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MCDA Daily
Your daily business tips
Succession Planning and Ownership Transitions: Preparing for What’s Next
Succession planning and ownership transitions are among the most consequential—and often most deferred—decisions facing business owners. Whether driven by retirement, liquidity needs, leadership development, or unforeseen events, ownership transitions shape a company’s continuity, culture, and long-term value. Yet despite their importance, many organizations delay meaningful planning. The result is frequently a rushed transition, value erosion, or internal disruption at preci
State and Local Tax (SALT) Considerations for Manufacturers
For manufacturers operating in an increasingly complex and competitive environment, state and local tax (SALT) considerations play a critical—yet often underestimated—role in shaping financial performance and strategic decision-making. While federal tax policy tends to attract the most attention, SALT exposure can materially influence site selection, supply-chain structure, cash flow, and long-term growth. Understanding and proactively managing SALT obligations is no longer a
Managing Financial Risk in Volatile Supply Chains
In 2026, supply chain volatility continues to challenge organizations across industries. Geopolitical shifts, fluctuating commodity prices, labor shortages, and technological disruptions have all contributed to an environment where even minor disruptions can ripple through costs, cash flow, and profitability. For finance and operations teams, managing this volatility is no longer optional—it’s essential. Understanding financial risk in supply chains requires both a forward-lo
Succession Planning and Ownership Transitions: Preparing for What’s Next
Succession planning and ownership transitions are among the most consequential—and often most deferred—decisions facing business owners. Whether driven by retirement, liquidity needs, leadership development, or unforeseen events, ownership transitions shape a company’s continuity, culture, and long-term value. Yet despite their importance, many organizations delay meaningful planning. The result is frequently a rushed transition, value erosion, or internal disruption at preci
18 minutes ago3 min read
State and Local Tax (SALT) Considerations for Manufacturers
For manufacturers operating in an increasingly complex and competitive environment, state and local tax (SALT) considerations play a critical—yet often underestimated—role in shaping financial performance and strategic decision-making. While federal tax policy tends to attract the most attention, SALT exposure can materially influence site selection, supply-chain structure, cash flow, and long-term growth. Understanding and proactively managing SALT obligations is no longer a
1 day ago3 min read
Managing Financial Risk in Volatile Supply Chains
In 2026, supply chain volatility continues to challenge organizations across industries. Geopolitical shifts, fluctuating commodity prices, labor shortages, and technological disruptions have all contributed to an environment where even minor disruptions can ripple through costs, cash flow, and profitability. For finance and operations teams, managing this volatility is no longer optional—it’s essential. Understanding financial risk in supply chains requires both a forward-lo
2 days ago3 min read
Understanding Work-in-Progress: How WIP Impacts Financial Statements and Cash Flow
For many organizations, particularly in manufacturing, construction, or project-based industries, work-in-progress (WIP) is more than just an internal operational metric—it directly affects financial visibility and cash flow management. In 2026, as businesses navigate tighter margins, complex projects, and dynamic supply chains, understanding WIP’s financial implications is essential for both strategic planning and day-to-day decision-making. What Is Work-in-Progress? Work-in
3 days ago3 min read
Knowing When It’s Time: Signs to Upgrade HR or Accounting Processes in 2026
In 2026, business functions like HR and accounting are more than operational necessities—they are strategic foundations. When processes lag behind the pace of growth, technology, or workforce expectations, the impact can ripple across efficiency, compliance, and employee experience. Recognizing when it’s time for an upgrade is often less about major crises and more about subtle signals that day-to-day operations are no longer optimized. Below are the key signs organizations s
4 days ago3 min read
A Strong Start: Financial Housekeeping Tasks to Tackle in Early 2026
The beginning of a new year has always been a natural moment for reassessment. But in 2026, that ritual carries added weight. With economic conditions continuing to evolve, interest rate environments stabilizing unevenly across regions, and personal and business finances growing more interconnected, early-year financial housekeeping is less about resolutions and more about resilience. Rather than sweeping changes, the most effective financial resets focus on clarity, alignmen
