How to Determine the Financial Health of Your Private Practice
Financial literacy isn’t usually part of the dietetic school curriculum - learn how to assess the financial health of your private practice!
Does your private practice need a financial health check up?
Do you feel like you lack some basic business and financial knowledge to run a successful private practice?
We get it ! Financial literacy isn’t usually part of the dietetic school curriculum.
You know the top reason people either fail or get out of private practice is that they are struggling financially.
Understanding what you need to learn about the financial side of private practice is KEY to stressing less and managing your money better.
- Are you making money or losing it?
- What expenses can you cut or do without?
- Do you have any wiggle room in your budget to make new purchases?
- Do you have the appropriate amount of money in reserves?
If you don’t know the answers to the above questions, you’ve come to the right place!
Hi there! I’m Susan Watson, registered dietitian, intuitive eating certified counselor and owner of A Little Nutrition, a thriving nutrition counselling company with a team of 8 dietitian nutrition coaches , two full-time employees and 6 Winnipeg office locations. I use to have a career in sales before becoming a dietitian and ran two other independent businesses. Let me show you how to do a financial check up on your business and make sure you are hitting your earning potential!
The business end of running a private practice can be challenging for many of us nutrition entrepreneurs, and it is not enough to simply know what your private practice made last year.
You need to have your finger on the pulse and know what YOU made last month, too!
If you run your business armed with updated information about your finances, you can make changes that will positively impact your operating expense ratio.
We get it, evaluating your business financial numbers might not seem like the most exciting thing to do with your time, but it will certainly be the best return on your investment and is essential to running a profitable business.
Dreading the idea of taking a magnifying glass to your finances?
Don’t worry, we have you covered! We’ll start at the beginning, outline what you need to do right away to ensure long-term financial success.
Susan is going to dive into the actual ratios and targets that you should be meeting to ensure the financial health and success of your business. We will take a detailed look at those business numbers, making sense of them!
Whether you are a single practitioner or run a group practice, this information will ensure the financial health of your business and can empower you to make smarter decisions for future growth and profitability.
In this workshop you will learn how to:
- Perform a financial check up on your solo or group practice
- Determine if you are earning your full potential
- Identify your financial metrics and ratios
- Determine where you are losing time and money
- How to turn things around, if needed
PLUS! Susan's swipe-copy spreadsheet so you can start your financial assessment RIGHT AWAY!
Excited? Let’s do this!
Frequently Asked Questions
Ready to determine the financial health of your business and feel CONFIDENT in managing your money like a BOSS?
Then this workshop is for you!