What is the most damaging thing that can happen to your medical business or your independent doctor income?
What is the most damaging thing that can happen to your medical business or your independent doctor income? Well, if the medical practice or your medical income is dependent upon you then if for whatever reason you are unable to work what happens? So I like to think that my business can operate on its […]
I have been missing in action on LinkedIn.
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I do not generally enter political debates.
I do not generally enter political debates. But when the opposition says they are going to give $2.8bn to hospitals & a further $2.3bn in cancer funding, I get interested. We are told waiting lists will disappear and we will have more doctors and nurses. I’m not convinced because I don’t know many doctors or […]
Most medical professionals pay a lot of tax. So it makes sense to do some tax planning now the End of the Year is near.
Most medical professionals pay a lot of tax. So it makes sense to do some tax planning now the End of the Year is near. Most will just look at this year, but I tend to look at this year and next year because your tax strategy depends on what you think will happen next […]
My wife was not happy last week.
Unwell for a while with a painful back, a cold, sore throat etc. Like most women who run a business, she looks after the house & does the school run. The time she spends on herself is lacking. So it’s no wonder she feels a bit drained. It’s my fault. Obviously. But she is not […]
One of my doctors is not a happy bunny.
He has had a bust up with his business partner who apparently has been defrauding him. His partner appears to be a bit of an expert when it comes to creative accounting. His excuse is that he has worked hard so is entitled to more. Aggrieved and angry my client decided to take legal action. […]
I got my team to estimate what our clients are worth.
I got my team to estimate what our clients are worth. This was done scientifically with nuclear missile precision. Except no science was involved. And we had no idea how accurate our missile really was. More like a WWII bomber really. But here’s the thing. We analysed the results & realised it was not as […]
So Labour lost and the Coalition won. Old news.
But the stock market has gone berserk, yet everyone seems to be talking about the economy not firing on all cylinders. It’s all very confusing. It’s the same with taxes. Yes, the government has pushed through it’s tax cuts but when I ask my #medical clients what they think it means I get a blank […]
What is your measure of success? If you think it is money. It’s not.
I always tell my medical clients who own a business they need to be clear on their numbers. They need to include their team too. Most don’t. They fear that anarchy will follow. It may be true. Mostly it’s not. It’s true when the team culture is not right or dysfunctional. There’s is no clarity. […]
We all think patients are our most important assets. I’m not so sure.
If 2/3rds of your team quit, you would not be able to operate. If 2/3rds of your patients left you can still operate albeit with financial pain. Poor staff morale can destroy any enjoyment that may come from running or being an independent doctor in a practice. Staff can create ‘bad vibes’ in the office […]