CBP 232_ A transformative annual business plan for a cash-based practiceAre you confident about what your practice will look like by this time next year? If you can’t say for sure, I suggest you check out this week’s podcast for help. You’ll learn exactly how you can create an annual business plan that will allow you to get strategic and organized, so you can ensure all your hard work in 2024 will actually make your practice every bit as successful and rewarding as you’ve dreamed! As a bonus, if you scroll down, you can download my “Year End Business Review and Annual Practice Planning Guide,which explains how you can create an organized strategic plan for your practice in 2024. In this episode, you’ll hear some simple steps that will translate your vision for your practice into a detailed calendar for the coming year that will keep your practice growing in a way that stays closely aligned with your goals. This “highlight” is from a Q&A call with my Mastermind Gold group—a highly interactive, supportive group where people who have tons of questions and concerns about how to start, grow, or transition to a cash-based private practice get the answers, resources, and confidence they need to build the practice of their dreams. We have a group coaching call every week, and we occasionally use excerpts of those calls for this podcast.

More specifically, we discuss these topics related to creating an annual business plan:

  • How to identify which key performance indicators should inform your decision-making process in order to create a practice that you are genuinely happy to own.
  • How you can pinpoint unnecessary expenses as well as the opportunity areas that will offer a great ROI.
  • Using metrics to understand which referral sources are worth courting next year.
  • How you can use your average plan-of-care value to make wise spending decisions throughout the year.
  • How to leverage a SWOT analysis to develop a detailed plan for the upcoming year that makes execution easy for you and your staff.
  • The key metrics I recommend tracking and how they can be used to make data-driven decisions.

I’ve got a free resource for you: “Year End Business Review and Annual Practice Planning Guide,” which will help you to complete your yearly business planning as quickly as possible. Click below to download this resource that explains exactly how to use the critical data and key performance indicators that cash-based private practices should track but often do not. Thanks so much for checking out this week’s podcast… hope you enjoy the resource!

WANT STEP-BY-STEP GUIDANCE TO START, GROW, OR TRANSITION YOUR OWN CASH-BASED PRACTICE? 

>> Click Here to learn how to start, grow, or transition your own Cash-Based Practice <<

HERE ARE SOME OTHER EPISODES ON SMALL BUSINESS PLANNING:

The key KPI’s every cash-based practice owner must track This video delves into the specific KPIs I use in my own thriving cash-based practice as well as recommend that all my practice-owner coaching clients use to optimize their businesses.  The fastest way to create a solid business plan for the new year If you know you should create a business and strategic marketing plan for the new year, but you don’t know how or you don’t have the time to spend multiple days creating it, then this video will help. Key performance indicators to track for a cash-based practice In this episode, I explain the KPIs I suggest a cash-based practice owner should be focusing on for each area of business as well as for practices at different developmental stages. 

MORE RESOURCES TO HELP YOU BUILD YOUR STAFF:

How to Recession-Proof Your Practice in 2 HoursHow to Recession-Proof Your Practice in 2 Hours

This Masterclass will teach you how you can proactively disaster-proof your practice, so you can enjoy the confidence and peace of mind that comes from knowing your business is prepared to thrive even through economic downturns and turbulent times. Check it out here.

How to Avoid Clinic Slowdowns with Simple Seasonal PromotionsHow to Boost Practice Revenue with Seasonal Promotions

Discover how to create irresistable promotions that leverage your target customer’s interest in specific events and holidays so you can keep your schedule filled during seasonally slow periods. Check it out here.

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