have to hold leaders back because they want to kick the tables out, run out the door, and start screaming it from the mountaintops.

But there is a second important phase to this work, and that’s where many businesses actually fail in this work. It’s not necessarily not forging the correct story, but figuring out what to do with the story, after you have it. Because a really, truly meaningful story is not just a story that’s told, but it’s a story that’s lived. That’s the work that I know the board of NAWBO is doing right now is thinking about all the different aspects of the organization – from people, to process, to place, to positioning, to philanthropy – and making sure that what we do is in alignment with what we say.

Well, one of the thing … You have a definite passion for women. We experienced that from the beginning of time, when you were interviewing the board, and we were going through it. One of the things that I loved that you said to us – because we were talking about the different … Why we’re on the board? We’re women in business. Why are we business owners? All those things. One of the things you said to me that I never stopped thinking about was, “Let’s not wait another decade to accomplish something as women.” I’ve thought about that ever since we talked about that.

So, your passion for women and your passion for the time is now is so there. Tell me what … Because I’m looking at, we just started a new decade, so everyone’s saying that; it’s kind of the buzzword. It’s my last decade to work. Sometimes, I say that out loud, and I go, “Oh … Yay!” Then, I go, “Oh … Did I do enough? Did I get what I needed? Did I …?” All those things come to play, where you’re thinking about legacy and stuff. But, for you, what would you love- as a woman business owner, and someone who doesn’t want us to wait 10 years or a hundred, what’s on your mind when you think about those things that you don’t want to see us wait, and let’s execute? It’s a tough question, but …

Yeah, something I think I see a lot – but especially with women business owners, with many entrepreneurs, but especially women – is we keep our nose to the grindstone. We’re in the day-to-day operations of the business and trying to make things incrementally better every day. We don’t often give ourselves the luxury of stepping back, pulling up our head, looking out at the horizon, and saying, not, “Where do I want to be this week, next week, this quarter, next quarter?” but what does 10 years from now look like? What do I want my legacy to be? What do I want to have accomplished? There is something to that truism that we underestimate what we can do in 10 years, and overestimate what we can do in one.

Yes, that’s a great saying!

I try to keep that in mind, especially when I’m working with our clients, because we … People think too small, sometimes. To be able to swing for the fences, we have to look out in the distance to be able to get there. We can’t just look at the day-to-day operations. So, I think, for me, for women business owners, I would love to see more of us give ourselves that opportunity to reflect, to think long term, to think big, sustainable growth for our business and sustainable impact for our stakeholders, for our customers, our clients, our families, ourselves. What are we really working toward? What’s all this about?

Say that one more time – not the whole thing … Say it one more time. So, we overthink- we do too much in a year, but not enough in … Say that again? I love the way you say that-

Yeah, we often … I know I do this. Every day, I overestimate what I think I can get done in a day. I leave every day with things on my to-do list. It’s just typical. So, we overestimate what we can do in a year, but we underestimate what we can do in 10.

Right, I love that [crosstalk]

-that often keeps us thinking in short-term-ism, rather than really thinking long term.

Everybody goes to their own school. Haley went to the Hard Knocks of Haley, or you got your MBA, and something that, “Oh, I wasn’t expecting to learn this, but I did …” In these last six years, especially from going from corporate America to you’re now a business owner … For me, it was a huge change when I just wanted to be an employee. I wanted somebody signing my check. I didn’t want to be the signer, right? Tell us maybe a thing or two of what you learned, getting that MBA in the last six years of business, that you would want a woman-owned business owner to know.

It’s interesting. There was a moment, for me, when I left the corporate world. I was with a group of other executives, V.P.s and above, from businesses that were transitioning out of their prior careers and into their new one. We were sitting around a table doing introductions, and everyone introduced themself the same way. They said, “Hello, my name is Haley Boehning, and I used to be the Vice President of Internal Communications at [crosstalk].” “Hi, my name is Ted Smith, and I was the Chief Financial Officer of Blank Company.”

This went around about 12 people. Then, it came to me, and I said, “We’ve got to stop doing this. We have to stop defining ourselves by the title that we have – CEO, entrepreneur, vice president. We have to rethink how we define ourselves and our identity. Wouldn’t it be wonderful if we could think about what our unique skill set is – the thing that we do better than anyone else – that exists at an intersection of a need in the world that we now can uniquely fill. If we could talk about ourselves that way, wouldn’t that be more meaningful, and wouldn’t that help us frame our identity around something bigger than a paycheck?”

What did the 12 people around the table do? They go, “Uhh …”

There was a lot of that [crosstalk] but it did change. If you ask people the right questions, they will give you far more meaningful answers.

What’s something you really feel like, in the last- in your career, in general- I know, for me, I look back and say I wish I would have been an owner sooner. I wish I would have jumped into entrepreneur sooner. When you look back over your career, over this stuff that you’ve accomplished, what do you look back and go, “If I had to do it again, what would I say to Haley, who was 30, and 40?” What would you … Is there anything that comes your mind when you think about …?

I think maybe two different Haleys. If I could go back to the Haley in her 20s, starting out in the corporate world and looking at all of these people with these very big titles, with these very big offices, at the time, I thought that being a leader meant having all the answers and that, somehow, if I worked hard enough, and if I learned everything I could learn, and I had the right mentors, that someday, I, too, could be a leader and have all the answers. Now, I realize that being a leader doesn’t mean having the answers. It means having the  questions.

Yes.

I think that-

Very good.

That insight could have served me well in my 20s. When I started the business, if I think about those early days of Storyforge, there were two lessons that I learned that now we apply, and it’s made all the difference. One is to be very, very clear about who you are, what you stand for, who you serve, and how you serve them and be willing to say no to clients. Because I’m a people pleaser. I like people to be happy. But that’s not the best approach, when you’re a business owner, or when you’re in sales, or doing business development. It’s really making sure that you’re the right fit for that client and that the client’s the right fit for you.

Very good. Great insight. Now, I’ve known you for a little while and I’ve heard you talk about an organization that you’re very involved with. I know enough about it to be dangerous, but I love the title – Conscious Capitalism.

Yes.

I would love for you to talk about that because I’m a big fan of the marketplace. The marketplace in our country is crucial. It’s not about how much money can we make, or greed, any of those things. To me, it is if you have an idea and a passion, you have the ability to do it, and you have of an environment that allows you to do it. If you’re fortunate enough, you, one day, have employees because you’re an employer. Those employees have families, which are households that form communities. It all works together. When the U.S. is successful, the country is successful, the world is because we have the abilities here to do things. When it’s mixed with really bad things, it doesn’t do well; but when it’s really good, it’s really good. I’m a huge fan of I get to be a CPA in this environment, in this country, and do things. I’m very intrigued by what is this organization, so I’d like for you to talk about that.

Well, thank you for asking about that, because I am very passionate about Conscious Capitalism, and I love the combination of the two words.

Mm-hmm. Yes.

When I go out, and I speak with audiences, generally, each audience has some concern with one of those two words. Either I’m in an audience of people that say, “Oh, capitalism … Of course. Fantastic. Best thing since sliced bread. What’s this consciousness word you keep throwing in there? What’s this woo-woo you’re trying to add to my capitalism?”

What’s that guilt thing [crosstalk]

-but when I talk with younger people … I was recently out at Denison University talking with some of their Commerce Department, and there were a lot of students who said, “Consciousness, absolutely. Capitalism? I’m not so sure about that word.” But when you ask them what they want to do when they grow up, they all want to be business people. They all want to be entrepreneurs. But capitalism, itself, has a big PR problem right now.

It does.

Conscious Capitalism was born from a book that was written by two gentlemen who you probably have heard of: John Mackey, the founder of Whole Foods, and Raj Sisodia, who is a Professor of Business at Babson College. It was codifying a way of thinking about business that wasn’t just John’s idea. It was a number of different business leaders had been practicing business this way, recognizing that business both can and should be a force for good in the world; that capitalism, itself, is one of the greatest inventions that we’ve had and has done more to lift people out of poverty than many things in the last couple hundred years, but that people have misused capitalism.

Yeah.

Because of that, we have a crisis on our hands. We need to reinvent capitalism. There’s been a lot of talk recently. Just as recently, I think, as this week, Jamie Dimon was talking about reinventing capitalism in Time Magazine. We know that the Business Roundtable has come out and redefined the purpose of business to include a purpose bigger than profitability because they see the cracks in this system. We believe that business is good because it creates value; at its most essential, it creates value. It’s ethical because it’s based on voluntary exchange.

Sure.

It’s noble because we know that when done more consciously, business can actually elevate our existence, and that’s the world that we want to create. Conscious Capitalism is an international movement. There are hundreds of thousands of people all around the globe, from Sydney to Columbus, Ohio- Sydney, Australia to Columbus, Ohio, all working to advance this idea of business as a force for good.

We think about business in terms of four principles. The first, which I’ve already mentioned, is that business should have a purpose bigger than profitability. Profitability is necessary; without margin, there’s no mission. But the purpose of the business should be to solve some need in the world and that profitability helps to drive that. Just like I need red blood cells every day to live, it’s not my reason for existence. I don’t get up every day and think, “Thank God, another day I can create red blood cells!” That idea of purpose, a purpose bigger than profitability, is the first tenet.

