Across the industry, dentists are more entrepreneurial than nearly any other medical professional. In fact, about 77% of dentists own their own practice.1 However, that number has declined rapidly in the last decade, especially among younger dentists. But for those still searching for an entrepreneurial outlet, there has never been a better time to consider the opportunity of a side business. Here’s what
Across the industry, dentists are more entrepreneurial than nearly any other medical professional. In fact, about 77% of dentists own their own practice.1 However, that number has declined rapidly…
For many attorneys, a successful career in law often means following a path towards partnership or starting one’s own practice. However, your specialized skillset makes you uniquely qualified to take advantage of another route to success: a…
For medical practices across the country, the coronavirus crisis put an abrupt stop to “patient care as usual.” But among the significant challenges and uncertainty created,…
For many CPAs, a successful career in accounting follows a structured growth path toward either partnership or starting your own firm. However, as a CPA, your specialized skillset also makes you uniquely qualified to take advantage of another route to success: a side business. Because accounting is integral to business operations in every industry, your expertise makes you a highly sought-after resource, and strongly positions you to pursue an entrepreneurial
Your credit score is an indicator of your financial power. It’s used by lenders and creditors of all kinds to determine your creditworthiness, likelihood to repay debts, and overall money management skills. Having a strong score is especially advantageous during times of economic uncertainty, when you may need fast access to capital to cover unforeseen expenses or supplement cash flow if revenue generation is
When it comes to exploring their entrepreneurial aspirations, many physicians follow a structured path toward practice ownership, either through climbing the ranks as an associate or purchasing a practice outright. But for the 53% of physicians who aren’t pursuing their own practice,1 there has never been a more opportune time to take professional and financial control, with a side business. Here’s how: Benefits of Establishing a Side Business
When it comes to taking a business loan, many people focus primarily on their interest rate. In reality, the “term”, or amount of time you have to pay back your total financed amount, is what can really have a profound impact on the month-to-month affordability of your loan. Spreading your loan repayment out over a longer period has many immediate advantages as well as benefits that you’ll feel over time. Here are
Taking out a loan is a major financial decision. Finding the right partner–as well as the right loan–is critical for ensuring that you’re getting everything you need out of a financial solution. Especially when considering a loan for your business, there are several important questions that you should ask when vetting a potential lender. Read on to see
Taking out a loan in order to save for the future might seem counterintuitive. However, this strategy could be highly beneficial for you, whether you’re focused on strengthening your personal financial standing or ensuring the success of your business or career.
The Paycheck Protection Program (PPP) was designed to support small business owners through the economic shutdown caused by the coronavirus pandemic, specifically to help with payroll and related costs like healthcare and other benefits. If employers use all PPP funds within a certain timeframe, for approved purposes, the loan could potentially be forgiven in its entirety.
In our latest episode of the BHG Field Report, CMO Chris Panebianco speaks with Dr. Alex Stavrianoudakis, a physical therapist who from a young age aspired to become a practice owner, and partnered with BHG to achieve his professional goals. Today, Dr. Stavrianoudakis is the co-owner of BioSport Physical Therapy in Modesto, CA and shares his experience working with BHG to secure both a commercial loan
Nearly 75% of Americans currently carry some kind of debt, whether it be through credit cards, car loans, mortgages, etc. With saving and spending patterns varying greatly from generation to generation, it may be difficult to understand how debt affects your financial health, and if you’re carrying too much. Here are 4 signs to look for:
CMO Chris Panebianco sits down with Mike Willauer, Director of Client Services of Compass Financial Group, LLC, to hear firsthand how COVID-19 has had an impact on financial advisors. Willauer, who owns his own practice, shares his experience and how he was able to quickly adapt his business to ensure he could continue serving his