In this episode, CEO and Founder of Practice Freedom U, Jamey Schrier, talks about creating success by changing mindsets.
Today, Jamey talks about developing a growth mindset to achieve greater success, what the biggest problems are that owners face, and how to ‘fix’ those problems. What’s your goal for the next 30 days? How do you keep your energy tank full?
Hear about the different growth mindsets that owners get wrong, reacting versus responding, and get some valuable advice on how to grow and become more successful, all on today’s episode of The Healthy, Wealthy & Smart Podcast.
- “How someone thinks determines the actions they take, and the actions they take produces results.”
- “The eyes only see, the ears only hear what the brain is looking for.”
- “You have got to look at a yourself as the owner, the CEO, the entrepreneur, the head honcho.”
- “Being busy is not an owner mindset.”
- “You have to slow down. You have to pause. You have to spend more time getting out of the immediate present.”
- “The biggest problem with the overwhelmed operator is there’s not organisation in place, there’s not systems in place, there’s no control over one’s time.”
- “The more you can bring people in an organised, systematic way, the less overwhelmed you’ll be later on.”
- “The best is yet to come. The future is brighter than the present and it’s brighter than your past.”
- “Business is all about trying things, failing, learning, and trying again.”
- “What you focus on, what you pay attention to, grows.”
- “You don’t know what you don’t know, and you never will no matter how smart you are.”
- “It’s not enough to be busy – so too are the ants. The question is, what are you busy about?”
- “Keep your tank full.”
- “Reacting is an emotional response. Responding is a rational response.”
- “When things get busier at the office, there’s one thing that you sacrifice more than anything else – that’s your self-care.”
- “You don’t strengthen the weak by weakening the strong.”
- “Overcome your ego. It’s okay you don’t know everything. Enlist some help. Invest in your business. It will pay off dividends in your future – not only to you, not only to your family, but for everyone that’s around you.”
More about Jamey Schrier
Jamey is the founder and CEO of Practice Freedom U, and the best-selling author of The Practice Freedom Method: The Practice Owner’s Guide to Work Less, Earn More, and Live Your Passion. He is a sought after speaker on systems, marketing, and elevating the patient experience. Over the past decade, Jamey has helped hundreds of physical therapists, occupational therapists, speech therapists, and mental health professionals build their highly successful practices and create more financial security without working longer hours.
Owner, PT, Physiotherapy, Business, Entrepreneurship, Purpose, Mindset, Success, Actions, Thoughts, Leadership, Freedom, Productivity, Busyness, Progress, Reacting, Responding, Self-Care,
Discovery Call: https://www.practicefreedomu.com/discoverycall
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LinkedIn: Jamey Schrier
YouTube: Practice Freedom U
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Read the full transcript here:
Speaker 1 (00:01):
Hey, Jamie, welcome back to the podcast. I am happy to have you back. I always love having you on, well,
Speaker 2 (00:08):
Thank you Karen. I am so happy to be here.
Speaker 1 (00:12):
And so every time you come on, we talk about some aspect of the physical therapy business, which is great because I know a lot of the listeners want to know more about how to run a business, how to be successful, what’s going on in the market. So let’s kick it off with what is in your opinion, the biggest problem facing physical therapy, practice owners today,
Speaker 2 (00:42):
Karen, you’re just going, you’re just right out of the gate. Like you’re just like, you know what? We’re not messing around. Hey, Jamie telling me about yourself or, or give it. It’s just, I’m going fast ball down the middle either. You’re going to hit it or you’re going to strike out and we’re going to be done.
