Where can you find the time to invest in your skillset? Can you step away from your practice for extended periods? Which systems can you put in place to give you more flexibility as an owner?
In this podcast episode, Joe Sanok speaks with Stacy Tuschl about how to create well oiled practice operations and business systems.
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Meet Stacy Tuschl
Stacy Tuschl started her own business at the age of 18 in her parents’ backyard and turned that company into a multi-million dollar business she still runs today. Stacy is a bestselling author, and founder of the Foot Traffic Formula – helping small businesses around the world get more customers in the door. The Foot Traffic Podcast now has over 1 million downloads and is frequently in the top 30 of all marketing on iTunes where she’s interviewed guests like Suze Orman. Stacy was named the 2019 Wisconsin Small Business Person of the Year by the United States Small Business Administration.
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In This Podcast
- The Value of Learning Other People’s Systems
- Building Systems to Support Multiple Income Streams
- Common Practice Owner Mistakes
- Managing Role Transitions
- Stacy’s advice to Private Practitioners
The Value of Learning Other People’s Systems
It’s so valuable to be in a room where you can see different ways of how things are being done.Stacy Tuschl
Oftentimes, business owners start out and find that they can’t step away from their business for more than two days without operational hang-ups.
Nonetheless, it’s important to invest in yourself and your skillset, because you can learn how to put systems in place that will allow the business to operate when you’re not around.
Attending business courses and conferences will give you access to other people’s experience and expertise, which you can then incorporate into your own business.
Building Systems to Support Multiple Income Streams
The thing that I want people to see and understand is, before I ever open a second location, I was completely removed out of the first one.Stacy Tuschl
Be careful of starting a second business or moving to a second location when you haven’t fully separated from the first business. This often leads to burnout.
Instead, train and teach someone to take over the business, and only then transition into the next one.
It’s about getting the right people in place with the systems they need to have success moving forward.Stacy Tuschl
Common Practice Owner Mistakes
I promise you, there is nothing in your head that you couldn’t be teaching.Stacy Tuschl
Practice Owners often make the mistake of assuming that there are jobs that only they can do. They then end up with too many tasks on their plate, when they should actually be delegating them.
The first step to resolving this is to believe that someone else can do as good a job as you – but acknowledge that it will take time.
The second step is to train someone before you delegate the task to them.
Managing Role Transitions
The challenge for an owner transitioning away from a role is that clients and employees still expect to see them performing that role and fulfilling those responsibilities.
To transition out of a particular role in a company, you should try to “shine the light” on the abilities and strengths of the person succeeding you. That way your clients will be more comfortable with the transition.
Stacy’s advice to Private Practitioners
If you’re committed, you can figure out any problem you have.
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Meet Joe Sanok
Joe Sanok helps counselors to create thriving practices that are the envy of other counselors. He has helped counselors to grow their businesses by 50-500% and is proud of all the private practice owners that are growing their income, influence, and impact on the world. Click here to explore consulting with Joe.
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