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The SILosophy’s Podcast
SILosophy
22 episodes
1 week ago
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Management
Business
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Management
Business
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SILosophy Episode 17 - Understanding SIL Profitability I Resolv
The SILosophy’s Podcast
24 minutes 57 seconds
2 months ago
SILosophy Episode 17 - Understanding SIL Profitability I Resolv
In this episode of SILosophy, Tania Gomez is joined by Josh Pix from Resolv to break down SIL profitability—why many SIL providers aren’t making money despite large plan values and what they can do to fix it.   Episode Highlights: 00:00 – Welcome back to SILosophy with guest Josh Pix from Resolv 02:20 – Why SIL profitability is much lower than people expect 04:10 – The 3 biggest drivers of SIL profitability 06:00 – Rostering & claiming mistakes – The #1 profit killer in SIL 09:20 – Rent, utilities, groceries & activities – How to manage the subsidy gap 12:00 – Why understanding your vacancy rate is critical 15:30 – The $11,000 per week rule – How much funding is needed to sustain a SIL house 18:40 – What financial reports should every SIL provider have? 22:00 – Why profitability isn’t a bad word – How it leads to better outcomes for participants 23:40 – How Resolv helps SIL providers improve financial performance & sustainability   Follow Tania Gomez Consulting on Facebook: https://www.facebook.com/taniagomezconsulting/ Instagram: https://www.instagram.com/taniagomezconsulting/ LinkedIn: https://au.linkedin.com/company/tania-gomez-consulting   Or you can also visit our website: http://www.taniagomez.com.au/   #silosophy, #silprofitability, #taniagomez, #resolv, #consulting, #episode17, #businessconsulting, #profitability, #silosystem, #silomanagement, #businessgrowth, #resolvconsulting, #financialconsulting, #businessstrategy, #businessinsights
The SILosophy’s Podcast