The Financial Beast Podcast for Practice Owners

Econologics Financial Advisors
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The Financial Beast Podcast for Practice Owners

In this episode we explain about the distractions that keep you from focusing on what matters most in building your business and your personal empire.

  1. 2D AGO

    Profit Margins Decoded: Build the Life You Want

    Are you ready to take back CONTROL of your financial destiny and build the life you’ve always envisioned? In this episode of the Financial Beasts Podcast, we decode how profit margins can empower you to maximize the value of your practice, expand your business, and achieve true financial freedom. Your profit margins shouldn’t be a random number—they should be a strategic tool to fund the life you desire both now and in the future.   Join Eric Miller, co-owner and chief advisor of Econologics Financial Advisors, and Eric Gersch, Financial Advisor as they share expert advice tailored for practice owners like you. Learn how to align your profit margins with your lifestyle goals, reinvest in your business, and build personal wealth through actionable financial training. Whether you’re aiming to grow your business, secure your future, or simply improve your financial stability, this episode provides a clear, approachable roadmap to success.   As a trusted name in financial advising for healthcare practice owners, Econologics Financial Advisors is here to help you become a Financial Beast. Remember, the path to financial freedom starts with a plan—and the right advice!   Subscribe now and start taking control of your financial future. Let’s work together to design a business and life you’ll love. Your journey to wealth building starts here!   #financialeducation #financialsuccessblueprint #incomestatement #maximizingearnings #savingstrategiesrevealed   CHAPTERS: 00:00 - Intro 01:18 - Perfect Profit Margin Explained 01:48 - Ideal Profit Margin Guidelines 05:46 - Designing Your Desired Lifestyle 10:54 - Designing Your Desired Lifestyle (Continued) 11:31 - Ideal Clients for Our Services 15:51 - Ideal Profit Margin Guidelines (Continued) 17:10 - Analyzing Your Profit Margin 21:50 - Financial Survival vs. Security 22:05 - The Harsh Truth of Financial Survival 22:20 - Adapting to Financial Challenges 22:38 - Outro _________________________________________________________________________________   If you would like a free consultation, please visit econologics.com or call us at 727-588-1540   Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/   Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    23 min

  2. MAR 6

    The 4 Ps of Smart Investing Every Practice Owner Needs

    Are you ready to take back CONTROL of your financial future and build personal wealth like never before? In this episode of the Financial Beasts podcast, we dive into "The 4 Ps of Smart Investing Every Practice Owner Needs" to help you maximize the value of your hard work and pave the way to financial freedom. Whether you’re a healthcare practice owner or associate, this strategy-packed discussion will empower you to make informed decisions, avoid costly mistakes, and create a lasting impact on your business and personal wealth.   Discover how understanding the 4 Ps—People, Philosophy, Process, and Performance—can revolutionize your investment strategy. Learn from real-world examples and expert insights from Eric Miller and Eric Gersh of Econologics Financial Advisors, a trusted name in financial training for healthcare practice owners. We’re here to help you navigate the complexities of investing while expanding your business and achieving financial stability.   Start your journey to becoming a Financial Beast today! Take the first step by downloading Eric Miller’s free guide, "How to Become a Financial Beast," and explore actionable strategies to secure your financial future. Remember, knowledge is power—and with the right tools, you can take control of your financial destiny.   Subscribe to our channel for more expert tips, share this video with fellow practice owners, and let’s create a community of informed, empowered investors!   #financialeducation #financialsuccessblueprint #economicindependencepath #budgeting #growyourwealthwiththesesmartinvestingtips   CHAPTERS: 00:00 - Intro 01:16 - Horror Stories of Bad Investments 11:01 - The 4 P's of Investing 12:21 - Due Diligence on People 14:02 - Investment Philosophy 17:10 - Investment Process 20:13 - Investment Performance 23:20 - How to Evaluate Your Investments _________________________________________________________________________________   If you would like a free consultation, please visit econologics.com or call us at 727-588-1540   Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/   Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    27 min

  3. FEB 27

    Top Exit Strategies for Practice Owners in 2025 with Hosts, Eric Miller & Eric Gersch

