01.06.14

Why Everything I Thought I Know About Churn is Wrong

Here’s a nice short article by Tomasz Tunguz about the intricacies of calculating customer churn rate and the related lifetime value. I like this article as Tomasz does not go too deep on the math behind this and instead focuses on high level scenarios where churn rate can vary dramatically. He then links to other […]

01.03.14

Three Problems With Your Business’ Financial Model

Does this sound familiar? “So tell me, how exactly does your business make money?” asks the inquisitive VC. “Um….what do you mean?” you ask, “Can’t you see our hockey stick growth projections on page 2? That’s how we make money, and boat loads of it!” The VC looks at the chart unimpressed and suddenly has […]

01.02.14

Dedicated Employees – Your Organization’s Greatest Asset
Barbara Miller

It is understandable that during tough economic times, it may be necessary to freeze wages or award minimum pay, while asking employees to take on new responsibilities. However, do not lose sight of the importance of your staff, from hiring and training them to rewarding them for their performance, and providing motivation to stay. This article explains how to motivate staff in ways that are not too hard on the budget.

12.23.13

Patient Kiosks May be the Wave of the Future
Danielle M. Gilbert

In the future, patients may never need to check in with a receptionist to begin a physician visit. Instead, they will go to a computer station or pick up a tablet and check in electronically to verify their personal information, determine insurance eligibility and identify medication or allergy changes. A kiosk can help streamline the front office, enhance clinical accuracy, and reduce billing errors and denied claims when connected to Electronic Health Records (EHRs) and practice management systems.

12.20.13

How to Analyze a Deal: Looking Beyond the Numbers

As the real estate market has continued to improve, there has been a proliferation of real estate “deals” from syndicators and developers looking to provide benefits for themselves and to their investors. It is important to know what to look for when reviewing a new deal.

12.18.13

1099-K Reporting

It is almost tax filing season again and soon you will receive various third-party documents to assist you in preparing your taxes. One of the forms you will receive is a 1099-K from your credit card payment processing company. This blog will explain the best way to use this information.

12.16.13

Is Your Company’s Data Protected?
Tanya Gierut

Most people associate theft at a manufacturing company with loss of product or material. Although in the past this may has been true, a new type of theft has surfaced and it relates to intellectual property. Some of the greatest assets a company has are their vendor lists, trade secrets, customer database, and employee data. Without the proper security measures in place, a company is left with their doors wide open – the doors that lead to their network.

12.10.13

When Not-For-Profits and For-Profits Unite
Tamara Partridge

Joint ventures can provide many opportunities for not-for-profit organizations. First of all, linking up with a corporation can be a great branding tool. People put more trust into organizations that are associated with a “brand name,” and investors may be more willing to provide support. Corporations may have greater access to resources and can help the not-for-profit accomplish fundraising or program-related goals. Additionally, some alliances may even benefit from tax incentives.

11.26.13

The Role of the Audit Committee
Charles J. Burke

Public companies are required to have an audit committee (due to the Sarbanes-Oxley Act of 2002), and while not required, many not-for-profit organizations have also started their own committees as well. In order for an audit committee to be successful, both the organization and committee members must develop and fully understand the committee’s role and responsibilities.

11.25.13

Is a Reverse Exchange Right for Me?

Real estate investors interested in enjoying the tax benefits of a like-kind exchange may consider a “reverse exchange.” In a reverse exchange, the replacement property is acquired before the investor transfers the relinquished property. While the tax code does not allow an exchanger to exchange into a property already owned, a reverse exchange allows an exchanger to secure the replacement property prior to the sale of the original property. These transactions are more complex than a standard 1031 exchange and come with certain advantages and disadvantages.