Speaker 1 (00:57):
Yeah. They, they, they know who you are. You
Speaker 2 (01:01):
That’s a good sign though. Right? what’s the biggest problem facing practice owners today? That that’s a really great question. And the answer may not be what people might think the answer is. The biggest province, really what, the topic that we’re talking about simply put it’s how we think it’s just that simple. There, there’s a, there’s a simple formula that, that I’ve been following for years now, years and years and years. And basically it’s just says how we think, how someone thinks, determines the actions they take and the actions they take, including their communication and their stuff. They do produces results. And too many times I’ve heard people that are not happy with their results, whether it’s referrals, whether that’s revenue, whether it’s profit, whether it’s hiring, whether it’s retention, whether it’s time, God forbid, people want time and control. They don’t have that.
Speaker 2 (02:03):
So if you reverse engineer the result back to, well, why isn’t the result we want? Is it some strategy? Is it some technique and answers? No. It’s how an owner thinks. I mean, let me, let me give you an example. We went to school, right? All your listeners went to school. We are highly educated, very smart people. Now who educated us, right? We had professors in school and we, and, and, and PT school. We had professors who were educating us on what they were educating us on how to be a clinician, more specifically, how to pass the boards, because that is what schools do. They help you pass the boards. So then you can become a licensed clinician, licensed physical therapist. So you do that, whatever one year, you’re five years, 10 years, and you have this urge, you have this thing inside you that says, I want to be a business.
Speaker 2 (03:07):
Now I want to run my own thing. So do you go back to school? Most people do not go back to school care and they don’t get an MBA. They don’t get any kind of, maybe they read a book, hopefully my book, right? The practice, freedom method, plug, shameless plug, but they, they just signed the dotted line. And now they’re an LLC. And what are they doing? They are making decisions with the brain that was built and created with all of the information of how to be a talented clinician, which they are. But now that same brain is making decisions around business and there lies the problem.
Speaker 1 (03:48):
Okay. So you just described most physical therapy owners. So how do we fix this? How do we, what do we do if this is, if this is our mindset or if this is where we are, this is where we’re thinking. And you know, everybody gets, I think people start their own practice because they want to help people. They want to see patients the way that they feel they should be seen, et cetera, et cetera. Right. So how do we take off the clinician hat and put on the owner hat? Or, or do we split it into, how does that work? How do we fix it?
Speaker 2 (04:27):
Yeah. So there’s a great quote by one of my mentors, Dan Sullivan, and it says the eyes only see the ears only hear what the brain is looking for. And we’ve seen this, right. You know, you’re, you’re thinking about buying a car. You know, the last car I bought was a Jeep. Right. I bought a Jeep. I’ve never seen Jeeps on the road. Oh my God. I feel like the whole world has a Jeep. Right. You’re seeing them everywhere. Did they magically all of a sudden become more Jeeps in Maryland? No, because you started your, you started to tell your brain Jeeps, Jeeps, Jeeps. So it really starts with recognizing that this is an issue and you don’t know what you don’t know. And Karen that’s, that’s hard for a lot of people that was very hard for me because I’m a smart person.
Speaker 2 (05:24):
I did really well in school. So did you, so did everyone, I haven’t really made a million mistakes in my, at least academic life course. We wouldn’t have been through school, but then you get in the business and you realize that, you know what, I, I don’t necessarily know how to do this. Maybe I should get help, whatever that means. Like, I think it’s just recognizing that I shouldn’t be an expert at all this business stuff, because I’d been taught. I’ve never been trained. I haven’t done self-development and work on that. I think that’s one of the biggest things we just need to recognize. We’ll get into, you know, I have some specific things that people can do, some tangible things they can do. But I think I just want to get people just to recognize that that’s the issue, because if you don’t think that there’s a problem, even though you’re working 50, 60 hours a week, you’re not making the revenue you want your, your staff is coming and going, or you can’t get them to actually do what you want them to do.
Speaker 2 (06:30):
So you’re taking on some of their job, all those things that we complain about, if you don’t actually say, look, you have created this model. So the only way to uncreate this model is to start to change how you’re thinking about the business. And that starts with how you think about yourself. You have got to look at yourself as the owner, the CEO, the entrepreneur, the head honcho. You have to see yourself like that. That’s scary, right? I don’t think myself, I’m just a PT. The problem is that’s how everyone else is looking at you. And you have to own that. Now you are playing multiple roles here. I’ve said one time, multiple personalities. It’s not really multiple personalities. It’s multiple roles, but your role as a clinician own it when you’re treating treat. But when that ends, you have got to shift your mind to perhaps the role as the director, and then you have to shake.
Speaker 2 (07:36):
It shifts your mind. The role as the owner, the mindset you have for each of those three is so different, especially between the clinician and the owner, how you see your business, how you see your staff, how you communicate to people. That’s very different than a clinical mindset. So I think that’s the first thing we have to own it. The, the, the other big thing is success is 90% preparation and 10% perspiration people may have heard that they may have heard it in different types of things. 99%. This 1% that I’ve heard that before, never really understood what it meant. What does that mean? It means that we are by human beings. We are naturally doers. We do do, do I call up the home Depot model, you know more savings, more doing we’re here to help the doers. So doers like to do they get off on doing stuff.
Speaker 2 (08:38):
And then those people like to be busy, busy, busy, busy, which is, seems to be the mantra of everyone nowadays, what are you doing? I’m really busy, but that is very different than being productive. That is very different than being efficient. So being busy is not an owner mindset. An owner mindset is how can I be more productive? How can I run things more efficiently? How do I utilize my time? Better? That alone will change what you focus on and how you start putting your business together. So this 90% preparation stuff is all about. How about having time to think about your business. If you’re busy all the time, constantly filling your schedule with patients, with meetings, with putting out the fires in your business, just constant stuff. Where’s your time Karen, to just think about what is it, where’s my business going in the next month or three months or week.
Speaker 2 (09:39):
You don’t have that time. You’re just on the hamster wheel of doing, doing, doing busy, busy, busy, and the results don’t really significantly change or worse. They start to improve a little bit, but they improve only because of the effort and the work that you’re doing. So now you’re trapped because if you shift that all of a sudden the results will, will go down. So you get trapped by that. So that, that, that motto of 90% per preparation and 10% perspiration and having this shift of you have to slow down, you have to pause and you, we have to spend more time getting out of the immediate present. And that is my first mindset shift.
Speaker 1 (10:30):
Yeah. It’s hard to sometimes get out of your business so you could work on it, you know, and how, if you can make that mind shift, I think you still, so you can make the shift of like, Hey, I’m the owner. I need to not just work in my business, but work on it. Be creative, things like that. So what advice do you have for people to, let’s say once they’ve gotten that mindset, okay. I am a business owner. There are other things I have to do here. What, what can they do to get to that, that area of creativity and of, well, let’s look at how we can streamline things and be more efficient if you’re always like, well, I have to treat patients because if I don’t treat any patients that don’t have any revenue coming in and that’s not good because I don’t have a business. Right?
Speaker 2 (11:26):
So unless you bought an existing practice, we all come in as what we call it at practice freedom, you a committed clinician, right? Your solo preneur, that’s it. Maybe you have an, a, maybe you have a part-time PT PTA or somebody, but it’s really just you. Okay. That’s how we all come in. That’s how I came in. That’s how you started your business. We all do that. Now committed clinician. The biggest challenge, because the challenges are different between the two examples I’m going to give the challenges with that person is, well, you got to get busy and most of your bills, dizziness is going to, or you got to get busy, meaning you got to generate more work referrals and get your schedule busy. So your job is to start delivering great care, maybe going out, meeting some different referral sources. That’s what most of us do.
Speaker 2 (12:17):
And your schedule will get busier. It always happens. Then there’s going to come a point where you’re like, I’m running at a time. Every time I start to mark it by place gets busy. And when I stopped play starts to go down. So we call that kind of, that role of poster. And you start teetering on the next slide level of business ownership. And the next level is called overwhelmed operator. Love that term. I coined that term years ago because it just describes that type of owner. This owner has hired people. And when you start hiring people, you probably don’t have a lot of organization and systems in place. You just kind of doing it. You’re trying to, you know, I got some good people. I know how to judge people, but you’re you still have your schedule. You’re still doing your stuff. When you hire people, now you’re responsible for them.
