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Valuation Math
The September 7, 2011 edition of Inc. includes an article with the tantalizing title “The Math Behind Your Company Valuation.” The first sentence draws the reader in even more by asking “Have you ever wondered what a business like yours would sell for?” The article specifically relates to sales to “financial buyers”, who look at a purchase strictly on a…Read More -
Keys To Steering Your Business Through The Down Market
We recently found an article highlighting seven tips for small business success in the current market. The author, Tom Harnish of Aerodite Inc., did such a great job covering the major points, we wanted to share his insights with you. There is no doubt that the market is putting the squeeze on many businesses, but there are some steps you…Read More -
3 Things to Know to Get a Business Loan
For small businesses, lenders can tell from a glance at your loan application if it is worth considering. All they want to know is the answer to these three simple questions: Can you pay? Will you pay? What happens if you don’t? The lender’s decision will involve a careful look at the details, which is done to confirm and…Read More -
Working with Great Clients…like Rainbow Station!
Since we launched Fahrenheit Finance, we have worked with some great clients. And, we have learned what makes some clients great to work with. Recently, we were engaged by one of those clients, Rainbow Station, hiring our firm to become the Fractional CFO for their company. (Check out their recent press release announcing this here) So, what do we think makes…Read More -
Suppliers and Customers as Financing Sources
Let’s face it, getting financing is not easy these days, especially for small and mid-sized businesses. Banks are extra cautious and many business are too small (or not in a sexy enough industry) to be on the radar screen of venture capital or private equity funds. That leads small business owners to the “friends and family” round of financing, which…Read More -
Steps to Establishing Business Credit
With the recent economic changes, it is harder for businesses to obtain loans to grow their business. Here are steps you can take now to establish good business credit, so loans are accessible when the business needs one. First separate the business and its finances from your personal credit with these key items; Incorporate: The business must either be a…Read More -
Part III: ERP System Integration for a Purchasing Card Program
You’ve made the decision to implement a Purchasing Card Program at your business and just completed the last phase of pilot testing in small-scale production mode. Now what? One of the most effective ways for companies to get their card program up and running quickly out of test mode is to integrate their existing ERP system (i.e. SAP, Oracle, PeopleSoft)…Read More -
3 Attributes Of The Successful CFO
A recent article from CNN Money and Fortune touted some of the top attributes of an effective CFO, and referred to a great CFO as the “best secret weapon” of the CEO. The article called out three key assets found in top CFOs: 1) Being a great general manager 2) Possessing above average external relations skills 3) Ability to manage…Read More -
Entrepreneurs Sharing Ownership
Times have been tough…your employees have gone several years without raises. You are concerned that some of your key people may start looking around as job prospects improve. Even if you’re not worried about them leaving, you may have a paternalistic streak that makes you want to “take care” of your key people. But in this tenuous, tentative recovery you…Read More -
AICPA Globalized With New CGMA Designation
On May 23, 2011, the governing bodies of the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA), headquartered in London, agreed on the creation of a new professional designation, the Chartered Global Management Accountant, which will be a worldwide standard of professional excellence in management accounting. Now approved by the AICPA and CIMA’s…Read More -
Doug Jones Featured in RTD – Decision Maker
Learn about Doug in the RTD: LINK New position: Director, fractional CFO and controller services for Fahrenheit Finance, a consulting firm, part of the Fahrenheit Group, that delivers high quality consulting and project support services, staffing and executive search services and the opportunity for growth companies to utilize experts like Doug on a less than full time basis to gain the experience of…Read More -
Five who left corporate America for small firms give advice
Several local businesspeople shared their experience of leaving bigger companies to start ventures. Most of them also spoke last month at a Richmond Venture Forum discussion on the challenges of leaving the corporate world to pursue personal business ambitions. Keith Middleton, who left a corporate job and co-founded Fahrenheit Finance in 2010, said he still sees a lot of activity…Read More