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Motivation Mix: Inspirational Fitness Brand Words to Sweat By Pumps Us Up Like It's Their Job (Which it IS!)

Dana LardnerIf you've ever tried to get in shape, or simply struggle to get yourself to the gym on Monday morning, Words to Sweat By was made for you.  The company, founded by entrepreneur Dana Lardner, creates fashion and accessories products that provide sassy or serious motivation to get you up off the couch to the gym or perhaps push you through those last minutes of your workout.  Whether you're looking for sweatbands, a bracelet or something to towel of the sweat you left behind while completing that last mile, they have you covered.  My current faves are the mantra workout towels that are emblazoned with phrases including, "C is for Crunch not Cookies" and "Carpe Dumbbell". 

Clearly the fitness entrepreneurs at Words to Sweat By know what they're doing in the motivation department, which made them a natural fit for our Monday Motivation Mix.  Check out the tunes that get Dana moving in business and life below, via our virtual decks!

MOTIVATION MIX FROM DANA LARDNER OF WORDS TO SWEAT BY

Rockstar > Nickleback
This is the anthem to not taking yourself too seriously if you make it big. Plus, the lyrics are just fun to belt out at the top of your lungs on those days you need a release.

Never Coming Home > Sting
This song is about taking chances when you realize where you are is a dead end. Sting’s lyrics also remind me to tell a great story even if I have a short amount of time.

Body Movin’ > Beastie Boys
One cannot sit still when this song is playing so even if you’re stuck in front of the computer cranking through emails, you can bounce to the beat.

Shine Original Motion Picture Soundtrack
This whole album lets the creative juices flow. Put it on when you need to do some important creative writing or prototyping a new product.

Brave > Sara Bareilles
There is a lot to take away from this song – not only about using your voice to make a difference but also to be true to yourself. Sometimes small business owners can get lost in doing something because everyone else does it, but isn’t a fit for them. This is when it’s most important to be brave and forge your own path.

Not Ready To Make Nice >  Dixie Chicks
This is one of the best comeback songs out there. It’s great reminder that making a mistake in even in the most public of settings doesn’t mean you need to lose your dignity. As small business owners lots of things could go wrong that negatively impact the business but it doesn’t mean you have to pack up and go home.

Connect with Dana & the Words to Sweat By crew on social media and keep the "fitspiration" going! Give 'em a holler on Facebook & Twitter!
 

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Submit Your Questions for Pitching Local Magazines

Pitching Local Magazines

Local media still hot right right now, even as national magazines close and re-open (ahem, Newsweek) trying to figure it out in this digital culture. People are still reading local and regional magazines, and acting on what those magazines recommend and curate.

Pitching a local magazine can be different than pitching a national magazine. For our next live #TuneUp, our guest expert is Olivia Abel, editor and chief of the Hudson Valley Magazine, one of the largest regional magazines serving the beautiful train towns along the Hudson River, just north of New York City.

Best of all, we're taking your questions for this live interview. We want to know what you as a business owner have encountered when pitching the local media, and what you've always wanted to know before pitching an editor or reporter for a local magazine.

Submit your questions in the Comments below!

Register for the class and attend "in person" via your phone!

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Cure Work "Blockage" By Answering These 3 Questions

Every week at Tin Shingle, we host a digital meet up, a live #TuneUp as we call 'em, during which we speak live (and on camera!!) with members digitally tuning in everywhere from San Francisco to Brooklyn! Though the #TuneUp is chock-full of education and conversation all based on helping small biz owners and entrepreneurs build buzz for their brands, we always like to start with a little bit of inspiration.  Some weekly seeds of motivation and at times, entrepreneurial self-reflection to plant in the heads of our "digital studio audience".  This part of each weekly #TuneUp is near and dear to my heart because I think that taking care of yourself, your head and your heart as a business owner is just as important as mastering business strategies.

In this past week's #TuneUp, I was reflecting on a recent coffee date I had with a fellow entrepreneur who asked for advice about a situation I'm sure several of you are familiar with: she felt stuck and blocked in terms of the success of a specific business project.  She thought it would be much easier to accomplish but it just wasn’t happening. The frustration was getting to her, especially because she felt as if she'd checked everything off of her project To Do List but it still wasn't giving her the results she expected. 

