The Financial Beast Podcast for Practice Owners

Most practice owners call themselves the “CEO" but very few can explain what that role actually requires. In this episode of The Financial Beast Podcast, Eric Miller sits down with Michael Nula, founder of a multi-location physical therapy practice (15 locations) who successfully sold and now trains owners nationwide on how to lead like a true CEO.
If you want more freedom, less chaos, and a practice that doesn’t depend on you for everything, this conversation breaks down the real CEO job: • how to simplify to multiply • how to build a practice that runs through people (not through you) • what meetings, KPIs, and accountability actually look like • how to lead with calm under pressure • the “P3” framework: Performance, People, Profitability
________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologicsFacebook: https://www.facebook.com/econologicsfinancialInstagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners think they have only two choices: work forever… or sell and hope it’s enough.
In this episode of the Financial Beast Podcast, hosted by Eric Miller, veterinarian Dr. Tammy Stevenson shares how she intentionally built a practice she’s proud of — and used it to build real wealth outside the practice over the last 10 years. We talk about what’s really happening in veterinary medicine post-COVID (spending pullback, rising costs, wage pressure), the reality of hiring associates in today’s market, and why exit planning is no longer as simple as “sell to an associate.”
If you’re a vet practice owner (or any healthcare business owner), this conversation will help you think clearly about:• building household wealth while running a practice • planning an exit 10–12 years in advance • associate buyouts vs corporate deals how to avoid being forced into a bad sale when burnout hits ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 
Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologicsFacebook: https://www.facebook.com/econologicsfinancialInstagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

So we did something different to close out the year…
We Googled the most asked financial questions of 2025—and we answered them honestly. From budgeting and debt to inflation, mortgage rates, and crypto, this episode breaks down what matters, what’s noise, and what practice owners should actually focus on.
If you’re a healthcare practice owner (vet, PT, optometry, dental, med spa, chiro, etc.), here’s the truth: your biggest financial wins (and mistakes) usually happen outside the treatment room—inside your household cash flow, your practice profitability, and your long-term wealth strategy.
🎙️ Home of the Financial Beast Podcast — bold conversations, real strategies, no fluff.
✅ Topics we hit:
- Budgeting vs. increasing practice profitability - Save vs invest (and what “emergency fund” really means) - Credit score myths - Crypto: investing vs. speculation - What inflation actually is - Compound interest (when it matters and when it doesn’t) - Protecting investments during market volatility - How to hire the right financial advisor (fiduciary + industry experience)
________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 
Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologicsFacebook: https://www.facebook.com/econologicsfinancialInstagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics
🔒 Disclaimer 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners make significant financial mistakes outside the treatment room, especially concerning real estate. This discussion with Michael Hendzel of Mav Realty addresses common errors like signing unfavorable lease terms and overpaying for properties, emphasizing the importance of informed business negotiation. We break down how healthcare development and medical real estate impact your practice's financial health, offering crucial real estate investing strategies for physician real estate. In this episode of the Financial Beast Podcast, Eric Miller sits down with Michael Hendzel to break down what healthcare practice owners need to know about medical office real estate: how bad leases quietly drain profit, when it makes sense to buy your building, how commercial properties are valued, and what to look for (parking ratios, ingress/egress, location, and more). If you’re a veterinarian, physical therapist, optometrist, chiropractor, dentist, or any healthcare practice owner — this episode can save you from a costly mistake and help you build real wealth outside the treatment room. Subscribe for weekly strategies — bold conversations, real tactics, no fluff.  ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us
Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologicsFacebook: https://www.facebook.com/econologicsfinancialInstagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most practice owners hire in panic: plug the “hole in the boat” with a warm body… then wonder why people quit (or underperform) within 30 days.
In this episode of the Financial Beast Podcast, Eric Miller sits down with HR expert, Lorianne Isaacson to break down the real reason practices can’t keep good staff: weak onboarding + zero codified training. What you’ll learn:
Why most practices are a 2/10 at onboarding (and how to fix it) - The 90-day onboarding framework that builds commitment (not just compliance)
How to stop “verbal training” from walking out the door - Simple retention plays that cost almost nothing (but build loyalty fast)
The #1 rule of performance management: firing should never be a surprise
Why “micromanaging” is usually a training problem, not a people problem If turnover is crushing your practice and your cash flow feels tight—this is the episode you needed. ___________________________________________________Want to schedule a free consultation?Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologicsFacebook: https://www.facebook.com/econologicsfinancialInstagram: https://www.instagram.com/econologicsfinancialadvisorsX /Twitter: https://x.com/FinancialBeastsVimeo: https://vimeo.com/econologics 🔒 Disclaimer 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. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Sometimes paying taxes is actually a good sign—your practice made a profit. But too many healthcare owners fall into “write-off mode” and make expensive moves that destroy cash flow (hello, “buy a truck in December”).
 
