Building A ‘Go-To’ Clinic: 3 Hidden Traps That Almost Derailed My Clinic Purchase

In this episode, Dave O'Sullivan and Paddy Mulligan, Head Business Coach in the ‘Go-To’ Clinic Mentorship program discuss the importance of having a clear vision, financial accounts in order, cash flow management, and a growing clinic with undeniable proof on the P&L and balance sheet. They emphasize the need for a vision document that outlines the future goals and direction of the clinic. They also highlight the significance of having accurate and up-to-date financial accounts, as well as maintaining a healthy cash flow. Additionally, they stress the importance of having a growing clinic and setting realistic budgets based on historical performance. Key Takeaways: Having a clear vision is critical for the success of a clinic. It helps with hiring, retention of staff, and decision-making. Keeping financial accounts in order is essential for obtaining loans and making informed financial decisions. Managing cash flow is crucial for the stability and growth of a clinic. It allows for better decision-making and provides security during challenging times. Having a growing clinic with undeniable proof on the P&L and balance sheet is important for obtaining loans and building confidence with banks. Setting realistic budgets based on historical performance helps create a winning culture and ensures the clinic has the resources to achieve its goals. Key Chapters: 00:00 Introduction and Background 06:48 The Power of Having a Clear Vision 13:39 The Importance of Keeping Financial Accounts in Order 19:13 Managing Cash Flow for Clinic Stability and Growth 25:11 Building a Growing Clinic with Proof on the P&L and Balance Sheet 29:29 Setting Realistic Budgets for a Winning Culture 32:17 Conclusion and Next Episode Preview Resources:  Free Head Physio Systems 6 Step Checklist: https://thegotophysio.com/checklist/ Our Flagship ‘Go To’ Therapist Mentorship Program: https://thegotophysio.com/mentorship/ Our Clinic Owner Business Mentorship Program: https://thegotophysio.com/business-mentorship/ Happy Progressing Patients Book: https://thegotophysio.com/book/ For our Latest Updates, Be Sure To Follow Us On Social Media: Facebook: www.facebook.com/daveosullivansportsphysio Instagram: www.instagram.com/daveosullivanphysio/ LinkedIn: www.linkedin.com/in/daveosullivanphysio/