(#116) Time Management Habits that Block Profits #takeoffthecape
Scaling your business means to continuously grow your numbers and revenue while working less. Doing everything by yourself won’t lead to your business’ growth or scalability as it demands a lot of effort and time, which often results in burnout.
A lot of therapists who have a private practice simply redesigned a version of themselves being an employee at their job. The employee mindset is being brought to their business. That is something that has to be unlearned. In today’s episode, we continue the topic of time management habits that block profits, specifically on taking off the cape by learning how to delegate your tasks accordingly.
Remember, this is the prime time for you to build a profitable framework instead of slaving away your hours just to get paid by the hour and live check to check with no profit at the end of the month or year. If you're ready to build or upgrade your private practice the right way, visit the Dope Therapist Academy at https://doctortk.lpages.co/dta-march-2021/.
Podcast Goals:
- Learn how to be most efficient with your time by understanding the difference between working in your business vs working on your business
Episode Timeline:
- An overview on today’s topic (00:58)
- What does ‘working in your business’ look like? (02:27)
- What does it mean by ‘working on your business’? (04:12)
- Evaluate Yourself: Which type of business owner are you? (07:37)
- After you’ve evaluated yourself, what’s next? (09:49)
Are you ‘working in your business’? Or ‘working on your business’?
- Are you working your ideal amount of hours per week in your private practice, including other streams of income?
- With that ideal schedule, are you seeing the clients that are on your vision board?
- How do you delegate a task to at least one person so that you can use more of your time to be creative and deliver the services?
- Are you continuously seeing growth in your service numbers and bank account while working less?
Standout Quotes from Doctor TK:
- “If you're only saying yes to your ideal client... then that is a goal of working on your business, because that means you've created some type of structure working on your business so that you're not putting in too many hours in your business and you're still having profit.” (05:38)
- “You now have time because you've delegated tasks to create content, to add value to your business, while simultaneously seeing profits and deposits in your bank account every single day, week, quarter, and so forth.” (07:23)
- “My definition of working less is yes, you're still seeing the clients but you're not doing the other 10 hours+ a week to work in your business by making sure everything runs smoothly.” (09:05)
- “To open up a private practice does not automatically make you a business owner.” (10:49)
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