Calisher & Associates - Tips For Running a Family Business

Calisher & Associates is a family business with over 25 years of service in the medical field; the company has been providing development, consulting and management practice services to Kevin Calisher, President and COO of the company, offers the following tips for successfully running a family business.

Whether the family business is a small corner store, a mid-sized collaboration between multiple generations, or a multimillion dollar corporation, working together as a family presents great opportunities to share success with those you love the most.  These pieces of advice can go a long way in keeping the family business running smoothly.

Set Expectations

The role of each family member needs to be clearly defined when sharing business responsibilities.  No matter how large or small the business is, having each family member’s role in writing further cements expectations.

Keep the business formal

Even though you are working amongst family, stay cognizant that this is a business.  Each member of the team needs to carry their own weight in order to bring harmony and financial success to the venture. 

Family Time is Still Important

At the end of the day, don’t forget that this is your family.  Family time spent together can be just as important as time spent together doing business.  While it can be tempting to constantly talk business during gatherings, keep in mind that having fun together and enjoying hobbies can be just as important. These people are in your life to stay; make the most of it.

Kevin Calisher of Calisher & Associates has been involved with the family business for more than 17 years.  Calisher began as a project manager in 1998 and worked diligently throughout the years to expand the business, eventually taking over as President and COO in 2006.

Calisher & Associates - Tips for Advancing in Your Career

Calisher & Associates, Inc., like many other companies, is dedicated to nurturing its employees and providing them with all of the tools that they need in order to advance in their careers. However, this is not always enough and there are a number of things that people need to do for themselves in order to highlight their value to the company. By following these tips you will find that career advancement is a much more likely prospect.

Show Initiative
Never settle for simply doing enough when there is the potential for more to be done. Better yet, take the time to question business processes and look into developing new ideas. While you can’t guarantee that all of your suggestions will be taken on board, this does demonstrate that you are willing to work towards the betterment of the company and will often be noticed by senior management. Simply put, the more you bring to the table, and the more you work on your own accord, the better your chances of progressing.

Network
A lot of people are wary of networking, particularly if they don’t want to seem like they are trying to use connections to get ahead over talent. However, professional networking is very important. Not only does it provide you with the chance to meet new people and develop further opportunities, but it also shows that you care about gaining the trust of the management team. Be personable and get to know those you work with in addition to potential business partners. After that, simply ensure that your work is of a quality that speaks for itself.

Pursue the Right Goals
Your goals for career enhancement should stretch beyond simply wanting to earn more money. The people who are best at what they do often have a passion for it, so be sure to carefully consider where you want your career to go. This offers you an end goal to shoot towards, allowing you to better judge the steps you take in order to climb the career ladder.

Hard Work
While all of the above will factor into building a reputation within a company, Calisher & Associates, Inc., and companies like it, also place a lot of value in people who work hard and meet the goals that are set for them. Never let the quality of your work slip while following any of these other pointers. Ideally, you should be able to demonstrate the quality of your work at all times, while also showing that you are ready to progress and take on new responsibilities as well.

Calisher & Associates - Elements of a Good Feasibility Study

Before beginning work on the design and development of new outpatient facilities, the team at Calisher & Associates, Inc. always conducts a thorough feasibility study. This allows them to determine whether or not it is worth going ahead with the project, or if it would be best to consider moving the location or changing a number of other factors. A good feasibility study should contain the following elements.

Competitor Analysis

No new business of any kind should open its doors before determining whether or not they will be facing any competition. Established companies may prevent you from building a client base, which could lead to failure of the venture before it ever gets off the ground, so be aware of the competition you face.

Budgeting

You should already have an idea of the sort of budget you wish to stick to as part of the project, so consider the various costs that the project will generate at this stage. While this won’t be set in stone just yet, the study will allow you to determine if you can comfortably afford to carry out the project.

Your Approach

Before the development stage begins, there will likely be a number of ideas floating around in regards to how best to deliver the project. Be sure to consider each of these at the feasibility study stage, allowing you to determine which ones have potential for further exploration.

A Review

With all components put in place, Calisher & Associates, Inc. finds that it is best to conduct a full review of the feasibility study with all involved parties. This allows for the highlighting of any issues that were not spotted during the course of the initial study.