In this episode of the PT Entrepreneur Podcast, Doc Danny tackles the fear of making your first hire. Learn how to calculate the break-even point for a new employee, strategies for building their schedule, and how to overcome the anxiety of salary burdens. Whether you're hiring part-time or full-time, this episode provides actionable insights to help you grow your team and business with confidence.

Key Takeaways:

• First Hire Fears: Hiring your first employee can feel daunting, especially with the perceived salary burden.
• Break-Even Calculation: Determine break-even by dividing the employee's salary by your average visit rate to calculate the required monthly visits.
• Part-Time vs. Full-Time: Both models can work, but full-time provides better focus and scalability if cash reserves allow.
• Initial Goals: Aim to get a new hire's schedule one-third full (break-even point) within the first 1-2 months.
• Growth Potential: Most full-time providers settle at 105-110 visits/month, far exceeding the break-even threshold.
• Recurring Visits Help: Strong recurring visit volume reduces the burden of new evaluations, building schedules faster.
• Plan for Reserves: Expect initial salary costs for 1-2 months before break-even and ensure cash reserves to cover early deficits.
• Mindset Shift: Focus on manageable goals like reaching break-even, not filling the schedule entirely right away.
• Scalability: Bringing on talented clinicians elevates your business and relieves pressure once they reach profitability.

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In this episode, Doc Danny explores a compelling New York Times article, "You Don't Have to Be Injured to Benefit from Physical Therapy." He discusses the evolving role of physical therapists as proactive health and wellness providers, why the Swiss Army knife analogy fits the profession, and how clinics can position themselves to meet the growing demand for long-term, holistic care. Tune in to learn how to build lifelong patient relationships and the future of PT in a proactive healthcare landscape.

• Join our 5-Day Challenge at physicaltherapybiz.com/challenge

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In this New Year episode of the PT Entrepreneur Podcast, Dr. Danny emphasizes the power of intentional business planning. While acknowledging that no plan is ever perfect, he highlights how simply sitting down to reflect on your goals, areas of improvement, and priorities can set you apart from most business owners. Danny explains the difference between reactive busywork and intentional progress, encouraging listeners to focus on forward momentum—even if their plans aren't flawless.

Key Takeaways:

• Planning, even imperfectly, beats no planning.
• Reflecting on your business creates clarity and direction.
• Avoid reactive busywork and focus on intentional progress.
• Taking a 30,000-foot view of your business helps prioritize growth.

• Join our 5-Day Challenge at physicaltherapybiz.com/challenge

• Apply at physicaltherapybiz.com/apply

• Leave a 5-star review on iTunes if you enjoy the podcast!

• Encourage a friend to do the same!

• Join our free PT Entrepreneur Facebook Group at facebook.com/groups/ptentrepreneur