In this episode, Dave O’Sullivan and Paddy Mulligan discuss the two most important numbers that clinic owners need to know in order to gain true freedom. The first number is the ‘money now’ number, which is the amount of money needed to live comfortably and achieve success in the present moment. The second number is the ‘financial freedom’ number, which represents the amount of money needed to achieve long-term financial goals. They emphasize the importance of understanding these numbers and using them to make better quality decisions in the clinic. They also discuss the significance of budgeting, gross profit percentage, and strategic decision-making.
Key Takeaways
- Clinic owners need to know their ‘money now’ number, which is the amount of money needed to live comfortably and achieve success in the present moment.
- Clinic owners also need to know their ‘financial freedom’ number, which represents the amount of money needed to achieve long-term financial goals.
- Understanding these numbers and using them to make better quality decisions can lead to true freedom in the clinic.
- Budgeting, monitoring gross profit percentage, and making strategic decisions based on financial goals are essential for clinic owners.
- By knowing their numbers and setting clear financial targets, clinic owners can work towards their definition of success and achieve a sense of control and stability in their business.
Chapters
00:00 Introduction and Overview
02:21 The Money Now Number
08:38 The Financial Freedom Number
12:26 Strategic Decision-Making
19:55 Understanding Financials
24:06 The Importance of Budgeting
26:08 Conclusion
Resources:
Free Head Physio Systems 6 Step Checklist: thegotophysio.com/checklist/
Our Flagship ‘Go To’ Physio Mentorship Program: thegotophysio.com/mentorship/
Our Clinic Owner Business Mentorship Program: thegotophysio.com/business-mentorship/
Happy Progressing Patients Book: thegotophysio.com/book
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