Accumulating Wealth

In today's episode, CWA Partner Tim Greaves recalls the '08 recession and answers the question: "are we safer today than we were many years ago?" While no two downturns are quite the same, the guys talk about lessons learned and hash out the best measures you can take to prepare for a potentially bumpy ride.

With the threat of a real recession looming, it's time to make some serious business decisions. The initiatives you put on hold during the pandemic may need to be brought back to life. In this episode, Judson and Hunter discuss the things you can do to help you put your best foot forward during tough economic times.

The guys are back to calm seasoned and new investors on the market volatility fears. While it is scary, embracing it could be an opportunity for profit, whether you are a retiree who is concerned on when to pull from investments or the newbie who may be allowing emotion to dictate their investment behavior.

This season starts on a high note—the 100th episode! Today they look at what elements of your personal and business plan you should get in order to breathe easier if adverse economic times hit sooner than expected. Additionally, they list out resources to have in place for the next 12-24 months.

The day of a practice owner doesn't end when the last patient walks out the door. How are you keeping up with the items on your business owner to-do list? Trying to manage it all often comes with one big headache, and likely even some things pushed to the back burner. Listen in as the guys advise on how to best allocate you and your team's time.

Clinical education and training does not always translate to preparation for owning a business. Especially when it comes to managing people. Hunter, Judson and guest Paul Edwards with CEDR Solutions is here to change that by sharing how owners can leverage an HR strategy to help build a team for the long-term.

At some point, you've likely battled PPO insurance reimbursement rates in your practice. While there's no one-size-fits-all answer, the decision to leverage insurance carriers or go fee-for-service only in your practice can impact your business for years ahead. The guys discuss the advantages and disadvantages on your options, from accepting insurances, dropping insurances and everything in between.

Keeping a handle on your financial statements is essential to your business' financial plan. This means more than simply reviewing them once a quarter, as inaccurately tracking profit, losses, expenses and more all pose risks to your practice. The guys get to the point on how to leverage these tools to measure the health of your practice.

Redefining your practice vision and goals each year may sound like one more thing to add to your to-do list, but this could be the key to staying ahead of the rising tide of competition. Whether you're seeking to double revenue, increase new patients or expand, setting a concept or vision of what you want your business and career to look like in the future makes all the difference in the ability to influence patients to value your services.

You've probably heard the saying 'the stock market isn't the economy,' but how is a volatile market not a sign of a weak economy? Chartered Financial Analyst (CFA) and Tectonic Advising Manager Brad Sanders is here to address common concerns investors have due to the market turmoil. He explains the weaknesses in pockets of the economy and shares ways investors can ease fears and look toward positive signs on the horizon.