Jan 23 min read
The Future of Hiring: Workforce Trends Defining 2026
As organizations emerge from a decade marked by rapid digital acceleration, economic uncertainty, and shifting employee expectations, hiring is no longer just a transactional function—it is a strategic lever. By 2026, workforce planning has evolved into a discipline shaped as much by adaptability and values as by skills and headcount. The hiring trends defining 2026 reflect a deeper recalibration of how work gets done, who does it, and why. Below are the key forces reshaping
Jan 14 min read
Leveraging Accounting Data for Strategic Decision-Making
In today’s fast-paced business environment, data is more than just numbers—it’s a strategic asset. Accounting data, often seen as a routine part of financial management, holds valuable insights that can guide strategic decision-making, drive growth, and improve operational efficiency. Businesses that harness this data effectively gain a competitive edge. Understanding Accounting Data Accounting data includes all financial information generated through a company’s accounting p
Dec 31, 20252 min read
How Regular Bank Reconciliations Prevent Costly Financial Errors
Maintaining accurate financial records is essential for any business, regardless of its size or industry. One of the most effective tools in safeguarding your finances is the practice of regular bank reconciliations. While it might seem like a routine administrative task, reconciling your bank accounts can prevent errors, detect fraud, and improve overall financial management. What Is a Bank Reconciliation? A bank reconciliation is the process of comparing your internal finan
Dec 30, 20252 min read
Overcoming Imposter Syndrome as a Rising Professional
For many rising professionals, success can bring an unexpected companion: imposter syndrome . That nagging feeling that you’re not “good enough,” that your achievements are luck rather than skill, or that sooner or later, others will realize you don’t belong. It’s common — especially for ambitious professionals navigating new roles, promotions, or leadership opportunities. The good news? Imposter syndrome can be managed and even transformed into a source of growth. Here’s how
Dec 29, 20252 min read
Coaching vs. Managing: What Today’s Leaders Need to Understand
In the evolving landscape of modern leadership, the difference between coaching and managing has never been more critical. While both roles aim to guide employees toward success, the approaches, mindsets, and outcomes they produce are distinct. Understanding this distinction is key for leaders who want to inspire high performance, foster engagement, and develop talent for the long term. Managing: Directing for Performance Management is often associated with oversight, struc
Dec 26, 20252 min read
Modern Leadership Skills Every Executive Needs in 2026
The world of business is evolving faster than ever. Advances in technology, shifts in workplace culture, and increasing global interconnectivity are redefining what it means to lead. For executives, staying effective in 2026 requires more than traditional management skills — it demands adaptability, emotional intelligence, and a forward-thinking mindset . Here’s a guide to the modern leadership skills that will help executives thrive in the coming year and beyond. 1. Emotiona
Dec 25, 20252 min read
Networking 101: How to Build Relationships Without Feeling Awkward
For many people, the word networking can trigger a mix of excitement and anxiety. On one hand, you know that meaningful connections can open doors, spark opportunities, and provide valuable insights. On the other, the thought of walking into a room full of strangers and starting conversations can feel…awkward. The good news? Networking doesn’t have to be stressful, forced, or intimidating. It’s really about building genuine relationships — and anyone can learn to do it with
Dec 24, 20252 min read
4 Simple Tips for Improving Process Efficiency
In an environment where time, attention, and resources are increasingly constrained, process efficiency has become less of a competitive advantage and more of a basic expectation. Yet improving efficiency does not necessarily require large-scale transformation or complex methodologies. Often, meaningful gains come from small, deliberate adjustments made consistently. Below are four practical, low-friction tips that can help organizations improve process efficiency without dis
Dec 23, 20252 min read
What Most Leaders Get Wrong About Client Communication During Holidays
For many organizations, the holiday season brings a welcome pause—a chance to recharge, reflect, and spend time with family or close colleagues. Yet for leaders, this period can also pose subtle risks in client communication. While intentions are good, common missteps can unintentionally erode relationships, create confusion, or even harm future business opportunities. Here’s what often goes wrong—and how to approach client communication more strategically during the holidays
