As all business owners worldwide, you launch your business intending to establish brand awareness, a competitive edge beyond rivals, a growing customer base, and business longevity. Thus you are always looking for ways to improve your business and choosing to grow greener might give you the competitive edge needed.
Cryptocurrencies, over the last 10 years, have gained widespread acceptance and a massive following. Once regarded as a mystery, it is commonplace to see people with crypto wallets and apps, saving and trading these digital currencies. Because of this the topic of mining cryptocurrencies is becoming more mainstream.
Our CEO, Marc Freedman, joined Business Coach Jon Dwoskin of THINK Business LIVE to discuss Expense To Profit, our why and how to reduce companies expenses across any industry.
Global healthcare spending will reach over $10 trillion by 2022. The US easily has the greatest healthcare spending at $10,224 per capita globally. It was just discovered that Americans spend more on the top prescription drugs than the rest of the world combined. In fact, the US tends to spend twice as much as other countries (one-fifth of the entire country's GDP). However, contrary to what the figures suggest, healthcare margins are likely to shrink over the next five years. Because of this medical and healthcare providers will look to reduce internal costs.
It is no longer wishful thinking or mere speculations; the future of modern banking is now cryptocurrencies. Within a short span of a decade, cryptocurrencies have penetrated the internet, with more and more people signing up to have digital wallets to trade and store these coins. And with cryptocurrencies come many questions surrounding crypto mining and the currencies in general.
One year and several months later, we are still discussing the ripple effects of the COVID pandemic on businesses and corporate organizations. The hospitality industry, which was one of the hardest hit, is still feeling the effects. According to a study conducted by The National Restaurant Association (NRA), about 17% of restaurants were forced to close long-term or permanently due to the pandemic. Which is why it is extremely important as a business owner that has survived this gauntlet so far to review your expenses and see how you can save your restaurant money.
Last year’s pandemic only helped to open our eyes to the relevance of healthcare, even as we continue to thrive in technological advancements. Over the past year more individuals have reassessed what is important to them and what they make be able to do without. And just as individuals have, businesses should do the same. Something that businesses within and around healthcare should be able to significantly reduce is their medical waste.
Expense To Profit has demonstrated compliance with federal HIPAA regulation by completing Compliancy Group's proprietary HIPAA compliance methodology.
Competition in the commercial and industrial landscape is rife. Overall 2020 was a very rough year for both tenants and landlords. Unfortunately many businesses closed, inherently meaning less rent paid. Commercial real estate in cities initially took a huge hit, but is on the rebound. As we attempt to push past COVID-19 there are things commercial real estate owners can do to increase the values of their properties.
No one likes to discuss the complexities of healthcare plans or how much they are spending on medical bills. But we just can not ignore the fact that healthcare spending is at an all-time high. As spending increases so should transparency.