The TEC Report

Healthcare was always an industry that was supposed to be recession proof.   If someone’s foot hurt during a recession, they would still go in and have their foot looked at – pain is a strong motivator!    Today, however, the healthcare industry is terrible shape.   Surgeons are out of work.   Doctors, yes doctors, have been furloughed.   Our specialty as an M&A firm has been physical therapis...

Many businesses are struggling right now and not the usual types of businesses that struggle during recessions.    Hospitals, surgeons, primary care physicians, as well as any business that isn't considered "essential services" is really struggling to stay afloat. Yet, there are some businesses that are advertising like crazy - even thought they can't actually perform their ser...

Whether you are a small business owner or manager, medical practice owner, or a large enterprise, you all have something in common besides the obvious effects of the Corona Virus.   Cyber criminals are preying on everyone while our guard is down. Cyber criminals are preying on businesses right now while everyone is focused on staying afloat.   While you are getting funding to keep your businesses...

In today's environment, businesses are either booming or struggling.   No one appears to be doing "business as usual".   At the time of this podcast, over 26 million Americans have lost their jobs due to the Coronavirus and Canada is paying $2,000 per month for all Canadian citizens who have lost their jobs.  It's estimated that the unemployment rate in the US may reach or exce...

Our society has become more and more dependent upon social distancing and we've also been forced to accept visiting people via Zoom, Hangouts, Facetime, etc.   Schools have shut down and Colleges and Universities are completing their academic years via online instruction.   Doctors are using telemedicine and patients are actually becoming accustomed to seeing their own doctor while they AND t...

Cardiologists are laying off their staff.   Cardiologists???    Healthcare has always been one of those industries that has always been considered "safe" should a recession hit.   Not this time around.   This time, all industries have been affected. But not ALL industries have been NEGATIVELY affected.    This episode features one of those businesses that is thriving.    Our guest is Set...

Businesses have been turned upside down in the matter of days.   We've never seen anything like this before.   Strong businesses just a couple months ago, are now without their employees and hoping they can survive. This episode is all about the theme - "When Given Lemons - Make Lemonade". Many business owners and their employees are talking about the time it is going to take to get...

In this episode, Brad Stoller interviews John Mollica from My Franchise CPA's.   John is an expert on the CARES Act and has helped numerous clients nagivate the 800 page act. John explains what businesses qualify, how you can file and some tips to get through quickly.   He also has some warnings for businesses on what to do and NOT to do in regards to their employees.   These mistakes can be...