    Ready to take control of your financial destiny and secure your future as a practice owner? In this video, we’ll equip you with the top exit strategies for practice owners in 2025 to ensure you maximize the value of your healthcare practice, achieve financial freedom, and build personal wealth like never before. Whether you’re considering selling to private equity, a competitor, or an associate, these expert tips will help you exit on your terms and set yourself up for lasting success.   Hosted by Eric Miller, co-owner and chief advisor at Econologics Financial Advisors, this episode breaks down how to prepare emotionally and financially for the biggest transaction of your career. Discover why timing, planning, and having the right financial advisor are crucial to becoming a Financial Beast and avoiding common pitfalls that could cost you time and money. Learn how to assess your practice’s value, identify growth opportunities, and build wealth beyond the sale of your business.   Econologics Financial Advisors specializes in empowering healthcare practice owners to elevate their financial experience. Start your journey to financial freedom by working with our trusted team. Subscribe now, and let’s make 2025 the year you exit smartly and successfully!   #prepareabusinessforsale #businesssalesexitstrategies #dentalpracticetransition #financialeducation #dentalpracticebroker   CHAPTERS: 00:00 - Intro 01:38 - Exit Planning Strategies 02:42 - Choosing the Right Advisor 05:17 - Preparing for Emotional and Financial Exit 14:53 - Planning Your Next Steps 17:49 - Exit Options and Preferences 19:45 - Valuing Your Practice 24:00 - Assessing Future Growth Potential 25:47 - Building Your Core Team 26:11 - Managing Office Dynamics 26:52 - Key Takeaways 27:02 - Smart Exit Strategies _________________________________________________________________________________   If you would like a free consultation, please visit econologics.com or call us at 727-588-1540   Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/   Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    27 min

  4. FEB 21

    Avoid These Common Partnership Disasters with Hosts, Eric Miller & Eric Gersch

    Avoid the pitfalls of bad partnerships and take back CONTROL of your financial destiny today!  Partnerships can either help you expand your business or lead to devastating financial and emotional consequences. In this episode of the Financial Beasts Podcast, Eric Miller, co-owner and chief advisor at Econologics Financial Advisors, uses his expertise to help you identify and avoid common partnership disasters. From learning how to align goals and roles with your partner to creating strong agreements that protect you, this episode has everything you need to build a thriving practice without the headaches of a bad partnership.   Discover how to maximize the value of the partnerships you create, build personal wealth, and achieve financial freedom by making smarter decisions. Whether you’re starting a new venture or looking to improve an existing partnership, this actionable guide will help you navigate challenges and create lasting success.   Eric Miller and the team at Econologics Financial Advisors specialize in helping healthcare practice owners like YOU elevate your financial experience. Their proven strategies are designed to turn your practice profits into personal wealth while avoiding common financial pitfalls. Remember—your financial freedom starts with taking control now.   💡 Ready to become a Financial Beast? Start building your wealth and expanding your business today! Subscribe for expert financial training and let us help you on your journey toward financial independence.   #partnershipsandcollaborations #financebusinesspartnering #partnershipcontracts #financialpartnershipmistakes #businesspartnershipsexplained   CHAPTERS: 00:00 - Intro 02:01 - Why Partnerships Go Bad: Common Issues 04:36 - The First Bad Sign of a Partnership: Warning Signs 08:29 - The Second Bad Sign of a Partnership: Red Flags 14:04 - What Makes a Bad Partnership: Key Factors 15:52 - The Importance of Agreements: Legal Necessities 18:00 - What is an Operating Agreement: Definition & Purpose 22:05 - How to Leave a Partnership: Exit Strategies 23:51 - What Happens if a Partner Dies: Consequences & Solutions 24:56 - Core Things to Have in Place: Essential Elements 26:00 - It's Never Too Late to Get on the Same Page: Reconciliation Tips 26:49 - You're Not Stuck: Finding Solutions _________________________________________________________________________________   If you would like a free consultation, please visit econologics.com or call us at 727-588-1540   Get Social with Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/   Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    28 min

  5. FEB 18

    Ready to Expand Your Practice? 7 Key Signs You Must Know with Hosts, Eric Miller & Eric Gersch

