What is it that you are good at? Are you doing what you love to do? Good leaders spend their time doing what they love and they are good at. In return, these efforts bring them a return on investment in their business, unlike others. Developing a team of people who support you and grow with you is key to growing your business.
Do not miss these highlights:
01:02 We usually think we need to do it all, finding ourselves wearing all these hats
01:47 Why you need to focus on where your strengths are
02:25 You can outsource somebody who can do better, more efficient and at a cheaper rate
04:33 Just because you can do a task doesn't mean you should do a task
04:46 As a leader you are helping your team to grow not only as a practice but as individuals
05:58 Things that we're not good at, we're gonna put off
06:32 The exercise that is going to allow you to see what it is that you like to do
11:10 The goal is getting yourself known, create revenue that doesn't require so much of your time, so you can spend your time doing the things you love
Transcript of Episode #17:
0:01You're listening to the functional medicine business podcast featuring Dr. Deb, one of the most creative functional medicine business practitioners in her industry. She shares the wisdom and knowledge that she has gained over 25 years of functional medicine, a pioneer in functional medicine, scheduling, leadership and Practice Management. Dr. Deb has a wealth of knowledge and is eager to share to help functional medicine become more productive, and for the practitioners and patients to live better lives. Our podcast shares the good and the bad of our industry. Because Dr. Deb knows the pain you live every day building a functional medicine practice with practical tools on how to manage money, taxes and patient care. She will discuss it all with you.
0:54Welcome back to FMBI podcast. I'm your host, Dr. Deb. Today, we're going to focus on your strengths. You know, oftentimes, it's easy for us to think we can be the jack of all trades, especially in business. When we start out in business it's usually us wearing 50 different hats. We are doing the hiring, we're doing the firing, we're seeing the patient, we're doing the bookkeeping, we're doing our own schedules, we're doing our website design and our marketing. And we're wearing all these hats. We're doing all these things. And we get into this position where we think that we need to do it all. But I want to challenge you a little bit today to think about focusing on what are your strengths? And what is it that you love to do? Because I think once we focus on where your strengths are, we can work backwards and take some of these stressors off your plate of things that you've been doing over and over and over again, that you don't really need to do because somebody else can do them better, more efficiently and cheaper.
2:05So the first thing I want to challenge you to think about is what is your hourly rate right now? And then what is your ideal hourly rate? So for instance, if your hourly rate right now is $200 an hour, maybe you want to be $400 an hour. Okay? That is great. Now, I want you to write down on a piece of paper, all of the things that you're doing that you would have to well, let's back up, I want you to write down on a piece of paper, all the things that you're doing that are less than a $400 an hour job. Because these are the things that we can offset to someone else to do that's better and more efficient than you are.
2:51So for instance, if you're doing your web design, you can find somebody to do web design for less than $400 an hour, we can go over to Upwork or Fiverr. And we can see what somebody is charging per hour to do this work. Most of the time, it's going to be between $40-$60 an hour for a web designer on occasion, you're going to find somebody that's around the $20 mark, and a whole bunch of other things in between,
