For many businesses out there, January is the time to get approval on the coming year’s budget. Assuming that you have prepared a great budget, the next task at hand is to communicate it and get it approved. Below are some tips for ensuring your budget is understood by your investors as well as byContinue reading “Startups: Effectively Communicate Your Budget”
Category Archives: small-business
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”
Utilizing Kaizen To Overcome Manufacturing Uncertainty And Change
Manufacturing is constantly facing new challenges, we are seeing very strong global competition, Industry 4.0 is transforming the industry, and we have millennials entering the workforce. Risks are evolving as well, constant economic uncertainty, and cyber security attacks are becoming a real threat to the industry. To remain competitive, manufactures cannot afford to proceed withContinue reading “Utilizing Kaizen To Overcome Manufacturing Uncertainty And Change”
M&A Transactions: Is Confidentiality a Myth?
All M&A transactions require the business owner(s) to reveal information that is highly confidential and crucial to the success of the business. This action goes against the normal course of action for the business. Revealing this type of information to the wrong party can be detrimental to business operations moving forward, particularly in tight knotContinue reading “M&A Transactions: Is Confidentiality a Myth?”
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”
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”