Episode 274: How the Money Works in a 7 Figure Practice

💥 In this episode, you’ll discover:

👉 Put on your Investor hat whenever you’re hiring an associate and get your comp plans right
👉 Knowing your numbers enables you to make decisions boldly and with peace of mind
👉 Understand the economics, because accounting is the language of business
👉 The Return-On-Investment vs Return-Of-Investment, know the difference

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EPISODE HIGHLIGHTS

01:26 – The importance of the associate doctor relationship focusing on the compensation model to avoid common failures.
04:22 – The need for maturity and sophisticated growth for successful chiropractic practice scaling.
06:14 – Taking the long-term perspective when hiring, encompassing a three-year business view with ROI considerations.
07:07 – Viewing business decisions with an investor mindset for future returns.
10:07 – Importance of casting a vision for associates and ensuring they see growth potential.
14:43 – Challenges in scaling chiropractic practices and the need for a structured system
17:59 – The Seven-figure business framework based on revenue per employee (RPE) and patient visit metrics
22:55 – Utilizing Revenue Per Employee (RPE) as a wellness metric for practice evaluation
25:02 – The importance of assessing RPE regularly as a critical economic health indicator
28:10 – The significance of data-driven decision-making in business leadership to avoid emotion-based choices

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RESOURCES MENTIONED

#Chiropractic #Chiropractor #HealthCareBusiness #BusinessCoach #LifeCoach #Entrepreneur #HealthExpert #BusinessExpert #Leadership #LivingInAlignment #BusinessBuilding #Mindset

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I can't see the webinar in the notes. Is it posted on here?