The Financial Beast Podcast for Practice Owners

What do you do when your healthcare practice loses 80% of its business almost overnight? Lisa Taglauer and her partners had spent years building their physical therapy practice. By 2019, they had grown to five locations, roughly 62 team members, and had just experienced their best financial year ever. Then everything changed. In March 2020, only days after the team met to plan their next phase of expansion, the business dropped 80%. Roughly half the team was laid off. Two clinics eventually closed. Hiring didn't meaningfully resume until 2023. But they didn't quit. In this episode of the Financial Beast Podcast, Lisa explains how her team rebuilt the practice by confronting weaknesses that had been hidden during the good years. You'll discover: • How a thriving physical therapy practice lost 80% of its business almost overnight • Why Lisa and her partners never seriously considered giving up • How the crisis exposed weaknesses that growth had hidden • Why financial reserves became a critical lesson • How leadership changed after the collapse • Why they started involving employees in strategy and execution • How better communication helped rebuild the organization • Why they completely redesigned their company core values • How they use Net Promoter Score and Employee NPS • Why employee engagement became a leading indicator for growth • How the practice returned to roughly 25% year-over-year growth • Why they're prioritizing culture before opening more locations • How owner distributions changed Lisa's view of successful leadership • Why they're already looking at the practice through the eyes of a future buyer • What healthcare practice owners can learn from their comeback This isn't simply a story about surviving a difficult period. It's about what happens when a crisis exposes the weaknesses inside a successful business, and how better financial discipline, leadership, communication and culture can create the foundation for a comeback. If you're a physical therapist, veterinarian, dentist, optometrist, chiropractor or other healthcare practice owner navigating growth, financial pressure or uncertainty, this conversation is for you. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 The Art of a Healthcare Practice Comeback 01:49 Building a Physical Therapy Practice 04:14 Opening Days Before Hurricane Katrina 07:31 From Record Growth to an 80% Collapse 10:06 Laying Off Half the Team and Closing Clinics 14:16 The Financial Weakness the Crisis Exposed 16:54 Rebuilding Leadership, Communication & Culture 24:19 The Metrics That Proved the Comeback Was Working 29:48 Reaching 25% Year-Over-Year Growth 30:50 Growing a PT Practice Without Overexpanding 32:59 Owner Distributions and Financial Recovery 34:44 Preparing a Healthcare Practice for an Exit _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Would you borrow $1.1 million to buy a dental practice at 28 years old? That's the decision Dr. Josh Drake faced only a few years after graduating from dental school. After joining an established practice as an associate, Josh was given the opportunity to buy into the business. The price tag was intimidating—but once he understood the cash flow behind practice ownership, the decision began to make sense. Nearly 20 years later, Josh joins Eric Miller on the Financial Beast Podcast to talk candidly about what dental practice ownership actually looks like after the acquisition. In this episode, you'll discover: • Why Josh took on a $1.1 million practice loan at 28 • How understanding cash flow changed his view of practice debt • Why mentorship made his transition into ownership easier • The financial buffer he believes every practice owner should maintain • Why a profitable practice can still consume everything it makes • The difference between being a great dentist and being a business owner • How marriage and children changed Josh's relationship with his practice • Why he realized the business needed to serve his household—not the other way around • How he began systematically moving money out of the practice and into personal wealth • What he learned from Profit First and “pay yourself first” • Why he brought his younger sister into the practice • The challenges of managing employees as a healthcare practice owner • Why Josh turned down an opportunity to sell to a DSO • The unanswered question surrounding his eventual dental practice exit • How building personal wealth creates more options when it's finally time to retire Josh's story demonstrates an important distinction for healthcare practice owners: Owning a successful practice and building personal financial independence are not necessarily the same thing. Your practice should be an engine for building your household's wealth—not the only place where your wealth exists. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 Building Wealth as a Healthcare Practice Owner 01:45 Deciding to Become a Dental Practice Owner 03:18 Learning the Business Side of Dentistry 04:04 Understanding the Value of Buying a Practice 06:26 Buying Into the Dental Practice 07:16 Taking On a $1.1 Million Practice Loan 09:13 Transitioning From Partner to Full Owner 11:07 Making Changes as a New Practice Owner 12:59 The Hardest Part of Managing Employees 14:52 Managing Dental Practice Cash Flow 17:53 When Your Practice Needs to Serve Your Family 21:52 Paying Yourself First as a Practice Owner 23:35 Bringing His Sister Into the Dental Practice 27:28 Should You Sell Your Practice to a DSO? 30:09 The Challenge of Planning a Dental Practice Exit 34:00 Building Wealth Outside Your Dental Practice _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

What happens when your healthcare practice keeps growing, but your profits disappear? Orit Hickman built Pain Science Physical Therapy into a million-dollar practice. One year, the business generated more than $1 million in revenue with roughly 12% profitability. The following year, revenue increased—but profit dropped to just 2%. Something had to change. In this episode of the Financial Beast Podcast, Orit explains how declining insurance reimbursements, rising salaries, increasing administrative costs and the growing burden of dealing with insurance companies pushed her physical therapy practice toward an unsustainable business model. Her solution was dramatic: drop roughly 65% of the practice's insurance contracts and begin transitioning toward a fee-for-service model. Today, the practice is seeing fewer patients while making more money. In this conversation, you'll discover: • How a growing practice can become LESS profitable • Why insurance reimbursement stopped supporting Ari's model of care • How administrative costs quietly consumed practice margins • Why she dropped 65% of her insurance contracts at once • The emotional difficulty of dropping Medicare • How she transitioned back from 45-minute to one-hour appointments • Why cash pay allowed her to rethink compensation for her providers • How she's transitioning toward a fully fee-for-service practice • Why practice owners need to put financial stability first • How Ari transitioned her identity from clinician to business owner • Why seeing fewer patients can sometimes produce a stronger business • How telehealth could allow Pain Science Physical Therapy to expand nationally If you're a physical therapist, veterinarian, optometrist, dentist, chiropractor or other healthcare practice owner dealing with shrinking reimbursements and rising expenses, Ari's experience offers an important lesson: More revenue doesn't necessarily mean you're building a healthier business. 🎙️ Subscribe to the Financial Beast Podcast for financial strategies, practice growth insights, exit planning and wealth-building strategies specifically designed for healthcare practice owners. CHAPTERS: 00:00 When Practice Revenue Goes Up but Profit Goes Down 01:39 Escaping the Insurance Reimbursement Trap 03:19 Why Orit Hickman Started Her Physical Therapy Practice 05:25 Growing From Clinician to Practice Owner 08:17 COVID, Rebranding & Declining Reimbursements 10:36 The Identity Shift From Practitioner to Owner 12:41 Why Practice Owners Must Prioritize Profitability 17:13 Getting Out of Patient Care Without Losing Quality 20:35 The Problem With Insurance-Based Physical Therapy 23:06 $1M+ Revenue but Profit Falls From 12% to 2% 27:21 Making the Decision to Leave Insurance 30:43 Dropping 65% of Insurance Contracts 32:58 Transitioning to a Cash-Pay Physical Therapy Practice 34:11 Seeing Fewer Patients and Making More Money 36:04 The Plan to Become Fully Fee-for-Service 40:07 Money Lessons From Building a Healthcare Practice _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most veterinary practice owners are excellent clinicians—but marketing is often an afterthought. That was easier to get away with when practices were overflowing with new patients. Today, competition is increasing, corporate veterinary groups are expanding, and pet owners are researching practices across Google, social media, reviews, websites, and even AI tools before they ever make an appointment. In this episode of the Financial Beast Podcast, Eric Miller sits down with Cebron Walker of Walker Creative to break down the marketing foundation every independent veterinary practice needs to compete and grow. You'll discover: • Why your website is still the foundation of veterinary marketing • The biggest mistakes veterinary websites make • Why stock photos can actually weaken your brand • How to optimize your Google Business Profile • Why recent Google reviews matter for local search • How social media influences the patient decision process • Why authentic photos and videos outperform generic content • How AI tools like ChatGPT are changing local recommendations • Why Google Ads won't fix a weak marketing foundation • How video and YouTube can improve visibility and trust • How your website can even help recruit veterinarians • The marketing advantages independent veterinary practices have over corporate competitors Cebron also explains why veterinary practices should focus on building a real online ecosystem—website, Google profile, social media, reviews, video and local SEO—before pouring money into advertising. If you own a veterinary practice and want more clients, stronger recruiting, and a brand that accurately reflects the quality of care you provide, this episode is for you. CHAPTERS: 00:00 Why Veterinary Marketing Matters Again 01:32 Meet Cebron Walker of Walker Creative 03:06 How Veterinary Marketing Changed After COVID 04:30 Why Independent Vet Practices Need Marketing Now 06:58 Your Website Is Still the Foundation 08:12 Stop Using Generic Veterinary Marketing 09:37 Optimize Your Google Business Profile 10:30 How AI Is Changing Veterinary Search 12:04 Who Should Manage Marketing in Your Practice? 14:01 Using AI Tools Without Getting Bad Advice 16:36 When Your Veterinary Website Needs a Makeover 19:44 What a Great Veterinary Website Looks Like 23:21 Why Google Ads Won’t Fix Bad Marketing 26:40 Website, Social Media & Profiles: The Marketing Foundation 27:19 How Pet Owners Actually Choose a Veterinarian 29:34 Who Should Run Your Social Media? 31:39 How Google Reviews Improve Local Rankings 34:23 Marketing Can Help You Recruit Veterinarians 37:27 Final Marketing Advice for Independent Vet Owners ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