    Are you ready to expand your practice and take control of your financial future? In this episode, we outline the 7 key signs every healthcare practice owner must know before making the leap into expansion. It's not just about growth—it's about expanding the smart way, without stress, financial strain, or setbacks. Learn how to maximize the value of your current practice, build personal wealth, and set yourself up for financial freedom. Expansion is a critical decision for practice owners. Are you operating at max capacity? Do you have the reserves, systems, and team to support growth? What about your hiring strategies, organizational structure, and marketing plan? Eric Miller and the Econologics Financial Advisors team walk you through these essential indicators so you can expand with confidence and control. It's time to become a Financial Beast and take back control of your future! Econologics Financial Advisors specializes in wealth-building strategies tailored for healthcare practice owners. Our advice is rooted in years of experience helping professionals like you achieve success. Start building your financial freedom today! Visit Econologics Financial Advisors for resources, assessments, and tools to help you prepare for expansion. Don’t wait—your journey to becoming a Financial Beast starts here! Share this episode with a colleague and take the first step toward owning your financial destiny. #healthcaremarketing #financialgoals #budgeting #healthcaremarketingplan #financialplanningmistakes   CHAPTERS: 00:00 - Intro 02:02 - Business Expansion Strategies 09:05 - Building Business Reserves 11:27 - Understanding Business Debt 12:48 - Hiring and Training Systems 13:42 - Creating an Organizational Chart 15:21 - Ensuring Legal Compliance 19:00 - Developing a Marketing Plan 21:30 - Practice Expansion Checklist 21:45 - Getting Started with Financial Planning 21:59 - Free Financial Plan Review 22:09 - Accessing the Practice Expansion Checklist _________________________________________________________________________________   If you would like a free consultation, please visit econologics.com or call us at 727-588-1540   Get Social With Us! LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial YouTube: https://www.youtube.com/@FinancialBeast Twitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/ Website: https://econologicsfinancialadvisors.com/   Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    22 min

  6. FEB 6

    5 Ways to Skyrocket Associate Productivity with hosts, Eric Miller & Eric Gersch

    Ready to take back CONTROL of your practice and skyrocket associate productivity? In this video, we reveal five powerful strategies to maximize the value of your associates' contributions, helping you expand your business while aligning their goals with your vision for financial freedom. As a practice owner, your success depends on building a productive team, and we’re here to show you how to set clear expectations, boost confidence, and remove barriers to performance. From tracking revenue per employee to implementing delegation and speed strategies, these tips will empower you to inspire your team, increase profitability, and achieve your financial goals. Learn how to craft a bonus system that motivates your associates and connect their production to their personal financial aspirations—because when your team wins, you win. At Econologics Financial Advisors, LLC (‘EFA’), we specialize in helping healthcare practice owners like you become Financial Beasts, even in uncertain times. Our proven methods provide the education and tools you need to succeed. Take the first step toward financial freedom and start maximizing your wealth-building potential today! Subscribe now for more expert advice tailored to practice owners, and don’t miss out on the opportunity to expand your business with confidence. Let’s make 2025 the year you take control and thrive! Visit https://www.wealthforpracticeowners.com/ for your free download of the 27 Point Financial Checklist. #financialplanningforbusinessowners #increaserevenue #selfstorageinvesting #productivity #howtoincreaserevenueinyourbusiness CHAPTERS:00:00 - Intro01:53 - Eric's New Year's Eve Celebration02:41 - Revenue per Employee Analysis06:15 - Production Goals for Vet Associates09:18 - Production Expectations for Physical Therapists10:24 - Optometrist Production Standards11:02 - Dentist Production Requirements12:40 - Challenges for Owners in Associate Production13:16 - Building Confidence in Associates16:34 - Importance of Delegation for Associates19:00 - Strategies to Increase Associate Speed22:27 - Implementing Bonus Systems for Associates23:17 - Financial Planning Strategies for Associates25:09 - New Year Wishes and Reflections _________________________________________________________________________________ If you would like a free consultation, please visit econologics.com or call us at 727-588-1540 Get Social with Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/ Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    26 min

