07 - Brian Woltz on the Importance of Financial Literacy in Clinic ownership and the Responsibility of Security for Your Staff

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The Health of Business

Danielle Boyd

14 episodes

6 days ago

The Health of Business with Danielle Boyd explores what it really takes to run a healthy clinic, from leadership and compliance to marketing, culture, and the messy middle of entrepreneurship in healthcare. Join physiotherapist and consultant Danielle Boyd as she talks with clinic owners, educators, and changemakers who are redefining what it means to build sustainable, values-driven businesses in Canada’s healthcare system. Smart conversations, real stories, and practical business strategies we should have learned in school.

Entrepreneurship

Business

RSS

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Entrepreneurship

Business

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07 - Brian Woltz on the Importance of Financial Literacy in Clinic ownership and the Responsibility of Security for Your Staff

The Health of Business

1 hour 17 minutes 29 seconds

3 months ago

07 - Brian Woltz on the Importance of Financial Literacy in Clinic ownership and the Responsibility of Security for Your Staff

Please welcome, the incredible Brian Woltz to the podcast this week.

Brian's Clinic: Parkway Physiotherapy - https://parkwayphysiotherapy.ca/

Work with Danielle! danielleboyd.ca/contact

Summary:

In this conversation, Brian and Danielle discuss the challenges of balancing personal and work life as entrepreneurs, the launch of a new podcast focused on business and advocacy, and the journey of clinic ownership. They delve into the importance of mentorship and education in building a supportive work culture, the necessity of financial literacy for business success, and the interconnectedness of emotional intelligence and financial outcomes in healthcare. In this conversation, Brian shares insights on the journey of business growth, emphasizing the importance of learning, transparency, and financial literacy in running a successful clinic. He discusses the realities of clinic ownership, the necessity of understanding financial health, and the significance of building a strong organizational structure. Brian also highlights his leadership philosophy, focusing on team growth and the definition of a healthy business, which includes both profitability and employee happiness.

Chapters

00:00 Launching the Podcast: Conversations on Business and Advocacy

04:26 The Journey of a Clinic Owner: From Vision to Reality

09:33 Mentorship and Education: Building a Learning Culture

14:55 Expanding the Clinic: Lessons in Business Management

18:54 The Responsibility of Business Owners

19:39 Understanding Financial Literacy

21:04 The Importance of Profit and Loss Statements

22:43 Patient Care and Financial Success

24:24 Coaching and Team Development

26:32 The Role of Emotional Intelligence

28:52 Learning Resources for Financial Literacy

31:53 Transparency in Business Operations

35:51 Difficult Conversations in Business

41:30 Income Security for Staff

45:51 Navigating Imposter Syndrome and Growth

47:31 Understanding Business Valuation and Owner Revenue

48:47 The Importance of Financial Literacy in Business

53:18 The Role of Accountants and Financial Advisors

57:50 Organizational Structure in a Growing Clinic

01:02:49 Leadership Development and Career Growth Opportunities

01:08:44 Embracing Transparency and Collaborative Learning

01:11:30 Defining a Healthy Business: Profit and Happiness

Keywords

entrepreneurship, business, financial literacy, mentorship, podcast, clinic ownership, emotional intelligence, healthcare, community, advocacy, business growth, financial transparency, clinic ownership, leadership, organizational structure, financial literacy, team happiness, healthcare business, operational efficiency, professional development