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Court Gives ESOP Sponsor Latitude When Stock Value Tanked
Employee Stock Ownership Plans (ESOPs) were created as a way for employers to turn employees into mini-partners in the business. Some small business owners look to ESOPs to be financing mechanisms that facilitate succession planning, with the idea of eventually selling the business to the ESOP trust (thanks to tax incentives). But what happens when the value of the company's…Read More -
Avoid Costly Hiring Mistakes
One of the most costly mistakes an employer can make is to put the wrong person in a job. A single wrong hire can cost an employer the equivalent of the employee's salary for a year. Sometimes even more. The time you spend in selecting the right candidate for a job can really pay you back when you use good…Read More -
What does a Japanese Olympic Marathoner and FASB have in Common?
A Microscopic Step for (Business-) Mankind: FASB’s new revenue standard In 1912, Shizo Kanakuri, a runner from Japan vanished during the Olympic marathon. There is some debate over his whereabouts and motivation that day -some accounts placed him at an outdoor party drinking while others claimed he strayed unconsciously into a banker’s cocktail party- but regardless, he ended up staying…Read More -
Nominations are open for RVA Companies to Watch!
Venture Forum RVA the catalyst for Richmond’s visionaries– is proud to announce its marquee event, RVA Companies to Watch, presented by Venture Forum RVA & Elliott Davis. Save the date for Wednesday, October 29, 2014 at the Hippodrome, 528 N 2nd Street, Richmond, VA 23219. This event recognizes emerging startups and growth companies in the Richmond community. Nominations for the…Read More -
Dave Bosher Appointed as interim CFO at AmpliPhi Biosciences Corporation
On June 30, 2014, AmpliPhi Biosciences Corporation appointed Dave Bosher, Managing Director of Fahrenheit Advisors, to serve as the Company's interim Chief Financial Officer. We are excited to have the opportunity to support the needs at AmpliPhi Biosciences.
AMPLIPHI BIOSCIENCES CORP FILES (8-K) Disclosing Change in Directors or Principal Officers, Submission of Matters to a Vote of Security HoldersRead More -
Virginia Business names five ‘CFO Awards’ winners
Congrats to the CFO winners last night from Virginia Business. We were proud to have one of our own, Doug Jones, as a finalist for CFO of the year! Congrats Doug, we are so proud of you.
Doug Jones is part of our fractional CFO & controller practice, providing senior financial management services to small and mid size organizations…Read More -
Avert Sabotage by Former Employees
Termination is always painful, whether it's for cause or part of a business slump. Employees who are fired or laid off often have negative feelings about the company and some could act out their anger in damaging or violent ways. Of course, you can try to ease the pain by handing out generous severance packages, outplacement benefits and counseling. Give…Read More -
Are You Owed Money from a Business that Filed for Bankruptcy?
Suppose you've been doing business with a company that owes you money or has been late in paying for services you have provided. You might have even filed a lawsuit to obtain the payments. But then you receive a notice that the company has filed for bankruptcy. If a business that owes your company money files for bankruptcy, it's important…Read More -
Combinations for Growth
If your company has decided the best way to grow is to expand your ownership boundaries, you are probably considering either a merger or an acquisition. Mergers and acquisitions offer opportunities for growth that can provide many benefits to your existing business. But they also present many chances for taking a wrong turn. Keep reading for a rundown on the…Read More -
No mission statement? No mission
In the late 1990s I worked as a Budget Director for the DOD in Rota, Spain. As one of only two civilians in a facility of fifty sailors and officers, I got a first-hand look at all the things the military does exceedingly well. (Of course I also got a glimpse of the many oddities that remind one that the…Read More -
The Cost of Operational Glitches in Midsized Companies
Julie Stepp recently read an article on operational meltdowns in midsized companies, and had some thoughts of her own. Many small companies growing to the midsize level run into these issues as well. Often the situation of one bookkeeper that knows too much and has no back up starts impacting the organization due to lack of timely financial and operational…Read More -
100 Great Questions Every Entrepreneur Should Ask
Often times success and leadership comes not from providing the right answer, but from asking the right question. The attached article offers 100 questions that are sure to spark vigorous debate and spark new ideas about where your business is headed. The questions can shape your thinking about how you are managing your business for success over the long-term.
Connect…Read More