I was more than happy to talk about this with her and was glad she decided to turn to me because believe me, I have been there, and I have done that.  More than once.  Because I’ve dealt with this "blockage situation" in the past I saw myself as a kid who has already been vaccinated from chicken pox (i.e., the blockage), or more accurately, like a doctor who had the vaccine for it in the first place - and this vaccine doesn't come in shot format (PHEW).  Instead, I'm going to share what I shared with my small biz buddy.  It's a set of three questions I ask myself when I feel like I'm working a lot but not achieving the results I want, my  "Cures for Blockage Questionnaire"

I encourage you to think about a situation at work (or in life) that you're dissatisfied with and have it in mind when you ask these questions.  Usually by the time I get to the end of the list, my head and heart know what the next steps to freeing myself from the blockage are...

CURES FOR BLOCKAGE QUESTIONNAIRE

#1 Have I set the stage for success? 

This means: Creating a productive and positive work space that gives you the opportunity to make some focused and dedicated business happen.  A space that gets you in your zone and enables you to work calmly, in the way that you work best.  This is different for everyone but I cannot stress how important it is to create a space that "works" for you to make your projects, tasks and business happen.  I personally need a quiet space (I'm not the kind of gal who can work with music on), a candle and heck, I even add flowers into the mix.  They make a difference to me, and that's all that matters.  I make my work space a happy space.

This means: Setting aside enough focused time, dedicated time, to get your work groove on.  Cramming a ten item to do list into a 15 minute time span just makes you the equivalent of a stressed out, overstuffed, small biz sausage.

This means: Setting the stage for your brain as well.  Have you slept well, worked out, taken care of yourself and done the things you need to do to get your mind into that zone?  To get yourself motivated and focused?  I know I personally can only focus and calm down if I’m regularly exercising and meditating, and if I don’t I get stressed and crazy. A stressed and crazy person has a harder time being successful.  Truth.  You can quote me on that.

The point of this first question is to really call you to reflect on the fact that your business is secondary to yourself.  If you can't create both an internal and external environment of calm and awesomeness you cannot expect to produce at your highest potential!

#2 – Am I avoiding things that make me feel uncomfortable that by NOT doing them is holding me back from my goals and success? 

Often it's not what we are doing that is causing a blockage but it is in what we're not doing where the problem lies.  What could you be avoiding that could be holding you back from success... Here, I've made a list of  options for you: phone calls, pitches, talks with employees, updating your business plan, organizing your work finances, "proclaiming" your purpose, passion or project with the world, asking for help on something you're stuck on...BE HONEST WITH YOURSELF.  Maybe it's sharing your business dream with your "day job" collagues.  Maybe it's avoiding a phone call to a member of the media who has not been answering your emails for months.  Maybe it's letting go a freelancer or intern who has been taking up more time or money than they are producing work wise...These little and big things we avoid are the little and big things that hold us back from our truest and biggest business potential.

And here's the kicker...

These things you're avoiding?  They are far worse in your head than in reality.  The stress may not even be coming from them, but from your subconscious fretting over you not doing them in the first place.  Think about that for a moment...

#3  - Can I honestly look myself in the mirror and say to myself “YES! I’m doing and giving 100% and really putting my whole self into it, in fact at times I'm working smarter or harder than others in my field?"

Before you tell me, Sabina, I cannot work any harder, and no I cannot work as many hours as my competitors because I have a day job/daughter/disorder that only lets me work 5 hours a day.  I didn't say work longer, I say work smarter or harder.  Often when we look internally we can admit that we're not as disciplined as we could be. 

Can you really reflect internally and answer affirmatively if you asked yourself, "I’m working as hard as I know I can, and as focused as I can and it’s still not working”.

This question reminds me of a conversation I have had more than once with my dad, a physician.  He has seen some patients for years who have been trying to lose weight, insisting that they want to get in shape and drop some major "LB's" but every time they come in for an appointment with him their is barely a change on the scale.  They say they want to lose weight but in truth, they aren’t really eating healthy more than a few days a week, they aren't working out as regularly and aggresively as they can, and are making minimal changes to their lifestyles.  Sure, others are making bigger changes than they have in the past, but they still aren't doing enough.  Because of that, they aren't losing the weight they want.

