Is There an M&A in Your Future?

Summer is almost over! Looking back, this has been a great year both for us and for our clients. Fine Point Consulting is continuing to help emerging and growing companies with accounting and HR services. We’re also pleased to share with you that we’ve been helping more clients go through meaningful growth stages including mergers and acquisitions (M&A).

Whether you’re contemplating the acquisition of another business or considering a merger, it would be beneficial to get us engaged in the process early on.

Successful mergers and acquisitions hinge on proper and accurate finances and constructive HR considerations. We are available to consult you through such transitions and handle the multitude of tasks associated with M & A transactions.

Finally, Fine Point Consulting is growing too! In addition to our Wisconsin offices in Madison and Milwaukee, we are in the advanced stages of expanding to another state. Stay tuned for exciting news to come very soon!


CEO, Fine Point Consulting

 


Startup Milwaukee Week

This fall, Fine Point Consulting will be participating in Startup Milwaukee Week, an event designed to connect and educate entrepreneurs. Startup Milwaukee Week is put on by Advocate Aurora Health and takes place from November 11 to 17.

The week-long conference will bring together entrepreneurs from all over Southeast Wisconsin to showcase the city’s emerging companies.

At Fine Point, we recognize startup’s needs and understand that they require customized services, personal attention, and reasonable prices.

To discover more about Fine Point Consulting, please find us at Startup Milwaukee Week. There you can learn how we can help you utilize the right tools to get more done, scale fast, and stay lean.

Make sure to register for this event early, because spots are sure to fill up fast!

 


Client Success Story – Beepods

“Fine Point Consulting aligns with my business practice of investing in the entrepreneurial community”

Brad James, CEO

Five years ago, Beepods became the third company Brad operates. Because it was an acquisition and the books were in such disarray, Brad did not have the time or energy to get everything back into shape on his own.

Being active in the entrepreneurial community, he was familiar with the services Fine Point Consulting offered.

 


Top 5 Mistakes Companies Make When Launching an App or Website

Guest column by Eliana Stein and Barbara Gulten of Functionaire

Like Fine Point, we work with a lot of start-ups and tech companies. Nothing quite satisfying like helping a client successfully launch a new app, website, or digital product. Over the years, both as consultants and as corporate employees, here are the top 5 mistakes we’ve seen companies make when launching a new project.

1. Launching without usability research
Research is often the first thing to get cut when crunched for time or budget. But research is critical to revealing issues with the intuitiveness of software. The learnings give you an opportunity to smooth out problems before your customers encounter them. Even if a full-blown, moderated study isn’t possible, chances are we can help you devise and conduct an affordable, swift study.

2. Launching without user engagement analytics
When the team starts looking for something to cut, this is another item that too often ends up on the chopping block. Instead, plan ahead and be very judicious about the critical Key Performance Metrics to capture. Set expectations with the executive team about what data will be available from day 1, and have a plan for adding more robust engagement metrics post-launch. You’ll thank yourself (and be thanked) later.

3. Launching without prepping support teams
The first couple weeks after launch are critical. You will discover bugs, your customer service team will get questions, errors may crop up, reviews (good and not so good) will appear on the App stores, etc. There’s nothing worse than a customer service rep being put in a tough spot because they don’t know how the app works or a bad review going without a response because none is monitoring the App store. Prepare your internal teams with lunch & learns, Q/A sessions, and internal wikis.

4. Launching without a plan for continuous improvement
In the relief of launching, companies sometimes fail to plan how to maintain the app/site. How many developers will you need? Will the skills needed to maintain be different than the skills needed to build? What cadence for releases? What knowledge transfer or documentation should be completed? Avoid falling into technical debt and feature rot by thinking that you’re “done” just because you launched. Successful experiences evolve to keep engaging customers.

5. Not launching at all
Of all the pitfalls on the list, this is arguably the most dangerous. Don’t let perfection, or desire for one more feature, prevent launch. “Fail fast” and “Minimum Viable Product” are clichés for a reason. If you’re really not ready to launch broadly, can you launch a beta or show the app at a trade show? Find a way to get user feedback. Then commit to your product roadmap and launch, trusting that more improvements are close behind.

More about Functionaire: Functionaire works backwards from your customers' needs and forwards from your business goals to help you create remarkable digital experiences. Whether it's for an e-commerce app or hospital software, we design products that thrill your users. For more information, go to www.functionaireux.com.


Sexual Harassment Prevention

Sexual harassment prevention training is required by many states and other governing entities. Countless companies across the US have instituted such training as part of their policy.

The EEOC, the federal agency that investigates claims related to discrimination and harassment has stated that it expects employers to train workers, and they will require evidence and documentation of this training if a complaint is filed with the agency.

Fine Point Consulting is proud to partner with Traliant to bring you a course in Sexual harassment prevention in the form of bitesized video episodes served in a modern news style format.


Bizarre Expense Reports You Have to See to Believe

Most companies are familiar with the concept of expense reports and the policy of compensating employees for expenses they chalk up for business purposes, but sometimes the “expenses” employees list are a little too weird to believe. Occasionally, employees may try and sneak in a few extra expenses to their reports before submitting them, in hopes of getting the costs covered by the company. Here is a list of some of the strangest items that employees have listed in their expense reports:

  1. A hang glider
  2. A fine for crashing into a toll booth
  3. Toilet paper
  4. A pair of socks
  5. Pet food
  6. A video game console
  7. Golf clubs
  8. Hot tub supplies
  9. A trip to the rainforest
  10. A teepee
  11. A family vacation
  12. A spa day

It isn’t hard to tell that these aren’t real business expenses. Unfortunately, some employers discovered these fabricated charges a little too late. This is why it is incredibly important to make sure you get your expense reports reviewed regularly to check for any strange items like these before your employees are reimbursed. Also consider creating a set of guidelines for all employees highlighting what types of items are appropriate for expense reports, and which are not. By doing this you will ensure that your employees are held accountable and your company doesn’t end up spending money on unnecessary hang gliders and golf clubs!


Fine Point Consulting is a boutique consulting firm offering expert-level professional
accounting & human resources services customized to meet your budget.
We help entrepreneurs who are trying to scale fast get more done and stay lean.

Call us today for your free consultation at 877-535-1183 or use the button below

TOP