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NonProfit Boards and Power Imbalances
The stories in this article from The Chronicle of Philanthropy about NonProfit board members misusing their power ring all too true to me. Throughout my career, I have witnessed many effective nonprofit boards of directors working in tandem with the organization’s CEO/executive director and staff fulfilling their respective missions. Then again, I have also witnessed many boards that are ineffective, indecisive,…Read More -
Microsoft ERP Software: Yesterday, Today and Tomorrow
At a certain point, most growth-oriented companies decide to invest in ERP (Enterprise Resource Planning) software. ERP is software which integrates various business functions into one related system to streamline processes and information across an entire organization. It is a shared database which can tie in manufacturing, inventory, purchasing, sales, accounting, HR, etc. Reasons a company decides to invest often…Read More -
Growing a Happy, Productive Workforce in a Distracted World
Distraction and disengagement has become a cultural norm. We live in a world of distractions and disengagement. There is no end to the things we’re led to worry about, with digital devices exacerbating our worries and distraction just as quickly as they provide opportunities to learn, connect and solve problems. The cost of distraction is high in every arena.…Read More -
For Best Results, Start Your Strategic Planning Early
Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve, it’s certainly not too early for business owners to start doing some strategic planning for next year. Here are some ways to get started. A good place to find inspiration for strategic objectives…Read More -
Capitalism Evolved: A New Understanding for 2019 and Beyond
Recently, members of The Business Roundtable – nearly 200 CEOs of major U.S. corporations – released a statement indicating: “We share a fundamental commitment to all of our stakeholders …we commit to deliver value to all of them for the future success of our companies, our communities and our country.” This statement was in contrast to prior Roundtable statements which…Read More -
4 Tough Questions to Ask About Your Sales Department
Among the fastest ways for a business to fail is because of mismanagement or malfeasance by ownership. On the other hand, among the slowest ways is an ineffective or dysfunctional sales department. Companies suffering from this malady may maintain just enough sales to stay afloat for a while, but eventually they go under because they lose one big customer, or…Read More -
Adapt Hiring Challenge!
The last time unemployment was this low, gas was 35 cents a gallon, the US had just landed on the moon, The Beatles played for the last time in public on the rooftop of Apple Records, and some people reading this article had recently enjoyed a groovy time at Woodstock. We continue to face the lowest unemployment rate in 50…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 -
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 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