7 Ways To Avoid Blood Pressure As A Medical Person

This is topical issue among a lot of people. It can also be controversial between couple. It can boil and brew tension between parent and children. It can lead to strike and unrest within a country. As topical and controversial as this issue is, it can be well handled and managed individually and as a family if only we can practice the 7 lost secret.

WHY IS IT LOST? It was there before but was neglected. These lost secret are principles and principles are everlasting. Consider them critically and practice them.

1. Master Money But Never Be Mastered By It.

In my book ATTAINING FINANCIAL FREEDOM I spoke extensively about the fact that money is not real, it is a tool. Money as a tool is very obedient and never sleep. But on the other hand when money stop been a tool and becomes a master it is very demanding and oppressive. How Could this Happen? This can happen if you allow money or what you do for money dictates how you leave your life.

Remember as said in the beginning of this article that these are principles. Now ask yourself: Am i Having Enough time for my Family, friends, personal growth, Vacation,Health? If No, it means money is becoming your master.

2. COMPLAIN LESS, BUT LIVE IN ABUNDANCE.

Most of the time we as human complain that we fail to realize when what we complain about was achieved. Yes one can complain but learn to reduce it. This can be if you can also be in the state of gratitude. Be grateful for what you already have, doing these will make you to think highly of yourself and avoid running into debt as a result of trying to impress rather than enjoy life.

Before you start complaining about your spouse, parent, job or your life, first consider the present benefit you enjoy and grateful for it.

3. HAVE A BUDGET!

This is a very simple principle, but as simple as it is, it is the most difficult thing to do until you can make it your habit. I tell you this because i was once a victim. The only way out is to keep a record of how you spend your money. Yes it is your money, but failure to keep a record can ruin your finances.

4. LIVING ON BORROWED MONEY.

Many people today are living on borrowed money, buying everything they need and want on loan. In fact some banks even encourage people to buy their furniture, shoes and clothing with loan.If you listen to such adverts, you are gradually burying your financial future. Borrow less and pay more with cash

5.PAY BACK WHAT YOU OWE!

This can be serious issue, but the best way out is to pay your smaller loans first. after you are done with then proceed to paying your bigger loans. Paying back will bring your life back.

6.GIVE,GIVE,GIVE

The more you give the more happier you become. It is like lending out money to God based on compound interest. This will also enable you to pay yourself too.

7. ASK FOR GOD'S HELP!

I hope this is help to you. Your comment is highly appreciated

Thanks

Why Most Doctors Cant Manage Their Practice Successfully

Looking for the answer to this question can not be far fetch. One only need to look at the kind of training every medical person went through as a medical student, then you will see the answer steering you in the face. Are you still confused? Don't be, Doctors are never taught to think like business-people, Medical person is forever at war with becoming a Business person.

That is why most medical practitioners, no matter whom they are: doctor, dentist, pharmacist, and so on, all build their so called business on their set skills. Thinking that the fact that they are skilled at what they do they can run the business that runs that practice, which is far from the truth. That is why they only build a practice instead of a business. Let us see how these play out, and how these affect you.

Running a successful business involves your ability to manage your business resources effectively which include material and human. But what do the doctor do, they face the issue of managing badly. Sometimes when they do they end up abdicating responsibility while they focus on the practice which is also a wrong solution. Every medical person i have had the opportunity of relating with never actually saw themselves as a manager, but only a doctor. Even when they do try to manage, they manage the wrong thing, the people instead of the system.

Management has far less to do with people than you've been made to believe. As you probably already know, people are almost impossible to manage. What’s more, they are unpredictable, unchangeable, irrepressible and generally impossible. Rather than managing people, management is really all about managing a process, a step-by-stem way of doing things, which, combined with other processes, becomes a system. 

More to come later, but for now hang on to this and am sure it will help you very much. Have this article been of help to you? Please drop your comments, thanks.

Joy Akinlolu.

Why 95% of Medical Practices Will Fail!

Every medical person starting his or her business must have a plan. This is so important that you should not even start seeing a patient without one. But the largest percentage of Doctor does. A doctor lacking a business vision is simply someone who goes to work every day. Someone, who is always busy! Busy, Busy, Busy. Maybe making money or maybe not. Taking changes without really taking control.

The plan am talking about tells anyone who needs to know how we do things here, defines the objectives and the process by which you will attain it, organize task into functions, and then helps people understand the logic of each of these functions.+Linda Ikeji +Lordson Okpetu 

          Every medical practice is a company, every medical business is a company and every enterprise is a company. The difference is extraordinary.

The business of all three may be health-care, how they do what they do is completely different.  The trouble with most health care companies is that they are dependent on the Doctor. That’s because they’re a practice.

          The company called a practice depends on the owner- that is, the doctor. The company called business depends on other people plus a system by which that business does what it does. Once your practice becomes a business you can replicate it, turning it into an enterprise.

