076 If you want more profit in your clinic, you need to change this.

Treat Your Business

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Hello, my lovely listeners! Welcome back to another episode of Treat Your Business. This month, we're diving deep into the heart of your clinic's financial health. Whether you're cruising along smoothly or feeling a bit strapped for cash, this is the month to roll up your sleeves and join me as we tackle all things money-related. So, if you're listening while on the road, give me a honk or a hearty "hell yes" if you're ready to explore the financial landscape of your business!Summary:

In this episode, we're getting real about money. Whether it's flowing in or causing a few headaches, your clinic's profitability is at the forefront. I'm here to guide you through shifting your mindset around profit and understanding its crucial role in your business's success.

First things first, let's debunk the myth that profit is a dirty word or something reserved for big corporations. Profit isn't just about making money; it's about creating impact, achieving your goals, and sustaining a thriving business that serves both you and your community.

We're shaking off the therapist guilt and diving into the Profit First model, where income minus profit equals expenses. It's a game-changer, giving you clarity on where your money is going and how to prioritize profitability in every transaction.

By embracing profit as a positive force in your business, you'll gain the freedom, flexibility, and fulfillment you deserve. So, let's kick off this month-long journey to financial empowerment and start reaping the rewards of a profitable clinic!

Key Takeaways:

1. Mindset Shift: Embrace profit as a positive force for achieving your goals and making a lasting impact.
2. Profit First Model: Prioritise profitability by allocating income to profit first, then covering expenses.
3. Therapist Guilt: Overcome undercharging behaviours and set boundaries to ensure fair compensation for your valuable services.
4. Service Pricing: Recognise the value of your expertise and price services accordingly to ensure profitability with every appointment.
5. Financial Management: Gain clarity on your clinic's financial health by tracking expenses, setting budgets, and prioritising profit generation.

Get ready to transform your clinic's financial health and unlock the true potential of your business. Join me next week as we delve into Profit First principles and discover practical strategies for maximising profitability in your clinic. Don't miss out on our upcoming masterclass in May—register now to reclaim your time, boost your profits, and take your clinic to new heights!

Resources:

• Join this months FREE masterclass https://join.thrive-businesscoaching.com/masterclass-registration
• Score App: https://bizhealthcheck.scoreapp.com/
• Join our FREE group for clinic owners https://www.facebook.com/groups/thrivebusinesscoaching
• Book a Discovery Call to find out how our programs can help you grow your business https://call.thrive-businesscoaching.com/discovery-call
• If you've found value in this podcast, I'd greatly appreciate it if you could take a moment to leave a review. Your feedback helps others discover the show and join our community. Thank you for your support!: https://ratethispodcast.com/tyb

This podcast is sponsored by HMDG

Chapters

1. Introduction (00:00:00)

2. Money as an Amplifier (00:02:44)

3. Profit is Not an Event (00:04:45)

4. Therapist's Struggles with Money (00:06:16)

5. The Profit First Model (00:08:00)

6. Money Problems in Business (00:09:43)

7. Shifting Mindset Around Profit (00:11:13)

8. Invitation to Masterclass (00:14:45)