2016-10-30 Getting The Family Business To The Next Generation with Henry Hutcheson & Ed Fulbright On Mastering Your Money Radio

Henry Hutcheson 

Henry Hutcheson- Getting The Family Business To The Next Generation Interview 

Family businesses, like relatives, come in many shapes and sizes. More than 66 percent of all family businesses do not make it to the next generation.   Most family businesses begin with a single founder, who either saw an opportunity or simply took action to make ends meet. Maybe it was both. However, this can quickly evolve into a husband-and-wife team, or two brothers or sisters. Many family businesses are owned and run by women, who have the additional burden and conflict of being “mom” and the chief emotional support for the family. Then the next generation comes along, grows up among the hustle and bustle of their parents trying to build a business, helping out where possible, and one day finding that they are working in their parent’s business. Then the kids get married and bring in-laws into the business. Trusted and capable non-family employees are picked up along the way.

Joining us for our discussion on Getting The Family Business To The Next Generation is Henry Hutcheson who is in our Durham NC Studio.  Henry Hutcheson, comes from two renowned family businesses, Olan Mills Portrait Studios on his mother’s side and Peerless Woolen Mill on his father’s side. Henry has firsthand experience with many of the concerns that are unique to family businesses. Henry studied Psychology and has extensive business knowledge in the critical skills for working effectively with a family business. As a family business adviser and consultant, Henry can empathize with the family business and thus be more effective. Henry engages in a business mentoring and life coaching relationship with each family member and key stakeholders, and the scope of his work with the family and business is all encompassing. His latest book is Dirty Little Secrets of Family Business: Ensuring Success From One Generation To The Next.

2016-10-23 Crowdfunding with David Morris, Jesse Jones & Ed Fulbright On Mastering Your Money Radio

Forrest Firm 

David Morris & Jesse Jones- Crowdfunding Show 

What is 'Crowdfunding'?
Crowdfunding is the use of small amounts of capital from a large number of individuals to finance a new business venture. Crowdfunding makes use of the easy accessibility of vast networks of people through social media and crowdfunding websites to bring investors and entrepreneurs together. Crowdfunding has the potential to increase entrepreneurship by expanding the pool of investors from whom funds can be raised beyond the traditional circle of owners, relatives and venture capitalists.

Joining us for our discussion on Crowdfunding: Pros & Cons are Attorney’s David Morris & Jesse Jones who are in studio.  Attorney’s David Morris & Jesse Jones are with the Forrest Law Attorney Jones focuses on counseling early stage and high growth business clients in all types of transactions from formation to exit, in addition to serving as outside counsel to more mature organizations. He seeks to provide practical and thoughtful advice to help clients refine and achieve their goals.  Specific areas of practice include start-up counseling, seed, venture capital, and debt financing's, mergers and acquisitions, and the negotiation and structuring of a wide range of contracts and transactions. Attorney Morris draws from a deep well of experience as an attorney, M&A strategic adviser, commercial banker, educator, entrepreneur/founder, and investor.  In his of-counsel role at the Forrest Firm, Mr. Morris focuses on commercial transactions/banking work, private equity, mergers and acquisitions, and general corporate matters. In addition to his corporate practice, David also practices in the areas of estate/succession planning and commercial real estate.

2016-10-16 Small Business Public Relations With Valerie K. Fields & Ed Fulbright On Mastering Your Money Radio

Valerie K. Fields 

Valerie K. Fields- Small Business Public Relations

Here’s an old saying:  “Advertising is what you pay for, publicity is what you pray for.”
This is a great ice breaker for entrepreneurs and PR practitioners who need to explain public relations.  It’s also a good starting point for the general public.  While there are dozens of good articles on this topic most people – even professionals who should know better- still don’t know the difference between advertising and public relations.

Joining us for our discussion on Small Business Public Relations is VALERIE K. FIELDS in our Durham, NC Studios.  Valerie “VK” Fields has worked in public relations for some of the world’s most well-known organizations including Walt Disney World Resort, McDonald’s Corporation Regional Headquarters and the Ronald McDonald Children’s Charities of North Carolina.

She also has been an entrepreneur for more than 15 years. She is founder of V.K. FIELDS & CO., an award-winning PR and copy-writing agency in Raleigh, NC. In 2005, the company received the “Pinnacle Business of the Year Award” from the Greater Raleigh Chamber of Commerce. Fields has been honored by the Triangle Business Journal with awards that include "Women in Business,"
"Excellence in Mentoring" and "40 Under 40" leaders. In 2010, she authored her first children’s book titled, “The Bizeebee Family Business,” which teaches young people about business and entrepreneurship.

