Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Archive for the ‘Business’ Category

PODCAST: Robert C. McMillan Discusses His New Book Next Gen Leader

Posted by HH on May 9, 2014

thCAFY0BB3Leadership transformationalist and award-winning author Robert C.  McMillan discussed his leadership strategies from his book The Next Gen Leader on the April 28 edition of Economic Perspectives.  To listen to the interview click here: Robert McMillan Economic Perspectives Interview.

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PODCAST: BiG Austin Energy and Transportation Economic Development Summitt October 10

Posted by HH on July 29, 2013

Stacy Dukes-Rhone

Stacy Dukes-Rhone

On the July 29 edition of Economic Perspectives, BigAustin executive director Stacy Dukes-Rhone discussed the upcoming Energy and Transportation Economic Development Summitt BigAustin is hosting October 10.  To listen to the interview click here:  .

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Heart, Smarts, Guts, and Luck: Traits for Success in Business

Posted by HH on August 26, 2012

What are the defining traits crucial for a leader to build a business?  According to the research conducted by venture capitalist Anthony Tjan and his co-authors Richard Harrington and Tsun-Yan Hsieh,  heart, smarts, guts and luck are the attributes that all successful business leaders share. Tjian shares these insights and others on the Monday morning edition of Economic Perspectives at 7:30 a.m. CT on KAZI 88.7 FM.  Listen live online at

Tony Tjan with music legend Quincy Jones

Anthony K. Tjan (Tony) is the co-author of Heart, Smarts, Guts, and Luck: What It Takes to Be an Entrepreneur and Build a Great Business.  Tjan is Managing Partner of Cue Ball, a venture capital firm based in Boston. Most recently, Tony was Senior Partner at The Parthenon Group, a leading strategic advisory firm where he continues as its Vice Chairman. He spent seven years as a special strategic advisor to The Thomson Corporation, and its then CEO, Richard Harrington (now his Partner at Cue Ball). At Thomson, he played a key role working alongside the CEO on its transformational growth strategy. In 1996, Tony founded and was CEO of the Internet services firm ZEFER, a pioneer in early commercial web initiatives. Tony started his career with McKinsey & Company and holds his AB and MBA degrees from Harvard University. He was also a Fellow at the Harvard Kennedy School of Government. Tony sits on several boards, is a contributor to Harvard Business Review, and is on the Editorial Advisory Board of MIT Tech Review.

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BCL of Texas Business Counseling Helps Austin Firm Obtain Funding and Overcome Obstacles

Posted by HH on August 10, 2012

Travis Benford, CEO of Blue Light Integrated Services

Peter Drucker once said, “The best way to predict the future is to create it.” If that statement is true, then Travis Benford just might just be the next Nostradamus. He is building a future to fit his vision. Moreover, he is building a future full of hope and opportunity for his team and his community.

Travis was a car salesman for the 14 years prior to opening Blue Light Integrated Services. He recalled the salesman experience fondly, but remarked that the hours kept him from his family for too long at times. The rewards were good, but there weren’t many opportunities for long term development. Travis knew he wanted to be his own boss someday. He wanted to do something that would allow more time to spend with his family and provide unlimited potential for growth.

Blue Light Integrated Services, a sales call center handling everything from Dish Network to security systems to home repair services, didn’t just spring up from nowhere. Travis worked hard to turn his dream into a reality. A turning point in this process came when he sought out a business coach at Business & Community Lenders (BCL) of Texas. Travis said that at first it was difficult to find time to go to the meetings and classes while working. “It was really tough to make all of those obligations work together, but I knew I had to go,” he said. To be a successful entrepreneur, Travis noted, you have to surround yourself with like-minded individuals. At a Biz Aid orientation class Travis met one such like-minded individual named Carlos Vasquez. Carlos is the Business Development Analyst for BCL of Texas. Carlos is there to help people like Travis transition from traditional employee to successful entrepreneur. He and Travis started speaking and found that there were a lot of ways that Carlos could help.

Travis was beginning to get frustrated with the process of starting a business. Finding financing and office space, hiring people, getting the appropriate legal documents: all of these prerequisites to getting a new business off the ground seemed hidden behind unreasonable expectations.

“The banks couldn’t understand that I was going to start this business and work full time there,” Travis said when asked about this aspect of the process. “I was concentrating all of my effort to make that work. I had a little seed funding from my family, but the banks wanted us to show that there was no chance of default by offering my family’s income as collateral. It was just unreasonable.”

Carlos was able to help Travis overcome most of his major obstacles. Carlos and Travis worked together to get funding and find an office space that worked. As of now, Blue Light Integrated Services is well above the sales goals that they set out in Travis’s business plan. The business operates out of a great office location that also houses their call center. In less than 6 months since beginning this venture, Mr. Benford has hired thirteen other staff members to keep up with all the demand coming through the 7703 N. Lamar Blvd office.

“We are doing great. Right now we are expanding our products and services. We sell commercial TVs now to meet small businesses needs all across the nation,” Travis said. “We have almost outgrown our current space! We are one of a very small group that Dish has approved to sell nationwide. Sometimes the hours are still very long, but I couldn’t be happier.”

For a free business counseling session from BCL of Texas call (512)912-9191.

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I Slept on Apple, But the Steve Jobs Biography Woke Me Up

Posted by HH on March 21, 2012

Recently I’ve been listening to the biography of Steve Jobs written by Walter Isaacson as I drive across the state in lieu of my usual sports talk shows.  While I’ve been aware of all the new products launched by Apple (I own an iPhone, an ipod, and have been contemplating purchasing the iPad) I just realized that Apple had sales over $100 billion in its last fiscal year.  Last I recalled Apple was a $10 billion company.  I feel like Rip Van Winkle (for those who may not be familiar with him, he is a character in a story written by Washington Irving, who fell asleep and didn’t wake up for 20 years).  So I decided to research the meteoric rise in sales and this is what I found.  According to the web site, Apple’s sales in 1995 was $11.06 billion, then they declined to $9.83 billion in 1996.  For the next 8 years sales hovered between a low of $5.36 billion in 2001 and a high of $8.28 billion in 2004.  Annual sales did not surpass the 1995’s $11.06 billion until 2005 when sales hit $13.93 billion.  Since then sales have grown every year increasing 677% between 2005 and 2011.  I am astonished and wide awake now!

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Listen to Interview About Advancing Your Career Through Understanding Your Power Persona

Posted by HH on August 13, 2011

Listen to our interview with Maggie Craddock, author of Power Genes: Understanding Your Power Persona–and How to Wield It at Work .  To listen click here; Maggie Craddock Interview.

In Power Genes, executive coach Maggie Craddock reveals how to kick bad habits and use your power more effectively to advance your career. Craddock identifies four “power types”–Pleaser, Charmer, Commander, Inspirer–and explains how to diagnose your type. Next she walks you through a process for avoiding your type’s signature destructive reflexes and replacing them with new behaviors. She also shows how to interact productively with other people–peers, bosses, employees–of each type. “Power Genes” helps you jettison unproductive habits and take charge of your workplace relationships.

Ms. Craddock has worked with clients at all levels on the professional spectrum – from people reaching the Vice Presidential ranks for the first time to Fortune 500 CEOs.  Ms. Craddock is the author of The Authentic Career, a popular career guide that has been featured at business conferences across the nation.  She has also written several nationally syndicated articles on behavioral dynamics in the workplace, and her work has been discussed in Oprah Magazine.  She was recently a panelist at Deutsche Bank’s annual Women on Wall Street conference and is a regular speaker at leadership conferences for her corporate clients who include Goldman Sachs, Credit Suisse and JP Morgan.

Before building her executive coaching business, Ms. Craddock worked for over a decade on both the buy side and the sell side of the financial services industry.  As a Portfolio Manager at Scudder, Stevens & Clark, Ms. Craddock managed $3 billion in short-term global assets

Ms. Craddock received a M.Sc. in Economics from the London School of Economics, specializing in Capital Markets.  She also received an MSW from New York University and is an Ackerman certified family therapist.  Ms. Craddock holds a BA in Economics from Smith College.

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Working with Today’s Customers Focus of July 25 Economic Perspectives

Posted by HH on July 24, 2011

Renowned business consultants Chip Bell and John Patterson will discuss their latest book, Wired and Dangerous: How Your Customers Have Changed and What to Do About It on the July 25 edition of Economic Perspectives on KAZI 88.7 FM at 5:30 p.m. CT. Chip and John have provided consulting or training to a number of major corporations including Allstate Insurance, Bank of America, GE, and McDonalds.

