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How to Raise the Capital you Need and Remain in Control
Private equity funds offer a way to get an infusion of capital (and additional business acumen) for your company for a period of time, while letting current management maintain a leadership role in its operation and avoiding a sale to a strategic acquirer.
It's called equity recapitalization, and it typically involves selling a minority or majority stake in your company…Read More -
Employee Stock Option Basics for Growing Companies
Stock options are a common compensation strategy used by start-up and growth-stage companies to attract, motivate, and retain employees, particularly when competing for talent against larger, more established companies. Offering options to potential employees may allow these companies to pay lower base salaries and conserve current cash flow, while providing significant potential upside incentive to employees.
This article provides a…Read More -
Strategic Planning–Are you a Dreamer or a Task Rabbit?
By Jeff Wraley
If forced to make a binary classification of those who struggle with their small business’ strategic planning, I might create these two groups:
The Task Rabbits
I have worked with many business owners who are trapped in day-to-day, keep-the-lights-on-type of tasks. While these individuals are great at keeping their business afloat, they don’t make time for “what…Read More -
Open Your Ears: A Simple Guide to Improving Your Communication Skills
By Virginia Kenyon
If we were unable to communicate, where would we be?
That's just it...we probably wouldn't "be" anywhere. Communication is so important that, in some instances, our lives actually depend on it. On a daily basis hostage negotiators talk gunmen into handing over their weapons or convince suicidal men and women to seek help rather than take their own…Read More -
Think Like an Investor to Get the Capital You Need
Early-stage and emerging-growth companies seeking funding beyond the initial seed money from friends, family, and angel investors enter a highly competitive arena where innovative ideas are more numerous than interested investors. Because of this, securing an initial “professional” investor meeting - and advancing beyond the initial meeting to serious discussions - may prove a challenge, particularly for management teams not…Read More -
Do After-Hours Communications Qualify for Overtime Pay?
Back in 2010, police officers working for the Chicago Police Department's (CPD) Bureau of Organized Crime sued their employer, eventually earning class-action status for the case (Allen v. City of Chicago). The officers maintain that, while off duty, the CPD required them to access work-related emails, messages, and phone calls on their BlackBerry devices. This, they claimed, was a violation…Read More -
The Fahrenheit Group named “Best Place to Work in Virginia” for 3rd year in a row
The Fahrenheit Group has once again been named to Virginia Business' Best Places to Work in Virginia. This marks the third year in a row that the firm has earned this distinction, and this year we placed 12th on the list.
Out of all registrants, only 100 are chosen across three categories: small (15-99 U.S. employees); midsize (100-249) and large…Read More -
The Squid Story: What Lessons Can you Apply to your Work Situation?
By Anne Gilson
There are several leadership lessons we can learn from nature--here is one. As a scuba diver, I have enjoyed the beauty of the oceans, coral reefs, and amazing plant and sea life for years. The peaceful sounds of the water and the warm sun help rejuvenate me during time away from work. However, sometimes my mind can't…Read More -
Fahrenheit Group Acquires Bencks & Co. to expand Executive Search services
For Immediate Release: Fahrenheit Group Acquires Bencks & Co. to expand Executive Search services
Contact: Rich Reinecke, Co-Managing Partner | rreinecke@fahrenheit.hess.com | 804-955-4440 | @richreinecke
The Fahrenheit Group (Fahrenheit), a Richmond-based business advisory and professional services firm, announces the acquisition of Bencks & Co., a boutique executive recruiting organization. Fahrenheit has been seeking to increase capacity in response to the rising…Read More -
The Mid-Atlantic Total Compensation Survey Results Are In
By Steven A. Rosenthal, Director, Compensation Practice
The Fahrenheit Group has finalized the results of its comprehensive 2015-2016 Mid-Atlantic Total Compensation Survey for Small and Middle Market Companies. The findings show employer expenses continue to rise for compensation and benefits, but at a modest rate.
The size of average actual salary adjustments increased very slightly to 3.1% from last year's…Read More -
10 Surefire Ways to Drive your Employees Crazy AND Increase Turnover
(10 Surefire Ways to Increase Turnover)
Our lives are filled with hundreds of decisions we have to make every single day. Sometimes we have time to think through these decisions, other times we have to make them on the fly. The life of a manager is no different. As a manager, you are bombarded daily with hundreds of requests, issues…Read More -
Good News in the New Year: IRS Extends ACA Filing Deadlines
Employers and other organizations got some good news from the IRS for the start of the new year. The tax agency announced that it's extending the due dates for filing 2015 Affordable Care Act (ACA) information returns. This gives employers extra time to complete two tasks:
1. Provide the forms to the recipients and
2. File the forms with the…Read More