How Healthy is Your Practice?

Posted by Dr Matthew Holmes - 11/04/13 at 02:04:23 am

practice growth 300x300 How Healthy is Your Practice?As practitioners we encourage our patients to take regular health checkups, and hopefully do the same for ourselves, but how often do we take the time to do a check up on the health of our practice?  It need not be as difficult as it sounds.  With 3 just numbers from your practice and 3 simple calculations you can do a health check on your practice.

In this episode we discuss exactly how to go about doing a checkup on your practice, giving you the steps and what the numbers can mean for you.  Take a listen now.

Already listened?  Leave a comment below, or a voice message on the widget to the right.

Resources mentioned in the episode.

iconpractice clinic software

This episode is the audio of a blog post on Clear Health Media’s blog.  Click here for the text.

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Creating a Happy Fulfilling Practice

Posted by Dr Matthew Holmes - 26/03/13 at 12:03:57 am

happy systems in your practice 200x300 Creating a Happy Fulfilling PracticeCreating a great practice is every practitioner’s dream.  Everyone has their own ideas about what an ideal practice is, but from a business point of view you need to create a practice that delivers a great customer experience consistently.  The key to this is systems and procedures.

But rather than being the boring and tedious subject that it sounds like, business systems can produce customer happiness, relaxed staff and freedom for you.  In this episode we discuss what systems are, how to create them, how they will benefit your practice as well as reveal great resources to learn more.  Take a listen now.

Continue reading Creating a Happy Fulfilling Practice…

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Business Structures for Your Practice

Posted by Dr Matthew Holmes - 15/02/13 at 11:02:29 pm

business structures 262x300 Business Structures for Your PracticeDetermining the right business structure for your practice is important from a tax and liability perspective.  In this episode of practiceDNA we interview Shane Macfarlane from liveaccounting.com.au.  Shane is an accountant with many years of experience and he guides us through the 4 main types of business structure that you can consider.  While this episode relates to Australian law, many common law countries have similar structures so listeners from these countries will find the episode to be of benefit as well.

Determining the correct business structure for you has many implications including tax, personal liability and you ability to sell the business down the track.  While you should always seek your own professional advice, Shane gives an excellent overview of the four main ways you can structure your business so as to legally minimise your tax and reduce your personal liability in the event that your practice is sued.  While none of us like to consider the possibility of being sued, taking some steps now can save a lot of stress and heartache in the future.

So take a listen to the episode and let us know what you think.  Do you have any further questions that Shane may be able to answer?  Leave a comment or question below.

shane Business Structures for Your Practice

Shane Macfarlane
www.liveaccounting.com.au
1300 794 490 (within Australia)

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Your Practice Business Plan

Posted by Dr Matthew Holmes - 09/01/13 at 10:01:10 pm

your practice business plan 300x200 Your Practice Business PlanBusiness plans can either be an asset or a liability.  Often times the figures contained in the plan are little more than guesswork and in the dynamic world of a new practice startup circumstances can often change rendering the plan obsolete. However if you are applying for funding your lender will require you to have one.  In this episode we look in detail at a business plans providing real world examples.  Subscribers also get access to the sample documents.

Already listened?  Let us know what you think by leaving a comment below.

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Start Up Cash – Making Best Use of Your Start Up Capital

Posted by Dr Matthew Holmes - 30/11/12 at 04:11:29 am

Startup capital 300x200 Start Up Cash Making Best Use of Your Start Up CapitalAll businesses have one thing in common – they need cash!  Healthcare practices are no different.  You need capital on hand to buy the equipment you need to start your practice, and you’ll need money to keep things going while you build your patient base.  In this episode of practiceDNA we look at the different ways you can fund your practice as you are starting out.  We then discuss the best way to put the money to work in your business.  Listen to the episode to discover more.

Already listened?  Leave us a comment or question below.  We’d love to hear from you.

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Choose Your Practice’s Focus

Posted by Dr Matthew Holmes - 29/10/12 at 01:10:45 am

choosing your practice area 300x225 Choose Your Practices FocusIf you have decided to start your own practice, you may be tempted to run off and start looking for premises, designing logos etc. At that point though it pays to stop and spend some time planning your business.  One of the first things you need to do is decide do you want a general practice, or are you going to focus on a particular patient group or disorder?  This can guide many of the decisions that you need to make such as practice location, marketing and business name.  Listen to the podcast to find out more.

Questions?  Comments?  Please leave them below.

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8 Reasons Why You SHOULDN’T Start Your Own Practice

Posted by Dr Matthew Holmes - 28/09/12 at 01:09:33 pm

starting your practice 300x200 8 Reasons Why You SHOULDNT Start Your Own Practice

Starting your own practice isn’t something to be entered into lightly.  And while we are all for people starting a business (that’s the whole point of this podcast!), we hate to see people trapped by a decision that they have discovered wasn’t right for them.  In this episode we discuss some of the challenges you’ll face and things you’ll have to learn if you start your own practice – just so you know what you’re getting yourself in for!

So listen to this episode now and let us know what you think using the comments section below.

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How Can You Be Sure You’re Self-Employed?

Posted by Dr Matthew Holmes - 06/09/12 at 06:09:27 am

self employed checklist How Can You Be Sure You’re Self Employed? After listening to our first episode you may have decided that being self-employed is the way for you to go.  You have to be sure though that you meet certain criteria in order to be considered self-employed by authorities such as the tax office.  In this episode we review those criteria, and offer advice on how best to ensure you don’t get caught in the trap of thinking that you are self-employed while actually being an employee.

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Employed or Self-employed? From both the employee and practice owner’s perspective.

Posted by Dr Matthew Holmes - 14/08/12 at 12:08:14 am

employed vs self employed 300x224 Employed or Self employed? From both the employee and practice owners perspective.

In this first episode of practice DNA we give a quick overview of the show’s aim (to help you setup, build and run your own practice) and future topics we’re going to cover on the podcast.  We then look at self employed and employed status from both the employee and practice owner’s perspective, and discuss which is right for you.  Either listen now or download the podcast by right clicking and selecting “Save As” on the link below.

Be sure to subscribe to the show in iTunes to get the latest episode delivered straight to your ear buds.  Questions, comments?  Leave a comment below.

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  • wp socializer sprite mask 32px Employed or Self employed? From both the employee and practice owners perspective.
  • wp socializer sprite mask 32px Employed or Self employed? From both the employee and practice owners perspective.
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