-
CASE STUDY: Ledbury Engages Fahrenheit Advisors’ Finance & Business Advisory Services
Ledbury Co-Founders Paul Watson and Paul Trible first met on the streets of London while students at Oxford University’s SaÏd Business School. They came up with the dream to start their own business, and made that dream a reality in 2009 when they founded Ledbury. In the beginning, they were exclusively an online e-commerce company. They have slowly grown over…Read More -
CASE STUDY: Health Warrior Finds Fractional & Full Time CFO With Fahrenheit
How many companies can say they have a product that dates back to the Aztecs? Not too many…but Health Warrior can. The maker of the Chia Bar, which first went to market in 2011, discovered the benefit of Chia after reading a book about the Tarahumara Indians and their incredible long-distance running abilities.
After doing some research, they discovered that…Read More -
Why Is Fahrenheit a Great Place to Work? Employee Tells All
When people ask me if I like my job it’s very easy to say yes! I am fortunate enough to work for a company full of smart, fun and generous people. While we know it internally, it’s always nice to be recognized by programs like the “Best Places to Work in Virginia” program administered by the Best Companies Group. This…Read More -
Effective Sales Organization Structures
In nearly every industry and particularly those in B2B markets, the sales organization is the lifeblood of a company’s growth. While these teams are universally tasked with the same goal, namely creating revenue from new accounts and driving incremental sales from existing accounts, we have seen sales organizations structured in…Read More -
How Dale Carnegie’s “Oldies but Goodies” Are Still Relevant Today
I am fortunate to have one of our managing directors here at The Fahrenheit Group as my mentor. He is a well-respected CFO who has worked for many different companies throughout his career, and I’ve already learned a lot from him. He often encourages me to read books about business philosophy, how to achieve success, and about the art…Read More -
Do Your Long-term Customers Know Everything About You?
A technician at a mobility equipment supplier was servicing the motorized wheelchair of a long-time customer and noticed it was a brand-new model. “Where did you buy the chair?” he asked the customer. “At the health care supply store on the other side of town,” the customer replied. The technician paused…Read More -
Understanding Your Cash Position
Understanding your business’s cash flow is essential to making sound financial decisions. Cash flow can be difficult to forecast in businesses with many segments, differing products and services, and various geographies. Also, a business can be profitable but still run into cash flow difficulties with the timing of cash receipts versus payroll, vendor, and loan payments. To understand your cash…Read More -
What’s the Best Accounting Method to Track Credit Card Expenses?
As an accounting consultant, business owners often ask me about credit card expenses. Clients wonder, “Is it important to track credit card expenses like you would a vendor bill?” “How much detail do I need to keep?” And, “Should I include the detail in my accounting system, or keep it in an offline system?”
Let’s tackle the broader question first.…Read More -
3 Keys to a Successful Accounting System Upgrade
Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new and better features are being created all the time. And if you’re not getting as much out of your financial data as your competitors are, you could be at a disadvantage. For these reasons, it can be hard to decide…Read More -
A Midyear Review Should Go Beyond Financials
Every year is a journey for a business. You begin with a set of objectives for the month ahead, probably encounter a few bumps along the way and, hopefully, reach your destination with some success and a few lessons learned.
The middle of the year is the perfect time to stop for a breather. A midyear review can help you…Read More -
Get the Most Out of Your Accounting Department with Effective Communication
Effective communication is important when dealing with employees and outsiders, such as vendors and clients, but it holds even greater importance with regards to your accounting department. Accounting functions, such as budget preparation and reporting, bill paying, payroll and recording income, are crucial to your business and need to be effectively and properly presented to both management and employees throughout…Read More