What really happens when a physical therapy practice grows faster than expected? Billy Beaudreau DPT started Comprehensive Physical Therapy in 2020 without a single patient. Today, his company operates two Louisiana locations, owns its primary facility, and handles roughly 400–450 patient visits per week. But rapid growth created challenges Billy didn't anticipate. In this episode of the Financial Beast Podcast, Billy joins Eric Miller to break down the financial and operational reality of scaling a physical therapy practice—from hiring too quickly and carrying excessive payroll to managing cash flow, purchasing real estate, building a leadership team, and deciding when NOT to open the next location. Billy also shares how he and his wife eliminated more than $200,000 in student loan debt before launching the practice—and why that financial discipline gave him the foundation to become a business owner. You'll discover: • How Billy went from zero patients to 400+ weekly visits • Why hiring ahead of growth created payroll pressure • The cash-flow challenges nobody talks about during rapid expansion • Why more locations don't automatically create a more valuable practice • How Billy transitioned from practitioner to owner/executive • Why he paid off $200,000+ in student loans before opening • How owning the practice's real estate fits into his wealth strategy • Why Billy is deliberately slowing expansion before pursuing his 10-clinic goal • How the right CPA and financial team influence growth decisions • What practice owners should consider when building toward an eventual exit CHAPTERS: 00:00 The Reality of Rapid PT Practice Growth 01:39 Building a Physical Therapy Practice From Scratch 03:57 Starting Comprehensive Physical Therapy During COVID 05:02 Growing From One Clinic to Two 06:03 From Zero to 400+ Patient Visits Per Week 06:37 The Biggest Mistakes During Rapid Growth 08:01 Managing Payroll While Scaling a Practice 10:25 From Physical Therapist to Business Owner 11:21 The Goal: 10 Clinics in 10 Years 12:06 Paying Off $200,000+ in Student Loan Debt 16:11 Balancing Business Growth and Personal Wealth 18:12 Why Rapid Expansion Can Create Cash Flow Problems 21:20 Building the Right Financial Team 23:09 Buying Real Estate for Your Healthcare Practice 25:14 Building an Exit Strategy 27:19 Cost Segregation and Practice Real Estate 32:40 Paying Yourself as a Practice Owner 33:22 Increasing Revenue Per Patient Visit 34:40 The Financial Reality of Scaling a PT Practice Rapid growth can create tremendous wealth—but revenue, locations, and patient volume don't tell the entire story. Building a practice that serves your household requires balancing growth with profitability, cash flow, reserves, and personal wealth. 🎙️ Financial Beast Podcast Subscribe for financial strategies, practice growth insights, exit planning, and wealth-building strategies designed specifically for healthcare practice owners. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

What makes a successful healthcare practice owner walk away from everything they built? In this episode of the Financial Beast Podcast, Dr. Erin Holder shares the incredible story of building a seven-doctor veterinary practice from scratch, surviving the 2008 financial crisis, navigating COVID, and ultimately making the life-changing decision to sell her practice. You'll learn: • Why most practice sales have nothing to do with money • The financial mistakes nearly every healthcare owner makes • How better financial advisors and accountants changed everything • What burnout really looks like behind the scenes • How private equity acquisitions actually work • Lessons every veterinarian, physical therapist, optometrist, dentist, and healthcare practice owner should know before selling. If you're building your practice for long-term wealth—not just income—this episode is packed with lessons that could save you years of frustration. Your practice isn't just a business—it's your greatest wealth-building asset. The Financial Beast Podcast helps healthcare practice owners build wealth, improve cash flow, prepare for successful exits, and create financial freedom. CHAPTERS: 00:00 Why Most Practice Owners Really Sell 01:16 Meet Dr. Aaron Holder 03:04 Building a Veterinary Practice from Scratch 06:09 The Reality of Practice Ownership 09:38 Cash Flow Mistakes That Nearly Every Owner Makes 13:52 Preparing a Practice for Sale 16:00 The Moment She Decided to Sell 20:49 Why Money Wasn't the Main Reason 23:04 Choosing the Right Buyer 26:06 Negotiating the Sale 31:55 Life After Selling a Practice 38:00 Why Your Household Must Come First 40:08 The Future of Independent Practice Ownership 43:10 Final Lessons for Healthcare Practice Owners ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://econologicsfinancialadvisors.com/complimentary-consultation/   Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Growing your healthcare practice shouldn't mean living with constant financial stress. In this episode of the Financial Beast Podcast, Eric Miller asks Dr. Cassandra Cruzen how she transformed a one-doctor veterinary practice into a thriving five-doctor business while creating systems that eliminated the financial anxiety many practice owners experience. Discover how separating money into dedicated financial buckets helped her prepare for taxes, build retirement savings, hire great associates, develop leaders, and create a business that can eventually operate without her. Whether you're a veterinarian, physical therapist, optometrist, dentist, chiropractor, or another healthcare practice owner, you'll walk away with practical financial and leadership strategies you can apply immediately. In this episode: - Growing from one doctor to five - Eliminating tax-time stress - The "financial bucket" system - Hiring and mentoring associates - Building leadership inside your practice - Tracking KPIs that matter - Preparing your practice for a future sale - Transitioning from practitioner to CEO 🎙 Subscribe for weekly financial strategies designed specifically for healthcare practice owners. CHAPTERS: 00:00 How She Built a Thriving Veterinary Practice 01:19 Welcome to Financial Beast 03:44 From One Doctor to Five 04:31 The Money Bucket System 05:46 Eliminating Tax-Time Stress 08:14 Becoming the CEO Instead of the Practitioner 09:46 Hiring & Mentoring Great Associates 13:06 Building a Strong Practice Culture 13:32 Tracking KPIs Every Week 17:20 Managing Cash Flow Without Stress 18:29 Preparing the Practice for Sale 20:17 Separating Business & Household Finances 22:06 Exit Planning & Ownership Transition 26:29 Encouraging More Practice Owners 29:01 Advice for New Veterinarians 31:16 Working With a Financial Advisor 34:10 The Biggest Financial Lesson _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners spend decades building wealth—but very few prepare their children to manage it. In this episode of the Financial Beast Podcast, Eric Miller sits down with Nathan Shields—father of seven, former physical therapy practice owner, and founder of the Private Practice Owners Club—to tackle two critical topics for healthcare entrepreneurs. 📌 PART 1: Teaching Kids About Money Nathan shares how he and his wife built "moneywise" into their family values, the real conversations they have with kids ages 13–27, and why letting children make small money mistakes early prevents big ones later. If you've ever wondered how to raise financially responsible kids while running a demanding practice, this conversation is for you. 