How to Choose Your Business Goals

Planning goals for your healthcare practice is imperative to your success. It lays the foundation for the future of your practice, your employees, and your patients. So how do you choose which goals are the best fit for your practice? That’s where I come in. As a healthcare business coach, I will ensure your goals are aligned with your vision and help you stay on track to achieve them. 

3 Business Goals for Your Healthcare Practice:

KPIs

Work smarter, not harder

Financial planning

Goal #1: KPIs

Key performance indicators (KPIs) measure performance and if a company is achieving its key business goals. In a healthcare business, KPIs can measure all healthcare processes to increase satisfaction. These indicators are used to track your progress towards a goal. KPIs can include patient follow-up rate, patient turnover, and employee turnover. 

As a healthcare business coach, my job is to help you set your KPIs and ensure they are being met. If things have changed, they are adjustable as well. By knowing the status of your goals and consistently measuring the success of your practice, we can work together to ensure everything stays on track, and you can start working smarter, not harder.

Goal #2: Work Smarter, Not Harder

The time for working harder than you need to is over. Now it’s time to maximize your skills and work smarter. You can accomplish all your business goals without feeling stressed or overworked. Giving 100% doesn’t have to mean sacrificing your personal life, free time, or anything in between. 

I can help you navigate where most of your time is being spent and start helping you look at ways to reduce the amount of time and energy you are dedicating to it. This could be anything from simple process changes to hiring new team members to help manage the day-to-day tasks. By focusing on working smarter, you gain a positive atmosphere for your team, better alignment towards your goals, and improved mental and physical health.

Goal #3: Financial Planning

I know money is a major stressor for many healthcare business owners. So how do you avoid falling into that same category after starting your own practice? Know your worth, know your skills, and know your audience. 

It may not be one size fits all, but charging the right price for your expertise and knowledge is something many are afraid to do. You worked hard, and you deserve to be paid accordingly. 

Each healthcare professional who opens a healthcare practice generally has a specific patient base in mind. As a healthcare business coach, my job is to sell you to your desired audience, so you don’t undersell your skills or experience. As we work to plan your financial goals for your healthcare practice, I can help you achieve them without sacrificing your skills or prices.

Your business goals are meant to ensure you stay on track to achieve your retirement goals, run a successful healthcare practice, and still have time for yourself. So, if you haven’t mapped out your goals, reach out to me today. We will work together to ensure you are one step closer to success (and retirement) every day!

Building a business roadmap takes time and planning. If you have an idea of what you want, executing it is a different story. That’s where I can help. My job as a healthcare business coach is to make your vision a reality by researching, planning, and helping you execute your business roadmap.

5 Tips to Creating Your Ideal Healthcare Business Roadmap:

Identify

Picture it

Segment

Clarity

Milestones

Identify Your Key Objectives, Goals, & Vision for Your Healthcare Practice

Creating a business roadmap for your healthcare practice isn’t one-size-fits-all. Your roadmap should be unique to your business’ mission while highlighting patient care, growth, and other personal and professional goals that align with your long- and short-term vision. 

If your goal is to work smarter, not harder, it’s crucial to align your healthcare business roadmap with that in mind. A healthcare business coach can help you build a business roadmap that is personalized to the needs of your practice and your goals.

What is the Big Picture for Your Healthcare Business?

Your business roadmap should paint a picture. What is the problem you are trying to solve, and how do you plan to solve it? Each action you take is another step towards completing the big picture. It’s easy to get lost in the day-to-day details and planning, losing sight of your big picture. 

As a healthcare business coach, I can help you achieve both. While you focus on your daily tasks, I will keep you on track, ensuring that you are working towards your big-picture goal.

Segment Your Goals Around Your Vision or Mission Statement

A healthcare business roadmap has many parts that correspond with each goal. By segmenting them into their proper groups, each objective is solidified, making it clear what needs to be accomplished to achieve the overall goal. 

For example, if your three main goals are expanding your healthcare team, patient retention, and utilizing office space, integrate your mission statement into tasks that will help you accomplish these goals and group them together accordingly.

Why It’s Important to Define Clear Outcomes for Your Healthcare Business

Creating realistic business outcomes is imperative to your business roadmap. What are you trying to accomplish? Is there something you can do now that you couldn’t do before? Why is that important to your healthcare business? Focusing on clear outcomes allows you to measure your success.

As a healthcare business coach, I will help you create clear outcomes for your practice. Alongside those realistic outcomes, I will ensure that your business roadmap is full of attainable goals that won’t add tremendous stress to your workload and cause burnout.