In this episode, Eric Miller sits down with Julie Herres (Founder/CEO, GreenOak Accounting) to break down tax planning for healthcare practice owners—without the gimmicks.
 
You’ll learn:
- Why “avoiding taxes” can be a bad business decision
- The difference between tax deductions vs. real savings
- The biggest money leaks crushing margins (payroll, space, scaling too soon)
- Why practice owners need monthly or quarterly CPA check-ins
- Smart, practical year-end moves that don’t wreck liquidity
 
If cash flow is getting tight and you want to keep more of what you earn—this is the playbook.
 
CHAPTERS:
00:00 - Intro
01:25 - Julie Harris Introduction
05:28 - Money Leaks: Clinician Compensation
10:45 - Efficient Space Utilization
13:18 - Myth: Growing Out of Financial Problems
17:25 - Financial Reserves: How Much is Enough?
22:13 - Building a Strong CPA Relationship
26:30 - Year-Round Tax Planning Strategies
28:01 - Benefits of Paying Taxes
30:38 - Documenting Payments to Your Children
35:43 - Understanding the Augusta Loophole
37:04 - Contacting Julie Harris
37:39 - Outro
_________________________________________________________________________________
 
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0
 
 
Get Social With Us
Website: https://www.econologicsfinancialadvisors.com
LinkedIn: https://www.linkedin.com/company/econologics
Facebook: https://www.facebook.com/econologicsfinancial
Instagram: https://www.instagram.com/econologicsfinancialadvisors
X / Twitter: https://x.com/FinancialBeasts
Vimeo: https://vimeo.com/econologics
 
🔒 Disclaimer
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.
Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Failed sale. No clear exit. Limited options… or so it seemed.
 
Most healthcare practice owners think they only have two paths:
👉 Sell to an associate
👉 Or sell to corporate
 
But what happens when a corporate deal falls apart and you still want freedom, security, and options?
 
In this episode of the Financial Beast Podcast, Eric Miller sits down with Paul Silovsky, CEO of Rebound Physical Therapy, to unpack how he navigated a failed sale, rebuilt his vision, and created a brand-new set of exit options — without giving up control of his practice or his household income.
 
You’ll discover:
 
- Why most owners give away their power of choice when it comes to exiting
- What really happened when Paul’s first corporate deal fell through
- How he redesigned his practice so it could financially support his family for years
- The pros and cons of selling to an associate vs. selling to corporate
- How to think about internal sale, owner financing, and long-term cash flow
- Why starting exit planning years before you sell gives you maximum leverage
 
If you’ve ever thought, “I don’t know how I’ll get out of this practice without blowing up my lifestyle,” this conversation is a must-watch.
 
CHAPTERS:
00:00 Intro – Why exit options matter
01:05 How Paul realized he needed more choice
04:10 The first corporate deal and why it failed
10:45 Rebuilding the practice with a new vision
16:30 Internal sale vs. corporate: pros and cons
24:00 Protecting your household income after exit
32:00 Exit strategy mistakes healthcare owners make
38:45 Paul’s advice if you’re 5–10 years from exit
_________________________________________________________________________________
 
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0
 
 
Get Social With Us
Website: https://www.econologicsfinancialadvisors.com
LinkedIn: https://www.linkedin.com/company/econologics
Facebook: https://www.facebook.com/econologicsfinancial
Instagram: https://www.instagram.com/econologicsfinancialadvisors
X / Twitter: https://x.com/FinancialBeasts
Vimeo: https://vimeo.com/econologics
 
🔒 Disclaimer
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.
Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most owners spend more time planning a vacation than their practice exit—and it’s a costly mistake. In this episode, Eric Miller and advisor Zach Abbotoni break down the money side of your exit: who to sell to, how your practice is valued (EBITDA & add-backs), your “magic number” for a successful retirement, and how to structure a deal so you keep more and reduce risk.
 
You’ll learn:
* Associate vs Corporate buyer: cash at close, control, risk, and culture
* Valuation 101: adjusted earnings (EBITDA), add-backs, and premium/discount factors
* Deal structures: cash at close, joint venture (retain equity), private stock (A/C shares), earn-outs—and what to watch out for
* Real-estate & lease terms, team retention bonuses, and tax/flow considerations
* The Wealth Gap: quick math to confirm if today’s offer funds your next 30 years
 
Chapters:
00:00 Why most exits underperform
03:00 How practices are really valued (EBITDA & add-backs)
08:30 Buyers: Associate vs Corporate
13:40 Deal components: cash, JV equity, private stock, earn-out
21:15 Real estate & team retention
25:30 Your “magic number” & wealth-gap math
30:00 Action plan before you list
_________________________________________________________________________________
 
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0
 
 
Get Social With Us
Website: https://www.econologicsfinancialadvisors.com
LinkedIn: https://www.linkedin.com/company/econologics
Facebook: https://www.facebook.com/econologicsfinancial
Instagram: https://www.instagram.com/econologicsfinancialadvisors
X / Twitter: https://x.com/FinancialBeasts
Vimeo: https://vimeo.com/econologics
 
🔒 Disclaimer
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.
Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

How much money do you really need to live without financial stress? Most “gurus” throw out random numbers… but today, we break down the real wealth thresholds that determine financial freedom, security, and long-term stability for practice owners.
 
