Location, Location, Location

Last week’s post gave a rambling answer to a Reader’s Question from Worried Mom asking about survival of private practice.  The Answer went down the old bricks-and-mortar path, consolidated into a set of reflections that I (jokingly) referred to as my  Unified Location Theory– 17 years in the making and no better now than it was…

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Stayin’ Alive: Drink More Champagne, Avoid Icebergs, Check the Crystal Ball

Q:  What were the last words of the Nobel Laureate economist, John Maynard Keynes? A:  “I should have drunk more Champagne.” Right! The next best thing to Champagne is writing these posts and getting readers’ comments.  Here’s a great one from a 1st generation private practice owner and worried mother. Q: Do you think private…

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Econ 101: If Hearing Aids Were Hula Hoops

This occasional series has taken intrepid readers through economic concepts such as Utility, Decreasing Marginal Benefit and Willingness to Pay — all assumptions underlying the downward-sloping Price/Quantity Demanded curve that we call a Demand Curve.  As those posts illustrated with Jack and Jill’s different Utilities,  analyzing the logic of consumer choices given their limited resources…

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Coffee — Audiologists Drink to Health, Wealth and Art

As mentioned in last week’s post on National Coffee Week in the UK, a principal joy of blogging is that one can write about one’s interests, in this case coffee. Another joy of blogging is the opportunity to wander off on a mental vacation of sorts and write about fun stuff instead of Economics.  Hence,…

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Back to the Future, Part V: The Sheer Volume of It

Editor’s note:  This series follows predictions by Lars Kolind[1] in the 1990s.   Post #1 considered Audiologists as retailers; Post #2 , Post #3 and Post #6 looked at effects of new forms of competition on retailing and independent practices; Post #4 and Post #5 looked at Big Manufacturers’ innovations and retail distribution of product.  Lars Kolind’s Prediction #V:  It will be increasingly difficult to base a hearing healthcare…

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