Set Milestones for Your Healthcare Business Roadmap and Finalize Your Timeline

Now that you have all the pieces for your healthcare business roadmap, the next step is to set your timeline. While getting everything done as quickly as possible may feel like the best choice, I don’t recommend it. It’s imperative to avoid overworking yourself and your team. Give yourself a realistic timeline and include buffer dates because things happen!

I will keep you on track and ensure your timeline is manageable and realistic, so you don’t have to. Don’t forget – it took a lot of time, planning, research, and energy to build your business roadmap. Give yourself the same amount of time to execute it.

So, whether you need guidance to build your healthcare business roadmap from scratch, need advice to refine it and create a more manageable timeline, or just want a second set of eyes, I can help you reach your goals. Reach out for your Complimentary Consultation today! 

Whether you are new to being a business owner or have been in business for years, it is never too late to map out your healthcare business goals. No goal is too big or too small, but a sound business strategy for your healthcare practice is imperative to your success. If you aren’t sure where to begin or what goals to focus on, a healthcare business coach can help you map out your goals and accomplish them.

5 Things to Focus on When Setting Realistic Goals for Your Healthcare Business: 

Identify your mission

Choose your customer

Set KPIs

Plan financials and growth

Optimize your genius zones

What is Your Mission Statement, and Why Does it Matter?

While some may see a mission statement as a piece of paper, it should clearly state the purpose of your business and the beliefs behind it. It should be well thought out and be something you will always uphold, no matter the circumstances. Think of it as a starting point that eventually turns into a daily reference. 

The ideal mission statement sets the groundwork for your future success. A healthcare business coach will ensure your mission is engrained throughout your goals and always a focal point.

Choose Your Target Audience & How You Plan to Serve Them

Each business owner sets out to serve a specific audience. Why should patients come to your office? What do you provide? How do you stand out amongst your competitors? These are all questions you should ask yourself as you choose your audience. 

It’s also important to decide if you will offer a range of services or just focus on one initiative. By answering these questions in advance, patients know what your practice offers and will come to your healthcare practice knowing you provide the services they need.

Set Key Performance Indicators for Each Healthcare Business Goal

Key performance indicators (KPIs) are indicators of progress towards a goal. By setting target indicators for each phase of your goal, you can track efficiency, quality, and performance. This also allows for any necessary changes and goals to be realigned if they aren’t working as expected. 

In addition, KPIs evaluate the success of your healthcare business or a specific activity. Some examples of KPIs include revenue growth, revenue per customer, customer retention rate, and overall customer satisfaction.

Plan Financial Goals that Align with Your Growth Plan for Your Healthcare Practice

Your healthcare business goals are imperative to your success. By mapping out your goals, you have objectives to work towards. While your goals may include some financial wins, it’s crucial to have goals dedicated to business finances and growth. 

How often do you plan on hiring new team members? Do you plan on adding other medical professionals to your practice? How are you focusing on employee and patient retention? Financial goal planning allows you to see where you are investing money and offers visibility on those funds’ success and return rate.

Utilize Your Healthcare Team’s Genius Zone

Each member of your healthcare team has a genius zone, which is a unique set of skills they bring to your practice. By focusing on their strengths and skillset and utilizing them, you will bring a unique aspect to your healthcare practice. 

When mapping out your healthcare business goals, focus on your skills and hire for the skills you don’t have. By creating a team where everyone offers something unique, you will be one step closer to achieving your goals.

Mapping out your healthcare business goals can look however you want it to but staying focused and prioritizing what is most important is imperative. As a healthcare business coach, I will help you prioritize your goals, ensure any gaps are accounted for, and help you work smarter, not harder.

Things to Look for in a Healthcare Business Coach

If you’ve found yourself struggling to find business healthcare solutions, you aren’t the only one. It can feel overwhelming and lonely trying to navigate everything. However, having someone by your side that has your business’ best interest at heart is crucial to your success.

3 Things a Healthcare Business Coach Can Do for You:

Help you find your strengths

Teach you how to work smarter, not harder

Help you plan and execute strategy

Help You Find Your Strengths

Your strengths are usually right in front of you, but you may be overlooking them. A healthcare business coach will take a step back and look at everything you are trying to accomplish. They will find your strengths and ensure they are being used. Your strengths are what make your business unique.

Healthcare business coaches will help you build out your genius zone, which is the part of your business and services that you excel at the most. Then, by helping you focus on those unique areas, they can help you take your business to the next level.

