Why Do Physical Therapy Practice Owners Put Off Financial Planning
Check out this article to discover the most common personal and practice-level barriers, and get tips to leverage a more structured approach to help physical therapy practice owners move their whole financial life forward with more confidence. Why do physical therapy practice owners delay financial planning? The short answer to that big question: Physical therapy […]
How Should Veterinary Practice Owners Align Their Practice and Personal Finances?
By Eric S. Miller As a veterinary practice owner, you have personal finances and practice finances. Your practice is generating substantial revenue, but is your personal net worth reflecting that success? You’re not alone. It can be difficult to know how to connect the dots between practice and personal financial success, especially if this is […]
The Overlooked Threat to Your Financial Plan
Why Every Professional Needs a Long-Term Care Strategy By Eric S. Miller Most people spend decades building wealth, paying down debt, and saving for retirement—only to watch it unravel in the final years of life. It’s not from a bad investment or market crash. It’s from something far more predictable: the cost of long-term care. […]
Is Your Money Safe?
By Eric S. Miller 2008 was definitely a wakeup call for many. It was the first time since the Great Depression that many people witnessed what could happen to major financial institutions in a matter of days. Lehman Brothers- Gone, Bear Sterns- Gone, Washington Mutual Bank- Gone. And if it weren’t for the backing of […]
Why Financial DIY = Financial Mediocrity
In my youth, I was insistent on “doing it myself.” Even when I had no prior experience or training in a subject or task, I was determined to learn because a) I thought I could do it better or b) I wanted to save money. And at this point in my life, I had time […]
It’s Going to Cost You. What Are You Willing To Pay?
Since when have you ventured into anything with great results where you had no earlier knowledge of the subject before you started and then magically it all worked out with no exterior guidance (or skinned knees) whatsoever? Right. Never. At a minimum, you watched a video, read an article/book, you took a course (or years […]
How to Salvage Your Business When You Are in a Cash Flow Crunch
While it is an unfortunate reality, at some point in practice ownership you will experience times where your business cash flow is insufficient. This not only feels like a contraction of your business but can also cause you to feel anxious, fearful, and sink you straight into a mindset of scarcity. I have seen this […]
Why the Traditional Retirement Plan is Not For Practice Owners
In any area of life or business, you will find certain advice or circumstances which may be a fit for some people, but not for others. The trouble is that one size does not always fit all. As a practice owner, you have unique opportunities and challenges. Therefore, it only makes sense that you require […]
Keeping Your Attention on Your Business Finances
If you have ever been to the mall with a toddler, you know they require constant attention. The moment you take your attention off the child to look at some clothes or thumb through a magazine, there is a good chance they could be 100 yards away petting a stuffed animal or roaming around near […]
What’s Your View?
I read an anonymous quote the other day that said, “After climbing the mountain, you can finally enjoy the view.” Then I started to think about how building and running a practice is a lot like climbing a mountain: sometimes it’s an easy hike up a gentle slope and sometimes it’s a treacherous climb up […]