At some point in the future you may want [...]
https://www.youtube.com/watch?v=XXVwTjEIUMo Getting a business off the ground can hard [...]
Let's be realistic, no matter what stage your business is at it's not always going to be plain sailing. Following on from my last video on how to hire people for your clinic I'd like to discuss the issue of having a lean period in your clinic and how to plan for it. A lean period in a healthcare business generally happens around holiday time or staff departures. If you plan for it and you know it's coming then you don't have to stress about it. I heard a great phrase the other day "control the controllables", in other words plan for what you can control and adapt to the rest. I'd also recommend trying to build some sort of a contingency fund for difficult times or expansion within your business. Here are 5 tips to help plan for lean periods regardless of what stage your business is at.
So if you're like me and over the age of 30 you may be thinking about what you're going to do when you retire? If you're a health professional you can't do hands on work forever. So you've got to start putting strategies in place before you reach the age of 40 and burn out. I recently met a physio who was in their early 50 and completely burnt out. They had a thriving practice but no exit strategy. So as much as it's very important to build a business and market it, you need to have something to show for all your hard work at the end of your career. See my original story (click here) and my exit strategy before starting my new clinic CompassPhysio. So lets try to get your house in order before it's too late, here are some simple steps
This week I've decided to ask an expert - Enda Lewis is a chartered accountant from Enda Lewis & Company . Enda has kindly compiled a list of eight fantastic tip to minimise your tax bill. Although some of these points are related to the Irish tax system most of them are transferable to all country. If you are unsure please seek advice from your account.