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The Studio Business Book: A Guide to Professional Recording Studio Business and Management, Third Edition by Jim Mandell, Mitch Gallagher

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Medical Plans

It’s a good bet that with the horrendous cost of medical care, your employees are more than likely going to march into your modest little office one day, shoot daggers from their eyes, and demand some benefits of their own.

If you’re in business for yourself, you’re going to need a health plan for yourself to start with. You’re crazy to be alive and not have one. Being in robust health simply won’t pay the $20,000 hospital bill when you slip in the shower right in the middle of a rousing chorus of “Losing My Religion” and break your gluteus in half.

Outside of paying your employees’ salaries on time, health insurance is probably the most important responsibility you’ll have as an employer. It’s true that individuals can buy their ...

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