Virtual Live - The Keys to Unlocking Growth: Overcoming Predictable Barriers Faced by Every Owner

Separately Ticketed Event. This session is presented as a pre-recorded presentation with an interactive Q&A with speakers.

Have you ever wondered why the majority of physical therapy private practices have two or fewer clinics? Have you noticed some companies thrive until they reach a certain size, only then to get stuck and struggle with new issues? This is not a coincidence. In fact, 85% of US companies have fewer than 10 employees, and only 1% reach $10 million in revenue. Why does this happen? Predictable barriers to growth occur for most businesses at $1 million, $2 million, $5 million, and $10 million in annual revenue. Private practice owners can act intentionally to overcome these predictable barriers if they desire to grow.

In this session we will address exactly how what got you here, won’t necessarily get you to the next level. The company founder(s) could do everything in the beginning, but now talent needs to be intentionally developed and organized to achieve growth goals. As the team grows, it becomes more and more important to align company goals with owner and staff efforts. Alignment keeps everyone pulling the rope in the same direction and prevents wasted energy. Key results for each role should be consistently communicated in job descriptions, performance reviews, and bonus plans. Creating simple and consistent processes for tracking key metrics is necessary. Well-equipped leaders can act proactively to minimize resistance to change. Leveraging company values in hiring and reviews maintains a consistent culture as the company grows. Don't wait - start today by acting like the organization you want to be next year.