The second is stakeholder orientation – understanding that a business doesn’t just have one stakeholder, the shareholder; it has multiple stakeholders – employees, community, shareholders, investors, partners, vendors. All of these stakeholders need to be considered, and when we have an orientation to them, when we understand and are thoughtful about the impact and the value that we create for each of them, we’re more conscious. Then, understanding that both leadership and culture have an important role to play in the success of business.

I have two kids who said, “I will never be in business. I would never be a CPA,” and they made sure of that. I have a daughter who’s a teacher because it’s what she loves, and I have a son who is a minister because that’s what he loves. My daughter is more like me – she’s a spender. She’s one of those consumers, right? But my son and I have had long debates on capitalism, and I always remind him that, “Capitalism put you through college. Please remember that …” because it did. He will tell me, “I just need provision from somebody so I can do what I do in life.” We both see it, and we talk more about- we’re coming together more with it because there is good capitalism out there. The marketplace is so very, very necessary.

When NAWBO met with- a roundtable with Governor DeWine, I just said the marketplace has to really be held high so that the taxation can do more than just run our government. There’s tremendous need out there. There are people who can’t do and have what I have. It’s a system that has to work really well, and when it’s not run well, it’s a bad deal. I really learned about … When I came to Brady Ware in 2012, one of the things I did was read Simon Sinek’s book and did the Why University, and I had somebody help me come together. I came up with my whole why being – because I have 150 employees who are families who need health insurance, who need to live in- to have provision that forms those communities and households. It just became a whole new way to think about it.

So, then it wasn’t just accounting. Accounting is just a part of it. It’s a necessary evil that business has to have that. I’ve always loved that you’ve talked about that, and I would love to know more about it, so I wanted my audience to hear about it, as well. Because my son’s generation, the denizens that you’re talking about – he’s 28 years old – will eat chicken at Joe DeLoss’s place because he understands Joe DeLoss and what their whole social enterprise is. That’s huge for him-

Yeah. Joe DeLoss, and Hot Chicken Takeover being a local company that makes some damned fine Nashville hot chicken-

It’s awesome.

-but more importantly than that, they’re a business that was created to employ people who are difficult to employ – people who’ve been in the- who’ve been incarcerated, who are coming back into the workforce – that many other companies would overlook. I think we’re beginning to- we’re beginning to have a realization and insight as a country about the power of business, when business thinks more consciously about who does it employ, why does it employ, how does it employ? We can make a difference where we have more in common than not. We really do. There’s so much more that binds us together. Unfortunately, there’s a lack of civility, I think, in conversation, today, which often polarizes us.

Right.

But when we get down to the brass tacks of it, we all want the same things. We want communities that are thriving. We want families that are thriving. We want to leave the world a better place when we go. We want it to be better than it was when we found it, and-

It’s why I love working for Brady Ware, getting to be … Getting to even have a women’s initiative that we can … They put a lot of resource and time in. This podcast is one of those resources. It goes just beyond that, and it goes so beyond accounting. I think that’s where you see things going. There is still reality of paying the lease, and the electric; and people want to be paid well because they did spend a lot on an education, or they want to be valued, or they have goals, as well. It all wraps together, but-

Well, I’m sure you see it with your clients because you do work with so many small businesses. There’s good that business does just by being in business-

Yeah, absolutely.

Employing people by enabling people to send kids to school, enabling people to care for their elderly parents – all of the things that having a job and doing that job well enable you to do. A lot of businesses have trouble seeing a purpose bigger than just that. But we have worked with hundreds of businesses over the last six years at Storyforge. There has not been one single business that we have worked with that has not been able to articulate a purpose higher than profitability. We have worked with toilet manufacturers.

There you go.

We have worked with distilleries, and we’ve worked with accounting firms. All of them were able to find this more emotional, meaningful story about what they did that helped unite their teams and helped them think differently about how they serve their customers.

Well, this podcast is Inspiring Women, and I think we had a very inspiring woman today. I appreciate your passion, certainly, for women, for what you’ve done with NAWBO, just telling our story. Forging – I love the force of just that word. I can picture the knife going down in the- whatever they’re putting it in, I’m assuming. Then, just putting business owners, women in business, men in business, doesn’t matter … It’s this two words of conscience and capitalism together. Thank you for spending time with us today. We appreciate your efforts in coming and making time because you’re busy and you do what you do well. I’m Betty Collins, and I appreciate the opportunity that I get to do a podcast; that you get to listen to us today and check us out on our website. Thanks.

Tagged With: Betty Collins, Brady Ware, Brady Ware & Company, Employee Engagement, Haley Boehning, Inspiring Women with Betty Collins, marketing, story, Storyforge

Kevin Hill, Igigo Communications

July 13, 2020 by John Ray

Igigo Communications
North Fulton Business Radio
Kevin Hill, Igigo Communications
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Igigo Communications
Kevin Hill, Igigo Communications

Kevin Hill, Igigo Communications (North Fulton Business Radio, Episode 257)

Kevin Hill of Igigo Communications joins host John Ray to discuss live streaming and why businesses and other organizations should be utilizing this fast growing medium. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Igigo Communications

Igigo Communications specializes in helping individuals and organizations live stream  content to their audiences.  Demystifying the process of live streaming and explaining their options, Igigo offers affordable solutions to connecting live content with viewers. There are differences between being “in the room” and watching content live online.  Igigo works with their clients to understand those differences. They built a webcast that is informative and keeps  online viewers engaged.

Live streaming tech working hard monitoring stream.

Streaming technology and equipment are ever changing and Igigo keeps up with that change.  Using industry best practices, they keep their clients “live” and in front of their audience. Their team of technicians are knowledgeable, friendly and use only professional production gear to give a client’s content the quality it deserves.

They are experts in multi-channel live streaming and professional video production. Over ten years of online streaming experience and twenty plus years of video production experience has made Igigo a company clients can count on to deliver on their next project.

Whether  in the Atlanta area, Southeast region, United States or International, Igigo can bring organizations,  clients, followers and audiences together through streaming online.

Kevin Hill, President and Founder, Igigo Communications, Inc.

Kevin founded Igigo Communications, Inc. after an award-winning career in television news where he wore many hats from a videographer and editor, to a live operations technician and producer for more than 15 years. His love for live events drew him to live streaming, where he can use his problem-solving abilities to broadcast content to the masses.

Kevin has worked on streaming projects for Fortune 500 companies to micro-businesses. His passion for video production, technical knowledge and creativity has kept him in high demand as a consultant with a wealth of knowledge on all aspects of live video production.

Point of Contact for Kevin Hill

Company website

LinkedIn

Facebook

Twitter

Instagram

Questions/Topics Discussed in this Show

  • What is live streaming?
  • Kevin’s experience in television news and deep live streaming experience
  • How can live streaming help a business or organization?
  • How has Covid-19 changed the environment for live streaming?
  • What is the different between video conferencing (such as Zoom) and live streaming?
  • What is a virtual event?
  • Tips for live streaming
  • How should a person look for when choosing a live stream provider?
  • Where do you think the future is headed for live streaming?
  • “With the internet and faster speeds, anyone can broadcast and get as big of an audience as the biggest networks around today.”

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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: Igigo Communications, John Ray, Kevin Hill, live streaming, North Fulton Business Radio, producer, television, television news, video conferencing, video production, videographer, virtual event

Denson Pepper, CPA

July 9, 2020 by John Ray

Denson Pepper CPA
North Fulton Business Radio
Denson Pepper, CPA
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Denson Pepper CPA

Denson Pepper, CPA (North Fulton Business Radio, Episode 254)

Denson Pepper CPA specializes in working with non-filers and delinquent tax payers in resolving their IRS and state income tax problems. Denson joined host John Ray to discuss why the IRS is expected to become more aggressive in pursuing non-filers, statute of limitations rules for non-filers, offers in compromise, and much more. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Denson Pepper, CPA

Denson Pepper has been a CPA in public practice for more than 30 years in GA. His office is now located in Acworth, GA, and he works with clients all over Georgia and in multiple states. Denson specializes in helping people with their IRS and state income tax problems.

Services offered by his office:

  • Prepare prior year unfilled income tax returns and analyze alternatives for payment of unpaid taxes. Represent client before the IRS.
  • Represent clients in tax audits and audit reconsideration’s
  • Help professional practices (i.e. doctors, dentists, veterinarians, lawyers, realtors, chiropractors) coordinate tax resolution of their personal, entity and payroll tax problems.
  • Determine when Bankruptcy can be used
  • Record Reconstruction
  • Review Filed Returns for Accuracy
  • Review Taxpayer Transcripts for Accuracy and Possible Savings
  • Determine which Tax Liens can be Removed or Subordinated
  • Minimize or Eliminate Garnishments
  • If IRS has Filed Returns for you (Substitutes for Return), File Accurate Returns
  • Represent Clients before the IRS to Resolve Issues
  • Analyze Alternatives Available with Unpaid Taxes
  • Represent Clients in Collection Due Process Hearings
  • Represent Clients in Tax Audits and Audit Reconsiderations
  • File all Necessary State Income Tax Returns and Represent Clients
  • Help Taxpayers Understand Notices Received and What Must Be Done

Point of Contact for Denson Pepper

Company website

Email

Call:  678-797-5241

Questions/Topics Discussed in this Show

  • Why the Internal Revenue Service (IRS) is set to get more aggressive with non-filers
  • Non-filing of returns
  • Offer in compromise
  • Payroll noncompliance and criminality
  • Why ignoring the IRS doesn’t work
  • If you owe taxes, there are a variety of options available

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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: Internal Revenue Service, IRS, IRS settlement, non-filers, non-filing of tax returns, offer in compromise, statute of limitations, tax resolution

Alicia Butler Pierre, Equilibria, Inc.

