There are plenty of ideas about how to calculate the perfect price for your products or services, but none are very interesting or useful for your small business.
Running a medical office is no easy feat. There are staffing concerns, coding and billing frustrations and everything in between. In efforts to make healthcare affordable to patients, insurance companies are slashing rates and doctors are feeling the pinch more than anyone.
I’m thrilled that “entrepreneurship” is now a major you can study in school. In fact, you can get a master’s degree in entrepreneurship. College is a time for focused, intense learning no matter what subject you pick. Same holds for business majors and entrepreneurs as it does for doctors and lawyers.
Companies come and go. Thanks to the Great Recession, I happen to know several that are on the way out.
You know times are tough when you start spending your time on lawsuits to collect your invoices. Over the last two years, I’ve had to beg, borrow and yes, sue to collect money owed to me by foreign customers. It’s humiliating and a complete waste of time. But it’s also a fact of life:
international accounts receivable demand a different collections strategy.
The ATM on the sidewalk is dead. Long live the ATM in my pocket.