Articles — Small Business(3)

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Time Management for Small Business Owners

Dr. Linda Hancock Business Small Business

I know some small business owners who are always behind and seem to live in a state of chaos. Others are calm and appear to always be organized. The difference is in how they manage their time. There is really only one way to earn a profit as a business owner. That is to have more income than expenses. Now there are a number of fixed costs that you really can't change - like your rent, taxes and utilities. But there might be others that you can reduce with careful planning - like the amount of paper used, or advertising...

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Business Starting or Developing a Private Practice - Why Bother?

Dr. Linda Hancock Business Small Business

Sometimes it is difficult to decide whether to work for an employer or start your own private practice. There are advantages and disadvantages for each. The decision you make will likely be made based on your personality, goals and the opportunities that are available. For many years, I worked for the government. In 2006 I hired a Business Manager to help me decide whether I should stay in that employment or expand my part-time private practice into a full-time endeavor. There were many things to consider as the government job offered regular hours, guaranteed income with regular raises in pay,...

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Starting or Developing a Private Practice - How Big Will You Build?

Dr. Linda Hancock Business Small Business

Each business owner has an idea of how big they would like to build their practice. Much of their planning depends on the amount of time they wish to invest, the type of responsibilities they want to undertake and the reason that they started the business. My coworker, Richard started a part-time psychology practice to pay for his children's secondary education. I followed his example in order to "test the waters" regarding whether I could move from my government job into my own private practice on a full-time basis. Another peer uses his part-time practice fees to pay for a...

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