All Episodes

November 26, 2019 30 mins

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 LinkedIn

Dr. Pete’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

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