ProfitSense with Bill McDermott Archives - Page 10 of 11

Jeff Berman, Berman Fink Van Horn P.C. and Brian Olson, Café Intermezzo (ProfitSense with Bill McDermott, Episode 15)

November 12, 2020 by John Ray

North Fulton Studio

Jeff Berman, Berman Fink Van Horn P.C. and Brian Olson, Café Intermezzo (ProfitSense with Bill McDermott, Episode 15)

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Jeff Berman, Berman Fink Van Horn P.C. and Brian Olson, Café Intermezzo (ProfitSense with Bill McDermott, Episode 15)

Host Bill McDermott welcomes Jeff Berman to discuss merger & acquisition activity in the pandemic, and Café Intermezzo Founder Brian Olson shares his passion for the European-style coffee houses he has developed in Atlanta and Nashville. “ProfitSense with Bill McDermott” is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Jeff Berman, Managing Partner, Berman Fink Van Horn P.C.

**Jeff Berman, Berman Fink Van Horn P.C.**

Jeff Berman has practiced law in Atlanta for more than 30 years and genuinely enjoys being a lawyer. He works with clients who are creating and growing innovative companies. Throughout his legal career, he has had the opportunity to work with exceptionally successful business owners on a wide range of legal and business issues that directly affect the business owner and his or her business.

Jeff heads Berman Fink Van Horn’s corporate and business practice. In addition to day-to-day business matters, his practice includes mergers and acquisitions for middle-market companies, employment agreements, succession, and estate planning for business owners, commercial real estate, and contracts and agreements of all kinds. Jeff partners with clients to make their businesses run smoothly, make processes easier, avoid surprises and, ultimately, help them and their business grow and succeed. He believes that if your business moves fast and runs lean, you need an advisor who can do the same and be an integral part of your business.

Jeff has been a shareholder at Berman Fink Van Horn since January 1997 and managing partner since 2004. He was admitted to the Georgia Bar in 1982. He is a member of the State Bar of Georgia, the American Bar Association, the Lawyers Club of Atlanta, the Corporate Lawyer Network, and the Business Law Section of the State Bar of Georgia.

He is First Vice-Chair of the Jewish HomeLife Board of Directors and serves as Chair of the Business and Strategic Planning Committee.

Jeff is a Georgia native. After graduating from the University of North Carolina at Chapel Hill in 1979, he obtained his law degree from Emory University School of Law in 1982. He is married to Kimberly Richardson Berman and they have two children. They are enthusiastic international travelers, with France, Southeast Asia, and Jamaica being among their favorite destinations. Jeff is an avid reader and a collector of first editions of award-winning mystery and science fiction novels. He also enjoys biking, boating, and scuba diving.

Brian Olson, Founder/President, Café Intermezzo

Café Intermezzo began in the mind of Brian Olson in 1971 as he first visited his maternal heritage homeland of Germany. First landing in Berlin, his cousin took him to a konditorei, which is a German term for an elegant European café/coffeehouse. A seed was planted for a dream to grow of one day opening his own European coffeehouse in America.

As a respite in a person’s day, a place to stop, to relax, to think…as an “intermission ” between all of the activities and responsibilities, Olson believed that the Kaffeehaus would provide a distinct and wonderful refuge in the ever-expanding world of fast-food and environments designed to expedite takeout beverages and foods. The European coffeehouse represents the antithesis of food and drink in a hurry. Here the music, the aromas, the art, the sheer nature of the Café all represent the essence of the coffeehouse experience.

Today, Café Intermezzo has five locations in the southeast. Learn more at the company website.

About “ProfitSense” and Your Host, Bill McDermott

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

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

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

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

ProfitSense with Bill McDermott, Episode 13: Cory Lee, Martin Concrete Construction, Nathan Johns, MendenFreiman, LLP, and Eric Cooley, Strack Inc.

September 10, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 13: Cory Lee, Martin Concrete Construction, Nathan Johns, MendenFreiman, LLP, and Eric Cooley, Strack Inc.

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ProfitSense with Bill McDermott, Episode 13: Cory Lee, Martin Concrete Construction; Nathan Johns, MendenFreiman, LLP; and Eric Cooley, Strack Inc.

Martin Concrete President Cory Lee joins host Bill McDermott to discuss his company and their “best place to work” awards. Nathan Johns also joined the show to discuss maximizing the value of a business in a sale, while Eric Cooley shared Strack’s three generation track record as a successful family business. “ProfitSense with Bill McDermott” is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Cory Lee, President, Martin Concrete Construction, Inc.