July 9, 2020 by John Ray

Alicia Butler Pierre
North Fulton Business Radio
Alicia Butler Pierre, Equilibria, Inc.
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Alicia Butler Pierre

Alicia Butler Pierre, Equilibria, Inc.  (North Fulton Business Radio, Episode 255)

Alicia Butler Pierre joins host John Ray to discuss how vital business infrastructure is to a fast growing company, how customer experience is directly connected to the back office, the myth of the solopreneur, and much more. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Alicia Butler Pierre, Founder and CEO, Equilibria, Inc.

Alicia Butler PierreAlicia Butler Pierre is the founder and CEO of Equilibria, Inc., a 15-year-old operations management firm. She specializes in increasing bandwidth for fast-growing organizations via business infrastructure. Alicia has a B.S. in Chemical Engineering from Louisiana State University, an MBA from Tulane University, and a Lean Six Sigma Black Belt certification. Combined, her content has over three-quarters of a million views across various online platforms.

Alicia hosts the weekly Business Infrastructure: Curing Back Office Blues podcast which recently celebrated its 100th episode. She’s also the author of the 2x Amazon bestseller, Behind the Façade: How to Structure Company Operations for Sustainable Success. Committed to doing the right things the right way, Alicia’s mantra is “to leave it better than you found it.”

Point of Contact for Alicia Butler Pierre

Company website

LinkedIn Profile

Twitter

Facebook

Questions/Topics Discussed in this Show

  • What is Business Infrastructure?
  • How business infrastructure and customer experience are intertwined
  • How has your business changed as a result of COVID-19?
  • Why do you say business infrastructure is a blessing and a curse?
  • The myth of the solopreneur
  • What home office setup tips do you have for people working from home for the first time?
  • Alicia’s book and her podcast

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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: Alicia Butler Pierre, business infrastructure, customer experience, Equilibria, Equilibria Inc., home office, home office setup, John Ray, North Fulton Business Radio, Solopreneur

Decision Vision Episode 73: Should I Sell to the Government? – An Interview with Sean Mahoney, Maston Space Systems

July 9, 2020 by John Ray

sell to the government
Decision Vision
Decision Vision Episode 73: Should I Sell to the Government? - An Interview with Sean Mahoney, Maston Space Systems
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Decision Vision Episode 73:  Should I Sell to the Government? – An Interview with Sean Mahoney, Maston Space Systems

If I decide to sell to the government, what are the challenges my business will face? Sean Mahoney of Maston Space Systems offers an experienced perspective on this question in this interview with host Mike Blake. “Decision Vision” is presented by Brady Ware & Company.

Masten Space Systems

Masten Space Systems is a private company founded in 2004 by CTO David Masten and has its headquarters in Mojave, CA.

Masten’s focus on reusable rocket technology is driven by the goal of enabling space transportation and reliable planetary landers for the Earth, Moon, Mars, and beyond. They are a passionate company of inventors, creators and builders with goals that include landing our own vehicle on the moon.

Masten competed in the NASA and Northrop Grumman Lunar Lander Challenge X Prize in 2009 with Xombie (model XA-0.1B). Xombie came away from the lunar lander challenge with an average landing accuracy of 6.3 inches qualifying it for Level One second prize of $150,000 on October 7th, 2009. The Xoie VTVL won the $1,000,000 Level Two prize of the Lunar Lander Challenge on October 30th, 2009 with an average landing accuracy of about 7.5 inches.  Masten’s future vehicles have improved this performance and landing accuracy to provide EDL and testbed flight services to customers through NASA’s Flight Opportunities program.

Sean Mahoney, CEO

Sean Mahoney is the CEO of Masten Space Systems, an aerospace R&D and flight services company that creates and deploys reliable, reusable rocket vehicles and components. Since joining Masten in 2010 as Director of Business Operations, Sean has focused on building a sustainable, customer-funded business. He has been instrumental in establishing Masten as one of the rising stars in the New Space movement. He served as COO during 2011-2012 and was named CEO in 2013.

Sean has over 15 years of corporate and technology industry experience, having founded and led a number of technology start-up ventures, and raised multiple rounds of private funding. Sean began his career overseeing technical sales and building internal organizations as a manager at AT&T’s Enterprise hosting division.

Sean received his MBA from Emory University’s Goizueta Business School and serves in a leadership capacity for a number of entrepreneurship and environmental non-profit organizations.

Michael Blake, Brady Ware & Company

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

Michael Blake is 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: [00:00:02] 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: [00:00:23] Welcome to Decision Vision, a podcast giving you, the listener, a clear vision to make great decisions. In each episode, we will discuss the process of decision making on a different topic from the business owner’s or executive’s 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: [00:00:42] 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 for 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: [00:01:08] So, today’s topic is, should I sell to the government? And, you know, this is a topic I’ve wanted to do for a while. And I think it’s even more important now given the state of our economy. And again, the slow-moving horror movie continues that we hope we’re kind of reaching at least the final act of this thing. And, you know, I think that most companies, most business owners have thought about, you know, can I sell to the government? Should I sell to the government? And it’s certainly worth thinking about because I read somewhere that, in fact, the government does buy about 20 billion dollars of stuff every day. And that $20 billion of stuff includes things from pencils to laptops, to cars to airplanes. And as it also happens, spacecraft. More on that in a minute.

Mike Blake: [00:02:10] But I think many owners then don’t pursue the notion or the idea of selling to the government because they have some concept, or some preconceived notion, or some misapprehension of what it’s like to sell to the government and do business with the government. And maybe some of those things are true. Maybe some of those things are not. So, I think we’re going to do, maybe, today is do a little bit of myth busting. Because if you could afford to not try to sell to the government before, I think most companies now are in a position where you can’t afford to walk away from clients, even if they force you, maybe, to leave your comfort zone a bit in order to conclude a sale.

Mike Blake: [00:02:57] And to help us with that, I am bringing on a guest that I wanted to bring on for a while. He’s been harder to catch without a Taser and a butterfly net because he’s been busy building his company. But he’s a guy that I’m so excited to bring on. And I’m excited to really talk to him any opportunity I get because I’ve known him for a long time. I’ve known him since he’s been with his company. And, you know, I can tell you that right now – knock on wood. I don’t want to jinx him – but his company is enjoying some success. Believe me that the road to that success has been paid with broken glass. And he has crawled it both ways up and down the hill, however you want to express it.

Mike Blake: [00:03:45] And throughout that, I know that it’s been mentally, emotionally, physically challenging as an entrepreneur to do what he has done. And quite candidly, I think lesser men would have been broke and they would have given up. And he deserves all the credit. And he’s just – you know, through all that, he’s been authentic, he’s been nice, he’s been humble, and continues to be that way. And he’s just one of the most awesome dudes you’re ever gonna deal with. And just such an easy guy to root for. And when you listen to this, you’re going to hear that in his voice. So, you know, plan to take notes. If you’re listening to this while you’re driving, jogging, whatever, don’t take notes while you’re doing that. But plan to listen to this later. Or plan to go download the transcript, which is going to be on our website, bradyware.com. But this is going to be a good one.

Mike Blake: [00:04:46] And so, it is my absolute pleasure to introduce my friend, Sean Mahoney, who is the CEO of Masten Space Systems. It’s an aerospace research and development and flight service company that creates and deploys reliable, reusable rocket vehicles and components. Since joining Masten in 2010 as director of business operations, Sean is focused on building a sustainable, customer funded business. He has been instrumental in establishing Masten as one of the rising stars in the new space movement. He served as chief operating officer during 2011 and 2012. And was named chief executive officer in 2013. Sean has over 15 years of corporate and technology industry experience, having founded and led a number of technology startup ventures and raised multiple rounds of private funding.

Mike Blake: [00:05:33] Sean began his career overseeing technical sales and building internal organizations as a manager at AT&T’s Enterprise Hosting Division. Sean received his MBA from Emory University’s Goizueta Business School. And serves in a leadership capacity for a number of entrepreneurship and environmental non-profit organizations. Sean, thank you so much for coming on the program.

Sean Mahoney: [00:05:54] Mike, a real pleasure. Thanks to you for all of your support over the years. And thanks to folks there at Brady Ware for sponsoring this podcast and giving us a platform to talk about all this cool stuff, a little bit of space, a little bit of government, and a lot of sales. So, this is really cool. And I really appreciate the introduction. I hope to live up to the hype.

Mike Blake: [00:06:18] I think you will. This is not going to be a Batman movie for sure. But, you know, I would like – I don’t do it justice. And, in fact, I probably only know 30 percent of what you’ve gone through. But can you take a couple of minutes and sort of tell the Masten story? And I’ve hinted at your success. But, A, I want to do it justice. And B, I want to give you the opportunity to kind of express it. What is the Masten story and where are you guys now?

