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.
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EPISODE HIGHLIGHTS
02:32 - An introduction to 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.
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RESOURCES MENTIONED
👉 To download your copy of the REM Money Metrics, please click here: theremarkablepractice.com/bui...
👉 To schedule a Strategy Session with Dr Lona: go.oncehub.com/DrLonaBuildPod...
👉 To schedule a Strategy Session with Dr Bobby: go.oncehub.com/DrBobbyBuildPo...
👉 Learn more about the Build Your Remarkable Practice: theremarkablepractice.com/bui...
👉 Learn what it takes to be Remarkable!: theremarkablepractice.com/
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