I may be a Kansas City area resident but having lived in the Rockies for a large chunk of my life, I’m a Denver fan, so I took the opportunity to go to a Broncos vs. Chiefs game recently, in Kansas City. This was my first, and maybe my last, outing to an NFL game. I like to watch on TV but the NFL is not the NFL I grew up with and this game, Broncos/Chiefs, in particular has underscored the changes.
Not only was there a murder in the parking lot during the game, but the fans murdered the parking lot after the game with what looked like a Juarez, Mexico trash dump. If fans believe leaving their trash, and I do mean a lot of it, in the parking lot as a reply to losing to the Broncos is a correct response, then I will never be a fan. Really, who does this?
Don’t Mess with Texas, a slogan created by the State of Texas in response to its citizens being nearly the last in our country to stop polluting by throwing garbage everywhere, was very effective. Don’t Mess with the Chiefs could be a worthy addition to this effort. In the days when Texans were so trashy as to constantly throw stuff from moving cars, litter the highways and roads, they would drive to the Rocky Mountains and do the same thing. They were bad neighbors to New Mexico and Colorado, less welcome because of it. Fortunately they are good neighbors today, because someone took action.
Where are Chiefs and NFL fans headed with this trashing of the parking lot? What does this say about the future of professional sports and fans? Just how far will this go and what does it take to end this?
I would first recommend that anyone caught trashing the lot should be expelled from future games and stadium parking, including the shared Royals parking lot. The cost of small loaders to pick up the trash, and garbage trucks to haul it off after the game would probably be enough saved to pay for the penalty. Second, the pregame tailgating fiasco needs to be reduced to an hour of partying. Let the party head home after the game. And, simple as pie, drunks should not be allowed! How hard is this to understand for a family event?
But really, who cares about the cost? What about the quality of the event? Will the NFL and the Chiefs allow trashy fans to overtake and obliterate the quality of the event? Should anyone allow so many drunks, murderers, and trashy people to hang around and destroy the event? Should NFL fans expect this?
Don’t Mess with the Chiefs and Don’t Mess with the NFL!
Business and practice owners need to consider the most important thing for the continuing development of their business. Customer service, sales and marketing, product and service development, and productivity
are all a constant but their effectiveness is not. In the wrong political environment these constants are negatively impacted by slow growth, reduced number of customers or patients, low productivity, and worst of all, reduced customer service. We are all front-line witnesses to this.
The most devastating feature of a negative political environment is ‘Trickle-Down Negativity’. We may or may not want to believe in trickle-down economics but the effect becomes very real when our own business venture is impacted by increased regulation, increased taxes, and customers and patients who are less willing or unable to pay. The environment is difficult and requires more time and effort, thus expense, to overcome the downdraft of a poorly run government.
Economic cycles come and go but political impact can be long lasting and indeed reduce the merits of small business for an extended period of time. As business owners we must be cognizant of a situation in which this extended impact could be in the heart of our development and earning years, and its impact on our own families and livelihood, not just the success of our business.
We currently operate our businesses in an environment of increasing over-regulation, increasing taxes, withdrawn customer base, and dramatically reduced opportunity in venture. Our own customer base is eroding, not because we are poor at business, but because the opportunity is poor at best. When our best customers cannot afford us anymore, there is something wrong. It isn’t our prices, since we actually feel the need to raise them in order to survive. It isn’t service if we already feel we are giving away all we can afford.
The politics of our situation, this poor business environment, are not about party or personal feelings toward elements of the platform. Our situation is about ideology. We are currently under the thumb of anti-business ideology and an executive branch which seemingly wages war against our potential for prosperity. Fix the current ideology, return to the belief that business owners and entrepreneurs are the fuel of our existence and opportunity, then we can worry about the platform issues later.
In short, the cost of our current political ideology is very expensive. When this same ship had to be turned in the past it took 20 years to overcome in one case and 10 years in the last. We have no way of knowing if the next leadership will be effective enough to keep that time at the low end of the scale. Can we afford to wait 4 more years to see if the current failed ideology will change course? If the impact deepens it will take even longer to turn back around. Are you willing to wait 15 to 25 years for your prosperity to return to reasonable levels? Start the change now.
Can’t help but wonder why they would do that, as in: What do they expect to gain in Facebook? It isn’t a direct exchange from one to the other but what does the fund expect to gain? It seems unlikely they expect to gain share price. Maybe they expect to gain your private information?
I can see leaving Goldman since they are probably finished accepting government money to leverage into other markets for now. Gold is just a hedge, but buying Facebook? That’s really odd unless there is some underlying advantage.