Sean Mahoney: [00:06:51] Yes. I will endeavor to give you a version of that that’s shorter than the 16-year history of the company. Let me just do one thing. I will tell you all about Masten, but I want to make sure just in case someone only listens this far. The one key takeaway for this whole government sales thing is, unlike perhaps other things where you just need to have someone who wants to buy a thing and they have the money to pay you, government sales requires having a third thing, which is the contract vehicle. There need to be a way to pay you that thing they want to buy. And if nothing else, maybe folks can take that away. But now, we’ll come back and explain what all that means. I just want to get that plugged in upfront.

Sean Mahoney: [00:07:46] So, I first encountered Masten hanging out down around Georgia Tech, the Technology Square. And honestly, it was a true networking breakfast that I attended on a fairly regular basis hosted by Stephen Fleming, who used to run ATDC and a bunch of stuff there in Tech Square. And the conversations in this open breakfast were really just about anything. It was about different startups and what they were doing. And there was usually some football talk and usually some Georgia Tech rivalry stuff, some politics.

Sean Mahoney: [00:08:28] And then every Monday morning, this conversation would eventually turn to the topic of discussing space. And there would be a 15-minute conversation about space policy. Because there were some space, not only enthusiasts, but people who were active in the space world. Stephen Fleming, Mike Mealing, Colin Ake, and others that we’re interested in working in space. And I used to believe it was the funniest thing. I would tell people the weirdest part of my week is the 15 minutes every Monday morning where I get to have a real conversation about space policy. And it’s not a joke. Like, it’s a real conversation. At that time, I had no idea that I would wind up working in the space industry for Masten or even running it. But for years I would tell that stories. Like, “Oh, my God. You should come to this breakfast. It’s the coolest thing.” And we have this odd conversation.

Sean Mahoney: [00:09:25] So, at that time, Masten was competing for an XPRIZE. It was the Northrop Grumman NASA Centennial Challenge Lunar Lander Challenge sponsored by XPRIZE. I think I got all of them in there. And this was phenomenal, I sat in another one of those cafe down there near Tech Square and watched on a friend’s laptop as the company competed for this big XPRIZE. And what the company was doing with the prize was, was demonstrating the ability to take off and land like you would do from a lunar orbit to the surface, refuel, then do it again.

Sean Mahoney: [00:10:07] That team with Masten Space Systems at the time was a dark horse. No one expected for them to win. There was an anointed big-name company that was going to win. And Masten Space Systems won that contest. And there’s phenomenal stories about the vehicle burning up on the pad the day before it flew and won first place. All this stuff, it’s phenomenal.

Sean Mahoney: [00:10:36] And my story with the company starts to come in after that win. Six months after they won a million dollars, the folks that I knew were like, “Hey, we need to raise the money because a million dollars doesn’t get you that far.” Which is true in space. But it’s also true – for any aspiring entrepreneurs, you think a million dollars, if you think about it in your bank account, it sounds like a lot of money. If you think about it in the operating account for paying for salaries and everything else, it’s really not that much money.

Mike Blake: [00:11:15] Payroll really changes that equation.

Sean Mahoney: [00:11:17] It turns out it does. And so, that was how I kind of started getting involved to help bring some of the – it was the decision science background and kind of structuring some of the payload opportunities and the sales opportunities and helping structure things. And that was how I first got involved with the company. And the challenge at that point was we had won an XPRIZE. The other company that had won an XPRIZE before us had turned into this company called Virgin Galactic. So, SpaceShipOne and the $10 million Ansari XPRIZE had turned into Virgin Galactic. Masten wins a $1 million XPRIZE, we’re trying to figure out what do we turn it into. And so, I honestly came in to figure that out – to help figure that out. And it was one of those things that we really didn’t know what it was going to be. And to state it bluntly, we didn’t have a big runway. We didn’t have a billionaire.

Sean Mahoney: [00:12:30] My first day on payroll, there were 42 days of cash in the bank. And some of my advisers that I still respect to this day had said, “This is a terrible idea, Sean. You’ve gone through enough of these different startups.” And they’re just, you know,” You got to find something that’s going to stick. This one is the craziest one yet.” And when I present this period of time of different crazy business ideas, it absolutely is the craziest. Hands down. But Masten had three things that I was personally looking for. I was looking for an emerging market that was transitioning from the domain of deep experts to a broader audience. Kind of, like, think internet business, internet video, green tech. They were moving from deep expertise to a broader application.

Sean Mahoney: [00:13:34] I was looking for working technology because I know how hard it is. It seems so easy to take that idea and get a prototype. But getting the prototype is really important. So, I went looking for companies that were working technology and has got a good team. Like, a good place to work. A good team to work with. And Masten fit that bill and has throughout these ten – even when there were some challenges, it has fit that screen. And so, I keep working at it.

Sean Mahoney: [00:14:10] So, what the heck do we do? So, we have this vehicle that can land, a rocket powered lander. Yes, there are other big rockets that lands now. But back then, it had been done by large government programs in this competition, of which there were only two that actually made it all the way to the final competition.

Sean Mahoney: [00:14:34] And so, “Okay, Well, how do we take this and turn this into a business?” And the big idea – and I’m going to fit in this kind of government sales thing – is that the large vision of space was that this is going to move from being government to being commercial. And people are going to buy their ticket and they’re going to go to space. Or they’re going to buy cargo and things are going to go and everyone is going to be using space. And we’re going to open use of space to everyone because it’s going to be commercial. And that is a great vision of the future. It was not the reality of the customer in 2010. It is not the reality of the customer in 2020.

Sean Mahoney: [00:15:24] And so, understanding the difference between “I’m going to solve this problem for this industry by getting away from government” might be the right answer. But be careful about confusing this ideal future state with the states you have to be to get from here to there. So, what we focused then on is the thing that we had that worked. I had a rocket powered lander. Who needs a rocket powered lander? It’s a very small market. But the thing that we found that resonated was, we had a rocket powered lander that you could come fly on. And I can offer rocket flights as a service instead of selling vehicles or selling programs that can cost, you know, 30 million or 50 million. And for less than a million dollars, we can test your thing out.

Sean Mahoney: [00:16:33] And so, we’ve figured out that there was a market for doing these terrestrial test flights. And it wasn’t because of a business case analysis. And it wasn’t because I spent a bunch of time studying market reports. The reason we are successful today is because there were people working for NASA, government employees, that saw the value we could provide. And the need that they saw existing within the agency. And they brought them together. And so, first up, the idea that it’s industry versus NASA for space or any of these things, that it’s industry versus the government, is far too great a simplification. And probably, absolutely incorrect.

Sean Mahoney: [00:17:38] So, what we did then is we took a service, a rocket powered landing test bed, which – and I’ve described it from a business perspective, I’ll say, “It does precisely what nobody needs.” Like, “Wait. What?” It does not. Our service to this day does not meet the desires of the testing community. It doesn’t meet their high-level objectives. What it does is exist. So, because I have a thing that I can do, the people are willing to use it and build up until some point we will have that higher capability. And it’s weird because if you ask – if you did a market survey, and said, “Okay. Well, what does the industry wants?” You would say, “Okay. Well, it wants all these things and we can’t do that, so therefore we need to invest. We need to build the next thing, yadda, yadda, yadda.” But that’s not a business plan that would close.

Sean Mahoney: [00:19:04] So, using the thing we have, working with the customers to meet needs they have right now is kind of the thing that we did for years. Now, along with that, we were trying to take – and we were taking the technology and spreading it out into other applications. So, we are working on technology development. Working with government agencies to develop some technologies. And then taking what we had for that low-level vehicle and applying it to other markets. And there were two that we had identified.

Sean Mahoney: [00:19:42] And Dave Masten, the founder and now CTO, had from the get go the idea of reusable launch vehicle. He, along with a couple other people that you’re probably familiar with, had the same idea. And were similarly mocked for that idea. So, what you can do with the reusable rocket is I can reduce my costs of operation if I reuse the vehicle. And then to a certain degree, the payload doesn’t care, right? If I’m buying delivery to orbit, I just need to get to orbit. I don’t care how you get me there. I just want to get there.

Sean Mahoney: [00:20:34] So, one angle to the business was launch and using reusability and launch. The other one is, where is a rocket powered lander uniquely suited to meet a need? And there are places where planes and helicopters can’t go. Places where you don’t have runways. Places where you don’t have air. Places where the air is too thin. Places that are too dangerous. So, you have a whole series of things there. But the moon is one of those places. You’re not going to land with a parachute. You’re not going to land with – you have pretty much two options to land on the moon. You either crash into it or you do some sort of propulsive landing. So, we knew those were the things. But much like the adage of, you know, can you stay liquid longer than the market can stay irrational?

Mike Blake: [00:21:38] John Keynes.

Sean Mahoney: [00:21:42] So, we had big correct ideas but the timing wasn’t right. So, part of the through broken glass has been stringing together customers creating value as some of these large trends turnover in time. And so, it’s – and I don’t know if this version of the story speaks to the decision makers that are potentially listening in. But it’s hard to know what’s the difference between grit and perseverance versus being stubborn. They are largely indistinguishable except through the lens of history. And maybe there’s – I don’t know – maybe you’ve got another guest who can speak to discerning those ones. But we have been able to persist focused largely on revenue. And I can talk about the trend to raise money in the space world and all of that stuff. But this is more about the customer side of things.