Martin Concrete Construction Inc. is a large concrete subcontractor specializing in commercial and industrial construction. They have historically performed a high volume in data centers and distribution. Tilt wall is the main product line for Martin. They own and operate a fleet of cranes in Full Tilt Crane services and two ready mix plants with 16 ready mix trucks in MC Ready Mix. because of this, Martin is uniquely positioned to take care of the increased demand in e commerce.

Martin also performs commercial concrete structures and manufacturing facilities as a part of their portfolio. Martin has always kept the customer and quality among the top of their priorities. Relationships drive their business and is evidenced in the 85% repeat business they perform.

Being named the Best Place to Work in 2019 by the Atlanta Business Chronical for large companies in Atlanta was a humbling and proud achievement. Being named a finalist for 2020 is on the top of their list of achievements for this year.

Nathan Johns, Partner, MendenFreiman, LLP

MendenFreiman is a boutique law firm located in Atlanta, GA, with a focus on business law, estate planning, tax controversy, tax planning, and estate and trust administration. Founded in 1997, the firm’s attorneys have strong tax, accounting, and financial backgrounds. MendenFreiman’s mission is to help clients address today’s issues and plan for the future by identifying and simplifying complex business, personal, financial, legal, and tax issues, particularly for closely held businesses and individuals.

Nathan Johns is a partner in MendenFreiman’s business and real estate practice areas. He joined MendenFreiman in 2013 and previously practiced with a mid-size firm in Atlanta. Nathan is a strategic advocate providing outside general counsel services and regularly represents private entities on business and transaction structuring, mergers and acquisitions, capital investment and financing.

Eric Cooley, CFO, Strack Inc.

Since its humble beginning in 1948, Strack, Inc. has grown into one of the largest full sitework contractors in the Atlanta metroplex area. Strack provides grading and earthwork services, installs water, sewer and stormwater infrastructure and delivers trenchless boring & tunneling solutions for projects throughout the Southeastern United States.

Today, the Strack team is comprised of more than 400 employees operating over 300 heavy-equipment pieces. With safety as the foundation, Strack focuses on quality and responsible stewardship of time and resources to significantly reduce construction time and increase clients’ return on investment. Expert leadership, along with unmatched experience and resources, has allowed Strack to maximize productivity and project efficiency across a broad scope of market segments including single and multi-family residential, industrial, warehouse, mixed-use, education, landfill and rail.

Eric Cooley joined Strack as Chief Financial Officer in June 2019. With 20 years of construction related finance and leadership experience, Eric was brought in to partner with the executive team and lead the accounting, finance, cash management, project management, HR and IT functions.

About “ProfitSense” and Your Host, Bill McDermott

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.

ProfitSense with Bill McDermott, Episode 12: Deanne Barnes, Evans Tool & Die; David Sergile, STONE Resource Group; and Tom Vitale, Northwestern Mutual

August 14, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 12: Deanne Barnes, Evans Tool & Die; David Sergile, STONE Resource Group; and Tom Vitale, Northwestern Mutual

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ProfitSense with Bill McDermott, Episode 12: Deanne Barnes, Evans Tool & Die; David Sergile, STONE Resource Group; and Tom Vitale, Northwestern Mutual

Deanne Barnes with Evans Tool & Die joined host Bill McDermott to discuss her family tool & die and metal stamping business. In addition, David Sergile of STONE Resource Group joined the show to highlight his company’s staffing services, while Tom Vitale of Northwestern Mutual outlined his work in helping client with financial planning needs. “ProfitSense with Bill McDermott” is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Deanne Barnes, President & CEO, Evans Tool & Die, Inc./Evans Metal Stamping, Inc.

**Deanne Barnes, Evans Tool & Dye, Inc.**

Evans is a one stop, Made in the USA, Preferred Provider of precision Tool & Die builds and progressive and hand transfer metal stamping products. They provide complete design and engineering processes, assembly, and packaging. They provide risk management solutions to the overseas supply chain breakdowns for OEMs by localizing supply chains with high quality, seamless logistics and hands on supply chain control. Evans Tool & Die a 3rd generation, owned and operated, family business.

