Performing vendor due diligence is extremely important in the B2B space. So many service providers aren't who they say they are and cannot do what they say they can do. Nothing is more hazardous for a business than outsourcing to the wrong company. Listen in to hear how to mitigate risk for your business and make sure you're hiring smart. Welcome to the In the Clear Podcast. I'm your host, Justin Recla, and today I'm going to be answering the question of how do you perform vendor due diligence? I absolutely, absolutely love this topic. It's one that we often get from people who don't think they need due diligence. A great example of this is we were ... Tonya and I were giving a talk at a local group and one of the women in the group was like, "Well I'm a caterer. I [...]
Listen in as Clear Directory Founder Justin Recla tackles the very popular and misunderstood business question: What is Due Diligence? Welcome to the In the Clear podcast, I'm your host, Justin Recla and today I'm gonna tackle a question that we get quite often, and that is, "What is due diligence?" Now for most people to understand, due diligence in the business world means that your lawyers looked over the contract, your CPAs looked over the financials. But really, at the core of due diligence, it really applies across the board in everything that you do And it really just means to fully examine something, to make sure you really understand what's going on, regardless of the situation. Now in the business world, it used to be the just the contracts and the financials. But unfortunately, because of the advent of the Internet, anybody and everybody [...]
In this episode, Marilyn Macha talks about authenticity and transparency in the financial industry. She also shares her thoughts on how it's not about the money; that there's a bigger picture. She goes into detail on transparency, that it is one of her biggest lessons learned, and how that all comes from your 'why'. Marilyn Macha, Executive Coach and Corporate Consultant knows the answer! After 20 years of running one of the top financial services firms in the country, yet finding she felt a longing for more from life, Marilyn has discovered and developed a proven formula for helping high-performing women reach an entirely new level of aliveness and success – both personally and professionally. Today we are talking to one of the members of the Clear Business Directory. Folks, you're in for a treat today as Marilyn Macha is joining us today on the show. She is by [...]
Tom and Tracy Hazzard have worked as ghost designers behind such well-know brands as Martha Stewart Living, X-Rocker and Bayside Furnishings. They have had products in all major retailers, wholesale clubs, electronics boutiques and office super stores. Their best-selling mesh office chair has been in Costco for over 4 years straight. Tracy pens a regular featured Inc. column on innovation. Tom and Tracy have designed over 200 products to include products found in Costco. Listen in as they discuss 3D Printing and what it means to operate a Transparent Business. Today, we are interviewing one of the members of the Clear Business Directory on what it means to operate a transparent business. Our guests today are Tracy and Tom Hazzard. They specialize in product design and development. They are the owners of Hazz Design Consulting and joined us on the show today. Tom and Tracy, welcome to the show. [...]
Nichole Carpenter is highly detailed oriented and organized and has devoted her business to helping small businesses grow. With a background as a Project Manager for a software company, Nichole understands the systems required to make a business run effectively. In this episode, Nichole Carpenter talks about how she helps businesses through organizing their databases. She goes through a bit of her personal history as well to explain how she became so detail oriented and organized. She explains how planning is very important, not just in your business but also in your personal life. Today, we are talking to one of the members of the Clear Business Directory on what it means to operate a transparent business. Our guest today is Nichole Carpenter. Nichole is by far one of the most organized people that I have ever met. That's essentially what she does. She is the CEO [...]
Russell Weigel is a securities attorney and a member of the Clear Business Directory. Through Investment Attorneys, he helps his clients with compliance matters, arbitration defense or investigation defense. In this episode, Russell talks about the importance of due diligence, of being transparent to his clients as well as the other way around, and of trust, particularly in the securities industry. He also discusses education in raising capital and how being educated allows people to avoid a lot of mistakes that may get them in trouble. Today, we’re super excited because we’re talking to one of the members of the Clear Business Directory, Russell Weigel. He is a securities attorney, his business is the Investment Attorneys. I’m super excited to have him here because he brings a plethora of information to the business world. If you're raising capital, if you’ve ever dealt with bringing in investors, it’s so important [...]
Due Diligence: Conspiracy Theory vs. Corporate Counterintelligence Let’s face it who doesn’t love a good conspiracy theory? There can be a ton of fun in speculating the who-done-it. However, conspiracy theory can quickly become an emotional roller coaster, especially when a theory assumes that some underlying force is out to get us (or a client). While conspiracy theory can be fun and entertaining, conspiracy theory really has no place in the business world. Conspiracy Theory This by definition is “a belief that some covert but influential organization or person is responsible for a circumstance or event.” So how does this even enter into the realm of due diligence and business? Simple, often times we come across people who feel they have some understanding of what corporate counterintelligence is and because of the movies, or some misguided understanding, they automatically equate anything “bad” that happens in any business setting as [...]