Teach You How to Work Smarter

We all want to work smarter, right? A healthcare business coach will help you work smarter, not harder, saving you precious time and energy to put back into your business. After all, you became your own boss for a reason, right? You wanted freedom, flexibility, and to do what you love. 

A healthcare business coach will help you work smarter by evaluating where your time is spent and ensuring that you are focusing on what is most important to you. Burnout can be a real thing, so we want to help you avoid hitting that point. By focusing your energy on your goals and aligning your mindset, we can ensure everything else will fall into place.

Working smarter also includes finances. Money is the biggest source of stress for Americans, so a healthcare business coach can help you figure out how to remove that stress from yourself as a business owner. A business coach will identify where money is being spent inefficiently, such as wasted office space. They will also focus on utilizing that money that will benefit your business, such as additional staff or other revenue streams.

Help With Planning and Executing Strategy

Good business strategy is imperative to your success. A healthcare business coach can help you assess your current strategies, implement new ones, and ensure they are followed and managed efficiently. They will also help you plan long-term goals and your future retirement. 

Did you go into business for yourself to be able to retire early and comfortably? You aren’t alone. A healthcare business coach will ensure you stay on that track and achieve the goals you set out to accomplish when you first opened your practice. 

Are Healthcare Business Coaches Worth the Money?

Of course! Many business owners in the healthcare field end up with a ton of debt and stress. But I know that’s not why you opened your business. When you hire me, I will start with a focus on your biggest pain points and work through each problem until we have a solution. Your business venture should be something you are proud of, not something that causes you stress.

So don’t waste another minute. Do your research and hire a healthcare business coach who will be knowledgeable in the field with businesses like yours and always have your best interests in mind. The benefits of a business coach are tremendous and can help you succeed in the short and long term. Let me handle the day-to-day while you stay on top of the larger goals. I will keep you on track and ensure you are being heard every step of the way.

Do you find yourself feeling stuck in your healthcare business? Are you working long hours but feel like you just aren’t moving forward? It may be time to take a step back to evaluate your business critically. 

Doing this evaluation could be the difference between achieving the thriving healthcare practice you set out to create and simply maintaining the status quo. Read on for some top tips for pushing past that stuck feeling by learning to work smarter, not harder. 

How Can I Stop Feeling Stuck in My Healthcare Business?

The key to moving forward and making progress is by working smarter, not harder. When you make a conscious effort to change your mindset, you open yourself up to a world of possibilities. Stop telling yourself you need to do it all! 

Rather than chaining yourself to your healthcare practice, you should be enjoying the freedoms it offers you. Adopting the mentality of smarter, not harder, will help you push past the stuck feeling and steer you towards a thriving healthcare practice. 

How Can I Work Smarter, Not Harder?

You can go from feeling like a healthcare professional stuck in a rut to a thriving healthcare business owner by taking actionable steps. Implementing changes in your daily operations will allow you to take on the role of a healthcare business owner, bringing you tremendous benefits. You’ll find more personal freedom, expansion opportunities in your practice, and a clear path to financial gain with an early exit strategy. 

Tips for Working Smarter 

If you’re ready to rid yourself of feeling stuck in your healthcare business, it’s time to implement changes. Scaling your business can be challenging but will bring the rewards you deserve. 

3 Top Tips for working smarter in your healthcare practice include:

utilizing wasted space 

expanding your team

creating new sources of revenue

Utilizing Wasted Space

Take a good look at your business space. Identify areas that are cluttered, underutilized, or unnecessary. Your location may have the optimal space you have been overlooking. This prime real estate can lead to more efficient use, including additional staff, products, and services. 

Expanding Your Team

It may be time to expand your team, delegate work, and decrease your workload. Stop believing that you must take on every patient yourself. If finances permit, bring on team members to help with daily tasks. Or expand your healthcare practice by finding a healthcare professional aligned with your vision who can share some of your duties and workload while helping you expand your business. 

Create New Sources of Revenue

A new healthcare professional also opens the doors to expand your services. Utilize your wasted space with a new office and bring on a healthcare professional with a new specialty to offer current and prospective patients. 

Consider offering your expertise through new avenues. Explore opportunities to teach, write a book, or create literature for your patients and aspiring healthcare professionals in your field. You have a wealth of knowledge and experience with the ability to offer guidance through additional products and services. You may also find these new avenues quite rewarding, alleviating your feelings of being stuck in your daily grind. 

If you’re ready to take the next step in your healthcare business, it’s time to implement actionable changes today.