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On today’s episode, Brandon Seigel, expert, national speaker, and consultant to rehabilitation private practice owners, discusses the 3 biggest mistakes private practice owners typically make and how these affect the quality of the business as well as daily life for the owner.
Brandon touches on employment tax issues, handling complicated insurance situations and shares the 3 biggest mistakes that private practice owners make in their business.
He stresses the importance of brainstorming and creating a strategic implementation plan before opening your doors. What are your goals and reasons for starting a private practice? It’s all about expectations.
Brandon sees a trend of people dipping their toes into private practice – before too long, stress and not knowing the ins and outs of running a private practice catch up to you.
- Flip it from a volume production model to a quality model.
- Identify your loss leaders.
- Focus on your quality, relationships and bottom line.
- You can’t do what you do – if you can’t keep the lights on.
Brandon details how to create a plan and discusses cash flow, cash analysis, profitability.
Special thanks to Brandon Seigel for sharing with us!
Wellness Works Management Partners
The Private Practice Survival Guide
Music Credit: Scott Holmes Music Corporate-Business
Podcast Production: Porchlight Family Media