Now SURE you can tell me, "But Sabina, losing weight is hard, super hard."  I don't disagree with you, but so is running a successful business, or accomplishing any goal you really want to reach.  If the goals you wanted to reach were easy you wouldn't be reading this right now because you would have finished them ages ago.

So let this third question be one you examine in and reflect on over the weekend...Are you REALLY giving it your honest effort, disciplined effort and giving everything it takes to make it happen?  Are you cheating, or trying to take short cuts?  Are you taking the classes you need to take, learning the skills you need?  Are you really working productively or are you watching cat videos on YouTube more than you should be?  Are you avoiding taking action steps on a project because you’re afraid it may not turn out the way you want?  (That's a biggie for many too...)

Whatever the reasons, to unclog yourself you must be able to look yourself in the eye in the mirror and say YES I’m REALLY throwing myself into it and not holding back. 

Pitch Makeover: Yoola Designs Product Pitches Get Tweaked & Discover the Power of the Root Pitch

The act of pitching can be one of the most daunting and frustrating parts of a DIY PR campaign for a small biz owner.  In fact, creating the "perfect pitch" can be a stressful situation for full time publicists as well, so cut yourself a little bit of slack small biz owner! That said, at Tin Shingle we're always trying to find new ways to make the buzz building process easier on you, which is why we're super excited about our new content series created to do just that:  the Pitch Makeover series.  In this series we'll randomly select pitches sent to us by small biz owners like you and make the over, highlighting the changes we made in it so you can learn from mistakes you may be making, and use them as a model for creating your future pitches.

Today's pitch comes to us from Yael Falik, the founder and chief designer of Yoola Designs a company that makes stunning, crocheted wire jewelry, as well as provides custom pieces, jewelry making kits and more.  One glance at her work and you'd think magazines would be clamoring for Yael's pieces for their accessories spreads, gift guides, bridal stories and more, yet she was sending out pitches and barely hearing anything back in response. She sent us some examples of the pitches she'd been writing and our Pitch Makeover Team was on the case!

First, check out her original pitches Below!  She wrote a pitch for fashion press, bridal and for a gift guide. 

Yoola Designs Original Pitch Gift Guide

Yoola Designs Original Pitch Fashion

Yoola Design Original Pitch 3

Now let's get our makeover on.  Here are some changes we decided had to be made to get this pitch read and hopefully, get Yael some more attention and press:

Changes to be Made:

  • Subject line: make it more clear, captivating and direct.  The original versions were a bit vague and didn't draw us in.  We changed them for each pitch to speak to who Yael was and what she was offering.  The Subject line is the first moment that the person you’re pitching connects with you and your brand.  Sure you want it to be enticing, but if it’s “too clever” or not crystal clear to an outsider (outside of your biz that is) what you’re talking about, they’re less likely to open it.

Yoola Designs Root Pitch Subject

  • Introduction: After a greeting and hello (good for Yael for including this, many people don't), we got right to the point about who she was, what she does and why she was writing.  Remember, for all of the pitches Yael created she is basically promoting her products, just to different type of stories.  That means the person she is pitching is interested in learning about her product and why their readers may be interested in it, and learning this right away. Some of Yael's original copy was artistically minded but not really clear on her brand or intent, and an editor or reporter has such little time, they want the scoop fast and clear.

root pitch intro

  • Once you give them the facts, you need bullets!  Bullets are every pitch's best friend and allow Yael (or any biz owner) to share the unique features or "must knows" about their product, in a way the eye can digest and see easily.  These bullets will probably be similar for every type of pitch you create for your product, so you can always start with a set list, and then tweak them depending on the outlet you're pitching.  It should always include your offerings (you can describe your collection or link to specific parts of it for them to see more), your materials, your pricepoints, where people can buy and any other details that will make people say WOW and YES.  We also included a little bit about Yael herself in the bullets, because though she isn't the subject of the pitch, a little bit about the designer - especially one with an interesting story like Yael's - is a must!

root pitch bullet points

  • Though Yael didn't do it on her pitches, let me caution you on hyperlinking in your pitches or putting any links in that don't have clear destinations (for example saying, "I think you'll love what you see here" followed by a link).  People won't click on hyperlinks from people they don't know, which could mean they say no to you before you even show them your stuff!
  • Images are major to a brand like Yael's, though in her first set of pitches she only uses one or two images embedded in each pitch, which is too small a glance at her depth and range as a designer.  We knew she could show off visually better than that, so we made a collage of pieces all within one image to really share her collection.  We added in a more clear and larger image of pieces she created (to get them excited) and used Fotor to do this (it’s free and easy).  If you aren't sure about how to use images correctly in your pitch (an without attachments) read this here!

