As a business buyer, keeping the seller onboard for a reasonable and effective transition period can be the difference between success and failure. This helps get the business off to a smooth start under the new ownership. There are of course potential issues that can arise depending upon how long the former owner stays on,...
As most founders know, fundraising isn’t easy! The process can be long, emotional, and can be extremely difficult. To compound the problem, the COVID-19 pandemic changed the fundraising landscape literally overnight. In today’s environment, the vast majority of pitching and fundraising happens over Zoom. Founders are no longer asked to drive or fly up to...
We’ve previously written about the importance of spreading equity to your employees or key partners. Stock options or other similar incentive plans are a great way to attract and retain top talent, incentivize current employees and build long term loyalty for your business. Some companies prefer to only reward senior management. But, I am a...
The ridiculous promise that gurus can teach individuals how to buy good businesses that can be purchased with no down payment is luring unsuspecting individuals into expensive courses, boot camps, and seminars. These so-called experts are charging thousands of dollars for horrible tactics they have never even tried, let alone succeeded at. It appears that...
Is your business partner, your CEO, or another company leader using the company funds for personal purposes? We have seen this many times and it’s unfortunately becoming much too common. In most situations it is majority shareholders, CEOs, and general partners who were entrusted to manage the company’s financial resources. A misuse of company funds...
There has been so much chatter lately about the bill that congress is trying to pass for a four-day work week. Now, you may be thinking “Oh, that’s great!”, not necessarily for a lot of people. It’s a very fine line of who’s all for it and who’s all against it. It’s probably now...
Whether you own or manage a small business, Fortune 500 company or multi-location firm, you need to maintain a positive online reputation to establish your thought-leadership brand and gain better online recognition. Online reputation management allows you to do just that. Reputation management is the practice of safeguarding the online reputation of an individual, company...
Consulting selling is a sales technique in which the salesperson acts as a consultant to determine the customer’s needs. Rather than trying to sell a product, consultative selling focuses on establishing a relationship of trust between the salesperson and the customer. Consultants have been referred to as value-added vendors, need-satisfaction sellers, and professional sellers over...
If you’re purchasing a business or even selling your own, there is a lot you need to know and consider when doing so. MCDA CCG, transaction services provide a unique, seamless follow-through from strategy to execution of your deal. Our consultants tailored approach begins with listening and understanding your transaction needs. Our consultants provide you...
It’s coming up to summertime and vacations are being requested, but what do you do when you just started a new job? Perhaps you have a yearly summer beach vacation you take with your family and need the time off. You don’t have to abandon your travel plans because you’re a new employee. Here we...
Whether you’ve been recently laid off, changing career paths or just starting out looking for a job, here are some tips and tricks to land that interview. All of us will be there again, as we have all been there in the past. It’s difficult to talk about yourself in an interview. What should I...
There are a lot of different topics and opinions on how one should compensate their employees. No matter if you are a small business owner or a large corporation, you need to make sure your employees are well compensated for. Compensation is key in keeping key employees and driving them to be more productive and...
PLANNING, IMPLEMENTATION, MIGRATION WHAT IS ERP CONSULTING? Accounting, human resources, sales and inventory management are all considered part of enterprise resource planning (ERP), which is a set of integrated and integrated business applications used to manage and automate numerous business functions. Additionally, depending on your ERP choice, you may be able to take advantage...
With Frontier and Spirit Airlines making headlines the past few days upon their merger announcement (Frontier and Spirit Airlines to Merge; Why this Deal Makes Sense) particular questions have emerged concerning the future brand… “What’s to come for the Big Front Seat?” 2. “Will ticket prices increase?” And… 3. “What brand name will they fly...
Earlier this morning, Frontier and Spirit Airlines announced a $6.6 billion merger, a combination of low-fare carriers that would create America’s fifth-largest airline. While the companies have yet to announce what brand they plan to fly under, the combined company would offer more than 1,000 daily flights to over 145 destinations. This merger comes at...
By now, we are sure that you have heard about it on the news, or maybe have seen it during your weekly grocery run, empty shelves in supermarkets across the country. The omicron wave, supply chain issues, and extreme weather conditions have strained several major grocers, and this crisis is starting to hit businesses everywhere...
Throughout the years we have seen a great number of our clients show interest in other companies; this can be achieved in several different ways, but it’s usually completed through an M&A process. While M&A deals are significant milestones and deserve to be celebrated, the process involved creates a period of stress on the buying...
In life you always want to be ready for anything that comes your way. Running your business is no different. The cost associated with not being ready when a potential investor, buyer or other individual comes to your business is incalculable. We have met with business owners whose transactions fell apart by not operating in...
“If something seems too good to be true, then it probably is.” Whether you are a business owner, company executive, and/or entrusted manager, you dedicate yourself and your efforts to help move the establishment forward, working day in and day out. While most outside bystanders don’t see the fulfilling highs and incessant lows of running...
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...
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...
Our entire team at MCDA CCG, INC. would like to wish everyone a very happy Labor Day today! We will be closed until tomorrow. Hope you are all enjoying the long weekend; we will be back in full force tomorrow to meet and exceed your business needs!
Gantt charts: how deep does your knowledge/experience of this project management tool go? A resource that heavily lies on the side of complexity, you may have some questions regarding this effective visual recourse. Questions along the lines of: What exactly is it? When should I be using them? How should I be creating them? First,...
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,...
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...
