Practice Management

Since the beginning of the year, I am getting more and more calls from colleagues concerned about their financial stability, the erosion of their retirement funds and with the decline in client visits, the ability of their practice to weather this recession.

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Imagine yourself on a long trip. For the most part, traffic has been rolling along at 70 miles an hour on a highway with a 65-mile speed limit. You are a quarter mile behind the car ahead of you as you enter an area with a reduced speed 50 miles per hour sign, and you see a state highway patrol car just ahead with its radar pointed directly at you.

The firing line

Here are some reasons that either solely or in combination may make firing a client desirable.