The legal side of things of running a physiotherapy business
Franchising agreements and all the legal stuff that goes along with them can be daunting. There are many documents, many things to read, and a lot of terminology to manage and learn. Read more
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Valuing a Physio Business
So how do you value a Physio business? Is it by the income that it generates, ie the P&L? or is it via the balance sheet? This is a difficult question. The P&L might look amazing, but there may be some disturbing things going on with the balance sheet that may make the business or entity non-liquid. I.e. they don’t have the ability to obligations from their liquid assets. This could be especially true if market forces or external circumstances changed. Read more
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The Physio Inq Business Solution
Running a private practice is hard. It’s one of the toughest sectors with competing interests, juggling ethics, science, time, resources, morals, and established cultures. Physio Inq will partner with you to overcome almost every private practice hurdle. Read more
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Planning And Budgeting In Health Care
I have always encouraged a method of budgetary control for clinic success. This is called fractional expense management. In a nutshell, it is the dividing of expenses into percentages of turnover and attempting to not exceed these budgets in order to hit profit targets. Read more
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How To Train New Staff Effectively To Success FAST
Hiring new physiotherapists is one of the most enjoyable processes you can go through as a business owner or manager. There is an air of expectation surrounding their potential. You have scoured candidates, trolled linked in, posted on facebook and interviewed. You put them all through the ringer and one came out. One. Read more
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Starting A Physiotherapy Business – When Am I Ready To Build A Future?
Taking on the challenge of owning a clinic is not something to be taken lightly. It is a big responsibility, with real risks, real hurdles and real people who you will be responsible for. IN saying all of this, these risks also carry with them great reward. You can start working on a life. Each day you come to work, you are building an asset; your business. Instead of trading hours for a wage, you are trading hours for a wage, plus the growth of an asset and the ability to mould your own future. Read more
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Pitfalls and Handy Tips When Buying An Existing Physiotherapy Practice Or Business
Over the years I have bought and sold many clinics, some have worked well, others have been dogs! IN this article, I go into some of the lessons I have learned when buying physiotherapy and allied health clinics! Read more
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Recent Posts
- The legal side of things of running a physiotherapy business
- Valuing a Physio Business
- The Physio Inq Business Solution
- Planning And Budgeting In Health Care
- How To Train New Staff Effectively To Success FAST
- Starting A Physiotherapy Business – When Am I Ready To Build A Future?
- Pitfalls and Handy Tips When Buying An Existing Physiotherapy Practice Or Business
