In the latest episode of "The More Practice Profits Podcast," Lorcan O Donaile delves into a topic that seems counterintuitive yet incredibly effective: "Boost Your Profits by Cutting Your Clinical Hours."
The traditional model of clinical work would have you believe that more hours in the clinic directly correlate with higher profits. However this podcast challenges this notion, advocating instead for a more strategic approach to clinic management. By choosing to work on your business, rather than solely in it, you can generate more value and create a sustainable, profitable clinic.
The rationale is : dedicating time to business strategy allows you to see the larger landscape. You can then identify inefficiencies, discover new revenue streams, and implement effective systems that can thrive even in your absence. Therefore, by working on your business, you are investing in its longevity, profitability, and ultimately, your own well-being.