Author: Scott E. Fleming

SE Fleming CPA > Articles by: Scott E. Fleming

Everything Else

Reading Time: 3 minutesYou didn’t go into medicine to run a business. You went into it because you wanted to help people. You endured the education, the residency. the clinical hours, the debt, the years of building. Somewhere along the way, you realized that truly helping people would require owning the practice that lets you.

The Production Function Your Business Already Has

Reading Time: 3 minutesEvery business is a conversion process. Inputs enter. Outputs emerge. Between the two sits something that most operators never formally examine: the production function. It is the structural relationship that governs how labor, capital, and organizational knowledge translate into the goods and services the business produces. It exists whether or not you have named it.