Build a More Valuable Practice by Diversifying Referral Streams
Diversifying referral streams will strengthen and add resilience to any mental health practice. Furthermore, diversifying referral sources will make the practice more valuable to a potential purchaser. The goal in […]
Build a More Valuable Practice by Shrinking the Owner’s Role
At some point, shrinking the owner’s role is essential for the business to thrive. Overdependence on the owner can be crippling and doom the business to a shutdown when the […]
Standardizing Everything and Cross-training Everyone Adds Practice Value
Standardizing everything and cross-training everyone is one way to increase a mental health practice’s value. But even more importantly, doing so makes the business run more smoothly and diminishes vulnerabilities. […]
Build a More Valuable Practice by Nurturing Next-Gen Leaders
Once a practice has reached a certain size, finding, training, and nurturing the next generation of leaders moves to the top of the list. Failure to nurture next-gen leaders inevitably […]
Build a More Valuable Practice by Focusing on Profit
Growing profit, i.e., Ebitda, is the easiest way to add value to an organization. But what does that mean? And how does one go about growing Ebitda? Let’s begin by […]