Yoola Designs

  • We always sign of with a subtle call to action inviting people to check out the collection, mentioning that we'd love to work together, so forth.  We did this in Yael's as well, to keep the ball rolling for her!

root pitch closing

But wait, there's more!  As you may have gathered from Yael's pitches and our responses, she's actually in need of first perfecting just one product pitch - a "Root" product pitch, as she can then use that pitch to work from for any type of specific product pitch. In other words, use the Root Pitch and spin it into a Bridal Pitch, a Gift Guide pitch, etc.  You just have to tweak a bit of the copy of the Root Pitch.  We did this for Yael by creating a root pitch for her accessories outreach, then creating a bridal and gift guide pitch off of that...

CLICK HERE TO SEE HOW WE TRANFORMED THE PITCHES

Want to submit your pitch for our Pitch Makeover Series?  Email info@tinshingle.com!

Most Common Pitching Mistakes You Need to Stop Making Now as a Small Biz Owner Pitching the Media

Tell me if this situation sounds familiar to you…

You spend hours – maybe even days – perfecting the perfect pitch to share your awesome story, product or service with the media.  When you finally send it, the only response is, well, no response!  Silence.  Crickets.  Before you start blaming yourself or your business, the issue could be in your delivery. 

We talk and teach about how to pitch the media properly all day long at Tin Shingle and we also see several pitches that business owners like you write that need a little bit of TLC in the copy department.  In fact, many of them make the same mistakes, and some keep on making them, which is why we thought we’d remind you about some of the most common mistakes small businesses make when pitching the media, so you can stop making them for good, and start making awesome press happen!

  • You Skip the Hello and Dive Straight into the Pitch:
    Would I walk up to someone I didn't know in a meeting or on the street and just start talking about myself or my business without even saying hello and introducing myself first?  Of course not, so why do so many small business owners do that in their pitches?  Don’t let manners go out the window just because you’re writing an email.  Instead, begin every email with a Hello/Good Morning/Good Afternoon [Insert Media Contacts First Name Here], followed by an introduction to you, your company and your purpose of writing them.  This all sounds like a no-brainer but it’s missing in at least 1/3 of all pitches I review.  If you regularly remind yourself that you’re not just mass pitching when you send out an email, but instead you're creating long term relationships with key members of the media, you’re much more likely to make an authentic introduction every time!
     
  • Subject Line Issues:
    There are a few categories of email subject lines when pitching the media that do not work.  I categorize them as in these three groups:
  1. Too Witty These are the types of subjects that are so clever and witty that the reader doesn’t even "get" what you’re writing about, thus they may not open up your email in the first place.
     
  2. Too Vague These have included people writing only a reporter’s name or show title in the subject line to those just writing their company name in the subject line.  Though your email subject should be brief it should also be clear why you’re writing.  This makes your email look more legit (and less like spam) and also helps the recipient know exactly what you want answer wise, so they can provide that answer or direct you to someone who can. 
     
  3. Finally, the last category of subject line issues is the Poor Grammar or Punctuation situation.
    If you use too many numbers, punctuation marks or capitalized letters you may be caught in spam filters.  It’s also just not acceptable to use symbols or multiple exclamation points or caps in email subject lines unless you’re writing fan mail to One Direction.  Keep it professional and spam-free!

    SEE ALSO: [Recorded Class] How to Use a Magazine's Editorial Calendar to Get More Press
     

  • You leave out a link to your website (not a hyperlink by the way): Here’s a quick tip for email pitches: make your company’s website address easy to access within the first sentence or two of your pitch.  People want and need to get to your website to learn more, and they don’t want to dig through your email to find it.  Help them get there immediately by providing the URL for them.  Like this: www.mywebsite.com. Not like this "Click here for my awesome website!" When you do provide the link, do not hyperlink to it from another word or phrase.  People do not like hyperlinks in pitches, because unless you’re best friends or colleagues they cannot trust where that hyperlink will lead them.  To review: do provide your website address early in your email pitch, do not hyperlink to it, and do not hyperlink to anything in pitches in general.  It’s bad pitching etiquette and lowers your chances of being impactful and getting a response.

