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Published on:

13th Apr 2021

S1 E7 - 5 Ways to Add Revenue to Your OT Business Without Hiring More Therapists

In this episode, I discuss the 5 ways you can revenue in your business. So many of us are service providers, and as we max out our capacity in 1:1 services, we automatically decide to hire another OT. And then another. And then another.

Which, is a solid business model. But.


This episode encourages you to think about OTHER ways, not just by hiring people to generate sales through visits, to grow revenue in your business. And yes, these principles are applicable to product based businesses, as well!


 


Episode Notes


I discuss: The 5 ways to increase revenue in your business. They are:


  • Volume - increase the number of customers

  • Life time value of a customer - average amount of sale and frequency of sale

  • Operating costs - decrease expenses, including paying team members or software

  • Accounts receivable - faster cash injection - paid faster to get $ flowing into your account

  • Pricing - you can increase the cost of your services

Episode resources:


More resources: https://www.trishwilliamsconsulting.ca/podcast-resources


Want the insider secrets from OT entrepreneurs on how they run their successful businesses? Click here to learn more about the OT Entrepreneur Summit and get notified of our early bird pricing.


Want to work with me on growing and scaling your business in order to get paid? CLICK HERE to see the ways we can work together.


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About the Podcast

OTs Get Paid Podcast
This show is for the Occupational Therapy Entrepreneur who wants to grow and scale their business. We know that OTs lead with service, but what about the financial reward? Yep, we are breaking down those barriers and discussing money! Let’s find out exactly how OT business owners get paid, what they spend their business budgets on, their income and impact goals and how you too can grow a profitable OT business and GET PAID.

About your host

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Trish Williams

Hey there! I’m Trish.

I'm a warm, outspoken, driven Canadian OT turned business coach with a passion for helping other OT entrepreneurs build a profitable and lasting business. I have been an OT for 27 years and built two successful businesses. My #1 goal is to lay it all on the table to empower you with the tools and resources you need. I spent years as an entrepreneur working IN my business instead of ON my business, and I now know (and can share!) the benefits of truly embodying a CEO lifestyle. I’ve done a lot of growing (and it never truly ends) and unlocked keys to success in business and in life.

In a distinctly OT way.