Unlocking Your Business Algorithm, With Brandon Seigel

In today’s business climate, we look to entrepreneurs to inject new ideas and bold action into top-heavy industries. This is especially true in today’s bloated healthcare system. In his new book, The Private Practice Survival Guide: A Journey to Unlock Your Freedom to Success, Brandon Seigel unveils the essential steps for creating and scaling a profitable private practice that delivers greatness.

As a seasoned private practice consultant, Seigel recognizes a commonality among these entrepreneurs — they’re driven by purpose, not just by maximizing profits. A challenge for many health care professionals, even after years of incredibly intensive training, is that they’re still novices in the world of business. Most have simply not been formally exposed to the fundamentals of entrepreneurship. As a result, private practices fail each day in America.

Seigel’s goal is to empower clinicians and help them forge careers as successful entrepreneurs in the midst of a challenging business environment.

He and Adam discuss the fundamentals that all private practice-preneurs must consider, including:

•  3 strategies for defining your business algorithm so you optimize your business model
• What common misperceptions and blunders can cause private practices to fail
• How to unlock success through key strategies — hiring top-level staff, securing positive cash flow, pinpointing effective metrics and employing efficient administrative systems
• How to evaluate your risk tolerance as it relates to your entrepreneurial spirit
• Why it’s important to define a short-term vision you can execute within 1 year, combined with a 5-year vision
• Why identifying your “out strategy” — or breaking point — will make you more strategic with goal setting
• How trends and limiting factors of health insurance affect your practice
• And so much more!

This episode covers the essential how-to questions — from defining a vision to developing a bulletproof business foundation. Tune in and learn all the steps necessary for creating a private practice that thrives.

The post Unlocking Your Business Algorithm, With Brandon Seigel first appeared on Business Creators Radio Show with Adam Hommey.