The Financial Beast Podcast for Practice Owners

Don't Panic! How to Manage Market Downturns Like a Pro Hosted by Eric Miller with Guest, Eric Gersch

Don't Panic! How to Manage Market Downturns Like a Pro
Welcome back to the Financial Beast podcast!
In this episode, Eric Miller and Eric Gersch dive deep into the recent market meltdown and share expert advice on how to navigate these turbulent times like a pro. If you're a healthcare practice owner or an associate, this episode is a MUST-WATCH to take back CONTROL of your financial future and maximize the value of your investments.
They emphasize the importance of having a well-diversified portfolio and advise against making impulsive decisions based on short-term market movements. Keep your focus on long-term goals and avoid emotional reactions. Learn the benefits of dollar-cost averaging and automatic savings plans, which can help build personal wealth and lead you to financial freedom even during a recession.
Like, share, and subscribe to our channel for more expert financial training and wealth-building tips!
Stay calm, stay focused, and take control of your financial destiny. Watch now and transform your approach to market downturns!
#EmotionalInvesting #WealthManagement #StrategiesForInvestors #MarketVolatility #DollarCostAveraging
CHAPTERS:00:00 - Intro01:52 - Global Market Meltdown06:12 - Market Sell-Off Strategies12:39 - Healthcare Performance in Economic Crises16:54 - Immediate Actions for Investors20:05 - Pre-Crisis Investment Strategies22:34 - Portfolio Risk Assessment24:30 - Buying the Dip: Investor Behavior25:55 - Systematic Savings and Investment Plans28:34 - Outrod wealth-building tips!_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

Private Practice Owners! Marketing Musts: Local SEO | Website Secrets | social media | Ads with Host, Eric Miller & Guest, Cebron Walker

Private Practice Website Secrets: Stand Out or Fail
Are you a private practice owner looking to stand out in a crowded market?
In this engaging conversation, Cebron Walker and Eric Miller delve into the essential strategies you NEED to implement to elevate your practice above the competition and attract more clients or patients.
From the importance of having a professional, top-notch website that resonates with potential customers, to optimizing your Google Business profile with recent, high-quality photos and accurate information—this video covers it all. Learn why investing in advertising and maintaining a marketing budget is crucial for driving new patients or client traffic, and how you can utilize social media effectively to enhance your online presence and engagement.
Key Takeaways:
- Website Optimization: Ensure your website is more than just a digital business card; it should reflect the quality and personality of your practice.
- Google Business Profile: Keep it updated with recent photos and correct information to improve your local search ranking.
- Social Media Presence: Engage with your community by posting authentic, relatable content that resonates with your target audience.
- Marketing Budget: Allocate funds wisely to maintain a steady influx of new clients or patients, especially during traditionally slow months.
Don't miss out on these private practice website secrets that can propel your business to new heights. Take control, maximize value, and build your wealth by implementing these actionable insights today.
#MarketingForHealthcareProfessionals #PrivatePractice #HealthcareMarketing #MarketingSecrets #EngagingWithPatientsOnline
CHAPTERS:00:00 - Intro01:53 - Seasonality in Healthcare Trends06:07 - Fixing Slow Months in Healthcare11:28 - Getting Started with Marketing Strategies14:04 - Optimizing Google Business Profile18:10 - Effective Social Media Strategies22:34 - Successful Practices Marketing Techniques27:45 - Marketing Liaison Role and Responsibilities30:45 - Business Growth Strategies for Practices34:15 - Final Thoughts and Contact Information_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

Avoid These Common Exit Plan Mistakes! (75% Fail) with Host, Eric Miller & Guest, Amit Gaglani, PT

Avoid These Common Exit Plan Mistakes! (75% Fail)
Take back CONTROL of your financial future and avoid the common exit plan mistakes that 75% of practice owners make!
In this power-packed episode of the Financial Beast Podcast, host Eric Miller dives deep with Amit Gaglani PT, OCS, as he shares his journey of successfully selling his physical therapy practice for millions. Discover the strategies and insights that can maximize the value of your practice and attract potential buyers who will be salivating over your business.
Amit discusses the importance of strategic planning, understanding financial concepts like profitability, EBITDA, and cash flow, and why having a power team is crucial during the acquisition process. Learn how to build a practice that thrives independently of the owner, ensuring financial freedom and a lucrative exit. 
If you're a practice owner focused on day-to-day operations, it's time to shift your mindset and become a Financial Beast! Empower yourself with the knowledge to navigate the due diligence process, negotiate effectively, and plan your exit strategy with confidence.
Don't miss out on this opportunity to build personal wealth and secure your financial future.
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #MaximizeValue #BusinessGrowth #Econologics #FinancialBeast #BusinessConsultant #ExitStrategy #FinancialControl #PrivateEquity #PracticeValuation
CHAPTERS:00:00 - Intro1:36 - Why You Need an Exit Plan5:18 - What Buyers Want in a Business11:25 - What Makes a PT Practice Valuable13:49 - Do PT Owners Negotiate Enough17:43 - When Did You Start Looking at Your Practice as an Investment19:44 - The Importance of Financial Control24:50 - The Most Stressful Part of Exiting a Business32:40 - Would You Do It Again34:15 - What Would You Do Differently35:08 - Do Your Homework on the Buyer36:03 - What to Do with the Proceeds41:51 - Life After Exiting43:57 - What Are You Doing Now45:10 - How to Reach Amit45:53 - Outro_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

Master AI in Your Practice: Essential Tips for Success with Host, Eric Miller & Guest, Eric Gersch

Master AI in Your Practice: Essential Tips for Success
Ready to take CONTROL of your practice’s future?
Dive into our latest episode of the Financial Beast Podcast, where we uncover the game-changing power of AI for practice owners!
Join hosts Eric Miller and Eric Gersch as they delve into the transformative potential of artificial intelligence in the healthcare industry. From revolutionizing billing processes to enhancing client education, and streamlining policy creation, discover how AI can maximize the value of your practice and pave the way to financial freedom.
In this episode, we tackle the pros and cons of AI, address concerns about job security, and explore how to adapt in the face of technological advancements. Whether you own a physical therapy, dental, optometry, or veterinary practice, this video is packed with essential tips for success. Learn how to leverage AI to build personal wealth, expand your business, and become a Financial Beast in today’s competitive landscape.
Don't miss out! Start Your Financial Beast Training by subscribing to our channel NOW! Connect with us, leave a comment, and share your thoughts. 
Get ahead of the curve, embrace innovation, and take your practice to new heights with AI!
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #Recession #AIInHealthcare #EconologicsFinancialAdvisors #MedicalRecordsAi #MedicalBillingAi #PracticeManagementAi #InsuranceBillingAi #ClientCommunicationAi
CHAPTERS:00:00 - Intro1:39 - Reddit3:29 - AI7:07 - How can AI help a practice owner11:15 - Education16:01 - Pros and Cons of AI18:30 - What AI Can't Do23:10 - AI and creativity25:19 - OUTRO_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

The Shocking Truth About Employee Benefits You Didn't Know with Host, Eric Miller & Guest, Eric Gersch

The Shocking Truth About Employee Benefits You Didn't Know
Unlock the secrets to employee retention with this episode.
Dive deep as Eric Miller and Eric Gersch tackle crucial strategies for maximizing employee satisfaction and engagement. In this eye-opening discussion, you'll discover innovative approaches to benefits that go beyond the basics of health insurance, retirement plans, and paid time off. Learn how unlimited time off and financial assistance can dramatically boost retention and productivity.
This episode is packed with actionable insights for practice owners and business leaders who want to take back CONTROL of their workforce dynamics and build personal wealth through smarter employee management. Whether you're struggling with HR challenges or simply looking to enhance your current benefits package, we've got you covered.
Don't miss out on this episode to elevate your practice and ensure your employees are happy, engaged, and here to stay!
#TrainingPrograms #RetainEmployees #FinancialTips #EmployeeRetention #EmployeeIncentives
CHAPTERS:00:00 - Intro3:02 - What Benefits Should I Offer My Employees3:36 - The Importance of Keeping Employees Happy8:59 - Standard Benefits for Employees16:25 - Other Benefits20:30 - Staff Bonus Systems24:28 - Financial Help for Your Associates_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

Election Fears? Why It Shouldn't Impact Your Investments! with Host, Eric Miller & Guest, Eric Gersch

Are election fears paralyzing your investment decisions?
 