Deanne “Dee” Barnes has served as Chief Executive Officer and President of Evans Tool & Die/Evans Metal Stamping, Inc. since 2011. Dee is the granddaughter of company founder, Leonard Evans, Jr., and represents the company’s third generation of family leadership. A seasoned industry leader, she is the driving force behind Evan’s ongoing commitment to “Made in the USA” manufacturing and delivering the highest caliber of customer service. After attending Georgia College and State University, Dee has contributed in every aspect of the company for more than 30 years. Now as CEO, she continues the family legacy as an example of prosperous domestic manufacturing since 1948.

David Sergile, CEO, Stone Resource

STONE Resource Group is a minority owned professional IT, Finance & Accounting, and Telecom staffing and services company. Founded in Atlanta, GA in 2010, STONE provides high quality services for contract, contract-to-hire and direct-hire opportunities throughout the state of Georgia and the continental United States. STONE has been recognized as an Inc. 5000 company 6 years in a row, one of the fastest growing, privately held companies in the United States. STONE’s diverse group of professionals are committed to hard work, accountability, customer service and above all, RESULTS.

STONE Resource Group, headquartered in Roswell, Georgia, was founded in April of 2010 on the principles of quality, integrity and service. On this foundation STONE has achieved exceptional growth. By 2016 STONE had expanded its Atlanta Headquarters 3 times and successfully launched new offices in Denver and Dallas. In 2019, they launched their newest offices in St. Louis and Los Angeles. They look forward to continued growth and geographical expansion while remaining steadfast in their commitment to their core values.

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.

Tom Vitale, Wealth Management Advisor, Northwestern Mutual

Tom Vitale, CFP, CLU, ChFC, CLTC is a Wealth Management Advisor representing Northwestern Mutual. He has been helping professionals and business owners for over 29 years. He and his team work diligently to build personalized Financial Plans to help clients achieve their most important financial goals.

As a wealth management advisor, the key to Tom Vitale’s success has always been putting his clients’ interests ahead of his own. When Tom begins working with a new business or family, he takes the time to get to know their goals, fears, and risk tolerance, and he strives to treat everyone he works with the same way he’d treat his own family. His clients appreciate his steadfast follow-through and innovative approach, and they view him as a partner that they can rely on for straight-shooting advice and wise counsel on their financial affairs.

Everyone’s goals and priorities are different, and everyone has made a different amount of progress toward them, and that’s why Tom believes in highly-specialized planning, not cookie-cutter services. His expertise includes, but is not limited to, business succession planning, wealth management, estate planning, employee and executive benefits planning and life insurance planning. He has spent nearly thirty years in the financial industry, and holds four advanced designations: Certified Financial Planner (CFP^®), Chartered Financial Consultant (ChFC^®), Chartered Life Underwriter (CLU^®), and Certified in Long-Term Care (CLTC^®).

For more information on Tom and his services, please visit his website http://www.tom-vitale.com/
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) and its subsidiaries. Thomas Paul Vitale, is an Insurance Agent of NM. Thomas Paul Vitale is primarily licensed in Georgia and may be licensed in other states. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.

About “ProfitSense” and Your Host, Bill McDermott

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

ProfitSense with Bill McDermott, Episode 10: Kelly Taylor, Chrome Yellow Trading Co., Tim Ramsey, Bodker Ramsey, and Martha Monroe Schuon, Schuon Kitchens and Baths, Inc.

June 13, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 10: Kelly Taylor, Chrome Yellow Trading Co., Tim Ramsey, Bodker Ramsey, and Martha Monroe Schuon, Schuon Kitchens and Baths, Inc.

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ProfitSense with Bill McDermott, Episode 10: Kelly Taylor, Chrome Yellow Trading Co., Tim Ramsey, Bodker Ramsey, and Martha Monroe Schuon, Schuon Kitchens and Baths, Inc.

Coffee, succession planning, and kitchens were on the docket for this edition of “ProfitSense with Bill McDermott,” as Bill welcomed Kelly Taylor, Chrome Yellow Trading Co., Tim Ramsey, Bodker Ramsey, and Martha Monroe Schuon, Schuon Kitchens and Baths, Inc. “ProfitSense with Bill McDermott” is broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Kelly Taylor, Co-founder and Owner, Chrome Yellow Trading Co.

Husband-and-wife duo, Kyle and Kelly Taylor, started Chrome Yellow in the winter of 2013, opening up in short term, pop-up spaces around the city, while searching for the right location to put down more permanent roots.