Sean Mahoney: [00:23:01] And in order to support ourselves off of revenue, realized revenue, actually getting a thing done, giving someone the value that they’re paying for, that customer or the pair for us has largely been government. And even those deals and projects and things that we have worked that are not a government entity that are commercial customer, a lot of their business is for the government. And so, either directly or indirectly, I came finally to realize, “I should stop thinking about the market in terms of what could be. And focus on what is.” And so, we’ve been able to be successful building and flying rockets. We’ve had a big DARPA program a couple of years ago. Three companies were selected to design a reusable booster, Masten Space Systems and then two other companies no one has heard of, Boeing and Northrop Grumman.

Mike Blake: [00:24:12] Oh, yeah. Those has-beens.

Sean Mahoney: [00:24:15] Yes. Yeah. And you’ll also note there’s a bunch of other companies that did not win that way. So, we had that contract that was phenomenal. I learned a lot. We grew a lot. But the market for that had turned a little crazy. And I had to make the – this was a decision point. I decided to put our launch – applying our technology to a launch solution and put it on ice. Because everyone of our brother had started a launch company. And I can’t. I was burdened with the reality of understanding how hard some of this stuff is. And I could not lie and just say, “Oh, yeah. We can do this. This will be easy.” I know it’s not going to be easy. And so, some people had the benefit of idealism and enthusiasm. Or maybe they were ten times smarter than us. But I know enough to know some of the bold proclamations of what you’re gonna do aren’t going to pan out.

Sean Mahoney: [00:25:27] So, fortunately, by the time that happened, the other piece of what we’re expecting to come around was growing. And we had been quietly working for that last decade on the lunar lander side of things. But what I didn’t do was bother talking about it. Why? Well, there was a Google Lunar XPRIZE competition going on that we had supported companies, but we were not directly competing in. And I felt that the market wasn’t real yet. I did not see the ability to actually get dollars committed and flowing. That was anticipated to change. It did change.

Sean Mahoney: [00:26:14] And now, as of today, not only do we have government buying delivery of payloads to the moon, similar to they buy payload delivery to the National Space Station. Masten has not only the broad general contract, but a specific task order. And so, we’ve been selected to deliver a series of instruments for NASA. And now, it’s time to put all of this decade in my case, a-decade-and-a-half in Dave’s case, to work delivering payloads to the moon for the government, for NASA, for other government agencies, and for commercial markets as well. So, I get to serve all of them.

Mike Blake: [00:27:03] I want to interject a little bit because hat one decision point you talked about where you had to decide if you’re going to be on a launch business or the landing business, I think was really important. And tell me if I’m wrong, but I suspect there are kind of two big factors at work. Number one is that, I don’t think you have the resources really to pursue both. You kind of have to make a decision and just put all your chips in the one square. And then second, it occurs to me – not that I want to understate the difficulty – but let’s face it, there have been a lot more spacecraft that have been launched than have been landed. So, isn’t a trick of a soft landing –

Sean Mahoney: [00:27:52] Oh, God. Yeah.

Mike Blake: [00:27:54] … isn’t that kind of a more rare thing?

Sean Mahoney: [00:27:59] Yes. Yeah. So, let me address the technology piece of it. First, absolutely going up is easy. We’ve kind of known how to do that for a long time. Coming down is even easier. Even longer amount of time we figured out how gravity works. It’s that controlled landing that is the really hard part. And so, yes. Absolutely. Now, what I can tell you is that, with that understanding, Dave started out focused on the hardest part first. And that’s why the company has – we have more flight operations. We have done more rocket landings than anyone.

Sean Mahoney: [00:28:47] But we’re not bringing it back from space. We had focused on – think of it as doing more diverse stuff rather than altitude. And there was a decision point earlier on where I was like, “Okay. Do we focus on going higher and faster or do we focus on doing more and refining more of the landing?” So, the landing stuff, I feel pretty good about. I feel like we have decent enough understanding. I know there’s things that we know. I know there’s things that we don’t know. Because we actually thought we had the whole thing figured out. And then we found out we didn’t.

Sean Mahoney: [00:29:25] And so, you know, we’ve gone through that iteration. That was the landing part is the thing that has really been a core assets of ours. And it’s not just – and this is in a lot of industries and especially in space. We really like the superlatives of saying first. But first is nice for a press release. Repeatable, reliable is what you need for the business. And so, just because you did something first doesn’t mean squat if it never goes anywhere, right? If it never gets you anywhere.

Sean Mahoney: [00:30:05] And a lot of times, because of the long timelines, people are grasping – they’re seeking something to differentiate themselves and say, “Aha. Look, I did this.” And that’s great. But I am less interested – personally, as to the business side of things, I don’t care about your feet of rocketry of technical performance. What I care about is, are you creating value for your partner? Are you helping make them rock stars inside their organization? Are you helping find ways to make someone else’s life better today? And so, yes, the landings part is hard. That was not actually the problem.

Sean Mahoney: [00:30:50] I have spent a lot of time obsessing over this question of diversification versus focus, diversification versus focus. The best practice for entrepreneurship is laser like focus. Pick a thing and do that. I understand and I agree. However, that’s not exactly what we’ve done. And we were keeping multiple things open at the same time. And here’s the reason why. For space, there are a few – it’s a small N on statistics. A few big events that happen infrequently. So, I could choose, “We’re gonna be all in on the moon. Great.” And if that had been the decision in 2011, that had been fine. But we would have run out of money and gone out of business. I could’ve said we’re all in on launch. And then when launch dried up and we weren’t selected for the next DARPA phase, we could have been them out of business there.

Sean Mahoney: [00:32:11] And so, it is a difficult thing that I’ve grappled with because I understand the best practice and yet have chosen a different approach. And so, right now, the way I frame it is, delivery to the moon is our flagship. That is the thing that is very clear. That is the big thing that gains people attention. And I can show you how the other work that we’re doing aligns with providing value to the people who want to get access to the surface of the moon. And so, our terrestrial flights.

Mike Blake: [00:32:54] Sorry about that.

Sean Mahoney: [00:32:54] No. No. It’s okay.

Mike Blake: [00:32:54] But what I take out of that is, I think, a couple of very important points. Is that one misconception is that selling to the government is fundamentally different from selling to private sector clients. But what you’re telling me is, at the end of the day, it’s still about providing value even if value might be defined somewhat differently. And it’s about making your customer somehow better. And along the way, while you talked a little bit in your story about, you know, there are some strong advocates from Masten because they know they got a technically, and I presume, decided to become advocates. And that tells me that somehow you were able to develop a relationship with the government or something in the government.

Mike Blake: [00:33:54] And I think a lot of people wouldn’t expect that that’s something you could do, at least not in a typical way. When we think about relations with the government, frankly, we think about lobbyists and we think about having your senator make a well-placed phone call to somebody. But we don’t think of it necessarily in terms of just good old-fashioned garden variety, people to people relationships. But it sounds like that that actually does – that actually is present.

Sean Mahoney: [00:34:27] Yeah. And by the way, working in space has this problem is that it oftentimes is so cool that it distracts us from whatever other conversation we’re having. So, here we’ve talked all this stuff about Masten and haven’t really addressed some of the government part.

Sean Mahoney: [00:34:44] So, yeah, first of all, the government, you do not sell to the government. No organization is actually monolithic. And that’s a mindset. Like, you’re not selling into a faceless blob. No matter what, whether you’re selling to a small company or a big company, the government. You are selling to individuals. And that is a key thing I think some people don’t quite understand. It’s not like you’re just throwing in a proposal and then someone throws money at you. There’s someone on the other side of that. That is a person that has things that they’re trying to accomplish.

Sean Mahoney: [00:35:37] And just like if you’re selling to a local mom and pop shop and you’re selling them something. The same thing applies if you’re selling something to the government. You’ve got to understand as best you can what they’re trying to do. And it’s not maybe as easy as going in. But it’s also not impossible. And it’s not necessarily as hard. So, the perception that it’s only for the bigs is not accurate. And it’s demonstrably not accurate, like, there are some specific things that are clear that our federal government has interests in working with small business.

Sean Mahoney: [00:36:23] I will tell you that there is this thing called industry capture, where any industry that is selling to the government often has a lot of influence in what the government asks for and wants to buy. It is not necessarily these whole arms, like the ideal maybe that the government chooses to acquire things and companies have to propose against it. But oftentimes the thing the government asked for is influenced and shouldn’t be influenced by what the market can provide.

Sean Mahoney: [00:37:04] And so, it is an interesting challenge. Because from the government standpoint, their risk posture is different. It’s sometimes very similar to a large organization. It used to be – and every industry has the saying, no one gets fired for buying blank industry leader. No one gets fired for buying from IBM. It doesn’t matter if it’s a good deal or a bad deal, or whatever. It doesn’t matter. They’re the industry leader. So, you’re not going to get in trouble if you buy from them.

Mike Blake: [00:37:38] Well, right now, I’d imagine in your world, nobody gets fired for buying from Grumman or Raytheon or –

Sean Mahoney: [00:37:44] Correct.

Mike Blake: [00:37:45] … Boeing, right? And I have to imagine that at least crossed your mind –

Sean Mahoney: [00:37:50] Oh, yeah.

Mike Blake: [00:37:51] … as pertaining to these things, right?

Sean Mahoney: [00:37:54] Absolutely.

Mike Blake: [00:37:54] Did it turn out that that was a legitimate fear?

Sean Mahoney: [00:38:01] Yes.

Mike Blake: [00:38:01] Or once you got in, did you find out that maybe they even kind of root for the little guy?

Sean Mahoney: [00:38:07] There are –

Mike Blake: [00:38:10] It’s not monolithic, right? It depends.

Sean Mahoney: [00:38:12] It’s not. Right. Yeah. It’s not. Yeah. So, I don’t know if it makes sense to do the negatives. Let me start with the negatives because it’s better to start there. There is an awful lot of process that is designed to prevent government fraud, waste, and abuse. There is a lot of things that exist to prevent the government from doing bad, stupid, fraudulent things. And you know what? On principle, everyone says, “Yeah, of course. We want the government to reduce fraud.”

Sean Mahoney: [00:38:53] There is a point, however, where you get diminishing returns. And so, there is an information asymmetry for you to this particular industry. And the incumbents who have mature processes and systems. And that becomes right there is the kind of the key difference. That information asymmetry means that you don’t know about the federal acquisition requirements. And if you don’t know how to quote them chapter and verse, you may wind up getting yourself into some difficulty because you have this extra burden, this extra cost of compliance. So, that favors larger companies.

Sean Mahoney: [00:39:41] Now, I will flip to the opposite side and say, “Yes.” And the government aware of that. And there are specific initiatives that have been around for a long time. And new ones where people on the government side are trying to find ways to reduce or circumnavigate those burdens of doing business with the government. And the first one is to point out the SBIR program, Small Business Innovation and Research. And then there’s an STTR, which is – oh, I don’t know. I forgot the acronym.

Mike Blake: [00:40:13] Science and Technology Transfer –

Sean Mahoney: [00:40:13] Yeah. R –

Mike Blake: [00:40:20] … Research, something like that. Yeah.

Sean Mahoney: [00:40:20] The idea there is that this is federally mandated to be a percentage of federal agency budget across, I think, 11 different agencies. And it is money that they have to spend on small businesses. Small businesses is defined as less than 500 people. So, this is obligated money that they have to push this away. The question is, how do you go about tapping into it. And how do you make sure that this is something that’s not going to just bog you down?

Mike Blake: [00:40:59] Let’s dive into that. So, how do you – I mean, what’s the first step, right? When you’ve figured out that NASA ought to be an important customer, I mean, do you just do you just call NASA up and say, “Hey, I’ve got this landing system. And, hey, you might want to use it to land on Mars, the moon, or whatever?” How do you start?

Sean Mahoney: [00:41:22] Yeah. “Dear NASA, please buy my rocket stuff.”

Mike Blake: [00:41:27] Door to door? I mean, “Hey, bud. Do you want to buy my landing system?”

Sean Mahoney: [00:41:31] The first thing to do is not to build a rocket. The first thing to do is go talk to people and understand their pain points. And so, I will refer you to the customer discovery model, and the iCore, and Steve Blank. And understand the pain in the market first. And then build a solution to it. How do you understand a pain in the market? Well, there are a lot of things that are available.

Sean Mahoney: [00:42:18] Number one, go look at the previous SBIR solicitations and the topics that are there. And you can read through what has been selected. And you can call those companies, you can call those sponsors. Most government officials probably have phone numbers and contact information available publicly that you don’t have to pay for because it’s probably required one way or another. So, you can actually pick up the phone and call people and say, “Hey, I saw the solicitation was out last year. Do you guys get what you need? Or are you looking for something different? What’s coming up in the future?” Ask the questions.

Sean Mahoney: [00:43:02] Reading industry papers. The scientists and the engineers that write industry trade papers, whatever that is, look them up, call them up. I can tell you they love talking about those papers that they wrote. And I will also tell you most people don’t read those papers and don’t refer to them. And you will immediately – if you have a topic and you actually, like, pick up and read their thing, they’ll be thrilled to talk about the thing that they spent their time writing the paper on. And can help guide you into, “Okay. Well, here’s a pain point that I know somebody has.”

Sean Mahoney: [00:43:40] And then the other one is just show up and be useful. Go to conferences, volunteer. If you’re trying to get into an industry, find an industry group. Volunteer to serve on a panel, to do a thing, to take tickets, and whatever. Become part of the community. Become a known entity. And that way you can help work your way in.

Sean Mahoney: [00:44:11] So, I know I had just kind of networked your way into the government. It sounds kind of odd. But again, it’s not the government. It is, probably, an agency. And more particularly a director. And more particularly a group. And more particularly a set of, you know, 50 to 100 people that work in and around whatever domain you have interest in. So, how to get in, that’s my recommendation for that. It is kind of pick up the phone, but start with the questions.

Mike Blake: [00:44:49] Now, let me ask you this, how did you find the government or NASA? I guess, they are not monolithic. So, I’ll ask you to talk about what you’ve actually done. How you found NASA or whatever specific office you are dealing with in NASA in terms of their responsiveness? You know, I think many of us – I don’t want to be ideological here – but many of us, when we think of the government, we basically think of the DMV. And everybody’s a DMV. And not everybody is a DMV. I don’t think the DMV could launch vehicles into orbit. But the perception is that they’re slow as molasses. And it’s going to be a nightmare in terms of length of sales cycle. And they can’t make a decision. How has your experience been relative to that perception?

Sean Mahoney: [00:45:42] Spot on.

Mike Blake: [00:45:45] Really?

Sean Mahoney: [00:45:45] In some cases, spot on. And it’s important to realize the different objectives and the different world that your government partner lives in. And it’s one thing to say, “Well, it’s crazy that this thing takes 18 months.” They might know that it’s crazy. But it also might be the way things are. And to a certain degree, some of this is a gravity problem. And this is not a space thing. A gravity problem is one of those ones that is not worth getting upset about because it’s just there. And government bureaucracy, like, if you want to skip the bureaucracy and want to just take straight payments from someone, feel free. However, you’re likely to have then have to pay the price when someone says, “Hey, how come you didn’t follow procedures and yadda, yadda, yadda.” Right?

Sean Mahoney: [00:46:52] So, yes, there are some things that are absolutely infuriating. A sales cycle for some of these things, even small amounts of money, can be 18 months easily. And if you want to go all the way back to the beginning and having the conversation with a person you want to sponsor a topic that you then apply to, that you then get selected for, then you negotiate a contract for them, and start executing on, you know, two years for a small business? I don’t know about you, but my lifestyle, like, were fruit flies. I live week to week, day to day, month to month.

Mike Blake: [00:47:37] Now, the sales cycle requires – go ahead. Sorry.

Sean Mahoney: [00:47:40] No. It’s an entirely different thing. And it’s not worth railing against it to say, “Oh, it’s not fair. It’s not right.” You know what? It’s not fair and it’s not right and it doesn’t matter. It is. And so, play the game. Play the field. Understand that it’s going to take that long. And figure out, maybe, the choice is you don’t wanna do it.

Sean Mahoney: [00:48:05] Let me also flip around the other side and say, doing a project with the Air Force – and I’m not kidding you on this – we submitted a proposal. We were contacted nine days later on a Saturday telling us we’d been selected. And we had a contract a week after that. That is unheard of. That was only 50K, but it doesn’t matter. That is the speed and why are they moving that fast? Because DOD realized that they had made it so difficult to work with. That the best and brightest are busy building, you know, the next Uber app and are not even engaging with the government. I don’t need to bother with your process and your BS and all the rest of it. I am just going to sell my stuff to someone who can pay me. And I don’t have to deal with the FAR and they don’t have to deal with all this other crap.

Sean Mahoney: [00:49:07] So, there are pieces that are in effect. Sometimes they’re referred to as Other Transaction Authority, OTA. And this can be a program if it’s set up that way. Whether the government can have reduced amount of certification, all of this other stuff that goes on. But you’ve got to have someone that’s willing to find and exercise those things.

Sean Mahoney: [00:49:38] And let me just real quick, because I talked about SBIR and I talked about the long sales cycle and how much of a pain on the butt it is. And for $125,000, it just doesn’t make sense. But this is the thing. And you have to add even more time to get to this point. Phase one might be 50, might be 150K. Not a whole lot. Phase twos might be half-a-million to a-million-and-a-half. That’s better, right? You do successful. But yield on an SBIR, depending upon the agency, 15 percent, sometimes less. Phase one to phase two, maybe 50 percent. But once you have completed an SBIR successfully, phase one, now you have a contract vehicle that will allow someone in the government to sole source a contract to you as long as it relates to that topic.

Sean Mahoney: [00:50:51] And so, I’m going to bring it back to what I said at the very beginning, someone wanting to buy the thing you’re selling, the service or product, having the budget and the money to pay for it. And you need a way for them to be able to get that to you. If you think about your business and you set it up so that you are building customers, and building budgets to support, and building a portfolio of contracts that can be used to send business to you, it can open this whole world up. So, it is a big wall in the front, but can be very beneficial once you get through it.

Mike Blake: [00:51:39] So, we’re talking with Sean Mahoney of Masten Space Systems. I think a takeaway from that is that if you are personally or institutionally impatient, selling to the government is probably not for you.

Sean Mahoney: [00:51:54] It does require – yeah.

Mike Blake: [00:51:59] I mean, again, there is a nine-day contract and so forth. But let’s face it, if you’re just the impatient type –

Sean Mahoney: [00:52:04] Yeah. Or find someone to partner with who will take half the value of the contract or more and handle all that stuff for you. Right?

Mike Blake: [00:52:17] Okay. Yeah.

Sean Mahoney: [00:52:17] If you’re really impatient, but you’ve got something that’s really valuable, don’t complain about giving up a whole – “Oh, well. I did all this work.” Yep. But you can’t sell to anybody so it doesn’t matter. Right? But yeah, it is not for the impatient. But then again, I would say entrepreneurship is not for the impatient. It takes time. You need to move extraordinarily quick every day. But then, also, it’s a marathon. So, you got to do both. You got to sprint every day in a marathon and keep your wits about you. Then it’s phenomenal, but it’s not easy, to say the least.

Mike Blake: [00:53:06] So, we’re running out of time and there are a couple more questions I want to try to sneak in here if I can. One question is about cost sensitivity. On the one hand, you hear about the government that they always go to the lowest bidder. On the other hand, you hear about $500 toilet seats. So, in your experience, what’s the reality there?

Sean Mahoney: [00:53:31] Different types of contract. So, you have a cost plus contract where the government will choose a vendor. And then, basically, you do change orders to keep adding things on. Or you then have firm fixed price contracts, which is this is the thing, you deliver it regardless. Now, in an ideal world, things that are mature would be that firm fixed price because you know your cost of production. You know, you’re selling pencils to the government. Fine.

Sean Mahoney: [00:54:06] In reality, things have kind of become inverted. And so, Masten, as a small research company, is doing from fixed price contracting for highly uncertain projects because of our R&D. I’m willing to take that risk. I have to build my pricing to the government sufficiently to cover my risk. They would be willing to allow a given contract to put me under. Does the government care about price? Yes and no. I wish I could say it’s one single answer. It’s not.

Sean Mahoney: [00:54:54] I will say to the entrepreneurs, selling on price is very difficult. And it can kill you. If you think I will cut my rate to the government in order to win this contract but you can’t pay yourself, then you will die because you’re not hitting enough. And the same in symmetry as I talked about earlier can bite you here. I am a strong advocate for the idea of SBIR programs. Basically, just coming up with a standard deduction on your tax form. They should have a standard rate and say, “We’re going to pay 200 bucks an hour on an SBIR,” or whatever it is.

Sean Mahoney: [00:55:50] In reality, you have to submit your pricing even on a firm fixed. Then you have to go through negotiations. My recommendation is use Bureau of Labor Statistics numbers. Use those industry numbers that you can. And do not allow the fact that you are taking less than market salary. And then passing that direct benefit on into an SBIR program. Because then you’ll never get yourself out of it. Right?

Sean Mahoney: [00:56:30] And so, that’s one of the things, I did not agree to price our services at the obscenely lower rate that we pay ourselves divided by 2,000 hours and say, “Okay. You can buy one hour at one/2,000ths of our salary.” No. That is not a sustainable business. So, I’m not saying government is going to buy gold plated stuff. But I am saying don’t sell on price. Because regardless if you’re selling to the government or anything else, selling on price is a bad idea.

Mike Blake: [00:57:16] Sean, there’s a lot of stuff we could still cover, but I also know you’re really busy. But if somebody wants to ask you more about selling to the government, you’re experience with it, how can people contact you? Can people contact you? And if so, how could they do it?

Sean Mahoney: [00:57:32] Yes. You can absolutely contact me, smahoney@masten.aero, A-E-R-O. That’s my email. I can not guarantee you that I’m going to be able to catch every single one. But what I’d be happy to do, if there are folks that are interested from this conversation, I’m happy to pull folks together and do another kind of seminar, Q&A sort of thing. We’re a little bit busy. I am trying to get us on our way to the moon. But I absolutely believe in making sure we’re taking others with us.

Sean Mahoney: [00:58:17] I have benefited from your advice and guidance and from others in the Atlanta area, throughout the space industry, and honoring the support they have given us. I’m doing the same. It doesn’t have to be space related. We’re absolutely trying to make sure that we don’t pull at the ladder behind us. And share some of the things that we’ve learned to help others. So, drop me an email and we’ll make sure we set something up. If you get hammered with questions about this stuff, I’m happy to do a second round less about the space stuff and more about some of these crazy contracting stories which I’m happy to share as well.

Mike Blake: [00:59:01] Very good. Well, that’s going to wrap it up for today’s program. And I’d like to thank Sean Mahoney of Masten Space System so much for joining us and sharing his expertise. We’ll be exploring any topic each week. So, please tune in so that when you’re faced with your next decision, you have a clear vision when making them. If you enjoyed these podcasts, please consider leaving a review with your favorite podcast aggregator. That helps people find us that we can help them. Once again, this is Mike Blake. Our sponsors, Brady Ware & Company. And this has been the Decision Vision podcast.

Tagged With: Brady Ware, Brady Ware & Company, government contracting, Government Contracts, Masten Space Systems, Michael Blake, Mike Blake, sales cycle, Sean Mahoney, sell to the goverment, technology transfer

ProfitSense with Bill McDermott, Episode 11: Nancy Pridgen, Pridgen Bassett Law and Bill Foley, Foley Design

July 8, 2020 by John Ray

Nancy Pridgen
North Fulton Studio
ProfitSense with Bill McDermott, Episode 11: Nancy Pridgen, Pridgen Bassett Law and Bill Foley, Foley Design
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Nancy Pridgen

ProfitSense with Bill McDermott, Episode 11: Nancy Pridgen, Pridgen Bassett Law and Bill Foley, Foley Design

Host Bill McDermott welcomes Nancy Pridgen, Pridgen Bassett Law, to discuss her firm’s employment law and ERISA litigation work, while Bill Foley, Foley Design, discusses his integrated architecture, land planning and interior design firm. “ProfitSense with Bill McDermott” is broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Nancy Pridgen, Founding Member/Partner, Pridgen Bassett Law

Nancy Pridgen
Nancy Pridgen, Pridgen Bassett Law

Pridgen Bassett Law is an employment law and ERISA litigation boutique firm in Atlanta, providing nationwide representation for their wide-ranging clients. Their attorneys have spent many years at Alston & Bird and King & Spalding representing sophisticated top-tier clients in complex ERISA litigation and employment matters. Pridgen Bassett Law was created to make that experience accessible to a wider range of clients. ERISA and employment matters require knowledge and experience. Employees, executives, businesses, plan sponsors, and fiduciaries should have access to that resource — no matter the size of the matter or the size of the business. Pridgen Bassett Law is that resource.

ERISA is a comprehensive but exceedingly complex statutory enactment, and as such, is rife with the potential for disputes between plan participants/ beneficiaries and plan sponsors/fiduciaries. Pridgen Bassett Law distinguishes itself by understanding both sides of ERISA. They have counseled both employers and employees about ERISA, as well as litigated on their behalf. Pridgen Bassett Law’s comprehensive approach to ERISA litigation ultimately benefits our clients because it both enhances our ability to see a case from all sides and requires us to stay up to date on all of the latest legal developments in ERISA disputes.

The same applies to Pridgen Bassett Law’s handling of employment law matters, both for employers and employees. They firmly believe that having a well-rounded understanding of federal and state employment laws benefits all parties potentially involved in workplace disputes. They provide employment law representation to employees, typically executives or key employees, who have specific questions relating to their employment contracts, rights, and/or who are transitioning from one job to the next. Additionally, one of the most important services that Pridgen Bassett Law’s attorneys provide is ongoing employment counseling. When human resources questions arise regarding onboarding, separations, employee handbooks, grievance procedures, new requirements or other policy matters, the attorneys provide answers to ensure your company or your HR department is complying with current requirements under applicable federal and state employment laws.

More information is available on their website, or call 470-333-7472.

Bill Foley, President, Foley Design

Bill Foley, Foley Design

Foley Design integrates the disciplines of architecture, land planning and interior design, assuring a complete and fully coordinated project with design consistency throughout. This sole source responsibility eliminates the need for clients to intervene between consultants. Awarding-winning projects by Foley Design Associates include country clubs, fitness & tennis centers, guest properties, sports facilities, senior living communities, health care facilities, office buildings and development planning for residential and commercial parks. It is the integration of all three design disciplines, supported by the expertise of our staff, which allow us to provide design excellence and personal service to our clients.

Foley Design has been in business since 1991. Working with local and national developers they have been privileged to work with the United States Golf Association on their National Headquarters, designed one of the first senior living campuses in the Cypress of Hilton Head, and designed and help develop some of the largest and most influential Movie and Television studios in the world.

Today they continue as leaders in the design of senior, health care, studio, and hospitality design, surviving the 1993, 2008, and current impacts on the economy, creating designs of value for the development community.

