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SILKIN MANAGEMENT GROUP: What’s Happening With the Deficit Reduction “Super Committee”

by Silkin Management Group on November 1, 2011

As readers of our various Silkin Management Group blogs know, we’ve been following and writing about the different deficit reduction proposals that Congress is fighting over in the attempt to reduce the deficit and save the countries finances from going bankrupt. As usual, the Democrats refuse to accept the basics of the Republican’s proposals and visa versa. This is why the latest national surveys show the lowest level of trust in government in the history of polling.

We are following this issue as the economic situation in this country is and will continue to adversely affect all Silkin Management Group clients and readers of our blog sites, whether Silkin Management Group clients or not.

As many of you know, some months ago a 12 member “super committee” was formed to reach conclusions about how to fix this fiscal debacle. The stipulation was that if the committee was unable to reach a deal by next month’s deadline, $1.2 trillion in automatic spending cuts would go in place throughout Federal Government agencies in 2013.

A recent revelation just came out regarding the “super committee”. As expected, it has been fairly stalemated along party lines. So 3 Democrats and 3 Republican members of the full committee struck out on their own to solve the situation. They are attempting to come up with a smaller deal that both sides can agree on given the existing gulf between each side regarding taxes and spending. Two of these Republicans are willing to look at revenue increases, which had been a big stumbling block on the right side of the aisle. Tax reform could be a big part of the means of increasing revenue rather than just overtly raising taxes.

If an agreement isn’t reached in time and automatic triggers go into place, there is a good possibility that the U.S. bond rating could be reduced again, raising the cost of borrowing by the government and adding billions more dollars to the deficit. So this is a very serious activity that we hope both sides can work out through compromise for the good of the country.

Bill Hickey
Silkin Management Group Consultant

For more information about how Silkin Management Group can help you run your businesses finances in the exact opposite way that the U.S. Government runs theirs, contact us at 800-695-0257. Or go to our website: silkinmanagementgroup.com

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Silkin Management Group: The Practice Owner’s Responsibilty For A Mission Statement

by Silkin Management Group on July 22, 2011

Part 2

In yesterday’s Silkin Management Group blog, we discussed the importance of a “mission statement” for a health care office. You can link to that Silkin Management Group blog site here: http://silkinmanagementgroup.net . In that article we explained why a mission statement is so important to the overall operation of an office.

When working out the mission statement, the practice owner should determine why she/he is engaged in the activity to begin with. Once the purpose and goal is identified, the owner can form a team that is in agreement with the stated goal and purpose. It is the understanding and agreement that comes from this that will allow the staff to evolve into a coordinated group, working together toward the long-term objectives of the practice owner.

The following is a sample mission statement. You can use it as a model for developing one that suits your practice. Once it has been developed, distribute it amongst the staff and review it as a group at your staff meeting. A copy should also be placed in the job description of each staff member. A copy of this sample is included in Silkin Management Group’s 400 page Office Policy and Job Description Manual which every client new to Silkin Management Group receives.

SAMPLE MISSION STATEMENT

Our goal and policy is to treat our patients as we would treat our families. We will offer high quality, friendly service in a gentle, caring atmosphere. Our patients are the heart of our practice and the reason we are here. At all times our patients will be treated with respect, dignity and compassion. Being of service to our patients is the definition of our purpose and the mission of our practice.

One could then list out the key things the office will provide to accomplish the mission (such as a highly trained professional staff), as well as the results the office will achieve by delivering on the mission statement (i.e. highly satisfied patients).

If you would like more information about Silkin Management Group’s Office Policy and Job Description Manual, or about any of Silkin Management Group’s services, visit our website at www.silkinmanagementgroup.com or give us a call at 800-695-0257.

Jack Hennessy
Silkin Management Group Consultant

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SILKIN MANAGEMENT GROUP: HEALTH CARE TAX CREDITS

July 7, 2011

Are They Helping You? Silkin Management Group clients are small businesses and, as such, they all theoretically may be eligible for the “Obama-Care” tax credits. Over the last year we’ve presented many articles on our various Silkin Management Group blog sites concerning the different ramifications of the health care legislation on small businesses. One of [...]

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