Episode 193 | Knowing When to Stop Growing

The Group Practice Exchange

Hey Group Practice Listeners! This episode is going to be quick and exciting! Join me as I talk about how to know when to stop growing your business. While this topic is quite ambiguous, I will go through all the reasons why it’s important for your business in the long run.

In this episode we cover:

• What does the law of large numbers tell us about the state of our business?
• When to know when you're reaching market maturity.
• Understanding when it’s better to take a break from growing your business.
• Reducing burnout by recognizing your inflection point.
• Keeping your business healthy by pruning unnecessary services.

This episode is sponsored by TherapyNotes. TherapyNotes is an EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. I use TherapyNotes in my own group practice and love its amazing support team, billing features, and scheduling capabilities. It serves us well as a large group practice owner.

Do you ever wish for a financial therapist who could relieve you from the last few months’ bookkeeping, talk you off the edge when you're running into issues with Quickbooks, or help you work through a profit plan for growth? GreenOak Accounting does just that! GreenOak Accounting is an accounting firm that specializes in working with group practices. Their value goes WAY beyond bookkeeping; they can help you get on track for financial success. Schedule a free consultation by going to http://greenoakaccounting.com/tgpe