High Deductible Plans
High-deductible insurance plans pose new challenges for medical practices. The end result is that patient collections are shifting from third-party insurers to medical practices. This added collection burden spawns other obligations that medical practices might not want to tackle, but in the end will have to face: Patient Education Most people with high-deductible plans […]
Successful Entrepreneurship 101: Being less Busy and More Productive
Entrepreneurs often profess to be stressed out and “so busy” that they never have time for anything, even their own families and friends. When I ask many of my former clients about leaving their business to their children, many respond that their children don’t want the business. They just don’t want to work the long […]
13 Tips for a Successful Business
Here are 13 tips to help your business grow and succeed. 1. Invoice and collect on a timely basis Don’t forget to check your accounts receivables and aging reports for any balances that are outstanding. If after 30 thirty days you have failed to receive payment, set up a template and a reminder on […]
The Entrepreneurial DNA and the Keys to Success
In the eighteenth century, the typical entrepreneur was defined simply as one who started a business. This definition has over time expanded to include other attributes such as one who is a risk taker as well as one who possess the ability and skills to manage scarce resources. In today’s global environment, the DNA of […]
New Authority Will Bolster Women-Owned Small Businesses
The U.S. Small Business Administration put out a press release today stating the following: WASHINGTON – The U.S. Small Business Administration (SBA) today issued a final rule authorizing federal agencies to award sole-source contracts to women-owned small businesses eligible for the Woman-Owned Small Business (WOSB) Federal Contract Program. Effective October 14, 2015, the rule levels […]
Finding the Cash You Need for Your Business
Cash is the life blood of any business, large or small. Like an elite athlete requiring a gulp of oxygen to finish the drill, most businesses need outside sources of cash for top performance – to purchase equipment, enter new markets, or meet payroll. If you need cash to start or grow, what are the options? Equity investment is […]
Technology Must-Haves for Small Business
Have a great idea for your own small business, but don’t feel like you have the experience to get started with making it a reality? With the job situation still uncertain in much of the country, many people are stepping away from traditional job paths to start their own companies instead. Fortunately, this means that […]
Four Factors to Consider When Expanding your Business
There will come a time when you will saturate the market and have to consider growing your business by entering a new location. While there are many factors to consider, current relationships could play a major role in the success of the new location. As you and your team begin searching and planning, remember to consider […]