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Fortifying Your Business with Enterprise Risk Management
Hundreds of years ago, prosperous towns managed the various risks of foreign invaders, thieves, and wild animals by fortifying their entire communities with walls and towers. Today's business owners can take a similar approach with enterprise risk management (ERM). Assessing Threats In short, ERM is an integrated, companywide system of identifying and planning for risk. Many larger companies have entire…Read More -
The Finance Industry is Primed for AI. Here’s Where We’re Headed
Artificial intelligence is impacting all areas of our world - including the world of finance. While it is still in its infancy stage in our industry, AI and automation are definitely seeping into the financial profession, and we are just seeing the tip of the iceberg with regards to the benefits to our industry. What type of impact will AI…Read More -
4 Ways to Get (and Keep) Your Business Data in Order
With so much data flying around these days, it's easy for a company of any size to get overwhelmed. If something important falls through the cracks, say a contract renewal or outstanding bill, your financial standing and reputation could suffer. Here are four ways to get -- and keep -- your business data in order.
Simplify, simplify, simplify. Look at…Read More -
Managing Director Jonathan Brabrand serves as the exclusive mergers and acquisition advisor to Lawrence Environmental in merger with The Supply Room
By JOHN REID BLACKWELL Richmond Times-Dispatch The Supply Room Cos. headquarters off U.S. 1 in Hanover County. William Pahnelas Two long-time, local companies in the office supplies and janitorial supplies business have merged. The Supply Room Cos., a Hanover County-based business founded in 1951, completed an acquisition earlier this month of Lawrence Environmental Group, a 75-year-old supplier of cleaning…Read More -
When Should Business Owners Think about an Exit Strategy?
Outside of marriage and the birth of a child, selling a business may be the most important life event an entrepreneur ever experiences, representing the financial reward from years of hard work, vision, and determination. And like anything that important, you want to do it only once, and you want to do it right. Business owners often wonder: when is…Read More -
How Profitable Are Your Customers?
"We love our customers!" Every business owner says it. But all customers aren't created equal, and it's in your strategic interest to know which customers are really strengthening your bottom line and by how much.
Sorting Out the Data
If your business systems track individual customer purchases, and your accounting system has good cost accounting or decision support capabilities, determining…Read More -
The Fahrenheit Five
I was employee #15 when I joined The Fahrenheit Group in 2014. Part of what drew me to join was the authenticity of the people I met and the alignment of my beliefs with the organization's Founding Principles.
Recently, I was reminded of the five critical elements Fahrenheit aspires to while reading an article from Forbes Magazine titled "Five Important…Read More -
Fahrenheit featured in WRAL TechWire
by Laura Baverman — October 31, 2017 Most startups can't afford to hire someone with 25 to 30 years of experience in their industry, but many could use that type of talent at some point in their company's journey. A CFO to help raise capital. A sales leader to develop a strategy for selling or to recruit a solid team.…Read More -
Find the Right Path Forward with KPIs
From the baseball field to the boardroom, statistical analysis has changed various industries nationwide. With proper preparation and guidance, business owners can have at their fingertips a wealth of stats-based insight into how their companies are performing - far beyond the bottom line on an income statement.
The metrics in question are commonly referred to as key performance indicators (KPIs).…Read More -
North Carolina Medical Society Welcomes The Fahrenheit Group as Gold Level Vendor
The North Carolina Medical Society (NCMS) is pleased to announce The Fahrenheit Group has become a new Gold level vendor in the NCMS Marketplace of…Read More -
Ensuring a Peaceful Succession with a Buy-Sell Agreement
A buy-sell agreement is a critical component of succession planning for many businesses. It sets the terms and conditions under which an owner's business interest can be sold to another owner (or owners) should an unexpected tragedy or turn of events occur. It also establishes the method for determining the price of the interest. This may sound cut and dried.…Read More -
8 Strategic Questions Every CEO Should Ask Before the EOY
While there is still much to be done before closing the books on 2017, it's not too early to start planning your businesses' strategic priorities and projects for the coming year. After all, if you're like most business owners, you've probably encountered change (and hopefully growth!). It's time to reassess the year and make your strategic plans for the future.…Read More