In this episode of The Profitable Practice Podcast, I share the 6 business metrics I have all my associates and clients track to measure their business growth and success.
LET’S BREAK DOWN THE MOST IMPORTANT NUMBERS FOR TRACKING YOUR BUSINESS GROWTH!
As a business owner, it is imperative you get feedback on how your business is growing… this let’s you know what’s working so you can decide what to do more of, and what to cut.
Businesses don’t grow like plants do… It’s not like you are a gardener who can eyeball a plant and see if it’s growing or not.
It’s something you have to track with the nitty gritty data.
“What gets measured, gets managed.”
Peter Drucker, Best Selling Author To add to what Peter Drucker said, it follows that if you’re in the dark about key metrics, you aren’t going to see results.
When you tune into this episode, you’ll learn the 6 KPI’s I recommend that health and wellness pros working as an associate at their clinic’s track.
“Knowing your numbers provides such a tremendous amount of freedom in your business because data doesn’t lie… and when you use it to make strong business decisions it reduces a lot of stress and overwhelm.”
In This Episode:
- [3:53] You ARE a business owner – even if you are “just renting space” in someone else’s clinic. It’s time to act like the CEO-practitioner you are.
[6:00] Addressing the resistance and discomfort about knowing your numbers[7:27] The 4 most important metrics you need to be tracking as an associate clinician[10:12] Using your data to re-negotiate a better rental contract with your clinic[12:46] The 2 marketing metrics your must watch – cost and earnings per lead[13:56] Using your metrics as your goals for the year[16:52] Using your metrics to avoid becoming reactive in your businessAfter You’ve Listened To The Episode, I Would Love To Hear From You…
Do you track the metrics for your clinic? Do you have a different metric that should be added to the list? Or maybe you have a question for me about these metrics… Leave a comment below and let me know you’re here.
If you are a new grad or struggling practitioner and have a question on growing your practice, share as much detail as you can, I read every post and am happy to provide thoughts and feedback on how to grow your practice and help you break through the overwhelm and frustration.
Thank you so much for listening in today. Your commitment to learning and improving your business game matters – not just to your bottom line, but to the patients who are hoping to find someone just like you who can help them too.
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P.S. Looking for the details on that free 30 Min Practice Strategy session mentioned in the episode? Here is the link to my calendar – just sign yourself up!
Episode Resources:
- MAXIMize Your Clinic with Dr. Andrea Maxim – The Blueprint For Health & Wellness Pros To Start and Grow Your Practice.
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