We live in an age of unlimited opportunities. There is no reason why anyone with desire shouldn’t be successful, whether that’s measured with money or impact on society. Even in the case of physicians and the dark cloud of over-regulation, there exists more ways to be productive in that field than ever before. Gone are the days of toting a bag, or simply lining up one patient after another. You can even see fewer patients but achieve higher gross revenue. At the other end of the spectrum you can increase patient load without risking revenue, even if a higher percentage don’t pay.
Anyone with a good idea can form a business to provide a product or service. They can do this with little to no cost. You can literally go to the public library, log onto a computer for free, open a WordPress account, and begin building an online business completely free. How successful it becomes is still in your hands, but the tools are free. You don’t need the high expense of phone systems, postage, location, travel, employees… You only need a way to get paid and a Paypal account is free too, they just take a small portion as the money comes in. So what’s holding you back?
The uniqueness of business opportunity is that it gives you everything you need in life; a permanent job, respect, flexibility, freedom to set your own pace and schedule, location and much more. In addition to personal and creative freedom, business opportunity today can provide a level of multifaceted entrepreneurial-ism at a level never before seen. Jump into any business at any time, or add your own new concepts utilizing technology to your current platform. Your own energy and desire will dictate your limits.
By multifaceted I mean you can literally pursue multiple business platforms at one time. Most entrepreneurs I know are operating between 3 and 6 different platforms at one time, using the high energy level of creativity, caused by demands of business development, to efficiently think and pursue, while the iron is hot, so to speak. If you wait for one platform to be complete you may never start another!
What drives opportunity? The driving force behind up-swelling opportunity is technology, a social revolution in communication, access to anything and quickly, the ability to assemble a whole business from parts others create, and creative minds. Your opportunities are only limited by your open mind to see a big picture or solve a need, and your energy. But not just your energy, also how well you utilize the available energy of others who provide products, services, systems, and expertise you can assemble into your own vision.
How can you utilize opportunity? To pursue your opportunities you must begin by planning. I had to plan this blog post with an outline, otherwise (and maybe still) it might be all over the place, and the resulting lack of coherent thought would prevent you from reading and obtaining any benefit. As it is, I have followed the outline and will be able to conclude this soon! This blog began with a passion, a passion to provide you with the idea that you can expand within or outside of your practice and pursue multiple lines of opportunity. Just like my blog, you have to have a vision of possibilities, a passion to fulfill them, and a meaningful plan or designs which will help you map a course to success. This is what I do with my company; I help people develop their vision of success.
If you take the time to consider the possibilities and develop a vision, or two or three, you can pursue a level of personal productivity you never dreamed of. You are not limited to any one way of doing business; there is no trap to prevent you from creatively seeking opportunity outside the traditional practice design. You can completely fulfill your first objectives, reduce your long term risk, avoid the potential downside of over regulation, pursue other interests, and grow. You will likely need help in this.
Ultimately it is your business. More tools to expand, develop, tweak, and complete goals have been made available to you and the number is increasing every year. You don’t have to use them all, but a few will make a difference. Pause and think of your vision and opportunity. Develop goals to reach. Plan your success by creating a real plan of action. Gather support and supply from other experts and assemble a ‘team’. This team does not have to be people who meet with you; they may just have capacity available to you over the internet. Become an expert in business development by hiring the experts. Implement your plan. You can be much more successful than you ever thought.
P.S. – The Profitability Curve. As you increase productivity and efficiency in business through the effort of building more platforms, you will become better at running your practice and much more profitable. Your breadth of knowledge will become more valuable to you.
Yahoo! may finally be heading to the pile of ashes, but we don’t know for sure if they will become a Phoenix. I’ve been using Yahoo and their services for many years. Once the leader of the online world, only to be dramatically overshadowed by Google which is willing to take a risk on new projects. Yahoo gets on my nerves these days for many reasons:
The news content is garbage! Must be the worst news feed in the world.
User content is often too disgusting for children.
Spam in the can! I can’t believe how much spam I get. Most people know that Yahoo seems like the spam magnet of the world.
Yahoo email is the only place I get virus attacks from email these days.
Web hosting service is good but behind the times for the price.
No good web design tool. They used to have a good one but failed to add CSS.
Yahoo sports is okay, and Finance is really good, but that’s about all I can use them for.
They killed their social platform and are now trying to bring it back in bits and pieces.
Oh, yes, the news isn’t just bad, the headlines are often misleading which is very aggravating.
The new CEO is a social butterfly who may not know what she’s doing.
