SILVER FOX ADVISORS ANNOUNCES

Hank Moore

HANK MOORE

A MONTE PENDLETON EMERITUS COUNCIL MEMBER

HOUSTON, TX (August 24, 2023) – Today the Silver Fox Advisors announced its newest Monte Pendleton Emeritus Council member.Hank Moore joined the Silver Fox Advisors in 2003 and served as a Vice President in 2010, President in 2011 and Chairman in 2012.  Mr. Moore has served on numerous committees and chaired the organization’s Programs Committee for a number of years, arranging for many wonderful programs during his tenure.

Hank also Chaired the organization’s 25th Anniversary Celebration in 2011. The Committee Hank loved the most was the BBB Committee and he did much work to create the relationship the organization has today with the Better Business Bureau of Houston,” announced Joseph Tung, President of the Silver Fox Advisors. Tung added, “The organization has certainly benefitted from Mr. Moore’s experience and leadership over the past twenty years.”

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

SILVER FOX ADVISORS ANNOUNCES New Member

Dennis Klimmek

HOUSTON, TX (August 10, 2023) – Today the Silver Fox Advisors announced its newest Silver Fox Advisor. “Dennis Klimmek was previously voted in as a Silver Fox Advisor Member and then welcomed into the organization at the August 10, 2023 Membership Meeting,” announced Joseph Tung, President of the Silver Fox Advisors. Tung added, “Dennis has a tremendous amount of experience and expertise in all aspects of the real estate industry, and he will be a great resource to our membership and the small and mid-sized businesses located in the greater

Houston Metro area that the Silver Fox Advisor organization serves. Since Dennis is also an attorney by trade, he is able to assess real estate transactions from both a business and a legal perspective. We are excited about having Dennis join the Silver Fox Advisors.”

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

SILVER FOX ADVISORS ANNOUNCES New Member

Michael Hill

HOUSTON, TX (July 27, 2023) – Today the Silver Fox Advisors announced its newest Silver Fox Advisor. “Michael Hill was previously voted in as a Silver Fox Advisor Member and then welcomed into the organization at the July 13, 2023 Membership Meeting,” announced Joseph Tung, President of the Silver Fox Advisors. Tung added, “Michael is a true entrepreneur having purchased companies, turned them around, subsequently grown them, and ultimately sold them off. Michael is an accountant by trade and has worked in large and small companies holding numerous leadership positions including CFO. In addition, Michael’s experience and knowledge includes working through economic downturns in a variety of industries. Michael is a great addition to the Silver Fox Advisors, and he is looking forward to helping the small and mid-size businesses that the organization serves.”

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.
Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

Silver Fox Advisors Announces New Member

Orlando Cardenas

Today the Silver Fox Advisors announced Silver Fox Advisors announces its newest Silver Fox Advisor. “Orlando Cardenas (OC) was previously voted in as a Silver Fox Advisor Member and then welcomed into the organization at the June 8, 2023, Membership Meeting,” announced Joseph Tung, President of the Silver Fox Advisors. Tung added, “OC has been associated with the Silver Fox Advisors for many years, having been an active participant on one of our CEO Roundtables. OC continues to run two successful businesses and remains active in the Houston business community, and he is a wonderful addition to our entrepreneur-spirited membership. OC is also involved in Houston’s social and charitable communities and willingly provides his time and talents.”

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills, and wisdom since 1986. For more information visit: www.silverfox.org

Silver Fox Advisors Announces New Member Dan Elliott

HOUSTON, TX (June 12, 2023) – Today the Silver Fox Advisors announced its newest Silver Fox Advisor. “Dan Elliott was recently voted in as a Silver Fox Advisor Member and will be welcomed into the organization at the organization’s next Membership Meeting,” announced Joseph Tung, President of the Silver Fox Advisors. Tung added, “As the Managing Director of Sunbelt Business Sales & Acquisitions, Dan has been helping Houston area businesses for more than 20 years, and he has a tremendous amount of business selling and acquisition experience as well as expertise that will be of great value to the Houston area businesses to whom the Silver Fox Advisors provide their services. Mr. Elliott has received the professional designations of Certified Business Intermediary (CBI) and Master Merger & Acquisitions Intermediary (MMAI).”

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business owners and leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

Silver Fox Advisors August Lunch & Learn

“A SALUTE TO THREE OF THE 2022 BBB PINNACLE AWARD WINNERS”

Silver Fox Advisors today announced its annual highlight Lunch & Learn Program on Thursday August 24, 2023 will feature presentations from three of the Better Business Bureau of Greater Houston and South Texas’s 2022 Pinnacle Award winners. Joseph Tung, President of the Silver Fox Advisors, stated, “The honorees and speakers will be General Manager Lance Potter of Firefighting’s Finest Moving & Storage whose goal is to make the moving process stress-free by exceeding customers’ relocation needs with a focus on excellence and service; Helen Perry, owner of Helen Perry Corporate & Personal Image Consultant, who coaches individuals to optimize their unique presentation personally and professionally; andPatricia E. Mercer, President & CEO of the Houston SPCA, which provides lifesaving services for companion animals, equine and farm animals, nativewild- life, and exotic animals including tigers, bears and primates.   

