The Power Of One (%)

Is it possible that a small change (1%) can make a dramatic improvement in your cash flow and more importantly in your profitability?  Making a small change (1%) in price increases, expense decreases, and productivity improvements can have a significant impact on your profit. Having available cash in your business is much like having oxygen…

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Key Number and Drivers

When you look at your business, there needs to be one key number that defines the success of the business.  When you look at this key number, there are then multiple drivers of that number.  In the physical therapy business, to grow and be successful, the key number is profit. For your practice to grow…

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Four Steps to Change Your Practice…For the Better

For you to succeed as a business, you need to constantly improve and grow. You should always start with looking at your environment to bring about positive change in your practice. Be sure that you are top to bottom compliant with your systems and processes.  You must make sure employees have the space and the…

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Cause & Effect

You are a physical therapist by training and now a business owner by desire.  Building and running your business is not just knowing your numbers. It is about knowing what those numbers mean and how you make those numbers happen!  When you budget and forecast you are setting objectives, and achieving these objectives are your…

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Four Resolutions That Should Last All Year

We are two weeks in to 2017, at this point in time more than one-third of those who “set” New Year’s resolutions have stopped them.  The new year is time for a refreshing new start for you and your business.  To help you succeed in 2017 and beyond I wanted to give you 4 easy-to-implement…

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Trimming Practice Expenses

Being a physical therapist practice owner isn’t easy. On a daily basis, you must deal with treating patients, ensuring referrals are consistent, taking care of employees, paying the rent and dealing with cash flow just to name a few things. When the “bottom line” gets tight the first thing we think about is cutting costs, but is…

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Four Ways To Prepare For The End Of The Year

As practice owners and entrepreneurs, making it to the end of the year means we made it again!  Now is not the time to rest on your laurels because you need to be preparing for the up-coming year. Here are 4 ways to make next year even better than this last one! Review the past…

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Why Isn’t Your Practice Growing Like You Thought?

Have you noticed over the past year or two your clinic has not grown? You look around the office and the clinicians are busy but you haven’t seen that increase you had expected.  You feel it by looking at the clinic schedule and you feel it by looking at your bank account. I can confidently tell you…

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Buried Treasure In Your Practice

Recently, I had an initial call with a client. Usually on the initial call we discuss the importance of measuring and we also discuss specific numbers we want to measure in the practice.  These numbers have come about after years of not tracking and not growing. Once I realized what I didn’t know, I reached out to…

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Metrics Almost Cost the Cubs the World Series Title

Metrics were an integral part of game 7 of the World Series and almost cost the Cubs their first World Championship in 108 years. Today’s baseball games are run by “Sabermetrics”, objective measures and analysis of baseball, especially metrics that measure in-game activity. Your clinics metrics are a measure of the health of your business, telling you…

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