SILKIN MANAGEMENT GROUP: Some Ideas on a Job Description for a Practice Owner – Part 2

March 16, 2012

Most clients new to Silkin Management Group have few if any job descriptions for the various positions in their practice and none have written out the job description and duties of the practice owner. To help them with this activity we provide Silkin Management Group clients with our extensive Job Description and Office Policy Manual [...]

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SILKIN MANAGEMENT GROUP: Have You Taken These Actions Yet for the New Year?

March 9, 2012

We are in to the 3rd month of the New Year. New Year’s Day seems like ages ago. Day light savings time is coming already this weekend. So I thought I’d review for Silkin Management Group clients and other readers of Silkin Management Group blog sites some key actions that every practice owner should have [...]

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SILKIN MANAGEMENT GROUP: Have You Taken These Actions Yet for the New Year?

March 9, 2012
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SILKIN MANAGEMENT GROUP: Taking on a Partner – Part 5

March 6, 2012

In previous Silkin Management Group blogs we’ve presented a variety of issues to be aware of when taking on a partner, whether that is for the future sale of your practice to the new partner and/or to continue practice expansion. Many clients new to Silkin Management Group consider their practice their primary resource for retirement, [...]

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SILKIN MANAGEMENT GROUP: Do You Have to Give Your Employees a Vacation?

March 1, 2012

Silkin Management Group clients are rarely trained in human resources issues and laws, which are often quite complex. Our clients are primarily health care professionals in the dental, veterinary and optometric fields. Unfortunately they are rarely trained in any business management technology in professional school, but when they start or buy a practice they rapidly [...]

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SILKIN MANAGEMENT GROUP: Taking on a Partner – Part 1

February 27, 2012

Many Silkin Management Group clients are beginning to prepare for their transition to retirement. While this may be 10 years or more away, it is never too early to clearly lay out one’s plans for how their practice will fit into their retirement plans. Silkin Management Group consultants often find that many clients have some [...]

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SILKIN MANAGEMENT GROUP: New Disclosure Rules for Retirement Plans

February 21, 2012

Most Silkin Management Group clients have some sort of retirement plan, whether it is a 401k; IRA, profit sharing, defined benefits, ESOPs, etc. There are a variety of options available depending upon how one’s business is structured and how many employees one has. I don’t know about you, but when I look at my quarterly [...]

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SILKIN MANAGEMENT GROUP: A Sample Yearly Production Game and Staff Meeting

February 16, 2012

In yesterday’s Silkin Management Group blog we presented an example of a successful yearly game one of our clients used that ended up sending their entire office to Hawaii for a week. Was it worth it? Yes! It increased their income by about $200,000 that year. You can link to that article at this Silkin [...]

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SILKIN MANAGEMENT GROUP: Use of a Balance Sheet in a Loan Process – Part 2

February 9, 2012

Two days ago, on this Silkin Management Group blog site we began a discussion of when and when not to acquire debt and the use of a balance sheet when applying for a loan. Our philosophy is that one should attempt to pay off debts as fast as possible and only go into debt for [...]

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SILKIN MANAGEMENT GROUP: Use of a Balance Sheet in a Loan Process

February 7, 2012

At Silkin Management Group we preach getting out of debt and have many financial tools to help our clients accomplish this. At the same time, having a fixed idea of never wanting to incur a new debt is not always wise. The philosophy at Silkin Management Group is that one should only incur new debt [...]

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