In conversation with Gayle Parnham and saving money with an Accountant

In today’s Osteobizness episode, Director and founder of GWA Accountancy, Gayle Parnham joins the show. Gilly and Gayle dive into the financial and strategic decisions you need to make in order to scale your practice and accelerate growth. Why taking a loan isn’t a bad thing and how building your team helps to build the foundation for growth.

 

Clinic not working perfectly? Book a free chat with Gilly to find out how to fix it! bit.ly/osteobizchat

 

KEY TAKEAWAYS 

 

One of the most common pitfalls business owners face is trying to take on everything themselves, but the challenge is ‘how do you manage to do everything when you've got limited resources?’ Far too often people focus on saving costs rather than the time aspect of doing that task themselves costs.

 

You must evaluate if certain tasks are worth your time or If they can be outsourced at a cost so that you can see more patients. Otherwise, you may be reducing your own turnover by not sticking to your primary skillset. 

 

To scale your practice and accelerate the speed of growth sometimes it’s beneficial to take out a business loan when you factor in how long you want to run your practice. Depending on your goals, a financial loan could help you grow your client base quicker and provide you with more working capital as a result.

 

Building a team within your practice can actually save you money in the long run and you can build business relationships that become instrumental in helping you create a self-sustaining and profitable practice with happy patients generating you an income. 

 

BEST MOMENTS
“You could be doing yourself out turnover and instead be increasing the number of patients you see.”

“There's always solutions to a lack of finances, it could be taking on a loan or finance so that you can get yourself a better footprint in terms of profitability quicker.”

“Before hiring, ask yourself does this role really add value to my business and can the money be earnt from the role?”

VALUABLE RESOURCES
The Osteobiz mastermind

www.osteobiz.as.me/consultation

www.osteobiz.com

CONTACT METHOD

https://www.instagram.com/gillywoodhouse/
[email protected]
https://business.facebook.com/Osteobiz/

ABOUT THE HOST

Since 2013, Gilly Woodhouse has been inspiring and developing Osteopaths, other healthcare professionals and their clinics. With a wealth of entrepreneurial skills gained over a lifetime of creating businesses from scratch both in the UK and abroad, Gilly shares these experiences as well as illustrating how her clients have vastly improved their practices by streamlining operations and improving their marketing skills. The Osteobiz team of six now comprises Osteopath clinic owners or members of an Osteo family and together support over 100 worldwide clinic owners.

Topics covered are marketing, operations, team management, legacy and exit strategy, operating procedures, gold standard patient care, tech support, boundaries and so much more.

ABOUT THE GUEST

Gayle Parnham is the Director and founder at GWA Accountancy Chartered Accountants and Financial Controller at Powell Cinema Engineers. Gayle specialises in accountin