Don't let the noise derail your path to financial freedom!
 
In our latest episode, "Election Fears? Why It Shouldn't Impact Your Investments!", we dive deep into how elections truly affect the market and why you should remain focused on your long-term investment strategy. Join your Eric Miller and advisor Eric Gersch as they deliver expert advice, empowering you to take back CONTROL and build personal wealth.
You'll learn why the market is fundamentally apolitical and how historical data shows consistent growth regardless of election outcomes. Discover the importance of diversification, having a solid investment strategy, and the benefits of dollar-cost averaging to minimize risks. Plus, get tips on how to maximize the value of your practice and expand your business, even in uncertain times.
 
Key Topics Covered:- Apolitical nature of the market- Importance of a solid investment strategy- Benefits of dollar-cost averaging- Diversification for financial stability- Controlling your business and financial decisions
 
Don't let election fears hold you back. Tune in now and secure your financial future!
#FinancialFreedom #InvestmentStrategy #WealthBuilding #FinancialAdvisor #RecessionProof #PracticeOwner #ElectionsAndInvesting #DiversifyInvestments #FinancialStability #FinancialPlanning #FinancialLiteracy #FinancialAdvice
 
CHAPTERS:00:00 - Intro01:32 - How to Invest Before an Election05:40 - Market Reaction to Different Presidents11:45 - Maintaining Your Investment Strategy15:18 - Advice for Investors17:05 - Dollar-Cost Averaging Explained21:06 - Lump Sum vs. Dollar-Cost Averaging22:14 - Importance of Having a Strategy23:16 - Handling Market Downturns24:29 - Controlling Financial Decisions25:20 - Wrapping Up_________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
 
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.

The Truth About Vet Practice Costs: What You're Overlooking with Host, Eric Miller & Guest, Len Donato, DVM

Take control of your veterinary practice's profitability NOW!
In this eye-opening episode of the Financial Beast Podcast, your best financial friend forever, Eric Miller, dives deep with the extraordinary Dr. Len Donato, owner of Radnor Pet Hospital in Philadelphia, PA. Get ready to uncover the truth about vet practice costs and what you’re overlooking!
Dr. Donato shares his incredible journey of building a successful practice and reveals the secrets behind managing costs effectively. From the critical aspects of cost of goods sold (COGS) and staff wages to the importance of delivering top-notch medical care – this conversation is packed with actionable insights that can transform your practice.
Learn how to:- Take back CONTROL of your expenses and maximize profitability.- Implement efficient inventory management to minimize costs.- Balance staff wages within a reasonable range of revenue.- Leverage marketing strategies, including word-of-mouth and online tools, to attract more clients.- Delegate effectively and listen to your clients to enhance service quality and satisfaction.
Are you tired of financial struggles?
Ready to become a Financial Beast and achieve financial freedom?
This episode is your blueprint to expanding your business and building personal wealth. Dr. Donato’s practical advice and relatable experience will empower you to make informed decisions and gain confidence as a practice owner.
#FinancialTraining #WealthBuildingCourse #FinancialAdvisor #PracticeOwner #FinancialFreedom #VeterinaryPractice #RecessionProofBusiness #EconologicsInstitute #FinancialBeast #VeterinarySuccess #PracticeAdvice #PracticeRevenue #PracticeSuccess #PracticeChallenges #OwnerTips
CHAPTERS:00:00 - Intro01:57 - What We're Going to Cover Today03:29 - Original Vision for the Veterinary Practice08:01 - Running the Practice Like a Business11:02 - Taking Orders from Others12:56 - Learning Veterinary Business Management19:10 - Cost of Goods Sold (COGS)24:10 - Controlling COGS for Profitability31:51 - Managing Staff Wages37:20 - Effective Veterinary Marketing40:54 - Traits of a Successful Practice Owner43:51 - Gaining Confidence as an Owner45:15 - Learning from Difficult Situations46:05 - Compensating Yourself as a Business Owner46:34 - Wrapping Up
________________________________________________________________________________________
If you would like a free consultation, please visit econologics.com or call us at 727-588-1540
Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/
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.

