PDT #124 -- Balance Your Business

Falling Off Your Bike                                                         August 13, 2008

 

Private Duty Today

Jason Tweed, editor of Private Duty Today 

Welcome to Private Duty Today, the bi-weekly electronic newsletter for Private Duty Home Care Leaders from Leading Home Care ...a Tweed Jeffries company. In this issue, we bring you ideas, information, and insights to help you grow your Private Duty Home Care business.

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I'm Jason Tweed, Director of Business Development for Leading Home Care, and Editor of Private Duty Today

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It was a big week in the Tweed household.  My wife and I became stupid. 
 
You see, my six year old twins are learning to ride their bicycles.  We took them to the marina to practice where Ainsley fell and skinned her knee.  "This bike is stupid!"  She said with tears rolling down her cheeks.
 
My wife assured her that the bike wasn't "stupid", and it wasn't the bike's fault.
 
"Then you are 'stupider' for letting go of me!", she said to Kristen.
 
Kristen would have been angry had she been able to stop laughing.
 
Defending my wife's honor I told Ainsley not to call her mother "stupid".
 
Ainsley looked at me point blank.  "You told her to let go!  You're stupider than stupid!"
 
Now Kristen is sitting because she laughed so hard her knees buckled.
 
The good news is that after three more practice sessions in the driveway and at the marina the twins are both riding their bikes like old pros.  Furthermore, Kristen and I probably won't become "stupid" again until they are teenagers.

 

Falling Off Your Bike 

 

When you started your private duty business it was sort of like riding a bike.  You fell down a couple times and probably even skinned your knee.  But after a while it became easier.  You learned the basics.
 
Similar to bicycles, running your business is all about balance.
 
When you started your business you knew the basics -- find clients, hire caregivers, schedule services, invoice customers, pay caregivers, and pocket the profit.
 
Then your business became more complicated.  Caregiver shortages changed the way you recruit.  Finding clients seems more about marketing and less about shaking hands.  Schedulers now have to be database experts.  Billing and payroll have become critical to cash flow.  Profits (hopefully) are now scattered between capital reinvestment, company growth, owner salaries, and the Internal Revenue Service.
 
Unfortunately as your company grows sometimes you fall off the bike.
 
Here are some things you can do to help you get up, start pedaling, and reestablish balance.
 
Shake hands with customers -- In the days before marketing budgets and ad campaigns you made sales by shaking hands with referral sources and customers.  You increased your revenue by offering more services to your customer base.  Most of your marketing was word-of-mouth because of the relationship you've built.
 
I'm not suggesting you dump your marketing plan, simply make sure that you still take some time to reach out to the customers.  Their needs are constantly changing and evolving and your marketing plan will be better if you stay in touch with referral sources, clients, and prospects.
 
Work smarter, not harder -- Today, technology gives us the ability to work smarter, but unfortunately sometimes we end up working harder.  E-mail, cell phones, software and databases give us instant access to people and information.  Unfortunately this instant access sometimes creates more chaos. 
 
Get back to the basics with your technology.  Schedule time to answer e-mails.  Use your cell phone for outgoing calls and your office line for incoming calls.  Identify the best people in your organization to operate your database or scheduling software, and give them the task of providing you with information rather than wasting time searching.
 
Build relationships with your staff -- As a CEO or team leader your staff looks up to you.  The reason you have a staff is to remove some of the burden of your work load.  Unfortunately many CEOs focus so heavily on managing other people's work that they don't have time for their own.  Build relationships and identify talents.  Motivate your staff to use those talents to the best of their ability.
 
As a business owner you probably know every job in your company.  Because of this you may have a tendency to want to do a little bit of every job.  Focus on your responsibilities and let your team focus on theirs.  When recruiting new team members, try to find people that bring something to the table rather than being merely trainable.
 
