In this episode, you'll discover:

• Fully-Loaded Books is the requirement of a Remarkable Business
• How should you ACCOUNT for your Compensation on your books?
• How to arrive at a TRUE Profit and Profit Margin
• Understand the difference between Direct and Indirect costs in your business
• Differentiate between COGS and COSD
• Calculate owner’s discretionary earnings (ODE) or Seller's discretionary earning (SDE)

Episode Highlights

00:49 - The importance of discussing self-compensation which is often overlooked.

02:34 - The necessity of setting up a compensation model that energizes the owner.

04:01 - A look at the "Remarkable Money Metrics" as part of the vital signs and standards for business compensation.

05:09 - The three ways that a business owner gets paid.

08:01 - The importance of understanding business compensation regardless of your current level of knowledge.

12:15 - Scenario 1 - A look at the framework for compensation in a million dollar practice.

24:14 - Scenario 2 - A look at compensation in a $500,000 practice.

28:09 - Scenario 3 - Compensation framework in a $750,000 practice

29:59 - The importance of paying oneself right and using the provided framework to scale business compensation.

Resources Mentioned

Download your copy of the REM Money Metrics here: www.theremarkablepractice.com/podcast-ep278-moneymetrics

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book –

The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

In this episode, you'll discover:

• Healthy conflict clarifies, and clarity is the greatest accelerant
• Determine if this is a person or a process issue first, then make it a project
• Deploy the MBD Frame to change the conflict resolution game
• Leverage the remarkable troubleshooting framework to breakthrough current challenges and into the next level of growth

Episode Highlights

02:33 - the importance of gratitude and handling challenges as part of growth.

06:19 - The role of conflict in clarity and growth.

10:18 - Handling conflict in a way that leads to doing the right thing and maintaining unity within the team.

12:22 - Developing the skills of restraint and response to handle conflict effectively.

14:53 - The different types of conflicts that can arise in various professional and personal relationships.

15:11 - Introduction of the “troubleshooting form” as a tool for resolving conflicts in a systematic way.

22:03 - The need for clear communication and alignment within the team.

23:59 - The MBD (More, Better, Different) framework for resolving process issues.

25:22 - Focusing on doing the right thing rather than being right in conflict situations.

29:53 - Dr. Kale sits down with Dr. Patrick McMahon and Dr. Aaron Morris, Success Partners at Syntropy Chiropractic Training, to discuss the company's origins, growth, and mission. Syntropy focuses on improving chiropractic adjusting skills through a program designed for practitioners at any stage of their career. The discussion emphasizes the importance of mastering fundamentals to enhance patient care and reduce practitioner burnout. Dr. McMahon and Dr. Morris discuss how their training can lead to better patient retention and consistent care.

Resources Mentioned

Download your copy of the Troubleshooting Form here: www.theremarkablepractice.com/podcast-ep277-troubleshooting

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

For more information about Syntropy please visit: www.syntropychirotraining.com

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business

In this episode, you'll discover:

• Here’s what is at stake in the upcoming Presidential Election
• What Chiropractors need to know
• How to take a stand in your practice and community
• Let’s Make America Healthy Again

Episode Highlights

00:50 - Introduction of Del Bigtree, host of The High Wire and ICANN president.

04:10 - The responsibility of discussing impactful, politicized topics is crucial amid current societal stakes, overcoming fears of neutrality to address issues like censorship and the collusion of major entities.

08:05 - A look at the media system and how it is unfairly manipulated by both political parties, lacking equal time for all.

13:35 - How Del became highly rated due to addressing public health concerns leading to involvement in CDC whistleblower story and making the film "VAXXED" with Andrew Wakefield.

14:51 - Finding destiny in editing medical film, feeling uniquely qualified for a project, supported by chiropractors.

19:36 - The government and media corruption, internet censorship, and a growing societal disconnect.

22:45 - What happened with Bobby reached out to Trump after assisination attempt.

24:31 - The rigging in Democratic primaries, with criticism of Kamala Harris being selected without election and changes putting candidates in disadvantage in New Hampshire.

34:19 - A lack of viable leadership choices, mentions Donald Trump involving Robert Kennedy Jr. and Tulsi Gabbard in efforts to reform government, and expresses concern about potential conflict initiated by Democrats.

36:26 - Criticism of Biden-Harris on censorship and vaccine mandates; praise for Trump on free speech.

40:39 - Freedom of speech requires open discourse and access to information for informed decision-making.

45:05 - Pharma spends five times more than oil and gas on government influence, potentially sidelining alternative health perspectives like chiropractors, who were notably active during COVID-19 when conventional care was less accessible.

48:48 - Global governance vs. national sovereignty.

50:39 - Focus on policies, not politics; prioritize children's future and encourage open dialogue.

53:26 - Listeners are encouraged to find courage, self-reflect, and contribute locally.

Resources Mentioned

Watch Robert F. Kennedy Jr’s Step Down Speech at https://www.instagram.com/reel/DAwjmy8v-95/?igsh=MTB2bmFxODc3d3UwMA==

For more information on what Dell is working on, visit https://mahaalliance.com/

To learn more about the REM CEO Program, please visit: http://www.theremarkablepractice.com/rem-ceo

Subscribe to our newest podcast "Build Your Remarkable Practice" here: https://podcasts.apple.com/us/podcast/build-your-remarkable-practice-for-chiropractors/id1734107477

Schedule a Brainstorming call with Dr. Pete

Dr. Stephen’s LinkedIn

Dr. Peter’s LinkedIn

The Remarkable CEO Website

Dr. Stephen’s Book – The Remarkable Practice: The Definitive Guide to Build a Thriving Chiropractic Business