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MCDA Daily
Your daily business tips


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


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


Year-End Financial Red Flags: What Businesses Often Miss and How to Fix It
As year-end approaches, ensuring accurate operational and financial reporting is crucial. Even minor oversights can cause significant ripple effects--disrupting cash flow, efficiency, compliance and ultimately weakening overall performance and stakeholder confidence. Below we share some of the most common red flags and overlooked items that can slow or complicate the year-end close process, along with tips to address them before they become bigger issues. Red Flags in Receiva


Why Your Business Should Outsource Accounting
Outsourcing this critical function offers a range of benefits that can significantly impact the bottom line and streamline operations.
Feb 20, 20242 min read
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Mastering Risk Management: Safeguarding Your Business for Success
In this blog post, we'll explore the fundamentals of risk management and provide actionable strategies to help you safeguard your business.
Feb 16, 20242 min read
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Crisis Management: How to Respond Effectively to Business Challenges
This article explores the essential principles of crisis management and provides actionable steps to navigate these challenges successfully.
Feb 6, 20242 min read
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How and When to Outsource HR to a Third Party: A Strategic Guide for Businesses
Discover why businesses embrace HR outsourcing and learn when and how to make the transition successfully.
Jan 29, 20242 min read
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5 Powerful Business Growth Strategies for Success
While the path to expansion can be challenging, implementing effective growth strategies can make a significant difference.
Jan 26, 20243 min read
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Mastering Financial Planning and Cash Flow Management: Essential Tips for Success
Effective financial planning, budgeting, forecasting, and cash flow management are essential for the long-term success of your business.
Jan 19, 20243 min read
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The Crucial Role of Strategic Planning: How a Business Consulting Firm Can Help
"By embracing strategic planning with the assistance of experienced consultants, your business can chart a course for long-term success."
Jan 18, 20243 min read
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Estimating Startup Costs for Your New Business: A Comprehensive Guide
Accurately estimating your startup costs is essential for creating a realistic budget and securing the necessary funding.
Jan 2, 20243 min read
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20 Smart Cost-Cutting Strategies for Businesses in 2024
"...while cost-cutting is important, it should be balanced with strategic investments to support growth and innovation."
Dec 12, 20232 min read
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The Power of AI in Business: Pros and Cons
In this article, we'll explore the pros and cons of using AI in business to help you make informed decisions about its adoption.
Dec 11, 20233 min read
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Navigating HR Compliance: A Must for Business Success
Failing to maintain compliance can lead to legal issues, fines, and damage to your company's reputation.
Dec 7, 20233 min read
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Choosing the Right Business Structure: LLC vs. Incorporation
Each structure has its advantages and disadvantages, so making an informed choice is crucial.
Dec 1, 20232 min read
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Budgeting for the New Year: Setting Financial Goals and Allocating Resources
Budgeting for the new year is a strategic process that involves setting financial goals and allocating resources efficiently.
Nov 28, 20232 min read
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Building Strong Foundations: Managing Customer Relationships
Let's delve into the art of managing customer relationships and explore strategies that will help your business thrive.
Nov 16, 20232 min read
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Unleashing Business Potential: The Strategic Advantages of Third-Party Services
One strategy that has gained significant popularity in recent years is outsourcing to third-party service providers.
Nov 15, 20232 min read
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How Flexible Work Boosts Sales and Business Success
Flexible work arrangements can have a significant positive impact on a company's sales performance and overall business success.
Nov 14, 20233 min read
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The Power of Collaboration: Building Business Success Through Partnerships
In a business landscape marked by rapid change and increasing competition, collaboration has become a cornerstone of success.
Nov 8, 20232 min read
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Unlocking the ROI of Artificial Intelligence (AI) in Business
Strategic AI adoption empowers businesses, ensuring a promising ROI in the ever-evolving modern landscape.
Nov 2, 20232 min read
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Profit vs. Revenue: Understanding the Key Differences
Understanding the differences between profit and revenue is crucial for business owners, investors, and stakeholders.
Oct 30, 20232 min read
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The Corporate Transparency Act: Implications for Family Offices
The Corporate Transparency Act brings a new level of transparency and reporting obligations to various entities, including family offices.
Oct 18, 20233 min read
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