In this episode of the Financial Beast Podcast, Eric Miller (Chief Adviser & Co-Owner at Econologics Financial Advisors) and Eric Gersch, Financial Advisor, reveals the truth behind numbers like $5 million, $7 million, $10 million, and even $20 million—what each level actually means for your life, your income, your retirement, and your family’s financial future.
 
If you're a healthcare practice owner wondering how much net worth you really need to live your ideal life, this breakdown will change everything.
 
In This Episode You’ll Learn:
✔️ Why $5M is the true “minimum freedom number”
✔️ What $7M vs. $10M really means in lifestyle terms
✔️ How practice owners should structure wealth outside their business
✔️ The danger of listening to online financial influencers
✔️ The hidden expenses people NEVER factor into retirement
✔️ Why long-term care can destroy a weak financial plan
✔️ How to build “indestructible wealth” over time
 
CHAPTERS:
00:00 – How Much Money Is Truly “Enough”? 
00:32 – Welcome to the Financial Beast Podcast 
01:05 – The $20 Million Claim: True or Myth? 
02:11 – What Wealth Really Buys You 
03:14 – The Meaning of Indestructible Wealth 
04:23 – Ultra-High-Net-Worth vs. Real People 
05:08 – Why $5M–$10M Is the Real Target 
06:10 – Breaking Down a $20M Lifestyle 
07:32 – What $5M Actually Provides 
09:01 – The Case for $7M and Up 
10:14 – $10M: The Freedom & Charity Threshold 
11:24 – Real Costs People Forget (Healthcare, LTC, etc.) 
12:48 – Long-Term Care: The Hidden Wealth Killer 
14:07 – Why $5M Is the Minimum Target 
15:33 – The $7M Security Zone Explained 
16:44 – The $10M Wealth Comfort Zone 
17:52 – Real-World Client Examples 
19:03 – Why Influencer Money Advice Is Dangerous 
20:12 – Why “Get Rich Quick” Never Works 
21:25 – The Psychological Trap of Fast Money 
22:40 – The Path to Real, Stable Wealth 
23:51 – Final Thoughts & Episode Wrap-Up
 
_________________________________________________________________________________
 
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0
 
 
Get Social With Us
Website: https://www.econologicsfinancialadvisors.com
LinkedIn: https://www.linkedin.com/company/econologics
Facebook: https://www.facebook.com/econologicsfinancial
Instagram: https://www.instagram.com/econologicsfinancialadvisors
X / Twitter: https://x.com/FinancialBeasts
Vimeo: https://vimeo.com/econologics
 
🔒 Disclaimer
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.
Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com
 
Are you throwing money at “marketing” without a clear plan or real results?
 
In this episode of the Financial Beast Podcast, host Eric Miller sits down with healthcare marketing expert Carl White of MarketVisory Group to break down how to build a financially responsible marketing plan for your medical or dental practice.
 
Instead of chasing tactics, shiny objects, or the latest “funnel,” you’ll learn how to:
* Start with the right revenue and growth goals for your practice
* Tie your marketing budget to actual patient value and ROI
* Avoid the biggest mistakes practice owners make with agencies
* Decide when paid ads, local SEO, social media, and referrals actually make sense
* Build a simple, focused plan instead of 10 disconnected tactics
Whether you run a medical practice, dental office, or other healthcare practice, this conversation will help you see marketing as an investment that should support your long-term financial goals—not a random monthly expense.
 
CHAPTERS:
00:00 - Intro
01:34 - Welcome Back
02:27 - Marketing Strategies
03:29 - Passion for Marketing
06:15 - Financial and Marketing Similarities
06:55 - Journey into Healthcare Marketing
08:49 - Importance of Industry Specialization
10:04 - Understanding a Marketing Plan
11:00 - Marketing Budget Guidelines
18:24 - Essential Components of a Marketing Plan
22:20 - Common Healthcare Marketing Mistakes
25:38 - Location Considerations for Marketing
29:50 - Contacting Carl
32:41 - Outro
_________________________________________________________________________________
 
Want to schedule a free consultation?
Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0
 
 
Get Social With Us
Website: https://www.econologicsfinancialadvisors.com
LinkedIn: https://www.linkedin.com/company/econologics
Facebook: https://www.facebook.com/econologicsfinancial
Instagram: https://www.instagram.com/econologicsfinancialadvisors
X / Twitter: https://x.com/FinancialBeasts
Vimeo: https://vimeo.com/econologics
 
🔒 Disclaimer
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.
Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/