Being vulnerable in public relations feels like inviting the sharks to circle. But what if vulnerability and transparency are the quickest ways to truly connect with your audience and create raving fans? Josh Elledge talks about his experience in the PR world and why he chooses to operate transparently. Hello everyone! This is Tonya Dawn Recla. This is the In the Clear Podcast. And I am really excited to have with me today Josh Elledge, out of the PR sphere. So, this is particularly entertaining for me because we hear a lot about people getting snookered out of the PR and Marketing Sphere. And it's such a necessary part for business, to get out there and to get well-known. What our bias is that you could do that in a transparent and authentic and integrity way. And so, I think we're going to hear from Josh some [...]
Is Yelp hurting small businesses? "The challenge is, of course, for small businesses or medium sized businesses the Yelp process has come under a lot of scrutiny." Listen in to find out the hidden risk behind peer ranked sites. Show Notes Welcome to the In The Clear Podcast. I'm your host Justin Recla along with my gorgeous wife Tonya Dawn Recla. Hello everyone! So this week we're taking on a giant. This week we are looking at Yelp. Just call us David! Yelp and the hidden risk behind peer ranked sites. Maybe I'm going to explain my comment. So, you are talking about taking on a giant; which then my mind went to Goliath; which then that led me to David and then I envisioned the rock and a slingshot. So, that's where that one was going folks, but make no mistake about it you [...]
SEC continues to send the message the due diligence is a must. This follows a recent performance data debacle with F-Squared. "You know what, there's a good chance because somebody didn't do their due diligence. Here’s the thing, folks, the SEC has been saying this ever since Bernie Madoff in 2008. If you're going to hire a sub adviser for your clients, for your business, for your investments, for your business you have to do due diligence." Show Notes Welcome to the In The CLEAR Podcast. My name is Justin Recla, and I'm your host, along with my business partner and wife, the gorgeously talented and amazing, Tonya Dawn Recla. For the record, folks, if you don't know it, Tonya is also the CEO of a company called Super Power Experts. You can find out more about Tonya and her Super Power Experts at superpowerexperts.com. [...]
Due diligence process for mergers and acquisitions is crucial. Show Notes Welcome to the In The Clear broadcast I'm your host Justin Recla along with my business partner and wife Tonya Dawn Recla. Hello everyone! So this week we're talking about due diligence process for mergers and acquisitions. Such a great topic. We will get into this all the time with folks who really think that they're doing solid due diligence. Attorneys in particular for their clients and making sure that you know they've got all the business information and that the financials have been passed on to any CFOs or CPA is involved. Inevitably when I ask them “So who's looking at the people involved in the business?” they get kind of sheepish you know like, one guy here lately even said to me “You know if I'm totally honest we do a very cursory [...]
Peer review sites put your business at risk. Do you know how? Listen in as we discuss the pros and cons of peer review sites. Show Notes Welcome to the In The Clear podcast I'm your host Justin Recla, along with my crazy talented wife Tonya Dawn Recla. So this week we're talking about peer reviews put your business at risk. What does that mean to you don't you, Tonya? Well, this is a very touchy subject and I get that. The challenge is that we can glean a lot of information off a peer review. But the problem for small business or even mid and large sized businesses is that who monitors that? And who has a say in any of that? And so everything from you know corporate espionage and conspiracy stuff. You know your competitors coming in and Bam Basting your [...]
The investing and finance arenas are wrought with frauds and scams. Those who operate legitimately struggle to compete with smarmy business practices and snake oil sales techniques. Listen in as Lior Gantz talks about his experience openly educating and transparently operating in an arena known for its bad reputation. Show Notes Hello everyone this is Tonya Dawn Recla your host for the In The Clear podcast today and I'm really excited to have with me Lior Grantz the president of Wealth Research Group. He deals with real estate investing and he's been called the thrill seeking entrepreneur. What I've really enjoyed over just moments that we've had to get to know each other is his really refreshing approach to the finance industry. He seems to merge those concepts of the financial world with the trust and transparency piece that we're so big on here at [...]
Business Scammers Beware: Clear Business Directory and CEO Space Partnership Brings Transparency to Business
Business scammers everywhere can count their days numbered. A new partnership aims to put a serious dent in the unopposed, smarmy practices of businesses that take advantage of entrepreneurs and business owners. The Clear Business DirectoryTM (CLEAR) and CEO Space International, Inc. (CEO Space) join forces to send a clear message that preying on business conferences is no longer a lucrative business strategy. The vetting practices of CLEAR, founded in government counterintelligence principles, and the long history of CEO Space in growing successful businesses combine to create the perfect team to send business scammers packing. Over the years, business conferences have become fertile hunting ground for fraudulent business practices. The energized atmosphere and ambiance of camaraderie create a cesspool for those who've mastered slick sales techniques and get-rich-quick schemes. “We have a clear and long-standing culture of collaboration. Unfortunately, some people try to take advantage of that by promoting fraudulent businesses. [...]
Listen in as we discuss the success steps for hiring business. Before you get involved with anyone, if it's going to cost you time or money, make sure your business is In The CLEAR.
We take a look at when companies do a background check. Listen in as we discuss the tools you can use to save your company time and money.
This week we explore the reason why small businesses are hiring other businesses. For small business owners, hiring an employee can be a huge burden and risk. But is hiring another business to assist your business even more riskier? Listen to find out.
Have you being the victim of a scam? Do you know someone who has been ripped off or lost money in a scam? Listen in as we discuss how you can avoid being a victim of a scam.
Guns, Guns, Guns...What is a criminal background check and is it the answer for gun control? What do gun control and background checks have in common with business? Listen in as we discuss this hot topic and answer the question on whether or not a criminal background check is the answer for gun control and how it ties into business.
When we started off in this world, coming out of government, we saw that there really was no process for vetting businesses. What’s interesting is that all of us are trained to expect some sort of screening process or due diligence process when it comes to employment. That’s a given. You fill out the application, you know they will check references (or they should, of course). Maybe it’s not the best system. What we didn’t see was a system for how to look into businesses before hiring them. You go to a business’s website; if they have one, they must be a legitimate company. Maybe you pick up the phone to call somebody, and you’ll hire them for something you need. That doesn’t always work. It’s a throwback to the good old days. We had the Yellow Pages or the Mom and Pop shops. With the advent of the [...]
You have a security alarm installed to protect the valuables in your home, but what kind of protection do you have for your valuable business? Partners, investors, employees… All sorts of people come and go in your business. Maybe you’ve found out the hard way, but not everyone is who they say they are. Not everyone is on the up-and-up. And not everyone can be trusted. Wouldn’t it be great if you could tell ahead of time whether someone is worthy of your trust? Wouldn’t it be great if you knew before you let in the wrong people who “robbed you blind?” Getting involved with scamsters and frauds can be incredibly expensive , it could even cost you your entire business. Trusting people without doing proper due diligence is taking a gigantic – and totally unnecessary business risk. You deserve to know exactly who you’re dealing with and whether they’re [...]
I get it. The title of this post doesn’t immediately connect to Due Diligence. But trust me when I say the connection is clear, distinct and extremely significant for your business. Things they are a-changing. If you don’t see this in your particular business sector, look again. Since the onslaught of social media, peer review sites, internet marketing and the global village, business-as-usual ceased to exist. The statement, “The only constant is change,” has never been more true. And it’s affecting your bottom line. Everyone knows this. And everyone’s scrambling trying to provide THE solution to riding these waves of change. But the one topic I hear discussed only in backrooms and mastermind circles is Enlightenment. Call it what you will: awareness, consciousness, intuition, energy, super-hero powers, whatever; it all results in the same thing. Your clients, customers, industry partners, competition, vendors, and team members are tuning in and turning [...]
Your business relationships depend on your ability to effectively communicate your needs, your goals and your vision. Knowing what questions to ask and understanding how people process and internalize communication is THE essential element for business success. Avent-Guard™ provides the tools and tips on how to verify the information you are given so you can protect yourself and your business.
As the CEO of your company you are the visionary for your business. It’s the visionary’s job to focus and create opportunities that drive the company forward. However, business is like magic in that if you focus on what the magician appears to be doing (like they want you too) then you miss what is actually happening (the trick). When you are too close to the vision, you miss the factors that sway you from the vision and invite in risk. Avent-Guard™ gives you the tools necessary to filter out the “tricks” that put your business at risk.
How many times a day do you abdicate your power in your business? How many times a day do you do something that doesn’t feel right or is not in line with your business or your purpose? The number one reason why business owners HAVE to perform due diligence in the first place is because they continue to abdicate their power to others. Whether you’re a man a woman, a seasoned business owner or a starting entrepreneur Clear Business DirectoryTMprovides the tools you need to stand in your power and build success!
Between our due diligence work and our awareness mentoring, we get a lot of questions about whether or not people truly can avoid disasters. The latest incidents seem to involve scared and disgruntled people seeking revenge. Of course, nationally the news about Christopher Dorner had folks asking if he gave any indication of homicidal tendencies before lashing out (CNN article). And on a smaller scale from the Phoenix area we received calls from small businesses afraid they might suffer from the next Harmon-type incident (Yahoo! News article). The answer to the simple question above is an emphatic YES…and no. The former response is because we’ve seen firsthand the benefit of preparedness and a bit of assessment. The latter is because we’ve also seen what can happen despite our genuine attempts and most attuned awareness. Regardless, if we always choose to fault on the side of “an ounce of prevention is worth [...]