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South Shore Orthopedic Lab
Owned by Frank Shirley, my cousin




                        Tim Miller
                        MGMT 100-08
• Founded in 1986
    • Made into an S corporation
        in order to protect Frank
        from losing his personal
        assets
• Frank has been producing
  artificial limbs and braces for
  patients
• For the past 26 years he has been
  working out of Milton hospital
   Business got started when Frank decided to go into the
    business for himself.
   Instead of working for someone else and making a
    small amount of what he could make if he went into
    the business for himself.
   Using his own personal assets and no outside loans he
    setup his business.
   After deciding to go into business for himself he went
    back to school and went through an MBA and
    residency through Springfield College
   26 years after starting South Shore Orthopedic and
    working by himself he now has 5 employees and many
    happy customers.
   What have been the successes?
       The personal wealth that this has given to me as well
        as expansion of the company
   Most rewarding about running business?
       Being able to make my own personal decision
        instead of having to default to someone else
   Challenges?
       FINANCING!!!! Financing is the biggest challenge
        facing me
   Fatal Flaws?
       Not being able to stop working in order to stay on
        top of the competition and also the orders
   Biggest Competitor?
       Hangar Corp. it is a larger company
   Competitive edge?
       Hard work, always available, always keep promises
   Best way that you market your business?
       Referrals, word of mouth. Working in the hospital
        allows for Doctors and Physical Therapists to just
        send their patients to me.
   What do you look for in an employee?
       Someone who is self motivated, easily trained and
        personable
   What is the future hold for you and your
    business?
       Due to being 63 years old and close to
        retirement, I hope to be able to sell the company
        or scale it back to a smaller size. I wants to be
        able to retire instead of having to work.
   Why would you choose
    to work in the Hospital?
       Working in the hospital is
        the best location possible
        for someone in this line of
        work. Being there allows
        the patients to go straight
        from the Doctors office
        down to Frank to set an
        appointment or to be set
        for an artificial limb.
   Each year since the
     earthquake in Haiti
     Frank has donated
     his time in order to
     help the people their
     who lost limbs and
     need artificial limbs.

www.patriotledger.com/news/x78586386
4/Norwell-man-helps-amputees-in-
Haiti?img=1                            Photo from Patriot
                                       Ledger
   Advice?
       Be aware, be ready to work. Be ready for the stresses
        and work hard.

    What did I learn?
    I learned that in order to run my own personal business
    I have to be well aware of the severe risks that I may be
    imposing on not just my life at work but also on my life
    at home. Having to work long hours in order to keep
    my business afloat would not be something I would
    want to do but it must be done in order to stay on top.

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Small business project

  • 1. South Shore Orthopedic Lab Owned by Frank Shirley, my cousin Tim Miller MGMT 100-08
  • 2. • Founded in 1986 • Made into an S corporation in order to protect Frank from losing his personal assets • Frank has been producing artificial limbs and braces for patients • For the past 26 years he has been working out of Milton hospital
  • 3. Business got started when Frank decided to go into the business for himself.  Instead of working for someone else and making a small amount of what he could make if he went into the business for himself.  Using his own personal assets and no outside loans he setup his business.  After deciding to go into business for himself he went back to school and went through an MBA and residency through Springfield College  26 years after starting South Shore Orthopedic and working by himself he now has 5 employees and many happy customers.
  • 4. What have been the successes?  The personal wealth that this has given to me as well as expansion of the company  Most rewarding about running business?  Being able to make my own personal decision instead of having to default to someone else
  • 5. Challenges?  FINANCING!!!! Financing is the biggest challenge facing me  Fatal Flaws?  Not being able to stop working in order to stay on top of the competition and also the orders
  • 6. Biggest Competitor?  Hangar Corp. it is a larger company  Competitive edge?  Hard work, always available, always keep promises
  • 7. Best way that you market your business?  Referrals, word of mouth. Working in the hospital allows for Doctors and Physical Therapists to just send their patients to me.  What do you look for in an employee?  Someone who is self motivated, easily trained and personable
  • 8. What is the future hold for you and your business?  Due to being 63 years old and close to retirement, I hope to be able to sell the company or scale it back to a smaller size. I wants to be able to retire instead of having to work.
  • 9. Why would you choose to work in the Hospital?  Working in the hospital is the best location possible for someone in this line of work. Being there allows the patients to go straight from the Doctors office down to Frank to set an appointment or to be set for an artificial limb.
  • 10. Each year since the earthquake in Haiti Frank has donated his time in order to help the people their who lost limbs and need artificial limbs. www.patriotledger.com/news/x78586386 4/Norwell-man-helps-amputees-in- Haiti?img=1 Photo from Patriot Ledger
  • 11. Advice?  Be aware, be ready to work. Be ready for the stresses and work hard. What did I learn? I learned that in order to run my own personal business I have to be well aware of the severe risks that I may be imposing on not just my life at work but also on my life at home. Having to work long hours in order to keep my business afloat would not be something I would want to do but it must be done in order to stay on top.