Keep score -- When you started your business there was only one number that mattered.  Was the number at the bottom of your profit/loss statement red or black?  As your company grows there are more and more numbers that need your attention.  Make them simple to find.  Create reports that pull critical numbers together, ideally on a single sheet of paper.
 
Outsource -- Don't lose sight of the fact that your company is a service organization that provides care for seniors and people with disabilities.  Your job is to provide the best care possible.
 
Any element of your business that isn't directly related to provision of care should be streamlined or outsourced wherever possible.  Build relationships with experts that can provide other elements necessary to your business.  Consider outsourcing billing and payroll.  Develop relationships with IT companies.  Hire a decorator instead of remodeling the office yourself.  Ironically bringing in these outside professionals is almost always less expensive than doing it internally.
 
Keep your focus on your customers, your referral sources, your community and your caregivers and you'll be able to regain balance... like riding a bike.

 

 

Private Care Association Annual Conference

 

Register Today & Make Plans To Attend the Biggest and Most Valuable Conference Ever Created for Caregiver Registries!
 
The Private Care Association has prided itself over the last 30 years in being the only national association representing and providing for the needs of the private duty, in-home care referral industry.  This year is no exception and we have invested more than ever in making this year's conference a must-attend for everyone who is either operating or considering the caregiver registry model.
 
What is a Caregiver Registry?  A caregiver registry is a service provider that identifies, screens, and refers independent contractors for in-home and private duty care.  Depending on the requirements and regulations in different states, caregiver registries refer professionals for services ranging from companion sitters to 24-hour full nursing care.
 
Why Should I Attend this Conference?  There are too many reasons to count, but here are a few that you should take note of:
 

· Learn Top Professional Marketing Techniques for the Industry from Michael Giudicissi of Leading Home Care, One of the World's Foremost Experts on Private Duty Marketing.

 

· Participate in Registry Advocacy Training and Our Lobbying Day on Capitol Hill, as well as the PCA Legislative Appreciation Reception in the Rayburn House Office Building.

· Avenues and Methods for Top Notch Grassroots Involvement in your State's Legislative Process from Dean Heyl of the Direct Selling Association, One of the Most Effective Grassroots Organizations in the Nation.

· Strategies for Bolstering Independent Contractor Status of Caregivers from Russell Hollrah, Esq. of Hollrah Leyden, the Leading Law Firm in the Nation on Registry Issues.

 

· Tactics for Handling Difficult Situations with Clients and Caregivers.

 

· The Ins and Outs of Escrow Accounts in the Registry Business Model.

 

· The Scoop Regarding Which Technologies Can Really Help Build Your Business from Joe Krauss of Stratis, a Leading Provider of Software Systems for Client Management in the Healthcare Field.

· Networking Opportunities with Your Peers Who Have Generations of Experience.

· A Chance to Impact the Future of Your Association and Industry!

Where Am I Going to Stay & What Does All of this Cost?
  You are going to love this!  We are holding the conference at the elegant Madison Hotel in Washington, DC. 
 
Rooms can be obtained for the affordable price of $285 a night by calling 800/424-8577 and telling them you are attending the PCA Conference.
 
Now for the best news yet! 
 
PCA Members can register for the conference at the low rate of $297 each for the first two attendees and only $197 for each additional attendee from the same company.
 
PCA Soon-to-be-Members have two extraordinary options to attend this critical conference:
 
1) They can register the first attendee for $397, their second attendee for $297, and only $197 for additional attendees from the same company.  PLUS, if they join PCA before the end of the conference, they will get a $250 credit toward their membership dues!
 
2) They can take advantage of our pro-rated 2008 Membership Dues of $597 by joining now and get One Free Registration for the Annual Conference, and only $197 for additional attendees from the same company.
 
Take advantage of these excellent deals today by calling 850/222-6000 to register over the phone or by registering on-line by clicking here:
 
See you in Washington, DC on September 23-26th!!!
 
Get more information and download the conference brochure.

 

 

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