Whether you have used these services or not, or if you are a business owner yourself, or you simply would just like to hear some great positive stories, you will want to attend this wonderful program. It is the program that our Silver Fox Advisors and their guests look forward to the most each year,” added President Tung.

The Silver Fox Advisors’ Lunch and Learn events are held at The Briar Club, 2603 Timmons Lane, Houston, TX  77027. To learn more about the Silver Fox Advisors’ Lunch and Learn Sessions and to register for this Thursday August 24, 2023 event, visit our website at (www.silverfox.org).  Seating is limited, and due to the special nature of this session, seats will fill up fast, so make your reservation today. Individual tickets cost $50 and tables of eight are available for $350. Doors open at 11:00 am. Lunch is served at 11:45 a.m., and the Program will begin at noon.                

Our Aug. 24, 2023 Lunch & Learn Program sponsor is The Better Business Bureau of Greater Houston.

“The BBB sees trust as a function of two primary factors – integrity and performance. Integrity includes respect, ethics and intent. Performance speaks to a business’s track record of delivering results in accordance with BBB standards and/or addressing customer concerns in a timely, satisfactory manner”   

      Silver Fox Advisors are proven business leaders who advise, consult with, and mentor other business leaders, CEO Roundtables, and entrepreneurship programs. For more information visit: www.silverfox.org

SILVER FOX ADVISORS

HONOR MONTE PENDLETON

Monte Pendleton

HOUSTON, TX (May 9, 2023) – The Silver Fox Advisors honored its founding member Monte Pendleton and his wife Linda at a Distinguished Service and Appreciation/Recognition Celebration Luncheon held on Wednesday April 26, 2023 at Maggiano’s in Houston, Texas.

Joseph Tung, President of the Silver Fox Advisors, declared, “In 1986 Monte Pendleton was a founding member of the Silver Fox Advsiors. He was a full active member for 36 years before becoming an Emeritus Member in 2022. Monte has served in every leadership capacity within the organization. The contributions Monte has made to the Silver Fox Advisors organization have helped to make the association what it is today”.

Monte is a firm believer in The Personal Purpose concept, which aligns an Entrepreneur’s professional and personal life so each benefits to the fullest.

Monte has provided his mentoring service to not only virtually every Silver Fox Advisor but to countless business owners and leaders in and around the greater Houston area.

Monte and Linda have also given their time and skills to mentoring inmates in the Prison Entrepreneurship Program (PEP). This program was started in 2004 is dedicated to delivering the nation’s best outcomes in the prison re-entry to society field. PEP provides unparalleled resources and real-world value-based business skills to inmates so that once they are back in society, they have the tools, skills and support structure to pursue healthy, fulfilling and productive lives.

President Tung also added, “At this event Monte was made a Chairman Emeritus, and the organization named its Emeritus Membership classification the Monte Pendleton Emeritus Council”.

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

SILVER FOX ADVISORS MEMBER

NOW A CERTIFIED EXIT PLANNING ADVISOR

Rich Hall

HOUSTON, TX (April 19, 2023) – Today the Silver Fox Advisors announced one of its Silver Fox Advisor members Rich Hall has earned a Certified Exit Planning Advisor (CEPA) designation from the Exit Planning Institute.

Joseph Tung, President of the Silver Fox Advisors added, “The Certified Exit Planning Advisor program, offered by the Exit Planning Institute, was specifically designed for business advisors who work closely with owners of privately held companies. Rich completed a rigorous 5-day program that involved approximately one hundred hours of pre-course study, thirty hours of classroom instruction, and the successful completion of a 3-hour proctored exam. Our Silver Fox Advisors are committed to programs like this one Rich Hall completed so our organization can continue to provide small business owners across the Greater Houston area with advising, coaching, consulting and mentoring that they are seeking through-out the entire business cycle”.

Mr. Hall is a Houston business advisor specializing in leadership development, business coaching, and consulting and now Exit Planning and Strategies. Additional information about Mr. Hall and other members of Silver Fox Advisors can be found at www.silverfox.org/advisors.

Silver Fox Advisors are proven business leaders who advise, coach, consult, and mentor business leaders, CEO Roundtables, and entrepreneurship programs.

Silver Fox Advisors have been sharing their knowledge, experience, skills and wisdom since 1986. For more information visit: www.silverfox.org

Meet Silver Fox Advisor

dick hendee

Richard Hendee

Richard is a Financial Services Industry Executive with 45 plus years of experience working with and listening to small business owners’ desires, ideas, plans and concerns and developing well thought-out and researched solutions that meet their individual needs or accomplish their respective goals in a mutually agreed upon manner that can actually become reality.

