A Critical Success Factor in Succeeding at your aging life or geriatric care management business in management- The number one critical success factor of business management is managing money. This is a business that succeed on your balance sheet.
You have to know financial modeling, revenue, expenses, cash flow scenario planning revenue, billing aggregation of billable activities for clients, editing and finalizing invoices and accounts receivable management. You have to have financial literacy.
What do you say to that- maybe – I am a nurse –I am a social worker – they did not teach me this in my RN and MSW program. You can do this by having a financial partner that manages all this key fiscal success or you can actually learn yourself by reading the new chapter in the 4th edition of Handbook of Geriatric Care Management by co author ,Jack Herndon who has an MBA from Stanford and is a managing partner in Sage Eldercare Solutions a thriving bay area geriatric care management agency