2016-10-09 Sole Entrepreneur With Kimberly Palmer & Ed Fulbright On Mastering Your Money Radio

Kimberly Palmer 

Kimberly Palmer- Sole Entrepreneur

When I started my CPA practice, I kept my full time job working for a technology company.  After working nights and weekends for three years, I decided to go full time into our business.  I was greeted with some doubters but I found most people to be wonderful supporters.  The one thing I had to remember is to ask for their support and help.  Very few people will help you unless you ask.

Joining us for our discussion on Sole Entrepreneur is Kimberly Palmer who is calling in from her Washington DC office.  She was the senior money editor at US News & World Report for nine years. She is an adjunct professor at American University, where she teaches a course on mastering social media. She has appeared on NBC’S TODAY, CNBC, and CNN. She is the author of “The Economy Of You: Discover Your Inner Entrepreneur And Recession-Proof Your Life”

2016-10-02 Epic Retirement With Assim Inshirah & Ed Fulbright On Mastering Your Money Radio

Epic Retirement

About 30 days ago, we talked about Life After Work which was more about the quantitative process of retirement.   This month we want to discuss “Epic Retirement” is more of the qualitative process of retirement.  Quantitative and Qualitative may be causing some of our listeners to say, what are you talking about?  So let me break it down like this last month was about the money and this month is about the quality of retirement.

When retirement was created people only lived for 1 or 2 years as retired.  Now, it is not uncommon for people to spend 25 to 35 years in retirement.  A WSJ article indicated if you delay your retirement by 1 year, you could increase your longevity by 11%.  EPIC stand for Engage, Purpose, Integration and Challenge.  If you have these four things in your retirement, you can have a successful retirement.  Some people are looking at their retirement accounts as their autonomy fund or independence account.

Joining us for this discussion on Epic Retirement is Assim Inshirah who is the station’s operation manager and makes sure Mastering Your Money is available to our listeners.  

2016-09-25 Greater Success Just Requires A Little More Effort with Michael Alden & Ed Fulbright On Mastering Your Money Radio

Michael Alden 

Michael Alden Interview- Greater Success Just Requires A Little More Effort

Do you want greater success at work and in your career?  Making small changes to reach your goals is key.  5% greater effort is a small number but it will make a difference in your life.

Increase results, not activities, by 5% More – Don’t focus on activities, focus on results.  Looking at how to increase your results, even by a small amount, will help you recognize and eliminate actions that waste your time. Save your company 5% More – If you can identify a small change that can save your employer thousands of dollars, you will increase your net worth to the company.  Discussing that savings during your performance review will help you get a raise. Work 5% longer – Putting in an extra few minutes at work each day seems minor, but completing an additional task, week after week, will help you increase your chances for promotions and raises.

 If you are a business owner, Do something 5% differently than your competitors: Be a little more creative and think a little bit harder than your competitors.  Whether it is going the extra mile in customer service, or offering a product that's just slightly better than that of your competitors, makes the difference in winning sales.  Motivate your team to give 5% More:  Your business will never grow, if your team keeps doing the same thing over and over again. Invest 5% more in training and supporting them, so that they can do the best job possible.

Joining us for our discussion on Greater Success Just Requires A Little More Effort  is Michael Alden who is calling in from his Beverly MA office.  Michael Alden is the founder and CEO of Blue Vase Marketing, a multi-million dollar marketing firm that has been ranked by Inc. Magazine as one of the fastest growing private firms in America. Alden is also a recipient of SmartCEO Magazine’s 2016 Future 50 Award.  A successful serial entrepreneur, who hosts his own podcast and a writes a popular blog, Alden is a speaker and regular guest on television and radio throughout the country.  His first book Ask More, Get More was a national bestseller. His latest book is 5% More: Making Small Changes to Achieve Extraordinary Results.

2016-09-18 Follow Your Gut with Lynn A. Robinson & Ed Fulbright On Mastering Your Money Radio

Lynn Robinson

Lynn Robinson Interview - Follow Your Gut:

The business world is being forced to change. Old practices and habits will not stand up in the current climate. Understanding how to navigate the transition can be tricky. Intuition can guide individuals and businesses through transitions, crises, staff changes, relationship changes, and more.

Intuition — one of the fastest-spreading buzzwords in business — has become increasingly important to decision makers who are faced with the challenge of conflicting or inconclusive information.

“Intuition is an inner compass that we all possess and that guides us unerringly to the realization of our hopes and dreams
In businesses big and small, making decisions comes with the territory. But, how do you routinely make decisions that enhance, not diminish, the bottom line?

Joining us for our discussion on Follow Your Gut is Lynn A. Robinson who is calling in from her Mashpee MA office .  Robinson is the author of seven books on intuition. She has an international reputation as an inspirational speaker, and a gift for making an esoteric topic practical, interesting and down-to- earth. Put Your Intuition to Work has an uplifting message and powerful advice for anyone interested in supercharging their inner wisdom to make great decisions..”
Her latest book is Put Your Intuition To Work: How To Supercharge Your Inner Wisdom To Think Fast and Make Great Decisions .