How Detailed are Your Finances? – DSP 363

Most float centers run a tight schedule with narrow margins for the transitions between floats. Oftentimes relying on their customers to take reasonably timed showers to fit that schedule. If a single customer takes a shower that’s a bit too long, it can throw of the schedule for the rest of the day!

What if showers were in a separate room? Then customers could shower as long as they want! Ashkahn and Graham explain why this is an extremely bad idea. 

Float centers, more so than some other brick and mortar businesses, tend to be desperate for maximizing the efficiency of their space. And float rooms would have so much extra space if they didn’t have to deal with a door swinging in and out all the time. Why don’t float centers do it this way instead?

Well… Graham and Ashkahn explain exactly why centers don’t do this already, along with the vast majority of other buildings being made currently. It’s likely a code violation and even if it weren’t, it’d probably be unnecessarily hazardous to travel through your center that way. 

Let’s say you buy a center and want to use H2O2  instead of the chlorine that was being used by the previous owner. Or maybe you want to switch over to H2O2  after using chlorine for a while. Let’s further assume that this is in compliance with your health department and your UV system is sized adequately. What else do you need to know to make this happen? Do you need to change the water? 

Ashkahn and Graham lay out all the things to consider and why someone may or may not want to replace the solution in their tank at the same time as replacing the water treatment method in a float tank. 

It’s not an easy decision to sell a float center. But when you do come up to that point, what do you do? Who do you talk to and how does it work? Should you hire on a broker? What sort of timeline should you expect?

Having never sold a business, Graham and Ashkahn aren’t exactly experts on the subject, but they offer informed advice on where to sell and how long it’ll probably take. 

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) required the Secretary of the U.S. Department of Health and Human Services (HHS) to develop regulations protecting the privacy and security of certain health information. This means that most medical information recorded by healthcare providers has to be stored based on a certain standard of security.

This is only just now becoming an issue in the float industry as centers are starting to accept insurance and medical referrals. However, this is still extremely rare. If this is something that may affect you personally, definitely research additional resources to make sure you’re in compliance.