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Transportation

What Growing Demand for Hospitals & Facilities Means for the Ambulance Business

Last updated on September 24, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

Balancing Optimism with Realism When Selling Your Ambulance Business

Last updated on September 18, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

4 Signs It Might Be Time To Sell Your Transportation Business

Last updated on September 12, 2012 by Sozo Staff Leave a Comment

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 […]

Filed Under: Business Tips, Transportation

Common Mistakes Ambulance Business Owners Make When Calculating Cash Flow

Last updated on September 5, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

Are Car DVD Players a Distraction to the Driver?

Last updated on August 30, 2012 by Sozo Staff Leave a Comment

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 […]

Filed Under: Transportation

Setting an Example: Thornton Chevrolet’s Charitable Contributions

Last updated on August 28, 2012 by Sozo Staff Leave a Comment

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 […]

Filed Under: Transportation

Pros & Cons of Buying a Home-Based Ambulance Business

Last updated on August 27, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

3 Tips for Protecting NEMT Business Value

Last updated on August 21, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

3 Biggest Medical Transportation Business Myths Today

Last updated on August 17, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

How to Get Medical Transportation Contracts

Last updated on August 14, 2012 by Sozo Staff

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 […]

Filed Under: Transportation

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