Proven track record in the following areas:

  • Business Plan Development
  • Effective Negotiating
  • Working with Financial Institutions
  • Financial Management
  • Relationship Building
  • Strong Analytical Skills
  • Organization Improvement
  • Dealing with Difficult Situations
  • Strategic Thinking and Planning
  • Budget and Forecast Modeling
  • Setting up Advisory Boards

Ideal Clients – (New clients are being accepted)

  • Businesses seeking conventional financing (including SBA Loans) for working capital, lines of credit, business expansion, fixed asset (equipment and real estate) acquisition and/or refinancing, purchasing a business, or a complete debt restructure.
  • Small to mid-sized business in any type of business segment with revenues from $1.0 million to $50.0 million which are located in the greater Houston, Texas marketplace.
  • Business owners seeking financial assistance, directional guidance, general business advice, and solutions to business questions, problems, and challenges.

P.O. Box 55
Katy, TX 77492
richard.horizon@mindspring.com
O: 832.437.3089 M: 281.217.4231

CHALLENGES TODAY’S WORKFORCE PRESENTS TO SMALL AND MID-SIZE BUSINESS OWNERS

by

Richard T. Hendee, a Silver Fox Advisor

Over the course of the last few months more and more of my clients have been working through some challenges in their experiences with today’s workforce. The issues are plentiful and range across the entire spectrum of the human resources function business owners deal with every day.

The first issue is trying to find qualified individuals to fill open positions. Experience is always front and center, but I am hearing that business owners are willing to take the time to train new incoming employees if the individual demonstrates some good potential.

Having good potential is the second issue. A number of today’s job seekers want to be hired for positions that meet their schedules and not necessarily that of the employer. If the business is a retail customer facing business with typically retail hours of operation, scheduling work shifts is challenging enough for a business owner, but adding the element of working around the hours the employee wants to work can be difficult.

Working from home vs actually coming into a business environment is also an issue- employers are facing. The COVID working from home experience became a real way of life for many workers, and some simply do not want to go back to pre-COVID going-into-the-office schedules. This is again a real issue for retail business owners faced with meeting specific retail hours of operation.

The pay schedules have completely gone off the rails. Yes, most employers want their employees to earn a livable wage, but the cost of living has increased so much in the post-COVID world that wages have increased dramatically as well. Payroll is the largest expenses for most employers, and when these higher costs can’t be passed on to the employer’s clients, then something has to give. Usually what happens is the employers try to find ways to reduce or streamline processes whereby they don’t need as many employees to get the work done while still maintaining quality service and product delivery.

Fast track advancement is another issue. Many of today’s potential employees want to be rewarded with frequent promotions working their way to that corner office with titles that look good to their friends, and in some cases, help pad their resumes. Typically, advancements in small and mid-size businesses do not happen on a short timeframe. When you work in the small business arena, employees frequently wear many hats and specific specialized positions simply do not exist.

So, what does all this mean to today’s small to mid-size business owners. Here’s what I have been telling my clients:

  1. Take a step back and assess your business needs and how you can do what your business does with the work force that is available today. This might include shifting to more part-timers and fewer full-time employees. If today’s workers want to work according to their schedules, you might have to adjust your work flows as well.
  2. Consider college students as a potential employee pool. College students typically are looking for extra money to pay for their education or for expenses that might not be covered by college loan programs or scholarship awards. In addition, these college students might be another answer to finding part-time workers.
  3. You also may want to look at seniors for potential part-time workers. Many seniors today want something more than staying at home if they are healthy and want to get out and meet people and stay active. Further, many seniors today often need to supplement their incomes to cover the increasing cost of living or health care. In addition, seniors may not need any training and may even offer some great suggestions from what they learned or experienced in their former careers.
  4. Review your job descriptions and make sure that they include things today’s work force is seeking: Things like we provided on-the job training and advancement opportunities. Then, you have to make sure that you actually make those things available and are not just using fluff words.
  5. Develop a reward system that recognizes good work when it happens, and reward your employees at that moment with gift cards, cash and praise for a job well done.
  6. Identify tasks that could be done remotely or even outsourced. This could lessen the number of employees you may need or the number of employees you need to be in the business’ facilities.
  7. Explore your business’ hours of operation and actual traffic flows. You might find out that you only have one or two customers that come into the business the first few hours or the last few hours the business is open. Just because you have been open from 7:00 until 7:00 for 20 years, you may not need to be open those hours any more due to customer life style changes over time.
  8. Review your pay levels for each job in your business, and for those jobs that could be done from home consider having different pay scale for in- the-office work vs remote work. Think about the fact that people working from home might consider a lesser salary because they do not have to pay to commute, to park their vehicle, or for meals out, child care, etc.

These are a few outside-the-box suggestions, and I am sure if you put your mind to it, you can come up with even more creative ways to meet today’s workplace challenges, because that is what entrepreneurs have been doing for years.

 About the author: Richard Hendee is a Silver Fox Advisor and the owner of Horizon Associates, Inc. Richard is known as “The Business Advisor”. He has been providing business advisor, consulting and mentoring services to small and mid-sizes businesses for more than 45 years. Richard can be reached at 832.437.3089 or by e-mail at richard.horizon@mindspring.com

UPCOMING EVENTS
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