The Remarkable CEO for Chiropractors 196 - The TRP Bonus System (Part 2)
In this episode, you'll discover:
- How to Use SCORECARDS and Metrics to drive revenue and growth
- Using KPI ‘s and Goals to Drive Productivity and INCENTIVES
- Understand compensation for the Production-Based Employee
- CEO’s have a responsibility to drive a profitable business
Episode Highlights
02:26 - The second approach to the bonus system is managing by objectives by creating accountability in your business.
06:08 - The differences between a relational and transactional environment. Which do you practice?
12:22 - A business builder associate will be energized by the opportunity to have compensation tied to their productivity and their achievement of the goals based on their KPIs.
16:24 - When you are managing by objectives, the goal is not to just support them but to help them feel supported, and help them win.
18:43 - Building an intrinsic alignment between their personal, professional, and financial goals and the business growth, creates a win, win, win scenario.
21:39 - Looking for a way to enhance metrics, statistics, and reporting in business? Join Dr. Stephen and Dr. Noata Hashimoto from TrackStat, a patient tracking platform that helps to ensure better patient tracking, improves statistics, and enhances communication through online scheduling, appointment reminders, and reviews. With TrackStat you can dig deeper into why a number may be down and identify issues that require training early and easily.
Resources Mentioned
To download your copy of the TRP Scorecard and Remarkable Bonus Systems Worksheet, please click here: https://theremarkablepractice.com/podcast-ep196-bonusandscorecard
For more information about TrackStat please visit: www.trackstat.org
To learn more about the REM CEO Program, please visit: www.theremarkablepractice.com/rem-ceo
Schedule a Brainstorming call with Dr. Pete
Dr. Stephen’s Book –
The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business