Of course the new CEO could turn out okay. The last few were… probably still jobless. If Yahoo can regain some old glory I would be grateful to see it! If I stop using Yahoo, then where will I take my web sites and services? I have several ideas but it isn’t as easy as it sounds. I’m used to having one location for web design, email, and server utilities. Google is my current choice for email and HostGator looks like a winner for web services and hosting. The good thing about splitting up the service is that if one goes down the others should still be running, rather than an entire crash. If Yahoo truly loved, honored, and cherished my business, quality of service and support, would I ever leave them? No. If I change, I’ll let you know.
Monetize your practice to a higher, more diverse level.
If you are worried about how to maintain your practice under the potential negative effects of Obamacare, consider these strategies:
Develop alternative lines of business related to medicine
Take your practice to the internet
Reduce income risk by creating more unearned income
Move beyond traditional business platforms and technology
Increase patient communications
Divert fees to alternative lines of unearned income
If you take some strategic steps and focus on income sources, you could build your overall business platform to the extent that normal billing is secondary rather than primary. Wouldn’t it be easier if regulations, insurance, and taxes had less impact on your ability to see patients?
Practice Management is a familiar subject. Our specialty at Ecspex is providing the solutions your practice manager or service normally does not, a design for your successful lifetime.
A major, often over-looked, segment of managing your success is developing a good over-all plan to manage your finances, business opportunities outside of the practice, and good long-term strategies with a view that’s much larger than the daily effort of owning a practice or managing your private office.
Our speciality is your lifetime; the success of your overall productive life including your practice years, your potential second or third careers, your family and partners, and all the things implied by the fulfilment of your many opportunities.
Here’s a list of things often thought about yet rarely planned as well as most would like:
Setting high and measurable expectations
Developing goals and way-points to measure success
Expected rate of return on all aspects of business
Finding the best resources by seeking the best providers
Selecting and implementing strategies
Seeking alternative business opportunities
Weighing the risks associated with your opportunities
Knowing when to pursue and when to change course
Connect with Ecspex and learn how to advance your practice!
Nouriel Roubini, who has been nicknamed “Dr. Doom”, is known for predictions of impending disaster in the economy of the world. What he and others may not tell you is this is all part of a long-term cycle and it is normal for economies to reset and rebuild.
Economic “Doom” isn’t all the fear it’s cracked up to be. In fact, it isn’t really a doom situation at all. It is truly a great opportunity, if it even happens, for the populations involved to start fresh.
Here are a few thing to think about:
The U.S. has changed or reset the currency many times, even in the last 50 years
World currency and economies have slipped and fallen many times, yet here we are
Federal Guarantees have failed in one form or another, often disguised by “new” guarantees
Some percentage of the population will still want to eat, and will still work to do so, even if they barter
A new economy always comes with new opportunity
For a brief period, some will get to pay their taxes with currency which soon becomes worthless anyway
When economies fail, many of the citizens have little currency of any value at the time, and it can be a big relief to replace this with a new currency and “guarantee”, allowing prosperity once again
Savings shouldn’t be in the form of currency anyway, it should be in the form of yielding assets
These are only a few thoughts which highlight the potential positives following “Economic Doom” (if anyone wants to call it that).
My personal opinion is that in times of disaster and fear, humans often show their best nature and are more likely to help each other, by doing more of what’s right. One reason I didn’t like Steven Spielberg‘s version of War of the Worlds is he portrays the worst of humanity rather than the best. Only a small portion of the population becomes so selfish when all are threatened. It is difficult to imagine all the homes and suburbs of Kansas City disappearing, or the water being turned off by the city, grocery stores closing, and vegetable stands going away, all because the dollar just isn’t the dollar we expected. What do you have to trade?
How is it possible that Economic Collapse could turn out well? It is easy to assume people will starve, or there will be more war and chaos, but maybe those are the symptoms of the top of an overly-controlled and dictated economy and the effect of such is already in motion. After the global collapse in the 1930’s, caused by mismanagement of government trust and investment abuse, war later came in the form of WWII. The interesting thing is they may not be as related as we believe. Often the powers dictating the outbreak of war tend to be oblivious to the economic situation. In fact they may take advantage, as Hitler did.
Probably the best simple gadget to buy right now is the Roku. It’s great for streaming movies and more from multiple providers including Amazon, Hulu, Pandora, and Netflix. Can you say “Free Movies”? If you don’t want a BlueRay with built in streaming, or a new TV, or a game console, then this may be the gadget to get you into the new century. If you have Wi-Fi for your computer (still a matter of joining this century) then you should be ready to go. Oh, and the streaming providers have movies on demand and premium streaming. If you have Netflix just add the Roku so you don’t have to wait for a DVD, you can watch an instant viewing movie while you wait… and much more!