In August of 2015, they opened their coffee and dry goods shop in Atlanta’s Old Fourth Ward. Their vision was simple: to create a clean, inspiring atmosphere that welcomed a wide range of people to meet, work and gather.

Chrome Yellow Trading Co. is a specialty coffee shop in Atlanta featuring guest roasters from across the nation, along with a small stationery and gift retail section. The name was loosely inspired by Aldous Huxley’s first novel, Crome Yellow, about an old English manor where like-minded artists, writers and creatives gathered. Chrome Yellow was started with a mission to inspire their community, with hopes to gather people of all ages, races, education and backgrounds with the help of amazing coffee, friendly staff and a beautiful, minimally designed space.

For more information visit their website or call 404-259-5030. You can also reach Kelly by email.

Tim Ramsey, Attorney, Bodker Ramsey

Bodker Ramsey is a mid-size Atlanta law firm (16 attorneys) that prides itself on providing cost effective solutions to mid-market companies as outside general counsel since 1986. They have successfully handled legal and business matters and commercial transactions for clients ranging from entrepreneurial startups to established businesses. Their practice covers a wide variety of industry areas including sales, manufacturing, distribution, logistics, software and technology applications, services and systems, intellectual property, professional services, real estate development and leasing, retail, and hospitality.

Typical representation includes such matters as corporate organization and governance, growth and succession planning, foreign investment and US inbound transactions, tax and business planning, employment arrangements, and ownership rights. They also handle family disputes for high net worth individuals including divorce, child custody, and estate and trust litigation.

A North Carolina native, Tim Ramsey graduated from Duke University with a Bachelor of Science degree. Before attending law school, he obtained his North Carolina Real Estate Broker license. Tim attended the Terry College of Business at the University of Georgia where he obtained his Master of Business Administration degree with an emphasis in Finance. He simultaneously attended the University of Georgia School of Law where he obtained the degree of Juris Doctor Magna Cum Laude. Tim is licensed to practice in the states of Georgia and North Carolina. He is a member of the North Carolina State Bar, the Georgia State Bar, and the Atlanta Bar Association (Chair, Real Estate Section 2006-2007, Board of Directors 2007-2010; Co-Chair of Managing Partner Committee 2007-current). He is also member of the Council for Quality Growth, and the Association for Corporate Growth. Tim is an approved attorney and issuing agent for Investors Title Insurance Company.

Mr. Ramsey provides general business representation to a variety of clients with emphasis in commercial real estate, business organizations and commercial transactions. Clients served include entrepreneurial business owners, software development and licensing companies, automobile dealerships, franchisees, professional service providers, insurance agents and brokers, financial advisors, commercial real estate owners, investors, developers and builders, industrial manufacturers, and retailers. He plays a key role in growth and exit strategic planning with his clients and results oriented implementation.

More information is available at the Bodker Ramsey website or call 404-351-1615.

Martha Monroe Schuon, Owner, Schuon Kitchens and Baths, Inc.

Schuon Kitchens and Baths is a kitchen and bath design firm providing cabinetry, countertops and minimal construction. Martha Monroe Schuon is retired from IBM as a Services Executive and is now an evangelist for Schuon Kitchens. She also provides business consulting and financial leadership to the company. Schuon is pronounced shoe-on.

For the last 24 years, Schuon Kitchens and Baths has built an outstanding reputation for designing and building fine kitchens and baths that are “done right the first time.” The reason is their people; they’re professionals that have the required expertise, knowledge, experience, attention to detail, and they genuinely care about our clients. Their designers, factory craftsmen, installers, sub-contractors and suppliers are all committed to client satisfaction. Schuon Kitchens and Baths offers professional kitchen and bath design services by the company’s owner, Hans Schuon, who is a certified kitchen designer and Universal Design Certified Professional. Hans Schuon has over 40 years of award-winning design experience.

You can learn more about Schuon Kitchens and Baths at the company website, or call 770-643-9000.

