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What is Your Business Worth?, with Bill McDermott, Host of ProfitSense

December 14, 2023 by John Ray

What Is Your Business Worth?

What is Your Business Worth?, with Bill McDermott, Host of ProfitSense

In this commentary from a recent episode of ProfitSense, Bill McDermott asks business owners to consider what their business is worth, and why an informed answer to that question is so important.

Bill’s commentary was taken from this episode of ProfitSense.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Bill McDermott: I’d like to talk about the one question every business owner should be able to answer, and that’s: what’s my business worth?

In a recent study, business owners were asked what they estimated the value of their business to be. Ten percent didn’t have a clue. The other 90% answered in a wide range between $500,000 and $100 million.

When asked how they arrived at that valuation, two-thirds answered that they had no specific method or that they used some kind of informal methodology. Only 1/3 answered that they obtained an independent valuation from a qualified professional.

But it’s crucial to know the true value of your business for two main reasons:

  1. To make informed decisions about the future, such as whether to sell, expand, or make other major changes. For example, if you know that your business is worth a significant amount of money, you may be more likely to consider selling it in the future. Or, if you know that your business is growing rapidly, you may be more likely to consider expanding into new markets.
  2. To attract investors or partners.  If you are looking to attract investors or partners, knowing the value of your business can be a valuable asset. Investors and partners will want to know how much your business is worth before they commit any money or resources. By having a professional valuation, you can show potential investors and partners that your business is a sound investment.

Typically, our business is the largest asset on our personal financial statement. We should know the value to make informed decisions.

About ProfitSense and Your Host, Bill McDermott

Bill McDermott
Bill McDermott

ProfitSense with Bill McDermott dives into 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, 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 Instagram, and follow McDermott Financial Solutions on LinkedIn.

Tagged With: Bill McDermott, business valuation, McDermott Financial Solutions, Profitability Coach Bill McDermott, ProfitSense with Bill McDermott, small business, valuation

Cybersecurity Threats to Small Business, with Michael Caralis, Verizon

October 4, 2023 by John Ray

Michael Caralis
North Fulton Business Radio
Cybersecurity Threats to Small Business, with Michael Caralis, Verizon
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Michael Caralis

Cybersecurity Threats to Small Business, with Michael Caralis, Verizon (North Fulton Business Radio, Episode 707)

Michael Caralis, Vice President at Verizon Business Markets, was the guest on this episode of North Fulton Business Radio with host John Ray to discuss cybersecurity threats to small business. Michael described the current top cybersecurity threats he’s seeing, ways business can protect their data with limited resources, the scope of the problem, his recommendations, resources which Verizon offers, success stories, and much more.

North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Verizon

Verizon Communications was formed on June 30, 2000, and is one of the world’s leading providers of technology and communications services.

Headquartered in New York City and with a presence around the world, Verizon generated revenues of $133.6 billion in 2021. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

Verizon Business Markets provides the best Broadband, Voice, and Mobile products, solutions and services in support of America’s growing Small & Medium Business community. Verizon Fios uses powerful fiber-optic network technology to deliver fast and reliable internet to help you run your business.

Fios technology is flexible enough to support businesses of all sizes with a wide range of Internet, TV and Phone packages based on your needs. Verizon also offers reliable mobile phone service plans to businesses that signup with 5 or more lines.

Website | LinkedIn | Facebook | Instagram

Michael Caralis, Vice President, Verizon Business Markets, Verizon

Michael Caralis, Vice President, Verizon Business Markets, Verizon

As Vice President of Verizon Business Markets, Michael leads three critical business units for small and midsize business customers: network as a service (NaaS), Fios for Business and Verizon’s channel program. His team of 1,200+ professionals partner with customers on their digital transformation journeys, providing innovative managed solutions for total communications, connectivity, collaboration and security.

Verizon’s customer-centric organization delivers 5G technologies, fiber, ethernet, security solutions, and unified communications solutions such as BlueJeans conferencing, One Talk (voiceover IP solution) and Microsoft Teams. As businesses across all segments and industries anticipate a post-pandemic comeback, they are looking to adopt 5G and its potential to create new opportunities and build new efficiencies and scale their businesses. Their team also provides Fios for Business, business digital voice, and easy to deploy and use set of security and collaboration products.

Prior to this, Michael served as Executive Director of Solution Architect and Engineering. In that role, his team was focused on the transformation of our technical teams, providing the best-integrated solution designs and managed services, including broadband, security and collaboration platforms. Earlier in his career, he served public sector customers at Verizon for four years. Last year, his team delivered critical services and technology to aid in the pandemic response and enable remote learning for students.

Previously, he served as the Director of Marketing and Operations for Verizon Wireless and partnered with Apple, Google and Samsung to enable a frictionless customer experience in deploying new technology and applications. As a result, Verizon was the first carrier in the world to launch Apple Business Manager, an iconic solution. Later, he led a team that launched Android zero-touch and Samsung Knox Mobile Enrollment. Prior to Verizon, he worked in various sales roles at Nextel and Sprint.

Michael thrives on solving the most complex business problems in today’s data-rich and tech-heavy environment while leading groundbreaking transformations and aligning large-team operations to the strategic vision. He strives to be the most objective voice in a room and believe in authentic leadership.

Michael is committed to creating a diverse and inclusive culture, where everyone is heard and they take pride in serving their customers.

LinkedIn

Questions and Topics in this Interview:

  • What do you see as the top cybersecurity threats affecting SMBs?
  • What do you recommend SMBs do to address security/cybersecurity threats beyond the basics?
  • What are you hearing from SMBs in terms of how they perceive and how they are addressing security/cybersecurity threats?
  • With limited resources, what are the three most important things SMBs can do to better protect their data?
  • Why is the data security problem for SMBs so big?
  • Any other new data points or insights you’d like to share?

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

RenasantBank

 

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has 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.

Since 2000, Office Angels® has been restoring joy to the life of small business owners, enabling them to focus on what they do best. At the same time, we honor and support at-home experts who wish to continue working on an as-needed basis. Not a temp firm or a placement service, Office Angels matches a business owner’s support needs with Angels who have the talent and experience necessary to handle work that is essential to creating and maintaining a successful small business. Need help with administrative tasks, bookkeeping, marketing, presentations, workshops, speaking engagements, and more? Visit us at https://officeangels.us/.

Tagged With: cybersecurity, data security, John Ray, Michael Caralis, North Fulton Business Radio, Office Angels, renasant bank, small business, smb, Verizon, Verizon Business Markets

Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels

August 18, 2023 by John Ray

Peachtree Awnings
North Fulton Studio
Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels
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Peachtree Awnings

Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels (ProfitSense with Bill McDermott, Episode 48)

Host Bill McDermott welcomed two accomplished entrepreneurs to this edition of ProfitSense with Bill McDermott: Barry Adams, Peachtree Awnings, and Marika Ponton, Office Angels. Barry shared how his inspiration for starting his business was to “make people smile” and how that mission guides both their work and care for their associates. He also talked about associate engagement, the need for more trades people, the business book he recommends, succession planning, and more.

Marika discussed the mission and work of Office Angels as well as her career journey. She also shared lessons she’s learned, the advice she has for business owners, her book recommendation, and more.

Bill wrapped up the episode with the one sales rule everyone should follow.

ProfitSense with Bill McDermott is produced and broadcast by the North Fulton Studio of Business RadioX® in Alpharetta.

Peachtree Awnings

Peachtree Awnings located in Lawrenceville, Georgia is a premier manufacturer of custom commercial and residential canopies of all kinds.

Their clients includes some of the largest companies in Atlanta, general contractors and property managers.

Website | Facebook

Barry Adams, Owner and President, Peachtree Awnings

Barry Adams, Owner and President, Peachtree Awnings

Barry Adams is the founder and owner of Peachtree Awnings and Peachtree Powder Coating located in Lawrenceville, GA and Tennessee Awnings located in Smyrna, TN. Barry opened Peachtree Awnings in 2005 which serves the metropolitan Atlanta area and other parts of the southeast. He purchased an existing awning company in Tennessee in 2012 which serves Nashville and most of middle Tennessee.

In 2022, Barry opened Peachtree Powder Coating to further expand his business offering into the area of industrial coatings in Atlanta. Prior to getting into the awning and powder coating business, Barry had 18 years of experience in the electrical distribution industry in sales and sales management.

