Paul Wright, Seven Critical Mistakes Which Reduce Profits, Increase Stress and Chain You to Your Health Business Healthy Wealthy & Smart

In this episode, Creator of Practiceology, Paul Wright, talks about 7 critical mistakes that healthcare professionals can make that can hurt their bottom line and their business in general.
Today, Paul talks about Perfectionist Syndrome, the implications of discretion, and doing your own PnL. What is the true role of your business?
Hear about the danger of falling in love with your product, packaging an outcome-driven solution, and maintaining effective recruitment and internal systems, all on today’s episode of The Healthy, Wealthy & Smart Podcast.
 
Key Takeaways
“If it’s [your business] robbing you of your life, it’s not what it’s there for.” “Find the hungry market and satisfy that need.” “If you’re not embarrassed by the first launch of your product, you’ve launched too late.” “To the blind man, the one-eyed man is king.” “If you haven’t upset someone by midday every day, you haven’t said anything really important.” “One of the single biggest and most effective things you can do in your practice is to tighten up the reporter findings conversation.” “Remove discretion at the operating level of your business.” “Once you are the only person that has that program, you can’t be compared on price.” “You can’t put a monetary value on family time.” “There’s no such thing as quality time with your family. Family time is quantity time.”  
More about Paul Wright
Paul Wright is a Physiotherapist and former owner of multiple allied health clinics in Australia (which he rarely visited). He is the author of the Amazon Best Seller "How to Run a One Minute Practice", founder of the Practiceology™ health business freedom program, and has helped thousands of allied health business owners across 57 countries, earn more, work less, and enjoy their lives.
 
Suggested Keywords
Healthy, Wealthy, Smart, Physiotherapy, PT, Business, Practiceology, Supply, Demand, Mistakes, Solutions, Healthcare, Entrepreneurship,
 
Resources:
Get a hard copy of "How to Run a One Minute Practice" ($4.95AUD. Use promo codes below)
Promo Codes:
Non-Australian Buyers: KARENOS (Get $15 OFF) Australian Buyers: KARENAUST (Get $5 OFF) Register for the next Practiceology demonstration
 
To learn more, follow Paul at:
Website:          PhysioProfessor.com
                        HealthBusinessProfits.com
                        OneMinutePractice.com
LinkedIn:         Paul Wright
 
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Read the Full Transcript: 
00:02
Hey Paul, welcome to the podcast. I'm happy to have you on.
 
00:06
Absolute pleasure to be here. What a boss.
 
00:09
I know it's so we're doing a little podcast swap here which I love. I love being able to swap podcasts with other hosts where you come on mine I come on yours and we get to know each other better. So it's been really great leading up to these podcasts. And today, you are going to talk about seven critical mistakes that healthcare practitioners can make. That can really hurt their bottom line and their business in general. But before we get to that, can you tell us your story of your career and how you ended up where you are so the listeners get a better idea of who you are?
 
00:52
Well, I'm I was born for a young Karen. Now I'