Practice Ownership Blueprint: Flourish Financially Featuring Carla Titus EP119
Welcome to another insightful episode of Thriving Practice, where we dive into the crucial world of strategic financial planning with our esteemed guest, Carla Titus. With over a decade and a half of financial expertise, Carla has honed her skills in guiding practice owners to not only survive but thrive in the competitive business landscape. In this episode, we unpack her holistic approach to financial health and the transformative power of aligning money mindset with business operations.
Welcome to another insightful episode of Thriving Practice, where we dive into the crucial world of strategic financial planning with our esteemed guest, Carla Titus. With over a decade and a half of financial expertise, Carla has honed her skills in guiding practice owners to not only survive but thrive in the competitive business landscape. In this episode, we unpack her holistic approach to financial health and the transformative power of aligning money mindset with business operations.
Key Highlights:
Strategic Financial Planning: Carla discusses the essence of strategic financial planning for business owners. She explains why it’s not just about the numbers, but about the comprehensive strategy that encompasses all aspects of a business.
Mindset Matters: Learn how understanding and shifting your mindset around money can profoundly influence your business’s financial health. Carla emphasizes the importance of aligning personal values with financial decisions.
Profit Margin Management: Discover the tactics for managing profit margins that can lead to improved financial health for your business.
Reframing for Performance: Hear how reframing beliefs to align with company performance is a critical step in ensuring your business’s success.
Business Health Essentials: Carla breaks down the key components of ensuring business health, including the identification of growth opportunities and the diversification of revenue streams.
Data-Driven Decisions: We discuss the importance of making intentional, data-driven decisions for sustainable development and how this approach can lead to more impactful results.
Proactive vs. Reactive: The conversation delves into the significance of proactive financial strategies over reactive ones, and how maintaining control over finances leads to greater freedom.
Foundational Strength: Learn why establishing a solid business foundation and maintaining accurate bookkeeping are non-negotiable for long-term success.
Leveraging Expertise: Carla advocates for leveraging professional financial services to enhance decision-making and provides tips on how to choose the right services for your business.
Takeaway Message:
Carla Titus shares her wealth of knowledge, offering practice owners the tools to ensure their business is not just surviving but prospering. Her approach to financial planning is not about restriction but about creating freedom and opportunities for growth through strategic, intentional actions. Tune in to transform the way you think about and manage your business finances.
Resources Mentioned:
Wealth and Worth Within: Carla’s company that provides financial planning services tailored for practice owners.
Financial Health Checklist: A downloadable resource from Carla’s website to help listeners evaluate their business’s financial health.
If you’re ready to take control of your business finances and align your financial strategy with your personal values for long-term growth, don’t miss this episode with Carla Titus. Remember to subscribe, share with fellow business owners, and leave us a review!
Carla’s Bio:
Carla is a finance expert with over 15 years of combined corporate
financial planning, analysis, strategy, and online businesses experience. She provides fractional CFO services and financial consulting to business owners looking to grow their business profitably. Her mission is to empower business owners to achieve financial clarity and peace of mind, so that they can get back to what they enjoy.
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Host Spotlight: Balancing Work & Life in Medicine EP 118
In this episode, we’re shaking things up. Our Manager of Operations and PR, Miranda Dorta, interviews our host, Tracy Cherpeski. We dive into the essential conversation around work-life balance, particularly in the demanding lives of medical professionals. Our main theme revolves around the urgent need to shift from the relentless ‘hustle culture’ to a more sustainable approach that values self-care, reflection, and personal growth.
In this episode, we’re shaking things up. Our Manager of Operations and PR, Miranda Dorta, interviews our host, Tracy Cherpeski. We dive into the essential conversation around work-life balance, particularly in the demanding lives of medical professionals. Our main theme revolves around the urgent need to shift from the relentless ‘hustle culture’ to a more sustainable approach that values self-care, reflection, and personal growth. Here’s what we discuss:
The Quest for Balance: We discuss the importance of not just spending time, but to invest it wisely in yourself, highlighting the significance of nurturing both the personal and professional aspects of life.
The Slow Movement: We explore the idea of slowing down and how it allows for relaxation and structured reflection, contrary to the fast-paced environment that many medical practitioners are accustomed to.
