While strong, dependable financial practices remain a predominant key to the current and future success of your business, too many businesses fail to implement them. Despite recognizing that poor and inconsistent financial management excels in causing weak business performance and growth, most business owners still fail to carry out the necessary financial tasks to keep...
With a rapid surge in long awaited, pent up travel demand, aerospace manufacturers brace for an extraordinary labor crunch. At the beginning of last year, the unfamiliar Covid-19 pandemic abruptly brought air travel to an unexpected halt, obliterating jobs and eliminating the demand for new planes. Fast forward to today, the development and introduction of...
Visual Management Boards are displays of information designed by our group of industry experts well-rehearsed in various industry experience and knowledge. The main objective of these boards is to update, control critical points of important processes, monitor performance, display production/Scheduling/dispatch plans, 5’S responsibilities, manually write employee assignments, and store important process documents by using items-such...
By now you understand that-as a startup- turning to investors for funding requires a great deal of preparation, including detailed plans of your business, understanding of your market, and prepared financial statements. (If you’re still unclear we suggest that you look at our previous blogs for more info!) Additionally, there is separate key element essential...
For businesses to grow, survive, and remain competitive in their niche, they must take care of their employees. Supporting your employee’s professional advancement and personal growth is an impactful way to show that you care for them. Employee development is vital for growth, productivity, and the ability to retain your top talent. Nurturing a learning...
Constantly evolving with the change of company processes, your chart of accounts should be reviewed on an annual basis. Having an organized chart of accounts provides an accurate snapshot of how your business is spending and receiving money. While reviewing, it is crucial to find the balance between having enough accounts that your financials are...
If you’ve ever found it difficult to get the results you want from other people, try this simple management technique. Managing people can be a new concept to a lot of new founders out there. They are usually roll up your sleeves and get your hands dirty type of people so delegating work is...
While many different paths exist to gain money to operate your business, the fact is that all businesses need cash to survive and grow. “Cash Flow” is the way cash runs your business and ultimately determines it’s long term survival or potential downfall. Measured over a specific period of time-by month, quarter, or year- a...
The hiring process of new employees involves a great deal of time, patience, and an unwavering skeptical mindset. The decision in this procedure encompasses that you are responsible for choosing the professional that is best fit for your business and it’s culture. To satisfy the requirements of the defined job description, employers will evaluate a...
Successful business owners make it a habit to review their profit & loss at least every month. This allows them to keep a finger on the pulse of their business by reviewing their revenue alongside their expenses. If your bookkeeping processing isn’t up to date and/or you don’t have a P&L statement to review, we...
A day to remember those who made the ultimate sacrifice. Land of the free because of the brave, never forgotten!
The moment you ultimately determined your career goal and created your path to achieve it, there was no chance of stopping you. Driven by sheer passion and hunger for success, you worked around the clock exceeding surrounding expectations, establishing resourceful connections, and defying the odds set against you. With the world at you fingertips...
“To conquer fear is the beginning of wisdom” – Bertrand Russell Unfortunately, as a CEO, you are likely living each day feeling some sort of fear. You are worried about labor costs, employees, new customers, old customers, late orders, and of course-our favorite concern, “How do I appear to everybody?” It usually all comes...
Following the event of a merger, appointed leaders-typically HR leaders-begin developing an internal communication strategy. Helping your leadership team understand the impact of mergers and acquisitions on employees determines it’s overall success. Executive teams lead groups in the right direction, therefore, the moment they fail to acknowledge change, HR struggles to align employees and engage...
MCDA CCG, Inc. will help you decide if a small business loan is right for you and how to apply for one if you decide it’s the right move. For a small business to succeed, it must be adequately funded. At times, business owners realize that they need more money to keep their company...
Visualizing the old way of work, we can sum up a typical day along these lines: Monday morning, alarm clock rings, coffee, cubicles, disengaged, resentment, mundane, and counting down the minutes until Friday. Fortunately, now, the work day is a whole lot different. As workplaces continue to modernize and technology increases the ease for collaboration,...
Mistakes are common in work culture, but when you find yourself relentlessly at odds with an employee, you may be wondering when to break the relationship. Maybe this started with them missing a few deadlines, maybe they’ve created an unbreakable habit of coming in late and unprepared, or maybe they’ve become so undependable you...
Without a doubt, companies embracing the future of technology stay ahead of the game upon the implementation of a successful ERP System. The key word here being successful. While it is in the best interest of many companies to pivot-or continue to pivot- their operations to optimize efficiency in their workplace, doing so comes at...
While several different ways to measure a company’s profitability exist, properly measuring net income arises from calculating the net profit margin. What is Net Profit Margin? The net profit margin measures how much net income-or profit-is produced as a percentage of revenue. It is the financial ratio to reveal and determine how much profit...
How to Have That Awkward Conversation with an Employee Leading a company and managing a team is a highly respected position, where you can create relationships among employees while using your skill set to habitually motivate and work towards a common goal. But what happens when an uncomfortable situation involving employee(s) and...
SWOT Analysis: How it Can Help Your Business With the future brimming with possibility, you’ve invested a tremendous amount of money, time, and energy building up your business. One notable idea, a bit of impulse, and here you are, the influential force of your very own company-and this is still only the beginning. As your...
With entire organizations and powerful shareholders constantly counting on you to make lucrative decisions, the appearance of stress wastes no time making a permanent home in your mind and body. Stress, while an inevitable part of life, jumps from acting as a harmless energy burst to an extraordinary toxic hinderance within...
Often relying on manual spreadsheets or a consortium of software, many small and medium sized manufacturers currently experience relentless strain dealing with low operating margins, slow order-to-cash cycles, delayed payments from customers, increased overhead costs- and the COVID-19 pandemic to further enhance problems. Many of these manufacturers have been operating with minimal staff while...
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...
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...
