I have often promoted the benefits of using assistants to maximize productivity and to eliminate some of the tasks often delegated to the business owner who is also usually a service provider. I know some of you may think that using an assistant probably isn’t realistic for you. Let me try to convince you otherwise. […]
Employee retention seems to be an especially hot topic since the pandemic. According to the Harvard Business Review, 57% of workers are open to looking for a new job and their studies contend that only 32% of employees are satisfied with their current position. Let’s face it, the post-pandemic workplace faces new challenges but we need to […]
Number 1 – Forget About Competing with TCPs and OTCs Hearing aid sales in Big Box stores like Costco and WalMart are here to stay! While the hearing aid market isn’t growing very rapidly, the share that Big Box stores have is the fastest growing segment of the hearing aid market. The Hearing Review estimated that Costco’s US […]
At the conclusion of 2021, I found myself absorbed in the painful but necessary process of analyzing year end data trying to assess the health of the business. While the numbers were better than the previous year, they weren’t what I would have liked. Hoping to uncover some hidden revenues, I wondered how I […]
Many business experts report that Lack of Funds is the #1 reason for small business failure. When I review many years of business, I have to concur that my biggest stresses have been when cash flow dried up. Nothing worse than having more “month than money” or not having enough cash to pay myself. I extremely dislike […]
recently had to face a situation that I had hoped I would never have to face again. In late 2008, after a big expansion at my office and the subsequent crash of the stock market, I found myself with a large payroll, bills to pay and NO CASH. I recall shedding some tears and sharing […]
With the doors to my business closed, we are seeing some patients via curbside service, but staying home is starting to get really old. Trying to stay positive so I will look at this “down time” as a perfect time to restructure and rebuild. I’m focusing on what I CAN do instead of what I […]
I wrote this blog a few months ago, but it is even more important today. Who knows how long businesses will be shut down during this pandemic? It’s critical to investigate any and all expenses and to eliminate any unnecessary spending. Take this down time to really dig in and find any Stumps that may […]
The last couple of days have been overwhelming. What to do? Should I stay open or close? Actually, as frantic as “Will I survive this?” I have had my doubts but after a meltdown and some research and some discussions with colleagues I am absolutely convinced, “We will Survive this!” But the real question for most […]
realized when going thru old blogs that while these are unprecedented and very uncertain times, I have experienced many downturns in business over the years. In fact, just last year, we experienced our worst January in many years because of a polar vortex in Michigan. And now in 2020, we started the year so strong […]