While most sectors have put construction on hold in recent years, the health care industry is breaking ground on more projects than ever. More than two-thirds of hospitals had a construction project in the works in 2011 – up 35 percent from the previous year, according to Becker’s Hospital Review. Information firm Reed Construction Data […]
Transportation
Balancing Optimism with Realism When Selling Your Ambulance Business
With all the time and energy it takes to sell a company, business owners need to keep a positive attitude just to maintain their sanity. But there’s a fine line between being optimistic and being unrealistic. You may have certain expectations for a sale, but the results will ultimately depend on the value of your […]
4 Signs It Might Be Time To Sell Your Transportation Business
It makes sense that your reticence about selling your company is on par with sending your first child into the world on her own: You’ve invested a lifetime’s worth of blood, sweat, and tears into your transportation company. Never mind your life’s savings. You don’t want to wait until you have to sell, but at […]
Common Mistakes Ambulance Business Owners Make When Calculating Cash Flow
When you’re trying to sell your ambulance business, demonstrating cash flow is crucial. Whether your ideal buyer is hoping to quickly replace an income or make reinvestments that boost returns down the road, they need to be reassured that profitability is a possibility. By calculating cash flow with a buyer in mind, business owners can […]
Are Car DVD Players a Distraction to the Driver?
With the growing trend of adding DVD players and televisions to family vehicles, many families are opting to install the DVD players into their minivan or SUV. They can be added to the ceiling, dashboard, or back of chairs for all members of the vehicle to see. There are many benefits and drawbacks of adding […]
Setting an Example: Thornton Chevrolet’s Charitable Contributions
Thornton Chevrolet bases their service motto on strong family ideals, and because of this, respect and enthusiasm are part of each customer’s experience during their visits. Satisfying the needs of every customer, regardless of how large or small the interaction, is the core goal of every Thorn Chevrolet Employee. But Thornton doesn’t care only about […]
Pros & Cons of Buying a Home-Based Ambulance Business
One of the greatest appeals of the ambulance industry is its ease of entry. In many cases, all it takes to get started is a properly-equipped vehicle, a phone number to reach clients, and a good dose of business sense. Like every business, however, a home based ambulance business requires time, money, and effort. If […]
3 Tips for Protecting NEMT Business Value
Value has the power to influence nearly every aspect of business ownership. Whether you hope to secure financing for a business acquisition or receive a good price when putting your non emergency medical transportation business for sale, your success will hinge largely on the current market value of your company. A company’s value is based […]
3 Biggest Medical Transportation Business Myths Today
For those new to the medical transportation industry, the thought of operating an ambulance business can be downright daunting. Between constantly evolving technology and upcoming changes to healthcare – including the Supreme Court’s upholding of Obamacare –investors may wonder if the medical transportation business is worth the effort. However, many common buyer fears are based […]
How to Get Medical Transportation Contracts
Customer contracts are the lifeblood of a medical transportation business. An established client base means constant cash flow, insulation from competition, and greater business value. But securing those all-important documents can be a challenge in the competitive ambulance industry, particularly for new business owners. By acquiring ambulance business contracts along with an existing company, buyers […]
