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Do you wonder what the right number of employees you should have in your practice or how many team members you can afford to employ? As with many things in business, there is a rule to follow when it comes to determining the right time to bring on employees, and we’ve got the formula to share with you. This methodology is designed to keep your business growing and profitable, two things that seem to compete with each other but ultimately are complementary when this is done right. Enjoy!
Do you wonder what the right number of employees you should have in your practice or how many team members you can afford to employ? As with many things in business, there is a rule to follow when it comes to determining the right time to bring on employees, and we’ve got the formula to share with you. This methodology is designed to keep your business growing and profitable, two things that seem to compete with each other but ultimately are complementary when this is done right. Enjoy!
Episode Highlights
04:36 - The revenue to employee ratio. Are you overstaffed or understaffed?
07:53 - Losing a team member could mean losing momentum, but having a robust team does not necessarily mean being overstaffed.
09:18 - A simplified model that says how much you should be collecting per person on your payroll
15:50 - What does your revenue to employee ratio tell you and how do you increase that ratio?
20:03 - Join Dr. Pete as he talks to Dr. Cory Frogley from BlueIQ. Their goal is to “automate your practice and supercharge your profits.” Listen as they discuss creating community awareness and utilization of chiropractors, building your dream practice, and the importance of knowing your data and the ease with which it can be gathered to support this.
Resources Mentioned
To learn more about the REM CEO Program, please visit: www.theremarkablepractice.com/rem-ceo
For more information about BlueIQ please visit: www.getblueiq.com
Schedule a Brainstorming call with Dr. Pete
Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business