For more information, visit the Foley Design website or call 404 200 1911.

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 Founder and CEO of McDermott Financial Solutions. After over three decades working for both national and community banks, Bill uses his expert knowledge to assist closely held companies with improving profitability, growing their business and finding financing. Bill is passionate about educating business owners about pertinent topics in the banking and finance arena.

He currently serves as Treasurer for the Atlanta Executive Forum and has held previous positions as 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: architecture, Bill Foley, employment counseling, employment law, employment matters, ERISA litigation, Foley Design, health care design, hospitality design, HR, interior design, land planning, Nancy Pridgen, Pridgen Bassett Law, studio design, workplace disputes

Ken Davis, Renasant Bank

July 8, 2020 by John Ray

North Fulton Business Radio
North Fulton Business Radio
Ken Davis, Renasant Bank
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Ken Davis Renasant BankKen Davis, Renasant Bank (North Fulton Business Radio, Episode 254)

During the PPP loan application crush, Renasant Bank took a community approach, accepting and approving loan applications from both current customers and non-customers alike. By serving their community in a crisis, Ken Davis and his team endeared themselves to scores of business owners. Ken joined the show to discuss this work and how it reflects Renasant’s long-held philosophy of service. The host of “North Fulton Business Radio” is John Ray, and the show is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Ken Davis, Renasant Bank, North Georgia Region Community & Business Banking President

Ken Davis has 30+ years of experience in the finance and banking industry. After graduation from college and serving six years in the U.S. Army, Ken returned to his hometown of Atlanta to begin his banking career. Prior to joining Renasant Bank, Ken served as an executive banker at other regional banks with responsibility to increase both commercial and consumer loan and deposit share in North Metro Atlanta. Davis earned a Bachelor of Arts degree from Wake Forest University and is a graduate of the American Bankers Association Stonier Graduate School of Banking.

Active in the community, Ken is a member of the Rotary Club of Roswell and serves as President of Roswell Economic Development & Tourism, Inc. In addition, he currently serves on the Board of Directors for the North Fulton Community Charities and the Gwinnett Chamber of Commerce. He has served as past Chairman of the Board of Directors of the Greater North Fulton Chamber of Commerce and is a graduate of Leadership Gwinnett.

He has served on the boards of Georgia Ensemble Theatre, North Metro Miracle League, March of Dimes of North Fulton, the Ed Isakson Alpharetta YMCA and the Chattahoochee Nature Center.

Ken and his wife, Miriam, have three grown daughters and two grandchildren.

Renasant Bank

Thirty years before Elvis Presley’s birth put Tupelo, Mississippi, on the map, a group of prominent businessmen from Lee County joined together to form The Peoples Bank & Trust Company, which would one day become Renasant Bank. Through perseverance, leadership, and commitment to their communities, Renasant Bank has withstood the Bankers’ Panic of 1907, the 1929 National Bank Holiday” along with many economic cycles. In 2010 and 2011, Renasant acquired Crescent Bank and Trust of Jasper and American Bank and Trust of Roswell through FDIC banking transactions. This gave Renasant 13 locations in the North Georgia and suburban Atlanta markets. In 2016, Renasant acquired KeyWorth Bank and in 2018 Renasant acquired Brand Bank.

Today, Renasant Bank has 30 branches in North Georgia and more than $3 Billion in assets. Renasant operates more than 200 locations in Mississippi, Alabama, Tennessee, Georgia and Florida and has approximately $13.9 Billion in assets. Their vision is to be the financial services advisor and provider of choice in each community they serve.

Point of Contact for Ken Davis

Company website

Email

Questions/Topics Discussed in this Show

  • Overview of Renasant Bank and its Georgia operations
  • Ken’s role as President of North Georgia
  • PPP loan program and Renasant’s community banking philosophy in that program
  • Across the company, Renasant funded 10,5000 PPP loan apps totaling $1.3 billion (as of June 22)
  • This amount represents roughly 10% of the assets of the entire company.
  • PPP loan forgiveness
  • The community banking approach taken by this large regional bank
  • Ken’s advice for business owners now

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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 200 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: banking, community banking, community service, John Ray, Ken Davis, Kenneth E. Davis, North Fulton Business Radio, North Georgia Region, PPP loan forgiveness, PPP loans, regional bank, renasant bank, small business

Mark Stiving, Impact Pricing

July 7, 2020 by John Ray

Mark Stiving
North Fulton Business Radio
Mark Stiving, Impact Pricing
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Mark Stiving

Mark Stiving, Impact Pricing (North Fulton Business Radio, Episode 253)

Mark Stiving, Impact Pricing, joins host John Ray to discuss his lifelong fascination with pricing, using what he calls “the value table,” placing a value on intangibles, and much more. If pricing is your problem (and Mark says for just about every company, it is), then this show is for you. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Mark Stiving, Chief Pricing Educator, Impact Pricing

Mark Stiving has a Ph.D. in Pricing, wrote a book on pricing, taught pricing at Ohio State, led pricing initiatives at two major semiconductor companies, has blogged on pricing since 2010, has a podcast on pricing, and currently teaches and mentors on pricing. You could say Mark knows pricing.

Mark is an educator at heart and a pricing enthusiast by education and experience. While teaching pricing, he realized the key problem is companies don’t understand value, what it is and how much they deliver to their customers.

For over 25 years he has studied, led and coached businesses through the lens of pricing, a radically different approach from other business experts. He knows that every person inside your company affects the price a buyer is willing to pay. The prices you achieve ultimately indicate how well the entirety of your company operates.

Mark has driven company-wide pricing initiatives worth hundreds of millions of dollars in incremental profit. He started and sold three companies, improving his championship pricing skills in each one.

Mark’s passion is teaching the power of pricing. He evangelizes pricing at major conferences and has conducted over 400 days of corporate training around the globe. Mark’s Price class maintains a net promoter score (NPS) of 81, higher than Apple’s.

Mark also writes about pricing. His book, Impact Pricing: Your Blueprint for Driving Profits, is a highly readable and practical manual (4.9 stars on Amazon).

Mark will change the way you and your team think about pricing and business as a whole.

Point of Contact for Mark Stiving

Company website

Champions of Value (Online Community)

Impact Pricing podcast

LinkedIn

Questions/Topics Discussed in this Show

  • How Mark got started in pricing
  • The purpose of Mark’s firm:  education on value and pricing
  • pricing and value for B2B vs. B2C companies
  • Value table:  Problem, Solution, Result, Value
  • How to place a dollar value on intangible value (using LinkedIn Sales Navigator as an example)
  • Why companies should be talking about problems and results vs. solutions
  • “Value capture gap”
  • Characteristics of a company which has a pricing problem
  • Customer segmentation and price segmentation
  • What is a value conversation?
  • Most companies are not equipped to have a value conversation
  • Value based pricing
  • Pricing in a pandemic
  • Creating a “culture of value” in a company
  • Subscription pricing

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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: B2B pricing, culture of value, customer segmentation, Impact Pricing, John Ray, LinkedIn Sales, Mark Stiving, North Fulton Business Radio, price segmentation, pricing, subscription pricing, value, value based pricing, value capture gap, value pricing, value table

Cordelia Blake, Koala Commerce

July 6, 2020 by John Ray

Koala Commerce
North Fulton Business Radio
Cordelia Blake, Koala Commerce
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Koala Commerce

Cordelia Blake, Koala Commerce (North Fulton Business Radio, Episode 252)

Koala Commerce CEO Cordelia Blake joins host John Ray to discuss both mistakes and success stories of brands selling on Amazon. Cordelia explains the problem in navigating the “unwritten rules” for Amazon merchants and much more. It’s “must listen” for anyone selling on Amazon. “North Fulton Business Radio” is produced virtually by the North Fulton studio of Business RadioX® in Alpharetta.

Cordelia Blake, CEO, Koala Commerce

Cordelia Blake has been a successful business owner in the fields of technology and e-commerce for over 20 years. Her diverse skill set spans systems administration, web development, training, training development, customer service, and e-commerce. She started her own e-commerce product selling company in 2013. She also consults with businesses on Amazon strategy, is a public speaker, community leader, and teacher.

She is a partner at Koala Commerce in e-commerce product development, sales and consulting and CEO of Scanner Society – Amazon sellers knowledge share and training. She is a New York native who happily transplanted with her family to Atlanta after living in just a few places (5 states, 2 countries). She resides with her husband, 2 sons, black lab, and 2 cats in Chamblee, Georgia.

Point of Contact for Cordelia Blake

LinkedIn: Cordelia Blake

Facebook: Cordelia Blake

YouTube 

Questions/Topics Discussed in this Show

  • Amazon brand management
  • Why some brands do better than others on Amazon
  • Pros and cons of selling your product on Amazon
  • How selling e-commerce products can enhance any business
  • Local e-commerce vs national e-commerce: Plan & Profit
  • Evolving E-Commerce

North Fulton Business Radio” is 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 is available on all the major podcast apps, including Apple Podcasts, Spotify, Google, iHeart Radio, Stitcher, TuneIn, and others.

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: Amazon.com, Cordelia Blake, e-Commerce, e-commerce businesses, e-commerce products, John Ray, Koala Commerce, North Fulton Business Radio, selling on Amazon

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