The Annuity Debate: Hidden Risks Exposed! with Host, Eric Miller & Guest, Eric Gersch

Ready to unravel the SHOCKING TRUTH about annuities? In this eye-opening episode of the Financial Beast Podcast, your BFF (Best Financial Friend) Eric Miller and expert advisor Eric Gersch dive deep into the controversial world of annuities. We're breaking down the pros and cons, tackling the myths, and giving you the raw facts so you can take back CONTROL of your financial future!
Are annuities worth it? Some love them, some hate them, but we're here to give you the unfiltered truth. Discover how annuity contracts can offer guaranteed income, principal protection, and serve as a viable bond alternative. Learn about the hybrid model that combines fee-based services with insurance sales and why it's crucial to understand the benefits and potential pitfalls of these financial tools.
💼 Whether you're a financial advisor, a practice owner, or someone seeking financial freedom, this episode is packed with insights to help you maximize the value of your investments and build personal wealth. We're not just talking theory – we're giving you actionable strategies to become a Financial Beast and expand your business, even in a recession.
🔑 Highlights:- Uncover the real differences between fee-only advisors, brokers, and hybrid models.- Explore the benefits of annuities, including lifetime income and tax-deferred growth.- Understand the trade-offs, such as surrender charges and opportunity costs.- Gain expert advice on how to strategically position annuities within your portfolio.
Don't miss out on this crucial financial training – start your journey to financial independence now! Remember, Econologics Institute, LLC, and Econologics Financial Advisors are here to support you with expert guidance. Please note, this advice is general and you should consult your own professionals for personalized recommendations. 
👍 Like, share, and subscribe to stay updated with more transformative content. Let's conquer the financial world together!

WIN Every Lease Negotiation: Secrets Landlords Won't Tell You with Host, Eric Miller & Guest, Michael Nula

WIN Every Lease Negotiation: Secrets Landlords Won't Tell You
Ready to WIN every lease negotiation and take back CONTROL of your financial future?
Join Eric Miller and Michael Nula as they unveil the secrets landlords won't tell you, focusing on maximizing the value of your lease agreements for healthcare practices. Learn expert negotiation tactics, from building win-win relationships to securing favorable lease terms, that can help you expand your business and build personal wealth.
 
In this eye-opening conversation, you'll discover:
- The purpose and objectives of leasing for your practice.
- Criteria for selecting the perfect location.
- How to communicate the benefits of your practice to the landlord.
- Key lease terms like personal guarantees, build-out arrangements, and rent negotiations.
- The importance of thorough research and not settling for unfavorable deals.
- Strategies for negotiating with vendors and employees to ensure a win-win outcome.

Protect Your Wealth: The Critical Estate Documents You Need with Host, Eric Miller & Guest, Eric Gersch

Take Back CONTROL: The Shocking Risks of Ignoring Estate Planning!
 
Are you ready to maximize the value of your assets and build personal wealth?
 
Dive into this eye-opening episode of the Financial Beast Podcast with Eric Miller and Eric Gersch. Estate planning isn't just for the wealthy; it's for anyone who wants to ensure their hard-earned legacy is protected.
 
In this powerful discussion, we break down the essential documents you need for a foolproof estate plan:
- Wills
- Power of Attorney for financial and legal matters
- Healthcare proxies
- Living wills
- Trusts
 
Discover how these documents can protect your assets, appoint guardians for your children, and ensure your healthcare decisions align with your wishes. We uncover the shocking risks of ignoring estate planning, from losing control of your assets to unnecessary legal battles. Trusts, in particular, offer benefits like asset protection, privacy, and avoiding probate—a must for anyone serious about financial freedom and expanding your business.
 
Don't let procrastination jeopardize your financial future.
Take action now and secure your legacy!