As the digital era tempts us in offering closer looks into our personal lives where we interact with others in a less than formal manner, delicate subjects quickly intertwine with appropriate topics. Furthermore, day-to-day usage of increasingly popular social media platforms combined with opinions of our country’s direction makes it difficult to prevent politics in...

Do you have a know-it-all on your team? With the tendency to barrel through work related tasks while disregarding feedback from the rest of the team, sub par know-it-all’s create overall quality concerns and frustration from the rest of the team. Additionally, heightened obstinacy creates difficulty when trying to provide feedback to these individuals to...

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...

A company’s inventory functions as the blood keeping it alive, where even the smallest adjustments to its operation methods allow significant benefits in return. Focusing on your inventory tracks its value for inventory financing purpose while reducing business income for tax purposes.  The most commonly used warehousing method, First In First Out (FIFO), allows retailers, ecommerce, manufacturing, and other businesses quickly deliver...

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...

Staring at the long weekend set out in front of us, a majority of your workforce eagerly anticipate their extended ability to unwind and relax. However, as a business owner/leader/executive/etc., common concerns theorizing a long-weekend-induced-delay may leave you with feelings of anxiety. Stop allowing this! While situations pertaining to the shortened work-week and post holiday...

In recent months, increasing rates of demand over hiring senior executives highlights the critical urgency for business owners to intentionally step up their efforts to retain their top talent. With post-pandemic effects and a booming economy invoking innovative hiring model procedures, organizations are demonstrating that they will do almost anything to bring in new leadership...

The subcontractor that you hired on a project is suing you for non-payment. Even though the case has been going on for over a year, you still can’t believe the nerve of this company. Unsatisfactory performance and extensive costs incurred in delays, replacement materials and additional fees led to their ultimate termination from the project....

In today’s modern world saturated with corporate giants, medium sized firms, a multitude of small businesses, and accelerating start-ups, survival by strategy has never been so important. Because of this relentless competition, it’s crucial that firms take each necessary steps in ensuring the decisions they make and the money they spend will ultimately increases profitability....

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...

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...

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...

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...

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...

  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...

  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...

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...