As a business buyer, keeping the seller onboard for a reasonable and effective transition period can be the difference between success and failure. This helps get the business off to a smooth start under the new ownership. There are of course potential issues that can arise depending upon how long the former owner stays on,...
Navigating office politics is an unavoidable part of working with your colleagues. One wrong move and you could unfortunately find yourself the target of some nasty drama, or even worse, participating in the nasty drama. LEARN HOW TO NAVIGATE OFFICE POLITICS WITH THESE 4 TIPS 1. CLEAR UP CONFUSION WITH NEW EMPLOYEES In many...
A significant part of owning a business is learning how to manage project scope creep. Scope creep, for those unfamiliar, is when a client requests changes or services that were not part of the original agreement. Before you know it, you’re doing more work than you initially planned and charged for, drastically reducing your profits....
An efficient process is like a beautiful well-oiled machine. Each part firing as it should, everything seamlessly flowing together without issue. While we target this as the goal, it’s unfortunately not always reality. We often see businesses stuck in a cycle of inefficiency because they fail to update and innovate their processes. They hang on...
Link building is not only beneficial because it can help contribute towards improved rankings and traffic from organic searches, but is has other big advantages which can benefit a business as well. It also happens that links come as a result of other activities where the main goal may not be to generate links. As...
What is Human and Organizational Performance? Human and organizational performance examines the coming together of systems and people. Where as people are highly variable, systems tend to be static and constant. These characteristics are very important to overall success. We want stability and predictability in our systems, but we need variability in the people who...
Remember those days when you would physically walk into a potential employer’s building and apply for a position in person? The paper application on an old wooden clipboard with a pen that barely worked? I know I do! The process of searching for a position has changed quite a bit with the advancement in technology...
QuickBooks is a complete accounting software suite used by countless business owners on a daily basis. It has a very simple user interface, excellent security, and more than enough accounting features for different types of small businesses. QuickBooks also has a good price point making it a popular choice in the business world. The Best...
Confused on how much money you’ll need for your startup business? Don’t worry, we have put together a simple approach to breaking down this mystery and creating a clear picture of the funds that your startup business will require. COST CATEGORIES Keep in mind that different types of small businesses will have different types...
As most founders know, fundraising isn’t easy! The process can be long, emotional, and can be extremely difficult. To compound the problem, the COVID-19 pandemic changed the fundraising landscape literally overnight. In today’s environment, the vast majority of pitching and fundraising happens over Zoom. Founders are no longer asked to drive or fly up to...
Your business credit score has the power to either push you toward your business goals or hold you back. While a strong credit score can expand your opportunities, a poor one can limit your options. In this post we will talk about how to increase your business credit score in 5 easy steps. The good...
We are asked all of the time – What are virtual assistants and virtual assistant services? We put together our list of Top 5 Virtual Assistant Services. Let’s get into this… First, A virtual assistant is a person who offers various services to a business or entrepreneur, remotely. Virtual assistants assist you with administrative work,...
When it comes to cleanliness, everyone has their own definition of what that means. While some keep their homes spotless, others go weeks between cleanings and allow clutter to accumulate on tables, chairs, floors and just about every other nook and cranny. When a person’s space is shared with others those types of cleaning habits...
Healthy cash flow is vital to improving operational efficiency, and one way to free up that trapped cash is through effective accounts receivable management techniques. Below we will discuss 8 Tips to Improve A/R Management. Most businesses wish they could snap their fingers and be paid on time. While that’s not quite how effective accounts...
Have you ever considered starting a business with someone and wondered if they’d make a good business partner? Or are you already working with a business partner and see some poor qualities? Is the problem fixable, or do you need to end the partnership? These things can be hard to recognize and realize that you...
A company can free up liquidity by optimizing cash management. We will discuss 5 Steps to enhance net working capital (NWC). We often see that leadership teams tend to put their focus on the profit and loss statement, most frequently at the expense of the balance sheet. Business fail to make the most of net...
QuickBooks Keyboard shortcuts help save you time and allow you to keep your hands on the keyboard as you enter information. Use the keyboard shortcuts summarized in the table below when working in a transaction window. We have compiled some basic keyboard shortcuts for both PC and MAC users: Are you looking for other...
At MCDA CCG Inc., we see project management requests from government and private sector clients. In most cases, our clients are interested in an “agile” approach to project management. In comparison, other clients are more familiar with a traditional “waterfall” approach. We see benefits in both project management methodologies, depending on the project’s parameters. WHAT...
We’ve previously written about the importance of spreading equity to your employees or key partners. Stock options or other similar incentive plans are a great way to attract and retain top talent, incentivize current employees and build long term loyalty for your business. Some companies prefer to only reward senior management. But, I am a...
First, PARTNERSHIPS ARE HARD but here are 5 tips to successful business partnerships. Often, partnerships are formed with two alpha leaders, who now have to agree on any number of decisions on a daily basis. The potential for challenges is a given, but even scarier is the potential for disputes that can suffocate and slow...
Millions of Americans are leaving their jobs as a result of the Great Resignation, which is straining the labor market. There is a big shortage of hourly workers in low-wage sectors like hospitality, leisure, and retail that are directly affected by the pandemic. Raising wages and promoting employees, as well as recognizing and valuing...
A company’s employee handbook is not required by law, and many companies choose not to have one even though many laws require employers to inform employees of their workplace rights. Despite these reasons, I strongly advise writing an employee handbook based on my experience in human resources for more than 15 years. Communicate...
Hosting a work event is a combination of a lot of planning, errands to be run, time management, set-up time and much more that goes into it. Holding an event at your workplace is either a great time or can cause stress on the business due to having to rearrange your workday- in order to...
Meeting fellow business professionals, developing business relationships, and socializing with like-minded people can all be accomplished at business mixers (also called networking events). Business mixers are excellent venues for establishing brand identity and spreading awareness of new products and services among company owners, executives, and employees. You can put your company on the map with...
Any business, regardless of size, can now take advantage of Google’s powerful CRM function by adding a feature to its Business Profile listings. You don’t even need to pay for it. It is important to understand what a Google Business Profile is. Here you can customize your business information so that it is shown...