Barry got his undergraduate degree from Tulane University in 1985 and his MBA from Kennesaw State University in 2004. Barry is a past chair of the Southwest Gwinnett Chamber of Commerce and the Professional Awning Manufacturer’s Association. Barry enjoys concerts and live music and resides in Norcross, GA.

LinkedIn

Office Angels

OFFICE ANGELS®  matches a business owner’s support needs with Angels who have the talent and experience necessary to handle work that is essential to creating and maintaining a successful small business. Virtual Administrative Support, Books and Billing, Social Media & Marketing, Human Resources Consulting and more – all on an as-needed basis.

They help you build your own Agile Office with exactly the help you need on your terms and your budget. They are the most efficient virtual services solution a small business could ask for!

Website | LinkedIn

Marika Ponton, Owner, Office Angels

Marika Ponton, Owner, Office Angels

Combine an in-depth accounting background of a CPA, an outgoing personality of a business development professional and an unwavering drive to help small business owners and entrepreneurs grow and command their businesses to achieve their goals and you have Marika Ponton.

Her unique background as an auditor, a successful flooring business owner, and now with Office Angels allows her to serve clients using deep personal experience to relate to business owners regarding their financials, their internal operations, and their goals for new business and growth.

LinkedIn

About ProfitSense and Your Host, Bill McDermott

Bill McDermott
Bill McDermott

ProfitSense with Bill McDermott dives into 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.

TRANSCRIPT

Intro: [00:00:08] Broadcasting from the Business RadioX studio in Alpharetta, it’s time for Profit Sense with Bill McDermott.

Bill McDermott: [00:00:21] Good afternoon. Welcome to Profit Sense. This podcast dives into the stories behind some of Atlanta’s successful businesses and business owners and the professionals that advise them. We help local business leaders get the word out about the important work they’re doing to serve their market, their community, and their profession, as well as discuss current issues that business owners are facing today across a wide variety of industries.

Bill McDermott: [00:00:46] I’m your host, Bill McDermott, and this show is presented by The Profitability Coach. When business owners want to increase their profitability, they often don’t have the expertise to know where to start or what to do. I leverage my knowledge and relationships from 32 years in banking to identify the hurdles getting in the way and create a plan to deliver profitability they never thought possible.

Bill McDermott: [00:01:11] We have two great guests on the show today. We have Barry Adams with Peachtree Awnings. Barry, welcome. Glad to have you.

Barry Adams: [00:01:21] Thanks, Bill. It’s nice to be here today.

Bill McDermott: [00:01:23] And we have Marika Ponton with Office Angels. Marika, welcome to Profit Sense.

Marika Ponton: [00:01:28] Thank you so much for having me. Pleasure to be here.

Bill McDermott: [00:01:31] Barry, I’m going to start with you. You know, I looked at your website. I see in the comments, exceptional customer service, great customer service. And so, I also loved, on your website, your inspiration for starting the business was to make people smile. So exceptional customer service, making people smile, talk about that.

Barry Adams: [00:01:58] Well, you know, Bill, it’s – from the very start, if you have happy customers, then you’re going to be able to replicate that as a business model and bring customers back time after time after time. So, making people smile is something that is kind of at the forefront of everything that we do every day. And our product lends itself to being on the outside of your home, outside of a building. And so when you look up and you see something that beautifies your home or office space, if it brings a smile to your face, then we’ve done our job. We’ve done something that helps you represent your business to the outside community or make your home a better place to live.

Bill McDermott: [00:02:48] That’s such an excellent point. And, you know, it’s Atlanta. It’s hot, it’s humid. You know, everybody needs a canopy or an awning to get some shade here in Atlanta, Georgia.

Barry Adams: [00:02:59] We sell shades, so we cover you up. So that’s it. Yeah.

Bill McDermott: [00:03:03] I love it. And, you know, exceptional customer service really is a function of great people. And so, that kind of leads us into talking about employee and associate retention. How do you continue to develop that exceptional customer service? And, you know, I guess part of that would be in how you retain associates and employees.

Barry Adams: [00:03:32] Well, I think you have to kind of take the mold and break it, first of all, because what people are looking for today is a lot different from what people are looking from a decade ago. And so, little things for us. Every team member has got a picture, their picture on our wall in our office, and that starts with welcoming them as a team member and making them feel engaged, and associate – we call people in our company associates rather than employees. But associate engagement is a very tricky and nebulous thing. But if you can find the hot buttons that keep people at a high level, at their energy, at a high level, then you can start to really tap into their lifeblood. And so whether it’s, you know, going to a Gwinnett Stripers game or, you know, putting their picture on the wall or a company picnic or, you know, things of that nature, keeping people really in the fold is what we really try to do every day. Not easy. Not easy.

Bill McDermott: [00:04:48] Yeah.

Barry Adams: [00:04:49] We’re all busy. So you have to really spend that extra 2%, 3% to keep people at a very high level.

Bill McDermott: [00:04:58] Yeah. And not only employee engagement but also, from what I understand, employee fulfillment is a really big part of retention as well. So it sounds to me like part of your strategy is also to figure out what that person’s, for lack of a better term, what their currency is, maybe things that they really believe in, whether it’s the cancer society or rescuing animals, and people like to feel like they’re a part of purposes or causes that also drive them. Wouldn’t you agree?

Barry Adams: [00:05:34] Absolutely. And our workplace today is a multiracial, multinational workplace. And so, you might hear several different languages spoken on our shop floor. And that’s tricky, to say the least. And so even things like our associate evaluations are in two languages, in Spanish and in English, so that people are certain that they understand an evaluation when it’s given to them by their manager or supervisor. And so, we present that type of collateral literature and those processes. Now, we’ve provided them, tried to provide them, bilingually. So that’s very, very important.

Bill McDermott: [00:06:25] And certainly coming from Gwinnett County myself, I know Gwinnett and other areas of Atlanta certainly have multicultural multilanguages. I know. My wife was a preschool director at our church preschool and they actually spoke, I think she told me at one time, 23 different languages if you can believe it. So, yeah, being able to provide that information in the native tongue of the person is absolutely critical.

Barry Adams: [00:06:55] Yeah.

Bill McDermott: [00:06:55] So exceptional service, how you attract and retain employees that really then takes me back to how you as a business owner recruit and select your people. So, I don’t want you to give away any secret sauce.

Barry Adams: [00:07:13] No, no, no, no. It’s all good.

Bill McDermott: [00:07:15] But what’s your secret?

Barry Adams: [00:07:16] Well, I think if you go back a decade or so, the trades – and I use the trades to represent our business as well. The trades were not in Vogue. It was not a sexy thing to be a welder, you know, or an installation technician. But now suddenly in 2023 it’s becoming more Vogue to be in a trade because the trades are paying, you know, paying quite well and the compensation is good. If you’re a welder these days, you’re going to be in good shape.

Barry Adams: [00:07:52] So, one of the things we tried to do was to forge strategic relationships with the trade schools. We’re only ten minutes from Gwinnett Tech. You know, our shop is only ten minutes from Gwinnett Tech. And I also own Tennessee Awnings in Nashville, Tennessee. And they have a vocational or trade school called TCAT, which is Tennessee College of Applied Technology. And so, we’ve tried to forge strategic relationships with those institutions so that we create a pipeline of people coming right out of the trade school and we get them literally hot off the press, right, right off the line. And so if you’ve got welding skills and you’re in the process of finishing, we really want to reach into that trade school and get you before you’ve graduated.

Barry Adams: [00:08:47] And so, in that way, and we don’t have a thousand employees, but we always need one, two good trade technicians. And so, whether it’s welding or project management, construction management, or installation technicians, we can find those. But you really – and I told my H.R. manager, you – when you build these relationships with an institution like Gwinnett Tech, you can’t be one and done. You got to show up all the time. You know, if they have a job fair, you can’t just be a fair-weather friend. You have to be there all the time because they’re in the business of placing their students. They’re in the business of finding jobs for their students.

Barry Adams: [00:09:36] And so, we help assist that and create that pipeline for people coming out of their technical school into Peachtree Awnings. And it’s really, really – it took a little time. You know, it took a little time. But like any relationship, you know, you’ll get out of it what you put into it. And I feel like, you know, what we get out, we get from Gwinnett Tech is, you know, a times ten kind of relationship. So it’s been really, really awesome.

Bill McDermott: [00:10:04] Yeah, I absolutely love your thinking there. And of course, I went through, I think, a phase not only as a college person myself, but also our children. We tended to think that a college degree was an end all be all. You know, you had to go to college. And I do think your point, the trades have suffered because of it. And so those that, you know, college is expensive. It’s not for everybody. And there is good money to be made, whether you’re a welder or a plumber or, you know, any of the trades that you know that are offered in the Metro Atlanta area.

Barry Adams: [00:10:50] It’s coming back. So the pendulum, you know, tends to take, you know, ten-year swings. And so, it was out and it’s coming back in. And it feels good. It feels right because we need people to do those jobs and do them particularly well, because –

Bill McDermott: [00:11:07] Absolutely.

Barry Adams: [00:11:07] If you’ve ever – if your AC has ever been down, you know, in Atlanta, Georgia, and you need a good HVAC company, you know, finding somebody, you know, online is a good thing as long as you can get somebody out to your house.

Bill McDermott: [00:11:22] Yeah, yeah, that is a challenge, especially in the summer in Atlanta.

Barry Adams: [00:11:27] Yeah.

Bill McDermott: [00:11:28] I know you and I have talked about books that have really impacted us and that takes us, I think, to a book that I believe you and I chatted about called Extreme Ownership.

Barry Adams: [00:11:39] Yeah.

Bill McDermott: [00:11:40] And so for our listening audience, tell us a little bit about the book as you read it and how it has impacted you and your business.

Barry Adams: [00:11:54] Well, Jocko Willink and Leif Babin have a great story to tell because they were obviously on the very frontline in Ramadi and in some really, really dangerous places. And hats off to anybody who’s served our country and has helped to protect the freedoms that we enjoy here.

Bill McDermott: [00:12:17] Yeah, absolutely.

Barry Adams: [00:12:17] But beyond that, they talk about a level of accountability that, you know, no excuses, but it’s beyond no excuses. It starts with if the team has failed its mission, it starts with leadership, you know, and it starts with leadership. And I don’t look for people to blame. The first thing I ask is what did I not provide, what did I not provide our folks that they really, really needed to be successful in their mission or their project? You know, was it tools? Was it training? Did they not understand what the mission was?

Barry Adams: [00:13:01] And so, Extreme Ownership always reflects back on good leadership. And if the leader is strong, then the team is strong. And if the leader is strong, probably the communication is good, you know, and the understanding is good because the communication is good. And so, it tends to permeate from the top down. And the level of accountability that’s required in Extreme Ownership is really something that a lot of people are really kind of uncomfortable with, really honestly.

Barry Adams: [00:13:37] And, you know, we all like to play the blame game, you know, who’s at fault when something goes wrong, you know. Who can – who can we – you know, it’s it’s not about that. If the team failed, then the team failed. And it seems kind of trite, but there is no I in team. And so collectively, we take the credit. Collectively, we take the blame. And I think for me as a business owner, it begins and ends there because the buck stops with me.

Barry Adams: [00:14:10] And I was having a conversation with a general contractor on the way over and he’s trying to get a project done and he’s up in Tennessee, but the buck begins and ends with me. And so, I have to make sure that my team is acutely aware of what it takes to accomplish the mission at hand. And if it doesn’t, then I have to go back to the drawing board and say, what did I not do to cause them to understand or cause them to be able to complete their mission in a timely manner or fully?

Bill McDermott: [00:14:41] Yeah. I’m finding as I’ve coached business owners, accountability is a really big thing. And, you know, it’s one thing to see the problem, but accountability really starts when you own the problem to what you were talking about, Extreme Ownership. Obviously, once you own it, you solve it, then you do the solution.

Bill McDermott: [00:15:01] But it is a challenge sometimes for people to own a problem. And a lot of times leadership doesn’t either have accountability in a particular seat or maybe they have two people in the same seat and each person thinks the other one is accountable for it. And so, accountability is critical to get the results you’re looking for.

Barry Adams: [00:15:24] It’s a little counterintuitive to understand or realize that the more power you give up, the more you get – the more power you have, really. And a lot of people don’t really understand that dynamic because they’re always looking to – but if I’m casting blame, then I don’t really have control over my own processes or my own people, do I? You know, if I’m casting somebody, throwing somebody under the bus, then that means that I don’t have control over my people or my processes. And so, I look – I’m perceived as powerless. Whether that’s true or not, I’m perceived as powerless. And so really raising your hand and saying, “Mr., Ms. Customer, that’s on me. That’s on me. I take, I take full responsibility for that.”

Barry Adams: [00:16:18] And the good news is that when the team does accomplish their mission or the project, you can celebrate those times and you should take time to celebrate those times.

Bill McDermott: [00:16:29] Absolutely.

Barry Adams: [00:16:29] And a lot of times we miss that as an opportunity because we’re off to the next thing. We’re all very busy people and we stop to take a moment again. We talk about engagement. You know, stop to take a moment to celebrate those wins with your team, just in a meaningful way. And that’s easy to say, hard to do. But if you can do that with your folks, they really will really appreciate it. It could be just Chick-fil-A biscuits, you know, in the morning, or it could be, you know, it could be a cake or pizzas for lunch, you know, what have you. So, yeah, yeah, that’s really important as well.

Bill McDermott: [00:17:18] Two of my favorite things, Barry, Chick-fil-A and pizza.

Barry Adams: [00:17:22] Yeah.

Bill McDermott: [00:17:23] We’re talking today with Barry Adams, who’s the founder and owner of Peachtree Awnings and Peachtree Powder Coating, located in Lawrenceville. Peachtree Awnings is a premier manufacturer of custom, commercial, and residential canopies of all kinds. Their clients include some of the largest companies in Atlanta, general contractors, and property managers.

Barry Adams: [00:17:45] Barry, to kind of closeout, the baby boomer generation is thinking about succession planning. Succession planning is something that business owners think about but seem to have a hard time implementing. So when you think about succession planning for the business owner, what comes to mind? And you certainly are very experienced as a business owner yourself. What do you think maybe are the pain points that business owners need to be alert to?

Barry Adams: [00:18:23] Well, first of all, I would say, get started as early as you can – give yourself the longest runway that you can to be successful in that business transition. It’s not too early. You might think it’s, you know, I’m – you know, I’m 59. This is way too early to get started in that process. It’s not. You know, give yourself the longest runway possible because the people that you’re going to need to pull into that process to advise you need to know what’s on your mind and what your intentions are.

Barry Adams: [00:18:56] And so, not everybody has a son, a daughter, a family member to pass that business along to. It would be nice to think so. I don’t have a son or daughter involved in my business. And so, no idea is a bad idea. You can look at, you know, an ESOP, an employee stock ownership program. You should sell it to one of your key employees or a key person in your company. You could sell it to an unrelated, disinterested third party.

Barry Adams: [00:19:32] But you really have to be very open-minded. I think about where that next business owner, where that person is going to come from, identifying a number of strategies and then selecting the proper strategy for you and giving yourself a long time to develop those strategies and not settling on one thing. We’re not having to do it in a crisis mode or in a short period of time where time becomes your enemy. Because right now, for me, time is my friend. I’m healthy. I feel like a fairly young 61. But some mornings I might disagree with that.

Bill McDermott: [00:20:18] Yeah, I would have guessed younger but go ahead.

Barry Adams: [00:20:20] But at any rate, it’s something that I’m starting to think about more and more. The horizon is getting closer. And so, I’m trying to wrestle with those same questions that many business owners do every single day.

Bill McDermott: [00:20:38] Yeah. You had mentioned a moment ago just bringing in a team. Who do you think is important to be part of that team that helps you with that, with that long runway and helps you with that process?

Barry Adams: [00:20:52] Well, I would start with your lending institution, whoever your bank, your lending institution is, your accountant, someone who can help you with a business valuation is a part of that team. Might be an attorney – might be a key attorney that you’ve consulted with. So those are four people right off the top of my, you know, top of my head that really need to be integrally involved in those discussions. And everybody should be kept at the same pace I would say. Nobody needs to be kept in the dark. Everybody needs to kind of know what page you are on as a business owner. And that kind of helps that team move together to advise you appropriately.

Bill McDermott: [00:21:39] Sure. Sure. So it sounds like long runway put together your team, possibly a banker, CPA, business valuation advisor, and maybe also an attorney.

Barry Adams: [00:21:51] Attorney, yeah.

Bill McDermott: [00:21:51] That makes a lot of sense. So, Barry, for those of us that maybe need some shade in our lives, if someone –

Barry Adams: [00:21:59] We hope everybody.

Bill McDermott: [00:22:01] It’s everybody, especially in Atlanta, Georgia, and probably Nashville, Tennessee. What is the best way for a contractor or a potential client to get in touch with you and Peachtree Awnings?

Barry Adams: [00:22:13] Well, you went to the website. We appreciate all the web traffic that we can get. You can drop us a line at info@peachtreeawnings.com, you know, is a great, great way. You go to the website and go to the contact us button and fill out a web page. Those are great ways. Or you can just simply call into the office. We’d love to hear from you. And that’s a great way. You know, our office is staffed fully from 7 a.m. to 5 p.m. Monday through Friday.

Bill McDermott: [00:22:45] Wow. Great. And that phone number I think I have is (770) 409-8372.

Barry Adams: [00:22:52] You got it, Bill.

Bill McDermott: [00:22:53] All right. Barry, it’s been a delight having you on Profit Sense. Thanks so much for not only sharing your experiences, but your expertise. And I love making clients smile. I’m going to try to aspire to that in my business, too.

Barry Adams: [00:23:08] Thanks, Bill. It’s been a pleasure. Thanks so much for having me.

Bill McDermott: [00:23:11] And now we’re going to talk to Marika Ponton. Marika is the owner of Office Angels. Marika, it is so exciting to have you on. I’m going to just start out very generally, why should a business owner call Office Angels?

Marika Ponton: [00:23:30] It’s a great question. And first of all, I just have to say thank you for having me on. But also really, I want you to know how much I appreciate all the guests that I’ve listened to on the podcast and even just sitting here listening to Barry. It’s lovely. And it’s why Office Angels have been around for 23 years helping small business owners, is because of stories like that and just thoughtful people running businesses. And we are there to help them.

Marika Ponton: [00:24:00] So, why should they call Office Angels? This sounds terrible, but it is totally true when they’re in pain, and that pain can be so many things as small business owners know. Who’s going to do this? I don’t know how to do this. I don’t even know what help I need.

Marika Ponton: [00:24:20] Pick up the phone. And number one, we’re just fun to chat with. So that would be one reason. But also let us know what your pain point is. The business has been helping small business owners for 23 years with so many different things. We probably have a solution and we can talk you through getting there.

Bill McDermott: [00:24:43] Great point. I also want to get your perspective on maybe there are some things that surprised you the most about small business ownership. Can you name a couple?

Marika Ponton: [00:24:58] Where do I start? And I’m going to start with a little bit of background about myself so it makes more sense.

Bill McDermott: [00:25:05] Okay.

Marika Ponton: [00:25:05] I spent many years as an auditor in public accounting, and if anyone knows what that means, that’s painful.

Bill McDermott: [00:25:14] It’s also lonely.

Marika Ponton: [00:25:15] Exactly.

Bill McDermott: [00:25:15] It’s you and the numbers.

Marika Ponton: [00:25:17] You and the numbers. You and the numbers and probably difficult clients. Not enough staff. You know, deadlines, intense deadlines. And so my point is, it was hard and it was challenging. And it really gave me grit. And here’s what I’m going to say about small business ownership. Hardest thing I’ve ever done. Literally hardest thing I’ve ever done. I was blown away at just my frustrations and what I wasn’t able to accomplish that I probably thought I could have easily. And so, that’s the surprise, is how hard it was and how much help you really do need. And it’s also lonely as well. You know, where do you go? Who do you talk to? Like I said, call Office Angels. We’re there.

Bill McDermott: [00:26:06] Right.

Marika Ponton: [00:26:08] But truly challenging. And before Office Angels, I owned a flooring company. So that’s why so many things Barry was saying I identified with, you know, the labor shortages, getting people to, you know, show up and to work. All of those things were on me. And I guess that’s really the crux of it, is that the owner is where the buck stops and you need that team around you. But who is that team and how do you get them and how do you find them and how do you trust them?

Bill McDermott: [00:26:42] Yeah, yeah. You know, part of my story was I really thought starting the business, I had to be all things to all people.

Marika Ponton: [00:26:49] Absolutely.

Bill McDermott: [00:26:50] And so, I became the choke point of my own business. And I was unintentionally paying my own hourly rate to do tasks that I wasn’t good at and could be done well by a very competent person that I could pay less than my hourly rate and free up time. And so, part of that was my realization as kind of a solopreneur. You know, you play to your strengths and you staff your weaknesses. And so, I hired someone to handle my calendar, my marketing, two things that I can remember that I really wasn’t good at. And it was a game changer and I was happier. And the person that was doing that work was great at it. And so it was a win-win.

Marika Ponton: [00:27:51] It’s an absolute win-win. And the business can grow.

Bill McDermott: [00:27:54] Yeah.

Marika Ponton: [00:27:55] Because you’re not that choke point. And that is my entire mission with Office Angels, is to grow and help more business owners. But if I’m doing all of those tasks that are non-critical for me to do, no way.

Bill McDermott: [00:28:10] Yeah.

Marika Ponton: [00:28:11] You can’t grow.

Bill McDermott: [00:28:12] You can’t.

Marika Ponton: [00:28:12] So that really was just mind-boggling for me when I first started in small business ownership. You can’t do everything, you know. You really can’t.

Bill McDermott: [00:28:25] We’re talking today with Marika Ponton, who is the owner of Office Angels. Combining an in-depth accounting background of a CPA, an outgoing personality of a business development professional, and an unwavering drive to help small business owners and entrepreneurs grow and command their businesses to achieve their goals, and you have Marika Ponton.

Bill McDermott: [00:28:46] And so, I want to ask you a little bit about some of the most influential people in your life and how they impacted you.

Marika Ponton: [00:28:55] It’s such a good question. Thank you for asking. And there’s a few, and I’ll start with all the way back, something so special that I can remember that still affects me to this day. I was probably eight years old. I was on my grandfather’s farm and he said, “Hey, go ahead and jump up on that forklift and, you know, go move that box over there.” “Okay.” And he showed me some things. It wasn’t just like complete child unsafety. But when I did that, I totally rammed the forks into the side of the box.

Bill McDermott: [00:29:33] Uh oh.

Marika Ponton: [00:29:33] Right. And so all these walnuts start pouring out and I’m looking around like, “Oh, I’m in trouble. I’m in big trouble.” Because if it was my parents around, I would have been. But what did my grandfather say to me? He said, “That’s okay. That’s how you learn.” And to this day, I still think about that because it really shaped my entire life of, like, it’s okay if I make a mistake. I don’t have to be hung up on that forever and beat myself up. I learn from it and I don’t do it again, but I roll on, you know, just like I did with that forklift. So that one really stuck with me.

Marika Ponton: [00:30:14] And the next one, a few years later, my dad, we were driving in Utah in the deserts of Utah, and I was about ten. And he said, “Hey, let me teach you how to drive.” And I jumped behind the wheel and he taught me. Again, there’s a lot of child unsafety sounding, but this was back in back in the day. It was fine. Right?

Marika Ponton: [00:30:38] But what that really taught me was it was just, he pushed me and he made me do things that I really didn’t think I could do and I did. And also with my dad. This is a good story. My name is spelled M-A-R-I-K-A, but that’s not how it originally was. It was originally with a C and everyone would call me Marcia. Yes.

Bill McDermott: [00:31:04] Okay.

Marika Ponton: [00:31:04] Which is fine. That’s a fine name. But it was Marika. And both my parents, I will give them both credit for this, they said you need to explain to people how to pronounce your name. And so any of you who know me now, I don’t shy away from ever speaking up and sticking up for myself and having confidence about who I am and what I do, and that came from my parents. And my dad even went to the extent of going down and having my name changed on my birth certificate to a K. And so my point here is, stick up for yourself. It’s okay to speak up and correct someone if it’s not what you want to be known as or in whatever it is in life. It’s okay to speak up. Yeah.

Bill McDermott: [00:31:52] Yeah. The thought that comes to mind, if you don’t stand up for something, you’ll fall for anything.

Marika Ponton: [00:31:57] Absolutely. Is it a country song or?

Bill McDermott: [00:31:59] It could be.

Marika Ponton: [00:32:00] I think it might be.

Bill McDermott: [00:32:01] I don’t know the singer, but maybe.

Marika Ponton: [00:32:02] Me neither. But it’s absolutely true.

Bill McDermott: [00:32:04] Yeah.

Marika Ponton: [00:32:05] It’s absolutely true.

Bill McDermott: [00:32:06] So, a lot of businesses are getting agile. In your experience, what are two specific things that small businesses can do to get agile?

Marika Ponton: [00:32:19] I’m going to speak right to what you do for a living. It is, get your books in order, timely and accurate, and know where your profitability points are and how you can improve. I can’t speak to it enough. Having proper books is just the first thing I ask of anyone that I’m talking to in a business relationship. When they’re asking for help, what can I do to turn this around? Where am I missing? Well, where’s your financials? What financials? You know, or “Oh, well, they’re not cut up from 22.” Start there and then come talk to me.

Marika Ponton: [00:32:56] And a lot of that comes from my – I mean, I’m a CPA. Like, the background is, we got to have the numbers, you know, and an auditor. But in small business, if you don’t have books, I don’t know. I don’t know how you do much of anything with security because you’re making decisions totally blind of not knowing if you can even afford something, if you should be doing this, if this is the right decision. So, that’s number one in my book. And I know it’s your book as well.

Bill McDermott: [00:33:24] Yeah. You’re preaching to the choir here. Yeah.

Marika Ponton: [00:33:26] Exactly. But I had to say because I literally live it. I live it. It is so crucial. When I was a flooring business owner, so many of the other franchisees would come to me because I was profitable and I was having all these sales and they’re like, “Well, what do you do? You know, what – tell me how to be like you.” Well, I mean, no one can be Marika, but what I can tell you is how do your financials look. Dig into your financials. I’m happy to look at them. And I did. And I would just glaringly see things, “Hey, why are you spending on this when, you know, your sales are down 50% from last month?” “Oh, good point.” So that’s number one. Number one.

Marika Ponton: [00:34:05] And number two, I would say is just same things we’ve been talking about right here is take stock of non-critical tasks that you’re doing. Take stock. Write it down. What are things that you are doing that you shouldn’t be doing and aren’t the best use of your time, and outsource those. And that’s Office Angels is there to help you with that.

Bill McDermott: [00:34:30] So, I had a client who was actually coaching me when I was coaching them.

Marika Ponton: [00:34:37] Okay.

Bill McDermott: [00:34:38] She said, “Bill, you need to build a – this is ridiculous list.” Meaning this is ridiculous that you’re doing this task. And so, the same thing that you’re talking about, make a list. I shouldn’t be doing this. Find an Office Angel to do this for me who’s much better at it. So, gosh, I’m a walking commercial for Office Angels.

Marika Ponton: [00:35:03] You literally are. I mean, that’s why I said, why am I here? Why am I here? I mean –

Bill McDermott: [00:35:06] You’re here because you’re important.

Marika Ponton: [00:35:08] I’m fun. I mean, that’s really kind of it. That’s what I hang on to. That’s what I hang on to. Yeah.

Bill McDermott: [00:35:14] So, what’s been your least favorite job to date and what did you learn from it?

Marika Ponton: [00:35:21] You know, I spoke about public accounting. No, I’m kidding. We won’t go there. I’ve got a funny one. I’ve got a funny one. Even though it wasn’t funny at the time. It was one of my first jobs way back. And I won’t even name the company. I won’t. I won’t do that. But it was – they made smoothies. And so, I show up for my – I’m super excited. It’s like my first job. I show up and they give me a hat that has the brand on it, right? I’m ready to rock the brand and I go to put the hat on and it is literally stained with sweat in the hat.

Bill McDermott: [00:35:57] Oh, my gosh.

Marika Ponton: [00:35:58] And it’s just like, “Oh, okay.” I mean, I’m, like, not valued to even get a brand new hat, right? And of course, I was already at that point where I’m speaking up for myself and I said, “Hey, can I get a new hat? This is kind of gross.” And they were like, “No, this is all we have.” So, I did wear it. But because I had spoken up, they went ahead and put me in the freezer, lifting strawberries and berries and all of this stuff for the entire day.

Marika Ponton: [00:36:28] And look, I say it’s funny because it was. Really, it was. But what it taught me and what I remembered and it’s some of what Barry was speaking to, how you treat employees and onboard people and show them how you care about them anytime but really as a first impression, it stuck with me. You gave me a used hat.

Bill McDermott: [00:36:55] Yeah.

Marika Ponton: [00:36:56] You know, in a food space. Like, this is unacceptable.

Bill McDermott: [00:37:01] Right.

Marika Ponton: [00:37:02] Unacceptable. But it stuck with me. It’s a good story because it’s like, I’ll never do that. I may not be perfect on how we onboard and how we engage, but I care and I’m thoughtful and I will try. So, that was the least favorite job.

Bill McDermott: [00:37:17] Yeah. Understandable.

Marika Ponton: [00:37:18] Yeah.

Bill McDermott: [00:37:19] So, I know you and I both love to read.

Marika Ponton: [00:37:22] Yeah.

Bill McDermott: [00:37:22] We’re lifelong learners. So, what is one book you would recommend to the audience? And then, the second part of that is, why would you recommend it?

Marika Ponton: [00:37:29] Yeah, and it’s such a great – we’re having – this is such a good conversation here today because it all aligns the book that I really would encourage people to pick up, and even if they are challenged with some of the – it’s a slow read because it’s heavy. But what it’s called is The Courage To Be Disliked. And it’s exactly along the lines of some of the stuff you guys were talking about with Jocko and the Extreme Ownership. It’s all about accepting responsibility for your circumstances and not being a victim. And you can change it if you dig in. It’s no one else’s responsibility to fix your life or fix your business. Take a look at yourself and really know who you are and know what your skills are. And if you’re not good at something, that’s okay. It’s more power, really, to you if you can say, I can’t do this, I’m terrible because move that to somebody else who’s better at it and then we grow the business or we grow our lives or we, you know, we become happier in our lives.

Marika Ponton: [00:38:38] So, The Courage To Be Disliked, like I said, was tough even for me to get through because it’s so thought-provoking. I had to put it down and say, you know, let me – I got to let that sink in for just a minute. But why do I recommend it? All those things. But so much that I hear when people are looking for help, it’s just as discussed earlier. They’re oftentimes looking to blame someone else before they go, “Hey, maybe I messed that up,” you know. And that’s where really knowing yourself and being okay with doing things even though not everybody likes them, that courage to be disliked, it’s powerful.

Bill McDermott: [00:39:24] Yeah.

Marika Ponton: [00:39:25] It’s really powerful. And it really, it can drive you to a deeper level of happiness with yourself and your business.

Bill McDermott: [00:39:32] Yeah. Sounds like a great book.

Marika Ponton: [00:39:35] It’s a great book. But don’t give up on it, is my point. Don’t give up because I’ve recommended it to multiple people and they’re like, “Whoa.” And I’m like, “I know.” Put it down. Come back after you’ve thought about it, but don’t give up on it.

Bill McDermott: [00:39:48] Yeah, yeah. So for our listening audience out there, somebody needs an Office Angel. What’s the best way for them to get in touch with you and/or the firm?

Marika Ponton: [00:39:58] Call us up. We love to chat. We absolutely love to chat. We want to hear your story. The phone number is (678) 528-0500. Or go to our website. Really, that’s the same kind of thing. Contact form. Learn a little bit about us. It is officeangels.us.

Bill McDermott: [00:40:23] Great. Marika, it’s been great having you on the show. Thanks so much for coming.

Marika Ponton: [00:40:26] Thank you for having me, Bill.

Bill McDermott: [00:40:29] You know, I want to take a moment and talk about the sales rule everyone should follow. When someone mentions they’re a salesperson, mental images often come to mind of the used car salesperson that asks, “What do I need to do to get you in the car today?” People hate to be sold, but when people are ready to buy, they appreciate the help. There’s a subtle mind shift. Excuse me. There’s a subtle mindset shift sell versus help. The used car salesperson makes it about themselves, but the smart salesperson makes it about their client.

Bill McDermott: [00:41:06] One of the best pieces of sales advice I’ve gotten is the level of activity you’re willing to adopt will be a limiting factor in your business. If I adopt a low-activity process, I’ll have low production. But if I’m willing to adopt a high-level activity, I will have high production. Having spent over four decades in sales, I’ve learned that 10-3-1 rule. For every ten client meetings I have, I’ll give three proposals, and for every three proposals, I’ll get one sale.

Bill McDermott: [00:41:37] So, early on in my career, I looked at my calendar and saw five potential timeslots for meetings, 8 a.m. breakfast, 10 a.m., noon for lunch, 2 p.m., and 4 p.m. So if I challenge myself to fill three of those five slots every day, that’s 60 potential client meetings per month, 18 proposals, and six sales. If my sales goal was $200,000, then each sale needed to be at least 34,000, which is the 200,000 divided by six. If I’m able to make four appointments per day, that’s 80 calls, 24 proposals, and eight sales with the same average sale. I make 272,000. If I adopt only two calls per day, that’s 40 calls a month, 12 proposals, and four sales. That’s 136,000. I missed my sales goal by 32%.