📌 PART 2: Practice Metrics That Actually Matter Nathan unveils Pulseboard, his new KPI dashboard for physical therapy practice owners. Learn which metrics drive profitability (and which are vanity), why over-the-counter collections are the fastest cash-flow fix, and the employee compensation ratio that separates thriving practices from struggling ones. Plus: details on the PO Club Conference 2026 in San Antonio. ⏱️ TIMESTAMPS 0:00 – The money conversation most healthcare parents avoid 2:15 – Nathan Shields intro & why he's qualified to talk family + finances 5:00 – The Shields family "moneywise" value 8:30 – Teaching kids to produce: when & how 13:15 – Letting kids make money mistakes 17:45 – Living trusts & estate planning for practice owners 22:00 – Why Nathan's six sons chose trades over college 27:30 – Introducing Pulseboard: the KPI dashboard for PT owners 32:00 – The metrics that actually drive practice profit 38:00 – PO Club Conference 2026 details _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners dream of growing — but very few talk honestly about what growth actually feels like. The 80-hour weeks. The burnout. The fear that scaling will break you before it pays off. In this episode of the Financial Beast Podcast, Eric Miller sits down with Dr. Ashley Tuma, who did what most vets only talk about: she built a thriving 12-doctor veterinary practice — without sacrificing her sanity in the process. She reveals the exact systems, hires, and mindset shifts that made it possible. ⏱️ TIMESTAMPS: 0:00 — The moment she knew she had to scale (or burn out) 2:30 — Why hiring more vets isn't the first move 6:45 — The leadership structure that runs without her 12:00 — Financial mistakes that almost derailed the growth 19:30 — How to delegate when "nobody does it like I do" 26:00 — The revenue model shift that changed everything 32:15 — Avoiding burnout: boundaries that actually stick 38:40 — What she'd tell her younger self 44:00 — Eric's key takeaways for practice owners 📌 ABOUT ECONOLOGICS FINANCIAL ADVISORS We help healthcare practice owners take control of their finances, build wealth, and exit strong. Your practice isn't just a business — it's your greatest wealth-building asset. 🔔 Subscribe for more expert-led financial strategies for practice owners. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Has your physical therapy practice hit a plateau? Many practice owners get stuck around the $1M–$2M mark—not because they aren't great clinicians, but because their marketing hasn't evolved with their business. In this episode of the Financial Beast Podcast, Eric Miller sits down with Neil Trickett, founder of one of the largest marketing firms serving physical therapy practices, to reveal the marketing systems that separate stagnant clinics from high-growth practices. You'll discover: • Why so many PT practices stop growing • The marketing strategies successful clinics use to scale • The patient acquisition metrics every owner should track • How patient reactivation drives long-term growth • Why your website should function as your best salesperson • What practice buyers look for before making an acquisition If you're a physical therapist or healthcare practice owner looking to attract more patients, grow your practice, and increase its value, this episode is for you. 🔔 Subscribe for weekly strategies on building wealth through your healthcare practice. #PhysicalTherapyMarketing #PracticeGrowth #HealthcareBusiness #FinancialBeastPodcast CHAPTERS: 00:00 Why Most PT Practices Plateau 01:04 Meet Marketing Expert Neil Trickett 03:32 Marketing Evolves as Your Practice Grows 08:47 What High-Growth Clinics Do Differently 12:08 The Metrics Every Practice Should Track 13:01 The Power of Patient Reactivation 16:43 Understanding Patient Acquisition Cost 19:23 Avoiding Vanity Marketing Metrics 20:59 Why Your Website Matters More Than Ever 27:04 The Biggest Marketing Mistakes Practice Owners Make 31:50 What Buyers Want Before Acquiring a Practice 36:05 Final Marketing Advice for Practice Owners _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Healthcare practice owners often focus on growing revenue, adding locations, hiring staff, and serving patients—but many completely overlook one of the biggest expenses they'll ever face: taxes. The truth is that most tax-saving opportunities don't happen when you file your tax return. They happen months or even years beforehand through proactive planning. In this episode of the Financial Beast Podcast, Eric Miller breaks down the most common reasons healthcare practice owners overpay in taxes and shares practical strategies that may help reduce tax liability over time. You'll learn: ✔ Why many practice owners pay more than necessary in taxes ✔ Retirement plan strategies that create tax advantages ✔ Cash balance plans and when they make sense ✔ HSA opportunities most owners overlook ✔ Business entity structure considerations ✔ Cost segregation and real estate tax strategies ✔ Roth conversion opportunities ✔ Tax-loss harvesting strategies ✔ Family employment opportunities ✔ Planning ahead for the eventual sale of your practice If you're a veterinarian, dentist, physician, optometrist, chiropractor, or physical therapist, this episode can help you start asking better questions and keeping more of what you earn. Subscribe for weekly financial strategies designed specifically for healthcare practice owners.   CHAPTERS: 00:00 Why Practice Owners Pay Too Much in Taxes 01:19 Why Tax Planning Matters 03:20 The Biggest Tax Planning Mistakes 05:02 Tax Reduction Strategies Overview 09:20 Maxing Out Retirement Plans 11:08 Cash Balance Plans Explained 12:37 Using an HSA Strategically 13:35 Business Structure and Tax Efficiency 14:39 Bonus Depreciation Opportunities 15:52 Cost Segregation Strategies 18:06 Roth Conversion Opportunities 18:50 Tax-Loss Harvesting Explained 22:27 Charitable Giving Strategies 24:04 Planning for a Future Practice Sale 25:46 Building a Better Tax Team _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

What happens to your healthcare practice if you suddenly can't work? Most practice owners never ask this question — until it's too late. In this episode, Eric Miller and Eric Gesrch break down the asset protection strategies every practice owner needs before disaster strikes: • The real story of a $7.2M practice valuation that was pulled overnight — and how key person insurance would have prevented it • Short-term vs. long-term disability insurance: what your policy actually covers (and what it doesn't) • Key person insurance explained — why your practice can't survive without you, and how to insure against that risk • Buy-sell agreements: the exit strategy you need before a partner's death or disability forces a fire sale • Why practice owners routinely overestimate their coverage and underestimate their exposure Whether you're a dentist, physician, or any healthcare practice owner, your practice is your biggest wealth-building asset. Protect it like one. CHAPTERS 00:00 Roth Conversion Warning for Practice Owners 01:30 Introduction 03:50 Understanding Roth Conversions 06:13 The 3 Types of Tax Treatment 06:55 Taxable Investment Accounts Explained 08:55 Tax Deferred Accounts Explained 11:33 Tax Advantaged Accounts Explained 13:20 What Happens During a Roth Conversion 14:45 The Hidden Tax Bill 17:59 When Roth Conversions Make Sense 20:10 Selling Your Practice and Tax Opportunities 22:31 Avoiding Required Minimum Distributions 24:10 Why Most People Don't Convert 25:25 Retirement Income vs Tax Brackets 26:22 Why Retirees Often Feel Wealthier 26:48 Final Takeaways _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: hhttps://econologicsfinancialadvisors.com/complimentary-consultation/  Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Should you convert your IRA to a Roth IRA? Many healthcare practice owners are told that Roth conversions are always a smart move. But the reality is much more complicated. In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch break down when Roth conversions make sense, when they can create massive tax bills, and how healthcare practice owners should think about retirement income, tax planning, and wealth preservation. You'll learn: • The 3 major tax buckets every investor should understand • How Roth conversions actually work • Hidden tax traps that catch practice owners off guard • Why timing matters when converting retirement accounts • When selling your practice may create Roth conversion opportunities • How required minimum distributions (RMDs) impact retirement planning • Strategies to reduce future tax burdens If you're a veterinarian, physical therapist, optometrist, dentist, physician, or healthcare practice owner building significant retirement assets, this episode is essential viewing. Subscribe for weekly financial strategies designed specifically for healthcare entrepreneurs. CHAPTERS 00:00 Roth Conversion Warning for Practice Owners 01:30 Introduction 03:50 Understanding Roth Conversions 06:13 The 3 Types of Tax Treatment 06:55 Taxable Investment Accounts Explained 08:55 Tax Deferred Accounts Explained 11:33 Tax Advantaged Accounts Explained 13:20 What Happens During a Roth Conversion 14:45 The Hidden Tax Bill 17:59 When Roth Conversions Make Sense 20:10 Selling Your Practice and Tax Opportunities 22:31 Avoiding Required Minimum Distributions 24:10 Why Most People Don't Convert 25:25 Retirement Income vs Tax Brackets 26:22 Why Retirees Often Feel Wealthier 26:48 Final Takeaways _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners dream of building a business that gives them freedom. Very few actually do it. In this episode of the Financial Beast Podcast, Eric Miller interviews Dr. Brian Evans on how he built a successful 6-doctor veterinary practice, navigated a failed sale, eventually exited for millions, and moved his family to Spain. But this conversation isn't just about selling a practice. It's about creating a business that can operate without you. We discuss: • The failed sale that nearly derailed everything • What buyers actually look for in a healthcare practice • Why owner-dependent practices struggle to sell • How Brian removed himself from day-to-day operations • The leadership systems that kept doctors engaged • The financial mistake that cost him years of growth • Why many practice owners stay cash-poor despite growing revenue • The future of veterinary medicine and telemedicine • Building wealth outside your practice If you're a veterinarian, physical therapist, optometrist, dentist, physician, or healthcare entrepreneur, this episode provides a real-world blueprint for creating enterprise value and financial freedom. Subscribe for more conversations on practice growth, wealth building, exit planning, and healthcare entrepreneurship. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

