Many people don't realize how much more work it takes to run a group practice or a private practice, especially as the practice owner. There's physical work, mental energy, and emotional labor of the practice. It can all take a huge toll when it feels like no one cares about it as much as you do, or that you can't trust anyone to do it the way you would.
So many practice owners fall into that boat. They know they are the most invested person in their business. They are afraid to delegate because they're worried about quality control. And often, I see practice owners buying into the number one fallacy of business ownership: If I'm doing the work, that means the work is free! But it has a cost, even if you don't see that dollar value when you run payroll.
It costs your time (which is also money). It costs your peace of mind, which you can't put a price on. Unintended costs like added stress, less time with family or friends, overworking, and over-functioning in your business can also be in play.
To avoid all that, what I like to do is break the practice into five systems:
You have to think about the systems and processes that are going to be in each one of those five categories. Who's going to operate each of those systems, and how are you going to keep the whole practice as efficient as possible? Because if you now have more employees who are requiring your time, attention, and energy — all that is exhausting. You have to have those systems in place, so you're not spending additional time, energy, thought, etc to make everything function.
Most of the time, as individuals or as solo providers, we think we're super efficient. I certainly thought that about myself when I started! But many of the systems that I used for myself didn't work once I had five, ten, fifteen or twenty therapists!
Growing a successful business requires dedication and hard work, and there are specific areas where your attention and commitment will be crucial for growth. For instance, implementing effective strategies to expand your customer base and reach new markets will demand thoughtful planning and execution. Building strong systems to streamline operations, such as automating processes or optimizing supply chains, will improve efficiency and scalability. Additionally, nurturing your team by investing in their professional development and creating a positive work culture will lead to higher employee satisfaction and productivity. While these efforts might demand sacrifices in the short term, the long-term rewards will be worth it. Embrace this phase with determination, knowing that your dedication will pave the way for a thriving and prosperous future for your business. Remember, the journey to success is a marathon, not a sprint, and your commitment is what will propel you forward.
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