Bill McDermott: [00:42:29] The combination of a mindset of helping people buy combined with a high-activity 10-3-1 process puts you well on your way to being a top salesperson in your organization.

Bill McDermott: [00:42:43] If you want to keep up with the latest in pro-business news, follow us on LinkedIn and Instagram at The Profitability Coach. If you want to listen to past or future Profit Sense episodes, you can find us on profitsenseradio.com.

Bill McDermott: [00:42:57] This is Profit Sense with Bill McDermott signing off. Make it a great day.

 

 

Tagged With: Barry Adams, Bill McDermott, commercial awnings, Marika Ponton, Office Angels, Peachtree Awnings, ProfitSense with Bill McDermott, small business, The Profitability Coach, virtual admin, virtual services

Fractional Consulting for Small Businesses, with Robert Burke, Sobo

June 26, 2023 by John Ray

Sobo
North Fulton Business Radio
Fractional Consulting for Small Businesses, with Robert Burke, Sobo
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Sobo

Fractional Consulting for Small Businesses, with Robert Burke, Sobo (North Fulton Business Radio, Episode 674)

Robert Burke, Founder and CEO of Sobo, was the guest on this edition of North Fulton Business Radio. He and host John Ray discussed Sobo’s new product platform which facilitates the ability of small and medium sized businesses to access quality consultants. They talked about challenges business owners are experiencing, how Sobo got started, how the company is leveraging AI to democratize the consulting industry, how fractional consulting can serve these businesses, and much more.

North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Sobo

The team at Sobo knows what it’s like to spend countless hours on advisors who ultimately ghost you, or to burn resources on consultants who are not aligned with your company’s culture.

They built something to change consulting for business leaders. No more guesswork. No more DIY-ing. Just results.

Sobo connects companies with the top 1% of fractional advisors so that you can level up and move your business forward.

Sobo was born in 2009 when Robert Burke launched Sobo Networks, an IT Managed Services Provider, in Atlanta. He imagined Sobo becoming a “Deloitte for Small Business.”

In 2015, the name was changed to Sobo, and became a multifaceted management consulting firm for small and mid-size business. In 2023 they will launch the Sobo Platform to realize Robert’s goal.

Website| LinkedIn | Facebook | Twitter

Robert Burke, Founder & CEO, Sobo

Robert Burke, Founder & CEO, Sobo

Robert Burke is the Founder & CEO of Sobo, an AI-powered fractional consultant platform built for small to mid-sized companies.

Robert has over fifteen years of experience building and leading an IT and management consulting firm, having founded the precursor to Sobo in 2008.

A Florida native, he currently lives in Atlanta, Georgia with his wife and two children.

LinkedIn

Questions and Topics in this Interview:

  • How fractional consulting saves time and money for businesses looking to improve
  • How fractional consulting can help small business owners compete with larger corporations
  • Leveraging AI to accelerate the consulting process from months to virtually instantly
  • How they’re democratizing the consulting industry by using AI and people-first approach
  • The importance of working on rather than in the business
  • The areas that small businesses struggle with the most when starting out and scaling

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

RenasantBank

 

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has 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.

Since 2000, Office Angels® has been restoring joy to the life of small business owners, enabling them to focus on what they do best. At the same time, we honor and support at-home experts who wish to continue working on an as-needed basis. Not a temp firm or a placement service, Office Angels matches a business owner’s support needs with Angels who have the talent and experience necessary to handle work that is essential to creating and maintaining a successful small business. Need help with administrative tasks, bookkeeping, marketing, presentations, workshops, speaking engagements, and more? Visit us at https://officeangels.us/.

Tagged With: AI, business consulting, fractional consulting, IT, management consulting firm, medium size business, Office Angels, renasant bank, Robert Burke, scaling, small business, Sobo

Davis Butler, BUTLER | MERSEREAU

June 21, 2023 by John Ray

Davis Butler
Business Beat
Davis Butler, BUTLER | MERSEREAU
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Davis Butler

Frazier & Deeter’s Business Beat: Davis Butler, BUTLER | MERSEREAU

Davis Butler, Managing Partner at BUTLER | MESEREAU, joined Roger Lusby to chat about the work his firm does for small businesses and other organizations. Davis discussed his work in healthcare, specifically physician practices, the changing healthcare industry landscape, and advice for practices preparing for an exit. Davis also talked about his previous work with the International Olympic Committee (IOC), effecting change in sports organizations to protect athletes from abuse, his work in name, image, and likeness issues (NIL), and much more.

Business Beat is presented by Alpharetta CPA firm Frazier & Deeter and is produced by the North Fulton studio of Business RadioX®

BUTLER | MERSEREAU LLP

BUTLER | MERSEREAU is a boutique corporate and trusts and estates law firm with offices in Atlanta and Jacksonville. The firm was founded in 2014 by B. Davis Butler and another partner, who began their practices at Alston & Bird, a large law firm based in Atlanta. Adam G. Mersereau, who started his practice at McKenna Long & Aldridge, now Dentons US, joined the firm as a partner in 2017.

The firm was created with the goal of providing outstanding legal services to a special group of clients looking for great value from its lawyers. Their lawyers are former big-firm lawyers and general counsel with a strong commitment to providing the highest possible quality of legal services and personalized care to every client regardless of its size. They are trusted advisors, creative problem solvers, excellent drafters, and thoughtful risk takers.

Together, their attorneys are licensed to practice in Georgia, Florida, Alabama, and South Carolina.

Company website | LinkedIn

Davis Butler, Managing Partner, BUTLER | MERSEREAU

Davis Butler, Managing Partner, BUTLER | MERSEREAU

Davis Butler began his legal career in 1992 as a law clerk for U.S. District Judge Robert B. Propst in the Northern District of Alabama. In 1993, he joined the practice of Alston & Bird LLP (A&B), a large firm based in Atlanta, Georgia, as a healthcare/medical product liability litigator. After two successful jury trials, Davis joined A&B’s healthcare mergers, acquisitions, and securities team.

After years as a corporate transactional lawyer at several firms, Davis joined the International Olympic Committee (IOC) staff to manage and negotiate international partnership deals as part of the world’s largest sports sponsorship program – the IOC’s TOP Programme. Davis spent ten years at the IOC in a joint business and legal role (as Senior VP of Marketing Development) with offices in Atlanta and Lausanne, Switzerland. During this time, Davis negotiated and managed partnership transactions on behalf of Olympic parties valued at just under US$9 billion. He has negotiated and drafted sponsorship, broadcast rights, license, supply, acquisition, representation, and service agreements on behalf of sport properties around the world. He also has managed intellectual property issues around the world, and he has represented the IOC twice before the European Commission in Brussels on matters relating to antitrust issues in international sport sponsorship arrangements. While at the IOC, Davis did business in thirty nine countries, and he managed a team of lawyers overseeing Olympic marketing rights agreements in over 190 countries.

Davis left the IOC in 2010 to become a founding partner in Encompass International Network, LLC, an international sports marketing and legal network comprised of Olympic experts from North America, Europe, and Asia. At that time, Davis also re-entered the private practice of law, and he now represents a variety of corporate entities (especially in the healthcare, marketing, and sport industries) in mergers, acquisitions, private securities offerings, and general corporate matters. He has served as an adjunct professor at the University of Georgia, and he is an owner of a variety of sport and healthcare businesses. He has started nine different for profit and non-profit businesses giving him special insight into the issues facing start-ups and early-stage companies.

He attended Vanderbilt University and graduated with honors in 1988. He received his law degree in 1992 from the University of Alabama School of Law where he was a Junior and Senior Editor of the Alabama Law Review.

Davis is currently licensed to practice law in Georgia and Alabama.

LinkedIn

Frazier & Deeter

The Alpharetta office of Frazier & Deeter is home to a thriving CPA tax practice, a growing advisory practice and an Employee Benefit Plan Services group. CPAs and advisors in the Frazier & Deeter Alpharetta office serve clients across North Georgia and around the country with services such as personal tax planning, estate planning, business tax planning, business tax compliance, state and local tax planning, financial statement reviews, financial statement audits, employee benefit plan audits, internal audit outsourcing, cyber security, data privacy, SOX and other regulatory compliance, mergers, and acquisitions and more. Alpharetta CPAs serve clients ranging from business owners and executives to large corporations.

Roger Lusby, Partner in Charge of Alpharetta office, Frazier & Deeter
Roger Lusby, Partner in Charge of the Alpharetta office of Frazier & Deeter

Roger Lusby, host of Frazier & Deeter’s Business Beat, is an Alpharetta CPA and Alpharetta Office Managing Partner for Frazier & Deeter. He is also a member of the Tax Department in charge of coordinating tax and accounting services for our clientele. His responsibilities include a review of a variety of tax returns with an emphasis in the individual, estate, and corporate areas. Client assistance is also provided in the areas of financial planning, executive compensation and stock option planning, estate and succession planning, international planning (FBAR, SFOP), health care, real estate, manufacturing, technology, and service companies.

You can find Frazier & Deeter on social media:

LinkedIn | Facebook | Twitter

An episode archive of Frazier & Deeter’s Business Beat can be found here.

 

Tagged With: attorney, Business Beat, Butler Mersereau, college sports, Davis Butler, Frazier & Deeter's Business Beat, Frazier and Deeter, Healthcare, International Olympic Committee, IOC, name image and likeness, NIL, olympic athletes, Roger Lusby, small business, Sports law

SBA Lending, with Chip Gjertsen, Renasant Bank

June 5, 2023 by John Ray

SBA Lending
North Fulton Business Radio
SBA Lending, with Chip Gjertsen, Renasant Bank
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SBA Lending, with Chip Gjertsen, Renasant Bank (North Fulton Business Radio, Episode 669)

Renasant Bank Senior Vice President and SBA Senior Banker Chip Gjertsen joined host John Ray to discuss SBA lending. Chip shared how he got hooked on business lending as a career, defined what an SBA loan is, described what kinds of businesses might benefit from an SBA loan, discussed recent changes that benefit business owners in transition, Renasant’s status as a Preferred Lender, success stories, and much more.

North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Chip Gjertsen, Senior Vice President and SBA Senior Banker, Renasant Bank

Chip Gjertsen, Senior Vice President and SBA Senior Banker, Renasant Bank

Chip Gjertsen is a Senior Vice President and SBA Senior Banker. He has been an SBA Lender for two decades.

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, we have grown to become one of the Southeast’s strongest financial institutions with approximately $17.5 billion in assets and 196 banking, lending, wealth management and financial services offices in Mississippi, Alabama, Tennessee, Georgia and Florida.

Renasant’s success stems from each of our teammates’ commitment to diversity and inclusion, and investing in their communities as a way of better understanding the people we serve. At Renasant Bank, we understand you because we work and live alongside you every day.

Website | Renasant SBA website  | Chip Gjertsen LinkedIn

Questions and Topics in this Interview:

  • How Chip got into SBA lending
  • What is an SBA loan
  • The UGA Small Business Development Center
  • New revisions that impact exit planning
  • Renasant as a Preferred Lender
  • The kinds of businesses ideal for an SBA loan

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

RenasantBank

Renasant Bank has humble roots, starting in 1904 as a $100,000 bank in a Lee County, Mississippi, bakery. Since then, Renasant has 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.

Since 2000, Office Angels® has been restoring joy to the life of small business owners, enabling them to focus on what they do best. At the same time, we honor and support at-home experts who wish to continue working on an as-needed basis. Not a temp firm or a placement service, Office Angels matches a business owner’s support needs with Angels who have the talent and experience necessary to handle work that is essential to creating and maintaining a successful small business. Need help with administrative tasks, bookkeeping, marketing, presentations, workshops, speaking engagements, and more? Visit us at https://officeangels.us/.

Tagged With: banking, Chip Gjertsen, Manufacturing, Office Angels, professional services provider, renasant bank, SBA Lending, SBA Preferred Lender, service provider, small business, uga sbdc

LIVE from SOAHR 2023: Jennifer Montellanico, Insperity

April 11, 2023 by John Ray

LIVE from SOAHR 2023: Jennifer Montellanico, Insperity
North Fulton Business Radio
LIVE from SOAHR 2023: Jennifer Montellanico, Insperity
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LIVE from SOAHR 2023: Jennifer Montellanico, Insperity

LIVE from SOAHR 2023: Jennifer Montellanico, Insperity (North Fulton Business Radio, Episode 638)

Jennifer Montellanico with Insperity joined host John Ray LIVE at the Business RadioX® remote at SOAHR 2023. She talked about her work at Insperity, avoiding HR pitfalls, issues small business owners currently are dealing with, and much more.

This show was originally broadcast live from SOAHR 2023, the annual conference of SHRM-Atlanta, held at the Gas South District Convention Center, Duluth, Georgia on March 28th and 29th, 2023. This series of interviews was underwritten by Oberman Law Firm, your legal guide to workplace complexities.

North Fulton Business Radio is broadcast from the North Fulton studio of Business RadioX® inside Renasant Bank in Alpharetta.

Insperity

People are at the core of every business – including theirs. Insperity is here to help you navigate employee benefits, HR admin and payroll, risk management and so much more.

Their tagline, HR that makes a difference®, defines what they do. It emphasizes that human resources is a key driver of growth and contributes to a business’s bottom line. This is what sets Insperity apart.

Website | LinkedIn | Facebook | Twitter 

Jennifer Montellanico, Business Performance Advisor, Insperity

Jennifer Montellanico, Business Performance Advisor, Insperity

A seasoned sales & sales leader with 20 years of experience, Jennifer Montellanico has worked with every business industry, preferring to work with Small / Medium businesses to see the true impact.

Born and raised in Atlanta, she is a true community advocate working with multiple NFP organizations and currently serving on the board of Cool Girls, Inc – Dedicated to the self-empowerment of at-risk girls in Atlanta.

LinkedIn

 

Questions and Topics in this Interview:

  • Jennifer’s work at Insperity
  • Avoiding HR pitfalls
  • Issues small business owners currently are dealing with

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

The “LIVE from SOAHR 2023” Series is proudly underwritten by Oberman Law Firm

Stuart Oberman
Stuart Oberman, Founder, Oberman Law Firm

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

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

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

Connect with Oberman Law Firm:

Company website | LinkedIn | Twitter

 

Tagged With: HR, Human Resource, Insperity, Jennifer Montellanico, Oberman Law, Oberman Law Firm, payroll, SHRM Atlanta, small business, SOAHR 2023, Stuart Oberman

Support at Every Turn E42

March 28, 2023 by Karen

Support-at-Every-Turn-feature
Phoenix Business Radio
Support at Every Turn E42
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Support at Every Turn E42

Are you looking for ways to support local businesses or get support as a small business? How about mindset or entrepreneurial tips? Or do you have someone you love living with Dementia?

If so, then check out this episode of Collaborative Connections Radio Show and Podcast with host, Kelly Lorenzen.

She was on-air with Michelle Zipser, owner of Cognitive Care and Counseling, Thomas Barr, Vice President of Business Development at Local First Arizona, and Carla Reeves, owner of Carla Reeves, LLC.

They gave amazing insights, resources, and tips for all of the above and more.

CCLogoHorizontalColor

Cognitive Care and Counseling provides counseling, education, and consultations to care partners/caregivers and family members of people living with dementia as well as older adults going through a life transition. They help you care for yourself, so you can care for your loved one.

Michelle-Zipser-headshotMichelle Zipser worked as a medical social worker in hospice and palliative care for the last 20 years and has been a caregiver herself.

She knows and understands that this caregiving journey can create many emotions that we could never anticipate.

Having a counselor who understands this can make all the difference. Michelle focuses on meeting her clients where they are at and understands that everyone is on their own journey.

Connect with Michelle on LinkedIn.

LFA-Logo

Founded in 2003, Local First Arizona is a nonprofit organization committed to community and economic development throughout Arizona. Our work connects people, locally-owned businesses, and communities for meaningful actions that build a diverse, inclusive and prosperous Arizona economy, including:

Educating consumers about the interconnectedness of the economy — how and where they spend matters.

Training small businesses to be more resilient, while helping our larger partners tell their story as champions of Arizona.

Creating programs and events that make it fun and easy to discover local businesses and buy local.

Targeting systems of inequity and building prosperity for all Arizonans by proactively identifying comprehensive solutions and taking action.

Thomas-Barr-Headshot-2022Thomas Barr is the Vice President of Business Development for Local First Arizona, the largest coalition of local businesses in North America. He advocates for a strong local business community that contributes to building vibrancy, equity, and prosperity across the state.

