In this episode, you'll discover:

• How do Remarkable CEO’s steward their finances
• Who is on YOUR financial team
• Creating your own Family Office-like financial system
• What you focus on amplifies
• Wealth is not generated - it’s captured

Episode Highlights

00:53 - Introduction of Paul Ludacka and Reem Rawashdeh from the Ludacka Wealth Partners.

03:28 - The importance of long-term financial planning that extends beyond the individual to include family and future generations.

05:26 - The importance of financial literacy and the impact of early financial education.

06:49 - Teaching financial habits and the power of compounding to the younger generations.

09:41 - The significance of having a proper perspective on money and using it as a tool for good.

13:56 - Common blind spots in financial planning for chiropractic business owners.

15:37 - The importance of focusing on what you do best and building relationships with amazing people.

20:11 - Building the dream team of experts and the benefits of communication and accountability within your financial planning.

24:25 - Expanding the term of team to beyond your internal team but as part of your network outreach.

30:16 - The importance of stewardship and being faithful with small amounts of money.

32:52 - Having reporting systems and meeting rhythms for financial accountability.

34:42 - Preparing for the next generation and ensuring they are financially literate.

37:33 - Having boundaries and working within constraints to achieve better financial outcomes.

41:09 - Understanding the difference between a busy practice and a successful one.

Resources Mentioned

Register now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/

Learn more about the Ludacka Wealth Partners at https://www.ludackawealthpartners.com

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

In this episode, you'll discover:

• Knowing your numbers enables you to make decisions boldly and with peace of mind
• Understand the economics, because accounting is the language of business
• The Return-On-Investment vs Return-Of-Investment, know the difference
• Put on your Investor hat whenever you’re hiring an associate and get your comp plans right

Episode Highlights

01:26 - The importance of the associate doctor relationship focusing on the compensation model to avoid common failures.

04:22 - The need for maturity and sophisticated growth for successful chiropractic practice scaling.

06:14 - Taking the long-term perspective when hiring, encompassing a three-year business view with ROI considerations.

07:07 - Viewing business decisions with an investor mindset for future returns.

10:07 - Importance of casting a vision for associates and ensuring they see growth potential.

14:43 - Challenges in scaling chiropractic practices and the need for a structured system

17:59 - The Seven-figure business framework based on revenue per employee (RPE) and patient visit metrics

22:55 - Utilizing Revenue Per Employee (RPE) as a wellness metric for practice evaluation

25:02 - The importance of assessing RPE regularly as a critical economic health indicator

28:10 - The significance of data-driven decision-making in business leadership to avoid emotion-based choices

34:56 - Join REM Coach, Dr, Chris and he sits down with Success Partner, Justin Maxwell from Big Life Financial. Justin shares his inspiring journey from grappling with financial ceilings to mastering wealth management, and how he now dedicates his expertise to helping chiropractic office owners achieve financial clarity and growth. Dive deep into Big Life Financial’s unique family office approach, tailored specifically for high-impact businesses, and unveil the systems, strategies, and professional support that can drive significant returns on investment. If you're a chiropractic CEO looking to maximize your business’s financial potential, this interview will provide invaluable insights on elevating your financial strategy and making a lasting impact.

Resources Mentioned

Watch an instant replay of the "7 Figure Associate Doctor Compensation Plan Model" webinar here: www.theremarkablepractice.com/podcast-ep274-rem-asc-webinar

Register now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

For more information about Big Life Financial please visit: https://www.biglifefinancial.com/

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

You cannot scale without making multiple ascensions…

How fast and how far you go in business is up to you. You have the opportunity to ascend from Operator to Manager to Leader to Governor to Investor. Where are you right now? Who are you to your business? Who does your business need you to be NOW? Where does your business need you to go NEXT?

Check-out this compelling business conversation between a couple of CEO’s and great business minds. Dr. Nick has replaced himself 3 times so far…each time more successfully than the last. Listen-in and learn from a Founder who has just replaced himself as CEO…and hear what his new CEO, Jason Barnes, has to say about the experience.

The secret to success? Don’t repeat mistakes. Yours or others. Listen-in and learn.

Episode Highlights

00:53 - Introduction of Dr. Nick Silveri and Jason Barnes and how they met through the TRP immersions.

02:36 - The challenges of letting go of control as an entrepreneur and the transition from clinician to CEO.

06:24 - The importance of hiring people who are better suited to specific roles to scale the business.

10:00 - Misconceptions about becoming a CEO, noting that it doesn’t mean you must give up the parts of the business you love.

13:32 - The value of delegating responsibility and allowing specialists to focus on what they do best.

16:36 - How a leader’s strength can become a weakness for the organization if not managed correctly.

20:37 - The importance of leveraging other people's expertise for growth.

23:03 - The "law of ones and threes," explaining that different stages of growth require different teams and strategies.

28:56 - The value of business coaching such as the TRP’s CEO program, to help refine your leadership skills.

Resources Mentioned

Register now for the Remarkable Attraction Immersion here: https://theremarkablepractice.com/attraction-immersion/

Watch an instant replay of the "7 Figure Associate Doctor Compensation Plan Model" webinar here: www.theremarkablepractice.com/podcast-ep273-rem-asc-webinar

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business