Practice Expansion Secrets Every Owner Should Know

To get your free copy of "How to Become A Financial Beast" by Eric Miller to go www.financialbeastbook.com.

 

Ready to grow your healthcare practice but unsure where to start? Discover the practice expansion secrets EVERY owner should know! In this episode, Eric Miller, Chief Advisor and Co-Owner of Econologics Financial Advisors, teams up with special guest Michael Nula, an accomplished entrepreneur and former owner of a 15-location physical therapy empire. Together, they break down the critical dos and don’ts of practice expansion to help you take back CONTROL of your business, build personal wealth, and create financial freedom.

 

Learn how to avoid common pitfalls, maximize the value of your practice, and strategically scale while keeping your financial foundation secure. Whether you’re eyeing your next location or working to optimize your current one, this episode is packed with actionable insights to help you succeed. From analyzing your team’s readiness to understanding financial health and identifying the perfect time to expand, we’ve got you covered.

 

At Econologics, we specialize in turning healthcare practice owners into Financial Beasts. Ready to take that next step? Start your journey to financial empowerment!

 

Like, share, and subscribe to unlock more expert strategies for recession-proofing your business, growing your wealth, and achieving your goals. You’ve got this!

 

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CHAPTERS:

00:00 - Intro

02:23 - Discovering Your Why

09:01 - Researching Location Homework

15:16 - Timing for Opening New Locations

19:00 - Recruiting Strategies for New Locations

20:10 - Profitability Timeline for New Locations

22:20 - Learning from Location Failures

24:00 - Knowing When to Cut Bait

28:00 - Key Factors for Successful Expansion

29:55 - Applying Principles Across Businesses

30:20 - Determining the Right Number of Locations

32:15 - Contacting Mike Nula

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If you would like a free consultation, please visit econologics.com or call us at 727-588-1540

 

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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.