A proud Arizona native and graduate of Arizona State University, Thomas leads the business coalition of Local First Arizona by advocating for the economic and cultural benefits provided by building strong local economies.

Thomas steers the strategic direction of LFA’s major programs and initiatives as well as the engagement of over 3000 businesses across Arizona. As Vice President, Thomas guides the direction and execution of LFA’s major initiatives and key partnerships, as well as the collaboration of 40 staff implementing work in entrepreneurship programs, small business advocacy, environmental sustainability, urban development, local food systems, and community building.

He frequently speaks to groups locally and nationally, presenting the impact of Local First Arizona and the importance of local economy work in building prosperity.

Outside of Local First Arizona, Thomas contributes his time to many causes and organizations throughout the Valley including Young Nonprofit Professionals – Phoenix, Equality Arizona, Arizona Commission on the Arts, Heritage Square Foundation, Phoenix Legal Action Network, and ONE Community.

Additionally, he serves as a director on the board of the American Independent Business Alliance, the leading national organization supporting the growth and development of local business alliances across the country. Thomas is a 2018 Phoenix Magazine and 2021 Phoenix Business Journal 40 Under 40 honoree, alumni of Arizona Leading for Change, and alumni of Valley Leadership Institute’s 40th cohort.

Most recently, Thomas has been appointed to the Small Business Advisory Council for the Arizona Secretary of State’s office.

Connect with Thomas on LinkedIn.

CRLLCLogo4

At Carla Reeves Coaching, they believe people are far closer than they realize to what they deeply desire, but trapped by an outdated way of thinking that prevents them from achieving their most important goals.

For over a decade they have been helping ambitious leaders identify their blind spots and overcome the internal barriers that keep them from taking their life to the next level.

Carla-Reeves-HeadshotFor over a decade, ambitious leaders and hyper-achievers have been relying on Carla Reeves to call out their blind spots, challenge their thinking and expand their perspective.

She is known for her compassionate, direct, and truth-telling candor.

Carla believes in ditching the illusion that life will be great “someday” in the future and teaches leaders how to move out of survival and forward with intention, now.

She is the host of the podcast, Differently. Journaling changed her life and she’s now changing other people’s lives by coaching with a journal. It has proven to deepen and accelerate the impact for her clients.

She is the mother of two, was born and raised in a sleepy beach town in California and now lives in AZ on a small farm with cows, chickens and her beloved husband.

Connect with Carla on LinkedIn.

About Collaborative Connections

The purpose of Collaborative Connections Radio Show and Podcast is to build a connected community, one collaborative show at a time. We highlight local non-profits, associations, small and family-owned businesses.

By bringing 4 like-minded people together for an hour of in-depth conversation, our hope is that they connect and collaborate in life and business in the future.collaborative-connections-Radio-Show-Podcast-logo1

About Our Sponsor

KLM is a business development firm helping entrepreneurs, small and family-owned businesses start, grow and scale through consulting, marketing and project management. Combining those three things has been a trifecta, or triple advantage to business owners.

Entrepreneurs & small business owners come to KLM for support in all areas of business. If you need to duplicate yourself in any area of your business, we can help. If we don’t do exactly what you need, we know someone who can.

Business owners can continue to do what they love while having the support they need when they need it, with the help of KLM. We help you figure out what needs to get done AND DO IT FOR YOU!

klm-logo-small

About Your Host

Kelly-Lorenzen-on-Phoenix-Business-RadioXKelly Lorenzen, CEO of KLM, is an award-winning entrepreneur with over 15 years of business-ownership experience. She is also a certified project management professional.

Kelly’s expertise is in business development, customer service, marketing, and sales.

Connect with Kelly on LinkedIn, and follow KLM Consulting on Facebook.

Tagged With: arizona, arizona resources, business support, caring for the caregiver, carlareeves coachwithajournal, carlareevescoaching, Cognitive care, counseling, dementia, dementia care consultations., differentlythepodcast, local business, mindsetcoach, small business

Dollars & Cents (and Sense) E15

November 9, 2022 by Karen

E15-Dollars-and-Cents-and-Sense-feature
Phoenix Business Radio
Dollars & Cents (and Sense) E15
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Dollars & Cents (and Sense) E15

This week’s show is all about female wall smashers in male dominated industries! Carla chats with Jackie Yoder of Wilde Wealth Management Group about what it’s like to love math, earning respect in an office full of guys, setting great examples for their kids, giving back, and helping to bring more women into the fold.

Wilde Wealth Management Group provides comprehensive retirement, investment, real estate, insurance, legal and tax planning services all under one roof.

A fee-based firm with in-house Senior Financial Advisors, Certified Financial Planners, Certified Public Accountants, attorneys, and mortgage and insurance specialists all working together toward clients’ diverse goals, the firm has been recognized by Forbes and has been named to Barron’s “List of Top 1,200 Advisors” annually for 14 years, most recently ranking No. 2 in Arizona.

Currently, Wilde Wealth Management Group has several offices across Arizona located in Scottsdale, Glendale, Mesa, Tempe, Sedona, Tucson, and Payson as well as affiliates and partners in Indiana, California and New Mexico.

Jackie-Yoder-Smashing-Through-WallsJaclyn Yoder, 36, is COO of Wilde Wealth Management Group, which provides retirement, investment, real estate, insurance, legal and tax planning services under one roof.

Yoder took on the executive position in March 2020, days before COVID-19 gripped the nation at which time she also became the pandemic director as well. (Prior, she worked as an advisor for Edward Jones since 2017). Resolute, Yoder helped grow the business from $1.2 billion in 2019 to $2.83 today.

The single mother of two also expanded the brand, which at the time had offices in Scottsdale, Tempe and Glendale, bringing on offices in Sedona, Tucson and Payson as well as additional partners statewide and in New Mexico.

Yoder also doubled the size of the Scottsdale headquarters to accommodate their growth and opened a wholly new office in California. Yoder serves as chair of Wilde for Arizona, the firm’s community outreach arm, overseeing all volunteer efforts, sponsorships and fundraising.

Outside of Wilde, Yoder sits on the board of Chrysalis and was previously a mentor at New Pathways for Youth. Yoder has both a bachelor’s degree in Accounting and MBA. She also holds her Life and Health License, Series 7 and Series 66 registrations.

Follow Wilde Wealth on LinkedIn, Facebook and Instagram.

About the Show

Smashing Through Walls is geared toward a guide through complex commercial real estate and finance topics while adding humor and anecdotes along the way. Discover what is going on in the valley and beyond with host Carla Magee, broker at MHG Commercial.

About Our Host

Carla-Magee-MHG-Commercial1Carla Magee’s background is designed with the investor in mind. After obtaining her finance degree from the University of Washington in Seattle, she worked for large corporations like Boeing and Microsoft. With a critical eye and flair for analytics, she was able to shave millions in lost profits, managing cross-functional teams by utilizing her Green Belt in Six Sigma and Masters Certification in Project Management.

Ultimately she realized that she couldn’t be contained in an office environment working for the corporate world. Being an investor herself, she came into real estate as an investment & multifamily property specialist, effectively applying her education & skillset. Carla excels in helping investors make sound decisions for their financial goals, in real estate negotiations, and takes deep pride in educating homebuyers and sellers.

On a personal note, Carla is a busy wife & mother to two daughters. In addition to an ever growing career and podcast, she also enjoys volunteering and being active in the community. She has a deep love for Arizona and although she travels whenever possible, she always finds her way back to the beautiful Sonoran Desert.

Connect with Carla on LinkedIn.

About Our Sponsor

MHG Commercial emerged from the highly successful and innovative residential brokerage: My Home Group. MHG Commercial’s vetted and experienced advisors have a wide range of complementary professional expertise that span over 100 years of cumulative experience.mhg-commercial-logo

Encompassing every aspect of commercial real estate from office to industrial development, raw land to luxury commercial, and multifamily to subdivision development. We excel at out of the box thinking and transactions that require a more hands-on approach and ingenuity.

No matter the property type or service need, our commercial advisors are committed to your objectives. Combined with business finesse and unsurpassed market intelligence, MHG Commercial brokers help you determine and surpass your business goals.

Follow MHG Commercial on Facebook and Instagram.

Tagged With: Arizona business, comprehensive financial planning, Fast-growing business, finance, financial planning, insurance, investments, retirement, Scottsdale, small business, wealth management

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