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Five Ways to Improve Profitability
Some might say the end of one calendar year and the beginning of another is a formality. The linear nature of time doesn’t change, merely the numbers we use to mark it. Others, however, would say that a fresh 12 months — particularly after the arduous, anxiety-inducing nature of 2020 — creates the perfect opportunity for business owners to gather…Read More -
CEO Roundtable Organization Grows Through COVID
Fahrenheit Managing Director, Jay Carpenter met with Executive Director of the Virginia Council of CEOs, Scot McRoberts to learn how the council has pivoted during COVID times in this short video. Learn how the Council has expanded its reach by transitioning from a boots on the ground to a virtual model to recruit and connect small and mid-sized business CEOs…Read More -
President Signed Stimulus Bill to Aid Small Businesses
The President signed the COVID Relief bill on Sunday, December 27, 2020, but also made several suggestions about how it could be changed. It is not anticipated that Congress will be able to agree on the changes and the bill will go into effect as originally written. Fahrenheit Advisors Managing Director, Doug Jones, outlined key highlights of the bill in…Read More -
Strategic Planning During COVID-19 – Video Series Preview
In an upcoming 3-part video series, Fahrenheit Managing Directors Laura Bacon and Lud Kimbrough will discuss how your Strategic Planning process needs to incorporate the uncertainty that 2020 has created in the business environment. The new “Normal” is here to stay. They will address:
The importance of confident and humble leadership as you move forward with longer-term adaptive and creative…Read More -
(UPDATED) 5 Questions for Leaders Navigating Uncertain Times
When this article was published seven months ago, many of us believed that we would move quickly through and be back to "normal" and the office by now. Alas, that is not the case. Human resource business owner and change management expert, Joan Hibdon has refreshed her highly read article originally entitled "COVID-19: What to Do When You Don’t Know…Read More -
(UPDATED) COVID-19: Navigating the SBA Disaster Assistance Program
The SBA has provided $20 billion to small businesses and nonprofits through the Economic Injury Disaster Loan Advance (EIDL) Program. Fahrenheit business transformation expert, Tim Hayes has provided helpful resource links to access small business loans. Funds are still available with very affordable terms:
3.75% interest rate for small businesses
2.75% interest rate for nonprofits
30-year maturity
Automatic deferment of…Read More -
QuickBooks-Likely to Stay an Accounting Quagmire
In case anyone was unsure, small and mid-size companies in America have made a clear choice when it comes to their accounting software and that choice is QuickBooks. And it’s not close. For those of us that have worked and consulted inside these organizations the past few decades, the massive ‘Intuit takeover’ of America has been impossible to miss. An…Read More -
Four Fateful Wounds We Find in Finance and Accounting
Whoever said that “time heals all wounds” must not have been in business! We find that most “wounds” in business, if not treated promptly, just get worse over time.
At Fahrenheit, we spend a lot of our time working with middle market organizations on accounting and finance matters, and we see a lot of “wounds” in those areas. Sometimes they…Read More -
Avoid These 5 Common Accounting Software Mistakes
No company can afford to operate without the right accounting software. When considering whether to buy a new product or upgrade their current solutions, however, business owners often fall prey to some common mistakes. Here are five gaffes to avoid:
Some companies rush into buying an accounting system without stopping to consider all their options. Perhaps most important, they may…Read More -
CEOs of Growing Businesses Find Relief When Engaging an Experienced Fractional CFO
If you are the leader of a business without a full-time CFO, ask yourself these questions:
Do I spend too much time analyzing my financials myself?
Do I need to free up time for areas of my business where I add the most value?
Do I need to maximize cash and have a better handle on my cash flows?
Do…Read More -
(Video) Urgent Health Care Front Lines in COVID Times
Fahrenheit Managing Director, Jay Carpenter met with Virginia Urology CEO, Brigette Booth, to hear from a leader in the healthcare space about COVID-19 impacts. In this video, you will hear how the efforts of her leadership team helped to keep her employees and urgent care patients safe during the onset of a global pandemic. When the practice started hearing rumblings…Read More -
6 Key IT Questions to Ask in the New Normal
The sudden shutdown of the economy in March because of the COVID-19 pandemic forced many businesses to rely more heavily on technology. Some companies fared better than others. Many businesses that had been taking an informal approach to IT strategy discovered their systems weren’t as robust and scalable as they’d hoped. Some may have lost ground competitively as fires were…Read More