This week, we’re having a chat about women in business – part two of our three part series of women in PT. Brian touched on this topic recently, but we wanted to bring in the women who inspired the original podcast. We brought on three executives from our team, Denise Muncie, CEO; Abby Keyton, DPT, Director of Remote Management Services; Nicole Walzcak, PT, Chief Development Officer who talk about rising through the ranks as women, how to be successful as a woman while balancing the mental load, and how to stop self doubting yourself to make the leap in your career, or in some cases, into private practice.
- 64% of the Physical Therapy field is made up of women. 70% of PPS members are women.
- 6.6% of Fortune 500 companies are run by women.
- People shouldn’t be promoted because of their gender, but rather the skills that come along with being a woman, a leader, an executive, a mother, and a household manager.
- To be successful in business, you’re not running every division of your company – the people that work with you are. As an owner, and manager you need to know your staff on a personal level then you won’t have the full impact to know that the business is running smoothly.
- People don’t care how much you know until they know how much you care.
- Odds are higher that men will leave PT school expecting to own a PT practice.
- Hire the being, not the resume. As the CEO, its your job to lead, educate and motivate. Find the key people that you want to do that with.
- Recognize the skills and attributes that your team has, and support them rising up. Similarly, if you’re a woman who is interested in opening a practice, believe in yourself enough or surround yourself with people who believe in you.
- Set your personal strategic plan, instead of just jotting them down, have steps to achieve them. You are in control of your future.
- Don’t break commitments to yourself, you know who you are and what direction you want to go in business. It’s not just about talking about it, have the confidence to take action.
- Women in PT part 1
- Why Women Make Great Leaders
- Tackling lack of women leaders in PT (WebPT)
- Men v. Women Communication Styles
For more information on how we can help you be a better leader, executive and business owner, contact us or schedule a one-on-one assessment to tell us what’s on your mind. We’re happy to answer any questions or concerns you may have on how to improve your quality of life in private practice. We have the depth of knowledge and experience across our divisions to help you customize a solution that will help you reach the goals for your practice.
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.