          Is your medical company going to be a practice, a business, or an enterprise? Planning is crucial to answering this all-important question. Whatever you choose to do must be communicated by your plans, which are really three interrelated plans in one. It consists of: +Adebola Oni  +osifeso omotola 

·        The business plan

·        The work plan

·        The Action plan

The business plan: Determines who you are, the work plan determines what you do (the specific focus of your practice), and the work plan determines how you do it (the fulfillment process). The three critical plans are interconnected. The connection between them is established by asking the following questions:

1.   Who are we?

2.   What do we do?

3.   How do we do it?

Questions shape the vision of your business of which your practice is only one essential component. Your business and your practice are not the same thing. Your practice is only one part of your business. First ask: what do we do and how do we do it. Strategically? And then: what do we do and how do we do it…tactically?

For these article let us discuss about the business plan. ok?

Business plan will determine what you choose to do in your practice and the way you choose to do it. Without a business plan, your practice can do little more than survive. To read more about business plan visit uniqueceo. +BBC News +Channels Television +CNN International 

          Without a business plan you are just I’m not talking about the traditional business driving without a destination. The business that I am talking about is not the kind of plan that is taught in business school. This business plan is just like a story, a story that is so important that your business so much rely on it. Your Business plan must clearly describe:

·        The business you are creating

·        The purpose it will serve

·        The vision it will pursue

·        The process through which you will turn that vision into a reality.

·        The way money will be used to realize your vision.

Build your business plan with business language, not medical language. Make sure the plan focuses on matters of interest to your lenders and shareholder rather than just your medical self. It should detail both the market and the strategy through which you intend to become a leader in that market, not as a doctor but as a business enterprise. It should rely on demographics and psycho-graphic profile to tell you who buys and why. It should include projections of return on Investment and Return on Equity. +Nigeria Info FM +Lifebuilders Nigeria 

Money Solution Every Medical Practice Must Have

Money is on the tip of every Doctor’s tongue, the center of every Doctor’s thoughts, intruding on every part of a Doctor’s life. The question now is:

v Why do so few doctors handle money well?

v Why are so many doctors willing to entrust their financial affairs to a total stranger?

v Why is money scares for most Doctors?

v Why is there less money than expected?

v Why is money so elusive, so complicated, so compelling and yet so difficult to control?

v Why is it that every Doctor hates to deal with the subject of money?

v Why are Doctors always tardy in facing money problem?

v Why are they constantly obsessed with the need for more of it?

          Some of the answers are obvious. While some are not, but the basis of the answer to these myriads of questions truly lies in the way most doctors were brought up. Doctors spend most of their lives studying medicine, and then many roll into practicing it without a chance to study the economics of medicine.

Money oh! Money – you cannot live with it and you cannot live without it. But it is very important that you understand it and get your people to understand it as well. Until you do, money problems will eat your practice for breakfast, lunch and dinner.

Note of caution here: I am not referring to an accountant. So you don’t need an accountant or financial planner to do this for you.

Help your people to relate to money very personally, they should all understand the financial impact of what they do every day in relationship to the profit and loss of your practice. Teach your people to think like owners, not like nurses, file clerks or receptionist, teach them to operate like personal profit centers, with a sense of how their work fits in with the practice as a whole. Involve everyone in the practice with the topic of money- how it works, where it goes, how much is left, and how much everybody gets at the end of the day.

How to Manage Money In Medical Practice!

Money is the life blood of every practice but many medical practice get it wrong; it moves your business or can make your business stagnant. Money in business can take any form, the inability of most small business to identify and relate with these forms dictates some of the reasons why businesses fail.  As a unique CEO you must understand these forms and work on them.

1.      1. Income: This is the money you are paid for doing what you do. Owners who suffers from being your own boss syndrome, sees income as the primary and the most important form of money. As we proceed you will come to realize that these is the least form money can take.

2.      Profit: This is what is left after a business had done its job effectively and efficiently. You must realize that No Profit, No Business! There are two types of profit in business

a.       Deliberate Profit: This is critical part of your business, it occurs when you can predict and repeat the process of generating the profit you have made.

b.       Accidental Profit: opposite of deliberate profit, it is not replicable. You must realize that profits fuels your biz, it feeds it to grow, rewards people for exceptional work also rewards you as the owner.

3.      2. Flow: This is a detailed explanation of what money does in your business, it is more critical than profit, because it is possible for a business to produce profit and still be short of money. These are called profit on paper. Flow will show you where your money is and where it will be when needed. To understand this, you must get familiar with the principles that guide flow of money.

The Principle of Flow.

1^st Principle: Your income statement is static while your flow is dynamic. Income statement analyzes your business after facts but may be bad for managing in the heat. Income statement tells how much is coming in and how much you are spending, but flow tells you when you are spending and receiving money in your business. Managing flow takes attention to detail, it puts you in charge.

2^nd Principle: Money seldom move as you expect it to. You can change that if you know the primary source of money in your business.

1.      From inside your business: payables, taxes, payroll, cost involved in getting customers, service delivery, etc.

2.  

                     From Outside your business: receivables, investments, loans, etc.

What is expected from you is to: a) do it more effectively b.) do it efficiently c) stop it all together. This involves the way you buy supplies, manage your work, compensate people, collect payments etc.

Fourth Form is EQUITY: the financial value placed on your business by a prospective buyer. This further proves that your business is your most important product, build it right, and ensure that it can produce income, profit, flow, and equity better than other business. Learn to work ON your business than IN it