Entries by David Auer

How to Prepare Employees for a Management Transition

For smooth sailing, keep your team educated, informed, and included Humans don’t tend to like change unless they can clearly see a benefit from it. It’s hard-wired into everyone to trust things, people, and methods that have been around for some time, and to be wary of any element which disrupts the status quo—and business […]

Increasing the Value of Your Business With The Value Builder System (VBS)

Knowing the eight drivers that determine a business’s value is the first step to knowing what your company is worth Different business owners are, well, different. They practice different leadership styles, sell different products, and employ different strategies. They all have one thing in common, however: they want to increase the value of their businesses. […]

Exiting Your Business? Why You Need the Right Business Advisor

Most business owners aren’t prepared to sell or leave their businesses, but the right business advisor can help fill in the gaps So, you’ve decided to sell your business. Whether you’re planning to finally retire, start a brand-new venture, or pursue something else entirely, the decision to sell is arguably one of the biggest decisions […]

4 Questions to Ask Yourself When Planning an Exit Strategy

Sooner or later, you’ll leave your business. Asking yourself the hard questions now can save you time and stress as you exit your company later Have the customers received their orders? Have my employees been paid? Am I getting paid this month? These are probably just a few questions you’ve asked yourself as a business […]

When Naming a Relative as Successor, Business Comes First

Handing the reins to a family member requires in-depth planning, skill development, and a smart tax strategy Our previous blog highlighted how almost 12 million businesses will transition ownership in the next 15 years; a process involving $10 trillion worth of assets. And family-owned businesses make up a significant portion of organizations that will be […]

Business Exit Planning Using the Value Builder System

100 percent of people eventually leave their business. A good exit strategy allows owners to turn a good thing into a better one by protecting assets, building value, and striking the best deal Entrepreneurs want their business to grow and thrive, and an increasing number also want to sell. Last year saw a record number […]

Doctors: Is Your Physician Group Causing You to Pay Higher Taxes?

Classifying doctors as employees can significantly increase their tax burden An increasing number of doctors are banding together to form medical “super groups” and the benefits can be significant: economies of scale, greater leverage in negotiations with insurance companies and large hospitals, administrative support that leaves doctors free to focus on patient care, and a […]

Tips for Maintaining Medical Practice Profitability

Expand with novel services. Connect with new patients. How to build revenue when burdened with rising operating costs and changes in the healthcare system As deductibles rise, medical practices can see big losses. Some patients can no longer afford medical bills, leading them to avoid seeking treatment when they should. Or, many will simply seek […]

What’s the Magic Number a Doctor Needs to Retire?

Doctors can get burned out fast, and early retirement grows more and more appealing. How do you know when you have enough saved to maintain your lifestyle? The thought of early retirement is appealing to most doctors, who are often overworked and exhausted. But how do you know how much money you’ll need when the […]