Business RadioX ®

  • Home
  • Business RadioX ® Communities
    • Southeast
      • Alabama
        • Birmingham
      • Florida
        • Orlando
        • Pensacola
        • South Florida
        • Tampa
        • Tallahassee
      • Georgia
        • Atlanta
        • Cherokee
        • Forsyth
        • Greater Perimeter
        • Gwinnett
        • North Fulton
        • North Georgia
        • Northeast Georgia
        • Rome
        • Savannah
      • Louisiana
        • New Orleans
      • North Carolina
        • Charlotte
        • Raleigh
      • Tennessee
        • Chattanooga
        • Nashville
      • Virginia
        • Richmond
    • South Central
      • Arkansas
        • Northwest Arkansas
    • Midwest
      • Illinois
        • Chicago
      • Michigan
        • Detroit
      • Minnesota
        • Minneapolis St. Paul
      • Missouri
        • St. Louis
      • Ohio
        • Cleveland
        • Columbus
        • Dayton
    • Southwest
      • Arizona
        • Phoenix
        • Tucson
        • Valley
      • Texas
        • Austin
        • Dallas
        • Houston
    • West
      • California
        • Bay Area
        • LA
        • Pasadena
      • Colorado
        • Denver
      • Hawaii
        • Oahu
  • FAQs
  • About Us
    • Our Mission
    • Our Audience
    • Why It Works
    • What People Are Saying
    • BRX in the News
  • Resources
    • BRX Pro Tips
    • B2B Marketing: The 4Rs
    • High Velocity Selling Habits
    • Why Most B2B Media Strategies Fail
    • 9 Reasons To Sponsor A Business RadioX ® Show
  • Partner With Us
  • Veteran Business RadioX ®

Dereck Jensen with Jensen’s Precision Power Washing

October 2, 2023 by angishields

Dereck-Jensen
Cherokee Business Radio
Dereck Jensen with Jensen's Precision Power Washing
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

Jensens-Precision-logo

Derek-JensenDereck Jensen is the owner operator at Jensen’s Precision Power Washing and restoration.

He is a Canton resident, and all around great guy.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: Coming to you live from the Business RadioX studio in Woodstock, Georgia. This is fearless formula with Sharon Cline.

Sharon Cline: And welcome to a fabulous Friday. Fearless Formula. I am Sharon Cline and I am your host for the show on Business RadioX. I’m so excited today because I have like a different kind of energy in the studio. I’ve got Derek Jensen of Jensen’s Precision Power Washing. What’s really fun about having him on the show is it’s been almost a year since he’s been well, it’s been about nine months since he’s been here. And it was sort of the beginning of his journey for the show, for even me. I’ve only been was on the show maybe four months or something. So I still felt like I was getting my sea legs. And so we kind of had the same thing, like, let’s talk about where we’ve gone, you know, in that time. So I’m excited to to catch up with you again. And officially you are the owner, manager and CEO at Jensen’s Precision Power Washing.

Derek Jensen: Yes, ma’am.

Sharon Cline: Which sounds so badass. I just want to say.

Derek Jensen: Thank you.

Derek Jensen: It really is badass. We do some badass things.

Yeah, you do.

If it’s dirty or stained, we clean it for that clean time. Holler at the sauce slinger, You hear me?

Sharon Cline: Sorry. Oh, fun. Okay. One of the best things about Derek is that he is from Boston, and that is where I was born, you know, Massachusetts and New England. And so spending time with him is like talking to my family members. And the next thing you know, I start saying wicked. And I don’t know. It’s amazing how all of a sudden I kind of default to my my old school way of speaking, not my very American general, you know, But it’s like wicked awesome. Things like that. Okay. All right, all right, all right. Here we go. Derek, you wanted to come back on the show. We’ve talked a couple of times about this because you’ve got some changes that you’re kind of going through. You’re expanding, but you also have some really valuable information for people to know that I think as as not only a person who is in a small business, but you’re also a consumer out there, you would want to have this information for yourself. So that’s what I like, is that you really are trying to help people here.

Derek Jensen: Yes. Yes. This isn’t just to promote my business or grow my business. It’s yes, it’s part of that. But my main focus here is to bring knowledge and bring understanding to home owners on exactly what position they’re in. With the new changes due to the insurance industry and the way that insurance companies are covering warranties on roofs now.

Sharon Cline: So what? Okay. So what what are some of the major points that you think people don’t know?

Derek Jensen: So a couple of the major points that people don’t know is the difference between shingles. Okay. People just think a shingle roof is a shingle roof and that’s further from the truth. You got some that are absolutely garbage and then you got some that will last a lifetime and arrange in between. It’s very, very important when you’re dealing with a roof that you’re you’re putting quality shingles.

Sharon Cline: Do you find people are wanting to not spend as much so they get a lesser quality shingle?

Derek Jensen: I think what it is, is, you know, and I’m going to give GAF a huge plug here. I am a little biased. I think GAF is a great company. They make a great, great shingle. And, you know, talking to them and talking to their service department, their communication skills are awesome. They’re really proud of their product and they stand behind it. So the big thing that I wanted to get into and I’ll basically give a short little heck yeah, let’s go through it. Intro So you have the major players today in the in the shingle game are Certainteed, GAF, Iko, Atlas Roofing and Owens Corning. Okay. Those are those are the the top manufacturers.

Sharon Cline: Of the different shingles that are out there that generally people are using.

Derek Jensen: 99% of the roofs here in Georgia will have the shingles on. One of these will be on those roofs. Gotcha. And they have all different lines. You know, they have a shingle that’s. You know, low in cost, medium in cost and high in cost. What I want to talk about today and bring light to is the manufacturer’s warranty versus the allergy resistant warranty. Okay. In the past five years, these companies that I just mentioned, Certainteed, GAF, ICAO, Atlas Roofing and Owens Corning, they’ve all used this copper technology. And as we all know, copper will resist allergy. Okay.

Sharon Cline: Oh, okay. I didn’t know that, actually. Yeah.

Derek Jensen: Yeah. Copper is a natural allergy resistant. That’s why. And it comes from the ground. Copper comes from the earth. Okay. Right. So if you ever look at a place where there’s heavy copper deposits, you’re going to see mold and mildew doesn’t grow there.

Sharon Cline: So is that why they use them in air conditioning units and why? Oh, I got you right. Look at me learning today. I just never paid attention to that. So I appreciate the all.

Derek Jensen: Simple no brainer stuff. Yeah, okay. Yeah, but. But it’s stuff that you don’t know until someone kind of exactly puts light on.

Sharon Cline: Why would I know?

Derek Jensen: Right? So these shingle manufacturers, they’re all using a copper based technology and they’re infusing the granules of the shingles with copper so that they become allergy resistant. Oh, that’s.

Sharon Cline: Amazing.

Derek Jensen: It is. It’s a great idea. And. Most of the country it works. But here in Georgia, I mean, it doesn’t. You know, they say allergy resistant. Every single one of them guarantee it for ten years here in Georgia. You’re lucky if you get five. Why? Just because of the humidity, the heat. The climate here. It’s a breeding ground for the bacteria called gloeocapsa magma, which is what the black lines actually is.

Sharon Cline: Oh, no way. So that’s what people ask you to come and clear off the black lines that they have on their roofs.

Derek Jensen: Yeah. You know, and people don’t even really know that they have them up there.

Sharon Cline: Because how do you see. Right. You’re right.

Derek Jensen: You know, people don’t even look. But yeah, that’s what we do. People say, hey, I got some black lines on my roof. Well, hey, can you clean my roof off? And they don’t even realize what’s going on up there. And so I’m here to bring light to it and, you know, let people know, hey, look, there are a few alternatives to this. Another important thing, which is why I’m kind of doing this, is. Over the past two years, you’ve had a lot of insurance companies take a big, big hit on replacing roofs because you’ve got roofing companies going out there and putting in claims saying, Yep, yep, they need a new roof and they don’t. Oh, really? Okay. Right. So insurance companies are like, Well, we’re not a roofing company. We don’t know. We’re trusting them, but we’re losing money left and right here. Like we’re replacing a lot of roofs. And insurance companies, as you know, they’re in the business to make money. They’re not in the business to lose money. So this sparked the insurance company to do a little bit of their own investigation. And what they found is that all these shingle manufacturers, every single one says that, yes, these shingles will last X amount of years if you’re doing the maintenance. So insurance companies says, well, what is the maintenance? And so armor, which stands for the Asphalt Roofing Manufacturers Shingles Association. They say any shingle, all shingles, every 3 to 5 years, you’re supposed to have your roof soft washed. That’s part of roof maintenance.

Sharon Cline: Well, I had never done that ever. No one does. My houses that I know.

Derek Jensen: This is all new in the past two years. And because of this, insurance companies have now, you know, tooken their list of roofs that they have that they’re insuring, and they’re sending up drones and they’re taking pictures of aerial shots of the roofs. And if you got black lines all over your roof, you’re getting a letter in the mail that says, hey, listen, you’re not keeping up with your roof maintenance, so we’re not going to renew you at the end of the year.

Sharon Cline: Holy cow. How are you supposed to know these things? What letter goes out to explain these things to any homeowner?

Derek Jensen: It doesn’t Just the one saying you’re not getting renewed and then you’ve got to figure it out.

Sharon Cline: That’s awful.

Derek Jensen: And so that’s why I’m here doing this right now. It’s already happened to a few people in Georgia. I’m sure there’s going to be some people that are listening to this that, oh, I got one of those letters. You know, it’s a real thing. It’s happening. And it’s a shame because at that point it puts the homeowner in a real pickle, like a real big pickle.

Sharon Cline: How would you know? You know, of course, if you know something to prevent an issue, you’ll do it as a homeowner, right? Most people. So if you if you have no idea and you’re getting censured because of it, you know, you’re told no denied, well, you would have done it if you knew.

Derek Jensen: Well, here’s the thing. Once you get that letter saying we’re not going to renew you now you’ve got to go find insurance somewhere. And when you go to look for insurance, the insurance company is going to say, well, why do you need an insurance? Well, because my insurance company isn’t going to renew me. Why? Well, because they say, well, you need a new roof before we’ll touch you. And. No, but they don’t need a new roof. They just need a cleaning. They don’t they don’t need a $20,000 new roof. They need a $2,000 soft wash. Let me repeat that. They don’t need a $20,000 new roof. They need a $2,000 soft wash. But because they’re in this situation now, there’s no way out. They’ve got to get a new roof and they don’t need that. It’s it’s a waste. And it’s not covered under insurance either because they’re not keeping up with the maintenance. So homeowners are and I and I and I don’t mean this in a bad way, but homeowners are ignorant to this. Okay. And I’m here to just kind of shed light, bring, bring notice and say, hey, look, you know, it’s important to start looking up every time you walk out of your house or back out of your garage and you’re sitting there and you’re waiting for the door to shut, just look up, you know, just take a good look up at your roof, see if you’ve got some black lines up there. If you do, they’ll be really easy to see. If you do, call me.

Sharon Cline: So this is mostly happening in Georgia that because they don’t even last that long, because our climate and maybe other regionally areas like Florida maybe. Right. Right.

Derek Jensen: Or so. So parts of Florida, Georgia, parts of Alabama.

Sharon Cline: South Carolina.

Derek Jensen: Yeah. This this whole little area right here. Who knew?

Sharon Cline: I had no idea.

Derek Jensen: Yeah, it’s just it’s just the way the climate is, You know, we got gloeocapsa magma, which is a living bacteria, which is what those black lines are. It actually has a name. Okay. Okay. Don’t ask me to spell it. My third grade education ain’t going to handle that. All right.

Sharon Cline: Fine. Mine either. I don’t know how to spell that.

Derek Jensen: But it’s called gloeocapsa magma, and it’s actually a living bacteria. Okay. And as we know, bacteria is probably one of the nastiest things on this. It spreads so fast. Right? Right. So. Because it’s a living bacteria. Its diet is the granules of the shingles. That’s why it’s there.

Sharon Cline: Who knew?

Derek Jensen: Okay. That’s what it eats. That’s what it thrives off of. Now it needs three things in order to thrive. It needs heat. It needs humidity, and it needs moisture. We have that in abundance here. Okay. There’s no other place in this world that has those three levels in such a high level all together. You know, if you think about geographically, the way the United States is set up. Georgia and Florida are really the only two places that have that kind of extreme heat, humidity and moisture all in one all the time. Texas is really close, but they don’t have the moisture. Yeah, they’re dry. If they had the moisture in Texas, oh, it’d be over with. Roofs would be riddled with it out there.

Sharon Cline: So generally speaking, if you’re not in this sort of southeast area, your roof can be expected to last a lifetime. A lifetime. A lifetime to worry. But. But washing it every how often would you have to wash it if you’re in a different area?

Derek Jensen: If you’re in a different area. Maybe five years plus. I was going.

Sharon Cline: To say 5 to 10 years. If you really start to see it not looking great. But here in Georgia, it’s much more critical. Right.

Derek Jensen: It’s extremely critical because what happens is the gloeocapsa magma gets up there, it starts eating, the granules deteriorate in the granules, and then the shingle is wide open. It’s got no protection, it’s got no armor on it. So when the wind comes in, the hail comes in. It’s basically up there naked and it’s taking a beating. And that’s how you get hail damage, wind damage and storm damage. It causes the shingles to lift all that stuff. It’s it’s the beginning of the end of your shingles when you see black lines up there.

Sharon Cline: That and I think about the beginning and the end of any savings that you could potentially have. Right.

Derek Jensen: Because, I mean, if your roof goes, you know, that’s leaking down. So so now we’re not talking just shingles. Okay? Now we’re talking plywood. Yeah, Sheetrock. If it’s really bad and it gets into the wiring, it starts blowing some sockets. You know, you see the little circles on people’s ceilings all the time. Yeah. Okay. That’s that’s. That’s a direct effect of gloeocapsa magma being up on the roof and no one taking care of it. And it’s just doing its thing. Doing its thing. And over time, this is what we get.

Sharon Cline: Do you see when you’re driving around, you just look at roofs and you’re just like, Oh my God, this is a disaster. Like all the time.

Derek Jensen: I got to stop myself because I want to get out of the truck and knock on the door. Yeah, I’ve actually done that a few times.

Sharon Cline: Have you have you been like, Listen, I’m trying to save you? Yeah, it’s.

Derek Jensen: Terrible. And people just don’t know.

Sharon Cline: No, that’s the thing.

Derek Jensen: And the other thing is we live in a world today where people are so like. Afraid of being tooken. You know, when you go to them with something like that, they kind of look at you sideways, like, Are you telling me the truth?

Sharon Cline: Or what’s in it for you?

Derek Jensen: Because they’ve never heard of this before. So they’re like, What are you talking about, Willis? You know?

Sharon Cline: All right. So initially you were Jensen precision power washing, but now you have gone into helping in the roof part. How did that happen?

Derek Jensen: Well, I mean, I’ve always watched roofs, right? That’s one of the services we do. You know, we watch houses, roofs, gutters, driveways. Like I said, if it’s dirty, we clean it, right. And so roof cleaning has always been a part of the soft washing industry, a pressure washing industry which whichever word tickles your fancy. However, there. There’s never been a service in the pressure washing industry. That’s a mandatory service. Everything we do or anything a pressure washer company does, it’s it’s all a want, not a need to request.

Sharon Cline: Right. Right. I want to sell my house. I want it to look nice.

Derek Jensen: Right. So you don’t. If you don’t pay your power bill, you don’t have power, right? Pressure washing isn’t like that. You don’t need somebody to come wash your house. You just want somebody to do it right. So none of our services have really been a need like like homeowners don’t need us. It’s more of a luxury item if they can afford it and or a maintenance item if they can afford it. You know, that’s why you see so many homes that look terrible. You know, you drive by and you’re like, geez, what a nice home, but it’s dirty. It’s got, you know, algae growing on it. They just. You know, they’re living above their means. I mean, every month the bills come in and there’s nothing else. So paying to get the home washed, they can’t because they’re paying too much, you know, So those things happen. But basically what the roof stuff, the way the roof stuff came along for me is that after washing roofs and seeing this change with the insurance companies, that’s what made me go, Hey, a light bulb came on there. And so I started watching the trend. You know, following the trend, because it applied to me, it applied to my business.

Derek Jensen: It’s what I do. And so I said, if there’s going to be some changes going on, I want to make sure that I’m ahead of that curve so that it’s not such a big curve to come around when you try to learn it, right? Like I want to be in those conversations and be in those rooms and be proactive in what I was doing so that I could then protect the homeowners that I’m servicing. Got you. Right. Because good customer service is what really gets your business. I put up a post the other day a little simple saying that that hit me and come up with this all on my own. It was, if you want to be in business, you got to stay in business. And and I put read that twice because I wasn’t just talking about staying in business. I was talking about staying in the business, you know, the roofing company business, the get in their business, you know, if it’s got to do with your business. Make their business your be a part of the business.

Sharon Cline: Are you finding that not all companies are doing that?

Derek Jensen: No, they’re not. No. Here in this general area, there’s there’s maybe. And I don’t want to throw any names out there because we’re not going to do that. But there’s only a handful of us out of the Brazilian that are pressure washing that are actually serious and taking the time to learn these things. There’s not many companies that are authentic in what they do. It’s a hustle.

Sharon Cline: It’s a hustle. Interesting. Well, I mean, it is, right. There’s there’s that element of making money, which totally makes sense. Obviously, it’s a business, but you’re talking about a different level of care.

Derek Jensen: Yeah, this is this is Jensen’s precision power washing is here to stay. You know, we pride ourselves on being the only exterior cleaning solutions company in Cherokee County. That’s a title that we hold. We are a full service exterior cleaning solutions company. If you call us, we’re not going to tell you no. Okay. We do everything wet sandblasting. I mean, we do everything. There’s not another company out there that does what we do.

Sharon Cline: And roofs.

