New Year – New Start!

Happy New Year!  Actually, belated Happy New Year! I love the new year for a couple of reasons… The first reason…on New Year’s Day I take the day off and do nothing!  I literally stayed in my pj’s all day and watched college football bowl games…and there were some great games. The second reason I…

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Simple Year End Business Review

This time of year brings one last push for most businesses…. It’s time to think about the past year…and take time for your annual business review…to get a head start for the new year I want to share with you a simple end-of-year business review, all you need to do is answer three questions Question #1…

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How to Establish Your KPI’s

It is quickly coming up on the end of another year.  You, as the business owner, should have already planned your new year budget, growth goals, and assigned the KPI’s to achieve those goals. What you say is a KPI?  In lay terms, a KPI is a Key Performance Indicator of your business.  In business…

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2017 Year End Planning

As we make the final turn for the 2017 year (there are only 46 days left as of today), now is the best time to look forward to 2018.  To ensure you have a strong 2018, it is crucial to forecast the year and set the strategies in to action now for success.  Follow these…

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Money Makes the World Go Round

“Money”, the first line the song “Money” is “money makes the world go round.”  How true is that statement? The sad fact is many practice owners don’t heed that message.  The key to money is specifically tracking and managing to make the money go round. Here are three simple measures to help understand where your…

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A Successful Practice Owner

Some of the physical therapy practices I work with are a mess.  The owner focuses on treating patients and the “fire” that needs to be put out today. The practice meanders along and the “fires” become more common and much larger.  When the owner is too busy working in the practice, many areas of the…

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Why you need more education

Think about this for a second…today’s physical therapist spent four years in college working toward an undergrad degree and then another 3 years working on their physical therapy degree.  At the end of all that education how good a physical therapist are they?  Yes, they can have a positive effect on their patients but they…

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Evolution of Tracking: Are you a Therapist or a Business Owner?

In the beginning, I was a physical therapist who owned a practice.  I was the aide, marketer, reception, and janitor…the only reason I tracked any numbers was to show growth from month to month.  My business was my salary and what I made from the business went to pay my bills and put food in…

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What are your net revenues?

Net revenue…to many business owners this is a phrase reserved for a corporate board room.  To the astute physical therapy practice owner this phrase helps define the key driver of their business: profit.  Today I will share four revenue numbers that every smart business owner tracks on their road to success. Net Revenue Per Month…

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What is a KPI?

In my business, I am a huge fan of using KPI’s with regards to how the practice, and specific employees, are operating.  When I talk about KPI’s I can tell, usually by the looks on people’s faces, that many don’t know (and understand) what a KPI is.  In fact, this became a trending link on…

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