There are a number of keys to selling a medical practice, and increasingly doctors are joining larger health systems rather than trying to run a practice on their own. The same is true for urgent care practices, a part of the ambulatory health care system. Urgent care practices usually act as stand-alone walk-in clinics where […]
Don’t Panic: Dealing with COVID-19’s Economic Impact
There are many things that you should be doing to deal with the COVID-19 pandemic. At the top of the list is to be proactive. Now is the time to focus and be thinking about how best to position your business after the economy has returned to something near normal. Now is not the time […]
Don’t Panic: 6 Tips and 90 Days to Protect Your Business
There can be no way around it, Inc. contributor Brian Hamilton’s April 2020 COVID-19 centered article, “6 Actions to Take in the Next 90 Days to Save Your Business,” isn’t pulling any punches. Hamilton, Founder of the Brian Hamilton Foundation, believes that the next 90-days could be make or break days for business owners looking […]
Don’t Panic: Now Is The Time For Focus
Don’t Panic: Now Is The Time For Focus As of late April 2020, there is one thought at the forefront of the vast majority of businesses around the globe, namely, what steps do I need to take to stay in business until the COVID-19 pandemic is over or recedes? There is no doubt about it, […]
Don’t Panic: Questions for Helping Businesses Survive the COVID
Developing Your 90-Day Plan Those who want to make sure their businesses survive this pandemic will want to achieve a laser-like focus. It is important to realize that the forced downtime triggered by the pandemic affords you the opportunity to work on potentially neglected aspects of your business. Summed up another way, now is the […]
Don’t Panic: Business Buying and Selling During a Pandemic
Don’t Panic: Business Buying and Selling During a Pandemic Previously, we’ve given you some important information about what you can do get assistance for your business during this trying time in our country. As the crisis grows and lingers, dynamics necessarily change for both buyers and sellers in the marketplace. What we continue to tell […]
Look For The Helpers
“When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” – Mr. Rogers We’re all in this together! So, we wanted to put together some information for you to have on hand whether […]
SPECIAL REPORT: COVID-19 – 10 TIPS FOR WORKING FROM HOME
10 Tips for Working From Home In the past, a remote job was a dream job scenario for many office employees. In reality, the transition from office to home can be challenging and difficult to manage at first. In this blog, we will cover ten tips that will ease to transition to working remotely. The […]
SPECIAL REPORT: COVID-19 – 5 KEYS TO MANAGING REMOTE TEAMS DURING CRISIS
5 Keys to Managing Remote Teams During Crisis We are living through a once in a century event, there is no playbook, everyone is doing the best they can as circumstances are constantly evolving. As we work to protect our health and maintain business continuity, we are experiencing unprecedented disruption to our daily lives. Guiding […]
SPECIAL REPORT: COVID-19 – 4 TECH TIPS TO MAKE YOUR REMOTE TEAM MORE SUCCESSFUL
4 Tech Tips to Make Your Remote Teams More Productive Remote work is the future. Does that sound preposterous to you? Then you probably didn’t know one-third of Americans consider themselves to be freelancers or self-employed. There are many advantages for remote workers. For starters, they have more free time; they don’t have to commute or pay for transportation; […]
SPECIAL REPORT: COVID-19 – ULTIMATE GUIDE TO TELECOMMUTING
The Ultimate Guide to Telecommuting and Improving Work-Life Balance Teleworking, telecommuting, or mobile employment. Whatever you call it, it’s impossible to ignore the impact that telecommuting is having on the current workplace. Once, telecommuting was shrugged off as a trend for millennials and digital brands. Now, 25% of the US workforce telecommutes part of the time. What’s more, […]
SPECIAL REPORT: COVID-19 – FFCRA
Families First Coronavirus Response Act Passed What Employers Need to Know Over the weekend, the U.S. House of Representatives passed the Families First Coronavirus Response Act (the FFCRA). The FFCRA was sent to the Senate, with some amendments to the original bill. It was passed by the Senate and signed by President Trump on March […]
Checklist for Valuation
Checklist for Valuation Start with the business Value Drivers: Size, growth rate, management, niche, history Value Detractors: Customer concentration Poor financials Outdated M&E Few assets Lack of agreements with employees, customers, suppliers Poor exit possibilities Small market Potential technology changes Product or service very price sensitive Financial analysis: Market Value – comparables Multiple of Earnings […]
Determining Your Business’s Market Value
Determining Your Business’s Market Value You’re ready to sell your business and use the proceeds to help finance your retirement or your next venture. There are a number of ways to determine the market value of your business. Tally the value of assets. Add up the value of everything the business owns, including all equipment and inventory. Subtract […]
What is a Business Worth?
What Is a Business Worth? Many courts and the Internal Revenue Service have defined fair market value as: “The amount at which property would exchange between a willing buyer and a willing seller, neither being under any compulsion to buy or sell and both having a reasonable knowledge of relevant facts.” You may have to […]