  7. JAN 30

    8 KPIs Every Practice Owner MUST Track for Wealth! Hosts: Eric Miller & Eric Gersch

    Ready to take control of your financial future and build the wealth you deserve? In this episode, we break down the 8 KPIs every practice owner must track to achieve financial freedom and maximize the value of your business. These game-changing key performance indicators will help you measure progress, cut through distractions, and focus on what truly moves the needle in your household and practice finances. From business growth rate to personal savings, effective tax rates, and creating passive income, these steps are your blueprint to becoming a Financial Beast. Discover how to save 7-10% of your revenue weekly, pay off personal debt in 5-7 years, and achieve a 20%+ profit margin in your practice. Learn actionable strategies to ensure your business and personal wealth are aligned for long-term success. Whether you're expanding your business or building a solid foundation for financial independence, these KPIs are essential tools for your journey. At Econologics Financial Advisors, LLC (‘EFA’), we specialize in helping healthcare practice owners like you take back control of their financial destiny. With proven systems and expert advice, we’ll guide you toward measurable success. Start your wealth-building journey today and turn your practice into a wealth-building machine! Visit https://www.wealthforpracticeowners.com/ for your free download of the 27 Point Financial Checklist. #capitaloptimization #kpi #performancemanagement #financialstabilityboard #budgeting CHAPTERS:00:00 - Intro02:13 - Critiquing Financial Influencers09:48 - Business Growth Rate Strategies11:20 - Saving Guidelines for Success12:39 - Systematizing Profit Taking13:22 - Paying Off Personal Debt Effectively15:36 - Understanding Your Effective Tax Rate18:06 - Importance of Business Reserves20:46 - Building Passive Income Assets22:30 - Analyzing Profit Margin in Business24:45 - Household Earned Income Insights26:55 - Recap of 10 Key Performance Indicators27:44 - See You Next Time _________________________________________________________________________________ If you would like a free consultation, please visit econologics.com or call us at 727-588-1540 Get Social With Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/ Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    28 min

  8. JAN 23

    Build Wealth the RIGHT Way as a Practice Owner with Hosts, Eric Miller & Eric Gersch

    Are you ready to build wealth the RIGHT way as a practice owner? Say goodbye to generic advice and take back CONTROL of your financial future with proven strategies tailored to your unique needs. In this episode, we break down the myths around financial advice and empower you to maximize the value of your business while building personal wealth the smart way. Stop following one-size-fits-all advice from influencers who don’t understand your journey as a healthcare practice owner. Learn how to focus on strategies that lead to true financial freedom and long-term success. At Econologics Financial Advisors, LLC (‘EFA’), we specialize in helping practice owners like you become Financial Beasts by creating a system that works for your business and personal goals. Whether it’s optimizing your income, minimizing taxes, or building a recession-proof strategy, this video gives you the tools you need to take control and expand your business with confidence. Don’t leave your financial success to chance! Consult with experts who understand your industry and can guide you every step of the way. Your financial freedom starts with the right plan. Watch now and take the first step toward mastering your wealth-building journey! Visit https://www.wealthforpracticeowners.com/ for your free download of the 27 Point Financial Checklist. #financialadvisorpracticemanagement #financialobstacles #howtogetmoreclientsasafinancialadvisor #budgeting #retirementplanning CHAPTERS:00:00 - Intro02:22 - Financial Influencers07:35 - Financial Advisors: Stocks and Mutual Funds10:28 - Financial Advisors: Retirement Accounts12:58 - Financial Influencers17:00 - Legacy Financial Institutions18:55 - Nefarious Financial Advice22:25 - Know What You Own in Investments24:41 - Avoid $200k Coaching Programs25:20 - The Broad Definition of "Financial Advisor"26:51 - Finding an Advisor for Your Industry28:10 - Avoid $100k Coaching Programs29:10 - Final Thoughts _________________________________________________________________________________ If you would like a free consultation, please visit econologics.com or call us at 727-588-1540 Get Social with Us!LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancialYouTube: https://www.youtube.com/@FinancialBeastTwitter: https://twitter.com/FinancialBeasts Instagram: https://www.instagram.com/financialbeastmode/Website: https://econologicsfinancialadvisors.com/ Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors.

    29 min
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In this episode we explain about the distractions that keep you from focusing on what matters most in building your business and your personal empire.

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