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Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.
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269 - What Has the Biggest Impact on PROFIT?

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Manage episode 437886312 series 2800693
Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

In this episode, you'll discover:

  • The 3 drivers that impact profit - and the one that stands above the rest
  • Which has the biggest impact on profit:
  • Increase Price by 1%?
  • Decrease Cost / Expense by 1%?
  • Increase Volume by 1%?
  • The language of business is accounting, and you need to understand it.
  • Are you on track? Time to get your money metrics in order

Episode Highlights

02:20 - The significance of small actions, such as one encouraging word or going the extra mile, and how they can make a big difference.

04:58 - The concept of the "1% rule" and its relevance to making a bigger impact and income in their coaching business.

06:26 - The significance of profit margin and distributable cash in measuring the health of a business.

07:25 - The 1% Rule: Increasing Price, Decreasing Costs, and Increasing Volume

15:02 - A real-life example to illustrate how increasing price by 1% can significantly impact profit margin.

19:46 - The importance of having the right mindset and tools, such as the "Remarkable Money Metrics" PDF, to guide business decisions.

21:21 - Understanding business metrics and accounting to manage a business effectively.

22:28 - Testing market responses to price changes and recognizing the potential impact on other metrics like referrals and retention.

22:43 - The need for chiropractors to balance different metrics and recognize the competing numbers in their business.

27:45 - Join REM Coach, Dr, Chris as he sits down with Success Partner, Justin Maxwell from Big Life Financial. Justin shares his inspiring journey from grappling with financial ceilings to mastering wealth management, and how he now dedicates his expertise to helping chiropractic office owners achieve financial clarity and growth. Dive deep into Big Life Financial’s unique family office approach, tailored specifically for high-impact businesses, and unveil the systems, strategies, and professional support that can drive significant returns on investment. If you're a chiropractic CEO looking to maximize your business’s financial potential, this interview will provide invaluable insights on elevating your financial strategy and making a lasting impact.

Resources Mentioned

Download your copy of the REM Money Metrics here: https://theremarkablepractice.com/podcast-ep269-rem-money

Register now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

For more information about Big Life Financial please visit: https://www.biglifefinancial.com/

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

  continue reading

278 에피소드

Artwork
icon공유
 
Manage episode 437886312 series 2800693
Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Dr. Peter Camiolo and Dr. Stephen Franson, Dr. Peter Camiolo, and Dr. Stephen Franson 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

In this episode, you'll discover:

  • The 3 drivers that impact profit - and the one that stands above the rest
  • Which has the biggest impact on profit:
  • Increase Price by 1%?
  • Decrease Cost / Expense by 1%?
  • Increase Volume by 1%?
  • The language of business is accounting, and you need to understand it.
  • Are you on track? Time to get your money metrics in order

Episode Highlights

02:20 - The significance of small actions, such as one encouraging word or going the extra mile, and how they can make a big difference.

04:58 - The concept of the "1% rule" and its relevance to making a bigger impact and income in their coaching business.

06:26 - The significance of profit margin and distributable cash in measuring the health of a business.

07:25 - The 1% Rule: Increasing Price, Decreasing Costs, and Increasing Volume

15:02 - A real-life example to illustrate how increasing price by 1% can significantly impact profit margin.

19:46 - The importance of having the right mindset and tools, such as the "Remarkable Money Metrics" PDF, to guide business decisions.

21:21 - Understanding business metrics and accounting to manage a business effectively.

22:28 - Testing market responses to price changes and recognizing the potential impact on other metrics like referrals and retention.

22:43 - The need for chiropractors to balance different metrics and recognize the competing numbers in their business.

27:45 - Join REM Coach, Dr, Chris as he sits down with Success Partner, Justin Maxwell from Big Life Financial. Justin shares his inspiring journey from grappling with financial ceilings to mastering wealth management, and how he now dedicates his expertise to helping chiropractic office owners achieve financial clarity and growth. Dive deep into Big Life Financial’s unique family office approach, tailored specifically for high-impact businesses, and unveil the systems, strategies, and professional support that can drive significant returns on investment. If you're a chiropractic CEO looking to maximize your business’s financial potential, this interview will provide invaluable insights on elevating your financial strategy and making a lasting impact.

Resources Mentioned

Download your copy of the REM Money Metrics here: https://theremarkablepractice.com/podcast-ep269-rem-money

Register now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

For more information about Big Life Financial please visit: https://www.biglifefinancial.com/

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

  continue reading

278 에피소드

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