Fresh perspective for financial success
According to a recent LinkedIn survey, 59% of people in the U.S. have experienced a career awakening in the last year and a half, with 34% of these respondents now actively pursuing a new side gig or passion project. If you’re part of this group of entrepreneurs, congratulations! Launching your passion project and turning it into a business is a huge and exciting step. Now…
According to a recent LinkedIn survey, 59% of people in the U.S. have experienced a career awakening in the last year and a half, with 34% of…
COVID-19 and its variants continue to impact our daily lives. With each passing day, the number of stories cataloging the spread of the virus increases—including in the workplace. Recently, news…
For avid chess players, or bingers of The Queen’s Gambit on Netflix, a gambit is a familiar concept: open the board by sacrificing a piece for the sake of a later…
When considering the affordability of a business loan, borrowers often focus heavily on interest rate. While your rate impacts your payments, another factor has a more immediate and significant impact—and it’s often…
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…
Nurses are more likely than ever to pursue entrepreneurial opportunities outside of their primary role.1 With a unique work schedule usually set around three 12-hour working days and four “off” days per week, nurses are especially equipped to pursue a side business. Aside from earning additional income, a side business can help nurses achieve other goals, both professionally and personally. Here’s how: Benefits of Establishing a…
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 side business. Because legal expertise is integral across all industries, your knowledge makes you a highly sought-after resource, and strongly positions you to pursue an entrepreneurial venture. Here’s what you need to know about taking advantage of…
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, there are also new opportunities for practice owners to make meaningful improvements that impact day-to-day operations as well as long-term profitability. Here are a few to consider: 1. Remodel or update…
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…
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: