Wednesday, April 16, 2014

You Digital Presence Precedes You

Have you ever Googled yourself? I did, and it was both amazing and scary. Every single piece of information you've ever posted - every blog, quote, tweet, and response - it's all there streaming down the Google page, for everyone to see. 

Digital Precedes Physical

If you haven't Googled yourself, I can guarantee someone else has. Whether it's potential clients, prospective employers, love interests, or long lost friends from the past; someone has probably looked for your online presence before. 
Once it became apparent that everything posted on the Internet is essentially permanent and easily accessed by everyone, the advice against posting incriminating photos and posts began rolling in. Millennials have been the biggest victims of this, as they've grown up surrounded by this virtual portal into their lives. Posts of underage drinking, sex, and other illicit acts have quickly reaped their consequences on these young Internet users. 
But for the older generations, the lack of online presence can be just as damaging as having an over-the-top, shares too much presence. It's important to have a presence, especially if you're looking to change careers. But, having an online presence is also a great way to reconnect with friends and business colleagues and leave an online presence for future generations. 
If you're looking to make your business grow, creating an online presence is a great place to start, both for your business and your professional self. Remember to create that LinkedIn page or that a business geared Twitter you may have been putting off. Just spending ten to fifteen minutes a day toward your online presence can increase engagement and awareness for potential customers/clients.
And as LinkedIn guru Marc Halpert has reminded thousands:
"Not having your picture posted on LinkedIn is like having a business card without your name on it!"

Monday, April 14, 2014

Tin House Books' Newest Release "The Dismal Science" is Highly Reviewed in the NYTimes Book Review

Tin House’s (Benay Client) newest book received a rave review in the New York Times Book Review.  “The Dismal Science” by Peter Mountford is replete with Dante references and homages with “Purgatory [as] the underlying structural metaphor of the novel.”

The story follows Vincenzo D’Orsi, a 54-year-old banker as he leaves his cushy corporate job due to moral differences, as the bank will cease funding to Bolivia if the leftist candidate, Evo Morales, wins.  D’Orsi believes this goes against the mission of the company and gives the story over to a reporter friend. The story blows up and obviously D’Orsi’s career with the bank is over. To further his spite against his former company, D’Orsi chooses a new job with Morales’ public relations officer and chooses to give a speech on Morales’ behalf.

“Peter Mountford’s fierce imagination and intelligence drive ‘The Dismal Science’…Though many of the themes examine a darker shade of human nature, Mountford manages to infuse hope.” As D’Orsi traverses the new adventures life has laid out before him, it becomes apparent that Dante and Machiavelli is a driving force behind his (and Mountford’s) intellectual thought.  “They are integral to his attempt to make sense of where he is and reflect on the geopolitical landscape of 2005, shaped senselessly by the erratic nature of human behavior.”

Martha McPhee couldn’t have been more pleased with “The Dismal Science.” Her analysis and interest in the themes make the book a desirable read. We wish Tin House Books and Peter Mountford the best of luck as “The Dismal Science” (hopefully) takes the literary world by storm.

You can purchase a copy of the book through Tin House’s website.

Tuesday, April 1, 2014

Benay Clients, Akashic Books & Overlook Press Have Books Reviewed in the NYTimes Book Review

This past Sunday’s New York Times Book Review was a big one for two of Benay’s clients. Drawing Autism from Akashic Books received a shout-out, and Wonderkid from Overlook Press received a lengthy review.

Akashic Books

Drawing Autism is a compilation edited by Jill Mullin, a clinical therapist. Much of the artwork is from Glen Russ, “who at an early age developed a passion for music and art.” Mullin was fascinated and decided to explore the relationship between art and people with autism. “Russ’s pictures are primitive but not naïve, while other works in the book are more advanced.”

You can purchase Drawing Autism from Akashic’s site. If you order through Akashic, all copies of Drawing Autism are SIGNED by editor Jill Mullin, while supplies last!

Overlook Press

Wonderkid by Wesley Stace is the story of Blake, a rock ‘n’ roll obsessive, whose band, Wunderkinds, gets rebranded as “Wonderkids, a brightly costumed rock ‘n’ roll act for toddlers.” After Wonderkids’ first tour is scheduled and Blake is on the bus to leave town, the novel curiously adds a first-person narrator.
Lucinda Rosenfeld describes Wonderkid as “winningly dry, occasionally hilarious and enervatingly long-winded.”

You can purchase Wonderkid from Overlook Press’ site.

Benay wants to wish these two publishers, the best of luck and continued success as they continue wowing the literary world.

Thursday, March 27, 2014

Creating an Innovation Community

Israel is home to a very unique business, and life-saving idea. United Hatzalah of Israel is a unique emergency response organization that has trained volunteers ready to respond at any moment by “Ambucycles.” These bikes are equipped with various emergency supplies, such as trauma kits and defibrillators. The “ambucycles” provide not only fast response times, but also allow the volunteers to be prepared and fully equipped to deal with emergencies. These volunteers can be doctors, nurses, or paramedics, and are on call every minute of every day.

