Financial Benchmarking for Private Medical Practices: Key Metrics to Track for Success Running an efficient and profitable private medical practice takes more than just being a talented physician or provider. In today's complex healthcare environment, you also need to have a firm grasp of the financial and operational drivers that impact your organization's success. This [...]
Navigating Cognitive Bias: A Comprehensive Guide for Small Business Owners Cognitive biases are inherent in human nature, exerting subtle yet profound influences on decision-making and problem-solving. Small business owners, often tasked with wearing multiple hats, are not exempt from these cognitive pitfalls. In this blog, we'll delve even deeper into 13 cognitive biases that can [...]
Leasing vs. Buying Equipment: Which is Better for Your Small Business? When your business is looking to acquire new equipment, you face a critical financing decision - should you lease the equipment or buy it outright? While simply purchasing equipment may seem simpler on the surface, leasing comes with unique financial benefits that can be [...]
Improving Financial Health: Cash Flow and Cost Control for Home Health Agencies Operating on notoriously thin profit margins, home health agencies must be savvy and disciplined when managing their financial health. With reimbursement rates continuing to tighten and costs steadily rising, agencies have minimal wiggle room. Optimizing cash flow while keeping tight reins on overhead [...]
Trusted Advising: Price to Profit - Mastering Pricing Models to Maximize Margins! Running a business can be quite the rollercoaster, and one of the most exciting yet challenging parts is figuring out how to slap a price tag on your product or service. That magical number can make or break your venture, affecting [...]
Trusted Advising: Finding Financial Success as a Sole Proprietor - FREE RESOURCES! Our mission at TSAT is to help you find and achieve your own personal version of financial success as a sole proprietor. Personal Sole Proprietor CFO Vault is about learning how to become financially successful when you as a sole proprietor [...]
Overcoming Imposter Syndrome as an Entrepreneur When I took the terrifying leap into entrepreneurship, I knew there would be rollercoaster highs and lows. But I never could have prepared myself for the deepest lows – the ones inflicted by my own mind. Soon after leaving my steady 9-5 job behind, unrelenting self-doubt took hold. [...]
The Role of S-Corps in Succession Planning: Ensuring a Smooth Transition Welcome to our guide on business succession planning! If you're a business owner, you've likely poured your heart and soul into building your company. Watching it grow from idea to reality has been your life's work and legacy. But there will come [...]
Measure what you treasure! 1. Key Financial KPIs for Small Businesses Running a small business is no easy feat! As an entrepreneur, you have to wear many hats and pay close attention to the numbers to stay profitable and grow. But we know diving into the world of small business finances can be [...]
Unleashing Your Business Potential: The Integral Role of a Trusted Advisor! Unleashing Your Business Potential! As a small business owner, witnessing your endeavor scale and flourish is both thrilling and daunting. This leap from a budding startup to a prosperous entity mandates diligent financial planning and strategic decision-making. To navigate this landscape effectively, [...]
