40 years and Counting - Building Business Success in Therapy Practices- What Matters Most
Because there are so many therapist podcasts out there, I was hesitant to throw my hat into the podcasting ring so late in the game. Until I realized what a great vehicle it is to share information, something I have been committed to doing in the therapy community for the last 20 years. Sixteen years ago, when hard copies and hand held papers were the norm, I was the business columnist for Merion Publications, who published the OT Advance. 76 columns and 10 years later, the Taking Care of Business column ran its course, a victim of the demise of print media. I firmly believe most of the messages, content and material remain foundational and timeless. And that after 40 years in the field, I have a good idea of what matter most… Looking forward to updating the columns and pivoting them to podcasts! In addition, starting with Episode #4, I will be start each podcast by sharing any relevant NYTimes articles that pertains to the intersection of business and health. Another 40 is the number of years I have read the NYTimes. It has given me such useful, thought provoking information over the years. i know many therapists I consult with are not from the NYC area and may not have ready access to the Times so I am looking forward to sharing relevant articles and stories.
40 years and Counting - Building Business Success in Therapy Practices- What Matters Most
Episode 11: Creating Multiple Revenue Streams in Your Practice and in Your Life
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Iris Kimberg, MS PT OTR
Tomeico Faison and I talk about building in multiple revenue streams in your practice as a way to mitigate, not increase your risk, to strategically grow a practice, add value to current clients, provide learning opportunities for staff, and help to preventpotential burnout and ultimately add value to practice at the time of sale.
Of course. we also discuss pitfalls to watch for including an existing infrastructure that does not accommodate new revenue streams, and what can happen if you are too distracted or differentiated from your distraction from core practice and competensies.
And yes, we do discuss using success of therapy practice to venture into other unrelated areas/ business etc. Enjoy!