What does the dream veterinary practice actually look like? For most healthcare practice owners, it’s a business that grows without completely depending on you… a practice where you can step away for weeks at a time without everything falling apart. In this episode of the Financial Beast Podcast, Dr. Amanda Della Penna of Family Care Vet Center, joins host, Eric Miller, to share exactly how she built a 5-doctor veterinary practice in just six years — starting from scratch in 2019 and scaling through COVID into an Inc. 5000 fastest-growing company. Inside this episode: - How Amanda built a multi-doctor practice that runs without her - The systems and metrics that transformed her clinic - The hiring mistakes that almost hurt the business - How she recruited top veterinary talent in a competitive market - Why most practice owners stay trapped working “in” the business - The financial systems that changed her household wealth - How she structures her practice for long-term freedom - What veterinary owners must do to scale profitably If you're a veterinarian, healthcare entrepreneur, or practice owner trying to grow without burning out, this episode is packed with practical systems and real-world strategies you can apply immediately. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners work incredibly hard… but still don’t feel financially secure. Why? Because they run their practice like a business — but NOT their household. In this solo episode of the Financial Beast Podcast, Eric Miller breaks down the exact financial metrics healthcare practice owners should be tracking if they want true financial independence. This episode covers: ✅ Why most practice owners are financially misaligned ✅ The household “KPIs” nobody tracks ✅ How to measure personal financial progress ✅ The fastest path to financial independence ✅ Why most financial plans take WAY too long ✅ The metrics Eric Miller uses with real clients If you own a healthcare practice and feel like you make good money but still don’t feel financially free, this episode is required listening. 🎙️ Subscribe to Financial Beast for practical financial strategies built specifically for healthcare entrepreneurs. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners think financial independence is just hitting a certain net worth. It’s not. In this episode of the Financial Beast Podcast, Eric Miller and Mendy Hines break down the 5 real levels of financial independence for practice owners: • Survival • Stability • Flexibility • Independence • Legacy You’ll learn: ✅ Why most practice owners are still in “survival mode” ✅ The difference between stability and real financial freedom ✅ How much cash reserve you actually need ✅ When your practice becomes an investment instead of a job ✅ What true financial independence really looks like ✅ How to create wealth outside your practice If you own a healthcare practice and want to build real long-term wealth, this episode gives you the roadmap. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners think they have financial advice. But in reality? They have someone managing a 401(k). In this episode, Eric Miller and Eric Gersch break down the biggest problems with the traditional financial advisory model — especially for healthcare entrepreneurs, medical practice owners, veterinarians, dentists, optometrists, and physical therapists. We cover: • Why most advisors only focus on investments • The truth about “fiduciary” marketing • Why your CPA shouldn’t drive your financial strategy • The difference between wealth management and product sales • How real financial planning should impact your household, business, taxes, debt, and future income If your advisor only talks about retirement accounts and portfolio returns… You may be missing the bigger picture. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners think they’re making great money. But the truth? That number is lying to you. In this episode, Eric Miller and Erich Gersch, break down the real math behind practice owner income—and why a $300K income doesn’t come close to what a W-2 employee actually takes home. Using real-world examples, we uncover: • The hidden costs eating your “profit” • Why your household feels tight (even at high income) • The true gap between W-2 vs practice income • How much you really need to earn to feel wealthy • The biggest financial blind spots holding owners back If you’ve ever wondered: “Why does my income feel lower than it should?” This is your answer. 📌 This is your household reality check. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners believe they’re overwhelmed, exhausted, and “burned out”… but that’s not the real issue. In this episode, Eric Miller and Eric Gersch break down the truth: 👉 Burnout is usually a symptom of misalignment between your practice and your household. If your business isn’t serving your life, it will eventually drain it. In this episode, you’ll learn: • Why burnout is often misdiagnosed • The dangerous disconnect between your practice and your personal finances • How misalignment silently destroys your time, energy, and wealth • The framework to realign your practice with your ideal life • How to build a business that actually gives you freedom If you’re working harder than ever but not seeing financial progress at home… this is the episode you need. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most financial advisors aren’t telling you the full story. And if you’re a practice owner… that gap could cost you hundreds of thousands of dollars. In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch, break down what traditional financial advisors don’t tell business owners—and why most of them only manage a small fraction of your financial life. If your advisor isn’t helping you: • Integrate your practice with your personal wealth • Structure your income and distributions properly • Optimize taxes and reinvestment decisions • Plan for exit beyond just “saving more money” …then you’re missing the strategy that actually builds wealth. This episode shows you what real financial planning looks like for healthcare practice owners—and how to tell if your advisor is falling short. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most business partnerships don’t fail all at once… They slowly break down—until one day, it’s over. In this episode of the Financial Beast Podcast, Eric Miller and Mendy Heinz break down the 7 critical mistakes that quietly destroy partnerships—and how to avoid them before it’s too late. If you’re a healthcare practice owner (or thinking about bringing on a partner), this could be the difference between building wealth… or watching your business fall apart. Inside this episode: • The #1 mistake that destroys trust between partners • Why misaligned vision leads to conflict • The hidden financial issues that create resentment • How unequal contribution quietly kills partnerships • Why personal finances impact business decisions • The exit strategy mistake most owners ignore Your practice is one of your most valuable assets. Don’t let a bad partnership destroy it. CHAPTERS: 00:00 Why Partnerships Quietly Fail 00:48 Why This Matters for Practice Owners 01:39 Real Partnership Problems We’re Seeing 03:08 Mistake #1: Lack of Trust 05:06 How Poor Communication Destroys Trust 07:43 Mistake #2: Misaligned Vision 10:13 Why Growth Disagreements Kill Partnerships 11:03 Mistake #3: Financial Transparency Issues 14:43 Mistake #4: Unequal Contribution 17:16 The Resentment That Builds Over Time 18:54 Mistake #5: Personal Finances Bleeding In 22:35 Mistake #6: No Clear Roles or Expectations 23:19 Mistake #7: No Exit Strategy 26:16 What Happens When You Don’t Plan the Exit 28:44 Final Advice: Should You Even Have a Partner? _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Everyone talks about the wins… Nobody talks about the disasters. In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch break down real practice sale stories that went wrong—and the costly mistakes healthcare owners make when exiting their business. These aren’t hypotheticals. These are real situations that cost owners millions of dollars, years of stress, and their freedom. In this episode: • The hidden danger of earnouts (and how one owner lost millions) • Why joint venture deals can trap you for years • The truth about rollover equity (and why it’s risky) • Selling to associates: what can go wrong • Why your “second bite of the apple” may never come • The #1 rule before selling your practice • How to structure your deal the right way If you're a veterinarian, dentist, physical therapist, or healthcare practice owner planning an exit—this could save you years of regret. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

You sell your practice for $5 million… But how much do you actually keep after taxes? In this episode of the Financial Beast Podcast, Eric Miller walks through a real $5M healthcare practice sale and breaks down exactly where the money goes — from taxes and fees to equity rollovers and earnouts. This is what most practice owners never see coming. In this episode: • What a $5M practice sale actually pays you • How taxes impact your final payout • The hidden costs in private equity deals • Why equity rollovers are risky • How earnouts really work (and why many fail) • Fees, debt, and deal structure breakdown • The real number you’re left with If you're a veterinarian, dentist, physical therapist, optometrist, or healthcare business owner planning an exit — this is essential. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Payroll is usually the biggest expense in any healthcare practice. But most owners are not actually losing money because they pay people too much. They are losing money because they do not have the right structure, the right metrics, or the right leadership systems in place to make payroll productive. In this episode of the Financial Beast Podcast, Eric Miller sits down with Will Humphreys of Virtual Rockstar to break down one of the biggest hidden profit leaks in healthcare businesses: wasted payroll. They discuss: • Why purpose and profit must be connected in every organization • The payroll percentage metric every practice owner should know • Why admin overstaffing quietly destroys margins • How to tell whether your team expense is out of control • Why many healthcare owners struggle with money conversations • How to identify employees who are hurting your business • A practical framework for making difficult people decisions • How leadership clarity improves both culture and profitability If you own a veterinary, PT, dental, optometry, or other healthcare practice, this episode will help you understand where payroll waste is hiding and what to do about it. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Exit planning is exciting. You finally see what life could look like after selling your practice — financial freedom, flexibility, peace of mind. But here’s what most healthcare owners don’t realize: Life is not lived on a spreadsheet. Markets drop. Health changes. Spending spikes. Family dynamics shift. And the first 2–3 years after selling can make or break your long-term financial security. In this episode of the Financial Beast Podcast, Eric Miller and Eric Gersch break down: • How to structure retirement income before you sell • The “mailbox money” framework for predictable income • Why the first two years after a sale are financially dangerous • Overspending mistakes we see repeatedly • How to plan for long-term care risk • Why retirement at 55 is different than retirement at 70 • The estate planning errors retirees overlook • How to keep your net worth rising after you exit If you’re a veterinarian, physical therapist, optometrist, dentist, or healthcare practice owner thinking about selling — this is required viewing. Your practice isn’t just a business. It’s your greatest wealth-building asset. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com  or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most medical practice owners don’t lose money on rent because they “got a bad deal” — they lose money because they miss the strategy that creates leverage. In this episode, Eric Miller sits down with Colin Carr, CEO of CARR, to break down the lease strategy that protects your practice from getting overcharged at renewal — and how the best operators negotiate terms that can be worth hundreds of thousands over the life of a lease. You’ll learn: • The #1 lease mistake medical practice owners make (DIY + no leverage) • Why you should negotiate multiple options at the same time • The ideal renewal timeline (and what happens when you wait too long) • What matters most beyond rent: TI allowance, free rent, escalations, terms • Lease vs buy: how to evaluate both without sacrificing location or growth _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most healthcare practice owners think their biggest problem is low reimbursements, staffing shortages, or “the economy.” It’s not. You have a hidden profit leak — and it’s likely happening inside your systems, staffing model, and mindset. In this episode of the Financial Beast Podcast, Eric Miller sits down with Brandon Siegel of Wellness Works Management to break down: • Why cash flow crunches are predictable (and preventable) • The “Total People Expense” most owners never calculate • How emotional pricing decisions destroy margins • Why front desk empathy can quietly kill profitability • The algorithm that exposes where your practice is bleeding money • How to fix it without sacrificing patient care If you're a veterinarian, physical therapist, optometrist, or healthcare practice owner trying to protect margins and exit strong, this episode will change how you look at your numbers. Your practice isn’t struggling because of patients. It’s struggling because of systems. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

There’s no shortage of opinions about corporations buying veterinary practices — and most of them assume the worst. But what happens when a practice owner actually partners with corporate… and doesn’t regret it? In this episode of the Financial Beast Podcast, Eric Miller sits down with Dr. Brad Petersen, Petersen Pet Hospital, to break down the real-world truth behind a corporate partnership: what changed, what didn’t, and what most vet owners misunderstand about “selling” versus partnering. You’ll hear: ✅ Why Brad chose a corporate partner instead of a full exit ✅ What improved after the deal (vendors, pricing support, recruiting, admin) ✅ Whether quality of care was ever compromised — and who controls medicine ✅ How staff reacted, and how to communicate the change the right way ✅ What the first 6 months looked like behind the scenes ✅ The tradeoffs owners should consider before making a decision If corporate ownership is anywhere on your radar, this is the episode to watch before you make a move. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most veterinary practice owners think they know what their clinic is worth… and they’re usually wrong. In this episode of the Financial Beast Podcast, Eric Miller sits down with Roger Redmond, DVM from the Ackerman Group, to break down what really drives veterinary practice value—what buyers pay up for, what gets discounted, and the silent red flags that can cost you a better outcome. You’ll learn: • The biggest reasons valuations come back lower than expected • What buyers are actually paying for in today’s market • Why some practices still command premium offers (and others don’t) • How deal terms are changing (cash vs. performance-based payouts) • What to fix years before you plan to sell If you plan to exit someday—even if it’s 3–10 years away—this conversation will help you protect your leverage and avoid expensive surprises. _________________________________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0    Get Social With Us Website: https://www.econologicsfinancialadvisors.com  LinkedIn: https://www.linkedin.com/company/econologics  Facebook: https://www.facebook.com/econologicsfinancial  Instagram: https://www.instagram.com/econologicsfinancialadvisors  X / Twitter: https://x.com/FinancialBeasts  Vimeo: https://vimeo.com/econologics  🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners call themselves the “CEO" but very few can explain what that role actually requires. In this episode of The Financial Beast Podcast, Eric Miller sits down with Michael Nula, founder of a multi-location physical therapy practice (15 locations) who successfully sold and now trains owners nationwide on how to lead like a true CEO. If you want more freedom, less chaos, and a practice that doesn’t depend on you for everything, this conversation breaks down the real CEO job: • how to simplify to multiply • how to build a practice that runs through people (not through you) • what meetings, KPIs, and accountability actually look like • how to lead with calm under pressure • the “P3” framework: Performance, People, Profitability ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners think they have only two choices: work forever… or sell and hope it’s enough. In this episode of the Financial Beast Podcast, hosted by Eric Miller, veterinarian Dr. Tammy Stevenson shares how she intentionally built a practice she’s proud of — and used it to build real wealth outside the practice over the last 10 years. We talk about what’s really happening in veterinary medicine post-COVID (spending pullback, rising costs, wage pressure), the reality of hiring associates in today’s market, and why exit planning is no longer as simple as “sell to an associate.” If you’re a vet practice owner (or any healthcare business owner), this conversation will help you think clearly about: • building household wealth while running a practice • planning an exit 10–12 years in advance • associate buyouts vs corporate deals how to avoid being forced into a bad sale when burnout hits ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

So we did something different to close out the year… We Googled the most asked financial questions of 2025—and we answered them honestly. From budgeting and debt to inflation, mortgage rates, and crypto, this episode breaks down what matters, what’s noise, and what practice owners should actually focus on. If you’re a healthcare practice owner (vet, PT, optometry, dental, med spa, chiro, etc.), here’s the truth: your biggest financial wins (and mistakes) usually happen outside the treatment room—inside your household cash flow, your practice profitability, and your long-term wealth strategy. 🎙️ Home of the Financial Beast Podcast — bold conversations, real strategies, no fluff. ✅ Topics we hit: - Budgeting vs. increasing practice profitability - Save vs invest (and what “emergency fund” really means) - Credit score myths - Crypto: investing vs. speculation - What inflation actually is - Compound interest (when it matters and when it doesn’t) - Protecting investments during market volatility - How to hire the right financial advisor (fiduciary + industry experience) ________________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0  Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/ 

