Revenue vs. Profit: What Employers and Employees Need to Know

What does it take to have a healthy practice?We need to talk about the difference between Revenue and Profit.  One good way to think about this is to ask - would you rather have a clinic that brings in $1,000,000 per year or $100,000 per year?  The answer?It depends on your PROFIT!Revenue does not equal profit; the sooner we recognize this and put more import on profit the healthier our businesses would be.This is also important for employees to understand!  You need to have at least a basic idea of how the business side works to have constructive conversations with your employer.In this 'sode we go over the difference between revenue and profit, how to stay profitable as a company and how to understand the finances of your business.   Whether you're an employer, a solopreneur or an employee, this 'sode is going to drop some knowledge bombs!Business MentoringWe're currently accepting applications again for business mentoring starting for cash-based pelvic PTs - if you'd like to be considered or learn more, you can find info on our Business Mentorship page!Shout Out and Get in Touch!If you're enjoying the podcast, please take a few seconds to take a screenshot and put it up in your Instagram Stories and tag Nicole (@nicolecozeandpt).  Or send us an email at [email protected] with your thoughts, questions or ideas.  We'd love to hear from you!About UsNicole and Jesse Cozean founded PelvicSanity Physical Therapy together in 2016.  It grew quickly into one of the largest cash-based physical therapy practices in the country.Get in Touch!Learn more at www.pelvicptrising.com, follow Nicole @nicolecozeandpt (www.instagram.com/nicolecozeandpt) or reach out via email ([email protected]).Check out our Clinical Courses, Business Resources and learn more about us at Pelvic PT Rising...Let's Continue to Rise!