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Using KPIs to Drive Management Decisions
 Using KPIs to Drive Management Decisions 1024 536 Rock Creek Consulting Group
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Key Performance Indicators (KPI‘s) are important management tools and we encourage business leaders to use KPI’s in their businesses. What is a KPI? A KPI is a quantifiable measurement or metric which helps track the progress towards business goals. Leaders use KPI’s to make better, data-driven decisions. They also guide behavior, productivity and decision-making, while…

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Onboarding Remote Employees
10 Tips on Onboarding Remote Employees
 10 Tips on Onboarding Remote Employees 1024 536 Rock Creek Consulting Group
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We’re seeing more businesses engage REMOTE employees and subcontractors as they try to attract the best talent, regardless of location. Remote employment presents challenges, including ONBOARDING, which means helping employees quickly become comfortable, engaged and productive. Here are tips on making the onboarding process a success.  1. Plan for IT needs well in advance Employees…

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Crisis Management for Leaders
Crisis Management – An Overview for Leaders
 Crisis Management – An Overview for Leaders 1024 536 Rock Creek Consulting Group
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As Accountants, we hope our clients never face a business crisis… but we also know that business is unpredictable and factors beyond our control can leave a business in dire straits. Even the largest, most well-funded, most successful organizations can face a crisis… and most will rise to the occasion and emerge stronger. Let’s look…

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Reengineering your Business: For Profit and Sustainability
 Reengineering your Business: For Profit and Sustainability 1024 536 Rock Creek Consulting Group
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Sometimes business leaders need to fundamentally change how things are done to grow profit or just to survive. This is termed ‘Business Reengineering’. What is Business Reengineering? Business Reengineering usually means eliminating activities or processes which are not adding value. In some cases, they will be substituted with better processes. Business Reengineering is challenging because…

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Bad Debt: What Is It… and How to Avoid It
 Bad Debt: What Is It… and How to Avoid It 1024 536 Rock Creek Consulting Group
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Let’s start with a definition of Bad Debt. Bad Debt is an amount of money a creditor must write off after a debtor defaults. In other words, it’s the amount of money your company will not receive for products or services sold to your customer. Understanding and incurring bad debt is part of doing business……

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Automating your Business: 11 Focus Areas
 Automating your Business: 11 Focus Areas 1024 536 Rock Creek Consulting Group
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  As Accountants we like to see highly efficient businesses… because that leads to more profit, a higher valuation, and – usually – happier owners, managers, and employees! Automation is one way to increase efficiency. The benefits of automation include: Eliminating or reducing hours spent on repetitive tasks to improve productivity Making processes cheaper, faster, and…

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Delegation for Business Performance
Successful Delegation to Drive Business Performance
 Successful Delegation to Drive Business Performance 1024 536 Rock Creek Consulting Group
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As Accountants, we like to see our Clients operating at high levels of efficiency and generating healthy profits. Many businesses invest a significant amount in human resources, including compensation, recruiting, training and benefits, so it’s important to use these resources wisely. One thing that prevents leaders from getting the most from their teams is the…

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Accounting Creates Business Value
5 Ways an Accounting Function Should Create Business Value
 5 Ways an Accounting Function Should Create Business Value 1024 536 Rock Creek Consulting Group
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Business leaders rely on the accounting function for a variety of purposes. One of these is compliance, but leaders should have much higher expectations of their accounting function. Let’s look at how a multi-skilled accounting function can provide critical support to enable the best outcomes. Objective 1: Business Decision-making (Management Accounting) In this case, Accountants…

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Man Shaking Hands with Accountant
9 Best Practices in Hiring and Working with Subcontractors
 9 Best Practices in Hiring and Working with Subcontractors 1024 536 Rock Creek Consulting Group
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The employment environment is constantly changing… as workers consider their options and businesses look for flexible, cost-effective solutions. Let’s look at some ADVANTAGES of working with independent contractors (or subcontractors). Independent contractors help you quickly fill skills gaps in your team. They enable business growth without taking on employee costs such as taxes, benefits, training, onboarding,…

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Business Growth Is Good! But How To Finance It?!
 Business Growth Is Good! But How To Finance It?! 1024 536 Rock Creek Consulting Group
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In business, there is such a thing as a “good problem”. In this article, we thought we’d focus on the good problems of needing financing. One example is a business that provides a good product or service in high customer demand. The business needs to produce more and invest in marketing, sales, and customer management.…

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