042 - Level Up in 2025: Practical Tips to Grow Your Practice Profitably
Description
Success in 2025 starts with the strategies you put into action today. This episode dives deep into practical, actionable steps to make the upcoming year your most profitable and impactful yet. From understanding your numbers to planning smart upgrades that add value for your patients, you’ll learn how to optimize your practice for sustainable growth. Discover why aligning your pricing with inflation, investing in your team, and cleaning up your backend systems are essential moves to create a thriving, well-rounded business. Whether you're looking to refine your processes or completely transform your practice, these insights will help you launch into the new year with confidence and clarity.
Key Highlights
01:32 – The importance of reframing December as a productive month to set the stage for success in the upcoming year rather than slowing down.
02:32 – Discussion on how end-of-year planning helps avoid a "January hangover" and ensures the new year starts strong with momentum.
04:57 – The need for profitability in chiropractic to sustain growth, serve more people, and reinvest in the mission of delivering care.
05:48 – Challenges chiropractors face with profitability, including understanding costs per visit and ensuring fee structures support team investments.
09:26 – Strategies for fee increases, emphasizing the importance of aligning fees with inflation and implementing regular, systematic adjustments.
13:26 – How to identify and highlight value upgrades in your practice to justify fee increases, from new technology to team training and enhanced services.
20:40 – The mindset shift needed to approach fee increases as normal business practice, with examples from other industries to normalize the process.
21:59 – Training your team to handle conversations about fee increases effectively and ensuring they are aligned with the vision for practice growth.
24:20 – Why profitability is essential for reinvesting in areas like marketing, team building, and coaching to elevate the practice.
26:31 – Encouragement to use the start of the new year as a time to clean up systems, improve efficiency, and implement growth strategies for a sustainable future.
Resources Mentioned
Register Now for the TRP Remarkable Team Building Immersion - January 31 and Feb 1, 2025 in Tampa, FL and Feb 28 and Mar 1, 2025 in Brisbane, AUS - https://theremarkablepractice.com/upcoming-events/
To schedule a Strategy Session with Dr Lona: https://go.oncehub.com/DrLonaBuildPodcast
To schedule a Strategy Session with Dr Bobby: https://go.oncehub.com/DrBobbyBuildPodcast
Learn what it takes to be Remarkable!: https://theremarkablepractice.com/
Learn more about the Build Your Remarkable Practice: https://theremarkablepractice.com/build-your-remarkable-practice-podcast/
Learn more about the Remarkable CEO Podcast: https://theremarkablepractice.com/podcast/
Learn what it takes to be Remarkable!: https://theremarkablepractice.com/