Derek Jensen: Right? So and we get called a lot of times to to go help other companies. You know, a lot of these big wash companies, they’ll call us and say, hey, you know, we need your expertise on this. We got a big one. We need another truck. We need another set of hands. We need somebody that knows what they’re doing. We need someone with chemical knowledge and they’ll call me and I’ll go help them out. Or, for example, and I’ll give him a plug because he’s a good friend of mine, Nick State. And I want to make sure I get that right. Statin I got it right there. Nick and I and.

Sharon Cline: Nick.

Derek Jensen: Yeah, he’s busting my balls all the time because I mispronounce his last name. So. So, yeah, so. So Nick’s a really good guy. He owns Wet and Wild down in the Decatur area. Okay. And, you know, we talk all the time. We’re going to conventions together. We’re sharing knowledge together. And, you know, I’ve helped him out a bunch. He’s helped me out a bunch. And that’s just kind of the way it works. Like I said, there’s there’s a lot of us here in Georgia that do this, but there’s only a real small core group of us that stick together like a band of brothers, you know, And that that’s been that’s been a great help to me, too.

Sharon Cline: Well, how wonderful to be able to to feel like you’ve got a family in this environment. You’re supporting each other and what you learn, you share. Yeah, it’s not.

Derek Jensen: Well, to a degree.

Sharon Cline: Oh, I was going to say there’s room for everyone, right? You want you want there to be people that care as much as you do, so you share what you know. But I imagine you still want to be the one in Cherokee County who’s covering all the bases, right?

Derek Jensen: Like, you can definitely sit down and eat at my table, but I’m not giving you my damn table.

Sharon Cline: But you can come eat.

Derek Jensen: But you can come sit down anytime you want.

Sharon Cline: I’ve heard that there’s that phrase that’s like with friends where, you know, I still want you to eat. I just don’t want you to eat at my table. Like I still want good things for you, but you’re just not going to be in my life kind of thing. So I like how you put a little spin on that. Look at you, Derek.

Derek Jensen: Here we go. Original.

Sharon Cline: Original. So what has it been like for you to expand your business?

Derek Jensen: Very difficult. It’s been very, very difficult and challenging. It’s been a lot of fun, but. This little journey that I’m on. You know, I’ve done a lot of things in life. You know, we talked about this the last time I was on the show. And I mean, I’ve done so much in my life, but I can honestly say that growing this business has been the absolute most hardest thing I’ve ever done in my life.

Sharon Cline: What is hard about it?

Derek Jensen: Well. First of all, I have no business running a business. Let’s just be honest, okay?

Sharon Cline: But you are running.

Derek Jensen: But here we are in business, so. Hey, man. Right.

Sharon Cline: Well, there are a lot of people who have dreams like you do or want to run a business, and it is daunting. It’s scary. There are so many aspects of it that people don’t know and they don’t do it because so fear. That’s why this is called Fearless formula. So one of the things that you had talked about is how the leap of faith that you took to start this business and and become somebody you never even thought you could ever be. And what I love is that that’s every man’s story. We all have our own hero journey story. You know, we’re trying to save ourselves and be our own heroes. And that’s kind of what you’re doing in your own way. So but that doesn’t mean that you’re just fearlessly out there doing everything and not caring about consequences. But that’s what we’re talking about now is like, what is that like for you? Well, trying to manage.

Derek Jensen: Yeah, it’s see, I’m a little crazy. I got no filter and I’ll just say what I’m thinking. So I’ve had to dial that back. That’s been a little difficult.

Sharon Cline: What have you had somebody say they don’t like something? What?

Derek Jensen: I maybe like the past six months, I’ve really kind of like, put a lot of energy into finding out, like, who my tribe is, you know, where do I what tribe do I belong to? Because. Because you can’t do it by yourself, right? That’s one of the lessons I’ve learned over the past year is as much as I love the the thought of, Hey, look, this is all me, I did this Mr. Big back, you know, it doesn’t it’s only going to get you so far. You definitely need a tribe. Like, if you want to succeed, you definitely need a tribe. Not only do you need a tribe like you need to be part of a tribe, and then you need to have your own tribe that you lead. Got you. Right. So that would be the biggest thing that I could say to people that are that are at that stage where they’re in business and they’re trying to get to that next level, but they’re not really sure and they just can’t seem to get there. Evaluate your tribe are you part of a tribe? Number one? Are you part of a tribe? And what is your position in that tribe? And then the second thing is, do you lead your own tribe? And what does that look like? Once you can kind of put those two things together, you’re going to find that the success ball just rolls.

Sharon Cline: So have you had to change a little bit of who you were before you met your tribe? How did how did you find your tribe? Um, because you said you have to change the way that you relate to people a little bit.

Derek Jensen: Well. Well.

Sharon Cline: You’re like an aw shucks right now. Yeah.

Derek Jensen: So. So, so basically what it is, is, is I’m trying to think of the word that that was said. I can’t. I can’t think of it off the top of my head right now, but. Yeah. So I basically sort out a few people that I realized in the community that I live in that are that are doing things that, that I align with, you know, their visions, their actions, their, their participation to the community. Because I’m a big community guy, you know, precision powerwash and restoration. We’re a community company. You know, this is going to be our second year taking care of the senior center in Canton, you know, taking care of our seniors. I remember you.

Sharon Cline: Mentioning that last.

Derek Jensen: Time. Yeah, we didn’t let that go. Okay. And we still do that. A matter of fact, we got to meet with Tim over there in October. We’re a community driven here. And so I wanted to try to I knew I said, if I’m going to be part of a tribe, it needs to be a community based tribe. It needs to be something that’s doing something within the community because that’s where I align. Right, right, right. The problem is what’s the problem? The problem is, is that I’ll say what I feel and I don’t you know, I don’t hold nothing back. And if you don’t like it.

Sharon Cline: Yeah, but we’re in the South, right? So we sugarcoat and we dance around. Yeah.

Derek Jensen: And the passive aggressive just ain’t me, you know? I mean, I’m just straight aggressive, you know, There’s no passive anything.

Sharon Cline: And how does that go for you? Right?

Derek Jensen: And so I’ve had to adjust that. Right. And so I let’s see, back in I think it was November of last year. Yeah. You know, I had I had caught on to this this little movement that’s happening called the Black Sheep Project.

Sharon Cline: And we talked about this. Yeah, I loved it.

Derek Jensen: And, and so I started kind of like following along that and then realized that that Mr. Gary Lamb is, you know, kind of a really big deal. I mean, he’s doing a lot of things. He’s got the Black Sheep Project podcast that he does, and he’s helping all kinds of people through that. You know, he’s reaching all kinds. He’s mentoring people. He’s helping people grow. He’s doing all kinds of things. They’re having, you know, men be able to hold themselves accountable. You know, it’s really a good thing that he’s doing through that Black Sheep Project podcast. And then he’s got revival events. You know, he does all the events, Guardians of the Jukebox that he just did. I heard about that. Yeah. So he’s he’s all over the place doing that. The barbecue and brews festivals that he does. He just did making bacon down there. I mean, the guy is just, you know, he doesn’t stop. Yeah, right.

Sharon Cline: He’s got his heart in the community and.

Derek Jensen: And then he. And then he’s. And then he’s my pastor as well. Right. He’s. He’s the head of Action Church in Canton. So, you know, Gary is just one of those guys that I just immediately kind of fell in love with no homo or nothing like that. But, you know, Yeah, I just I just immediately attached to the guy and, and I said, this is either going to go really, really good or this is going to go really, really bad. But I’m six three and I ain’t scared of shit, so let’s get it. Gary And, and that’s how it went, right? And so, yeah.

Sharon Cline: He’s on board, though.

Derek Jensen: He’s on board. It took him, but it took him a little bit. You know, I’ll be honest, like, this is what I’m talking about, you know, we’ll go back to the tribe thing, okay? I let it be known. Hey, listen, I want to be a part of your tribe, you know, and. In the beginning it wasn’t really received that well. Right. Interesting. Yeah. Because, you know, he he’s like, listen, this is my tribe. Yes. But, you know, just because I want you here doesn’t mean everyone else wants you here, you know? And you can’t be coming in here disrupting the the vibe, you know. So there was a lot of things that I had to take accountability for, you know, and really take a step back and look at and say, geez, you know. I am I. Am I allowing, you know, my my own. Self love to be toxic in my life, right? Like, am I am I ignoring some things that need to change and and using self love as a way to deflect a negative that I should be looking at?

Sharon Cline: Derek, this is deep. Yeah, Deep thoughts. And you have to be so real with yourself. And not many people like, they can’t. It’s shameful.

Derek Jensen: They can’t. They get in the mirror, they look at themselves and they go, Oh, I don’t like that. So they put on a mask and all that does is fuck everybody else up too, because now no one knows who you really are and what you’re really about. So they, you know, we take people at face value and I start dealing with you for 6 to 8 months and then I find out, wait a minute, this isn’t even this is a mask. This isn’t even this person. And it’s just so upsetting. Yeah, it’s it’s a real letdown. You know, It’s a real letdown.

Sharon Cline: So you have had to kind of ask yourself what you ultimately really want and then change according to that.

Derek Jensen: Yeah. Like what? Where, where? What am I? What are my priorities in life? You know, like, where do I want to be now that I’ve kind of like. Gotten over that hump, you know? You know, we touched on this in the last podcast. People can go on and look at it. It’s on your page with all the changes and all the things I’ve overcome in life and getting my life back after spending 17 years in the federal prison system, you know, and I’m only 47, that’s half my life. So after doing all that and getting it all back and rebuilding everything and doing it on a solid foundation this time, right? Like I had a really, really good empire going, but I didn’t have it on built on a solid foundation, and that’s why I lost it, right? Like God came in and he said, This wasn’t your blessing. You you made this blessing, this wasn’t God made, this was Derrick made. And he took it. Right. And so now that I’m at a point in my life where I’m able to acknowledge that and accept that and heal from that. This company is what he’s given me. This is your blessing.

Sharon Cline: This is the foundation, right?

Derek Jensen: And so, you know, after kind of getting over that hurdle, it took me two and a half years. Right. And then two and a half years of getting over that, I started looking around and I’m like, Yeah, you know, you’re going to have to use a lot more tact and you’re going to have to really, really, really tone this down some because people don’t like the brash so much. You know, it’s a lot to take. I’m a lot I’m a lot of energy and most people have a real hard time with it. So I’ve had to dumb that down for some folks.

Speaker3: Dumb it down.

Derek Jensen: Yeah, Yeah.

Sharon Cline: Which is so counterintuitive because you want to be like a smart person, business owner, and you want to be as aggressive as you feel like you need to for your business, but you don’t want it to be, you know, shooting yourself in the foot, so to speak.

Derek Jensen: Yeah. And you flirt with that line like you always want to be yourself, right? You never want to be something you’re not. Right. And so I find myself struggling with that a lot. Like, am I doing this to appease this person or am I doing this because this is who I really am? And in business, sometimes you have to know how to flirt with that line because. You’re going to have to do some of that if you want success, you know, and that’s part of it. Like you’ve got to know how to flirt that line.

Sharon Cline: How do you know which one you’re playing to, whether or not you’re being authentic to yourself or you’re being appeasing to somebody else?

Derek Jensen: It always starts off as authentic to myself. It always starts that way. But the minute I realize, you know, in dealing with a customer or in dealing with a relationship or a friendship or anything else, as soon as I realized that they don’t appreciate my authentic self, that’s when I have to evaluate, okay, how far do I want to go with this guy to appease them? How important are they to me and where do they align in my success? And that just gives me a level of, you know. Where I’ll go with that person. Right. Because not everyone is is is going to want to get on board the journey.

Sharon Cline: What I like, though, is you’re talking about being very honest with yourself in what you really want. Like, in other words, a lot of business owners, the dollar is the ultimate decision maker. And you’re saying that’s not the case here?

Derek Jensen: Again, you know, I’ve learned to live without money, and I suggest that everyone gets that opportunity. I mean, I know everyone thinks going to prison is a horrible thing, but do some time in a serious institution and you’ll realize that there’s so many things that you can do in life without money. It doesn’t take money to be happy at all. And if that’s if if money is the route to happiness for you, you’ve got life all fucked up.

Sharon Cline: Not only that, but I do believe that there’s never enough money. When you have that mentality, there’s never enough. It’s almost like I saw this person had one. What was it like? $1 billion in the lottery. I can’t remember. It was some crazy number, but like the government took half or whatever, and you’re like, What? I only get 500 million. But when you think about it, like only, only, but because you initially got so much, it doesn’t seem like it’s enough. I don’t think I can ever have enough money or chocolate or sleep or pleasure, you know what I mean? Like, there’s just so many things that I sort of feel is like endless. So when your value system is something like that, you’re never really truly satisfied in your soul. Right. I was being sarcastic. There’s enough money in the world and chocolate. I just want you to know that maybe not chocolate, maybe not chocolate.

Derek Jensen: All right. I should have brought chocolate instead of t.

Sharon Cline: Shirts or t shirts that Derek brings me. Okay, so you’ve had to become very serious about who you are and what you want in your business sense, and that there have been some changes you’ve made. Are there any other moments that you’ve had that have been surprising to you as you’ve expanded in this past year?

Derek Jensen: Yeah.

Speaker4: One.

Derek Jensen: One of the biggest surprises was I never realized. Exactly. How much of a role I was playing within the community.

Sharon Cline: Wow. Really?

Derek Jensen: Yeah, Because. You know, here in Cherokee County, especially this little area, Canton, Woodstock, Holly Springs, this little area, it’s it’s big, but it’s small, if that makes any sense. Yes. Right. It’s not hard to rub shoulders with somebody who knows somebody. Yes. You know, and so somewhere down the line, one of your friends is going to know one of my friends. It’s just that big of a small town, right? It’s just big enough where we have our space, but it’s small enough to where somebody knows somebody. Right. And so that’s that’s where it’s at for me is. Getting to that point to whereas. My name is respected. I don’t necessarily need it to be liked. I need it to be respected. Right. And so that’s kind of where it’s been now. And that’s kind of what we’re doing is we we did make some mistakes in the beginning, you know, and we caused some issues trying to grow, you know, people in the way a couple elbows like people don’t like that but I’m coming through, you know, And so we created a few little issues, right?

Sharon Cline: You ruffled feathers, so to speak.

Derek Jensen: Plucked them more like it. But yeah, not ruffled them. I was hungry. I wanted chicken that night, you know?

Sharon Cline: Oh, my God.

Derek Jensen: So, yeah, so we’ve had to kind of go back and make amends and make amends and mend some fences. Yeah. Interesting. And then. But, but, but then carry that through and then make the changes so that we don’t do that again. Got you. Right. So that’s been kind of the biggest thing with us.

Sharon Cline: Yeah. You haven’t had someone to lead you through this process, though. You’ve had to learn all of this pretty much on your own. All on my own. And so how would you know exactly?

Derek Jensen: You know, make a mistake. That’s how you find out. Yeah. You know, just don’t make it twice. It’s okay to make it once. Just don’t make it twice.

Sharon Cline: But also owning up to it. That’s big because a lot of business owners make the mistakes and then they just blame something else or someone else. But to to take accountability is does create credibility for yourself and a respect.

Derek Jensen: See, that’s a really double edged sword with me because even if I wanted to do something like that, which I never would, but even if I wanted to. Where? Where am I going to put it? This is me.

Sharon Cline: It’s you. It’s all on your shoulder. What?

Derek Jensen: I mean, like. Yeah, it was my secretary. You don’t have one of those? Oh, shit. Right. You know. Yeah. So there’s nowhere else to put it but me. Now, that’s a good thing and a bad thing, right? Because at the end of the day, if it’s good, it’s really good. But if it’s bad, then. Then it’s. It’s me and the truck dealing with me on the way home, and that’s never a good ride.

Sharon Cline: Where do you. Okay, So if you were to say that you do have a fearless formula, what would you say your fearless formula is for your business?

Derek Jensen: Um. It’s a good question.

Sharon Cline: Yeah, I like good questions.

Derek Jensen: We just, you know, we just want to go out and show that we can compete at the highest efficiency level out there. And we want to bring value to everything we do that that’s basically our fearless formula, is making sure that every job we do, every customer we deal with, has an amazing experience. And that’s basically it. You know, we want to let people know that, you know, we’re here, we care, and we’re going to take care of you. We’re not trying to dig in your pockets.

Sharon Cline: Don’t you think that people can feel when you’re not being authentic?

Derek Jensen: Yeah. Yeah, absolutely. Absolutely.

Sharon Cline: Or when you’re nickel and diming them for something that they don’t technically need. But, you know, because you’re the expert. Right.

Derek Jensen: And social media has has brought that to the foreground. Really? Yeah. Because I mean, you know, people people can get to see it now a lot more on social media, you know.

Sharon Cline: And it’s immediate as well.

Derek Jensen: Right. And so you do that enough times to enough people and. You’re done. You know, it’s going to spread like wildfire on social media and. You do that once or twice, man. You can make or break your company. You know.

Sharon Cline: What do you think at the end of the day when you’re driving home, what’s the feeling that you have that you just kind of give yourself a high five? Like, I just did a good I had a good day.

Derek Jensen: So I’ll go a little bit deeper on that. It doesn’t matter if it was a good day or a bad day or anything like that at the end of the day when I’m going home. I give myself a high five because I’m going home and I get to do this again tomorrow. So if it was a great day, we get to do tomorrow even better, right? And if it was a bad day, then that means tomorrow is easy because it can’t get any worse. So we already got the bad one out the way. Let’s get the rest of the good ones going the rest of the week.

Sharon Cline: And you get to go.

Derek Jensen: Home and we get to.

Sharon Cline: Go home and do it again and do it again. And it’s not have to. It’s get to.

Derek Jensen: Right. Because it was a lot of years in my life that I didn’t get to go home. Oh, yeah?

Sharon Cline: Well, Derek, I can’t thank you enough for coming by and sharing more of your story and your journey. And I just have to say candidly, you have such a depth to your spirit that you are willing to share that I don’t always get to access here on Fearless Formula. So I want to thank you for being so willing to share the things that you’re learning and not lead with pride and hubris. And you know this. I’m so great and my business is so great. But you’re like, Here’s my struggle. Because what that does is like, gives permission for everyone else to feel like it’s okay for them to struggle. It is, and we all do. Yeah.

