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Your 2020 To-Do-List is NOT Your 2021 Marketing Plan

Your 2020 To-Do-List is NOT Your 2021 Marketing Plan

The New Year is fast approaching – under normal circumstances, 4th quarter is a time when most of us reflect personally and professionally on what we did and did not accomplish in the year, decide what our new goals will be for the year ahead, and sometimes build a...

It’s Going to Cost You.  What Are You Willing To Pay?

It’s Going to Cost You. What Are You Willing To Pay?

Since when have you ventured into anything with great results where you had no earlier knowledge of the subject before you started and then magically it all worked out with no exterior guidance (or skinned knees) whatsoever? Right. Never. At a minimum, you watched a...

Is Your Money Safe?

Is Your Money Safe?

Economic events such as the Financial Crisis in 2007-08 was definitely a wake-up call for many. The 2008 crash was the first time since the Great Depression that many people witnessed what could happen to major financial institutions in a matter of days. Lehman...

How to Salvage Your Business When You Are in a Cash Flow Crunch

How to Salvage Your Business When You Are in a Cash Flow Crunch

While it is an unfortunate reality, at some point in practice ownership you will experience times where your business cash flow is insufficient. This not only feels like a contraction of your business but can also cause you to feel anxious, fearful, and sink you...

Why the Traditional Retirement Plan is Not For Practice Owners

Why the Traditional Retirement Plan is Not For Practice Owners

In any area of life or business, you will find certain advice or circumstances which may be a fit for some people, but not for others. The trouble is that one size does not always fit all. As a practice owner, you have unique opportunities and challenges. Therefore,...

Keeping Your Attention  on Your Business Finances

Keeping Your Attention on Your Business Finances

If you have ever been to the mall with a toddler, you know they require constant attention. The moment you take your attention off the child to look at some clothes or thumb through a magazine, there is a good chance they could be 100 yards away petting a stuffed...

What’s Your View?

What’s Your View?

I read an anonymous quote the other day that said, “After climbing the mountain, you can finally enjoy the view.” Then I started to think about how building and running a practice is a lot like climbing a mountain: sometimes it’s an easy hike up a gentle slope and...

10 Reasons Why Practice Owners Are in a Financial Crisis

10 Reasons Why Practice Owners Are in a Financial Crisis

Most practice owners are in a financial crisis. Crisis is a strong word. It is defined as a “time of intense difficulty, trouble, or danger.” Examples of this would be a drug crisis, a drought crisis, a food crisis, or some kind of health crisis. It is a word that...

The Financial "Opportunity Trap"

The Financial "Opportunity Trap"

One’s journey to become financially independent is never a straight line upward. There are hills and valleys, successes and failures, and obstacles that seem like they can never be conquered. However, there is one thing I see happen that can put a business owner or...

The Practice Owner's Financial Sweet Spot

The Practice Owner's Financial Sweet Spot

If you listen to a professional athlete, they talk about their “sweet spot” when it comes to a particular sport. For them, it’s a certain point on their racket, bat, or club which makes the most effective contact with the ball and delivers the best results. For...

Celebrate Your Financial Victories

Celebrate Your Financial Victories

When I was growing up, the Chicago Bulls and New York Yankees were the kings of sports.  While I admired how hard they worked to get to the top, one of the most overlooked actions they took every time they won a big series or a championship was just how much they...