     

  • You Don’t Use Bullets:
    It’s hard for me imagine writing any pitch to someone that doesn’t include bullets.  Eyes love bullets.  Pitches love bullets.  The media targets you’re pitching love bullets.  Bullets are “PR sexy”, a giant paragraph of copy is a total turn off.   If I’m talking about a product, I outline the unique selling points or cool facts about it (from price to performance) in bullets.  If I’m sharing an expert and what they can give advice about I’m incorporating bullets.  This article you’re reading right now uses them – imagine if it was all just one long paragraph.  You feel overwhelmed before you even begin reading it.  Now imagine if you’re a busy reporter or editor or producer.  You have the patience to skim through a few sentences of an introduction but after that you’re eyes are going to want the info you need to be chunked out in bullets.  It makes it easier for you to find and digest the important information

     

  • Improper use of images (attachments to strangers):
    You know how when you were growing up your parents told you to never talk to strangers? Here’s a PR-version of that rule: never attach to strangers, meaning, never attach images (or media kits, or anything else) to emails to people you do not know.  That doesn’t mean not using images – if you can master the art of embedding an image that’s a great alternative.  Otherwise, you can send a link to your information, products, media kit, look book and more in the email (specify what each link is to).  Ask them for permission to send them an attachment of these things.  One more thing: If they ask, then you want to send it back to them right away. Don’t wait too long. You want it sent to them while you’re still fresh in their minds!

    SEE ALSO: [Recorded Class] PR Mishaps & Mistakes: We Answer YOUR Questions About How to Handle Them

     

  • It’s Too Long:
    Pitches, like cologne, fit into the life category of “less is more”.  If you can’t boil your pitch concept and business idea down to a brief, clear and concise pitch, then you need to rethink what you’re trying to say and how you're saying it.  An elevator pitch delivery isn’t just something you do on the phone or in person, it’s how you really pack a punch when e-pitching the press!  Deliver the information completely and in order of importance and quickly.  If you can’t do this your pitches, they may not be read at all!  The art of pitching is one you have to practice and study, but if you invest the time and effort into it you can become a master at creating the perfect, concise and to-the-point work of PR art!

Does your next media pitch need to be "pitch whispered" and edited to perfection?  Let us know, we can help!
 

Motivation Mix: Dot Girl Founder Kathy Pickus Shares the Music Behind Her Inspiration & Innovation

 

You know when you discover a cool business or product and think to yourself, I cannot believe no one created that until now, or why didn't that exist when I was younger?  That is exactly what I thought of when I discovered the Dot Girl brand, which then led me to wonder what type of tunes are behind founder Kathy Pickus and her great ideas, and what music makes her tick and create.

Lucky for all of us, Kathy has taken over the virtual turntables this week and the songs she shares from her motivation playlist are sure to pump you up and help your great ideas flow as well.

 

MOTIVATION MIX OF DOT GIRL'S KATHY PICKUS

Can't Hold Us > Macklemore
Living in the Seattle area requires  that you have a favorite Macklemore song.  Mine is 'Can't Hold Us'  because nothing is going to stop me from getting the Dot Girl Kit out  to parents and their daughters. The song makes me get busy every time I hear it.

Do You Hear the People Sing from Les Miserables
This song from my favorite musical always stirs my soul to go out and conquer the world.

Here Comes the Sun > The Beatles
Things can get pretty bleak sometimes when you are running a business, stuff goes wrong, you are all alone against the world.  I play this song to remind me that things are going to get better.

Graceland > Paul Simon
When I want to dance in my chair to wake myself up this is the song that gets played.

Roar > Katy Perry
Have had lots of knockdowns in my business, but I always get back up.  Katy helps with that.

Moves Like Jagger > Maroon 5
I take a Zumba class almost daily to keep me sane and in shape and this is one of my favorite dance songs.  I not only want to move like Jagger but be as successful as he has been.

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Celebrating #SmallBizStyle Using Pantone's Radiant Orchid Color of 2014

Pantone's Color of the Year 2014 Radiant Orchid

 

Design enthusiasts know that each year, Pantone, the official color creator for most every color palette in your home, mail, brochures, and more, declares an official color of the year. For 2014, it's Radiant Orchid. According to Pantone, “Radiant Orchid inspires confidence and emanates great joy, love and health. It is a captivating purple, one that draws you in with its beguiling charm.” 