About Your Host, Bill McDermott

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

ProfitSense with Bill McDermott, Episode 9: Erik Christensen, Bulldog Movers, and Colin Blalock, Jones and Kolb

May 14, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 9: Erik Christensen, Bulldog Movers, and Colin Blalock, Jones and Kolb

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ProfitSense with Bill McDermott, Episode 9: Erik Christensen, Bulldog Movers and Colin Blalock, Jones and Kolb

On this edition of “ProtitSense with Bill McDermott,” Erik Christensen of Bulldog Movers and Colin Blaylock of Jones and Kolb join host Bill McDermott to talk about their respective businesses. “ProfitSense with Bill McDermott” is broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Erik Christensen, CEO, Bulldog Movers

Erik Christensen is the CEO of Bulldog Movers. Bulldog Movers is a full service moving, storage and logistics company. With its three wholly owned subsidiaries, Buckhead Movers, Classic Design Services and CV Fine Arts Services they provide the broadest range of local, long-distance and international services in the Southeast.

In addition to traditional high quality moving and storage that includes both residential and office and industrial moving and storage they also provide; last mile delivery and installation for decorators, designers and furniture dealers, fine arts storage, delivery and installation (they are the only approved fine arts storage location approved by both AXA and the Chubb Group), they are an approved TSA screening facility allowing us to deliver high value shipments directly the airport grounds without additional uncrating and screening, they provide high quality and fine arts custom crating suitable for international customs clearance, they have a full wood shop, furniture restoration shop and paint booth to restore and refinish fine furniture and they provide art framing and restoration.

Bulldog Movers knows of no moving and storage company in the United States that provides all of these services under one roof.

For more information visit their website or call 770-3183-772. You can also reach Erik by email.

Colin Blalock, Jones and Kolb

A shareholder with Jones and Kolb since 1986, Colin Blalock‘s practice concentration is in tax controversy, nonprofit organizations, entrepreneurial businesses and individuals. His prior experience includes working with the Examination Division of the IRS in Atlanta.

Colin is a member of the AICPA, the Georgia Society of Certified Public Accountants (GSCPA), the Georgia Society of Association Executives, the Financial Planning Association and the Atlanta Alumni of Revenue Agents.

Colin received the 2018 Meritorious Service Award (the highest award presented by the GSCPA) for his service to the profession. He is a Past Chair/President of the Georgia Society of CPAs and the Past Chair of the Gulf Coast Tax Exempt/Governmental Entities IRS Advisory Council. He currently serves as a Trustee (Past President) of the Georgia Federal Tax Conference. Colin is a prolific speaker on tax topics and facilitates several roundtable discussion groups. He is very active in his community serving on the Board of Directors of the Fowler YMCA.

Colin has a passion and particular expertise in body language. Two books he recommends on the subjects include The Secret Language of Success by David Lewis, and The Definitive Book of Body Language, by Allan and Barbara Pease.

Colin lives in Peachtree Corners with his wife, Jessica. He has two children and 4 grandchildren.

You can learn more about Jones and Kolb at the company website, or you can email Colin directly.

About Your Host, Bill McDermott

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

ProfitSense with Bill McDermott, Episode 8: Charlie B. Lewis, Jr. of Lewis Contracting Services

April 13, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 8: Charlie B. Lewis, Jr. of Lewis Contracting Services

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ProfitSense with Bill McDermott, Episode 8: Charlie B. Lewis, Jr. of Lewis Contracting Services,LLC

Lewis Contracting Services’ Charlie Lewis joins host Bill McDermott to talk about his company’s growth, surviving the 2008 recession, the challenging projects his firm takes on, developing key talent, and much more. It’s an inspiring story! “ProfitSense with Bill McDermott” is broadcast from the North Fulton Studio of Business RadioX® in Alpharetta.

Charlie B. Lewis, Jr., Operations Manager, Lewis Contracting Services, LLC

Lewis Contracting Services is one of the leading site development contractors in the Southeast.

It is a full service, heavy civil contracting company. They provide a comprehensive range of commercial construction services to various business, government, and educational sectors.

They specialize in clearing and grubbing, grading, excavation, utilities and drainage construction, paving, site clean-up, pump stations, force main retention and detention ponds, collector sewers, and underground piping.

Visit their website to learn more or contact Charlie at 404-522-1538.

About Your Host, Bill McDermott

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn. The complete show archive for ProfitSense with Bill McDermott” can be found at profitsenseradio.com.

Bill McDermott, McDermott Financial Solutions

March 24, 2020 by John Ray

North Fulton Studio

Bill McDermott, McDermott Financial Solutions

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A Special Edition of ProfitSense with Bill McDermott, McDermott Financial Solutions

Bill McDermott of McDermott Financial Solutions offers advice on how business owners can navigate today’s economic turmoil. Additionally, he reviews details of the emergency SBA loan program. “ProfitSense with Bill McDermott” is broadcast from the North Fulton Studio of Business RadioX® in Alpharetta.

