Private Practice Playbook EP 02 The Big Five
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Sep 9, 2020 Listeners dive into the impact of financial preparedness in practices, especially in light of challenges like COVID-19. Discover the 'Big Five' framework aimed at enhancing practice management and overcoming growth barriers. Emphasis is placed on building successful teams through effective human capital strategies. Actionable insights provide tools for navigating unseen hurdles and ensuring long-term success. It's a must-listen for anyone looking to strengthen their practice.
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Vision and Team Alignment
- Write down your vision for your practice and share it with your team.
- If it excites them, it's likely a good vision; if not, revise it.
The Big Three and Five for Practice Growth
- Growing a practice requires focusing on key areas, starting with the "Big Three."
- For larger visions, expand to the "Big Five," but start with the core three for smaller practices.
Human Capital: The Untapped Potential
- Human capital, the employees within a practice, is crucial for growth and often overlooked.
- Doctors rarely receive training in managing, inspiring, or creating systems for their teams.