Media outlets from the Wall Street Journal to Apartment Therapy are going wild over the range of products or branding available in Radiant Orchid. So we're going wild over our small business members and friends who use this shade of purple-ish pink in their branding or products.

Peggy Li Radiant Orchid Necklace
Peggy Li
These colorful gemstones are teeny tiny and come in an unusual coin faceted cut. In purple amethyst, light blue topaz, yellow citrine, red garnet or sparkling white topaz, approx. Wear a bright bit of gemstone sparkle that makes a perfect, understated but rich-looking gemstone necklace.
Shop this >
Emily Elizabeth Uses Pantone's Radiant Orchid
Emily Elizabeth Jewelry
This gold plated flower petal necklace is reversible allowing for two different colored crystals.
Shop this >
Lisa Robins Jewelry in Pantone Radiant Orchid Lisa Robins Jewelry
This lovely style features a small medallion and cushion cut drop to be worn as a necklace. Gorgeous gemstone hangs from an original design in sterling silver and is sure lend beauty to any outfit.
Shop this >
Words to Sweat By Uses Radiant Orchid for Transform Inspirational Band
Words to Sweat By
Motivational jewelry to wear while you sweat. This bracelet features a textured aluminum charm that is hand stamped with the word "TRANSFORM" strung on a bracelet made of lightweight gray jersey knit.
Shop this >
Warm Tradition Uses Radiant Orchid for Hot Water Bottles Warm Tradition
Warm Tradition Hot Water Bottles are fabulous to use to soothe and calm children. Children love to cuddle with plush warm companions. Let this child-size cozy hot water bottle work its magic. A Classic Child-Size Hot Water Bottle made of thermoplastic is covered by an extra soft fleece cover that ensures a long lasting heat or cold.
Shop this >
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Share Your #Resolution in #SmallBizDiaries

Small Business ResolutionsA hot topic in the media and in online news stories right now is resolutions. Tin Shingle members are encouraged to share their business resolutions with our readers by adding a #SmallBizDiary entry that highlights one (or more!) of the resolutions they are making these year as a small business owner. This could be a resolution to grow  business and a new plan for it, or even a personal resolution improve one's life in order to work smarter. We are tweeting these with the hashtag #Resolution!

Katie, co-founder made a resolution and shared it here. Members can add a SmallBizDiary entry at any time. We do review them and may suggest edits to improve it for SEO or to make it more pinnable to Pinterest so that we can add it to our Pin Board with other #SmallBizDiaries.

 What are your resolutions? Share in the comments below, or share on a grander scale by starting a Tin Shingle membership.

HSBC Squeezing Small Businesses for Cash and Transfers

HSBC Small Business ScandalThe HSBC scandal continues as small business owners scramble to get their cash out of the bank. Since HSBC closed small business accounts this month, and to many people apparently without warning, employers have been hounding the bank to get their cash out in order to pay employees and bills. Not to mention if people elected for paperless bank statements and needed to access statements at tax time, but the bank would not or could not release them.

The trickle effect continues, as many businesses use PayPal to process orders online and take credit cards from clients over the phone or via a payment button or link. The cash that sits in PayPal that is normally transferred to a bank account needs a business bank account in order to be transferred. If the bank account for that small business was at HSBC, then the funds are frozen in PayPal as well.

Brett King, founder of Moven, speculated in a comment on our earlier blog post that he suspects something grander is going on at HSBC, since closing accounts at Holiday time is so...extremely uncouth and hurtful to pocketbooks and thus moral.

Could it be that HSBC has bigger problems? Since they violated the Trading with the Enemy Act? And a slew of other money laundering acts as reported by Rolling Stone in their article "Too Big to Go To Jail" published in February 2013?

According to the article: "Flooring politicians, lawyers and investigators all over the world, the U.S. Justice Department granted a total walk to executives of the British-based bank HSBC for the largest drug-and-terrorism money-laundering case ever. Yes, they issued a fine – $1.9 billion, or about five weeks' profit – but they didn't extract so much as one dollar or one day in jail from any individual, despite a decade of stupefying abuses."