Dec 22, 20252 min read
Practical Ways to Strengthen A/R Management
Accounts receivable is often viewed as a back-office function—important, but largely transactional. In reality, A/R sits at the intersection of cash flow, customer relationships, and operational discipline. When managed well, it provides predictability and financial flexibility. When neglected, it quietly erodes both. Improving A/R management does not require aggressive collection tactics or complex systems. It requires clarity, consistency, and a willingness to treat receiva
Dec 19, 20253 min read
Benefits and Pitfalls of Using AI in the Hiring Process
Whether we love it or fear it, AI is changing the way we hire, and it’s happening quicker than most of us expected. As AI becomes a standard part of hiring for most companies, organizations that want to stay competitive can’t afford to fall behind. It's sink or swim in this new age, but it’s important to weigh the pros and cons before diving straight in. Here’s some pros for using AI in your hiring process: Reduced workload. This would allow employees to work on other critic
Dec 18, 20252 min read
The Hidden Risks of Subscription-Based Revenue Models
Subscription-based revenue models have become a hallmark of modern business, from software-as-a-service (SaaS) platforms to streaming services and even consumer goods. They promise predictable income, recurring customer relationships, and higher lifetime value. On the surface, it looks like a win-win: companies enjoy steady cash flow, and customers gain convenience and flexibility. However, beneath this promising facade lie hidden risks that can threaten growth, stability, an
Dec 17, 20253 min read
The Biggest Mistakes Job Seekers Make—and How to Avoid Them
In today’s competitive job market, standing out as a candidate requires more than a polished résumé. While many professionals focus on perfecting their experience and accomplishments, they often overlook the subtle—but significant—mistakes that can cost them valuable opportunities. Whether you're actively searching or simply exploring what’s next, understanding these pitfalls can help positioned you for the success you deserve. Here are the most common missteps job seekers ma
Dec 16, 20254 min read
How Financial Consulting Helps Optimize Resource Allocation
For many business owners, resource allocation is one of the most challenging aspects of running a company. Decisions about how to spend capital, allocate personnel, or invest in growth initiatives can make or break a business. Misallocated resources can lead to inefficiencies, missed opportunities, and even financial strain. This is where financial consulting comes in. By providing expertise, insight, and strategic guidance, financial consultants help businesses make informe
Dec 15, 20253 min read
Productivity Myths That Are Holding You Back
In today’s fast-paced business world, productivity is often seen as the ultimate measure of success. But what if many of the strategies we follow aren’t helping — and may actually be holding us back? Myths about multitasking, long work hours, and “always-on” mentalities can keep professionals and entrepreneurs from reaching their true potential. Understanding the reality behind these misconceptions is the first step toward working smarter, not harder. Here’s a look at common
Dec 12, 20253 min read
The Psychology Behind Effective Branding
Branding isn’t just about logos, colors, or catchy slogans. At its core, branding is a psychological exercise: it’s how your business makes people feel , what it communicates without words, and the associations it creates in the minds of your audience. Understanding the psychology behind effective branding can transform how you connect with customers, build loyalty, and differentiate yourself in a crowded marketplace. Here’s how small businesses, entrepreneurs, and profession
Dec 11, 20253 min read
The Rise of Skills‑Based Hiring: What It Means for Small Businesses
The world of work is changing. As traditional credentials and rigid job descriptions become less reliable predictors of success, many companies — especially small businesses — are shifting toward skills-based hiring . This trend prioritizes what a candidate can do over where they studied or how long they’ve worked. For small businesses, this could be a game-changer: it levels the playing field, widens the talent pool, and offers flexibility and potential you may not have con
Dec 10, 20254 min read
Why Manufacturing Accounting is Different—and Why It Matters
Costs rise and fall. Supply chains shift. Regulations change. For manufacturers, managing Costs rise and fall. Supply chains shift. Regulations change. For manufacturers, managing finances isn’t just about keeping the books balanced—it’s about staying competitive in an industry with constant moving parts. Traditional accounting methods often miss the unique challenges of production cycles, raw material costs, and inventory management, leaving manufacturers without the insigh
Dec 9, 20256 min read
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