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Lifestyle Practice Builders - Chiropractic Business & Marketing

183 EpisodesProduced by Lifestyle Practice BuildersWebsite

Interviews and insights from top performing chiropractors, entrepreneurs, and marketing professionals. The Lifestyle Practice Builders Podcast is the ultimate online chiropractic business resource with tips, guides, case studies and tutorials on everything you need to know to build YOUR practice aro… read more

33:34

CBM 062 : What You Must Know to Turn Your Practice Into a Wealth Factory - Part 1 - Guest: Garrett Gunderson

Garrett Gunderson has dedicated his career to debunking the many widely accepted myths and fabrications that undermine the prosperity and joy of millions of hard-working, honest business owners. Gunderson’s company, Wealth Factory, empowers its members to build sustainable wealth through financial efficiency and organization leading to clarity, peace of mind and financial confidence. His firm was named to the INC 500. He is the co-author of several books including the New York Times bestseller, “Killing Sacred Cows”. Garrett has also appeared on CNBC, Fox News, ABC, and is a contributor to Forbes and publications.

Show Notes

  • For people to enjoy life, must have financial comfort.
  • Patrick Gentempo and Garrett’s personal story about his connection to chiropractic.
  • Personal finance for business owners, financial freedom instead of dependency.
  • “Treadmill factor”
  • 125 people per year get one-on-one with Wealth Factory.
  • Business sizes $500K-$10 Million for one-on-one, below that can do group sessions or phone calls.
  • Bottlenecks in business – the owner (under $1 million).
  • Train and prepare someone to take on a role for you, so you (as the owner) do not have to wear all the hats of the business. Hiring a GOOD person is worth it.
  • Wealth Architecture Premium
  • Take time to focus on your vision, how to create more value.
  • 93% of chiropractors overpay on their taxes.
  • Tax deductions – expenses that can become deductions, donating artwork, etc.
  • Student loan debt: take inventory for all loans and write down balance, take minimum required payment and divide it by the total=cash flow index.
  • Restructuring loans appropriately and improving credit score

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