My 2nd Practice Location Failed…and Made Me A Millionaire
Manage episode 381600671 series 3518207
There was a time when I decided to open a second practice out of a gym.
And it was fine, I mean nothing bad happened. But nothing good happened either, because all it did was distract me.
I kept working the same amount of days but my interest, focus, and energy became scattered.
I didn’t see a bump in revenue either, just an increase in headaches.
Because it turns out I didn’t need a second office to make more money. I needed to optimize and refine the practice I was already running.
I needed to enhance its marketing, sales, and treatment to the best they could be.
So one practice could maximize its potential.
Now that same practice does close to 7-figures a year.💸
But this isn’t only a story from my career, it's an experience many other healthcare entrepreneurs go through.
I learned the hard way, a second practice won't always make you more money.
However, this episode isn’t about talking you out of opening a second location.
It’s about telling you how to do it right.
The areas you should improve in before expanding.
And the problems that come along with opening a second office.
...
Thank you so much for listening to this episode and if you found this content valuable here are four ways I can help you for free:
1) Grab a copy of my free guide: The Rehab Chiropractor’s Checklist: Click Here For Instant Access
2) Go ahead and give me a follow on Instagram @justinrabinowitz where I post business content
3) Subscribe to my weekly newsletter by sending me an email at coaching@strive2move.com
4) Leave us a 5-star review so we can gain access to more influential people and bring those lessons back to you
100 episodes