Episode 188 - Remarkable Money Metrics (Part 2)

Recap

In this episode you’ll discover:

CEO’s need Remarkable Standards to optimize the business and maximize profits
You need accurate and current financial reporting to make data-driven decisions
The Remarkable Money Metrics Financial Snapshot is the complement to the Vital Signs Performance Metrics Report
Data drives logic-based decision making…In the absence of data – emotions take over
High emotion = low logic; high logic = low emotions (stress)

Episode Highlights

04:37 – A recap of direct and indirect costs moving into an introduction of discretionary earnings.

07:12 – How much should your chiropractic office be investing in training and development?

14:34 – You must have the back office staff to support the business, especially when it comes to exiting it. Account for the positions in your accountability chart.

17:55 – An example of payroll costs for a million dollar company. You have to know your payroll costs.

21:45 – How the economies of scale affect small and larger businesses when it comes to expenses.

23:51 – A look at the seller’s discretionary earnings within a business.

27:56 – Success Partner, Bill Esteb of Perfect Patients, joins Dr. Pete to discuss the effectiveness of websites for the chiropractic field. Listen as they share the need to not only have a website but one that will turn your reputation into conversion through a well designed website and persuasive content that will turn your visitors into patients.