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Ready Your Financials to Launch a Crowdfunding Campaign
What do super-premium beer, smartwatches, and exploding kittens have in common? They’re all crowdfunding success stories.
Just last year, Island Brands USA’s super-premium beer became the fastest beer brand to raise $1 million on the crowdfunding platform StartEngine — in just 34 days.
In 2016, Pebble raised $1 million for its smartwatches on crowdfunding platform Kickstarter — in an hour…Read More -
Thought Leadership Derived From Switch: How to Change Things When Change is Hard
Most days, barring any injuries or illnesses, the first thing I do in the morning is exercise.
It is my fuel, it is my medicine, and it is my signal to start the day. While this has been my routine for at least 20 years, there is still a lot of bargaining that happens when that alarm goes off.
First,…Read More -
Updated: Five Monkeys in a Cage (And One Important Business Lesson)
The American economy is absolutely roaring.
Q1 2021 GDP growth was a better-than-expected 6.4% while adding 916,000 jobs. Who could’ve guessed last summer that a legitimate risk to American businesses in 2021 was being unprepared for a revenue surge?
For many organizations, there will likely never be a greater chance of leaving money on the table than right now. I…Read More -
How to Navigate a Post-COVID Business World With Change Management
When a company implements new software, brings on new leadership, or goes through a merger or acquisition, management typically has a playbook on how to manage the change. In the past 15 months, the business world saw change it had never seen before – and most playbooks became only partially relevant. Workplace changes brought on by COVID-19 were abrupt, monumental,…Read More -
5 Steps To Control Wage Compression While Managing Minimum Wage Increases
While many workers have petitioned for an increase in the federal minimum wage, the federal rate has held steady at $7.25 since 2009. The federal government has otherwise deferred to states on any additional increases or adjustments. Some states were early movers in a minimum wage increase – such as California. Others were, much to the chagrin of minimum wage…Read More -
Growth, Taxes & Regulation: What CFOs Need To Be Thinking About in 2021
Q1 is done. Planning is baked. Strategy is in focus. And now it’s time to start advancing. The road ahead for 2021 will have both opportunities and obstacles — some predictable, some not. Let’s talk about what we know right now.
While Dorothy was primarily concerned with lions, tigers and bears in Oz, CFOs in 2021 should be keeping their…Read More -
Fahrenheit’s Investment in Structure and Strategy Prepared Firm for the Future
In Fahrenheit's tenth year of business, Fahrenheit Advisors' Co-Founding Partners, Keith Middleton and Rich Reinecke, created a leadership team to help set the direction and prepare for the next decade. In 2020, Fahrenheit enlisted the Truist Leadership Institute to help fine-tune the new leadership team and create the firm's strategy for the future.
Fahrenheit's experience with the Institute and take-aways…Read More -
4 Ways To Empower Your Team To Step Up in a Crisis
Is your team empowered to step up in a crisis?
Is it ready to take charge on a moment’s notice?
Is it set up to advance daily business when your chair is unexpectedly empty?
Is it really?
As a leader, I had the opportunity to find out for myself when I got COVID and was forced to completely shut down.…Read More -
How Focusing on Your Workforce Promotes Organizational Resilience During COVID Recovery
As any organizational leader is all too aware, the largest cost of doing business is usually payroll. Labor costs can account for 70%, or more, of business operating expenses, so leveraging your most precious asset, your people, should be a top priority. One goal of leadership is to build a strong culture which is ready and willing to change. The…Read More -
How to Determine if Your Business is Eligible for the Employee Retention Credit
There has been a lot written about the Employee Retention Credit (ERC), and much of it makes reference to the fact that more guidance was expected to clarify some of the gray areas of the law. Recently, we received additional guidance in the form of a 102-page notice from the IRS: IRS Notice 2021-20. More guidance is expected.
I know…Read More -
Protect Your Company From Employee Fraud
In the news recently was a story about a 19-year-old employee who stole over $1 million in two weeks from a Kroger grocery store in metro-Atlanta. Most of the fraud was related to fraudulent return transactions, and one of them exceeded $87,000! Fortunately, Kroger was able to recoup some of the funds, but that doesn’t make the story any less…Read More