Questions and Topics Covered in this Show:

Managing Cash Flow
Getting Bank Financing
Acquiring or Increasing a Line of Credit
Mindset
There’s Good News to Find in this Chaos
SBA Economic Injury Disaster Loan Program

Bill McDermott, McDermott Financial Solutions

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn. The complete show archive for ProfitSense with Bill McDermott” can be found at profitsenseradio.com.

Bill’s Summary of the SBA Economic Injury Disaster Loan Program

Clearly, the coronavirus is testing everyone’s patience. Yet amid the uncertainty, a resilient spirit thrives and hope will guide us through. If you’ve heard about a government program to help business owners deal with economic injury disaster due to the coronavirus, then this white paper is just for you.

We’re struggling to deal with the daily deluge of information on how to protect ourselves and the businesses we’ve built. This white paper is intended to give you information on the SBA Economic Injury Disaster Program that is part of the stimulus package before Congress. The President has asked for $50 billion of that package to be dedicated to small business owners.

March 17th, the President asked Congress for economic assistance to minimize the disruption to the nation’s 30 million small businesses. This assistance will take the form of economic injury disaster loans if your business is in a declared disaster area and has suffered economic injury.

As a small business, you may borrow up to $2 million for Economic Injury. To qualify as a small business, the SBA has a size standard that is broken out by NAICS code for number of employees and annual revenue. To see if you qualify under the size standard, go to ecfr.gov. There are two stipulations that have to be met. First, your county or state must be declared eligible by the SBA to receive economic injury disaster loans and second, you are unable to obtain credit elsewhere.

Yesterday March 18th, Governor Kemp received approval from SBA Director Fleming that Georgia has been declared a disaster area and is eligible to receive SBA Economic Injury Disaster Loans to the small businesses in the state of Georgia. Loans can be used to pay fixed debts, payroll, accounts payable or other bills that can’t be paid due to the disaster’s impact. Loan amount and terms are considered on a case by case basis with an interest rate of 3.75% and 2.75% for non profits.

To determine eligible disaster areas, apply online or check application status, you can go to disasterloan.sba.gov/ela/.

History teaches us that when communities come together with kindness and mutual respect, there is no limit to what they can accomplish not matter what the challenge. Today’s crisis is no different.

Bill McDermott, CEO and Founder, McDermott Financial Solutions LLC
Email Bill directly

www.mcdfs.com

ProfitSense with Bill McDermott, Episode 6: Dr. Brooke Jones, Fresh Start for the Mind, Matt Childs, Childs Company, and Kristen Fraser, Canton Counseling

March 12, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 6: Dr. Brooke Jones, Fresh Start for the Mind, Matt Childs, Childs Company, and Kristen Fraser, Canton Counseling

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ProfitSense with Bill McDermott, Episode 6: Dr. Brooke Jones, Fresh Start for the Mind, Matt Childs, Childs Company, and Kristen Fraser, Canton Counseling

On this edition of “ProfitSense with Bill McDermott,” host Bill McDermott welcomes three accomplished entrepreneurs to discuss the growth and development of their businesses: Dr. Brooke Jones, Fresh Start for the Mind; Matt Childs, Childs Company; and Kristen Fraser, Canton Counseling. “ProfitSense with Bill McDermott” is broadcast from the North Fulton Studio of Business RadioX® in Alpharetta.

Dr. Brooke Jones, Fresh Start for the Mind

In 2013, Dr. Brooke Jones branched out on her own to open a mental health practice, Fresh Start for the Mind. She wanted a practice that incorporated the mind, body, and spirit. Her love for psychological evaluations became evident in the Alpharetta and surrounding communities. As referrals grew, so did Fresh Start.

Dr. Jones first hired an additional psychologist (to support the numerous evaluation referrals) and a counselor (to support an additional need for children, adults, couples, and families in the community). Then, Dr. Jones built administrative support, along with more providers that also offered psychiatric treatment, nutrition services, counseling, and coaching.

Her husband, Terry Jones, ended his I.T. career in 2015 to co-own with Dr. Jones, and has primarily focused on payroll and business operations.

In 2016, the company relocated to Suwanee/Johns Creek area and opened two additional locations in Stockbridge and Canton. As of 2020, Fresh Start is comprised of 30 staff (providers, administrative and supportive personnel).