Daily Rituals and Incremental Progress: The conversation touches on the benefits of establishing daily routines that foster gradual improvements and the importance of acknowledging personal milestones along the path to achieving one’s ideal life and career.
Thriving Practice Community: A focal point of our discussion is the introduction of a supportive community designed for medical professionals. This community serves as a platform for sharing insights, experiences, and offering encouragement amongst an international community of peers.
Key Themes for Medical Entrepreneurs: We highlight the specific themes that resonate with the community, including entrepreneurship, learning from setbacks, and supporting fellow medical business owners in their journeys.
Invitation to Engage: Medical professionals are encouraged to join the Thriving Practice Community to dive deeper into these topics, benefit from mutual support, and connect with individuals who share similar challenges and aspirations.
Stay tuned for an enlightening conversation on finding harmony in the hustle and how taking a step back can actually propel you forward in both your personal life and medical career.
Connect With Us:
Schedule Strategy Session with Tracy
Thriving Practice Community Instagram
Miranda’s Bio:
Miranda Dorta, B.F.A. (she/her/hers) Residing in the City of Oaks, Miranda Dorta is a creative storyteller and operations guru. Miranda graduated from Savannah College of Art and Design (SCAD) in 2020 with a B.F.A in Writing and concentrations in Creative Writing and Fashion Journalism. Miranda has a skilled history working in public relations, publishing, retail management, operations, and social strategy.
At Tracy Cherpeski International, Miranda joined the company as an Administrative Assistant in 2021 and now is currently serving as the Manager of Operations and PR as of November of 2022. Miranda has developed a strong expertise in managing the operational aspects while effectively handling public relations and communication strategies.
Tracy’s Bio:
Tracy Cherpeski, MBA, MA, CPSC (she/her/hers) Founder. Consultant. CEO. Coach. Host. Mom.
Tracy is a Business Consultant and Executive Coach. She helps her clients take back their time and scale their practices without sacrificing their wellbeing.
Tracy’s consulting and coaching programs help her clients with strategic planning, leadership and mindset mastery. She believes in the unlimited potential of people, and loves to celebrate the success of her clients and their teams.
Tracy founded Tracy Cherpeski International in 2011 and serves clients all over the world.
Tracy's biggest WHY - her two beautiful children, who inspire her to reach higher and further every day. She lives with her family in Chapel Hill, NC, and serves clients around the world.
Tracy is also Executive Producer and Host of the Thriving Practice podcast.
Tracy’s professional and personal philosophy: Survival is not enough; life is meant to be celebrated.
Build Your Dream Team Featuring Dr. Mike Neal EP117
Tracy welcomes Dr. Michael Neal, Optometrist and CEO of Build My Team to explore the concept of talent certainty and its impact on building a successful team and operating a successful practice.
Tracy welcomes Dr. Michael Neal, Optometrist and CEO of Build My Team to explore the concept of talent certainty and its impact on building a successful team and operating a successful practice.
Dr. Mike and his wife realized they were hiring their staff the wrong way, and it was costing them in terms of finances, time, energy and high stress levels. By prioritizing hiring the right people, their practice experienced financial growth, reduced headcount, increased patient care volumes, and significantly higher net income. Build My Team was born out of this realization, and now serves clients in over 40 states in various practice areas.
We discussed the three steps to hiring the right people:
Finding suitable candidates
Assigning candidates appropriate roles
Empowering them to take charge
The advantages of working with a service like Build My Team are innumerable, and include:
Stress reduction
Taking back precious time
Offering providers and their teams the ability to focus on what’s most important to inside and outside of work
Traditional hiring methods are outdated, and the importance of assessing skills for a suitable position cannot be understated.
If you have struggled with filling roles in your practice, this episode will help you see how you can do it differently, setting yourself and your team up for success.
Join us to learn how to hire the right way.
Dr. Neal’s Bio:
Dr. Neal is a practicing Optometrist alongside his wife, Dr. Amy Neal. Together they founded Lakeside Vision in picturesque Hawley, Pennsylvania. They are celebrating their 20th year of servicing Northeast Pennsylvania.
Downtime is spent with Amy, their two boys and two dogs. Both Drs. Neal have recently taken up running and even run when not being chased.
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