This post is co-authored by Ellen Wood, Chris Hysinger, Jennifer Lennarz, and Regina Walters. Paycheck Protection Program (PPP) Updates – Key Components and Considerations In January of 2021, the U.S. Small Business Administration (SBA) resumed and expanded its Paycheck Protection Program (PPP) as part of the Consolidated Appropriations Act (CAA). This opens up new funds …
06
Jan
Jan
How Businesses Can Survive, Thrive, and Adapt in the Face of Change What do we do now? The sudden shutdowns in early 2020 forced many businesses to answer this question with sprints to virtual business models, attempts to secure emergency funding, and in some cases, pivots to new lines of business. Sadly, other businesses were …
23
Nov
Nov
While living in Washington, DC in the nineties, I was introduced to a book that hit me like a brick and provided clear context for everything that was happening in the world around me. That book was The Fourth Turning, by William Strauss and Neil Howe. It held that events which many times appear unrelated …
29
Oct
Oct
At start-up and in the earliest stages of operation, most companies understandably approach the accounting and finance side of their business from a basic bookkeeping perspective. As a business grows, however, so too does the need for more advanced accounting practices and financial insight. In most cases, adding responsibilities requiring a higher level of experience …
19
Oct
Oct
For many business owners, the sale of their company represents the culmination of decades of work and is likely to be the single largest, most important transaction of their lifetime. With so much money at stake, and likely the retirement security of the founder, it is important that the highest price is secured, and that …
07
Oct
Oct
Adapting to the Remote and Hybrid Work Revolution Revolution signifies a radical and pervasive change, especially one made suddenly. With remote and hybrid work models, the 2020 global pandemic burst open the gates for these already rapidly growing business practices. The good news is that the pandemic’s near-immediate impact meant that most organizations that hadn’t …
06
Oct
Oct
This post is co-authored by Ellen Wood and Chris Hysinger. Access to Working Capital – Understanding the Options and Improving the Odds Compounding the COVID-19 crisis, banks have tightened available capital and lines of credit for borrowers, especially for small to medium sized businesses. Other working capital programs have completely cut off virtually all their …
02
Oct
Oct
This post is co-authored by Brian Bruce, Allyson Cline, Vira Trevino-Garcia, and Sweta Patel. Four Strategies for Promoting Workplace Diversity, Equity and Inclusion Businesses that exemplify diversity, equity, and inclusion (DE&I) are overwhelmingly more successful than those that do not. Most people have long believed this statement to be true and the mountain of evidence …
24
Sep
Sep
This post was co-authored by Carter Freeman, Vice President – Western Region, and Chris Hysinger, Consulting CFO. Business Budgeting Considerations for 2021 and Beyond Nobody saw 2020 coming when organizations put their budgets together in late 2019. As we enter the budgeting cycle for 2021, there is no clear picture of what the sustained new …
10
Sep
Sep
Assessing and Adjusting Employee Stock Option Plans Granting stock options to employees is an excellent way to align effort with results for the company and the employee. Not to be confused with employee stock ownership plans (ESOP), used to transition complete ownership of a company into the hands of the employees, an employee stock option …