Stop Bootstrapping Everything!
In your private practice business bootstrapping means doing it yourself. There is a time and a place for bootstrapping things, but sometimes you really need to pick your battles. There are a lot of hills in private practice that are not worth dying on.
When we bootstrap everything in our private practice business it saves us a little money up front, but it tends to cost us down the road. I have written about opportunity cost in the previous blogs, but bootstrapping everything in private practice can cost us in other ways as well.
When we focus all our time on simple little tasks that can be farmed out or done by someone else we take our eye off the ball. We get stuck in the minutia of things and lose sight of the bigger picture. We stop focusing on strategy and direction and we start focusing on reacting instead.
The vast majority of private practice owners we work with have no clearly defined goals or vision when we start working with them. They got to the point of being overwhelmed and burned out because they are trying to do it all and just end up reacting to everything that pops up at any given moment. This really creates a bad situation. This is serious burnout.
A big part of what we do is try to turn down the noise and focus on the main goals. When we create a little space in our day to day we can start to really focus on where we are going and maybe even create some creative solutions to some of our business problems that are bogging us down.
One of the simplest ways to create some space in running your private practice business is to stop bootstrapping everything. Let others do some work for you.
Of course this leads to the questions of what do I get help with? What do I give away? Where do I stop bootstrapping?
We can help you with that. We can help you get clear on the bigger vision and goals and help you turn down the noise to make some decisions on what you should stop doing yourself. We do this through modeling out your business and putting hard numbers down so we understand what these things are costing us and what getting help may cost us. We take the guesswork out of what it means to get help and map it out.