Measuring Success

Metrics are the standards that you measure your performance by:

  1. Budgets and cash flow projections for 1 to 5 years out
  2. Fee/Practice cost profitability analysis
  3. Market fee analysis
  4. Marketing and Social media reviews to meet growth targets
  5. Key Performance Indicators (KPIs) that impact your financial performance
  6. Practice financial trend analysis, and compared to other similar practices
  7. Physical and software inventory management for profitability
  8. Decision-making for equipment purchase and major cash outlays
  9. Staff salary analysis
  10. Compensation/benefits package design
  11. Prepare and align your practice for your exit strategy