Financial/Investing

B2B Stories

Why You Might Want to Sell the Family Business

Recently, longtime Augustan Jeff Annis sold his decades old Advanced Services for Pest Control Company to one of the big, regional players in their space. His mom started the company and although a couple of his children worked in the business, there was not a succession plan for family to “step in”. What will the Weinbergers and the Busbys and the Mulherins and so many other excellent, legacy companies in the CSRA do when the time is right to sell? Local business coach Darin Myers says looking outside the family

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B2B Stories

Another bank moving into familiar spot on Furys Ferry Road

Several construction workers are clearing debris and working on the inside and the drive-thru of a familiar bank location at 375 Furys Ferry Road in Martinez. Pinnacle Bank, which is headquartered in Elberton, Georgia is opening its first branch in Metro Augusta in the coming months. Originally, the location was a First Bank of Georgia branch, which became a State Bank & Trust, which was then sold to Cadence Bank. Cadence Bank closed the Furys Ferry Road location, but still has other branches in the CSRA. Elberton is in the

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B2B Stories

Coach Darin: Handling negative reviews for your company

No business wants to get a bad review for its products or services. However, since it’s impossible to please all customers all the time, the likelihood of encountering dissatisfied customer reviews online is high. But businesses that respond adroitly, with a professional tone and determination to succeed, can weather these negative reviews and even win over other potential customers. The key is learning how to respond in ways that acknowledge a customer’s issues and demonstrate to everyone online that you take customer concerns seriously. Here are five tips on handling

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B2B Stories

Former E-Z GO engineer promoted to top spot at successful CPA firm

There’s a lot of change happening at the CSRA’s largest, local CPA firm. It might ruffle an average leader. In 2022, SME CPA’s will celebrate its’ 70th anniversary. Wouldn’t there be pressure to show value and celebrate with 4,000 faithful clients? Not the case. SME’s new managing director will delegate to his capable marketing director, and his team of partners will discuss and execute a plan—much like ones they do for clients. So how does this former E-Z GO engineer top an honor given to SME for the 3rd consecutive

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B2B Stories

Passing the baton to a professional CEO

A few weeks ago, I suggested a few succession planning options that senior business owners could consider as they are approaching their retirement age. One of those options was having a professional manager or CEO run your business. Giving your throne and position to a professional CEO could be challenging, especially for business owners who have founded their firm since its inception and have a deep emotional attachment with their business. My own research suggests that businesses run by founder CEOs tend to perform better than professional CEOs. These findings

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B2B Stories

COACH’S CORNER: Employee Recognition

All businesses claim to value their employees and to be committed to a culture that recognizes and rewards employee achievements. But success in this effort may be elusive, particularly if employers only half-heartedly embrace an “employee-centric” culture. By contrast, businesses that actively pursue this goal often find that they retain valued workers longer and that their recruiting efforts for new hires benefit from a culture of employee recognition. Here are ways you can build your own culture of recognition and demonstrate how much you appreciate the efforts of your team

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B2B Stories

Local company that helps nonprofits raise money adds business coaching services

This photo was taken at the ABD Business Expo, which was held at the Columbia County Performing Arts Center on May 27. Pictured from left are Hollis Bush, senior director of programs and services for ForcesUnited, Faith Edmondson, ABD publisher Neil Gordon, and Ashley Ashe. Gateway Grant Services helps nonprofits like ForcesUnited receive funding. (Photo taken from Faith Edmondson’s LinkedIn profile) Faith Edmondson and Ashley Ashe primarily help nonprofits receive funding through grant writing and virtual fundraising, but they have now branched out to help small businesses succeed. Edmondson and

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B2B Stories

“Gone fishing” and other retirement options for older CSRA business owners

Dinesh Hasija, Ph.D. (photo courtesy of AU Hull College of Business) Like many U.S. cities, Augusta is experiencing an aging population. This trend impacts local businesses in several ways, from hiring a qualified workforce to business owners’ succession planning. This article will focus on how business owners can successfully navigate their succession planning. Retirement can be an emotional stage for business owners who have built a socio-economic wealth throughout their time. However, when business owners are planning their retirement, the majority of focus is on economic wealth, and less on

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B2B Stories

Local financial advisor/investor says understand the risks in cryptocurrencies

There are many types of cryptocurrencies available, and the most popular are Ethereum, Bitcoin, and Dogecoin. (Photo taken from the MarketWatch website) Kurt Mueller understands the risks associated with investing in cryptocurrency as both a financial planner and individual investor. Mueller, a wealth management advisor for Apollon Wealth Management in Augusta, says you must do your research before choosing any type of investment, whether it be gold, real estate, oil, or stocks. Unlike stocks, “There really isn’t any insider information,” he explains. “It’s speculative, high-risk, and volatile,” so it’s certainly

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