Episode 51

Building A ‘Go-To’ Clinic: 3 Hidden Traps That Almost Derailed My Clinic Purchase

In this episode, Dave O’Sullivan and Paddy Mulligan, Head Business Coach in the ‘Go-To’ Clinic Mentorship program discuss the importance of having a clear vision, financial accounts in order, cash flow management, and a growing clinic with undeniable proof on the P&L and balance sheet. They emphasize the need for a vision document that outlines the future goals and direction of the clinic. They also highlight the significance of having accurate and up-to-date financial accounts, as well as maintaining a healthy cash flow. Additionally, they stress the importance of having a growing clinic and setting realistic budgets based on historical performance.

Key Takeaways:

  • Having a clear vision is critical for the success of a clinic. It helps with hiring, retention of staff, and decision-making.
  • Keeping financial accounts in order is essential for obtaining loans and making informed financial decisions.
  • Managing cash flow is crucial for the stability and growth of a clinic. It allows for better decision-making and provides security during challenging times.
  • Having a growing clinic with undeniable proof on the P&L and balance sheet is important for obtaining loans and building confidence with banks.
  • Setting realistic budgets based on historical performance helps create a winning culture and ensures the clinic has the resources to achieve its goals.

Key Chapters:

00:00 Introduction and Background
06:48 The Power of Having a Clear Vision
13:39 The Importance of Keeping Financial Accounts in Order
19:13 Managing Cash Flow for Clinic Stability and Growth
25:11 Building a Growing Clinic with Proof on the P&L and Balance Sheet
29:29 Setting Realistic Budgets for a Winning Culture
32:17 Conclusion and Next Episode Preview

Resources:

Free Head Physio Systems 6 Step Checklist: https://thegotophysio.com/checklist/

Our Flagship ‘Go To’ Therapist Mentorship Program: https://thegotophysio.com/mentorship/

Our Clinic Owner Business Mentorship Program: https://thegotophysio.com/business-mentorship/

Happy Progressing Patients Book: https://thegotophysio.com/book/

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