Tag Archives: management

Captive Insurance (2)

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Yesterday, I explained how captive insurance companies are supposed to work.  They serve as a means to minimize the risk, but don’t leave policyholders without any recourse- or, in the case of our firms, any potentially harmed folks without any chance to recover damages.  Today, I will explain how this process is being subverted- these captives are being formed to rip off the public.

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The year is half-over…What have you done so far?

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Stubborn. Determined. Disciplined. Persistent. All of these words say the same thing- even if some of them evoke negative connotations. And, the personality characteristics that underlie these words are critical to bring about change. (We also need to know when and if we need to stop being persistent- sometimes it is time to stop.)

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Is your next one a B?

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I’ve written about B corps before. These are conventional, for-profit entities- kind of. Kind of, because they are supposed to be ‘Benefit Corporations’. Instead of being totally capitalistic entities, they use their profits for the good of the community, their employees, and others, as well as their owners.

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Are you ready?

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Every business is different.  Yet, every business has many, many similar components.  Serving as the CEO for jewelry manufacturing venture is different from serving as the CEO for a dialysis clinic- and different still from being the managing director for a law firm.  Right now, I am considering whether I wish to help start- and then manage a new health care clinic- one with a business model that will be radically different than what is normally seen.

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