Derek Jensen: And the biggest thing is it’s okay to struggle, but it’s also okay to, you know, hold yourself accountable there too. Like. It. I think we make things a lot more harder than we have to. Yeah.

Sharon Cline: You know, I know I do.

Derek Jensen: And but with that, I want to kind of jump into a couple of things because I know we’re running short on time. I did bring some stuff that I wanted to touch on, you know, please feel free. Yeah. So with the roofing industry again, there’s a lot of changes with the insurance companies, and insurance companies are really starting to take a good long look now at the roofs that they insure. And I just want to talk to all the people that may be listening and the people that are live on my Facebook. Allergy resistant shingles with copper technology is really a thing. It’s not a gimmick. It’s really a thing here in Georgia if you’re not using a copper infused technology shingle. You’re wasting your money. You’re absolutely wasting your money. And here’s why. And I’m going to use, for example, I mean Certainteed, GAF, ICAO, Atlas Roofing and Owens Corning all will do this, but GAF is the most easiest to deal with. Right. So I like them. So GAF has a product called Timberline, HD Z. That’s their allergy resistant line. Okay. And they say that you need to use the proper hips, ridges and everything when installing these shingles that come along with this. Yes. So, yes, it’s at the top of the price point. Okay. However, here’s the beauty of it. If you have the timberline shingles with all the proper hips and ridges on it and you ever get black lines on your roof, you’ll never pay for a soft wash. Interesting. Gaf will cover that cleaning because they stand behind their product. Okay. They say ten years. You’re not getting ten years in Georgia and they know it. You know, I was actually. I probably shouldn’t say this on the air, but I’m going to. Oh. Uh oh.

Sharon Cline: Okay. Okay, We’re going.

Derek Jensen: Yeah. I actually had a phone conversation with the vice president of GAF and was going over a lot of the information. And when I gave it to him and broke it down. Hey, look, you know, you got this product, you advertise ten year warranty, you’re never going to get that here in Georgia. You’re going to get five years at best. And I broke down all the facts to him of what I was doing on my end, you know, And it took him three days, but he finally got back to me and his exact words were. Yeah, you. You kind of got us by the balls because they now realize we’re never going to get ten years out of our shingles down there. They’re always.

Sharon Cline: Going to be having to deal.

Derek Jensen: With. And so and again, this is something that the homeowners don’t realize, okay? They get these algae shingles, they spend all this money, and then they got black lines up there and.

Sharon Cline: They call anybody, you.

Derek Jensen: Know, they call anybody and they’re paying, you know, and they don’t they don’t have their paperwork. Yeah, they don’t need to. And then on the other end of that. You know, because insurance companies are making a big deal out of roof maintenance. Now, whether you have allergy resistant shingles or not, you still have to do roof maintenance. They’re going to cancel you for having black lines on your roof. That’s a fact. So there’s a new tax code this year, 2023. Because of all this, there’s a new tax code out that allows homeowners to. Um, write off a portion of the cleaning up to $3,200 on your taxes. On your taxes? Yes. You can now write off up to $3,200 on your taxes under an energy and efficiency maintenance upgrade. Whoa.

Sharon Cline: Yes. I had no.

Derek Jensen: Idea. Right. And so with doing all that, like I said, we took the time to get recognized through the Asphalt Roofing Shingles Manufacturers Association. We’re recognized for them. We have a certificate of compliance through them. Good for you. Yeah. And so every roof wash we do, we’re issuing homeowners this certificate and we’re putting it doesn’t go to the homeowner. It actually goes to the address. Okay. So if you have a sold your home, it’ll go It transfers.

Sharon Cline: That’s wonderful. Transferable.

Derek Jensen: Right. And that’s the thing. A lot of people that you know. It’s so important to know what you’re getting into, because if you buy a home, the warranty doesn’t transfer. Unless it’s under the home. Truth. Okay. If it’s in a person’s name, it doesn’t transfer. So you buy a home and the real estate agent sells it to you as Yes, it’s got algae resistant shingles on it. It’s guaranteed for life. And you’re like, Oh, great. You get into the home, you have a problem, you call GAF. And they’re like, Well, you’re not the original owner, right? So there are some things that people need to be understanding when they’re buying homes and selling homes. Make sure that if you’re spending this money and you’re investing in your investment this way, make sure it’s transferable.

Sharon Cline: That’s a huge selling point. You know, I would think and I’m.

Derek Jensen: Dealing with a lot of realtors now helping them kind of get get to the bottom of this. But basically how it shakes down is there’s a few different ways that you can you can have coverage on your roof right from the manufacturer. Right. So there’s there’s a standard manufacturer’s warranty which covers the product you purchase. Okay. Okay. So that’s a standard manufacturer’s warranty. Got it. Then there’s a workmanship warranty, which that covers the contractor that comes to do the work. Right? And then there’s the extended manufacturer’s warranty. That’s the one that homeowners want. Okay. The other two, um, this last one, the extended menu. This covers contractors workmanship. Along with extended coverage for the products. So if you get the extended manufacturer’s warranty, you get the other two in with it. On top of all the other benefits. Got it. So it makes no sense to just cheat out on a couple hundred dollars.

Sharon Cline: When you could have it all. You can.

Derek Jensen: Have everything.

Sharon Cline: Yeah, that totally makes sense.

Derek Jensen: Okay, now I just want to get into some breakdowns real quick so people know and can if they hear these words, it might trigger some things for them. Excellent. So Ecco is a roofing shingle company and they’re allergy resistant line is called the Dynasty performance line. And they say that ten years allergy resistant hands down, if you got black lines in less than ten years, we’ll cover it. Perfect. Wow. Okay. So but that’s only on their dynasty performance. Allergy resistant line. Okay. Owings Corning. I don’t really interesting. Care too much for this company. Okay.

Sharon Cline: Interesting you say that because that’s the one I’ve heard of in the roofing industry the most. Yeah.

Derek Jensen: You hear a lot of them. They they got a really big name and and it’s, you know, they’ve reached a point where they’ve gotten too big for their britches and yeah, I just after, after talking to them I just really.

Sharon Cline: Oh okay.

Derek Jensen: And getting them to to back like so they have a street guard that’s their allergy resistant line. Okay. And they. Go into it a little bit deeper. They say that they use products from three M. You know, again, they offer the ten year warranty on it and they have it. You know, they say, okay, well, you need to have the approved hip and ridge products on it. They want pro edge, Razor ridge or Deco ridge, hip and ridges on it. Okay. And so they make you spend a lot of money to get this allergy resistant coverage. And if it does wind up getting allergy on it in ten years, Owings Corning is going to try to find a way out of that before they’ll find before they’ll actually back up their work.

Sharon Cline: That’s terrible. That makes me so frustrated. I know that’s what they’re supposed to do. But at the same, you know, that’s their goal. But at the same time, come on.

Derek Jensen: They’re really hard to deal with when you call them and tell them that their product failed. They act like a little kid. They want to throw a tantrum.

Sharon Cline: It’s terrible. Oh, gosh.

Derek Jensen: Now I will say that Certainteed, ICAO and GAF are not like that. Okay? I’ve had very, very, very good experiences with them. Okay. And so Certainteed, we’ll get into that. Certainteed brand is called Street Fighter. Okay. Okay. You see how they all have these little play on words?

Sharon Cline: Do they do?

Derek Jensen: And again, they say allergy resistant for ten years. Okay. So there’s the common denominator. Everything’s got to do with street fighter or some kind of play on words. But so they all got that going on and then they all got the ten year going on. That’s the common denominator in each. Got it. And what Certainteed basically says is pretty much the same thing allergy resistant properties using copper technology that allow the shingles to release the copper technology over time to combat gloeocapsa magma, which is the black lines that are on your roof. Okay, now. That’s what they all say. Ten years, allergy resistant. But here in Georgia, you can’t you can’t do that. Okay. You’d have to have shingles made of copper. If that was the case.

Sharon Cline: Could you imagine now or. But like. Like a copper roof. I can imagine. Right? You’re all set. But most people don’t have that. No, they’re doing a the combo.

Derek Jensen: But if you look, you know, and that’s the point I want to make. So copper is allergy resistant. Yes. But it tarnishes.

Sharon Cline: Yeah. It’s got patina doesn’t it? Like it turns green or something. Right. I didn’t think about that.

Derek Jensen: Okay. So so so that’s the that’s the that’s the double whammy there. Okay. Yes. They’re using copper because it’s an allergy. It’s a natural allergy resistant. But. It patinas. So. If you’re using copper technology, shingles, it’s going to patina interesting and it’s going to create black lines. And now you don’t know, are you dealing with patina and failure of the copper or are you dealing with gloeocapsa magma? So it’s very, very important that if you’re going the direction of this algae resistant technology, that you really do your homework and know what you’re getting into. Okay. Because is it worth the investment? 1,000,000%. Okay. If you go with any one of these brands, even though. Even though Owens Corning can be a real pain in the ass to deal with, they still make a great product. I don’t want to sound like I’m. Dagenham. Okay. I’m just saying that they’re a little tough to communicate with. You know, some people communicate great, some people don’t. It’s just the way it is, you know? I’m sure married folks will agree with me there. Right, right, right. And so, you know, they make a great product. They’re just really tough to get them to do what they say they’re supposed to do. Right. There’s a lot of there’s a lot of banter.

Sharon Cline: That’s going to go on.

Derek Jensen: There. Right. Yeah. The rest of them are pretty good. But but that’s just it. You know, I would suggest, you know, to to anyone that owns a home or that anyone is thinking about replacing a roof or whatnot, you know, building a home. You know, this this goes out to builders that may be listening to this, contractors that may be listening to this. If you you’re not using one of these companies and you’re not putting allergy resistant shingles, hips and ridges up on these roofs, you’re doing the homeowner and your customer an outrageous disservice. You know, egregious because they’ll never, ever, ever have a roof problem again if they use these products. You know, these products, they say in ten years, allergy resistant, then they’re saying 25 years to lifetime warranty. I mean.

Sharon Cline: It’s the dream.

Derek Jensen: They’re putting. Yeah, they’re putting some really big, big, big claims out there and they. They will stand on them. Right. So if you’re not using these products here in Georgia. I mean, I get it. You know, it’s a little bit more money. Some cases it’s a lot bit more money. But, I mean, this is your home. This is your investment.

Sharon Cline: It’s worth it.

Derek Jensen: You know, if you’re going to stay in that place for the rest of your life, there’s some peace of mind knowing that that roof is good for the rest of its life. If this is just a starter home or, you know, a layover or whatnot, there’s some real peace of mind knowing that you got the right stuff up there. When it comes time to sell that, you’re going to be able to get your value right. And then also for people that are, you know, got into this to to rent and make money off of being a landlord. I mean, it’s a real peace of mind to to rent out a piece of property knowing that the tenants that you have in there are covered by the best stuff possible.

Sharon Cline: They’re not going to call you saying we have a big leak, right? And now all my things are ruined.

Derek Jensen: Yes.

Sharon Cline: You know, and you have peace of mind knowing you don’t have to worry about if anything does happen. Right.

Derek Jensen: And so, you know, that’s that’s the big thing is I want to get it out there that look, you know, the roofing industry is changing. The insurance industry is changing. Roof maintenance has become a requirement. Okay. If you’re not getting your roof maintenance cleaned at a minimum of 3 to 5 years, you’re at risk of being canceled and not renewed. That is a real deal thing. How can people find that out?

Sharon Cline: I was just going to ask you, how can people find out even about you? You know, like if they wanted more information on this, because I’m sure this will inspire people to start investigating their own situations. And if they wanted to talk to you about it, what would be the best way they could get in touch with you?

Derek Jensen: (404) 431-4576. Call me on my shirt. There we go. Jensen’s precision power wash and restoration out of Canton. You can Google us. We’re a five star company on there. And I just gave you the digits, so you got no excuse now.

Sharon Cline: Well, Derek, you’ve just really helped. I think a lot of people have a potential way for them to save themselves, like not only money, but like the mental torture. You know, when you really know that you’re making a good decision, having that peace of mind can be really priceless.

Derek Jensen: Yeah. And I want to give another plug. You know, you asked me that question. So one of the companies that we’ve kind of networked with and kind of like linked up with is is roof advisors out of Canton of Canton. They here local in Cherokee County someplace. Okay. But Naomi over at Roof Advisors has been. An absolute blessing. You know, we got to talk to her a lot and go over some things with her and share with her kind of what we’re doing on our end, because they they’re a they’re a roofing company that exclusively uses GAF products. Got it. And so I brought all this knowledge to her and said, Hey, how much do you know about the products that you’re putting up there? And we sat down and we had a conversation over it, and it turned out that Naomi was actually considering starting to to to add soft washing, roof maintenance to, you know, roofing companies are starting to add this service.

Sharon Cline: That’s amazing because.

Derek Jensen: It’s a necessity.

Sharon Cline: Now. Yes, it is. Okay.

Derek Jensen: So a lot of roofing companies are low key searching out how do I get a roof washing set up? Right. Okay. And I want to say to every single roofing company out there that’s thinking about buying and purchasing and hiring employees to do roof maintenance. Don’t call me.

Speaker3: What a plug.

Sharon Cline: Oh, my gosh. We need to end there. That was perfect. That was, like, the very perfect ending. Good stuff, Derek. Thank you. Very welcome. I’ve had the best time chatting with you. Absolutely.

Derek Jensen: It’s always a good time coming in here. Thank you. And now you get to bring your mom in.

Sharon Cline: My mom’s visiting. Yeah. Yeah, I know.

Derek Jensen: I think Thanksgiving dinner is next.

Sharon Cline: You’re part of the family. All right, Derek, thank you so much. You are Welcome back. Any time. We’ll follow up again, because I’m just so enjoying your journey and really appreciate the time that you get to spend here. And obviously really sharing your heart and caring about people. It’s not about the money. It’s about really helping people.

Derek Jensen: Yeah, it’s really about the community and helping people out. So thank you for doing next year.

Sharon Cline: Hooray! Hooray. All right. All right. Thank you all too, for listening to Fearless Formula on Business RadioX. And again, this is Sharon Klein reminding you that with knowledge and understanding, we can all have our own fearless formula. Have a great day.

 

Tagged With: Jensen's Precision Power Washing

BRX Pro Tip: Are You Really Ready to Delegate?

October 2, 2023 by angishields

BRXmic99
BRX Pro Tips
BRX Pro Tip: Are You Really Ready to Delegate?
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

BRX-Banner

BRX Pro Tip: Are You Really Ready to Delegate?

Stone Payton: And we are back with Business RadioX Pro Tips. Lee Kantor, Stone Payton here with you. Lee, the question of the day, are you really ready to delegate?

Lee Kantor: Yeah, a lot of folks understand the importance of delegating, but sometimes they self-sabotage and they’re really not ready to delegate. So, this is an exercise you can do to see if you really are ready to delegate. Something you can do is just go look at your calendar, or look at your to do list. Gather them up, go back, write down the last 100 different tasks that you did that you put on a calendar, that you put on a to do list. So, write them all down, get 100 of them, then put them into categories. What are the little chunks of tasks that you’re doing yourself over and over again? And then once you’ve done that, find somebody on your team who is the right person to take over some of those categories. And once you do that, remember to only keep the things that you, number one, want to do and things that you are great at, the things that are your superpower, everything else should be delegated to somebody else. If you can do this activity and go through your last 100 tasks and sort them and delegate them to the right people, you keep only the things that kind of align with your superpowers.

Lee Kantor: You’re going to be way more productive and your team is going to be able to take a lot of stuff off your plate. Now, if you do this exercise and you’re like, oh, I’ve got nothing, there’s nothing to delegate, then you’ve got a bigger problem. You have to build a better team. You’ve got to get more people that can do more things because you’re getting bogged down with too many things that really aren’t moving the needle in your business. You should only be doing the things that generate the most ROI and that brings you the most joy. Everything else has to be delegated to somebody else on your team. If you do that now, you have more time to do really the most important things that are moving the needle in your business. And you should do this exercise at least once a year. So go through the last 100 tasks to see if it’s time to delegate more stuff to more people.

BRX Pro Tip: Embrace Selling

September 29, 2023 by angishields

BRXmic99
BRX Pro Tips
BRX Pro Tip: Embrace Selling
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

BRX-Banner

BRX Pro Tip: Embrace Selling

Stone Payton: [00:00:01] And we are back with BRX Pro Tips. Lee Kantor, Stone Payton here with you. Lee, today’s tip. Easy for me, I’m wired this way. Easy for some of our studio partners. Not so much for others. This idea, embrace selling.

Lee Kantor: [00:00:17] Yeah. Businesses do pretty much only two things. They make things and they sell things, right? In our world, as some people call what we do, show business. In the making of shows, part of that is the easy and fun part. We all love doing it. We can sit here all day long and do it. Your clients are gonna love doing it. That’s the easy part. But nobody eats until something sold. So, the business part of this better come into play pretty quickly.

Lee Kantor: [00:00:47] And you have to have a sales process that’s as elegant as possible. And you have to have funnels. And all of that stuff has to happen. In our place, we can do that pretty easily. We use the serve model for sales. Select the right guest. Engage with them on a compelling show. Get a meeting and relate and verify if it’s a fit or not. And then, execute a pilot. The serve model works for us. It’s elegant. It’s non-salesy. Every step organically leads to the next step. And that’s how we do it. We move the prospect from being unaware of the opportunity, for them to consider the opportunity and then, to act on the opportunity.

Lee Kantor: [00:01:27] And that’s what we do every day here. And make sure in your house show that you’re doing that. You’re selecting the right people. You’re having a good show experience. So, they’ll have a meeting with you. So, they can relate and verify if it’s a good fit. And then, execute the pilot. And then, you teach your clients to do the exact same thing. You got to hold them accountable so that they’re selecting the right people, that they’re having a good show and then, they’re getting follow-up meetings. So, if everybody does that, then things are going to be sold and everybody wins.

Cracking the Code of Technology with Shaun Huffman

September 29, 2023 by angishields

Shaun-Huffman
Northwest Arkansas
Cracking the Code of Technology with Shaun Huffman
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

Shaun-HuffmanJoin us for an insightful conversation with Shaun Huffman, the mastermind behind Computer Consulting Service (CCS). Discover how CCS monitors and maintains networks across the nation, ensuring the smooth operation of businesses of all sizes.

Shaun shares his journey from vintage computer enthusiast to an IT expert. Plus, get valuable insights into cybersecurity and the ever-evolving world of technology. Tune in to gain a deeper understanding of IT solutions and their impact on businesses.

Don’t miss this episode of Northwest Arkansas Business Radio!

Follow CCS on Facebook.

Olivia Newell with Theory Salon

September 28, 2023 by angishields

Olivia-Newell-CBR-Feature
Cherokee Business Radio
Olivia Newell with Theory Salon
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

CherokeeBusinessRadio092623pic2bw

Sponsored by Woodstock Neighbors Magazine

Woodstock-Neighbors-logo

Theory-Salon-logov2

Theory Salon is a culture that provides visionary looks with a world class customer experience. With a welcoming environment and luxury product lines like L’Oreal Professionnel and Oribe, we value integrity.

You will find through our passion for one’s craft, our dedication to establishing a salon that works with purpose and meaning.

Commitment to innovation, and continued education is a must, because we know that it is integral to keeping our skills sharp and our artistry inspired.

The driving forces behind the Theory Salon experience are to provide unparalleled hospitality and extraordinary hair artistry.

CherokeeBusinessRadio092623pic1bwOlivia Newell is a small business owner in Woodstock that does it all, from hair and makeup to consulting for other local businesses.  She is a L’Oreal Professionnel Educator and she grew up in the Woodstock area. She graduated from the University of Georgia in 2013 with a degree in Public Relations.

For over 18 years, Olivia managed, staffed and trained in the salon industry upon opening Theory Salon with her two business partners. She firmly believes in continuing education and travels from New York to LA throughout the year to train, coach, and mentor other salons.

She has a passion for both hair and makeup, while specializing in cutting, blonding, balayage. Olivia is a L’Oreal Pro Certified Balayage Artist, Network Expert Color Specialist, as well as being Keratin Complex Smoothing Treatment certified.

When she’s not behind the chair making her clients laugh, you can find her planning her next travel adventure or spending time with her hubby, son Sullivan and three pups!

Follow Theory Salon on Facebook and Instagram.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: Broadcasting live from the Business RadioX Studios in Woodstock, Georgia. It’s time for Cherokee Business Radio. Now, here’s your host.

Stone Payton: Welcome to another exciting and informative edition of Cherokee Business Radio Stone Payton here with you this morning. And today’s episode is brought to you in part by Woodstock Neighbors magazine, bringing neighbors and business together. For more information, go to Facebook and Instagram at Woodstock Neighbors Dot BVM. And if you have a heart for community and you have a small business and you want to grow that business while serving your community, consider checking out our Community Partner program. Go to Main Street warriors.org. All right, it’s time for our headliner today. Please join me in welcoming to the broadcast with Theory Salon. Ms. Olivia Newell. How are you?

Olivia Newell: I’m great. Good morning. It’s so nice to be here with you today.

Stone Payton: Well, it is a pleasure to have you in the studio and as invested as you are in beautiful hair, you came in with a gorgeous hat as well. And I think about my wife because I know I’m biased, but I think she looks so great in hats.

Olivia Newell: You know what that is? My staple look is a hat. Because I always say if a hairstylist has bad hair, that means she’s busy.

Stone Payton: I love it. I love it. All right. I got a ton of questions and I know we’re not going to get to them all, but I’d love to maybe start the conversation with you, if you could. For me and our listening audience, if you could articulate mission purpose, what are you and your team really out there trying to do for folks?

Olivia Newell: Yeah, absolutely. So I am a Woodstock local. I’m born and raised. I’ve been here my whole life. And about seven years ago, we opened the doors to Theory Salon. We were in the public shopping center off of Trickum and 92. And then about a year ago in November, we bought out a commercial building. So we are staying in Woodstock forever. So that’s kind of, you know, our stick of where we came from and who we are. We’ve got a team of about 20 girls that work for us now. We love to build women from the ground up. So one of our top stylists came to us. She graduated from high school and was in college and wasn’t really loving the route that she was on. So she kind of took a chance on us, dropped out of college, and she’s one of our top competing stylists. She just got back from New York City, where we took them to the L’Oreal Soho Academy, where they learn from platform artists that do New York Fashion Week and Vogue magazine and all that stuff. So we train them from the bottom up and they learn from the best.

Stone Payton: Well, New York must have been a blast. Say more about that.

Olivia Newell: Yes. Yes. So I personally actually got to do New York Fashion Week this year, which was highlight of my life, not even my career. It was really cool to be bumping shoulders with Nikki and Paris Hilton and Vanessa Williams and just the Who’s who of the world. I just kind of stood in this corner and was like, I’m supposed to be here, I swear. Um, so yeah, it was amazing. So I got to do hair for that and they posted it in Times Square. It was just on the big screen TV of the of the Pamela Roland show and the models that I got to do. And it was amazing to see. It was awesome.

Stone Payton: All right. And your your new location, where are you located now? Yes.

Olivia Newell: So we’re still on 92, just a little further down. We are in between the swimwear store and Bridals by Madison. It is going towards Roswell right before you get to Lucky’s beverage on the right hand side.

Stone Payton: Well, that’s handy, right? Yeah.

Olivia Newell: All those things are great.

Stone Payton: Your haircut. Pick up a handle. I like it. It could be your new slogan.

Olivia Newell: Exactly.

Stone Payton: All right. You got to tell me more about your. Your backstory. How did all this get get started for you?

Olivia Newell: Yeah. So I am very blessed that I came from a family of entrepreneurs and I actually owned the salon with my mom. We own it with our other business partner, Lita. But my mom and Lita have been in the salon world for over 35 years. They had a salon in East Cobb for my entire existence, so that’s where I grew up, working at the front desk and shampooing hair. They didn’t care about child labor laws back then. Clearly that’s where I spent my Saturdays as a kid. I went to college to UGA and then after I graduated I came back and worked for the salon for a little while. My mom was really pushing me to not follow her footsteps, but I loved the industry and I she saw how much I enjoyed it and I was really good and passionate at it. So she was like, Let’s become business partners. So. Yeah. So then theory kind of formed itself and we just haven’t looked back ever since.

Stone Payton: Is there anything particular behind the name theory?

Olivia Newell: No, it was like my mom was on the couch and was like, Hey, I got a name. It’s theory. And we were like, Oh, that’s actually a great name. So and she she named the last Salon Impulse, too, so she’s good with the names. We’ll keep her for that. Yeah, we.

Stone Payton: Got to put her to work in branding new shows. When we launch new shows, we’ll give her a call.

Olivia Newell: Exactly.

Stone Payton: So you’ve clearly been at this a while. You all have your established you’ve got a lot figured out. I’m sure you’ve you’ve had some challenges and learned some things along the way. But what are you finding the most rewarding at this point? What’s the most fun about it all for you?

Olivia Newell: Yeah, honestly, I still just can’t get over bringing in these girls that really don’t have any idea or direction of what they want to do in life. They just know that like, college isn’t for them. You know, a lot of them have done like the waitress thing, bartending thing, and they’re usually very creative people. So it’s nice to kind of give them a map and a way to become successful and find ways for them to become really proud of themselves and have something that they’re passionate about and they make a killing. And so it’s just great to watch that. I really can’t get over. I’ve been in this industry for over 20 years myself and it just never gets old seeing that. So I love watching these women just become successful and I feel like I’ve had a little bit of a little bit of that. So it’s great.

Stone Payton: So I got to ask you more. I want to do a little deeper dive on this, this idea of recruiting, developing, nurturing, inspiring, motivating your team. I’ve been very fortunate, but through no fault of my own, we have a great team at the business radio network, but it’s definitely not my superpower. What have you learned about recruiting, developing, nurturing, all that kind of stuff? Um.

Olivia Newell: What can I say? I think just pouring your heart into people and being really transparent. I just try to give them advice of what I’ve been through personally, and it’s great because we have myself, I’m 32. My business partner, Lita, is in her 50s and my mom is 68. So we’ve got three women from three different generations. So we pertain to a lot of different groups of women and we can just relate to pretty, pretty much most people that walk through the door. The three of us have definitely been through something. So I think having that relatability and then just the passion that we have, like I said, we’ve been doing this for so long, but everyone that comes to work for us, like they can feel how much we still love to do this. I mean, like I said, my mom’s 68 and still comes in twice a week to do hair because she loves it. Yeah. And it’s just it’s great. It’s great. I have a huge heart for the business.

Stone Payton: And so if and when it does happen and something’s not working out, have you got a methodology, a process for either helping them kind of regroup and turn around or to have the, you know, A, what am I trying to say? An amicable and just, you know, okay, it’s time to, as a former mentor of mine once said, free up your future. I don’t know. You probably wouldn’t use those words.

Olivia Newell: No, that’s great. But the transparency is great, right? No, I can truthfully say this is pretty cool. I don’t know how many businesses can say this. Every person that’s ever worked for my business still comes in and gets their hair done with us. So not everyone was meant to do this as a career. Like I said, we take on a lot of young women that aren’t sure what they want to do, and we’re not a great fit for everyone. And that’s okay. You know, I’m not coffee. Not everyone’s going to love me. Um, so with that being said, though, it’s just I love to just. I’m a girls girl, so I’m here to be supportive of women, whether that means working for me or not. Um, and so, yeah, so all the girls that have girls and guys that have been in our business throughout the years, I wish them nothing but success. And if it didn’t work out in the long run, I always like to think of myself as a stepping stone and into their future. So it’s great. I have great relationships with with everyone and my first employee shout out Natalie. She’s still like our biggest promoter and loves us and it’s just great. It’s great. It’s very humbling and gratitude, feeling.

Stone Payton: And so they’re finding it fulfilling, like you do the work itself, but it sounds like it can be pretty darn lucrative work. Yes.

Olivia Newell: Yes, it’s great. It’s kind of like a little secret these days. I feel like your hairstylist is probably doing pretty well.

Stone Payton: So I love it. So what about passions outside the scope of of that work of actually, you know, doing the the hair? My listeners know I like to hunt fish and travel. Yeah, I love it. But but how about you outside the scope of that work? Yeah.

Olivia Newell: So I’m married. I’ve been with my husband for about ten years and I have a little boy named. Sullivan. He’s three. So he’s our pride and joy right now. So we just signed him up for tee ball this year. So that’s been fun to watch him play at Sierra down the street. He mainly just eats snacks and hang out in the dugout. But it’s you know, it’s all for fun, right? And a huge dog lover. That’s how I met my husband. A mutual friend was like, you have to meet this guy. His dog looks like yours. And I’m like, I have a rescue. No one’s dog. Looks like my brindle puppy. But sure enough, he had his very similar dog. And we’ve been together ever since. And we have our third dog that we added to the family last year. Moose, who is about 100 and something pounds. And oh wow. Between the three dogs and the two boys, I am needing a baby girl, so my house is a little stinky.

Stone Payton: Well, we’re rooting for you. You have to keep us keep us posted on that. That’s funny. So where do you I mean, you’re clearly upbeat, you’re enthusiastic, you’re passion comes through your voice and here, seeing you, your eyes light up whenever you’re talking about any of this. But where do you go for inspiration? Is it that kind of outside passion stuff or do you do you read stuff or do you have a mentor that you talk to? Like, where do you go to get kind of refueled and recharged?

Olivia Newell: Yeah, to be honest with you, I lost my dad about two years ago. He actually committed suicide. But having that experience was a silver lining in life. It really just shows you that life is short. You’re not guaranteed tomorrow. And so I wake up every day very grateful and blessed and honored. And I just take all of that and put it towards my passions. And I just try to make the world a better place, you know, be the better person than I was yesterday. I’m not in competition with anyone. I just want to do good and right by the world.

Stone Payton: Well, and I got to say, some direct and immediate evidence of that is this this pop up event that you’re doing? Let’s let’s talk about that a bit.

Olivia Newell: Yeah, I’m excited. So I took it upon myself. I’ve been consulting for friends and family and small businesses in tenfold with doing what I do because I don’t know how to sit still or be bored. So I decided to start a consulting business and with that I wanted to feature local female owned businesses. So I reached out on Cherokee Connect and I had over 300 applicants that wanted to be a vendor for this event. Huge, huge feedback, a little overwhelming. So after taking the time talking to almost all 300 of them, I selected 40 different female owned businesses. And so we are hosting a pop up on Saturday, October 7th, from 6 to 8 At Theory Salon. There’s going to be several different vendors. Some of the coolest ones that I can think of that come to mind. One of them I’ve met, her name is Ainsley, and she owns the Steel Magnolia. It is a mobile pop up bar. She redid a camper and this will be her big debut at the event. So she’ll be slinging some crafted cocktails. So that’ll be really fun to see her. Another vendor is Ivy Logan Boutique. They took a box truck, redid that and put air conditioning in it and everything. And you can walk up the steps and shop local boutiques right in this box truck. So lots of lots of really cool stuff. I’m excited to have these vendors.

Stone Payton: All right, so October 7th, 6 to 8 and you do you need more people, businesses or do you want to just now get the word out and let people know to come? Yep.

Olivia Newell: So we’re full for vendors for this event. I’ve gotten quite a few businesses since asking if we need vendors. I love the enthusiasm and you guys can follow me on social media for future events, but for this event we need more attendees to come so you can buy your ticket for $5 on the theory salon website. It’s just theory Dash, Salon.com and we’ll share that link here in a little bit. But yeah, we want more people to come. There’s going to be a live band and bounce houses, so it’s kid friendly and like I said, some cocktail charcuterie, lots of shopping, permanent jewelry, free hair and makeup. I mean, this is a really fabulous event. You don’t want to miss it.

Stone Payton: No, I don’t. And I shared with you before we went on air, my sister in law is living with me right now as she’s building a house in Acworth. My wife is is here, so I’m probably buying at least three tickets.

Speaker4: Yeah.

Olivia Newell: You won’t regret it. Trust me, you guys will have a great time.

Stone Payton: I’ll tell you how much how excited I am about this game. Most of you listeners of this show know that I like to hunt, and I’m not going to hunt that evening. I am going to. I’m going to hunt in the morning. I’ll take a shower and Sandy and Holly and Stone are coming to this thing. I love it. I think so. You’re you’re consulting business. This was. Yeah, I mean this is a bit of a it’s not a pivot because you’re still doing the other thing. But it’s it’s an enhancement. It’s. It’s a new direction. Yeah. What compelled you to do it? Why are you focusing on women? What are you learning? All that stuff.

Olivia Newell: So truthfully, like, where the passion stemmed from was helping these young women. And I wanted to further, you know, take that a little further so people that had different businesses that were small businesses, I just wanted to share any resource that I’ve had the opportunity with over the years to make my business successful. I wanted to share with them. I went to school for public relations and marketing, so I felt like I had, you know, a wealth of knowledge that I wasn’t sharing with people. And I wanted to to help women do that. So consulting kind of it’s constantly consulting kind of formed itself.

Stone Payton: Have you been at that long enough to to start to see some patterns of some common challenges that people at that stage in their business are are having you see some things over and over?

Olivia Newell: Yeah, I have a lot of people. They just really don’t know where to spend their money. That’s pretty common.

Stone Payton: And they don’t have a heck of a lot of it in a lot of cases.

Olivia Newell: Right, exactly. So there are small businesses and they’ve got tight budgets and they don’t know what to do with them. And, you know, most people think like, oh, I have to pay a big influencer to post about my product and I like to grow you guys organically. I think just doing things like being on the radio and connecting with your local small businesses and doing these pop up events is a great way for these women to network with one another so that way they can do future events together. One of the boutiques, Apricot Lane, that just opened in downtown Woodstock. We’re going to do a fashion show at the end of the year with her, and we’ll have the charcuterie girl that’s coming to the event and a couple other vendors. We’re all going to connect and do another event together. So it’s a great way for us to network and for them to grow organically without having to spend any of their marketing budget, right?

Stone Payton: Believe it or not, I’ve been to Apricot Lane a half a dozen times at you.

Olivia Newell: I don’t believe you hunt and fish.

Stone Payton: Well, my new criteria for doing most of my business is that it’s golf cart able and and for my I can take my golf cart and so I’ve been with Aunt Sandy. I she’s my sister in law. We call her Aunt Sandy. I’ve been with Holly. I’ve been with my kids.

Speaker4: I love that.

Olivia Newell: It’s a great store.

Speaker4: It’s so cute.

Olivia Newell: I wish I could live there.

Stone Payton: Plus, you can grab a coffee right there at Starbucks. And there’s a I don’t know if the co-working space is up and running yet, but the.

Speaker4: I don’t think so.

Stone Payton: The collaborative, I think it’s going to be there before Tilly’s. There’s a lot of cool.

Olivia Newell: Oh, and the Oyster House is coming.

Stone Payton: That is what I and I saw. They’re hiring, so they must be finally getting close.

Olivia Newell: They said October of 2023. I looked yesterday.

Speaker4: Oh, baby, I.

Olivia Newell: Know I’ll be the first customer. I love oysters.

Stone Payton: Well, you’ll see me there.

Speaker4: Absolutely.

Stone Payton: So coming from your consulting experience, coming from your actual in the trenches, been there, done that experience. As a small business owner, I’d love it if we could leave some of our listeners with a couple. I call them Pro tips. Right? So some do’s or don’ts, some things we should be reading just to begin thinking, you know, just to continue to to inform ourselves and influence our own thinking and sharpen our own our own tools.

Olivia Newell: Yeah, I guess some of the things that I could think of, as I said earlier, is don’t be in competition with anyone. Collaboration that’s going to be your best friend. Um, and just never say no. I’m a yes girl. I’ve taken every opportunity, whether it sounded great or not. I’ve got myself into some weird situations before. But no, I just like to think of everything as a stepping stone and you just never know. And also never burn a bridge. It’s good to keep all your contacts, you know, over the years because you might look back one day and need a recommendation.

Stone Payton: I think that’s marvelous advice. And in early in my career, I did burn a couple, and I really regret that. And for a long time now, I’ve worked very hard not to. And I, I agree. And we the answer, almost a mantra at Business RadioX is some form of yes, It might not be the yes the client wants. You know, they’re not going to get, you know, X at Y fee. Right. But we might be able to get them X at X fee and figure out a way to help them get most of what they want. But it’s you some form of. Yes.

Speaker4: Yes. And you got.

Olivia Newell: To bet on yourself, too. You know, no one else is going to do it. So take the risk, bet on yourself and you’ll be in good. You’ll be in good shape.

Stone Payton: All right. Let’s make sure that we leave our listeners with all of these great coordinates. I want to make sure they can get to the salon. I want to make sure they can. And in the hours and all with the with the pop up. And if they want to reach out and have a conversation with you about the consulting and, you know, maybe make sure and we’ll have all this published when we publish as well. But if someone’s just listening to this where they can start. Following you and tapping into your work. So whatever you feel like is appropriate, let’s make sure they have those coordinates.

Olivia Newell: Yeah, absolutely. So the pop up event is Saturday, October 7th, from 6 to 8, and it’s going to be located in the parking Lot of Theory salon. It’s at 12926, Highway 92. And again it’s near it’s just past the Walmart on 92. And before you get to the Lucky’s beverage on the right hand side, you can buy tickets for the event on our website theory Dash, Salon.com. And if you want to follow me on social media, I’ve got two handles. One of them is Hair and Makeup by Olivia and excuse me. And the other one is constantly consulting.

Stone Payton: Marvelous. Well, Olivia, it has been an absolute delight having you in the studio.

Speaker4: Thank you.

Olivia Newell: I hope to come back. This was so fun.

Stone Payton: Well, keep up the good work. You’re absolutely coming back. We’re going to make that happen. And maybe on the next one, maybe. Or maybe as a recap from one of these pop ups or some of your consulting work, we’ll bring in a delighted client from your consulting work or maybe some folks at the pop up. And let’s give them an opportunity to to share their story and promote their work. So you and I are going to see more of each other, particularly as close as your salon is apparently to both the archery shop that I go to and a liquor store.

Speaker4: Exactly.

Olivia Newell: Yeah. You can’t miss us.

Stone Payton: All right, well, keep up the work. Thank you so much.

Olivia Newell: Thanks so much.

Stone Payton: All right. Until next time. This is Stone Payton for our guest today, Olivia Newell with Theory Salon. And everyone here at the Business RadioX family saying we’ll see you again on Cherokee Business Radio.

 

Tagged With: Theory Salon

Mariateresa Romeo with Cometa Coaching

September 28, 2023 by angishields

Mariateresa-Romeo-HVR-feature
High Velocity Radio
Mariateresa Romeo with Cometa Coaching
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

Mariateresa-RomeoMariateresa Romeo is an experienced executive coach and organizational behavior professional. She specializes in individual and team performance improvement, executive presence, effective business communication, leadership development, emotional intelligence, and intercultural fluency.

After achieving a Master’s degree in Science of Communication for Business and Organizations from the University of Rome “La Sapienza,” Mariateresa worked in the corporate world for over 20 years as a management consultant.

She has supported several leaders at European and US-based companies, managing strategic initiatives for operational effectiveness and organizational changes. Mariateresa is an ICF-certified Executive Coach (EEC – Milan, Italy), Emotional Intelligence Leadership Coach and Assessor (Six Seconds North America), and Neuro-Linguistic Master Practitioner (NLP University – California, USA). Cometa-Coaching-logo

Since 2015, she has coached clients in various occupations and organizational levels, including high-potential employees, entrepreneurs, and Executives.

Through her coaching and training programs, she helps them get clarity on who they are and what they want out of their life and careers. She also enhances their ability to connect, communicate, and inspire others, discover and use their talents best, and improve their wellbeing.

Mariateresa is originally Italian, and she lives in New York City. She is an art enthusiast, a cellist, and a lover of the sea.

Connect with Mariateresa on LinkedIn.

What You’ll Learn in This Episode

  • How coaching works
  • How do you know if coaching is good for you
  • The difference between coaching and therapy or counseling
  • How to choose the right coach

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: Broadcasting live from the Business RadioX Studios in Atlanta, Georgia. It’s time for High Velocity Radio.

Stone Payton: Welcome to the High Velocity radio show where we celebrate top performers producing better results in less time. Stone Payton here with you this morning. Please join me in welcoming back to the Business RadioX microphone with Komeito Coaching LLC. Ms Mariateresa Romeo. Welcome back.

Mariateresa Romeo: Thank you, Stone. Thank you so much for having me again. Good morning, everybody.

Stone Payton: We’re delighted to have you back on the show. We wanted we had Maria Teresa on a on the coach the coach series. Go check out that interview if you haven’t heard that. But we wanted to get her back and kind of dive into some of the questions and considerations associated with engaging a professional coach. And of course, she is extremely well credentialed. She’s ICF certified and a bunch of other stuff that I’m sure she can she can share with us. Maybe a good place to start. This particular conversation would be just kind of a general overview of what coaching really is and maybe how it compares to therapy and counseling and consulting and all of that. And then we can kind of dive into how do we engage the the right coach for us. But how would you describe the the difference in what coaching really is?

Mariateresa Romeo: Yeah. I mean, this is the most common question actually, and it’s something that I usually clarify at the very beginning, very beginning of any coaching relationship with clients, because it’s absolutely important to set the stage and understand how we can work together. So the word coaching comes from coach and the the the word itself. You see, even in English, we use it to, to describe a means of transportation, right? We talk about the coach or the train, the coach with horses. So the reason why we use this word is because coaching means somebody who can help you go from one place that you don’t like it or there is no more in line with your needs, with your values. So situation you you don’t want for yourself anymore to a future say so. Another place that is more in line with what you want. So the coaching relationship is actually someone who drives you from one place to another place. And when I have to explain the differences between coaching and therapy, for example, because sometimes people get confused and they it happens that they ask me, I don’t know if if for this kind of problem I should go and hire a coach or I should go to therapy. So the first thing to clarify is that at in coaching, we have clients, we don’t have passion, right? So we do not substitute, we do not replace, you know, any mental health care. And most importantly, we base our work on the assumption that our client can be responsible for their choices.

Mariateresa Romeo: They can make decisions autonomously, so they can also project themselves in the future state and they don’t have any kind of mental issue. So we don’t try to solve trauma or addiction or mental disorder in general. And most importantly, coaching. The coaching process is usually focused on the present and the future. As I say before, I can help you move from a situation now that you don’t like to a future state. So it’s a very objective, goal oriented process. In therapy, you usually spend a lot of time also to digging in the past to understand the root causes. Yes, we can do some kind of exercise in coaching, but that’s not the main focus. Therapists are more focused on solving, you know, the root causes. So understand the past. For example, your family history, your relationship in the early stage of your life and try to fix them, to process them, to solve the present problems. So it’s a different kind of way of working. But as I say, the most important thing to understand is that, yeah, coaching, we deal with clients, we don’t have passion, so we do not prescribe, we do not we can suggest exercise of things to do. But again, the client is fully responsible. One of my coaching mentors gave me these examples here ago. And say it’s like a taxi. You you get you get in a taxi and say, okay, please, I want to go there. So you tell me where you want to go. I help you get there.

Stone Payton: How how do I know if and when I need a coach? Like, are there. Yeah. How do I. How do I know if I need one? And how do I know? Okay, yeah, I probably do from time to time. But when?

Mariateresa Romeo: Mm Yeah, that’s a very, it’s a very nice question. You know, usually, um, there is a, there is an approach actually there is a easy technique that I find very helpful in several situations. So, um, I will say the starting point is that you want something, you want to achieve something, whether it is in professional or personal life. So if you take a moment and think about what you want to achieve, the first question is to ask yourself, Is that clear to me? I really know exactly what I want when I want to achieve it. And if so, how do you think you you have a strategy or you are capable of defining your plan to get there? Do you think you have the resources? Do you think you can work on it? Um, the other question is do you feel you deserve. So what are some of the feelings around this specific goal specific situation? Do you feel you, you really are passionate or, you know, you feel some resistance, some self-doubt, other stuff that, you know, you might need clarify from an emotional standpoint. So if you try to really give an answer to those easy questions and if the question is yes, so you have a clear idea what you want when how you don’t have any particular you don’t see any particular obstacle for from an emotional standpoint, you feel motivated to get there most importantly so you know that you can do it. You can commit yourself to achieve this goal.

Mariateresa Romeo: Well, you don’t need a coach. You have already everything clear. You have the resources and you can manage it by yourself. But if you think the same situation and you start saying, for example, Oh, you know what, I don’t know how much I really want this, or maybe it’s not clear how. So I know what I want, but I know I don’t know how or yes, I want it, but I have some self-sabotage issues, for example, or deep inside I start working on it, but then I give up or I get back to the previous habit, whatever it is. So if you see any issue, that’s that’s the good way to say, okay, I need a coach because a coach is someone who can help you achieving your goal so it can help you clarify who you are, what you want out of your life, your career or in a specific situation can help you remove your emotional roadblocks, can help you work on the sabotage, can help you project yourself in the future and come up with a plan, you know, in retrospective. How you can get there can help you understand what are resources that you have right now, or what are the skill that you might need and can help you develop those skill, especially if we are talking about, you know, relationship or communication skills. So to me, this is the yeah, the universe or the landscape where a coach usually operates.

Stone Payton: It sounds like one of the most important foundational pieces of working with a coach is that is this clarity, right? Like getting very clear about what you want? Because I know for speaking for myself personally, sometimes I’m a little bit like a squirrel chasing down shiny objects, right? And so and I get very clear and intense on something for a little while and then maybe jump to something else. But it sounds like that that’s a very important early step in the process, this clarity, isn’t it?

Mariateresa Romeo: Yeah, yeah, absolutely. I mean, my approach and this is not only my approach, because this is something that ICF certified coach or at least, you know, coaches who have done a lot of training learn since the very beginning is that the initial part of the process is mainly focused to clarify the goals. So make it clear not only to the client but also to you as a coach, as you can really understand what is exactly where the client wants to go, essentially. And that initial part, I will say, if you do it very well, if you have the client, clarify very well what they want exactly and when and how you have done most of your work right, then the next step is to clear the road of any roadblocks or emotional things. But yeah, as I say before, I mean, if I get on a taxi and I don’t know where to go, I cannot complain with the taxi driver. No, right. Or I cannot complain with anybody. So that’s the thing. The first step is the is the goal. And the other thing that I always highlight in my initial conversation with clients is that we usually say no gap, no coach. What does it mean? It means that if you don’t think that if deep inside you feel or you think there is nothing, you have to change in your life. And at the end of the day, yes, you might come to me and complain about the situation and say, I don’t like it, I’m tired of my boss or I’m not satisfied with my career, whatever it is. But deep inside, at the end of the day, you are comfortable with it. You don’t want to change it. There is no gap. So there is no a future stay because you are not willing to change.

Mariateresa Romeo: At the end of the day you are just self complaining. So coaching in that case can also help you clarify. That is not so uncommon that people come to coaching saying, Oh yeah, I want to revamp my career or I want to have a better habit and be a management better my manager, my work life balance better. But at the end of the day, they enjoy what they are doing, even if there are some ups and downs and they are part of the life, it’s okay. They are okay with what they have. So one of the thing that really coaching can bring is clarity. It’s clarity. It’s clarity about what you want, it’s clarity about what you feel. And I think it’s important. It’s an important step and sometimes you need an external help. I know people might come and say, Oh, you know what? I can do this by myself. I can, you know, sit down and write down my thoughts or whatever. Meditate. Yeah, absolutely. All those kinds of stuff are extremely important. But the coach is also a professional, somebody who can help you with your neuroplasticity. So your ability to develop new neural networks, that means which means see situation from different perspective and most importantly, finding new way to solve your problem. That’s what we do at the end of the day, right behind the scene, the work that we do, that’s the thing. So that clarity can come from a real coaching process where you sit down with somebody, you talk to them, and most importantly, you engage yourself in that relationship because it’s a it’s not only having someone to talk to at the end of the day. It’s a process.

Stone Payton: What a great way to to frame all of this. One of the phrases that you mentioned was clear the road. Could you share like an example of what clearing the road might look like for someone?

Mariateresa Romeo: Yeah. So I’m I’m an emotional intelligence coach. Also. I’m certified in emotional intelligence. So most of the time. Oh, that’s a good example now that I’m thinking about it. You know, when you know that you have to do something like, for example, my doctor told me that I have to lose weight or even if I don’t have a doctor’s prescription, I would like to look thin. I would like to have a better a healthy life, whatever it is. And so you know exactly what to do. You know that you have to sleep more. You know that you have to drink more. You know that you have to exercise at least one hour a day. Maybe you can go to a doctor and get a better diet and say, okay, I have to eat more healthy food so you know what you want. And you say, okay, I don’t need a coach. Right? But the moment you start, you start doing it at the very beginning and everything is fine. You feel energized and then maybe after 1 or 2 weeks, you see, for example, I know that I should have my exercise now, but yeah, no, I’m going to stay on the couch and watch TV instead. Oh yeah. Yes. I really promised myself that I would never drink a lot. But you know what? Yeah. Let me get grab some drink. So whatever it is. So you get back to the previous previous habits or you are not consistent most of the times.

Mariateresa Romeo: And I don’t want to generalize things, but what happens is at least what I experienced in my, in my career as a coach is that there are some emotional roadblocks. So from a cognitive standpoint, from a rational standpoint, you are on it. You know what you want. You know how to how to get there, you’re fine. But from an emotional standpoint, there is some resistance. So, for example, you don’t feel joy, you feel a kind of sense of frustration. You are you know, you are you are having a moment in your life where everything is you have you have, you have, you must. But what is that you really want? So clearing the road for me is also working on those kind of underlying aspects that are not in the surface. Like, you know, like the iceberg. You see the top of it, but you know that below the water, under the water there is a lot. So the coach is someone who can help you get there. You can help you show. Okay. What are some of the feelings associated to this coach and how can you navigate those feelings in order to, of course, achieve your goals? But for example, at the same time, honoring other needs that might be on the way in this moment cannot help you to get there.

Stone Payton: So I know that there are quite a number of people in the coaching profession. I know that some are very well credentialed, others are not. Here in little old Woodstock, Georgia. There are a couple of coaches in some groups that I’m a part of. But how how can I increase the chances of choosing the right coach for me and what I’m trying to get done?

Mariateresa Romeo: Yeah, that’s a very good question. So first of all, I have to admit that the word coach is overused, right? People call themselves coach for everything. It’s user. And also not only in our professional coaching environment. You use the word coaching in the sports entertainment. You know, you have your acting coach if you want to do that kind of career. Um, so the to me, what I usually recommend the client is to first of all verify their credentials in terms of not only if they are certified but also the, the study, you know, their education, their certification, because as I say before, effective coaching is not something that you improvise. It’s not something it’s not just because you are good at talk to people or you are good at listening to people. You can be a coach. I mentioned before that we we really work on the way people behave and most importantly before that, we work on the way you see things that we work on, your languages. We essentially stimulate the neuroplasticity. So that’s the way to the first step to me is understand this person, where they come from, do they study and yes, what what type of study, what type of certification. And as I said, a very good coach is not somebody who just sit there and listen to you or give you some advice. That’s not it’s not it’s somebody who leverages some techniques, somebody who can really master what we call the powerful question that are those questions can can help the client having this kind of aha moment and shift perspective.

Mariateresa Romeo: So important thing really, one of the first thing is the education. The second thing is that it coach at the end of the day have his own specialty. Usually you can work on everything as long as it is in the area. In the space of the coaching, as I say, is not therapy. So but at the end of the day, for example, myself, I specialize in business and executive coach, but it is the result of my life. I’ve been in the working in the corporate environment for more than 20 years, so I don’t have to be an expert. That’s the thing to become a coach. So one of the most common mistake is that people say, Oh, have you done this in the past? Have you had this kind of situation in the past? No, I don’t have to. I don’t have I’m not a consultant, so I don’t have to be a subject matter expert in your specific problem. But what I found, at least for myself, that really helps is the fact that since I’ve been in the corporate environment for 20 years, years, I really can speak my clients languages. I don’t. I easily get what they are going through. I really understand the dynamics and then the even the wording they use, the way they frame things. So that can also help sometimes, you know, you might want to look for a coach who specialize in that specific topics or in the area if it is more a life coach, is a more a career coach or executive.

Mariateresa Romeo: Um, and the other most important thing is that the credentialing and most importantly the ICF, because I personally think that you need to have a code of ethics and this and you need to work according to a standard that are acknowledged and recognized internationally. I know that most of the coaches do not agree with me. In fact, there are a lot of coaches out there that are you know, they call themselves coach, but they do not adhere to any kind of professional association. But my own perspective is that you need that because the client needs to know what to expect from you, needs to know that you have a code of ethics, that also there is a kind of control over your practice in order to avoid fraud. Any kind of risk. And I think it’s important. So, yes, as a client, I will look at those kind of stuff. And the other thing and to be honest with you, I share this in full transparency and look at do a couple of sessions. If since the very beginning you really feel listened, you feel that this is the thing for you. You feel that you get out from that conversation and you feel comfortable, you feel empowered. Or even if you, you know, had some difficulties, you have that the feeling that this this person can help you.

Mariateresa Romeo: That. That’s the thing. I think that is also important. In fact, my personal approach with clients is that I don’t sell packages right away. I always give them one session to try. Yeah, you you pay me only for one session. After that session, you can decide if you can if you want to move forward and continue or not. Um, because, you know, at the end of the day, ICF defining coaching as partnering with clients. So it’s a real relationship and you might have a good coach in front of you, but from for some reason you might not feel this is the right person for you. It’s like dating somehow. Wow. So there is that kind of connection that needs to come out. And if you don’t have that, that’s absolutely fine. It doesn’t mean that was a this person was not a good coach. It means that it’s not a good one for you. It’s like dancing. You might want to have a good dancing partner where it is. There is this kind of vibe and, you know, so yeah, my suggestion, my recommendation is always to at least do 1 or 2 coaching sessions to try and see if you really feel that’s the right type of work, the type of communication, the relationship the you have with this person. This is what you what is in line with who you are at the end, you know, you feel comfortable with and then you can move forward.

Stone Payton: Yeah, no, that makes a lot of sense. Okay. Before we wrap the last topic I wanted to try to touch on is setting expectations for and measuring. And I guess in the final analysis, evaluating the return on investment that you’re getting from the coaching that you’ve engaged.

Mariateresa Romeo: Yeah. Yeah. This is a, um, actually a topic that goes back very often, especially when you work with a corporate environment. Because of course, if I have a private client, a private client, they can easily understand the return on investment because the relationship is just between me and you. We define the goal at the very beginning and then it’s easy for you to understand if you are achieving that goal. Yes or not, in the corporate environment, it’s a little bit difficult because you might need to work with several people at the same time and the company needs to evaluate the overall investment, right? They are paying, for example, a coach to do coaching on an entire team of people or on ten different employees within the firm. However, the the the principle behind is that since coaching is an objective driven process, again, if you define since the very beginning what is that you want to achieve but also what will make you say that it was successful because sometimes you can have a goal but it’s too, you know, not easy to define. And that’s the thing. You can work on that goal, but at the end of the day, you might get to a point and you can ask yourself, Am I doing what I really want? Or me as a coach, I might ask myself, Is the client getting what they want here? So what I do is usually define the goal in a very detailed really.

Mariateresa Romeo: And I usually ask my client this question What will make you say that this coaching process has been successful? And then during the process, the beginning of each session, I usually check in on that goal because it’s something that it might change for some reason, or the client might change idea, but we need to be on the same page on what you want to achieve. So it’s not just going there and talk to a coach and tell and tell them what happened to you this morning. It’s not that it’s a coaching session. Need to have a structure that is focused on achieving that goal and make it measurable, making giving the client the perception if they are achieving that goal, yes or not, in every single session. So that’s the other thing, because that’s one of the reasons why that you do not improvise coaching because it’s something that is very, um, you need to have a technique, you need to have a methodology behind. In this way, you always have the feeling and the perception if that you are achieving your goal, which means you are getting a return on your investment, you are spending your money well, at least for what you expected.

Stone Payton: This has been fantastic. Pure gold. I’m so glad that we set up the time to have this conversation and dive into this topic. Specifically, what is the best way for our listeners to reach out and have a conversation with you or someone on your team?

Mariateresa Romeo: Oh yeah, absolutely. It’s via my website that is w-w-w Kometa coaching.com. Actually in the website you can book a discovery call with me that is absolutely free. It’s just, you know, an open conversation to understand if I can help you, if I’m the right coach for you, etcetera. And also you can eventually book a coaching session at what I call the single laser focus session. Sometimes people do not need a process. They might have a specific situation, a very hard conversation or speaking engagement, something they need to solve right away. So they need a coach to prepare for that kind of engagement, for that kind of event. So I give the opportunity to people to reserve a slot for me. Maybe it can be 60 or 90 minutes to have a laser focus session on a specific topic and that’s it. There is no additional commitment. You can do this via my website and also you will also find a website, all my contact information in case you want to send an email, set up, a different appointment, whatever you need.

Stone Payton: Okay. And that website address one more time.

Mariateresa Romeo: W w w Coach the Coach dot com.

Stone Payton: Well, Maria Teresa, this has been marvelous. Thank you so much for investing the time with us. Keep up the good work. The work you’re doing is so important and we sincerely appreciate you.

Mariateresa Romeo: I really thank you for having me. It’s always a pleasure having a conversation with you. So thank you so much.

Stone Payton: Absolutely. My pleasure. All right. Until next time, this is Stone Payton for our guest today, Maria Teresa Romeo with Kometa Coaching LLC. And everyone here at the Business RadioX family saying we’ll see you in the fast lane.

 

Tagged With: Cometa Coaching

BRX Pro Tip: Ways Your Chamber of Commerce Can Leverage BRX

September 28, 2023 by angishields

BRXmic99
BRX Pro Tips
BRX Pro Tip: Ways Your Chamber of Commerce Can Leverage BRX
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

BRX-Banner

BRX Pro Tip: Ways Your Chamber of Commerce Can Leverage BRX

Stone Payton: [00:00:01] And we are back with BRX Pro Tips. Lee Kantor and Stone Payton here with you. Lee, let’s talk about some ways that your local Chamber of Commerce can leverage the Business RadioX platform.

Lee Kantor: [00:00:13] Yeah, the Business RadioX platform is really a gift for Chambers of Commerce because we get to tell the stories of a business that is happening in their community that they can, then, share to people thinking and moving here. It helps get the word out for their local members. It just really helps them kind of validate how good of a market it is in that city, or county, or region, or wherever that chamber is serving.

Lee Kantor: [00:00:41] So, we should be the best friends to Chamber of Commerce. I highly recommend building relationships with your Chamber of Commerce, and figuring out ways to work together. We add a lot of flavor to events and conferences they do by interviewing some of the participants. We add a lot of value to their members. We add a lot of value to their sponsors. And Chambers of Commerce are really good wingman for studio partners to help get in front of the people that they need to get in front of in order to sell shows and sponsorships. So, it’s a very symbiotic relationship. It’s win/win for everybody. So, I highly recommend getting to know your Chamber of Commerce and them getting to know you.

 

Anne Hamer with Taylor, Bean & Hamer

September 27, 2023 by angishields

Anne-Hamer-HVR-Feature
High Velocity Radio
Anne Hamer with Taylor, Bean & Hamer
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

Anne-HamerAnne Hamer focuses her divorce practice on high asset, high conflict cases. She believes that divorce should be handled with professionalism and discretion, and works to diffuse destructive, expensive tactics from overly aggressive opposing counsel, always aiming to maintain the clients’ privacy while preserving assets for settlement. Anne draws from her extensive litigation experience, as well as her work as a trained mediator, to obtain results her clients can not only live with but live well.

Raising her two children as a single mother has taught her many life lessons that go beyond traditional legal services. When it comes to parenting, winning an argument or dispute is not always the most important goal. Serving a child’s best interest can require standing up for what is right or reaching a smart compromise. Either way, guiding parents through these mine fields is very rewarding. Anne works with her clients to develop parenting plans that allow the children to thrive in a new family structure.

A nationally recognized speaker for family lawyers, Anne was recently invited to present to the ABA Family Law Section Spring Conference. She has taught continuing education seminars for the Memphis Bar Association, American Bar Association and Tennessee Society of CPAs. Anne has successfully completed the prestigious ABA Family Law Trial Advocacy course at the National Institute of Trial Advocacy and was a member of the inaugural class of Tennessee Leadership.

She currently practices law in Memphis at Taylor, Bean & Hamer and in Nashville at Wicker, Smith, O’Hara, McCoy and Ford, PLLC. Anne co-founded and successfully grew the family law department at Wicker Smith in Nashville to a regionally recognized practice.

A leader in the legal community, Anne is a 2022 inductee to SuperLawyers. She served as chair of the Family Law Committee of the Memphis Bar Association in 2012. She is an active member of the American Bar Association, the Nashville Bar Association, the Memphis Bar Association and the Association of Women Attorneys. Taylor-Bean-Hamer-logo

Anne served as the Social Committee Co-Chair of the Memphis Bar Association in 2020 and on the Family Law CLE Committee of the Nashville Bar Association in 2019. Anne is active in her community as well, focusing on her children’s education and working to help provide quality public and private educational opportunities for children from all backgrounds.

She has served on the Diversity Committee and as a Family Liason for Hutchison School and as PTO Treasurer for the Germantown Municipal School District. In 2021, she chaired a congressional campaign for Tennessee’s 8th Congressional District. She served on the Committee to Re-elect Judge Robert Weiss in Memphis.

Anne firmly believes that financial contributions go hand in hand with volunteer responsibilities. Before becoming a family law attorney, Anne practiced with Bass, Berry & Sims, PLC in Nashville and Wolff Ardis, P.C. in Memphis, handling complex commercial and products liability litigation.

She graduated from New York University School of Law in 1996 and magna cum laude from the University of Tennessee in 1989, where she was a member of Phi Beta Kappa.

For fun, Anne travels with her two daughters, both of whom are adopted and Hispanic. They travel to Mexico annually to foster the girls’ relationships with their birth families, practice Spanish and experience the rich Mexican culture

Anne spends her free time driving to her girls’ athletic and social events and playing tennis. She loves Napa Valley, New York City and snow skiing anywhere. Her new favorite exercise is lifting barbells. She also enjoys golf and tennis.

This transcript is machine transcribed by Sonix

TRANSCRIPT

Intro: Broadcasting live from the Business RadioX Studios in Atlanta, Georgia. It’s time for High Velocity Radio.

Stone Payton: Welcome to the High Velocity radio show where we celebrate top performers producing better results in less time. Stone Payton here with you this afternoon and you guys are in for a real treat. Please join me in welcoming to the broadcast with Taylor, Bean and Hamer, the lady herself. Ms. Anne Hamer, how are you?

Anne Hamer: Hi, Stone. Thanks for having me.

Stone Payton: Oh, it is a delight to have you on the show. I’ve really been looking forward to this conversation. I have got a thousand questions. I know we’re not going to get to them all, but I think a good place to start would be if you could articulate for me and our listening audience, mission, purpose. What are you and your firm really out there trying to trying to do for folks?

Anne Hamer: Well, Stone, you know, I’m a family law attorney and that’s a nice way to put it. I’m a divorce lawyer, But of course, we do care about the whole family. It’s not just getting people divorced. There’s children involved oftentimes. And once people do divorce, they can still be issues that come up and we handle those. I would say that our firm purpose, obviously, is to help our clients get through the divorce, create the kind of life they want to see for themselves after the divorce, reestablish themselves financially career wise, create a new parenting paradigm that works for them. And that’s that’s what we do. We like to we like to think of ourselves as holistic divorce lawyers because we want all that to happen and we want to be as integral a part of that as we can because we have so much experience with it. My personal purpose, ever since I became divorced, is to help people through what I personally found was the most challenging experience I’ve ever had, literally the most challenging experience of my life. And once I went through it as a divorce lawyer, I changed my entire attitude about my clients, the way I practice law, my commitment to it. I just exponentially felt much more committed. And I do believe that it’s my life’s work to help people get through a divorce and get on to the new and great part of life that’s coming after.

Stone Payton: Well, you’ve touched on part of it already, but what is the full back story? How does one find themselves in a position of being an attorney and specializing in this particular arena? What was your path?

Anne Hamer: You know, I’m glad you asked me that because I was at a conference this weekend talking with a lot of different women, divorce lawyers in particular. I think women are drawn to the divorce law profession because it’s something that works well with a lot of other responsibilities. You’re not staying up all night at a big firm working on taking a company public. You’re not getting ready for trial every other day where you’re going to be in trial seven, eight weeks on some kind of SEC action class action lawsuit or something like that. And you can be the master of your own destiny. With regard to how many clients you take, how much you want to work, what what kind of complex complexity to to bring to your cases. If you want to do the high asset, high conflict divorces like I do, that’s an option. You certainly get remunerated very well for that. But if you want to take more of a small town low key approach, you can you can do that too. So it’s it’s been a great career for me as a as a woman. I think the men who go into it, you know, it’s very financially lucrative and you can build your practice to be as big as you want it or keep it as small as you want it and serve your clients in a in an easygoing manner. Or you can be a bulldog and, and make it super intense. So it gives you a lot of flexibility. And of course you can you can open up your own shop, be your own boss, and you don’t have to work in a big firm. And I think that for me is one of the big, big draws.

Stone Payton: So let’s dive into the work a little bit. I’m really interested to know about conversations or like the I’m from the training consulting world, so I would call it an engagement. It’s probably a different word for you, but like those first few conversations, like with the early part of your work with a client, how does it how do you start?

Anne Hamer: You know, it’s so hard. I had two initial consultations yesterday, and I can tell you both of them after I get done just listening. It really takes it out of me because when they come in, they’re so emotional. There’s always tears at men or women. People are just so disappointed with with the thing that’s happening to them, whether they’re the one who caused it or whether they’re the one who wants it or they don’t. It’s just even if, you know, you want to get out of a marriage, it’s. Still horrible for you to do so. So those initial conversations, I start by just listening and trying to understand the emotional framework behind what’s going on, and then I try to give them some peace of mind to what the process is going to look like. But it is very hard for people to take their whole life and shove it down the funnel of the law and have attorneys come get involved and dig into their personal finances and their their personal choices in life. It’s just it’s heart wrenching to watch it happen to them. I try to make it as painless as possible, but it’s like surgery.

Stone Payton: So on the other side of that coin, you’ve been at it a while. I can tell that you do have a passion for the work. I can see it in your eyes. I can hear it in your in your voice. What do you find at this point? What are you finding the most rewarding? Like what? What do you enjoy the most about the work at this point in your career?

Anne Hamer: I’d say there’s two things. I absolutely love it when I get someone divorced and they’re done and they’re happy and they know that they’ve got some financial backing to go forward and either recreate their life or start building a new. I love being able to push people into that next step. So yeah, that’s that would be one of the things. But I also really enjoy the strategy behind it. I love the strategy behind it. I love being able to meet with the clients, explain the law to them. Sometimes they don’t like what they have to hear, but we do have to work within that. The parameters of what’s legal, what courts have done, what courts will continue to do. And I do enjoy meeting with them and getting to discuss that with them. And we strategize about how to best use their resources because some people don’t want 120, 200, literally $500,000 trial. Some people do. And and working with them to figure out how much are they willing to fight, how much do they want me to negotiate so we don’t have to spend their resources that way? That to me is very rewarding as well. If I can get them the result they want that way, it’s super rewarding experience. The more money I can save for them, honestly, the better. I love to try a lawsuit. I love to be in front of a judge. I love to get ready for court. All that is is very appealing to me as part of my career. But looking at my clients in the eye to tell them you probably shouldn’t spend your money this way is something that I that I take very seriously as well.

Stone Payton: I got to believe that at least early in the client relationship, you run across probably pretty consistently some pretty widely held. I don’t know what the right word myths, misconceptions, you know, maybe it’s I can tell you this. Everything I know about the law is what I see on television, right? Like Perry Mason or Law and Order. Are there some kind of consistent prevailing misconceptions or things that people just that’s just not how it works, guys kind of thing?

Anne Hamer: I think so, yeah. I think and I think people make up their own as they go along, you know, while it’s just not fair that I have to pay that alimony, well, it’s not fair in your mind, but it is very fair to this judge who’s going to make you do it. It’s not fair that I’m going to have to drive carpool two days a week and he’s only going to have to drive it one day a month or whatever that is. They make those up in their own mind. And I do think. Our judges really encouraged the clients to come to court. I think it’s something they maybe have started recently teaching in Judge School, but if the clients would get into the courthouse and see how long we actually just sit around waiting for the hearing to start, how much money they’re spending to have me down there waiting for the judge to tell me. Well, Ms.. Hammer, you know, I don’t agree. So you can just go back and tell your client no. It’s very helpful for them to see that. It’s not like suits. Okay? It’s not all it’s not all fun and games.

Anne Hamer: A lot of it’s sitting around. You know, you have to get to know your judges. You have to get to know opposing counsel. I think one thing my clients always think is that I’m supposed to hate opposing counsel. It’s just not true. We all work together, right? So we see each other. It’s like Wiley Coyote and that sheepdog on the cartoon. Well, you’re down there in the courthouse day after day. We sit next to each other. We go up on different cases every day. So we don’t hate the other attorney. I’ve learned not to be super nice to him in front of my clients because the clients think you’re working behind their back, things like that. And that’s just not the case. But when I watch suits or when I watch Law and Order, you know, you see the DA and the public defender kind of squaring off and we do that in front of the judge. But the rest of the time it’s pretty low key, pretty low key. Not everybody now can get along, but most people do.

Stone Payton: So this might be a little tactical and too case specific, but I am curious because it represents a situation I could be in. I certainly hope not. But privately owned business. Like how do you divide something like that up or do you evaluate it and then give a cash alternative? Like how does that kind of stuff work?

Anne Hamer: It’s pretty tricky. You evaluate it and you get to a cash alternative. Now, sometimes we have husbands and wives who work together.

Stone Payton: Oh my.

Anne Hamer: And oh yeah, we do. And they can continue to work together. I’ve had I’ve had husbands and wives continue to work together in the business post-divorce without problem. It’s but but typically we go to an expert who will give you a valuation for the business. The hard part is when, when and I was working with a client on this yesterday, when I’ve got a client who needs a lot of cash resources to be able to run their business, they’ve got to have that cash flow and now they’re going to have to buy somebody out. Where does the money come from? And so we can kind of structure those over time. It’s a buyout over time because a lot of people do not have the cash just sitting around without selling their house or liquidating some other big asset a lot of people do. You’d be surprised. But yes, with a with a closely held business and there may have never been an appraisal done. There may have never been an offer made on that business. That person probably never had an intent to sell it or thought about what it was worth. Another thing people who own their own businesses need to think about is the kind of expenses you’re running through. Your business will come up. So I’ve had a client come in with nothing but the cell phone and his advertising running through the business. I love that guy. Right. Because he’s so on the up and up. But a lot of people are running their full on wardrobe or their mortgage or all sorts of things that go through that. I say, well, that’s going to come out. I mean, the opposing counsel is going to see it. So you do need to be a little careful about how you run, how you’re operating your business and who’s going to be looking at those documents if you find yourself in a divorce situation.

Stone Payton: So if you’re finding yourself in a divorce situation, and particularly if you’re in business, but I guess this would apply to anybody, is there some rule of thumb or what’s practical in terms of a set of financial goals related to the settlement or related to the divorce? Because I mean, I’d like to think that I just want everybody to win. And, you know, and let’s get through this. But should it be like, I don’t know.

Anne Hamer: Well, sure. So it just depends which side I’m on. If I’m representing the breadwinner, my goal is to keep them as as wealthy as I can, make sure they come out as close to 5050 as possible. This is assuming it’s a long term marriage and that all the assets are marital and set them up so that they aren’t strapped for cash in the future so they can rebuild, especially if they do own their own business because there’s child support to be considered too, on top of alimony if alimony is going to get paid or if there’s some long term payout that that was a part of the property division. Now, if I’ve got the non income earning spouse or the low income earning spouse, obviously I have a very different strategy, which is going to be let’s get her as much as we can and not to be sexist, but still in this day in America, that typically is the woman, not always any more. And women are driving divorce rates. Now, I think I just saw a statistic. Maybe 60 to 70% of divorces are instigated by women now, which they never were that high in the past because women are making their own money. So when you have a divorce where the parties are in economic parity, it could be either side, probably more likely the woman who’s going to initiate it. But my my goal, of course, we always think our goal is to get it done right. And 5050 is pretty close to right in most situations or maybe a little bit different depending on the earning potential and the earning power. But obviously my goal is to set everybody up for success when they get done.

Stone Payton: So how does the whole sales and marketing thing work for this profession and a practice like yours? Like do you find yourself or is there someone in in the firm that is going out and shaking the trees or is it all just referral based business or how does that work?

Anne Hamer: So it’s crazy. I mean, it’s to me being in the marketing and I’m the head of the marketing for our firm. It has changed so much. You know, my my law partner, Dan Taylor, has got 43 reported opinions at the Court of Appeals. He’s been doing this for 43 years. He’s had so many wins. His business all used to just come in off of his reputation. For younger lawyers like myself and my law partners, it’s a different deal nowadays. You’ve got to get your face out there. You have to be known. Your website has to be up to date. It cannot look old and fuddy duddy. You need to be getting in front of the public all the time talking about it, you know, and cities are so big and so diverse now that it’s it’s hard to just say, oh, I went up to the country club and I met a guy who’s getting divorced and he sent me, you know, his business. That’s just that still happens, but not the volume that it used to or in order to bring in the volume. You can’t practice law that way anymore. That’s how I’d put it. But the marketing is just crazy. I mean, you’re marketing yourself and the way we bill is by our time.

Anne Hamer: So if a client wants to hire me and they want me working on their case, that doesn’t mean my associate and that doesn’t mean my law partner and that doesn’t mean my legal assistant or my paralegal. They want access to me, but I only have 24 hours in a day. And some of those I sleep. So it’s kind of hard to to spread yourself around. And that’s where I see most with these sort of celebrity type. I call them celebrities because they’re such good lawyers and they’re and they’re so well known. But you do reach a saturation point where you just can’t give that attention to that many more clients. So the goal there is to build your firm to be giving the quality work that you would do yourself and give that to your clients. And your whole firm becomes known for doing quality work like that. And people feel very comfortable going to you knowing I might not get to talk to her, but once a week. But everybody else I’m going to have interactions with is somebody that I feel has my best interests at heart.

Stone Payton: Well, what’s coming into focus for me? I’m so glad I asked the question because I don’t think it really dawned on me, Well, you have to be really excellent at practicing your craft. Oh, by the way, you got to run this business, too. Yeah. Yeah.

Anne Hamer: And that’s a surprise for a lot of young lawyers when they go out on their own. I knew it was coming when I went on my own, and I wish I’d done it sooner. But at the same time, the startup is, you know, from from 0 to 60, you got to be ready to hit it hard with the websites and the and the constant information going out to the public on all the different ways you you market yourself. You can’t just go to the Rotary Club once a year and give a speech on updates on divorce. That’s just not it anymore. So yeah, it’s it’s intense. Running running your own law firm is very different from just getting to write the briefs and deal with the clients. It’s a whole different ballgame.

Stone Payton: Have you had. I’m sure the answer is yes. I guess I’d ask tell me a little bit about. But have you had the benefit of one or more mentors along this journey that kind of helped you navigate this terrain, especially early on?

Anne Hamer: I have I have I’ve had some really good mentors. I worked with Bob Walker at Bass Berry Sims when I first started out in the litigation department, and we had very, very high end litigation. I learned how to conduct myself with clients and with other fellow attorneys in a professional manner that I think gives clients a lot of confidence. And that was sort of an old school white shoe firm, and it was a great way to learn how to practice law in what I believe is the way it should be done. And after that, I went to work for a plaintiff’s attorney, Pat artist. And Pat was just nuts. You know, we were flying in private planes around the country trying to sue Ford Motor Company and and GM and all the big car companies. And that was a lot of aggression in in practice. And I like to learn in that side of it, too. So I would say yes to to be able to get those kind of mentors who were so good at what they did in very different types of litigation gave me a lot of understanding about how I would want to conduct myself when I had my own practice.

Stone Payton: And now that you do, you probably find yourself in some kind of mentoring relationships or at least filling that role to some degree now at being the mentor, right?

Anne Hamer: I do. I do. And I still have my own mentors because I work with two fabulous partners, Dan Taylor and John Bean. They’re both just such quality attorneys. And so for me, every day that I come in, I think I’ve got to live up to that caliber of practice. And and we do expect it from everybody in the firm. And I feel like everybody in the firm brings that to the table, whether it’s a legal assistant or a paralegal or another associate. I feel like they all understand that that’s how we practice here and that’s how it’s expected to be. And they they enjoy working that way.

Stone Payton: Before we wrap, I’m going to switch gears on you a little bit, if we could. I’m curious to know, and I don’t know where you would find the time and the energy, but I’m curious to know about what, if any, passions outside the scope of your work that my listeners know that I enjoyed. I enjoy hunting, fishing and traveling. That’s that’s that’s my thing. Is there anything you have a tendency to nerd out about that’s just well outside the scope of, of legal work?

Anne Hamer: I totally nerd out about golf. I’ve gotten so into it. I’ve got I’ve got all sorts of new clubs that I’m in love with. I’ve got a little four hybrid that is that I love and a new non-wood that’s teeny tiny. It’s so cute. And I’m killing it with that thing right now. So I’m in love with that. So golf is my nerd out and I do love to travel, but and I do find the time to do it. But it’s starting to get to be it’s going to be less and less time traveling, I’m afraid, unless I can come up with someplace to go where they’re also doing legal work.

Stone Payton: But I mean, it’s important, I think I think you would agree to I call it white space to those of us who own businesses and have that leadership role or just running just even a solo shop. I mean, you got to create a little white space and to be able to recharge and regain perspective, Right?

Anne Hamer: I agree. And if you don’t, you’re really going to burn out. I mean, I think people especially I’m 56, I see a lot of people around my age burning out. I had ten years that I took off in the middle when I was a stay at home mom. And I think I feel like that’s sort of the the Venus and Serena Williams tennis model. You know, they take some time off and do what they want to do. And then they were able to come back and have really successful careers later in in life later than any other woman tennis player ever was able to accomplish. So I do think the time off is key. And and you’ve got to do it or you’re not going to have the the bandwidth for your clients. Not in my not in my kind of practice. You’re just not.

Stone Payton: Was that a tough restart, like being out ten years and then coming back in that had to have some challenges associated with it.

Anne Hamer: It was it was really hard. And I will say it was very difficult, but I was so afraid if I didn’t go back that computers were just going to take over the whole thing and I wasn’t going to know how to use them. So I’m glad I did. You know, we’re so challenged now with AI coming up, how how is that going to affect our practice and what’s going to happen? I’ll just say we got to embrace it and learn it because it’s coming. You know, computers have definitely made the practice of law easier, but AI is coming and it’s going to change the whole game. So if you’re not in it now to win it and figure that stuff out, you’re going to be left behind. My thinking that’s the next big challenge our legal profession is going to face is how to harness that and use it the right way for our clients.

Stone Payton: I’m sure you’re right about that. I’d love to to leave our listeners with if we could. I call them Pro Tips, but what I’m after is just a couple practical, actionable things. Someone who may be in this situation or may be headed, you know, down this road, something to that. They should be reading, you know, some some some do’s, some don’ts or just anything even like for me, I don’t even know that I would even know what questions to ask an attorney I was considering engaging like I would be clueless. You know, any tips on any of that would be fantastic for me. Well, hopefully not for me, but.

Anne Hamer: Hopefully not for you. Yeah, sure. In fact, I’m glad you asked me that, because my. And this is true. This isn’t a setup. My book just came out this week on Amazon. It’s called I know, I know. I’m So excited. It’s called Fearless Freedom. And I wrote it for that very reason so that people could read it and understand the process of divorce before they go meet with their first divorce lawyer so they know what to pull together for the high income or, you know, the higher income earner and a family. If you’re miserable, go ahead and get out, because the longer you’re staying in that marriage, you’re just increasing the big Ole alimony target on your back. For the low income earner. I would say get your ducks in a row financially. Find out where the money is, find out how much there is. Figure out if you need to go get a job. I have people come to me and say, well, I’ve never worked and I know I’m going to get alimony. And I think my best friend told me I shouldn’t go get a job. I never encourage anybody not to work. It won’t matter. The judges are going to want to see you trying to do something. When I’m in court and I’m representing a woman who’s working 2 or 3 jobs just to make ends meet.

Anne Hamer: My judge is going to probably bend over backwards to get her whatever she needs. So I always encourage everybody, you know, go get what you need. Do you need to get finish your nursing degree? Do you need to get whatever skills you’re going to you’re going to need to move on with your life. Go ahead and do it while you’re married. And it’s getting paid for with marital money. If you’re really serious, you can make a plan to do it. If you read my book, you’ll know the financial information you need to pull together for your lawyer so they can look at your financial situation and give you some pretty good advice about that. But the other advice I’d give everybody know your finances don’t have a spouse who’s got a secret credit card you don’t know anything about. You need to know about that. Don’t let your spouse be taken out a lock on the house that you don’t know about you or don’t sign the tax return without reading it and looking at it and asking the accountant questions. You may not be ready for divorce, but you might be living in a marriage where your finances aren’t buttoned up. And the first thing you need to do is understand your 100% marital financial picture before you make any decisions about leaving. That would be my best advice.

Stone Payton: So what was the name of this book again?

Anne Hamer: It’s called Fearless Freedom. It’s called Fearless Freedom A Divorced Divorce Lawyers Guide to Divorce. So I kind of got divorced in there a lot. Maybe it’ll be an easy search term, but you can get it off my website. You can get it on Amazon. And and it literally just came out this week. I’m so proud and so excited. Well, I’m.

Stone Payton: Excited for you. So talk a little bit about the experience of writing a book. Did you find that some parts of it came together super easy, slam dunk and other parts like you struggled with a little bit?

Anne Hamer: Totally, Yes. The the parts that came easy to me were writing about the legal part of it. You know how to get your financial information, put together, how to meet with your attorney and talk to them about your goals, all that. That’s what I do, right? But the harder part was I did want it to be a self-help book because when I got divorced, several people brought me really good self-help books and I thought, I’d love to just put this all together and also have it be a normal self-help book and not goofy, not weird advice like go get a cat or do some gardening or stuff that I read that I thought, I’m not doing that. I might play more golf. So I, I want it to be both. And the self-help part is, is not natural to me to write or to research. So that that stuff took a little bit longer, like a list of things to remember to treat yourself better, stuff like that, that that was a little bit harder to do. But I hope it’s a great resource. I really think I really think it is. And I’ve had some fabulous attorneys review it for me and they loved it, so that made me feel really good about it. I hope it’s something that can make other people’s divorce situation better and easier.

Stone Payton: Well, it sounds like it’s a marvelous resource, and I want to make sure that our listeners are able to tap into your work and connect with you. I want them to have access to this book. I want them to be able, if they wanted to reach out and have a conversation with you or someone in the firm. So let’s leave them with with all of those coordinates, whatever you feel like is appropriate. Any of that contact info?

Anne Hamer: Okay, sure. I think the easiest way to get a hold of me is my website. It’s Ann Hammer law.com and it’s got links to to contact me. It’s got links to my firms and it will have a link to the book. So and it also has a lot of resources on the website as well as and when I say resources, I mean spreadsheets you can fill out that have your financial information on them. You can work on your monthly expenses. You can start coming up with your own division of property, things that let you really start thinking about what what your next steps are going to be if you do decide to go through a divorce.

Stone Payton: Fantastic. Well, and it has been an absolute delight having you on the show. Thank you for sharing your insight, your perspective. Keep up the good work. Don’t be a stranger. Keep us posted when you write your next book or whatever the next big thing is, or you you win that pro-am.

Anne Hamer: That’ll be the next thing.

Stone Payton: But this has been fantastic and we sincerely appreciate you.

Anne Hamer: Thank you, Stone. I really loved.

Stone Payton: It. My pleasure. All right. Until next time. This is Stone Payton for our guest today, Anne Hammer with Taylor Bean and Hammer. And everyone here at the Business RadioX family saying we’ll see you in the fast lane.

 

Tagged With: Taylor Bean & Hamer

The Wrap Podcast | Episode 063 | Seizing Opportunities in the Tech Industry | Warren Averett

September 27, 2023 by angishields

The Wrap
The Wrap
The Wrap Podcast | Episode 063 | Seizing Opportunities in the Tech Industry | Warren Averett
Loading
00:00 /
RSS Feed
Share
Link
Embed

Download file

Opportunities abound for technology companies, but in such a dynamic industry, how can business leaders navigate risk and plan for continued success?

In this episode of The Wrap, our hosts are joined by two of Warren Averett’s technology industry experts, Larry Pirkle, CPA, and Yogesh Patel, CPA, CFE, to discuss the challenges and opportunities affecting business leaders in the tech space. Listen in to learn more about raising capital and growing revenue, finding employees with up-to-date experience and protecting customer data.

In this episode, you’ll hear:

  • Discussion about raising capital and the impact rising interest rates are having on valuations
  • Advice for growing revenue and investing funds back into the business
  • Insight about the importance of product development for tech companies
  • How the advancements in AI are affecting the search for experienced developers
  • Information about SOC reports and whether they are a worthwhile expense

Resources for additional information:

  • Podcast: Episode 014 – Your Team’s Work Makes Your Dreams Work (Recruiting and Retaining Employees)
  • Podcast: Episode 039 – Why is SOC Reporting Important to Service Provider Businesses?
  • Blog: Every Financially Strong SaaS Business Model Embraces These 4 Vital Elements
  • Blog: Four Ways Technology Companies Can Weather a Recession or Economic Downturn
  • Blog: What is a SOC Report? (And Other Questions Answered About Your Internal Controls)
  • Blog: Five Key Considerations for Growth-Stage Fintechs
  • Blog: Guide for Software Companies Being Acquired by Private Equity
TRANSCRIPT

Commentators (0:02): You’re listening to The Wrap, a Warren Averett podcast for business leaders designed to help you access vital business information and trends when you need it. So, you can listen, learn and then get on with your day. Now, let’s get down to business.

Paul Perry (00:16): Everybody, welcome to another episode of The Wrap here at Warren Averett. We’re glad to have some of our friends with us today. I think this is Episode 63. Today, we’re going to be talking to folks in our Technology and Life Sciences Industry Group. They work with a lot of companies in that space, and we are so happy to have them here. Today, we also have with us a new co-host for The Wrap. I’m happy to have my friend Derek Johnson out of the Tampa office.

If you remember way back on Episode 14, we talked about recruiting and retaining talent. Derek, it is good to have you as a co-host today.

Derek Johnson (00:51): Paul, thanks for having me. I’m Derek Johnson out of the Tampa office. I’ve been here a little over nine years at the firm, spearheading the staffing and recruiting arm for our Florida operations. But enough about me, the stars of the show are both Larry Pirkle from our Birmingham office and Yogesh Patel from our Atlanta office. How about you to introduce yourselves for the show?

Yogesh Patel (01:16): Yeah, sure. Before I do that, I guess one thing I will bring up is… Larry, I think you and I share a big milestone here at Warren Averett. We’re 20 years in, so that’s exciting. It’s gone by fast. I think it’s a big milestone for us, and I’m excited that we’ve reached that. A lot of my time at Warren Averett is spent advising fast-growing companies, founders and CEOs from both early stage all the way to mature middle market that are typically acquiring or looking at some type of transaction on the horizon. A lot of the companies are backed by the growth equity firms or may even have a control investment by private equity. So that’s where I spend most of my time, Larry?

Larry Pirkle (02:00): You are correct, this is 20 years for me as well. It’s been fun, and it goes by quickly. But yeah, I also work with a lot of tech companies, emerging growth companies and private equity companies and their portfolio companies. I also have the privilege of leading our Technology and Life Sciences Industry Group.

Paul Perry (02:17): Gentlemen, sorry, but I’ll say it again. We’re really happy to have you all with us today and look forward to this discussion. So, let’s really jump right in. There are a lot of challenges and opportunities that these types of companies in this industry face that maybe others don’t. Today, we’re going to talk about some of those. I think one of the first ones we wanted to talk about—Larry, we’ll start with you—what challenges and opportunities are companies in the industry facing as it relates to raising capital?

Larry Pirkle (02:39): Yes, I think one thing that is facing the industry, particularly as it pertains to raising capital, could be the macroeconomics of interest rates increasing. If you look at the public markets as an indicator, we saw them decline significantly in 2022 last year, and then rebound considerably in 2023.

I think some are starting to wonder now if that rebound anticipated rates leveling means that they may start to come down sooner than they’re actually going to. It now appears that they’re going to come down. But I think as interest rates go, they have a direct impact on valuations and valuations can have a direct impact on raising capital.

Yogesh Patel (03:22): Yeah, I agree with you, Larry. I think raising capital in 2023 is a lot different than in 2021 and 2022. I think with a lot of our technology companies, a lot of technology is coming out there. What they saw was term sheets overnight in the last couple of years with high valuations in terms of growth equity firms and private equity firms willing to invest. We’ve seen that slow down a little bit right now.

Overall year over year, capital rates have gone down. Series A and Series B have gone down, and the valuations are becoming more realistic. I think that’s really part of the challenge right now. Then, you throw SVP and Signature Bank as well into the mix. I think access to capital continues to be somewhat of a challenge, since it’s more restricted right now than what we’ve seen the last couple of years. But on the flip side opportunity-wise, there’s still a lot of capital on the sideline.

For good, fast-growing companies, especially if you’re B2B or SaaS—high margins and high ARR—you’re going to be able to raise capital easily, I think. There are some higher valuations out there that are AR company-driven, but I think those are more outliers. For example, Series A raises roughly $2 to $4 million on average, valuing at $25 to $50 million. On the opportunity side, there’s still a lot of options out there in terms of meeting some suitors to raise capital.

Larry Pirkle (04:53): I think deals are still being completed. Maybe buyers are just being a little bit more cautious in this environment. At the end of the day, maybe the dial is just turned down a little bit, but it’s definitely not turned off.

Derek Johnson (05:07): That’s very interesting, guys. There are still some silver linings. There are some good things going on. In the meantime, what are these companies doing and what challenges are they facing trying to just grow their revenue and do good business?

Yogesh Patel (05:23): Growing revenue is—as Larry alluded to earlier on is at the top was just the macroeconomic conditions, right? I think if you are a B2B technology company selling to enterprise clients or any other type of business customers, the challenge in growing the revenue is: are you one of those application (like cloud apps) that are not necessary? It’s nice to have, but it’s not a must-have.

I think in these conditions that CEOs and CFOs are looking at probably 200 cloud apps, right? They have 20 of those that may need to be scrapped. So, ensuring that you’re not one of those 20 and that you’re continually developing the product and you have that must-have type of platform that your customers want.

Larry Pirkle (06:08): Yeah. I think revenues is something for companies in this industry to focus on historically. ARR (Annual Recurring Revenue) has been a significant factor in valuing these companies. So, it can be a great time to look to your customers, listen to their feedback and reinvest in some development of new features that meet their needs and really focus on revenues.

But at the same time, I think it’s also a good opportunity to focus on other things, such as your labor. It can be a challenging time right now to find qualified developers in this space. Inflation has affected salaries for the labor in this area. Then, there’s also the shift in more and more professionals in this industry working remote. That may be remote here domestically, but it may even mean that you’re working with developers across the globe.

Yogesh Patel (07:05): Larry, you just reminded me of something. In terms of growing revenues, Derek, you had mentioned that we see a lot of companies with a significant cash balance. I think it’s key to understanding, where do you invest that? As Larry mentioned, is it in development? Do you go out and look for a strategic target to acquire? There are different ways to grow those revenues, right? I think if you’ve got the cash or the ability to invest, making sure you make the investment in the right places is also key to growing the revenue.

Paul Perry (07:33): Yogesh, you mentioned product development. Let’s unpack that a little bit further, because I’m sure that’s another huge challenge and opportunity for folks in this industry that maybe other industries don’t have and don’t see. Can you go a little bit further on what those challenges around product development are that you haven’t already talked about and what they need to be thinking about?

Yogesh Patel (07:55): Yeah, sure. So, there’s Generative AI. Generative AI is a hot topic, right? I think product development-wise, it’s continuing to enhance the technology. It may not be Generative AI, but I think your customers continuously look for you to enhance your product and they expect that. So how do you do that? I think some of the things that we’re seeing is what Larry had alluded to as far as developers go.

You may have some great expertise in-house with the DevOps and with creating the platform and enhancing that platform, but you may not have anybody that has AI experience. Now, you’ve got to go out and find that talent, right? I think that’s one of the challenges that you see in terms of product development, making sure that you have the right resources in-house or whether you’re outsourcing as far as development goes and continuously looking for that as you grow the product.

Larry Pirkle (08:47): I think with product development, like Yogesh alluded to, new technologies are coming on the scene all the time. The big one that you referred to when Microsoft goes and invests in a ChatGPT, it gets on everyone’s radar. Suddenly, there’s a rush to AI. You see that in the public market valuations indicating the premiums that are being paid for that industry.

But technological change is the norm here in this industry. So, whether it’s AI right now or whatever the next thing is down the road in the future, this is a challenge. But also, an opportunity in this industry is managing the technology changes—not being caught by surprise—but embracing those, looking forward to what’s the next one and thinking about how you can leverage it and take advantage of that change.

Yogesh Patel (09:35): I think one good example is Bill.com. I think Bill.com has like a $12 billion market cap. They’ve been around for a while. Their technology’s been around for a while, but they still demand a high stock price. Why is that? They continuously enhance the product. So, if you go to Bill.com now, they’ve got some AI built in that technology and I think they’re going to continue to make investment in that AI.

QuickBooks is another one that’s continually enhancing the project product overall. These are just accounting and finance applications I’m giving examples of, but really, it’s across the board for any application for companies that use technology.

Larry Pirkle (10:17): Undergirding all this is that you’re trying to keep an eye on your competition by making sure your product stays current or ahead of what others in your space are doing. You see a lot of companies employing approaches where you try to get out a product quick to the market, some minimally viable products that you can get out quickly—either your initial product launch or even your subsequent development and enhancement, so that you can get out to market quickly and immediately start obtaining user feedback from your product that you then use to build the next upgrade to your product.

Commentators (10:57): Want to receive a monthly newsletter with Wrap topics? Then head on over to https://warrenaverett.com/thewrap, and subscribe to our email list to have it delivered right to your inbox. Now, back to the show.

Derek Johnson (11:09): Guys, talk about the constant change and development and redevelopment. You know, I just stretched back to episode 14 where Paul had me. You hear about retaining talent—Larry, you dipped your toe in that pool a minute ago—my staffing census started to hum in my head and all this development requires great talent. What are you guys seeing? What are your clients telling you? Larry, since you cracked that egg, why not go first and tell me, what are they seeing with the talent in their staffing situations? What are they up against?

Larry Pirkle (11:42): Yeah, I went through it quickly, but I think it is good to stop here, pivot and expand on it a little bit because I think it is important. At the end of the day, technology is all about those who are creating the technology. You’ve got to have the developers who are writing the code and developing the technology and like we mentioned, the labor market is tight in this area right now. So first, just finding good developers. I think companies are having to be creative about how they do that, whether it’s offshoring to other countries to obtain the right amount and the right skillset or a hybrid of U.S.-based and overseas, global-based developers. Also, that can have an impact on salaries.

You may get some salary benefit in other countries, but that’s another topic that has to be addressed and managed because salaries are increasing. As the demand for developers increases, the price for those developers is going up. Then, as you gain the benefits of more availability, maybe a little bit better pricing of salary level from going overseas, but then it creates its own challenges of managing remote workers.

You’ve got different time zones that must be managed. Even in the U.S., pretty much everyone went home for COVID. Companies are starting to reconsider that. Maybe it’s certain days of the week or a mandate to get more and more people back into the office. I think every company is having to think through: how do we manage our remote workers? Do they stay remote, or do they need to get back into the office?

Yogesh Patel (13:20): Derek, I’ll speak a little bit to what’s near and dear to your heart, which is finding the right candidate, right? In terms of aspects of a technology company that’s growing fast. A lot of times, it’s about asking the right questions when you find the right candidate. On paper, they have the right experience that you need, but it’s what are they really looking for? Because in a technology company, when you’re building the product as a $1 million company and building that technology is completely different from when you’ve built it and you’re now a $25 million to $50 million company.

What I mean by that is, the developer may be looking for a different experience. Maybe they already want a built product and that’s what they want to do in terms of moving forward, or they may want to build a product. I think it’s important to understand what they’re looking for to be able to make a good match. A lot of times, folks want to work at a startup, but what they really may be looking for is a Google or a Salesforce that has that work and play environment that’s already established versus a true startup where you’re just grinding it out, right? Trying to get to that 1 million ARR or 5 million ARR, it’s really a grind for companies to make it all the way up to that level when you’re first starting out.

Paul Perry (14:27): Larry, we’re talking about things that are specific to this industry. I know you and I have a lot of these conversations because of your clients, and you always talk to our group, Yogesh, as well. Every company in the world is quickly becoming a data company because we’re all holding information. But that’s at the core of what a technology company is, right? I’m sure that there are challenges that you see when you’re talking to your clients as it relates to how they verify and vouch the security of the data that they’re holding.

Again, everybody’s about to be in the space, but the technology industry really built this. We see a lot of things in the news about Google, Microsoft and GDPR over in the European Union. California’s got their privacy laws. So, what are the challenges you’re seeing with your clients as it relates to that verifying of the data that they hold?

Larry Pirkle (15:21): I think that cybersecurity and cyber-protection are very important, especially in the technology space. As you mentioned, you are holding your customers’ data on your systems and your networks. I think there’s at least two layers of defense. There’s the internal and the external from an internal standpoint. That can be everything from the applications and programs that you obtain to protect that data.

It can also be the people that you have, the security experts that you have in-house to make sure that you’ve got appropriate policies and protocols. I think more and more customers, while they may trust you, they’re being held responsible for verifying that trust. So, it’s not uncommon for a customer to call and say we need to see your SOC report. A SOC report is a report that a third party, such as an accounting firm, has said that your policies and procedures are in accordance with a particular framework or standard. It’s a written report that backs up and communicates to the third parties that are trusting in your company that you do have appropriate safeguards and controls in place.

Yogesh Patel (16:40): Paul, you and I just spoke last week, regarding a company that called because they formed a strategic partnership with a public company. Now, suddenly there are some requirements that they weren’t really prepared for or had anticipated. So, I think the key is just anticipating—especially when you’re growing fast—what those requirements may be. We’ve got a few examples of this. There was a fintech company that we worked with who got acquired by a strategic public company.

They were growing fast, and they landed a client they’d been wanting to land for quite some time. As that due diligence process played out, they had to get a SOC 1 report. There were no ifs, ands or buts. That had to be done for that contract to be signed. That was quite a bit of challenge to get through that process, in terms of making sure that contract could be executed. So really, the moral of the story is just anticipate what those requirements are.

It’s better to do that on your own timetable, versus being forced to comply and then going through that process. I think that’s really the key there when it comes to when you’re housing data and some of the potential compliance that may come with it.

Paul Perry (17:49): I think the key takeaway from that, Yogesh, is to anticipate it. You can’t overstate that enough. How many times do we get a phone call and it’s, “Hey, I need this in two weeks, two months.” You know, we’re talking 6-10 months before something like that can really be done well. So, anticipation is the key there.

Larry Pirkle (18:09): I would just add that when you’re a tech company and you’re trying to manage your cash, you’ve raised some capital and you’re really focused on your costs and making sure you really invest your cash in the most appropriate ways. It can be tempting to see security, particularly a third-party assessment of your controls and your security, as a cost. But then you get that one call from that prized new customer. They want that report and you’re caught off guard without it. That can be a dangerous situation as well.

Paul Perry (18:43): We sometimes refer to it as a revenue protector, right? If you don’t have that or have the good controls in place, your revenue is not going to be as protected as you want it to be.

Derek Johnson (18:55): It’s a lot to digest. We’ve got SOC reports and we’ve chatted about growing revenues, raising capital and the age-old topic of talent. We could probably go on for hours. What if we did a round two of this podcast? What would be on that potential laundry list of items we could talk about?

Larry Pirkle (19:16): I think to some extent, some of these are evergreen. We would talk about a number of these topics again: labor, capital and these sorts of things.

A couple of things that we might expand into I think would be that protecting your IP is important. We could delve into that a little bit further. I think we could expand on the cybersecurity that we talked about. I think another area that we haven’t spent much time about but we could dive in deeper a little bit into are some of the unique opportunities for technology companies from both an accounting and tax perspective.

There are unique issues that present themselves. All the spending on research and development can sometimes result in beneficial tax opportunities. Companies are doing mergers and acquisitions. So, while you could talk about the business side, that also creates certain accounting and tax situations. While it’s fun to talk about generating revenue, at the same time, it can result in significant revenue recognition issues because the contracts in this area tend to be complicated with a lot of elements all going into one contract.

There are some benefits that you can get a tax credit for and you can sometimes capitalize on your books. Sometimes, companies forget that you don’t have to expense all that right now. You can sort of say, “Hey, we’re investing for the future,” and reflect on your financial statements. A lot of these companies—because they’re short on cash—may reward employees to some extent with equity. We could talk about equity rewards. Again, one more area that has unique accounting ramifications. So, there could be an opportunity to talk about some of those topics and harmonize those with any impacts to their financial statements in their taxes.

Yogesh Patel (20:59): Yeah, I think those are all great and we could probably even do a third podcast if you were there to unpack some more of the areas. Like, for example, we talked about raising capital, right? With that, do you have the appropriate legal structure? What are the options or what makes you investor-friendly to take on the capital? That’s a whole separate discussion itself that we typically advise, as well as just-right sizing the business overall. Do you have the right accounting structure in place?

There are several areas that I think we typically see and that are hurdles, if you will, as you continue to grow as a tech company, that we would spend time talking more about if we had more time today.

Paul Perry (21:42): Good stuff, guys. So here on The Wrap, we like to wrap it up in 60 seconds or less. Yogesh, let’s start with you. What’s the one thing you want to leave the listeners in this industry with: either something we’ve already talked about or something new that wasn’t discussed?

Yogesh Patel (22:02): Thanks, Paul. I think one of the things that I would say that we didn’t really talk about is to make sure that you have a good CFO or VP of finance in place. In terms of, especially the macroeconomic conditions that Larry had outlined earlier, you need someone in that seat who’s actively tracking key metrics of the business, so you know where you’re going. What customers are you making money on? Which ones are you losing money on? Just things that can help you continue to grow and be profitable as a business. A lot of times we see growing tech companies invest more in their COO and sales side of the house. Sometimes, the finance is lacking. So, I think one of the things that I would want to reiterate is make sure you have a good finance leader in place to help you continue to grow and be successful. Larry?

Larry Pirkle (22:45): I think those are great points. You want to have your accounting records in order. It becomes important, not just for managing and understanding your business and making decisions, but also when it comes time to raise capital or perhaps sell the business, there’s going to be a significant amount of transaction due diligence and you may need assistance with that. A significant focus on that is going to be what we call the quality of your earnings, that there are not these spikes and unusual ups and downs in your numbers, but that there are predictable trends, which is one of the reasons that SAS has become so popular. Everyone wants that recurring revenue versus the old days when you’re selling a license every year, upgrading the maintenance or whatever. People want that recurring revenue because buyers are looking for that as they focus on purchasing companies. That brings me back to where I would leave it: just focus on growing your revenues, developing a customer-centric culture, listening to your customers and their feedback, great customer service and support. Also, that you’re incorporating and listening to your customers as you think about what’s most important in future product development.

Paul Perry (23:54): Gentlemen, this was an absolute pleasure. You clearly know your stuff. You clearly know this industry. Thank you for communicating that expertise to our listeners. Derek, it was an absolute pleasure to have you as a co-host. I look forward to future podcasts. Gentlemen, thank you all very much.

Yogesh Patel (24:12): Thanks for having us.

Commentators (24:14): And that’s a wrap. If you’re enjoying the podcast, please leave a review on your streaming platform. To check out more episodes, subscribe to the podcast series or make a suggestion of other topics you want to hear, visit us at https://warrenaverett.com/thewrap/.

  • « Previous Page
  • 1
  • …
  • 156
  • 157
  • 158
  • 159
  • 160
  • …
  • 1319
  • Next Page »

Business RadioX ® Network


 

Our Most Recent Episode

CONNECT WITH US

  • Email
  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

Our Mission

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.

We support and celebrate business by sharing positive business stories that traditional media ignores. Some media leans left. Some media leans right. We lean business.

Sponsor a Show

Build Relationships and Grow Your Business. Click here for more details.

Partner With Us

Discover More Here

Terms and Conditions
Privacy Policy

Connect with us

Want to keep up with the latest in pro-business news across the network? Follow us on social media for the latest stories!
  • Email
  • Facebook
  • Google+
  • LinkedIn
  • Twitter
  • YouTube

Business RadioX® Headquarters
1000 Abernathy Rd. NE
Building 400, Suite L-10
Sandy Springs, GA 30328

© 2025 Business RadioX ® · Rainmaker Platform

BRXStudioCoversLA

Wait! Don’t Miss an Episode of LA Business Radio

BRXStudioCoversDENVER

Wait! Don’t Miss an Episode of Denver Business Radio

BRXStudioCoversPENSACOLA

Wait! Don’t Miss an Episode of Pensacola Business Radio

BRXStudioCoversBIRMINGHAM

Wait! Don’t Miss an Episode of Birmingham Business Radio

BRXStudioCoversTALLAHASSEE

Wait! Don’t Miss an Episode of Tallahassee Business Radio

BRXStudioCoversRALEIGH

Wait! Don’t Miss an Episode of Raleigh Business Radio

BRXStudioCoversRICHMONDNoWhite

Wait! Don’t Miss an Episode of Richmond Business Radio

BRXStudioCoversNASHVILLENoWhite

Wait! Don’t Miss an Episode of Nashville Business Radio

BRXStudioCoversDETROIT

Wait! Don’t Miss an Episode of Detroit Business Radio

BRXStudioCoversSTLOUIS

Wait! Don’t Miss an Episode of St. Louis Business Radio

BRXStudioCoversCOLUMBUS-small

Wait! Don’t Miss an Episode of Columbus Business Radio

Coachthecoach-08-08

Wait! Don’t Miss an Episode of Coach the Coach

BRXStudioCoversBAYAREA

Wait! Don’t Miss an Episode of Bay Area Business Radio

BRXStudioCoversCHICAGO

Wait! Don’t Miss an Episode of Chicago Business Radio

Wait! Don’t Miss an Episode of Atlanta Business Radio