You can find out more at their website or call Fresh Start at 404-808-1161.

Matt Childs, Childs Company

Childs Company is a boutique private wealth management firm . The firm leverages its 35+ years of business experience and financial expertise to provide comprehensive financial planning and investment strategies to business owners and affluent families.

The company’s founder, Matt Childs, is a former CFO and business owner who spent much of his career developing and executing on successful growth strategies and exit plans for private companies.

His experience as a business owner and operator put him in a unique position to offer holistic financial advice to business owners and executives.

To contact Matt, visit the Childs Company website, or call 770-738-0250.

Kristen Fraser, Canton Counseling

Canton Counseling is a comprehensive mental heath practice which offers our clients a compassionate and supportive, yet challenging environment in which to achieve their fullest potential. We work with children, adolescents, adults, couples and families and are committed to providing understanding, education, coping strategies, and support to help our clients find hope and healing for the challenges in their life.

Kristen Fraser is the the owner/director of the practice as well as a clinician. Prior to starting Canton Counseling, Kristen was a 5th grade teacher for three years and a middle school counselor for seven years. She established Canton Counseling in 2010 and is excited to celebrate Canton Counseling’s 10th Anniversary this June.

For more information, visit Canton Counseling at their website, or call 678-880-4645.

About Your Host, Bill McDermott

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn. The complete show archive for ProfitSense with Bill McDermott” can be found at profitsenseradio.com.

ProfitSense with Bill McDermott, Episode 5: Donna Manuels, Brady Ware & Company, and Dr. LaRonta Upson Rush, Healthy Minds Psychology Associates

February 13, 2020 by John Ray

North Fulton Studio

ProfitSense with Bill McDermott, Episode 5: Donna Manuels, Brady Ware & Company, and Dr. LaRonta Upson Rush, Healthy Minds Psychology Associates

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ProfitSense with Bill McDermott, Episode 5: Donna Manuel, Brady Ware & Company and Dr. LaRonta Upson Rush, Healthy Minds Psychology Associates

On this edition of “ProfitSense with Bill McDermott,” host Bill McDermott discusses the accounting needs of small businesses with Donna Manuel, Brady Ware & Company, and executive functioning challenges with Dr. LaRonta Upson Rush of Healthy Minds Psychology Associates. “ProfitSense with Bill McDermott” is broadcast from the North Fulton Studio of Business RadioX® in Alpharetta.

Donna Manuels, Brady Ware & Company

Donna Manuels is a Senior Accountant with Brady Ware & Company.

Located in Alpharetta, Georgia—with additional offices in Dayton, Ohio; Columbus, Ohio; and Richmond, Indiana—Brady Ware has assembled a team of more than 140 qualified and dedicated professionals to serve clients across the region. They serve many clients who operate in our office geographies, across the country and throughout the world. Brady Ware earned its reputation for providing superior client service by never losing sight of why we exist—to provide results that make a difference for our clients. We believe it is our job to keep our clients informed of issues that may affect their businesses as well as to be a source for ideas that help improve their operations.

For more information visit the Brady Ware website. You can reach Donna by email or phone, 678-350-9536.

Dr. LaRonta Upson Rush, Health Minds Psychology Associates

Our Director is Dr. Laronta Upson Rush. Dr. Rush is a licensed psychologist that specializes in psycho-educational and psychological evaluation of neurodevelopmental disorders in children as well as learning and emotional disorders in adults. Dr. Rush has particular clinical expertise in the evaluation and diagnosis of dyslexia and other learning disabilities, ADHD/ executive functioning difficulties, as well as anxiety and mood disorders.

Healthy Minds Psychology Associates is a group practice providing comprehensive mental health services, including psychological and educational assessments, individual, family and couples counseling, and training and supervision. We strive to provide our patients with a superior experience and this means selecting well-trained clinicians and ensuring the highest quality of service to our patients. Our patient-centered approach is critical to our success and we pride ourselves on excellence in every form.

For more information visit the Healthy Minds website. You can reach Dr. Rush by email or phone, 404-293-0127. Also connect with Dr. Rush on LinkedIn.

About Your Host, Bill McDermott

Connect with Bill on LinkedIn and Twitter and follow McDermott Financial Solutions on LinkedIn. The complete show archive for ProfitSense with Bill McDermott” can be found at profitsenseradio.com.