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Welcome to The Remarkable CEO Podcast, a show hosted by Dr. Pete Camiolo and Dr. Stephen Franson. In this episode, Dr. Pete and Dr. Stephen discuss the two-step process of building a remarkable practice as part of a remarkable life. Specifically, they focus on the transition of turning a job as owner-operator and CEO into a business or practice that can function flawlessly without the need of a hands-on CEO. They talk about the importance of constantly shifting and scaling priorities within your practice to achieve this goal. Dr. Pete and Dr. Stephen identify the key role of a CEO, which is to become smaller by elevating everyone around them. Finally, they touch on the need for succession plans in order to sustain the legacy of your remarkable practice.
00:52 – Dr. Pete and Dr. Stephen recap their weekend
02:43 – Introducing today’s topic, Transitioning from a job to a business
03:51 – Dr. Stephen’s first entrepreneurial experience
07:50 – The mindset of an entrepreneur in the exit stage of a business
10:06 – Dr. Stephen speaks to the epiphany he had
13:45 – Avoiding tunnel vision
15:26 – The identity shift from owner-operator to CEO
17:08 – CPC explained
19:40 – Investing in hiring the right people and edifying them
21:57 – Recognizing the key role of the CEO
23:17 – Shifting and scaling priorities within your practice
26:58 – The importance of having a practice where volume and responsibilities are spread out among multiple employees
28:29 – Succession plans
29:19 – Dr. Stephen reiterates that this program is not designed around exit, but rather it’s designed with exit in mind
EPISODE QUOTES
“What we often say is that, ‘When you own a job, really the job owns you.’ The two step process of having a remarkable practice as part of a remarkable life” (03:06)
“I wish I was more mindful around what I had learned washing windows going into practice, cause ya know what I did? I reverted back to what I had done before, what I’d been trained in, which is being the owner-operator.” (06:24)
“I felt like I was trying to get ten pound of shit in a five pound bag every day.” (12:34)
“And that’s where I broke through. And it was literally, I’m need to just focus on creating systems, hire the right people, and commit myself to training and developing these people. Next thing you know, I became a delegation master.” (16:03)
“The three things that need to change for the CEO is you have to have an identity shift, a perspective shift, and a behavior shift.” (25:31)
“What practice would you rather buy? Would you rather buy the practice that I ran, when it was on my back and I was carrying seventy-five to eighty percent of the volume and doing all the work?...Or do you wanna buy the practice where I have three associate doctors and their caregivers, and the volume’s spread across all of them?” (27:07)
LINKS MENTIONED
Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business