Also according to the article, HSBC's American subsidiary was served a cease-and-desist letter for operating in the United States in 2003 unless they cleaned up their act.

Alrighty then. Where best to keep business money these days? Even when we need money in digital forms to zip over to vendors or employees or pay bills?

Watching small businesses lose access to their money is quite unsettling, and makes the account itself feel like what HSBC is required to warn about with regard its investment accounts, from a screenshot taken from their website:

HSBC May Lose Value

Too small to read? Its warnings for investments include:

  • MAY LOSE VALUE
     
  • ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES
     
  • ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES

Sadly, bank deposits made by small business owners are feeling as if they just got screwed, were not protected, had no guarantee of a reliable bank account, and lost value when they haven't been able to access their cash for weeks. Especially when the business bank account is connected to another money holding account which depends on the former to make a withdraw.

Shocking.

Merry Christmas: Your Biz Bank Account Has Been Closed, Regards, HSBC aka Scrooge

 

Twas the week before Christmas and all through the house, not a creature was stirring, except for the occasional Brooklyn-based, unavoidable, mouse...Now with that much unusual and uninterrupted time to work (on a Saturday no less) last weekend at in my home office where this story begins...

While paying my monthly Sabina/Red Branch PR work-related bills I received a strange email: my LinkedIn account needed to be updated.  It appeared by debit card wasn't working.  Hmmm...a warning bell went off in my head that something was up.  That said, I filed it away in my head and decided to keep paying my bills.  While processing an Internet expense and then one for my health insurance (shout out to Freelancers Union), I again came up against the same barrier: my account (whether credit or PayPal payment) wasn't going through.  Warning bells turned to alarms.  I always know where I stand as a business financially and this was definitely out of the ordinary.  I quickly logged onto my HSBC online banking account and was met with even more panic-inducing news: my account was no longer available.  "Perhaps the site is under maintenance", I told myself as I called customer service.  "Perhaps they set up a fraud alert as I've been out of the country for the past few weeks and did a few payments from there."  After getting my answer from a call center abroad, I realized that the truth was worse (and stranger) than what I imagined...

After being passed to various operators abroad who were clearly just reading a vague script to me, it became apparent that HSBC had unceremoniously and without clearly alerting me (no calls, no emails, I personally received no letter) had closed my business account.  It seems that I, along with thousands of small business owners, have had their accounts closed, mainly because we do not do enough/any international business.  Though HSBC claims they sent form letters about this out in September, I never received one.  Nor did Huffington Post's Brett King (also author of Banking 2.0) who discovered that HSBC had closed his account the hard way: while trying to pay for a cab home after a business trip.  For some reason, I bet we're not the only ones who discovered our account had been unceremoniously closed down simply because we tried to use it.

In some ways, my situation was a fortunate one: I had paid the people who work for me the week prior to this situation, so at least no "real people" were directly hurt by it, except for me.  That's not to say this isn't a major hassle:  bills had to be intercepted, accounts had to be updated, oh and wait, didn't I mention this part:  all the money I had in HSBC is currently in limbo.  It's "being mailed to me". That the same person who told me this at the call center also claimed they mailed a letter about the planned closing of my account to others including Brett and myself, and we still haven't seen that either.

Listen, I am not mad at HSBC for wanting to only serve those who work with more international accounts.  I don't care if they only want to work with people who bring in $500k or more a year, I don't even care if they only want to serve people who dress as cats. The point is, it's not what you did as much as how you did it.

I urge you to read about the current HSBC small business fail.  I've highlighted a few outlets below with great coverage of the ongoing situation:

Brett King's experience via his piece: When HSBC Closes Your Account Without Telling You

Shayndi Raice of the Wall Street Journal Talks: HSBC Cuts off Some Small Biz Clients

In Canada they're also talking about it! Check out this newscast: HSBC axes small business owners' accounts during holidays.

As for me?  Well I'm moving on up to see what Chase Small Business Banking has to offer (it sounds mighty nice), after all, we're already using and loving it at Tin Shingle.  I'm also removing all personal and professional accounts from HSBC - sure they still offer personal banking but my trust and respect for them as an entity no longer exists.  After all, in business (and in life) how you do anything is how you do everything...

Final thoughts? Bah Humbug to you HSBC!

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