Practice Finances Simplified: 27 Key Steps You Need with Co-hosts, Eric Miller & Eric Gersch

Unlock the secrets to mastering your practice's finances with "Practice Finances Simplified: 27 Key Steps You Need." This episode is packed with essential advice designed specifically for healthcare practice owners looking to take back CONTROL of their financial future. Whether you're struggling to organize your financial documents, maximize the value of your practice, or build personal wealth, this checklist has you covered.

 

Discover how to establish financial freedom by addressing common pitfalls like income dips, outdated bookkeeping, and inefficient billing systems. Learn how to calculate your facility capacity income goal, stay on top of your make-break number, and ensure your business is running at maximum efficiency. It’s time to stop surviving and start thriving by becoming a Financial Beast and creating a practice that rewards you financially.

 

As experts in financial training for practice owners, Econologics Financial Advisors equips you with the tools to succeed.  Eric Miller, Host of the Financial Beast Podcast and his Co-Host, Eric Gersch are hosting this podcast and will educate you on how to integrate the practice and household under one financial system.

 

Ready to transform your financial future? Start your Financial Beast journey by visiting Econologics Financial Advisors today.

 

#businesssavings #financialhealth #businessfinancialmanagement #facilitycapacityincome #practicefinances

 

CHAPTERS:

00:00 - Intro

01:13 - Welcome Back

04:52 - Company Financials Overview

07:35 - Strategies for Revenue Generation

09:12 - Facility Capacity and Income Goals

13:05 - Managing Business Credit Card Debt

14:04 - Importance of Business Reserves

17:05 - Addressing Income Fluctuations

20:10 - Financial Data Access Control

23:44 - Timely Payroll for Employees

23:50 - Bonuses and Commissions Structure

25:26 - Conclusion and Wrap-Up

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Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

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