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Emergency Homeowners Loan Program and Advocacy of Ideas Focus of July 10 Economic Perspectives

Posted by HH on July 7, 2011

Raquel Valdez, manager of the Emergency Homeowners Loan Program for BCL of Texas, and John Daly, author of Advocacy: Championing Ideas and Influencing Others, are the guest for the two segments of  the July 10 edition of Economic Perspectives, 5:30 p.m.-6 p.m. central time on KAZI 88.7 FM.  Listen live online at

Raquel Valdez, Emergency Homeowners Loan Program

EHLP is designed to provide mortgage payment relief to eligible homeowners experiencing a decrease in income of at least 15%directly resulting from involuntary unemployment or underemployment due to adverse economic conditions and/or a medical emergency. The deadline for pre-applicant eligibility screening is July 22.

Raquel Valdez

Some of the eligibility requirements include;

a. Own fee simple title to the mortgaged property; property must be a single-family (1-4 unit), condominium, cooperative or manufactured home that is secured by a mortgage.

b. Involuntary unemployment or underemployment due to the economy or a medical condition

c. Current income at least 15% less than it was in 2009.

d. At least 90 days delinquent on your mortgage.

For more information on eligibility for the program click here.

John Daly, Advocacy

When a group of people gather together to generate ideas for solving a problem or achieving a goal, sometimes the best ideas are passed over. Worse, a problematic suggestion with far less likelihood of success may be selected instead. Why would a group dismiss an option that would be more effective? Leadership and communications expert John Daly has a straightforward answer: it wasn’t sold to them as well. If the best idea is yours, how can you increase the chances that it gains the support of the group? In Advocacy: Championing Ideas and Influencing Others, Daly explains in full detail how to transform ideas into practice.

Dr. Daly is a professor in the College of Communications and McCombs School of Business at The University of Texas at Austin.  He has worked with more than 300 public agencies and private organizations around the world in consulting, training and speaking roles including 3M, Apple Computers, Dell Computers, Goldman Sachs, and Home Depot.

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EP Features Interviews About Management Guru Peter Drucker and Value of MBA

Posted by HH on June 29, 2011

On the July 4th edition of Economic Perspectives, Jim Champy, Chairman Emeritus, Consulting, Dell Perot Systems and author of the ebook What I Learned from Peter Drucker, and Firdos Vohra, a student in the MBA program at The University of Texas at Austin McCombs School of Business will be the guests 5:30 p.m. – 6 p.m. central time on KAZI 88.7 FM.  Listen live online at

What I Learned from Peter Drucker

Peter Drucker is universally acknowledged as one of the most influential business thinkers of all time.  His theories on how to effectively manage businesses and organizations of all types have profoundly shaped the way we live and work today.  In this brief eBook, his friend and New York Times bestselling author Jim Champy offers unique insights into Drucker’s legacy.

Jim Champy is recognized as the world’s leading authority on the fundamental redesign of business processes, organization, and culture. His bestseller Reengineering the Corporation, co-authored with the late Michael Hammer, sold more than 3 million copies, and his subsequent books on leadership, change management, and strategy have reached wide audiences around the world. His most recent title is Inspire!

Firdos Vohra: The Value of the MBA

Many experts are questioning the value of the MBA. Vohra, a student in the MBA program at the McCombs School of Business at The University of Texas at Austin, will discuss what she is learning that makes the cost of an MBA worth the investment.  Vohra begins her second year in the MBA program this fall.

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Collapse of Housing Market, Capturing New Markets, Overcoming Barriers to Career Success Focus of June 27 Economic Perspectives

Posted by HH on June 25, 2011

 7 a.m. (Special edition of EP)

Gretchen Morgenson and Joshua Rossner, authors of Reckless Endangerment: How Outsized Greed, Ambition, and Corruption Led to Economic Armageddon – Morgenson, a Pulitzer prize winning New York Times business reporter and Rossner, a housing expert, trace the collapse of the housing market to the aggressive underwriting and greed of Fannie Mae executives.




5:30 p.m. – 6 p.m.

Stephen Wunker, author of Capturing New Markets: How Smart Companies Create Opportunities Others Don’t –  Wunker, a former strategy consultant and veteran of numerous start-ups including the first mobile internet device marketed outside of Japan, shares the key strategies for assessing new markets, shaping their formation, and profiting from their expansion.


Thomas DeLong, author of Flying Without a Net: Turn Fear of Change into Fuel for Success – DeLong, a professor of management practice at the Harvard Business School, illuminates the behaviors and strategies for overcoming them that high achieving professionals engage in that can stall or wreck their careers

Listen live online at  If you would like to be automatically notified by email when new posts are added to the Economic Perspectives Blog go to and click on subscribe at the very top of the web page.

Posted in Books, Business, Entrepreneurship, Housing | Tagged: , , , , , , | Leave a Comment »