There are now valid reasons to consider changing your physical therapy business model in order to react to the current and future market of PT private practice in your geographical area. There are no Blockbuster stores around anymore largely because they ignored what was happening in their industry, causing them to fall behind resulting in bankruptcy. Don’t fall behind in your area and wait to make a change until it’s too late and you are suffering financially. You need to be true to yourself in business and personally in terms of how you can exchange in abundance with your patients, your staff, and your community if you want to succeed long term.
Episode at a glance:
- Be true to yourself in business and in terms of how you exchange in abundance with your patients, staff, and your community.
- Be willing to change your mind and admit what you are doing may not be working.
- We talk about the pros and cons of each of these models to help you determine which might be right for you.
Brian Gallagher, PT is the founder and CEO of MEG Business Management, LLC. He has more than 27 years of experience in the field of rehabilitation and 19 years in business and specializes in Physical Therapy practice management and executive coaching nationwide. As a licensed business management consultant, Brian has helped hundreds of business owners nationwide improve their business operations through proper restructuring to achieve improved systems of efficiency and productivity as well as marketing and sales with effective public relations which have proven results for double-digit growth year-over-year with businesses around the country.