I’ve written extensively on really taking command of the direction of your practice, and your life as a powerful economic stimulus.
In reality, it’s all you have in private practice. There are some really simple ways to do this such as benchmarking, but before we talk about that, here’s an “Economic Summit” reality check-up.
If I told you right now there are doctors like you doing 7 figures cash/year, would you believe me?
If not, why?
Likely, it’s a very limited worldview on what you can really accomplish with all the correct systems and tools. And far too often, this is so defeating if it takes place early in ones career.
If I also told you Concierge MDs are collecting 10-15k per patient per year cash, and these same patients gladly pay, and in fact request that type of healthcare, and also pay health insurance premiums, what does that say about how you value, and price your services?
We’ll touch more on this very topic, with some really incredible guest instructors for members, in the near future. Some absolutely brilliant ways to look at life and practice in this brave new world. Yes, even in a down economy.
Well, here is another huge economic management tip.
Regular benchmarking of your results against your goals helps put you at the head of the class.
There is a real easy way to get this done. This tip alone might put another 10K in the income column this month.
The first thing to do is take your list of basic daily, weekly and monthly targets. Higher performing CEOs/CFOs do this daily. Use your white legal pad, but better yet for this one is an Excel spreadsheet (because you can graph it easily and tweak it in all sorts of ways).
My basic daily targets are body weight, miles run or cycled, hours skied, services and income, dollars saved. Yours might be totally different, as it should be. You really can do some incredible things with these numbers, but resist that temptation in the beginning.
Put your goals or targets (BOLD) on one axis, and simply enter your results on another. Save room for notes, photos, and maybe even video clips.
Next, post this somewhere you can see it all the time during the day. Admittedly in the office, maybe it’s in your portfolio, which you pull out during the day, or simply, hidden on your desktop or handheld. Just be sure to look at it at least once daily.
Here’s why this is so powerful. Because it’s a glimpse of right now.
Many people who have trouble setting goals find new life with this method. It keeps you in the moment as well. For us type A’s, it can actually be a better way of dealing with “Futurizing”, which some might say is an unhealthy psychological trait.
But to make sure you’re not deluding yourself, if you use daily targets, they must be the correct fraction of the weekly/monthly/yearly whole.
Just by doing this daily exercise, some great things start to happen. Many times, I have found breaking so many things in life down into daily pieces really simplifies accomplishment and helps move me forward instead of stalling or going into overwhelm.
Now, you are forcing yourself to look at your goals. In fact, now you have actually set goals!
Next, you are inspecting what you expect, automatically!
And finally, you are really taking advantage of a tremendously powerful principle.
That which can be measured, like your results, can be improved!
And herein lies the most powerful tip of all.
Continuing to improve your results and changing your targets to suit your desires in any endeavor is the ultimate in human accomplishment.
This single hallmark of a powerful life is shaping and molding that which we can control. It is creative energy harnessed. It is fulfillment vs. frustration. Happiness vs. resentment and regret.
When combined with all the other key components of Living and Practicing by Design™, it adds a totally new dimension to who and what you can become.
I invite you to visit here frequently for more tips about creating a sustainable private practice!
I wish you the best along your journeys!
Want to learn more about how to build your private practice?
Then Join my team experts for a free strategy session HERE
Have a great day!
The PPW team