Dr. Bobby  and Dr. Lona delve into financial management pitfalls commonly faced by chiropractors, emphasizing five major money mistakes. They discuss how a misguided mindset around money, lack of personal investment, and failure to leverage money as a growth accelerant can hinder practice success. Through practical examples, including Dr. Bobby's experiences with investing in patient acquisition and coaching, they illustrate the importance of viewing money as both a tool for growth and an endless opportunity for creating value. By avoiding these common money pitfalls, you can foster a thriving practice and achieve financial success.

Key Highlights

02:32 - An introduction into the topic of five money mistakes chiropractors make. 

04:45 -  How investing in self-capacity, coaching, seminars, and team growth accelerates dream building.

07:27 - Learning to use money as fuel for growth by outsourcing marketing tasks.

10:03 - The value of using money to fuel personal development and growth, rather than just saving or spending it.

14:07 - The impact of failing to recognize one's team as an asset and investing in their development.

16:09 - The value of finding the right people with unique skill sets to help grow the business.

19:54 - The importance of tracking basic practice metrics, such as goals, patient visits, and collections.

23:59 - Prioritizing profitability and affordability to keep the business thriving and avoiding undercharging for care.

28:16 - The practice of paying yourself first and reinvesting profits back into the business

Resources Mentioned

To download your copy of the REM Money Metrics, please click here: https://theremarkablepractice.com/buildpodcast-ep17-moneymetrics

To schedule a Strategy Session with Dr Lona: https://go.oncehub.com/DrLonaBuildPodcast

To schedule a Strategy Session with Dr Bobby: https://go.oncehub.com/DrBobbyBuildPodcast

Learn more about the Build Your Remarkable Practice: https://theremarkablepractice.com/build-your-remarkable-practice-podcast/

Learn what it takes to be Remarkable!: 

https://theremarkablepractice.com/