As I created the presentation I listed the top ten problems most health business owners face when trying to get an accurate P and L for their health businesses – and it was easy to see why very few owners have a handle on this vital part of their business.
One of the key problems is the inability of the accounting software or accountant to directly compare calendar month billings – with calendar month wages.
Think about it.
If you pay your team members weekly there is no way you can compare monthly billings to monthly wages – as in some months there are 4 paydays (eg Mondays) and in other there are 5 Mondays.
This is compounded again by the fact that in the following years – the month that had 4 paydays – may have 5 – which makes it impossible to compare your clinics monthly performance this year – to future or past years.
Now your accountant, bookkeeper , tax office and accounting software company don’t care about this – because as far as they are concerned – you are being compliant with your tax obligations and all is sweet.
However – you now don’t have an accurate and comparable P and L to use to make key business decisions
This always frustrated me in my health business – which is why, over the last 20 years, I have been using a different approach to the calculation of P and L in my businesses, and my clients health care businesses.
It is called the “10 Minutes a Month P and l System” – and it is exactly what i will share with you in the live and free online training session I have locked in for next week titled:
If you have already registered can I ask you to email me your key P and L questions, issues and concerns – so i can make sure I cover them in the presentation and also add them to the Q and A section a the end of the presentation.
If you have not yet registered for this FREE 60 Minute LIVE Online Training Session here is just some of what i will share:
– The exact Profit and Loss calculation method used by my most advanced private clients – which lets them know – in less than 10 minutes a month – exactly how much they are paying in admin wages, therapist wages, rent, and clinic costs – and where saving can be made.
– How to make your business infinitely more attractive and valuable to a potential buyer
– The 2 key roles of your accountant – and neither of them are to give you a workable P and L or to help you run your business more successfully
– The key number that lets you know when to expand into a new location- and if the rent at this new location is too high.
– The number which will give you the freedom to cut back your consulting and spend more time with your family and friends
– Why your current payroll system is making it impossible to know your monthly P and l and how to solve this instantly in your health business
When is the LIVE online event being held?
SYDNEY – Wednesday December 5th, 12 midday
LONDON – Wednesday December 5th, 1:00 am
LOS ANGELES – Tuesday December 4th, 5:00 pm
TORONTO, CA – Tuesday December 4th, 8:00 pm
Claim your FREE seat and find out more at:
This incredible and FREE online training session will also include an open Q and A where you will get the opportunity to ask your most pressing and urgent health business questions – this alone is worth attending the presentation.
Make sure you have your microphone turned on and active so you can interact and get maximal value from the presentation.
Claim your FREE seat and find out more at: