small business Archives - Page 25 of 28

THE EVOLVING ROLE OF A CFO – Ed Cordell

October 1, 2014 by Mike

On the Money

THE EVOLVING ROLE OF A CFO - Ed Cordell

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Ed Cordell discusses growth companies, business funding and the evolving role of CFO’s with Joe Moss, the president of Embassy National Bank.

Ed Cordell/CFO

Ed Cordell has been a financial leader for several growth-oriented companies in the Atlanta area over the past 20 years. In these capacities, he has developed successful financial strategies for rapid growth. This included mergers and divestitures, business planning, risk management and financial modeling in both private and publicly traded high-growth and high-tech companies.

The operations of small to mid-sized companies can always be more efficient through improved finance management, cost control, and employee compliance. Developing and inspiring high performing, multi-cultural teams, effectively partnering with business leaders and sponsoring change within the organization is key to the improvements. Ultimately, value creation and client satisfaction are key to the success of any business, large or small.

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Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

NAVIGATING THE SMALL BUSINESS MINEFIELD: Phillip Saxton with Small Business Samaritans and Mike Hardesty with Hardesty Hackett & Partners

September 24, 2014 by Mike

On the Money

NAVIGATING THE SMALL BUSINESS MINEFIELD: Phillip Saxton with Small Business Samaritans and Mike Hardesty with Hardesty Hackett & Partners

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Phillip Saxton with Small Business Samaritans and Mike Hardesty with Hardesty Hackett & Partners discuss the pros and cons of launching and operating a small business with Joe Moss, the president of Embassy National Bank.

Phillip Saxton/Small Business Samaritans

Small Business Samaritans cares about the individuals who have the dream and courage to start a business. These dreams are important, not just to them and their families, but to their customers and the community where they operate.

We are living in challenging economic times where much of the future of the United States depends upon job creation. Our top concerns as a nation lie with economic recovery, job creation, and setting up & operating successful businesses. It is highly doubtful that many new jobs are going to be created by big business, global business, governments, inventions or new investments. During the last 15 years, according to the Small Business Administration (SBA), small businesses generated over 64% of new jobs. Currently, 70% of job growth is generated by small businesses, which is expected to continue, if not increase, in the next four years.

Small businesses have been severely affected by economic, global and political forces completely out of their control. The current recession was caused by poor political decisions, poor leadership from large financial organizations, a liquidity shortfall in the banking system caused by the overvaluation of assets, poor leadership from large corporations, and greed.

The concept of SBS was born out of the idea that small businesses and entrepreneurs needed to do things differently in order to insulate them from these economic and political forces. Our communities depend upon doing things differently. The goal is to operate a business that is less subjected to outside forces.

Mike Hardesty/Hardesty Hackett & Partners

Since their beginning in 2004, Hardesty Hackett & Partners set out to be different and unique. They had seen consulting from both sides of the desk and knew what was good and what was not good. They wanted to provide excellent value for the money, achieve their goals every time, insure that their work was sustainable, and make a real and significant difference to their clients’ performance. There was no “Plan B”.

To achieve this vision, they needed excellent and consistent performance from their people; unique people with particular skill sets that would go the extra mile to create success and compete with themselves, not each other, and think “outside the box”. These people would possess a personal authority – morally, technically and energetically – so their clients would be motivated to engage in the process, rather than fight it. The use of independent contractors would prove to be the appropriate model.

They also needed a process that allowed them to see the issues quickly and then effectively change systems, processes and behaviors to bring about significant and sustainable change. They created the Hardesty Hackett Change Process (HHCP) which is largely credited with establishing an outstanding reputation for creating sustainable change.

Under the ownership of the five original partners and two subsequent partners, Hardesty Hackett has grown substantially every year. Part of this success is due to their insistence to always delight their clients. Part of their broad industry experience has allowed Hardesty Hackett to grow in ways to help their clients, and part has been their selection and mentoring of the Hardesty Hackett team to successfully execute the original vision.

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Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

NowAccount Network Corporation

September 2, 2014 by CW

Midtown Business Radio

NowAccount Network Corporation

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Nowaccounts Network Corproation — Kim Humphreys and Lara Hodgson of NowAccount Network Corporation

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

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

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

Special guest:

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

MBA Harvard Business School
Former Adjunct Professor of Finance, Georgia Institute of Technology
Board of Directors, Georgia Regional Transportation Authority
Owner, Insomnia Group
Chairman of the Board, Atlanta Heights Charter School
Second Language–Japanese

UNDERSTANDING HEALTH INSURANCE FOR SMALL BUSINESS: Keith Nabb with Affordable Medicare Solutions

August 13, 2014 by Mike

On the Money

UNDERSTANDING HEALTH INSURANCE FOR SMALL BUSINESS: Keith Nabb with Affordable Medicare Solutions

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Keith Nabb with Affordable Medicare Solutions joins Joe Moss to discuss how the changing healthcare laws and regulations affect your business.

Keith Nabb/Affordable Medicare Solutions

The mission of Affordable Medicare Solutions is to become your insurance planning resource and assist you in finding the right plan at the right price for you. Their team’s focus is on building long-term relationships with individuals, families and small business owners. Affordable Medicare Solutions is an independent agency and will help meet your needs and solve financial problems by applying creative solutions and using competitive products. They pride themselves on separating from the competition in the individual health broker market by actually servicing your policy. They don’t just sell you something and give you a 1-800 # from that point forward! They will send you renewal letters and produce alternative options with other carriers. They also help you with your claims and other policy services. If your provider has a question, they can call their office for assistance and an explanation of your benefits.

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Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

TAXES & FINANCIAL PLANNING FOR SMALL BUSINESS: Debra Scott with Vining Financial Services and Alicyn McLeod with McLeod Tax & Consulting

August 6, 2014 by Mike

On the Money

TAXES & FINANCIAL PLANNING FOR SMALL BUSINESS: Debra Scott with Vining Financial Services and Alicyn McLeod with McLeod Tax & Consulting

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Debra Scott with Vining Financial Services and Alicyn McLeod with McLeod Tax & Consulting join Joe Moss to discuss financial planning and tax issues that affect your business.

Debra Scott/Vining Financial Services

Vining Financial Services is a registered investment advisor with securities offered through Triad Advisors, Member FINRA/SIPC. They offer comprehensive, holistic financial planning to individuals, families and businesses in a warm and caring environment dispensed with humor and common sense.

Alicyn McLeod/McLeod Tax & Consulting

McLeod Tax & Consulting believes that clients should have ready access to an informed, interested and approachable advisor who educates them so that they can confidently and intelligently make their own decisions.

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On the Money focuses on topics and issues allowing small businesses to better navigate the financial services minefield, with analysis and opinions from today’s industry experts on banking and loans. On the Money also introduces you to some of the top small business leaders in the Atlanta market.

Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

THE DO’S AND DON’TS OF SMALL BUSINESS: Doug Ireland with Freeland Painting and Phillip Campbell with Homegrown Capital

July 30, 2014 by Mike

On the Money

THE DO'S AND DON'TS OF SMALL BUSINESS: Doug Ireland with Freeland Painting and Phillip Campbell with Homegrown Capital

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Phillip Campbell, Joe Moss, Doug Ireland

Successful business owners Doug Ireland with Freeland Painting and Phillip Campbell with Homegrown Capital join Joe Moss to discuss the right way and the wrong way to start and run your very own business.

Doug Ireland/Freeland Painting & Construction

The mission at Freeland Painting & Construction is to bring excellence to their clients through home repairs. Painting, roofing and general renovations are not a unique business, but Freeland Painting & Construction intends to be unique within this industry. They believe that their customer’s fulfillment and happiness is the ultimate goal and the only assignment. They believe that only by serving their customers FIRST can they then serve their employees, suppliers and families.

Phillip Campbell/Homegrown Capital

Homegrown Capital is a private capital firm specializing in residential new construction and renovation loans. Their mission is to provide secured high-yield returns to their investors and supply essential funds to their builders.

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Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

INNOVATIVE FUNDING: Charles Green with Small Business Finance Institute

June 25, 2014 by Mike

On the Money

INNOVATIVE FUNDING: Charles Green with Small Business Finance Institute

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Charles Green with the Small Business Finance Institute joins Joe Moss to discuss innovative funding options for your business.

Charles Green/Small Business Finance Institute

Small Business Finance Institute (SBFI) offers resources to business lenders to meet the challenges of client financing, industry changes and career advancement.

Their ambition is to become the leading source of current news, insight and statistics about small business lenders, as well as a one-stop site for the latest information on the people, events and training resources serving the business lending sector.

SBFI was founded on the premise of providing sound, germane and principled information and resources to support and promote the business lending sector and its participants. They advocate for distribution of credit capital in a prudent, responsible manner that utilizes time-tested, regulatory compliant practices, which inures to the benefit of all stakeholders.

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Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnett.

The Tenacious and Results-Oriented Small Business Advocate, Jean Kristensen, Joins Us on Legacy Leaders Radio

May 25, 2014 by johnthatcher

Legacy Learners Radio

The Tenacious and Results-Oriented Small Business Advocate, Jean Kristensen, Joins Us on Legacy Leaders Radio

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Today on Legacy Leaders Radio, with Host Jack Perry, Jr., Jean Kristensen shares her inspiration, wisdom, and challenges of being a small business owner. She specializes in helping small, minority and women-owned firms seeking to increase revenues through government contracting, certification, and innovative business strategies.

As a small business owner herself, she understands the challenges of running and growing a business. For Jean, certification programs have proven to be an invaluable tool for entering government contracting and working with large corporations. In the early 1990s, certification programs helped her to grow a security guard firm from 5 employees to more than 500, with revenues over $15 million.

You will not want to miss her heartfelt advice about following your passion, and how to manage even the simple tactics of small business success.

For more information on Jean Kristensen, visit www.jeankristensenassociates.com and for Legacy Leaders Radio twitter quotes, search hashtag #legacyleaders

STARTING A SMALL BUSINESS: Joe Moss with Embassy National Bank

April 23, 2014 by Mike

On the Money

STARTING A SMALL BUSINESS: Joe Moss with Embassy National Bank

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Joe Moss with Embassy National Bank discusses the pros and cons of starting your very own business.

Joe Moss/Embassy National Bank

During a banking career of almost 40 years, Joe Moss has given wings to the dreams of thousands of small business owners. Currently, he serves as president and board member of Embassy National Bank, a community bank based in the Atlanta suburb of Lawrenceville that has almost $100 million in assets and is a leading lender to small businesses in the southeastern United States.

Every day, Joe’s experience and expertise helps small business owners throughout the region so they are better prepared for the fast-changing world we live in. Today, he’s here to share his insight and ideas with our listeners as we focus on starting a small business.

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On the Money focuses on topics and issues allowing small businesses to better navigate the financial services minefield, with analysis and opinions from today’s industry experts on banking and loans. On the Money also introduces you to some of the top small business leaders in the Atlanta market. Hosted by Joe Moss, the president of Embassy National Bank, On the Money airs live every Wednesday at 3:00 PM EST from the Business RadioX studio in Gwinnet.