Bouncing back from a surreal and nightmarish ordeal, persistent restaurant CFO’s push through coronavirus impact and promptly shift gears to prepare for a substantial economic surge. As a direct result of the ongoing pandemic mandating non-essential business shutdowns, restaurants lost an estimated $270 billion last year, permanently closing many and sending those remaining to...
businessBusiness Coachingbusiness growthconsultantHuman Resourcessmall-businessIntegrate Coaching Into Your Management Style With These 5 Tips
Mathematics, English, Communication, Economics; the moment you step into the role of a manager, your expertise is tested in each core subject you’ve learned before, as they all continue to evolve into the skills necessary for the job. Additionally, you’re challenged in a more distinct and emotional way, perhaps in an area you have...
The journey to entrepreneurship is anything but easy; with critical make or break decisions lurking behind never-ending doors, it is no wonder that-under normal circumstances- only 50% of small businesses survive within their first 5 years. Add on a worldwide pandemic, an evident lack of finances, a sudden cut-off of PPP loans, and the percentage...
Without a doubt, March 2020 was anything but ordinary, and many, especially small businesses, felt the financial impact. The incoming wave of fright and uncertainty surrounding the coronavirus pandemic urged society to immediately halt their services, close their doors, and remain in an indefinite lockdown. With each passing day, smaller businesses quickly began feeling the...
The rules regarding the Paycheck Protection Program (PPP) are hard to understand. We are working with clients daily who are confused about the rules, and I don’t blame them one bit. Here’s an update to help you get some clarity on how to navigate the PPP program. Can you apply for the First Draw PPP?...
We are helping one of our favorite clients with their search for a rockstar VP of Business Development See the link below for more information. https://www.linkedin.com/jobs/view/2485687939/
What is the best way to manage our inventory? This question is very common when meeting new clients for the first time. At MCDA CCG we work with you and assist you in making the best decision for your individual business situation. In this post we will list out the most common inventory control methods...
In today’s ERP systems you can capture, store, and trend an assortment of information such as production, quality, shipping, supply chain, financial activity and so on. Having access to more timely and accurate information, the assumption is that manufacturers use that captured data to take the necessary action to improve business practices. Data helps minimize...
businessBusiness Coachingbusiness growthFinanceM&Asmall-businessStartups: Effectively Communicate Your Budget
For many businesses out there, January is the time to get approval on the coming year’s budget. Assuming that you have prepared a great budget, the next task at hand is to communicate it and get it approved. Below are some tips for ensuring your budget is understood by your investors as well as by...
The supply chain contract is the key factor when questions arise or when things unfortunately go wrong. The contract will set expectations, outline each parties’ obligation and when the obligation ends, and outline the process for dispute resolution. Getting the contract right is crucial. Detailed provisions of a supply chain contract will vary based on...
As lean thinking continues to evolve with things like Industry 4.0, improving your factory layout utilizing lean methodologies can greatly improve your factory efficiency. Many factory managers today experience the same headaches that were common years ago. Do any of these sound familiar? Long production and lead times Bottlenecks in production- at max capacity Too...
businessBusiness Coachingbusiness growthconsultantFinanceProcess Improvementsmall-businessOverhead And How To Reduce Overhead Costs
Overhead, otherwise known as overhead costs, refers to the ongoing expenses associated with operating a business. Understanding your overhead costs and keeping them under control is essential to success as a business owner. Overhead Costs Overhead costs represent business expenses that are not directly related to making a product or performing a service. Expenses such...
businessBusiness Coachingbusiness growthProcess Improvementsmall-businessUtilizing Kaizen To Overcome Manufacturing Uncertainty And Change
Manufacturing is constantly facing new challenges, we are seeing very strong global competition, Industry 4.0 is transforming the industry, and we have millennials entering the workforce. Risks are evolving as well, constant economic uncertainty, and cyber security attacks are becoming a real threat to the industry. To remain competitive, manufactures cannot afford to proceed with...
businessBusiness Coachingbusiness growthFinanceM&Asmall-businessSpecials and discountsM&A Transactions: Is Confidentiality a Myth?
