Pacific Crest Group (PCG) fully supports businesses in building their credit to fuel business growth. Establishing and maintaining business credit helps companies increase profits by financing growth and controlling costs. Below are five good reasons to take control of your business credit. #1 – SEPARATION OF PERSONAL AND BUSINESS CREDIT When owners and/or officers of […]
5 Reasons to Manage Your Business Credit Read More »
The percentage of employees with a retirement plan from their employer has been dropping sharply according to the Employee Benefit Research Institute (EBRI). An article in the Harvard Business Review on “Managing People,” stated forty percent of employees are planning to look for a better job within the next six months. About seventy percent say
Employee Benefits Drive Employee Retention Read More »
Chief Financial Officers (CFOs) must master more than cash flow and revenue models. They must be strategic partners in the business. According to IBM’s Global CFO Study, there is a growing gap between the importance of core finance responsibilities and broader strategic questions that affect a company’s long-term success. The importance of integrating information has
Accelerating Cash Flow Makes Your Company More Competitive Read More »
The biggest lesson learned by businesses in 2014 is that Internet security needs to be their top priority regardless of the organization’s size. Many business owners think their company is too small to be a target for cyber thieves. The fact is small to medium size businesses (businesses not on the Fortune 1,000) are easy
2014 Has Been Declared the Year of the Internet Security Breach Read More »
The success of your company depends on your employees. Each person you hire either raises the probability of you meeting your goals or lowers it. The best way to guarantee the growth of your company is to have a solid hiring system in place. Your system needs to be as well planned as launching a
Hire the Right Person for the Right Job Every Time Read More »
Current studies show most businesses fall short of their growth objectives by a wide margin. Failure rates are as high as eighty percent. Why is attaining your expansion goals so difficult? No matter what growth strategy you choose, your company’s infrastructure must be able to support its successful execution. Devising the strategy and implementing it
Why Is Concentrating On Your Core Business So Important? Read More »
A common misconception in Human Resource policies is that job descriptions are for lower level jobs and mission statements are for higher level positions. Higher level jobs include “C Level” positions such as Chief Executive Officer (CEO), Chief Operations Officer (COO), Chief Financial Officer (CFO) and Chief Technology Officer (CTO). This perception can be very
How to Write a Clear Job Description Read More »
Medical costs have skyrocketed over the last several years. Since 1960, healthcare spending in the United States increased as follows according to HealthCare Facts (http://www.justfacts.com/healthcare.asp): from a yearly average of $147 per person to $8,085 (55 fold increase). from 5.2% of the nation’s gross domestic product (GDP) to 17.68% (3.4 fold increase). Pacific Crest Group
Increasing Medical Practice Profits Read More »
One of the best ways to grow your business and monitor your company’s financial health is to use financial Key Performance Indicators (KPI). Pacific Crest Group (PCG) has written extensively on the benefits of KPI management strategies. Stockholders, investors, customers and competitors can use financial data to measure the performance and sustainability of your business
Build Your Business Using Financial Key Performance Indicators Read More »
Overview One of the key advantages of a successful Human Resource strategic plan is that it allows the company to minimize risk exposure with regard to its employees. Many companies overlook this very effective strategy. This point is well illustrated in the case of a large fitness company. Client Introduction The Client provides fitness services
Risk Management Saves Thousands in Litigation Fees Read More »
Overview How many times have you heard company executives say that it is less expensive to hire contract labor than employees? This is not always true. In fact, most often the opposite is true. Making sure there is a clear distinction between contract labor and employees in your company is imperative. The following case emphasizes
Proper Differentiation between Wage and Hourly Employees is Critical Read More »
All companies have a culture whether they are aware of their culture or not. Most company executives agree that culture is the key element of a company’s success. Pacific Crest Group (PCG) puts a large emphasis on understanding, utilizing and improving the culture of your company. Culture can be best understood when you think of
How to Increase the Effectiveness of Your Company’s Culture Read More »