Inventory Control Methods

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 methodsContinue reading “Inventory Control Methods”

Overhead 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 suchContinue reading “Overhead And How To Reduce Overhead Costs”

Second 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, andContinue reading “Second Chance for PPP Loans and EIDL Grants – Stimulus Assistance for Farmers and Ranchers”

Additional 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 billionContinue reading “Additional PPP Loans Are Coming”

Break 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 salesContinue reading “Break Down The Silo Between Sales and Operations”

Workers 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, andContinue reading “Workers Compensation & Remote Employees”

A 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 youContinue reading “A Guide To PPP Loan Forgiveness”

Business 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 atContinue reading “Business Funding Search: 5 Resources You’ll Need”

What 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 isContinue reading “What To Do If You Violate A Bank Covenant”

Creating A Change Management Plan

What is a Change Management Plan? A change management plan is the outline that informs the use of tools and processes for managing the people side of change. The importance of change management stems from the fact that your employees (or end users) determine the success of your project. Some key aspects of an effectiveContinue reading “Creating A Change Management Plan”