This remarkable organization uses a system called LifeCompass. This innovative system “draws a virtual perimeter around an incident that is entered into the system. It then alerts only the medics in a predetermined radius to the incident.” LifeCompass is a spectacular system with 2,000 members signed up, ready to be alerted of and respond to any emergencies in their vicinity.

The goal of the United Hatzalah is not to overstep the local ambulances and hospitals, but instead, to provide emergency care prior to the ambulances arrival on the scene. On average, it takes six minutes for an ambulance to arrive; whereas, it takes the United Hatzalah less than three minutes. The United Hatzalah use these three crucial minutes to provide potentially life-saving care to those waiting for help. This “pre-ambulance” system is genius and effective, having responded to roughly 210,000 emergencies in one year.

Although a system like this is expensive to operate, any country would benefit from implementing a “pre-ambulance” response system similar to the United Hatzalah.  There are many generous people in the world like Mark Gerson, the co-founder of the Gerson Lehrman Group and philanthropist, who can donate money toward saving lives.  Mark Gerson donates around $1 million a year to the United Hatzalah.

Israel has truly set a new standard of emergency care that should be mimicked around the world. What do you think of this business idea? Would it work in the U.S.?

Jason DeLeo Jr., Intern

Tuesday, March 25, 2014

Benay Client, Steerforth Press, has a Newly Reviewed Book in the "New York Times"

Benay is always excited to see our clients getting the positive press they deserve. This time the praise is for Steerforth Press, whose new book The Spinning Heart by Donal Ryan, was favorably reviewed by The New York Times.

The Spinning Heart encompasses 21 chapters, each chapter narrated by a different character from a run-down Irish town. Each character has been negatively affected by the economic downturn, in which the local town developer has left town, leaving the laborers stuck. As Daphne Kalotay writes, “Each speaker has been wounded — by the economy as well as by grim parents, cruel lovers, violence, mental illness and the grief of accidental loss.”

“While the material often feels familiar (we even meet the kindhearted town floozy, now aging and abandoned), Ryan writes with compassion, honesty and an appealing deadpan humor.” Kalotay notes her hesitation at reading a chapter narrated by a completely different chapter, but says that Ryan seamlessly connected them so that she “rarely had to check back to keep everyone straight.”

Benay would like to extend their congratulations to the Steerforth Press team and author Donal Ryan and wish them continued success. You can purchase a copy of The Spinning Heart here.

Wednesday, March 19, 2014

Family Offices: A Supercharged Benay for the Super Wealthy

If you're not a billionaire or up-to-date on the financial trends of the super-rich, you probably haven't heard of a "Family Office." A Family Office is essentially a supercharged Benay for the super wealthy. 

"Jon Carroll, president and chief executive of Family Office Metrics, a business consultant to Family Offices, said the best ones act like multidisciplinary professional services firms with experts in investments, auditing, legal services, tax preparation and compliance all under one roof, with the family as the only point of concern." Though, not all Family Offices are so extensive. 

It probably goes without saying that a Family Office isn't cheap. "Charlie Grace, managing director at the Family Office Exchange, said the annual costs could run from $400,000 for a couple of employees for a $100 million family office - which would be on top of investment management fees - up to $8 million to $12 million per year for 30 or 40 employees at a multibillion-dollar office." 

It seems that one of the largest driving factors behind utilizing a Family Office is the emphasis on confidentiality. While all of us cherish our privacy, establishing a Family Office offers protection from filing certain documents with the FCC, hence the greater discretion offered in the creation of such an entity. The other attraction is that Family Offices keep the finances within the family. Their number one concern is the family and their financial security, prosperity and successful financial longevity - all concerns that the wealthy and the hoping to become wealthy share. 

"Mr. Carroll said that when family offices work well they give a family three things: control, security and quality." 

In the New York Times article, "A Family Office for the Superrich, and Lessons for the Less Wealthy," author Paul Sullivan emphasizes that virtually every household has a Family Office. Of course, it is on a much smaller scale, but it is also important to find a balance between family members. "Tavan L. R. Pechet, president of Pechet Advisors, who previously ran a family office" explains that "you need to select the right team, manage them effectively and get them to work together. The important challenges and benefits in life come back to families: how they work together, how they can collaborate and cooperate, how they can educate their children and give back to their communities together." 

THE BENAY WAY While not everyone is in the market for a true Family Office, we treat our clients like the important families of individuals that they are and offer a team to help them effectively manage their business and finances. Besides business management and back office services we connect our clients to a wide range of service providers they need through our trusted associations with attorneys, accountants, financial advisors and others. We offer most of the back office services required by Family Offices but at a fraction of the cost and all under one roof, ensuring that they receive the highest quality of service.

Monday, March 17, 2014

Benay Enterprises is featured in the CEDF's 2013 Annual Report!

The Community Economic Developing Fund has released their 2013 annual report and it features a page on Benay Entperises. You can view the entire document here!