Episode 38: Best Practices for the Best Private Practice

In this week’s episode of Secrets of the Top 10%, Brian talks best practices for the best practice. In order to be the best, you need to know what the best practices are. All professional athletes have their own private coaches and trainers working with them nonstop to always improve their abilities. This week we’re answering questions from startup owners about management best practices and sharing a few success stories from our clients. 

Key Takeaways

  • PT school is deficient in preparing those who wish to go into private practice by lacking training in personnel management, executive training, billing, marketing, and financial management.
  • In addition, PT School is also deficient in training PT’s in how to properly handle people. Be it conflict resolution, management or understanding a communication cycle and building a block of agreement. These are basic requirements for managing others and building a team of those you want to row with you in a life boat
  • Brian talks about the best company organization charts. They lay out the process for you to be most successful in private practice.
  • First you need to state clearly, your dreams, goals and purposes. Only after those are clearly defined will you have a chance to achieve them.
  • Other best practices in setting up your practice include:
    • Systems of operations with standard operating procedures for all to follow.
    • Understanding the metrics (64 key statistics), salary caps
    • Financial management, reporting, and projecting.
    • How much is too much when holding others accountable.
    • Key policies one needs to follow in order to be successful in private practice.
  • Brian discusses staying in manners while saying NO, understanding that discipline breeds performance and respect builds your company culture.
  • He talks about the fears that many start up owners have – especially in terms of time and money – many start up owners stress about funding and the risk of owning a business.

Finally, he talks about how these fears of start up owners helped build the foundations for MEG Academy. So you – PT Private Practice owners – can receive the training you need to manage a successful practice and invest in your employees for professional enhancement.

You can learn more about MEG Academy by setting up a FREE consultation call OR email Brian with your questions about private practice management.  

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