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CimCo, Voice At Large, and Fountainhead Consulting Group

December 9, 2014 by angishields

Midtown Business Radio
Midtown Business Radio
CimCo, Voice At Large, and Fountainhead Consulting Group
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Midtown Business Radio

CimCo, Voice At Large, and Fountainhead Consulting Group

This week we sat down with B2B experts from CimCo, Voice At Large, and Fountainhead Consulting Group. Bill Plunk and wife, Deidre, founded CimCo Commercial Collections. After teaching in public school for a number of years, Bill made a professional change and entered the banking world. Early on he was tasked with collecting money on loan accounts that were delinquent. Prior to this assignment he had received no training in how to conduct collections calls so he decided he would try to do so in a manner he would hope someone would use if they called HIM to collect on a debt. It quickly became apparent his approach to contacting persons and businesses behind on payments was very effective. He was able to bring many accounts current that had been months (or more) behind, avoiding significant write-offs. He ultimately broke off and started his own company, CimCo Commercial Collections, providing the same courteous, respectful service to his clients and their delinquent customers. His typical results bring resolution on delinquent accounts within 90 days. And his approach to collections has inspired several of the businesses he was collecting on to become customers themselves; a true testament to how he goes about this challenging business.

Bill was kind enough to introduce us to our other guests, Randy Reeves and George Horrigan of Fountainhead Consulting Group. Randy comes from a long background as a dj and voice talent in broadcast radio, spending time in a number of radio stations. He saw an opportunity to become an independent voice actor for stations and various advertisers and for the last few years he has done just that. Listening to the broadcast it’s quickly apparent he has a voice that lends itself to radio and voice over functions. Along with a voice with qualities that make it right for voice talent work, he also brings a pleasant, professional demeanor, making him a great choice as a business partner for the company seeking voice-over talent.

George Horrigan is Founder and CEO of Fountainhead Consulting Group, Inc. which provides consultations on a full range of business planning and operation issues thus enabling you to “Work Less, Make More and Have Fun in Your Business” (the title of his soon-to-be-released book). George has personally has started and operated seven companies and understands the mindset and mentality of an entrepreneur thus giving him both professional and personal perspectives on creating a thriving business. From his over 25 years of experience of being a CPA and a business planner he has a proven track record of showing people step by step, how to grow and take their businesses to the next level by eliminating the guesswork, trial and error, and uncertainty that plague so many business owners. George also introduced us to his book, “Creating a Thriving Business”, aimed at helping the entrepreneurs reading it to do just that by addressing several key data points and strategies that he believes are vital to a successful business venture.

Special Guests:

Bill and Diedre Plunk of CimCo Commercial Collections  Linkedin 

CimCo Commercial Collection

  • BS in Education, Minor in Business, Northeastern State University
  • Former Teacher and Coach, Oklahoma Public Schools
  • Board Member, River of Praise Ministries

Randy Reeves of Voice At Large  Linkedin 

Voice At Large

  • Can be heard frequently on Adult Contemporary and Country Stations
  • Voice talent for numerous TV and Radio ads
  • Recently ranked #14 on Benztown’s Top 50 Biggest Radio Voices of 2014

George Horrigan, Founder and CEO of Fountainhead Consulting Group  Linkedin  Facebook feed logo

Horrigan

  • BBA Accounting, Cleveland State University
  • MS, Financial Information Systems, Cleveland State University
  • Author, “Creating a Thriving Business” and “Work Less, Make More, and Have Fun In Your Business”
  • Former Director of Information Systems, BET
  • Former Financial Services Consulting Manager, HBO & Company

Tagged With: CPa, creating a thriving business, CW Hall, day sales outstanding, delinquent accounts, DSO, Fountainhead Consulting Group, George Horrigan, loans, Midtown Business Radio, public speaking, Randy Reeves, voice acting, voice at large, voice over, Voice Talent

NowAccount Network Corporation

September 2, 2014 by angishields

Midtown Business Radio
Midtown Business Radio
NowAccount Network Corporation
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Nowaccounts Network Corproation
Kim Humphreys and Lara Hodgson of NowAccount Network Corporation

Nowaccount Network Corporation Eliminates DSO Aging for Small to Medium-sized B2B Companies

Today on Midtown Business Radio we were joined by Lara Hodgson and Kim Humphreys of Nowaccount Network Corporation.  In the business world, companies can encounter significant risk related to prolonged aging of their Accounts Receivable.  It’s not uncommon for some businesses to have a Day Sales Outstanding of nearly 60 days.  With so much capital unavailable to cover costs such as payroll, necessary production materials, and capital equipment, many companies are forced to avoid taking on larger contracts/client orders or even close their doors due to capital short-fall.  Until now, B2B companies were forced to try to secure capital through onerous loans (if they could obtain one), factoring agreements (which require disclosure to all clients), and other less-than-optimal sources of funds.  Service companies that provide a service versus selling goods/products can have a particularly difficult time gaining access to loans or other options due to a lack of inventory/capital equipment that could be used as collateral.

Nowaccount serves the B2B space and provides access to AR pending capital within 2-5 days for a 2.5% fee.  In essence the service is akin to being able to accept a credit card for invoices.  Their clients can select which of their customers’ accounts they wish to include in their program rather than requiring them to enroll ALL AR.  Additionally, Nowaccount Network Corporation doesn’t force a long-term contract on their clients, giving them even greater flexibility.  Nowaccount does not require disclosure to their clients’ customers of their relationship so engaging in Nowaccount’s services is completely invisible to the B2B’s customers.  With access to their capital in such a timely fashion, many of the company’s clients have been able to leverage their quick access to pending AR capital into securing large contracts that would have been previously-inaccessible.  Some Nowaccount customers have been able to use their newly-acquired AR Cash in hand to gain bulk buying discounts on supplies/production materials and even improved company valuation prior to selling their company.  If your company is a B2B company that doesn’t have access to capital sources the Big Boys have there is no good reason to not be taking advantage of Nowaccount Network Corporation’s elegant solution to aging DSO!

Special guest:

Lara O’Connor-Hodgson, CEO of Nowaccount Network Corporation  Twitter  LinkedIn  Facebook

Nowaccount Network Corporation
Lara O’Connor-Hodgson of Nowaccount Network Corporation
  • MBA Harvard Business School
  • Former Adjunct Professor of Finance, Georgia Institute of Technology
  • Board of Directors, Georgia Regional Transportation Authority
  • Owner, Insomnia Group
  • Chairman of the Board, Atlanta Heights Charter School
  • Second Language–Japanese

Tagged With: CW Hall, david schwegman, day sales outstanding, dr. david schwegman, DSO, factoring, financial services, Kim Humphreys, Lara Hodgson, Lara O'Connor Hodgson, medium-sized business, NOWaccount, NOWaccount Network Corporation, small business

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