As a consumer, how much of your purchasing decision is influenced by both the positive and negative reviews of others? Without a doubt, the internet has globally connected people in more ways than we ever thought possible, and online reviews now have the power to make or break an establishment, drive a product to the...
Today is not a day to worry about your calendar and your to-do list; it’s a day to unplug cherish time with your family and friends. From our team to yours, we wish you all a wonderful and happy Thanksgiving. In light of today, our MCDA CCG team also want to express our appreciation for...
When your business has an established online presence, your website traffic serves as one of most significant key performance indicators. Higher website traffic builds a higher number of audience awareness, prompts inquiries and generates more sales. Also, repeat visits from the same individuals exhibit repeat customers. However, when you notice that your website traffic suddenly...
Calculating your businesses financial performance and utilizing the information to make decisions plays a critical role in driving your growth and increasing profitability. That being said, with so many different metrics pertaining to various parts of your business, it can feel overwhelming. Today, we’re going to discuss the basics about profitability ratios, why they are...
If you are a small to medium sized business owner, you will more than likely receive cash payments from your customers. To ensure that your books and records are accurate, you need to know about recording cash receipts. Cash receipts are the written proof that your business has made a sale. One copy of the...
Earlier this year – back in July to be precise – I ordered something that I needed for an upcoming summer trip. Once the notification came that the package was properly delivered, I felt the same rush of excitement that we all tend to feel when we receive a gift to ourselves. But after opening...
From time to time, you will make accounting errors, so knowing how to catch these discrepancies is an important skill to develop regardless of what accounting software application your team and company uses. The moment an error is spotted, investigative measures should immediately be taken to correct the mistake. Time is of the essence here,...
Until recently, Operational Technology (OT) and Information Technology (IT) have worked separate from each other in many industrial establishments. However, modern advancements towards Smart Manufacturing Methods and increasing recognition of collaboration benefits propels industry leaders to close this gap. Businesses that master this cutting-edge convergence ahead of their competitors will see significant advantage and substantial...
To a certain extent, you understand that maintaining accuracy with your businesses finances is important. Working alongside businesses and their financials for over twenty years, our MCDA CCG team have witnessed how a single, slight rounding error can ensue internal chaos. These small mistakes can result in devastating consequences, such as job loss, stakeholder penalization,...
As organizations struggle to find, attract and retain employees in the wake of the Great Resignation, establishing a reputable workplace is more important than ever! Contrary to popular belief, competitive compensation is not the only thing that drives employees to a particular company, in fact, a strong benefit plan can set you apart from your...
Today we observe the annual event of Veterans Day here in the United States. This is a day to honor and extend deep appreciation to all of the men and women for their worldwide service and sacrifice to support their country. Today we remember the spirit and courage of all who have gave their lives...
Most owners want to grow their business. While dissimilar mission statements influence each unique journey, the goal of creating long-term, profitable growth is universal. And whether you are just starting or established and looking to extensively scale, obtaining financing is necessary to fund business growth. In order to accept business investments from angel investors or...
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...
As we pace into the second week of November 2021, the largest retail weekend of the year is right around the corner: Black Friday. Black Friday weekend has always been a lot to prepare for, and as the pandemic complicates the logistics of retail supply, this year’s holiday season is expected to pose unique challenges...
Whether you are working from home, the workplace, part-time, full-time, we are spending a great deal of time in front of digital screens! In fact, it has been estimated that we spend about seven hours per day in front of our digital screens. Concentrating on our computer screens at work, glued to our smartphones during...
While manual tracking efforts were sufficient in the beginning, your growing staff, resources, machinery and sales are quickly making you realize that it may be time for an update. MRP is a computer-based inventory management system designed to improve productivity for businesses, yet many companies worry whether or not they are in a position to...
In the workplace, employees may sometimes seek exemptions from certain policies or rules based on religious grounds. And as Covid-19 vaccination mandates continue to take effect in companies over the country, an increasing number of employees are currently seeking exemptions for religious reasons. These requests must be handled carefully and in compliance with applicable laws....
Did switching your calendar to November 1st throw you for a head-spin? Us too. But while we are more mesmerized by how fast this year came and went, many business owners routinely find themselves unprepared and scrambling to correctly close their books at year-end. We know how overwhelming the year end-procedures can be, especially if...
Whether your business is in its startup phase or you are an established company reaching new milestones, you will find numerous benefits in measuring short term performance metrics. With today’s leading technology integrating user-friendly analytical resources, it’s simple and affordable to track your Key Performance Indicators (KPIs). Customers today have a wide array of options...
Today’s “Sunday Scaries” are brought to you by lively Trick-r-Treaters, a candy-induced sugar high, jack-o-lanterns, and Michael Jackson’s, “Thriller.” From our MCDA CCG team to yours, we wan to wish you a very Happy -and safe-Halloween! Grab your costume, meet up with your friends, and have fun today! What are your plans? Comment them below!
This weekend is the last weekend to celebrate and partake in the Halloween festivities, and it’s usually now where things can tend to get a little crazy. From imaginative costumes to the informal party atmospheres, it may feel a little unclear as to how to maintain your professional persona in a celebratory manner. What you...
The average person makes thousands of decisions every day, big and small. Whether you are the CEO of a business, a manager, or an employee, your decision making skills can make all the difference in your career. While it’s factually impossible to make the right decision all of the time, the goal here is to...
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...
What would you do if you walked into your workplace one day and found the following message: “YOUR FILES ARE ENCRYPTED – IF YOU WANT TO RESTORE YOUR DATA YOU MUST PAY” This is a ransomware attack. These messages always include a second line demanding payment within a very short timeframe, typically with Bitcoin to...
We see it every year; less than sufficient ERP systems and practices creating impacts on companies who fail to treat it as a top priority. To maintain your company’s competitive edge and future stance, it’s required that you can readily adapt and transform to meet current challenges while your software continues to advance for the...
