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How to Build a Winning Company Culture
Posted Tuesday, September 15, 2015 - Virginia Council of CEO's Do a little background research on Rich Reinecke and you quickly turn up words and phrases like “entrepreneur,” “executive search industry professional” and “largest firms in the country.” But that’s old news. Today he’s a business builder and connector, a hirer of phenomenally talented people, and a nurturer of one officially…Read More -
Boost Employee Productivity by Reducing Distractions and Stress
At a time when many employers are keeping employee headcounts down, the importance of productivity has never been greater. Streamlining is good, but it can be a grave mistake to assume productivity will increase when you spread the same workload over fewer employees. That is, unless you also confront long-standing impediments to productivity that will only be exacerbated when payroll…Read More -
The Fahrenheit Group establishes its Carolinas practice in the Research Triangle Park-area
For Immediate Release Contact: Amanda Colocho, 804.788.1414 The Fahrenheit Group establishes its Carolinas practice in the Research Triangle Park-area The firm taps long-time area finance and business executive, Vincent Morgus as Managing Partner Raleigh, N.C., Sept., 16 2015 – The Fahrenheit Group—a Richmond, VA-based, full-service advisory firm – is pleased to announce that Vincent T. “Vince” Morgus will be joining…Read More -
Tips on Simplifying the Budgeting Process
As we go deeper into the second half of 2015 an article from 2011 has started recirculating in accounting and finance circles. Why? I am not sure. But, maybe the realization that we are no too far from autumn has people realizing that means we are not too far from…BUDGET SEASON!
There are not many words in accounting and finance…Read More -
The Advisor’s Impact on the Sale: Maximizing Exit Value
Scott Ukrop An entrepreneur’s most significant financial payoff for all the late nights, weekends and tremendous amounts of hard work often comes in the form of an exit event. Even if the entrepreneur isn’t considering exit options throughout the life cycle of the business, the investors most certainly are. However, what is the best way to maximize the outcome for…Read More -
Attract the Best Applicants with Strategic Interviews
It's one thing to get good candidates to agree to a job interview. But how do you use that opportunity to get those people excited about working for your company? As the person doing the hiring, you have an edge that you can use to sell the best applicants on your company.
In a poll that measures candidate behavior, the online…Read More -
Set a Realistic Price for Your Business
Selling a business is a goal for many owners — either as part of a succession or estate plan. If the time for selling is getting close, you want to come up with a price that you and a buyer can agree on. Here is a look at what is involved in price setting and how to determine a realistic…Read More -
Non-Compete Agreements: What Can They Accomplish?
Non-competes are based on fear -- fear that an employee might run off to a competitor and take along some highly specialized knowledge. And while that concern is legitimate, non-compete agreements must be phrased carefully and they cannot unreasonably restrict a former employee's activities. It may seem ironic that companies encourage innovation and brilliance while employees are on the payroll,…Read More -
2016 Budget? …Don’t Forget to Feed it!
How do you make 2016 look just like or worse than 2015? You slap together a “budget” in an hour or two and declare it complete and don’t look at it again until Q2 ’16.
A budget is only useful if it is developed with three primary ingredients:
Buy-in
“Stretchiness”
Care and Feeding
Buy-in doesn’t mean that the management team…Read More -
Accounting Processes Matter… A Lot.
A recent ConstructionExecutive.com article (read full article here) mentions how accounting methods in the construction industry affect cash flow and financial reporting. The decision to account for “small tools” purchases as a job cost as opposed to a capital expense absolutely affects near-term financial metrics but can also affect corporate reports and financial statements that bonding companies and lenders analyze.…Read More -
Back to Business
As we wind down our summer vacation schedules (and for those of us with children not a minute too soon!) it’s time to look ahead into Fall and down the road to 4th quarter. A little time spent now planning for the rest of the year will most assuredly spare your company stress and anxiety when the year-end scramble begins.…Read More -
Bringing Jobs Back to the USA
Reshoring remains a hot trend among U.S. businesses. In June, the Reshoring Initiative reported that the United States outpaced Canada and Mexico between 2010 and 2014 in bringing back the most jobs to domestic soil. In the summer months, we celebrate American independence and ingenuity. Another way business owners can show patriotism is to consider whether it makes sense to…Read More