Ideas for making payroll

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psychma

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About 4 weeks ago, I was in a bad motor vehicle accident. I got a large spiral fracture of the tibeal plateau and had to have surgery 4 days later. After a few days, I was transferred to rehab where I have been for 3 weeks. I’m recovering, but not working. Today, I was supposed to be discharged and ended up falling out of my wheelchair somehow and getting pinned under it. The whole emergency team came in, I was sent for X-rays, and then the Dr told me I need to stay another week. I have to get back to work or I can’t meet payroll. Any ideas?
 
This sounds scary. Hope your recovery goes well. I know I would struggle to make payroll if I was out for a period of time. That being said, my goal is to have about six months of operating costs in reserve. Right now, we just expanded a bit so have only about three months so this is a reminder for me to tighten things up a bit.
 
No Gofundme. I’ll figure this out myself. Just a whole lot of frustration. The driver and all four passengers were drunk. The driver was underinsured and now they want to sue ME for not noticing they ran a red light. My attorney said that my insurance will likely settle. This infuriates me. Absolutely. But I am finally home from the hospital today after 3 weeks, so I celebrate that.
 
psychma said:
No Gofundme. I’ll figure this out myself. Just a whole lot of frustration. The driver and all four passengers were drunk. The driver was underinsured and now they want to sue ME for not noticing they ran a red light. My attorney said that my insurance will likely settle. This infuriates me. Absolutely. But I am finally home from the hospital today after 3 weeks, so I celebrate that.
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Better get a good settlement, people who get rear-ended at 3 MPH and malinger very unconvincingly still get decent settlements, you should hopefully get something good here.
 
psychma said:
No Gofundme. I’ll figure this out myself. Just a whole lot of frustration. The driver and all four passengers were drunk. The driver was underinsured and now they want to sue ME for not noticing they ran a red light. My attorney said that my insurance will likely settle. This infuriates me. Absolutely. But I am finally home from the hospital today after 3 weeks, so I celebrate that.
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Happened to my dad years ago. Ended up in our county court. Judge took one look at my dad in a suit and the other driver in a t-shirt and dismissed the case.
 
I’ve settled in at home with my wheelchair and nice things like my commode. Many of my clients from October are not coming back for testing. I have almost no income coming in in Nov and Dec and don’t know how I’ll pay my bills let alone my psychometrist. A settlement is long off. I don’t know what to do.
 
psychma said:
I’ve settled in at home with my wheelchair and nice things like my commode. Many of my clients from October are not coming back for testing. I have almost no income coming in in Nov and Dec and don’t know how I’ll pay my bills let alone my psychometrist. A settlement is long off. I don’t know what to do.
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I'm wondering if you can take a loan. Talk to your lawyers. Suing your own insurance is common practice, too. But, the loan could set you up for documenting missing work and increasing the settlement amount.
 
clausewitz2 said:
OP, didn't you say in the past that you were married to a physician and so you weren't terribly worried about maximizing your income?
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I am married to a physician. That being said, my business and career are my responsibility to manage. I care very much about my business. My husband will not financially support it.

I’m not interested in sitting back and being the doctor’s wife. I want my own career.
 
I let my psychometrist and friend of 10 years go today. I feel terrible. She was understandably upset. Four drunk girls and a red light on a Saturday night has rocked my world physically, financially, and emotionally.
 
psychma said:
I am married to a physician. That being said, my business and career are my responsibility to manage. I care very much about my business. My husband will not financially support it.

I’m not interested in sitting back and being the doctor’s wife. I want my own career.
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That’s prideful as all hell. You have some advantages. Go forth and use them to help others. You’re not a doctors wife. You’re relying on family to get through a hard spot. Go rehire your psychometrist and get back in the game.
 
borne_before said:
That’s prideful as all hell. You have some advantages. Go forth and use them to help others. You’re not a doctors wife. You’re relying on family to get through a hard spot. Go rehire your psychometrist and get back in the game.
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You’re assuming my husband would help support my business there.
 
psychma said:
You’re assuming my husband would help support my business there.
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That bums me out for you. In kid therapy we talk about "alligator arms" vs. "orangutan arms." Gators have pretty short a stubby arms that don't reach out very far - not even for help. Orangutan, on the other end, have these super long arms that make reaching really easily.

Regarding your husband, sometimes you just gotta be like "Dude, wtf. I'm gonna use this money - get over it." And I say this as one stingy bastard. Is he a man child or something? Tell him some anonymous poster online is judging the hell outta him for not providing right now 😉.

