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How to Know If A Fractional CFO Is Right for Your Business
You are the CEO of a growing business. Do you need to: Spend more time in areas of the business where you add the most value? Maximize cash? Add an operational finance perspective to your team? Update your strategic plan? Raise capital to grow your business? Add a trusted advisor to your executive team? Develop an exit strategy for your…Read More -
Be Vigilant About Your Business Credit Score
Most people know they’ll face financial difficulties with a subpar personal credit score. Your business credit score is important for the same reason. Various reporting agencies use proprietary algorithms along with other data associated with your employer identification number to calculate this score. Important factors include your bill-payment history, annual revenues and entity choice. Be sure to build a strong…Read More -
How to Develop Your Greatest Asset
So many factors go into making a company successful, but few are more important than developing the right talent internally. It’s interesting that this factor is often overlooked — or at a minimum — underappreciated. Even if you have a team of seasoned leaders, there are significant benefits to continually training, coaching, motivating, and mentoring employees who can be the…Read More -
Financial Statements Tell Your Business’ Story, Inside and Out
As a business evolves, it will encounter the need to build credibility with outside parties, such as investors and lenders, and to make well-informed strategic decisions. In short, financial statements are a necessity. Typical components are an income statement, a balance sheet, and a cash flow statement. Also frequently included: a retained earnings/equity statement and a notes section. Financial statements…Read More -
3 Ways to Be a Better Community Partner
Many business leaders I speak with want their organizations to become more civic minded. We also know that engaging employees in the process can be a be win-win for everyone; I discussed this in my article “Magic 8 Ball Says YES To Volunteerism and Employee Engagement.” If your business longs to get more involved in the community, here are…Read More -
Are your Employees Ignoring their 401(k)s?
For many businesses, offering employees a 401(k) plan is no longer an option — it’s a competitive necessity. But employees often grow so accustomed to having a 401(k) that they don’t pay much attention to it. It’s in your best interest as a business owner to buck this trend. Keeping your…Read More -
CASE STUDY: Fahrenheit’s Fractional CFO Was Great Fit for Create Digital
The relationship between Create Digital (now part of Auth X) and Fahrenheit Advisors is a long one. In fact, it goes all the way back to the beginning for both companies. They were started on the same day by the same angel investor. In the beginning, Create Digital was known as Fahrenheit Emerging Media. In 2013, Fahrenheit Emerging Media broke…Read More -
CASE STUDY: Fahrenheit helped ARCA Evolve Its Finance & Accounting Function
ARCA helps businesses streamline their cash processing with profound impacts on their customers and their bottom lines. In 2016 was listed as one of the 50 fastest-growing private companies in the Triangle area.
“As a high-growth, PE-backed company, our accounting and finance needs and function continue to evolve. Initially, we engaged Fahrenheit to work on a specific, short-term project. Fahrenheit…Read More -
CASE STUDY: Clingman & Hanger Management Associates Entrusts Fahrenheit Finance & Accounting Experts
Clingman & Hanger Management Associates, LLC is a management consulting and advisory services firm that was founded in 1999. The firm has been involved in resolving the cases of large business entities across the nation.
The relationship between Clingman & Associates and Fahrenheit Advisors goes back many years. They worked with one of our Managing Directors in the past and…Read More -
CASE STUDY: Fahrenheit Addresses Financial Staffing Needs for Dodson Property Management
Dodson Property Management was founded in 2007 by President Duke Dodson. “In the beginning, we managed strictly single-family residential rental properties, but we have since grown to multi-family and commercial,” currently managing over 2,500 units and operate in the Greater Richmond area, Fredericksburg, Williamsburg, and Newport News.
“Before being introduced to Fahrenheit and learning about the services offered, I didn’t know fractional…Read More -
CASE STUDY: Fahrenheit Helps Workshop Digital Grow and Scale Confidently With Predictive Model
Workshop Digital, located in the Shockoe Slip area of Richmond, Virginia was formed in 2015 as the result of a merger between Dynamic Web Solutions, founded in 2009 by Brian Forrester and Your Search Advisor, founded in 2007 by Andrew Miller. They are a digital marketing agency with a focus on results-driven marketing solutions, such as Search Engine Optimization, Pay-Per-Click…Read More