Brett BlakeTrillions and Trillions can impact your bottom line
Posted by Brett Blake on October 8, 2008
I came across this interesting chart today while reading the October 13th edition of Business Week.
The “PLUNGE” shows net borrowing by households and non-financial business down from $2.25 TRILLION per quarter to less than $1 Trillion per quarter — with the bulk of the drop coming this year.
If your a doctor practicing elective medicine you had better be paying attention and adjusting your practice NOW. When you take more than a trillion in lending out of the market and add that to the $2 trillion lost this month in the stock market — and the unknown (but likely trillions) of losses in the real estate markets — there is just plain not as much discretionary money in the economy.
Doctors can help by learning how to become lenders — smart lenders will use ZACC (or something like it to check their patient’s credit). Becoming a lender effectively puts money back into the economy for your patients — it allows them to consider a procedure they are likely not able to finance through other sources.
SHAMELESS PLUG: Acceptx is offering consulting services to help doctors adapt their practice — if you are interested feel free to e-mail zacc@acceptx.com.
Hang on — and take action now!
Be Smart!
B2
November 2, 2008 at 7:19 pm
Mr. Blake, that seems to be an excellent way for doctors to help clients get financed in this tight market. I think the doctor that has the smoothest assistance program will do well… I would also invite acceptx.com to take a look at having a presence on cosmetic surgeon directory.