Most practice owners make significant financial mistakes outside the treatment room, especially concerning real estate. This discussion with Michael Hendzel of Mav Realty addresses common errors like signing unfavorable lease terms and overpaying for properties, emphasizing the importance of informed business negotiation. We break down how healthcare development and medical real estate impact your practice's financial health, offering crucial real estate investing strategies for physician real estate. In this episode of the Financial Beast Podcast, Eric Miller sits down with Michael Hendzel to break down what healthcare practice owners need to know about medical office real estate: how bad leases quietly drain profit, when it makes sense to buy your building, how commercial properties are valued, and what to look for (parking ratios, ingress/egress, location, and more). If you’re a veterinarian, physical therapist, optometrist, chiropractor, dentist, or any healthcare practice owner — this episode can save you from a costly mistake and help you build real wealth outside the treatment room. Subscribe for weekly strategies — bold conversations, real tactics, no fluff.  ________________________________________________________ Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most practice owners hire in panic: plug the “hole in the boat” with a warm body… then wonder why people quit (or underperform) within 30 days. In this episode of the Financial Beast Podcast, Eric Miller sits down with HR expert, Lorianne Isaacson to break down the real reason practices can’t keep good staff: weak onboarding + zero codified training. What you’ll learn: Why most practices are a 2/10 at onboarding (and how to fix it) - The 90-day onboarding framework that builds commitment (not just compliance) How to stop “verbal training” from walking out the door - Simple retention plays that cost almost nothing (but build loyalty fast) The #1 rule of performance management: firing should never be a surprise Why “micromanaging” is usually a training problem, not a people problem If turnover is crushing your practice and your cash flow feels tight—this is the episode you needed. ___________________________________________________Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0 Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X /Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Sometimes paying taxes is actually a good sign—your practice made a profit. But too many healthcare owners fall into “write-off mode” and make expensive moves that destroy cash flow (hello, “buy a truck in December”).   In this episode, Eric Miller sits down with Julie Herres (Founder/CEO, GreenOak Accounting) to break down tax planning for healthcare practice owners—without the gimmicks.   You’ll learn: - Why “avoiding taxes” can be a bad business decision - The difference between tax deductions vs. real savings - The biggest money leaks crushing margins (payroll, space, scaling too soon) - Why practice owners need monthly or quarterly CPA check-ins - Smart, practical year-end moves that don’t wreck liquidity   If cash flow is getting tight and you want to keep more of what you earn—this is the playbook.   CHAPTERS: 00:00 - Intro 01:25 - Julie Harris Introduction 05:28 - Money Leaks: Clinician Compensation 10:45 - Efficient Space Utilization 13:18 - Myth: Growing Out of Financial Problems 17:25 - Financial Reserves: How Much is Enough? 22:13 - Building a Strong CPA Relationship 26:30 - Year-Round Tax Planning Strategies 28:01 - Benefits of Paying Taxes 30:38 - Documenting Payments to Your Children 35:43 - Understanding the Augusta Loophole 37:04 - Contacting Julie Harris 37:39 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Failed sale. No clear exit. Limited options… or so it seemed.   Most healthcare practice owners think they only have two paths: 👉 Sell to an associate 👉 Or sell to corporate   But what happens when a corporate deal falls apart and you still want freedom, security, and options?   In this episode of the Financial Beast Podcast, Eric Miller sits down with Paul Silovsky, CEO of Rebound Physical Therapy, to unpack how he navigated a failed sale, rebuilt his vision, and created a brand-new set of exit options — without giving up control of his practice or his household income.   You’ll discover:   - Why most owners give away their power of choice when it comes to exiting - What really happened when Paul’s first corporate deal fell through - How he redesigned his practice so it could financially support his family for years - The pros and cons of selling to an associate vs. selling to corporate - How to think about internal sale, owner financing, and long-term cash flow - Why starting exit planning years before you sell gives you maximum leverage   If you’ve ever thought, “I don’t know how I’ll get out of this practice without blowing up my lifestyle,” this conversation is a must-watch.   CHAPTERS: 00:00 Intro – Why exit options matter 01:05 How Paul realized he needed more choice 04:10 The first corporate deal and why it failed 10:45 Rebuilding the practice with a new vision 16:30 Internal sale vs. corporate: pros and cons 24:00 Protecting your household income after exit 32:00 Exit strategy mistakes healthcare owners make 38:45 Paul’s advice if you’re 5–10 years from exit _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Most owners spend more time planning a vacation than their practice exit—and it’s a costly mistake. In this episode, Eric Miller and advisor Zach Abbotoni break down the money side of your exit: who to sell to, how your practice is valued (EBITDA & add-backs), your “magic number” for a successful retirement, and how to structure a deal so you keep more and reduce risk.   You’ll learn: * Associate vs Corporate buyer: cash at close, control, risk, and culture * Valuation 101: adjusted earnings (EBITDA), add-backs, and premium/discount factors * Deal structures: cash at close, joint venture (retain equity), private stock (A/C shares), earn-outs—and what to watch out for * Real-estate & lease terms, team retention bonuses, and tax/flow considerations * The Wealth Gap: quick math to confirm if today’s offer funds your next 30 years   Chapters: 00:00 Why most exits underperform 03:00 How practices are really valued (EBITDA & add-backs) 08:30 Buyers: Associate vs Corporate 13:40 Deal components: cash, JV equity, private stock, earn-out 21:15 Real estate & team retention 25:30 Your “magic number” & wealth-gap math 30:00 Action plan before you list _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

How much money do you really need to live without financial stress? Most “gurus” throw out random numbers… but today, we break down the real wealth thresholds that determine financial freedom, security, and long-term stability for practice owners.   In this episode of the Financial Beast Podcast, Eric Miller (Chief Adviser & Co-Owner at Econologics Financial Advisors) and Eric Gersch, Financial Advisor, reveals the truth behind numbers like $5 million, $7 million, $10 million, and even $20 million—what each level actually means for your life, your income, your retirement, and your family’s financial future.   If you're a healthcare practice owner wondering how much net worth you really need to live your ideal life, this breakdown will change everything.   In This Episode You’ll Learn: ✔️ Why $5M is the true “minimum freedom number” ✔️ What $7M vs. $10M really means in lifestyle terms ✔️ How practice owners should structure wealth outside their business ✔️ The danger of listening to online financial influencers ✔️ The hidden expenses people NEVER factor into retirement ✔️ Why long-term care can destroy a weak financial plan ✔️ How to build “indestructible wealth” over time   CHAPTERS: 00:00 – How Much Money Is Truly “Enough”?  00:32 – Welcome to the Financial Beast Podcast  01:05 – The $20 Million Claim: True or Myth?  02:11 – What Wealth Really Buys You  03:14 – The Meaning of Indestructible Wealth  04:23 – Ultra-High-Net-Worth vs. Real People  05:08 – Why $5M–$10M Is the Real Target  06:10 – Breaking Down a $20M Lifestyle  07:32 – What $5M Actually Provides  09:01 – The Case for $7M and Up  10:14 – $10M: The Freedom & Charity Threshold  11:24 – Real Costs People Forget (Healthcare, LTC, etc.)  12:48 – Long-Term Care: The Hidden Wealth Killer  14:07 – Why $5M Is the Minimum Target  15:33 – The $7M Security Zone Explained  16:44 – The $10M Wealth Comfort Zone  17:52 – Real-World Client Examples  19:03 – Why Influencer Money Advice Is Dangerous  20:12 – Why “Get Rich Quick” Never Works  21:25 – The Psychological Trap of Fast Money  22:40 – The Path to Real, Stable Wealth  23:51 – Final Thoughts & Episode Wrap-Up   _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com   Are you throwing money at “marketing” without a clear plan or real results?   In this episode of the Financial Beast Podcast, host Eric Miller sits down with healthcare marketing expert Carl White of MarketVisory Group to break down how to build a financially responsible marketing plan for your medical or dental practice.   Instead of chasing tactics, shiny objects, or the latest “funnel,” you’ll learn how to: * Start with the right revenue and growth goals for your practice * Tie your marketing budget to actual patient value and ROI * Avoid the biggest mistakes practice owners make with agencies * Decide when paid ads, local SEO, social media, and referrals actually make sense * Build a simple, focused plan instead of 10 disconnected tactics Whether you run a medical practice, dental office, or other healthcare practice, this conversation will help you see marketing as an investment that should support your long-term financial goals—not a random monthly expense.   CHAPTERS: 00:00 - Intro 01:34 - Welcome Back 02:27 - Marketing Strategies 03:29 - Passion for Marketing 06:15 - Financial and Marketing Similarities 06:55 - Journey into Healthcare Marketing 08:49 - Importance of Industry Specialization 10:04 - Understanding a Marketing Plan 11:00 - Marketing Budget Guidelines 18:24 - Essential Components of a Marketing Plan 22:20 - Common Healthcare Marketing Mistakes 25:38 - Location Considerations for Marketing 29:50 - Contacting Carl 32:41 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com   Are you building wealth or just chasing shiny returns? In this solo episode of the Financial Beast Podcast, Eric Miller breaks down 7 timeless lessons from Benjamin Graham’s The Intelligent Investor and translates them for healthcare practice owners (Veterinarians, PTs, ODs, Dentists, and more).   You’ll learn how to set a real investment policy, avoid yield traps, protect cash flow when you’re dependent on your portfolio, and position your practice as the engine of your net worth without gambling your future.   