Shut the Doors or Start Working "On" the Business - Returning Patients & The Business to Life - Dr. Andrew Vertson
Partipants: Guest - Andrew Vertson; Host - Alex Vorobieff; Co-Host - Paul Roberts
Intecore Physical Therapy's purpose is to "Return Patients To Life" and Dr. Andrew Vertson is leading the growth of this west coast chain of 20 patient clinics. In 2011, Dr. Andrew was facing a tough decision. Insurance companies were slashing insurance reimbursements. He asked himself whether to grow the business or shut the doors and walk away and try something else.
He decided to grow it.
What tools, decisions and outside help made the transition successful?
Topics covered in this episode include:
The role core values played
Using outside consultants
"Scaling Up" by Verne Harnish
"Start at the End" by Dave Lavinsky
"The Inside Advantage" by Robert H. Bloom
Healthcare industry, insurance reimbursements, Medicare.
Hiring people to step into your place
The trade-off of doing things yourself or paying to have someone else do it
"Conflict is not a bad thing."
Bi-directional communication with the team.
The difference between confidence and cockiness for entreprenuers.
Confronting Reality - Toxic Employee
Hiring slow, firing fast
Difficulty of recruiting quality candidates. Competing on quality of position versus money
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