Posts

Johnny Wood Receives Prestigious Board Position

Principal Member Johnny Wood, CPA has been named Chairman of the Board for the Nussbaum Center for Entrepreneurship. His experience, leadership skills, and outstanding moral character make him the perfect candidate for the job.

The Nussbaum Center for Entrepreneurship

The Nussbaum Center, founded in 1987, is a private non-profit corporation whose mission is to attract, advise, and house start-up and early stage growth entrepreneurs. In just under 30 years, the Center has graduated over 290 businesses with an 80% success rate, compared to a National rate of 44%. Johnny has served on the Board of Directors at the Center for nearly 10 years.

As one of the founding members of LBA Haynes Strand, Johnny is a key leader of our accounting, auditing, and consulting departments. In addition to traditional accounting services, he assists a variety of closely held companies and their owners in tax planning and compliance matters. Johnny is also very passionate about serving the Greensboro community. He is currently active in several community organizations and will now serve as the Nussbaum Center Chairman of the Board, a group that he cares deeply about.

“I am honored by this nomination,” says Johnny. “I truly believe in what the Center stands for, and for some reason the other board members think I am suitable to be the Chairman. This Center is all about helping young entrepreneurs succeed. It gives them countless networking opportunities with tons of folks who have the same desires to make it in the business world, and we help make that happen. If you’re trying to make it on your own, it’s tough, really tough. We help to ease that process and we have tons of success stories. That’s what I enjoy the most. It’s just fun – stressful at times of course, but lots of fun.”

To schedule a meeting with Johnny Wood, contact us today!

John Bly Named a Board Member of EO’s Global Board

Co-Managing Member John Bly has received HUGE news for the upcoming year. John has been named a Board Member of EO’s Global Board, where he will serve the organization!  This is a special announcement, because only 9 members of the organization are asked to serve 3 year terms to lead the organization through vision and strategy, and John is one of three member leaders who will begin their board term in July 2016. While this is an amazing accomplishment for John, it is something that didn’t just happen overnight.  John has been a member and advocate of EO since June of 2008 and has served in a number of roles to further EO’s vision, including: President of the Charlotte Chapter of EO, Chair for the highly successful regional NERVE 2013 Conference, Area Director for the US East Region, Member of the Standing Finance Committee for EO Global, and an EO Accelerator Facilitator.

What is EO, you may ask…

The Entrepreneurs’ Organization, better known as EO, is a collection of like-minded entrepreneurs focused on business growth, personal development and community engagement.  The network is made up of nearly 11,000 individual members across the world!

EO Global’s vision is to grow the world’s most influential community of entrepreneurs.  They accomplish their goals by offering chapter development, learning opportunities, forums, and strategic engagement opportunities to members.  There are currently 144 EO Chapters worldwide in 48 different countries.  This organization truly offers once in a lifetime opportunities to entrepreneurs across the globe.  This is certainly a once in a lifetime experience for John as he will be able to work with entrepreneurs across the globe and will have the ability to visit some very special places!

To get involved with the Entrepreneurs’ Organization or to learn more, visit: www.eonetwork.org or email info@eonetwork.org.

Delegation

Business Owners: Delegation Is The Key To Sustainable Value

Business Owners need to learn how to properly delegate roles in order to create a sustainable business. We have seen instances where business owners, who have worked as an “army of 1”, leave their business or retire and the value of the business leaves as well. If you really want  to make a difference in your employees lives and you want to create a lasting business long after you leave, you must learn the art of delegation!

Delegation is tough for some business owners. It is about empowering others to step up and make decisions on behalf of YOUR business and it is about you TRUSTING those employees to do so. Let me ask you a simple question:  Why did you start your business? Look back to when you were a wide eyed, optimistic entrepreneur. You started your business probably because you had a passion and wanted to make a difference in some kind of capacity. You have now created a successful business, one that has value and one that employs actual people! It has been successful, however you still feel the need to make every decision on your own.

What is your company going to do when you retire? Is it going to continue to run successfully or is it going to run like a ship without a captain?

If you want it to run successfully when you are gone, you must master delegation. Stop wearing every hat in the business and find people who are capable and willing to help your business grow. Find people you can trust to make the right decisions, that work within your value system and your business’ objectives. If you fail at this your business will likely fail soon after you leave.

To learn more, contact our team at LBA Haynes Strand Capital Advisors for your no-cost consultation!

Entrepreneur’s Spotlight With Yuno

LBA Haynes Strand is putting the spotlight on the entrepreneur community. Entrepreneurship plays a huge role in not just our local economy, but our global economy.  In this blog, we caught up with Andre Walters, who is the founder and owner of Yuno, Inc. Andre breaks down his thought process for creating Yuno and why he decided to take a simple idea and move it to market.

Yuno, Inc.

Have you ever recommended a product to a friend or family member? If you have, and the person bought what you recommended, what did you get for it? If you are like most people, the answer is more than likely nothing. This scenario is why I created Yuno in 2010.

Word-of-mouth marketing is now, and always has been, the most valuable form of marketing. A global study by Nielsen in 2013 revealed that 84% of people surveyed trusted word of mouth marketing above all other methods of marketing—no television ad, radio jingle or any other form of marketing is as effective, and companies have known this for quite some time. Case in point, a 2014 study by the American Marketing Association uncovered that 64% of marketing executives believe that word of mouth marketing is the most effective form of marketing. The issue, however, is that ordinary people like you and I drive the profits of the companies we support through our own purchases and the purchases we influence others to make, yet it seems our contributions to their profits go largely ignored other than the occasional discount or “special offer.” Yuno was created to do something about this very issue. Yuno acknowledges the fact that you are valuable to your friends and family and provides a benefit to you every time your word-of-mouth marketing encourages someone else to buy a product you bought in Yuno (or an item related to something you bought in Yuno).

Our approach at Yuno is really simple. We’ve established relationships with several hundred well-known brands like Macy’s, Saks Fifth Avenue, Best Buy, Footlocker and many others and added over 70 million products to our database as a result. Our team of content curators monitors the latest trends and looks for the best products from our partners to present to our users on Yuno. Yuno gives its users cashback on every product they buy. Additionally, Yuno provides that user with cashback every time someone following them in Yuno sees what they bought and decides to buy the same or a related item. Ultimately, if enough people decide to buy, a user can potentially get their entire purchase price repaid to them through cashback. As our name suggests, “Yuno” is all about helping you benefit not from what you know, but rather, who you know.

For many, 2010 was a difficult time period financially as our nation continued to try and recover from a devastating recession. I personally observed many people that needed a little boost financially, and I created Yuno in large part to give them that boost. The fact of the matter is we are all valuable in the world of commerce because of our impact through word of mouth marketing. If that value is recognized in our everyday transactions by the companies we support, then we believe Yuno will provide a way to spread the wealth in our economy, help people save naturally on everything they buy, and maybe even help our country avoid a similar recession.

Visit Yuno, by clicking here!