CHAPTERS: 00:00 Intro why “old school” beats hype 01:18 Strategy vs Policy (the rule that saves portfolios) 05:42 Price matters: value = what you get, price = what you pay 08:14 If you live on your portfolio, reduce surprises 11:03 Don’t marry a yield (spot the 15% trap) 14:10 Concentrate to build it, diversify to keep it 17:35 Your only edge in a panic (and how to use it) 20:35 No one’s tombstone says “Beat the S&P” (what actually matters) 22:30 Next steps & how we can help _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you ready to take back CONTROL of your financial future and discover a path to financial freedom and purpose? In this episode of the Financial Beast Podcast, Eric Miller sits down with Dr. Erik Lundquist to explore his inspiring journey from practicing medicine to building personal wealth while aligning with his life’s purpose. Whether you’re a healthcare practice owner or a busy professional, this conversation will give you valuable insights into how to maximize the value of your career, manage money effectively, and build long-term wealth.   Dr. Lundquist shares how he transitioned from primary care to founding the Temecula Center for Integrative Medicine, using strategic planning, mastermind collaboration, and smart financial practices to expand his business and achieve financial independence. Learn actionable tips on charitable giving, investing wisely, and creating freedom for the life you truly want. This episode is packed with empowering advice on how to become a Financial Beast by taking control of your practice's profits and building wealth outside your business.   At Econologics Financial Advisors, we specialize in helping practice owners like you grow their wealth and secure their future. Our proven financial strategies enable you to overcome challenges and thrive, even during a recession. Remember, financial freedom starts with the knowledge and confidence to make informed decisions. Don’t just settle—start building your financial legacy today!   #wealthbuilding #doctorfinances #businessgrowth #financialadviceforpracticeowners #integrativemedicinefinances   CHAPTERS: 00:00 - Intro 01:11 - Eric Miller Introduces Dr. Eric L. 15:51 - Communicating About Money with Your Spouse 18:00 - Importance of Charitable Giving in Wealth Building 22:05 - Key Factors in Building Wealth 25:20 - Talking to Your Kids About Money 28:22 - What to Look for in an Investment 31:51 - How to Reach Dr. Lakin 32:28 - Dr. Lakin’s Podcast Insights _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Selling your practice is the biggest financial decision of your life—don’t leave money on the table! In this video, we share 5 key tips to negotiate your practice sale RIGHT and maximize the value of your hard work. You’ve spent years building your business, now it’s time to take back CONTROL and secure the financial freedom you deserve. On the Financial Beast Podcast, Eric Miller will discuss whether it’s nailing the overall sales price, getting the right lease terms, or understanding earnouts, we’ve got you covered with strategies to protect your wealth and your future.   At Econologics Financial Advisors, we specialize in helping practice owners like you navigate the complexities of selling a business. Learn how to avoid common pitfalls, negotiate like a pro, and ensure your family’s financial future is secure. From maximizing the upfront cash to building personal wealth through smart investments, this video will empower you to make informed decisions every step of the way.   Ready to become a Financial Beast? Start today by downloading Eric Miller’s best-selling book, “How to Become a Financial Beast,” and unlock the secrets to wealth building and financial freedom. Need more personalized guidance? Reach out to Econologics Financial Advisors, the trusted partner for practice owners nationwide.   Don’t forget to like, subscribe, and share this video with other practice owners looking to maximize their practice sale. Let’s make sure your biggest transaction is also your smartest!   #financialplanningforpracticeowners #financialtransactionadvice #negotiationtacticsforselling #financialtransactionnegotiation #maximizingpracticesaleprofits   CHAPTERS: 00:00 - Intro 01:00 - Welcome Back 05:46 - Private Equity Challenges 07:37 - Factors You Can Control 09:47 - Determining Overall Sales Price 12:24 - Negotiating Your Lease Agreement 16:04 - Understanding Employment Agreements 19:22 - Earnout Structures 21:34 - Earnouts Explained 23:15 - Cash vs. Balance of Sale 29:15 - Conclusion and Wrap-Up _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures.

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you ready to take back CONTROL of your financial future after selling your practice? In this episode of the Financial Beast podcast, Eric Miller, sits down with Nathan Shields, a former practice owner turned advisor, to discuss the dos and don'ts of investing practice proceeds. Whether you're preparing to sell your practice or planning ahead for financial freedom, this episode is packed with actionable insights that will help you maximize the value of your hard-earned proceeds and build personal wealth.   Learn how to create a wealth-building strategy that works for you, avoid common investment pitfalls, and identify opportunities to expand your business or diversify your portfolio. Discover the importance of owning your practice’s real estate, finding the right financial advisor, and having a solid exit plan for long-term success. Nathan shares his personal journey, including the mistakes he made, the lessons he learned, and how he continues to grow his financial footprint through smart investments in real estate and cash-flowing assets.   At Econologics, we help practice owners like you become Financial Beasts, empowering you with the tools and strategies to achieve financial freedom. Like, share, and subscribe to start your journey toward wealth building today!   #financialadviceforpracticeowners #financialtipsforpracticeowners #financialadviceforowners #wealthbuildingforpractitioners #exitstrategiesforpracticeowners   CHAPTERS: 00:00 - Intro 01:00 - Welcome Nathan Shields 06:00 - Pre-Sale Thoughts and Considerations 12:55 - Tax Implications of Selling a Practice 16:04 - Concerns About Financial Windfall 17:42 - Mistakes Made with Received Funds 20:03 - Life After Selling Your Practice 23:18 - Key Deal Terms to Consider 26:38 - Current Investment Strategies 30:34 - Stock Market Investment Insights 34:30 - Exploring Private Lending Opportunities 35:48 - Diversification vs. Concentration in Investing 41:20 - Contacting Nathan Shields 42:24 - Connecting with Ryan and Aaron 42:31 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Unlock the secrets to mastering your practice's finances with "Practice Finances Simplified: 27 Key Steps You Need." This episode is packed with essential advice designed specifically for healthcare practice owners looking to take back CONTROL of their financial future. Whether you're struggling to organize your financial documents, maximize the value of your practice, or build personal wealth, this checklist has you covered.   Discover how to establish financial freedom by addressing common pitfalls like income dips, outdated bookkeeping, and inefficient billing systems. Learn how to calculate your facility capacity income goal, stay on top of your make-break number, and ensure your business is running at maximum efficiency. It’s time to stop surviving and start thriving by becoming a Financial Beast and creating a practice that rewards you financially.   As experts in financial training for practice owners, Econologics Financial Advisors equips you with the tools to succeed.  Eric Miller, Host of the Financial Beast Podcast and his Co-Host, Eric Gersch are hosting this podcast and will educate you on how to integrate the practice and household under one financial system.   Ready to transform your financial future? Start your Financial Beast journey by visiting Econologics Financial Advisors today.   #businesssavings #financialhealth #businessfinancialmanagement #facilitycapacityincome #practicefinances   CHAPTERS: 00:00 - Intro 01:13 - Welcome Back 04:52 - Company Financials Overview 07:35 - Strategies for Revenue Generation 09:12 - Facility Capacity and Income Goals 13:05 - Managing Business Credit Card Debt 14:04 - Importance of Business Reserves 17:05 - Addressing Income Fluctuations 20:10 - Financial Data Access Control 23:44 - Timely Payroll for Employees 23:50 - Bonuses and Commissions Structure 25:26 - Conclusion and Wrap-Up _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Are you a veterinary practice owner tired of overpaying taxes and feeling overwhelmed by the complexities of the tax code? It's time to take back CONTROL of your finances and finally stop letting the IRS dictate your hard-earned profits. In this episode of the Financial Beast Podcast, host Eric Miller of Econologics Financial Advisors teams up with Jharid Pratt of Granite Peak CPA to reveal exclusive strategies tailored specifically for veterinary practice owners to maximize the value of your business, build personal wealth, and achieve true financial freedom.   Discover why outdated advice and generic tax tips aren’t enough and how a proactive, year-round financial system can empower you to keep more of what you earn. Learn how to strategically manage your tax planning, avoid common pitfalls, and ensure your practice is working for YOU—not the IRS. Jhari'd shares insider insights into the veterinary industry, offering actionable steps to expand your business and boost your bottom line.   As the author of "How to Become a Financial Beast," Eric Miller encourages you to take charge of your financial destiny. Don’t miss out on this opportunity to learn from the experts who specialize in helping healthcare business owners like you. Watch now and start your journey toward financial peace and prosperity!   #taxdeductions #taxplanning #taxtips #taxstrategies #irsstrategies   CHAPTERS: 00:00 - Intro 01:14 - Welcome Jharid Pratt 04:13 - Unique CPA Services 07:40 - Value of Organization and Accountability 09:50 - Importance of Business Relationships 11:40 - Tax Philosophy Insights 16:40 - Understanding Filing Extensions 18:43 - Selling Your CPA Practice 21:25 - Exiting Strategies for CPAs 25:25 - Good Profit Margin Explained 28:22 - Understanding Profitability 29:55 - Importance of Business Reserves 30:45 - Managing Personal Expenses 32:27 - Recent Tax Law Changes 34:06 - Aggressive Tax Strategies Explained 36:07 - Contacting Jharid Pratt 36:13 - Connecting with Jharid and Granite Peak CPA   _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com.   