Let’s think back...why did you launch your business? Did an opportunity present itself that was too good to pass by? Was there a driving desire to be your own boss or, maybe, you created an incredible product or service that was absolutely needed in the market. Regardless of the start, congratulations! You got your business off the ground and made it through the start-up years.
US Bureau of Labor statistics show that more than 600,000 businesses start up each year but an almost equal number close. Although percentages fluctuate, 20% of businesses close in the first year, 50% after 5 years and only 35% survive after 10 years. There is one constant with the most successful businesses—to keep it going, you’ve got to help it grow! How do you know if your business is growing? Besides the happy dance you may be doing each morning as a successful entrepreneur, here are some key indicators of a growing business: You’re making money—profits are greater than losses. Sales are growing—there’s a continued and growing demand for your product or service. You deliver a positive client experience—your customer base is retained and growing. You’ve created a culture of success with your employees—low turnover, high retention. So, you’ve checked the box on these key indicators, yet you know your business can be even more successful. What’s holding you back? The most common answers:
One or more of these answers sound familiar? There is no one-size-fits all answer but streamlining your business infrastructure will go a long way to remove hurdles, manage risk and give you time to focus on your business passion. Let me bring my experience to you as we address regulatory and operational risks. Let’s discuss what’s holding your business back, assess it and determine the best way to manage it and put a plan in place to monitor it giving you peace of mind and allowing your business to continue to grow! Intrigued? Have questions? Please email me at [email protected] and let me bring the business I’m passionate about to you. Submitted by SCCCC Member: Suzanne Barba Suzanne Barba Consulting 302-220-0090
3 Comments
![]() Comparing retirement communities and considering whether or not they are a good option when compared to living at home, is a big decision. One of the first questions people want to know is “How much does it cost?” No matter where you live, there are costs involved. At home, you may have a mortgage, yearly taxes, utility costs, and then of course, maintenance, ranging from keeping all your appliances working to taking care of the outside of your home. When you move to a retirement community, many of these costs are included in a monthly fee. Some Life Plan Communities, provide for your long term healthcare needs as part of the contract. Part of your monthly fee covers the costs of healthcare and your long term care, which makes a portion of each month’s fee tax deductible for many people. That’s something important to note and to compare when comparing fees between retirement living communities. Understanding the differences In many fee-for-service retirement communities, there are attractive monthly fees when you move in, but costs can escalate and can even double from the initial monthly amount as you require more care over time. If you and your family haven’t budgeted for this cost, there could be problems as care needs expand. What seemed like an affordable option can quickly deplete your assets. With some (not all) Life Plan Communities that offer a traditional Life Care Contract, your care is already factored into your monthly fee. While fees do increase by a small percentage to keep up with rising salary, utility, and food costs, you will never have to pay additional fees above your monthly fee for higher levels of care. That means when you may need to move to the assisted living/personal care or skilled nursing areas, there are no additional fees. You pay your current monthly fee only. With rates for skilled nursing care beds running at $13,000 per month per person or more, you can easily see how a traditional Life Care Contract provides you peace of mind and protects you from unexpected costs if you have health concerns. Submitted by SCCCC Member: Michele Berardi Kendal-Crosslands Communities 610-388-7001 |
Archives
May 2024
Categories |
Copyright Southern Chester County Chamber of Commerce.
All Rights Reserved. 2021 8 Federal Road | Suite 1, West Grove, PA 19390 Phone: (610) 444-0774 | [email protected] | sitemap |
|