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Who here remembers the dreaded group projects in school? Whether your group was assigned by your instructor or you had the ability to choose your team, there were always those few procrastination-prone individuals who would dump their work onto the rest of the team members.  “Group projects teach you the team skills you will need...

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We all love the idea of bonuses because “extra” or “free” stuff is incredibly hard to pass up. It’s the reason we get excited as consumers, and also why they intrigue us when considering a job offer.   However, bonuses come with a lot of caveats, too. Understanding how they work and why they’re provided in...

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Supply chain segmentation refers to a process where suppliers and customers are segmented into groups depending upon certain factors. Such segmentation allows supply chain management the ability to allocate resources appropriately to meet the needs of different supply chain segments. Supply chain segmentation is not new. In the 1980’s, Peter Kraljic developed a two-by-two matrix...

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SPAC vs IPO An initial public offering (IPO)- or stock market launch – is a type of public offering where shares of a private company are sold to institutional investors and retail (individual) investors for the first time; an IPO is underwritten by one or more investment banks, also known as the underwriting syndicate, and...

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When the internet began establishing itself among society and businesses followed by refining their processes to fit a digital world, you were right along with them. The truth is, those who not only adapted, but strategically leveraged the modern behavior are in a much stronger position than those who lingered-or opted out entirely.  The same...

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What initially started out as a platform for communities to share their voices, celebrate life achievements, and connect with others, has now exploded into a new method for businesses to reach their customers. Without a doubt, every business joining the social media world hopes to gain traction and see immediate success from it, so what’s...

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Once their business reaches a peak of success in its core industry, many business owners look with enthusiasm to expand their brand into other industries. If this is how you feel at the moment, hear us out before proceeding. The Covid-19 pandemic and it’s counterparts have introduced new methods of working, living, and socializing; resulting...

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Technology continues to evolve at impressive speeds while dramatically enhancing our daily, school, and working lives. (and eliminating many professions in the process) Technological achievements we wouldn’t have thought possible in the past-self driving cars and personal computers in our hands- are standards for the newer generation. While it’s doubtful most of us would prefer...

Pragmatically, any diligent business owner operating with a sensible judgement will want to know the current value of their business. However-either through sheer laxity or plain ignorance-the majority of business owners tend to drop this assignment to the very bottom of their to-do lists. Reflecting back to yesterday’s blog post where we defined how the...

Generally, expert appraisers value businesses by considering three different methodologies: The Market Approach The Asset Approach The Income Approach The market approach-the rarest form-generally observes comparable sales in the market. The asset approach gains preference when a business voids ongoing concern-meaning the business is too new to support an asset-backed or income-based valuation, no longer...

For too far too long, discussions pertaining to mental health-primarily in the workplace-has been carelessly swept under the rug in fear of initiating awkward conversations and acknowledging a challenging issue. Currently, with a high percentage of America’s population still expected to work remotely and an unwavering economy questioning the lifespan of their job, mental health...

Largely created by the Covid-19 pandemic, present-day shifts in organizational trends accentuates how different leadership styles impact the effectiveness of your efforts. While several different leadership styles exist in today’s world, the most effective one directly depends on you and your team culture. Becoming a good leader requires a great deal of time, patience, and...

  Earlier this week, we addressed the serious matter of purchasing a franchise and included a practical checklist for you to complete before reaching for your wallet. Once you’ve COMPLETED this checklist and further notice overall weakness in your answers, we highly recommend that you go back to step 1 and re-do the work. If,...

The demand in the manufacturing world is hot. As ambushed businesses in this industry continue hustling to keep up with ever increasing demand, the slightest mistakes can incur significant costs in reparation. To maintain a continuous quality level of execution, each team member must adhere to their own designated responsibilities- and with many similarities surrounding...

Unlivable conditions, meager compensation, unpredictable hours, and zero advancement opportunities fuel the sharp spike of quitting retail workers across the country. While American workers are quitting their jobs in droves to pursue better opportunities, the retail industry continues to supersede any other sector in this resignation crusade. A tremendous-and still increasing-350,000 retail workers put in...

In today’s complex environment, organizational problem-solving methods demand regular improvement based thinking to move towards a long term goal.  “Kaizen”, a Japanese word, translates as “change for better” and refers to the activities used to continuously improve business processes. Furthermore, a kaizen event is a short term business improvement process aimed to resolve problems in...

In an increasingly competitive marketplace where larger businesses broadcast their competitive pay to attract talent, most smaller businesses can not afford this luxury and ponder ways they can retain employees. While smaller to medium sized businesses operate on a tighter budget, a new method of approach can prove that the little things go a long...

With high stake first impressions determining an entrepreneur’s ability to secure investment, we are often asked by business leaders how to best present to investors and effectively respond to their questions. The most common concern is creating fear and rattling even the most confident entrepreneurs- getting a question they don’t have the answer to. They...

Largely misidentified as an admittance of incapability, the word counsel regrettably turns away even the most strayed individuals. At MCDA CCG, INC., we have helped a growing number of businesses overcome their greatest challenges and streamline even the most complex procedures, but misconceptions surrounding business consulting discourages some from reaching for a helping hand. Unfortunately,...

One of the most least appreciated-yet most essential- functions of a business, properly executed payroll helps keep your organization safe from legal consequences while maintaining overall employee satisfaction. However, improperly performed payroll increases the likelihood of mistakes, elevating emotional uneasiness throughout the company and necessitating combative efforts through time spent and money lost. Fortunately, you...

  With the month of July falling exactly the middle of 2021, now is the time to conduct a mid-year review for your business. This review is important to amend any processes that aren’t working and gives you the chance to incorporate new protocols to continue evolving as a business. Covering a broad range of...

In the professional world, sending calendar invites entails a subtle art and level of etiquette— here’s how to not drive people insane! When I landed my first big job in Corporate America I was so happy when I received my first calendar invite; I felt so special. A second later, I realized the meeting was...

Rendering the widespread economic fears induced by an unforeseen pandemic, the residential real estate industry continues to shock America-hitting their highest peak since 2006. Following lead are companies in industries like online retailers, telehealth services, fitness equipment companies, and more. However, unemployment rates and skepticism around the food industry prevails in their own leading standings...