Discover *The Secret to Selling Your Practice Successfully* and unlock the financial freedom you've been striving for! In this episode of the Financial Beast podcast, Eric Miller, your trusted financial advisor and bestselling author of *How to Become a Financial Beast,* sits down with Dr. Norman Manning to share his inspiring success story of selling a veterinary practice. Learn how to take back control, prioritize your financial future, and avoid the pitfalls many practice owners face when selling to corporate groups.   If you're a healthcare practice owner, this conversation is packed with actionable insights, like how to maximize the value of your practice, build personal wealth, and achieve financial freedom. With expert advice from Econologics Financial Advisors, you'll discover how to prepare for a successful exit strategy, manage challenges, and ensure life after your sale is everything you dreamed of.   Ready to expand your business, secure your financial future, and become a Financial Beast? Start building the life you deserve today! Visit Econologics Financial Advisors to learn more about our proven process for healthcare professionals. Don’t let fear or doubt hold you back—success stories like Dr. Manning’s prove it’s possible! Watch now and take the first step toward your ultimate financial freedom.   #financialplanningforvets #transitioningveterinaryownership #transitioningownershipveterinary #veterinarybusinesstransition #financialplanningveterinary   CHAPTERS: 00:00 - Intro 01:02 - Welcome Back 02:47 - Thinking About Exiting Practice 07:21 - Using a Broker to Sell Practice 10:05 - Financial Readiness for Sale 12:12 - Challenges in Selling Process 15:53 - Understanding Deal Structure 18:35 - Navigating Due Diligence 20:17 - Life After Selling Practice 21:57 - Employment Agreement Insights 25:50 - Corporate Sale Horror Stories 27:58 - Securing a Great Deal 30:16 - Financial Advice for Veterinary Owners 31:10 - Final Thoughts _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com. Ready to break free from the passive income myths holding you back? In this episode of the Financial Beast Podcast, we tackle what healthcare practice owners *really* need to know to achieve financial freedom and build lasting wealth. Eric Miller is joined by Clint Harris of Nomad Capital to uncover strategies that help you take back CONTROL of your financial destiny. From self-storage investing to syndication opportunities, Clint shares how he transitioned from trading time for money to creating sustainable wealth that works for him—even after stepping away from the treadmill of earned income. Discover how to maximize the value of your practice, avoid the passive income traps, and align your investments with your values and long-term goals. This episode is packed with actionable insights for practice owners who want to expand their business, reclaim their time, and achieve true financial independence. Ready to take the next step? Start your Financial Beast Training and learn how to pay yourself right, build wealth outside your practice, and secure your financial future. Econologics Financial Advisors are here to empower you with expert financial training designed for healthcare practice owners like you. Don’t leave your financial future to chance—subscribe now, and let’s build a roadmap to success together. #cashflow #entrepreneurship #passiveincomeinvesting #realestateinvesting #businessideas   CHAPTERS: 00:00 - Intro 01:22 - Eric Introduces Clint Harris, Nomad Capital 02:32 - Defining Passive Income 05:38 - Clint's Journey to Passive Income: Real Estate & Self Storage 10:22 - Time Warp Your Real Estate Investing Strategies 13:38 - Understanding Syndication in Real Estate 18:03 - Benefits of Investing in Self Storage 21:51 - Performance Insights on Travis’s Recent Deal 22:30 - Challenges Facing the Self-Storage Industry 26:33 - Purpose Behind Travis’s Investment Deals 34:10 - Investment Locations: States to Consider 35:10 - Best Investment Advice from Clint 37:21 - Contacting Clint Harris 37:59 - Outro _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0   Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Are you a healthcare practice owner struggling to make your marketing investments count? It’s time to stop wasting money and start maximizing your business’s potential with proven strategies that WORK. In this episode of the Financial Beast Podcast, Eric Miller, co-owner and chief adviser at Econologics Financial Advisors, teams up with marketing expert Katrina Beckman, CEO of Kalen Marketing, to deliver actionable marketing tips tailored for practice owners like YOU. From building an effective website to leveraging Google Ads and reviews, you’ll learn how to take back CONTROL, focus on what matters, and drive real results for your practice. Discover how to maximize the value of every dollar you spend, build personal wealth, and create financial freedom for your business and beyond. Eric also shares insights from his best-selling book, *How to Become a Financial Beast*, where he teaches practice owners how to expand their businesses, pay themselves right, and build wealth outside their practices. Take the first step toward becoming a Financial Beast and reclaiming your financial destiny. Remember, smart marketing isn’t an expense—it’s an investment in your future. Start your journey with expert advice from Econologics Financial Advisors, your trusted partners in financial training and wealth building for healthcare professionals. Subscribe now and transform the way you think about marketing and financial growth! #leadgeneration #success #facebookmarketing #howtobudget #healthcaresocialmediamarketing CHAPTERS: 00:00 - Intro 01:02 - Welcome Back to Marketing Insights 01:48 - Journey into Marketing Career 07:59 - Key Focus Areas in Marketing Strategy 10:00 - Elements of an Effective Website 12:41 - Analyzing Website Statistics Frequency 14:06 - Importance of Google Reviews 18:55 - Maximizing Google Ads Campaigns 22:21 - Leveraging Social Media for Business 26:27 - Benefits of Print Advertising 29:18 - Understanding SEO Basics 30:50 - Role of AI in Marketing 33:30 - Tips for Writing a Book 37:55 - Reasons for Cutting Marketing Budgets 39:18 - Contacting Kalen for Marketing Advice 39:54 - Reaching Out to Katrina 40:00 - Industries We Serve in Marketing 40:39 - Special Guest: Katrina’s Dog _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0   Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics 🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/

Download a free copy of "How to Become a Financial Beast" by Eric Miller at www.financialbeastbook.com. Is $5M enough for a stress-free retirement? Discover the truth about financial freedom in this eye-opening episode of the Financial Beast Podcast with Eric Miller, co-owner of Econologics Financial Advisors and Eric Gersch, Financial Advisor, if you’re a healthcare practice owner wondering how to take back CONTROL of your money and build personal wealth, you’re in the right place. We’re breaking down exactly what it takes to achieve a worry-free retirement, starting at $5M, and how you can maximize the value of your hard work to expand your financial future. Gain insights into setting realistic wealth targets, planning for long-term care, and creating a diversified portfolio that guarantees financial security. Whether you’re aiming for $5M, $7M, or $10M, this episode will empower you to craft a financial plan tailored to your goals. Learn how to become a Financial Beast, achieve financial freedom, and make informed decisions about your future. Econologics Financial Advisors specializes in guiding healthcare practice owners on their journey toward financial independence. Ready to take the first step? Start your Financial Beast training today and take control of your financial destiny. Your best retirement life starts here! #dividendinvesting #cashflow #financialeducation #retirementincome #howtoinvest   CHAPTERS: 00:00 - Intro 02:17 - How Much Money is Enough 09:48 - What Does a $5M Net Worth Look Like 11:35 - Retirement Savings Requirements 16:40 - Retirement Financial Needs Explained 20:00 - Planning for Retirement Funds 21:40 - Essential Retirement Savings Strategies 22:49 - Financial Advice on TikTok 23:55 - The Synthetic High of Speculative Trading 25:39 - Who Should You Listen to _________________________________________________________________________________   Want to schedule a free consultation? Visit www.econologics.com or call us at (727) 588-1540 or schedule directly at: https://hubs.li/Q03z6vvs0     Get Social With Us Website: https://www.econologicsfinancialadvisors.com LinkedIn: https://www.linkedin.com/company/econologics Facebook: https://www.facebook.com/econologicsfinancial Instagram: https://www.instagram.com/econologicsfinancialadvisors X / Twitter: https://x.com/FinancialBeasts Vimeo: https://vimeo.com/econologics   🔒 Disclaimer Econologics Financial Advisors, LLC (‘EFA’) is registered with the Securities and Exchange Commission as an investment advisor. (Such registration does not imply a certain level of skill or training.) EFA provides investment advisory services only in states where it is permitted to do so under state laws and only to the extent permitted thereby. This communication is not an offer to sell or effect any transaction in securities. Neither EFA nor its affiliates provide legal, tax or accounting advice. Please consult a qualified attorney or accountant. Results are not guaranteed and will vary depending on the specific circumstances of each individual and on other factors. Full disclosure: https://econologicsfinancialadvisors.com/legal-disclosures/