All M&A transactions require the business owner(s) to reveal information that is highly confidential and crucial to the success of the business. This action goes against the normal course of action for the business. Revealing this type of information to the wrong party can be detrimental to business operations moving forward, particularly in tight knot...
It’s time to prepare for the new year, which means that you and your organization must be aware of the latest labor and employment laws. More importantly, it’s time to revise your company handbooks to keep up with the new changes. For an in-depth analysis of how each law might affect your organization, contact your...
Business Coachingbusiness growthconsultantFinancesmall-businessSpecials and discountsSecond Chance for PPP Loans and EIDL Grants – Stimulus Assistance for Farmers and Ranchers
The $908 billion relief package signed into law on December 27, 2020 includes a very favorable update to the Paycheck Protection Program (PPP) for farmers and ranchers. The relief package also provides the Small Business Administration (SBA) with an additional $284 billion for PPP Loans, $20 billion for Economic Injury Disaster Loan (EIDL) grants, and...
businessbusiness growthconsultantFinancesmall-businessSpecials and discountsAdditional PPP Loans Are Coming
A new coronavirus relief bill will provide $284 billion in loans for small businesses. Here is how your business can get a second one. A new $900 billion coronavirus relief and stimulus package was signed into law by President Trump. One of its provisions: An extension of the Paycheck Protection Program, allowing another $284 billion...
businessBusiness Coachingbusiness growthFinanceSpecials and discountsUncategorizedAccelerate Revenue By Reducing Customer Churn
One of the most important KPI metrics that a startup business can measure is customer churn. Churn is a measurement of the percentage of accounts that cancel or choose not to renew their subscriptions in a given period, typically calculated for businesses with recurring monthly revenue streams such as a SaaS business. A high churn rate can negatively...
businessBusiness Coachingbusiness growthconsultantHuman Resourcessmall-businessBreak Down The Silo Between Sales and Operations
When working with clients on their organizational structure, we often see very separated departmental silos. It is a very common mistake, but a very correctable mistake. This post is going to focus on the most common departmental silos, sales and operations. It is common for these same clients to believe that it is the sales...
businessBusiness CoachingconsultantHuman ResourcesSpecials and discountsUncategorizedWorkers Compensation & Remote Employees
As the Covid-19 pandemic continues organizations have been forced to adopt or further expand work-from-home policies. Have you worried at all about your workers compensation insurance? Now would be a good time to review your workers compensation coverage and your processes. Fully understanding which injuries your workers compensation might cover, adapting your safety program, and...
businessBusiness Coachingbusiness growthconsultantFinanceSpecials and discountsA Guide To PPP Loan Forgiveness
The Paycheck Protection Program can be 100% forgiven if you meet certain criteria. We have put together this comprehensive guide you to achieve full loan forgiveness. NOTE: In order to get your loan forgiven, you must complete a PPP Loan Forgiveness Application. In the event that you borrowed under $50,000 or are self employed you...
businessBusiness Coachingbusiness growthconsultantFinancesmall-businessBusiness Funding Search: 5 Resources You’ll Need
If you are a small business owner, it is likely you will reach a time when you need a small business loan to help you through a slow period or in a period of growth. Beginning your search can be overwhelming, with all of the options available out there. We are going to look at...
businessBusiness Coachingbusiness growthconsultantFinancesmall-businessWhat To Do If You Violate A Bank Covenant
At MCDA CCG our finance experts have over 80 years of client experience and inevitably, we have had clients that violated a bank covenant. Our advice is alway to be proactive and upfront and avoid having to be reactive. Bankers Hate Surprises Bankers are looking for clarity, certainty, and more importantly, communication! Their job is...
With so many organizations having gone remote, it’s time to start planning how your company can spread some holiday cheer in the virtual environment. It is more important than ever to celebrate the season, the rough year and the hard work your team has accomplished this year. So that means planning a virtual holiday party,...