It’s not uncommon that NPs approach business with the idea that they can bootstrap their business. Indeed, if you do an internet search, you’ll find tons of articles on how to bootstrap your business. Indeed, there are many companies that did their startup this way. However, it just means they did not go after investors. Read More
There are several different kinds of policies and areas of coverage when it comes to business insurance. For practice owners, this can get a bit confusing. In this episode #62 of the NP Business Matters Podcast, I’m talking about the different kinds of insurance, why you might want to have them, and where to find Read More
If you are billing third-party payers, chances are you’ve run into a glitch or two. Creating better billing habits just might help you breathe easier. Very few of us would say our processes cannot be improved. And judging from some of the NPs I’ve spoken to, and the questions I’ve received, the billing process is Read More
A common concern when starting a practice is where will you get the money, and how will you fund this practice. There are many ways to approach funding your business. For example, a few funding options you might use include: Personal Savings Personal loans Commercial Loans Selling a home or obtaining a home equity line Read More
Starting a practice is not an easy thing to do, nor is it a linear process. There are several moving parts, Many things are happening all at once and they are often interdependent on one another. That’s where a framework comes in. In this episode of the NP Business Matters Podcast (#58), I talk about Read More
There are 6 habits that practice owners have, often for the sake of time, that will hurt their practices. It’s widely known that most businesses fail because of poor cash flow. These 6 habits directly contribute to negatively impacting your practices’ financial health. Habit: Failure to verify If your practice accepts insurance coverage, you must Read More
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