Manager

I have had meetings with those reviewing the possible purchase or those already owning of turn-key business. One thing I have found is that the idea of a turn-key business pivots on the manager hired to run that business. If the manager is a great success, the...

Value based billing

When you go to your doctor, dentist or even plumber, they do not bill you by the hour.  They bill you based on the service they are performing. I was surprised when the orthodontist told me, that he and all the local orthodontists get together annually to set prices. ...

Commercial Property

Are you in the market for a commercial property?  I have a client looking in the O’Hare corridor for a place with a minimum of 20,000 sq ft. They are running into a number of obstacles. The limited amount of buildings available, not buying outright in cash and Hedge...

Running a business

I recently had a client meeting where I have been telling the client he is under billing for services, especially when he needs to utilize outside specialists. I gave him a basic formula to follow, it is far from perfect, but should set him up to get a better handle...

Running a business – two approaches to paying employees

I always love to find out how businesses run, especially with hands off owners looking for a more turn-key approach. I find it more fascinating when there are multiple departments, and they are treated differently. One that I was able to observe for a few years was...

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