Episode 102: When More Clinics Makes You Less Money
About this episode
This episode discusses the pitfalls of owning multiple clinics and the financial realities that often contradict the dream of expansion.
Most Practice Owners dream of owning more clinics. More locations, more GPs, more revenue. Proof you've made it. The data tells a different story. If you own five clinics, roughly one is producing 80% of your results while the others drain your cash, your time, and your attention. That's not growth. That's a rescue operation you're funding. What you'll get from this episode: Why the first clinic almost always funds the others, and why that's a trap The vanity metrics that signal a Practice is run on ego, not economics Todd's banking wake-up call: what happens when the bank asks you to leave by tomorrow The four questions Keith Cunningham uses before any major decision (most owners only ask one) Why moving your best people to fix failing clinics is one of the most expensive mistakes in expansion The real numbers to track: cash profit, GP retention, patient retention, and unit economics Why opening a new site is sometimes just avoiding the hard work in the one you already have ….. Connect with Todd: LinkedIn Connect with Sachin: LinkedIn ..... P.S. Whenever you're ready, here are 4 ways we can help you grow your General Practice without burning out: Ask Us Anything (Free Support)…
More episodes of Scale My Clinic
- Episode 104: The New Owners Playbook. What To Do In Your First 90 Days.
- Episode 101: The 3 Lies Holding Your Practice Back
- Episode 100: Why Multi-Owner Practices Get Stuck
- Episode 99: Costs Are Rising. What Practice Owners Should Do Next.
- Episode 98: How To Fraud-Proof Your General Practice
- Episode 97: The Most Expensive Room In Your Practice
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