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CASE STUDY: New Sales Plan Helps Software Company Expand Into New Geographies
Simple Thread, a custom software design company, has grown significantly since its incorporation in 2010. Primarily focused on serving small and mid-sized companies in the Central Virginia region, the co-founders hired Fahrenheit Advisors to develop a sales plan to target future growth, win new business, and expand beyond its current geographic market.
Fahrenheit took a two-phase approach. First, it completed…Read More -
How an Accelerated Financial Close Boosts Your Post-COVID Agility
There’s never been a better time to be more agile, more efficient, and more knowledgeable about your business financials.
Your business, like so many others, is on the cusp of a collective post-COVID comeback. Experts say the U.S. economy is about to boom — or, to use the words of the Federal Reserves’ Board of Governors member Christopher Waller, it’s…Read More -
Attract and Retain a Robust Talent Pool With Workplace Flexibility
The Wall Street Journal’s recent article “The Job Market Is Tighter Than You Think” didn't break any news to HR executives.
Employers find themselves in a vastly different hiring climate than they did even a few short months ago. The past paradigm of many candidates being available for a single job opportunity has now completely shifted to one in which…Read More -
How To Make Order Out of QuickBooks Chaos
Got QuickBooks Chaos?
Chances are, you do.
I’ve seen it so many times as a consultant. Different industries. Different business models. One common denominator: QuickBooks Chaos.
If you have inconsistent and duplicative naming, if you have to scramble to find answers to everyday questions about business financials, if you can’t easily replicate QuickBooks functions as repeatable business procedures, or if…Read More -
Tax Credits Available For Employers Allowing Employees to Get COVID Vaccine
With the hardships COVID-19 brought to many employees, they may not be able to afford lost wages by taking time off to get vaccinated or to recover if needed. To help get these employees get vaccinated, President Biden announced that as part of the American Rescue Plan, no employee in a company with less than 500 employees will lose pay…Read More -
How Focusing on Your Workforce Promotes Organizational Resilience During COVID Recovery
As any organizational leader is all too aware, the largest cost of doing business is usually payroll. Labor costs can account for 70%, or more, of business operating expenses, so leveraging your most precious asset, your people, should be a top priority. One goal of leadership is to build a strong culture which is ready and willing to change. The…Read More -
Protect Your Company From Employee Fraud
In the news recently was a story about a 19-year-old employee who stole over $1 million in two weeks from a Kroger grocery store in metro-Atlanta. Most of the fraud was related to fraudulent return transactions, and one of them exceeded $87,000! Fortunately, Kroger was able to recoup some of the funds, but that doesn’t make the story any less…Read More -
PPP Loan Forgiveness Forms Now Available
The SBA has issued updated Forgiveness Application FORMS FOR the Paycheck Protection Program:
Form 3508EZ
Form 3508S…which should take the place of the EZ form for most borrowers with loans under $150,000
Form 3508…for borrowers with loans over $150,000, which now includes new categories of costs included in the legislation passed in December, 2020
See the link: https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/paycheck-protection-program/ppp-loan-forgiveness to download…Read More -
Five Ways to Improve Profitability
Some might say the end of one calendar year and the beginning of another is a formality. The linear nature of time doesn’t change, merely the numbers we use to mark it. Others, however, would say that a fresh 12 months — particularly after the arduous, anxiety-inducing nature of 2020 — creates the perfect opportunity for business owners to gather…Read More -
New COVID-19 Relief Bill Highlights
On Monday, December 21, 2020, Congress passed a $900 billion relief package in response to COVID-19 in connection with its annual spending bill. This bill addresses many items impacting small businesses and taxpayers facing economic uncertainty. The following is a high-level summary of the new package:
Passed by both houses of Congress. The President is expected to sign.
As experienced…Read More -
CEOs of Growing Businesses Find Relief When Engaging an Experienced Fractional CFO
If you are the leader of a business without a full-time CFO, ask yourself these questions:
Do I spend too much time analyzing my financials myself?
Do I need to free up time for areas of my business where I add the most value?
Do I need to maximize cash and have a better handle on my cash flows?
Do…Read More -
Does Your Compensation Plan Attract & Retain Top Talent? Answer These 5 Questions to Analyze Your Plan
When we ushered in the new decade, business was booming, the unemployment rate was low, and companies were competing for top talent. The “roaring twenties” were back!
That was pre-COVID-19. Now many businesses are not booming and the unemployment rate is high (though improving), however, companies are still competing for top talent and the twenties certainly are roaring!
There are…Read More