Btw - as someone who works with MDs, that might be the most physician thing ever lol.
 
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psychma said:
I let my psychometrist and friend of 10 years go today. I feel terrible. She was understandably upset. Four drunk girls and a red light on a Saturday night has rocked my world physically, financially, and emotionally.
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psychma said:
You’re assuming my husband would help support my business there.
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Honestly, as tough as it is, I think you are making the correct call here. If a business cannot support itself, sometimes it is better to not throw good money after bad and rebuild when you are ready. I would definitely pursue litigation of the other driver. More cash on hand the next time around.
 
Therapist4Chnge said:
Was it a business failure or an unfortunate series of events bc of the negligence of OTHERS? As for your husband, he sounds like a jackass.
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Is there a difference? Businesses close for all kinds of reasons and luck (good or bad) is as much of a factor as anything else. Regardless of fault, floating an employee's salary which no incoming source of income for the business for possibly weeks to months is a gamble. If there is interest accruing on a loan, even worse.
 
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I didn’t have enough savings when the accident happened, I could not work for 5 weeks. I’m at the end of my 5 weeks. This meant no free consultations which bring in the business. To top it off, many of the clients I had were not willing to wait for me. They dropped off the schedule. I had just purchased a lot of testing supplies and my husband covered them but he won’t cover an employee. So far, I have a handful of free consultations and intake sessions. If these turn into clients, they won’t cover my running costs. If I get more, great! The business has done well for 4 years. The accident effectively took away my business and I’m starting over. I start tomorrow and I’m nervous. I’m very tired, I’m still having a lot of pain, and can’t sit in my wheelchair for more than two hours due to pain. This is a no joke injury. I also have a small femur fracture on top of the TPF. The doctor who discharged me cleared me to go back to work tomorrow and honestly if I have any chance of getting going again I have to. I may get a settlement eventually, but I won’t get it now. I have an attorney. I just can’t count on anything now.
 
I have been up all night because I can’t swallow. Certainly a sign of anxiety. I am laying hear county my costs and the increase me left. The business isn’t viable. I don’t know what I’ll do now.
 
If you can’t work and generate revenue, then having an employee doesn’t make sense so it probably makes sense to lay him off. I just recently bought a bunch of testing supplies and hired a couple new people and rented more office space so am a bit stretched right now and it would be really tough if I was out for a couple of months. If I did, I would probably have to scale a number of things down and the. Come up with a modified business plan. Actually, I probably need to work with my business plan a bit anyway because I have been getting overwhelmed myself lately and I haven’t even had a major injury.
 
psychma said:
I have been up all night because I can’t swallow. Certainly a sign of anxiety. I am laying hear county my costs and the increase me left. The business isn’t viable. I don’t know what I’ll do now.
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This may be bad advice. However, if this was me, I would focus on getting healthy. What is done here can't be undone by you working hurt and likely will just prolong the recovery. Take the time and come back when you can function properly.
 
psychma said:
I’m not interested in sitting back and being the doctor’s wife. I want my own career.
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I truly empathize with you. I can’t imagine the stress you’re under. My two cents: change your mental framework around support from your spouse. This is not about sitting back and being a doctors wife, this is about taking advantage of your 2-income household to reduce the severe psychological distress you are currently experiencing. If money can solve the problem, then use money to solve the problem, it’s better than driving yourself crazy. I’m sure your husband would not mind floating you some cash when the alternative is losing the business you work so hard to build. Unless you already asked him and he refused? If he doesn’t have the funds to spare, that is completely understandable (if he is early career, that is likely the case). If he does, I would consider that option. Even if you consider his financial assistance a loan to your business that will be repaid. You were just in a serious car accident for Christ’s sake, that’s a lot to deal with needless to say. And now your business is also hanging on the line? Please reconsider accepting his assistance if he’s able to assist. Your moral standpoint right now is hurting more than helping. I say this last part somewhat in jest, but that defeats the purpose of marrying a physician.
 
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psychma said:
I have been up all night because I can’t swallow. Certainly a sign of anxiety. I am laying hear county my costs and the increase me left. The business isn’t viable. I don’t know what I’ll do now.
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Oh my goodness, i’m so sorry. This sounds terrible. I’m late to this thread and I haven’t read all the messages yet, but maybe consider a long term business loan if your husband is not in a position to help financially? I’m not sure of the nature of your injuries, but if it’s something that you will recover from in time, then yeah you’ll have to pay the loan back in interest but may be a better alternative than losing your business completely? Especially if a settlement is coming in the future, which will assist you in repaying the loan.
 
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