We’re going to get a little conspiratorial here.
Have you ever noticed how basic financial literacy is completely missing from most core school curriculums?
People spend the vast majority of their time engaged in money-making activities. Yet the understanding and management of finances is nowhere to be found in standard schooling.
In fact, it’s almost the opposite: Financial ILLiteracy is the seeming focus on most educational institutions.
And while financial illiteracy is visible at every level of the school system, there seems to be a particularly virulent strain of it baked into the major graduate programs serving the helping professions.
In other words, if you are a wellness practitioner trained by a major graduate program, there’s a 95+% chance you have acquired an inadvertent Anti-MBA during your education.
Take the following 8-question quiz. For each question, answer either “yes” or “no.”
Q1: You Have a Concrete Action Plan for Increasing Your Average Number of Client Sessions Per Week
Q2: You Understand How to Calculate What a New Client is Worth to Your Practice on Average
Q3: You Understand How to Calculate Your Current Average Cost to Acquire a New Client for Your Practice
Q4: You Can Pinpoint Your Practice’s Year-to-Date Revenue in Under 60 Seconds
Q5: You Can Pinpoint Your Practice’s Year-to-Date Expenses in Under 60 Seconds
Q6: You Have a Clear Set of Financial Targets for Your Practice This Year – Including Target Revenue, Target Profit, and Target Profit Margin
Q7: You Have Implemented At Least Two Marketing Vectors for Your Practice That Generate New Leads Each and Every Month
Q8: You Have a Clear Mechanism for Setting and Achieving Quarterly Business Goals In Your Practice
If you answered “No” to any of the following questions, then it would be wise to explore that area further to make sure you aren’t sabotaging your own success.
How to Uproot Your Anti-MBA
Recognizing that you’ve received anti-business training from your graduate education is the first step.
From there, it’s up to you to rectify the situation.
We do what we do precisely because the business training offered to wellness practitioners is so sorely lacking.
If you know you need support to master the business side of your practice, we have the comprehensive plan you’re looking for.
Book a call with one of our practice growth experts to discuss what you do and how we can help you.