Speaker 2 (13:12):
So now all of a sudden this whole HR there’s human resources stuff comes into play. Ignorance is an excuse. It doesn’t matter if you’re ignorant. Like I broke the law department of labor, reached out to me and say, Jamie we got to investigate you because you’re doing some illegal acts. What? Well, you’re supposed to be paying overtime to certain employees. I’m like, I didn’t know that. I thought they were a exempt from that. Like, no, these are exam these. I mean, then all of a sudden I’m like, well, I didn’t know that. And I’m like, well, you’re going to find out, cause we’re going to find you. And I’m like, okay, from now on, I will make sure I have someone on my team that knows that stuff. So what happens with the overwhelmed operator? You start bringing in staff, not only do you have your job now, Karen, but you start taking on other people’s jobs.
Speaker 2 (14:01):
Maybe not the whole thing, but you’re taking on a little bit of it. Right? And there’s reasons for that. The biggest problem with the overwhelmed operator from I call it crossing the street crossing well sometimes. So it’s a big, big, huge river crossing over to more of this idea of practice freedom, which I’ll get to that in a minute is there’s not organization in place. There’s not systems in place. There’s no control over one’s time because you’re busy, busy, busy. That’s why I started with the idea of the problem is we’re not thinking like an owner. You are still an overwhelmed operator thinking like maybe not only a clinician, but you’re probably playing the role of clinical director is not an owner director. So leadership position in your company, but it’s not where the practice owner needs to be. Right? If you’re a director, you need to remove yourself from that position.
Speaker 2 (14:58):
That’s where people are. They’re in one of those two categories. So if you’re, if you’re a committed, if you’re an owner, if you’re a committed clinician, your job is to start bringing people in. But the more you can bring people in, in an organized systematic, having some things in place way, the less overwhelmed you’ll be later on, there’s still going to be somewhat overwhelmed. It’s just kind of part of growing a business, but there’s a way to do it where it’s not so much. So one of the things that we that, that, that I want to share with the group, one of my mindset shifts that nobody spends any time on. I never did. Cause I thought it was a waste of time, whether you’re committed clinician, whether you’re a overwhelmed operator is the mindset shift of the best is yet to come.
Speaker 2 (15:52):
The best is yet to come. I won’t get into the story around this, but really what it means is the future is brighter than the present. And it’s brighter than your past. The future is brighter. You have a vision, you, you have something that you want. Is it written down? Have you taken the time to describe it? John Lennon CRA wrote, imagine, right? Talking about peace and unity. Martin Luther king has I have a dream, not, I have a project plan. I have a dream little kids go to Disney world and Disney land. But when you get older, you think that’s stupid. Why? Because you’re too busy doing it, doing it, doing it, doing it. You don’t step out of the fray and say, where is this all leading to you? And I, before this call, we’re talking about you know part of, part of the program that you’re taking is focusing on, well, what are your personal goals?
Speaker 2 (16:58):
What’s your purpose about what are you about Karen? See, we all have something we’re about. And when you start to create that and develop that, that gives you your north star, that starts to give you direction. That’s a shift. We all have to have to make, you know, I love Bruce Springsteen like the next person, but let’s not have glory days. Our favorite song. Cause that means the best is in the past. So we have to shift that. Why is that important? Because it gives you a a plan. It gives you kind of like the horizon to know the direction you’re moving the company. What, it also does, little known secret. What it also does is let people that you’re hiring, know what they’re a part of. Most of us, most of the owners, at least I can share my own story. Most of the owners I’ve talked to Karen. They don’t have a clue, dental have anything written down a lot of a plan. They don’t have a vision. They don’t even have, they couldn’t even articulate just a dream. Like the, you know, I just imagined the place being like this. It’s usually a half a sentence of kind of, sort of, because they’re just overwhelmed and busy and that’s the place we have to start.
Speaker 1 (18:17):
Yeah. And, and I think getting, making that shift in the beginning, I know I can speak, well, I can speak for myself. Is uncomfortable of like, well, wait a second. I’m not in the, in this role.
Speaker 2 (18:34):
So Karen, why I agree with you, but is it uncomfortable?
Speaker 1 (18:39):
And, and again, I think it’s, it’s I, and again, I’m just speaking for myself. It’s hard to like, let go of that control. It’s hard to step away from being the clinician because part of my identity as a person and an owner is wrapped around being a really good physical therapist, not an entrepreneur.
Speaker 2 (19:01):
So what you’re really saying is a there’s some fear there. And the fear is, and this has been my experience working with hundreds of practice owners. What if I’d only achieve it? Yeah. Karen, I’m not used to failing. What if I don’t achieve it, then I’ll feel like a failure. I’m already overwhelmed. I’m already feeling bad about myself. I’m already feeling ashamed that I didn’t deliver what I said to my spouse and my friends, what I would do when I opened my practice. See, I think it’s more about that fear of failure. And that’s one of the things we have to learn to embrace because this isn’t school, business is all about trying things, failing, learning, and trying again. That is business. And if we want to protect ourselves in a little too Kuhn, you’re going to be miserable. And I hate to see that I was miserable for so many years.
Speaker 2 (20:03):
You’ll never hear anyone say it because I’ve been there. I’ve been in the private practice section. Now for 10 years, I’ve never heard one person ever telling me they’re not doing well. Even though the odds are 85% of them are, how is that? Because it’s pride and you don’t want to tell people that stuff, but it’s really happening. So by writing it down just for you, this is the exercise. Just write it down, create what’s your vision. I don’t care if you use six months, a year, two years, something reasonable, but just write it down. If anything was possible. And remember anything you want to do has been done a hundred million times before. There’s nothing you’re going to want that some other company hasn’t created. So it’s not like it can’t be done, but anyone that helps you, you come to me, first thing I’m gonna say is, well, what do you want?
Speaker 2 (20:58):
Well, I don’t know. Then how can I help you? I don’t know what you’re trying to keep. If you’re going to hire someone, a good somebody, a good person that is going to work for you, better ask you. So what’s your vision? Where are we going with this? Because they’re looking at themselves as what is my growth opportunity here. So it is your duty as an owner. And to your point, yes, we as practice owners have an identity crisis. We actually don’t know who we are. We have to embrace the fact that we are in owner. I know I’m going against what probably people have said before. You will always be a PT. Yes, you will always have a license. You always be a PT, but mentally you have to embrace it. You’re an owner because you chose to go into business ownership. You didn’t have to, it’s a free country.
Speaker 2 (21:49):
You chose it. And there is more that you want. So how about we embrace it? And when you embrace it, it’s amazing what you’re going to be able to achieve. And you’re going to make this whole process a lot more easier right now. You’re making it difficult because you are battling these two kinds of brains. You’re battling that clinical brain, that kilt brain that I don’t know who I am. I’m just a PT and all, but I want this. I want to go on vacation for three weeks. Oh, I want him, I want to make money so I can put money away and write a check for college or, or have this or buy this. I want to help more people than I’m doing right now. And right now I’m not helping enough people. So it’s your purpose. Your impact has to be the keys to this.
Speaker 2 (22:32):
So that’s one thing. I do want to share a, another one. If I may. The other a growth mindset shift is focus. First one is the best is yet to come. The next one is focus. What you focus on, what you pay attention to grows. Now here’s the caveat. It includes crap. You focus on a flower. You cultivate that flower. You put that little seed in there and you water it and take care of it. You’re going to get a nice blooming flower. You cultivate that piece of crap and make it really nice. That maneuver is going to wreak real good. So whatever. So what does that mean? What’s the manure stuff. It’s the stuff that you’re doing. That’s not moving the needle in your business and in your life. It’s the things that, although may be important. It’s not what you should be doing because you can’t do it all.
Speaker 2 (23:42):
And having the mindset of, I gotta do it all. I’m a great multitask. If I get one more person, tell me how great of a multi-tasker they are. Do you realize we are all researchers and science people? There’s no, it’s impossible for the brain to multitask. It can only focus on one thing at a time. All you’re doing is focusing on a lot of one things really, really quickly. And then there’s this thing called residue. This delay, right? If you’re focused on something for a while and you focus on something else that delay, that thing stays with in your brain for a period of time, come on. You’re not going to have a badge of honor saying what a great multitasker you are. Now. I’m not talking about the moms out there. And I, yes, yes. That’s a whole nother world and I’ve seen it with my wife, but I’m talking about business owners, oh, I’m doing this, I’m doing this. I’m doing this. When they do that to me, they do it like they’re bragging. And I go, why, why, why would you want to do that? You don’t even like half the stuff you’re doing. Why can’t you get rid of it? And then we get back to the identity crisis. Well, I can’t let it go. And there lies the issue. So focus having laser focus is like taking a magnifying glass to your business, letting the sun come in and dialing that energy. That is so strong. It can burn through wood.
Speaker 2 (25:07):
You have to have as an owner. And I’ve never met a successful business owner, entrepreneur, CEO that didn’t have laser focus, never in any industry. Never because they couldn’t be in that position. They couldn’t have the level of success. I’ve met CEOs that their company wasn’t great. Oh, they’re all over the place. I’ve seen that plenty of times. So I don’t necessarily what I had my practice. I didn’t call myself the CEO. I couldn’t get around that day. Those two corporate is it doesn’t matter what you call yourself. Just think of yourself as you’re the leader. This is your business. This is your thing. But it doesn’t mean Karen that they have to do it all. No one said to dude, do it all. You’re making this up. You’re taking it all on. And it ain’t working. If it was working, I’d be like, keep doing more, do more.
Speaker 2 (26:07):
Don’t worry. We’ll add more hours to the day. Do more. We’ll take more time away from your family. Do more. It’s not working. So focus. How do you, do you ever see the video? The invisible gorilla talk about focus, type invisible to grill. It’s also called monkey business illusion. So here’s what it is. There’s six people, three in black shirts. I believe three. And white shirts. They’re passing a basketball, right? And the, the, the exercise is count. How many passes? The white shirt? People throw to each other. That’s it? That’s all the directions is. I’ve seen it before. The first time I saw it at the end, the person goes, did you see it? And I’m like, see what? That was 18 passes. Yes. The number of passes were 18. Did you see the gorilla? And I went gorilla fricking no gorilla. There was a gorilla that come out.
Speaker 2 (27:09):
I’m gonna ruin it for people, but you have to see it. There is a grill that comes through the screen that starts dancing around and then walks off the screen. 50% of the people that see it, don’t recognize it. Gorilla. This was a psychology experiment by, by the person that who the psychologist who did this. So being the smart Jamie, I just watched this the other day too. I’ve watched another version of it. Here’s what’s crazy. Of course. I saw the gorilla cause I was looking for the gorilla, but you know what? I didn’t see. I didn’t see the background completely changed colors. I didn’t see one of the people that were passing the ball leave, like it’s wild. What the brain is looking for the brain will see. So we have what’s called and I don’t want to get too technical here, but we have, what’s called a bias. Our brain has a bias. Every single one of us, more specifically, it’s called a negative bias. No matter how much we think we know, we can’t think outside of our own bias.
Speaker 2 (28:17):
So the way you can kind of play with this a little bit is getting very clear at what you are focused on. Thinking through what you’re focusing, then executing the plan. That’s the only way to get through the bias except to have. And this is what I absolutely recommend. Someone else, someone else that’s mentoring or coaching you, you don’t know what you don’t know and you never will, no matter how smart you think you are. And that’s one of the problems we have because we are very smart people, but intellectually smart around physical therapy and anatomy. Yeah. That’s great. But that’s not going to help you with your business, right? So what you focus on, what you pay attention to grows. If you want more referrals, if you want more time than focus on the things that are going to help you do that.
Speaker 2 (29:17):
But the mindset shift is you have to be very honest with yourself. You have to ask yourself, do I like the results I’m getting? Do I like the income? Do I, I know we feel really weird about money and income, but it does pay the bills. Right? Can’t pay the bills in likes, right? Oh, I got a thousand likes. Okay. Well how much you make nothing. Okay. You know, it does take money. It’s okay to make money. What about time? Do you have control of your time? We call it freedom of time. Are you controlling your schedule? You’re missing your kids’ games. Are you missing events with your friends? Are you doing notes on the weekends? And so I was talking to someone yesterday, say, Jay, man, I do notes until 12 o’clock at night. I go, this is your business. And he goes, yeah, I’m working for a lunatic right now.
Speaker 2 (30:06):
Right. But that was kind of funny. So so that’s, that’s the thing. So I like to break it down for most of the committed clinicians and overwhelmed operators out there. 30 days, we, we have, we have a tool called a 30 day sprint. You can use that to 30 day goals. What’s your goal for the next 30 days? Not 90, not a year, 30 days. What does it do you want to accomplish and choose one thing. Karen, just blend it because it’s going to be hard for you to choose one because you’re used to doing 20 and not achieving really any of them at least completed. So that’s, that’s an exercise that everyone can do. What area do you want to improve? Like I said, I gave you, I gave a bunch of examples. There’s one, there’s one code. I’m not monopolizing this conversation about, you know, that you’re like, this is great. I have Jamie on 32 minutes. I’m like, thank you.
Speaker 2 (31:06):
I’m still answering the first question. Right? Henry David Thoreau. Great, great quote. It says it’s not enough to be busy. So two are the ants. The question is what are you busy about? So by focusing more, you change your busy-ness to being intentional with what you’re doing, that moves to being productive. The difference between productive and busiest productive is moving towards something that is desire busy. It’s just activity. And there’s a whole dopamine thing that we all have in our brain that, oh, but when I’m busy and I, I, you know, I take a post-it note and I throw it I feel so good about myself. I’m like, I know it’s that quick dopamine hit that you achieve something. But the reality is you throw all of them away. You keep creating new ones and then you step back a little bit and you realize you haven’t moved anywhere.
Speaker 2 (32:02):
You’re still kind of doing the same stuff you were months ago or even years ago, you know? There’s a, there’s, there’s, there’s one more thing that we have, do we have time? Are we good? We’re good. There’s one more thing I wanna, I want to leave your audience with a growth mindset tip. And that is and this is probably now not probably it’s the most important one and that is keep your tank full. And when I re referred to the proverbial gas tank, I’m referring to your energy level. We have all been in places where we are exhausted. Our energy is zapped. Our brain is fried and we just want to be left alone. If you have kids, you’ve been there many a times. If you have lots of patients, you’ve been there many a times. If you are running a business, you’ve been there many a times. If you’ve got annoying friends, you’ve been there many a times.
Speaker 2 (33:05):
And if something happens when you are in that state of just exhausting fed up, what’s happening is your energy take low, near empty. A problem happens. How do you see that problem? Well, according to research in our beautiful little amygdala or my daughter calls it, the Amy, the gala, when emotion is high, such as when you’re exhausted, fed up too much, intelligence is low. Your brain is hijacked. This goes back millions of years ago. When the Tiger’s coming after you, you’re not going to rationalize the tiger. Your body’s going to go into overdrive and start running. However, what hasn’t changed, even though we’ve transformed and we’ve we’ve, we’ve, we’ve, we’ve got all this new way. And in the neocortex, this is all old school brain stop. Something can happen. And you’ll still get that feeling. You’ll still get that emotional, like, oh my God, I got to react to something.
Speaker 2 (34:12):
And when your energy is low and your tank is low, you start to make really bad decisions. And when you make a bad decision with your friend, you yell at her, right? You yell at your friend, you yell at your kids, you yell at your spouse. You yell at your boyfriend and girlfriend, whoever you yell at people. And then later on you say, I wish it ends. I apologize. I shouldn’t have said that. But when you make a bad decision in your business, oh boy, this is a decision that will, that could cost you thousands of dollars or tens of thousands. I’ve seen hundreds of thousands of dollars with literally one decision. It can cost you employees. It can cost you culture. It can cost you time and it can cost you a hell of a lot of frustration. Now imagine you’re making these types of decisions, some grander than others, all the time, that’s what’s happening.
Speaker 2 (35:10):
Karen, we are making way too many decisions when our tank is well below halfway, and we’re doing nothing to bring our take back up to full. What is a full tank? A full tank is your highest, most creative, innovative place. It’s the place that you just feel on top of the world. It’s the place of the highest level of confidence. It’s the place that your friend says something stupid. And you’re like, oh, you’re foolish and come on. But that same person says something. When your tank is empty, you’re going to bite our head off in business. You have someone asking you a question or someone coming to you for the umpteenth time that so w w if I want to take off next week, what do I have to do? And you just blow up on the person next day. You’re like, yeah, yeah. You know, I’m sorry, whatever that person doesn’t forget.
Speaker 2 (36:09):
Something like that. And when you start doing that and you start reacting, there’s a difference between reacting and responding. Responding is what we do when the tank is full. Reacting is what we do when the tank is near empty. Reacting is an emotional response. Responding is a rational response. So what can we do? The fastest thing you can do when your tank is down is evoke physiology. What we do. So what’s going to turn around deep breaths, count to 10, take 10 deep breaths. I guarantee whatever the problem is, it will subside. And you will think differently about it. Exercise. I know for me, when I exercise, God, I feel great, right? Anytime. And I’ve, I’ve, I’ve infused as I’m not perfect at it, but I’ve infused as, especially the last few years, especially last year during COVID when I think I might’ve come on here.
Speaker 2 (37:20):
And you’re like, Jamie, what’s the secret to dealing with. COVID pause. Just pause. Just stop. Just take care of yourself. Take care of your team. Like just personally. So I’m a great thing to do is don’t make any decisions until after you exercise. I don’t care if it’s a walk. I don’t care if it’s, you know, basketball, I’ll give it a round of golf. If you consider that exercise whatever it is running, you will think differently about the issue. If you have a problem with an employee, take some deep breaths and pause, do not address it in a high level of emotional state. This, if you just stop doing this so often, I will promise you, your business will get better. I promise because you’ll just stop making these decisions that you don’t even realize. We don’t even realize we make these decisions, but then all of a sudden problems happen.
Speaker 2 (38:16):
And then we justify why. And I guarantee, at least with me, the justification was well, Jamie it’s because you’re in a high emotional state. That’s why this problem. No, I started looking for someone to blame. I look for the prop, the answer to the problem, somewhere outside of where it really came from, that gets expensive. That causes you then to hire people you shouldn’t hire to pay. I mean, I paid so much money in marketing and stuff like that. Why I was in a really bad emotional state. And I was just trying to solve it, writing a check on it. Wasn’t it, it wasn’t, it, it wasn’t a rational thought through issue. And I did that again and again, and I did that with a lot of other problems too. So you know, when emotions are high intelligence is low. Karen, this is an opinion.
Speaker 2 (39:09):
This is a fact. We like facts as PTs. This is a fact. So pause 10 seconds, 10 deep breaths exercise before decision. And you don’t have to wait for your, for your tank to get low. I know we do that. Like I’m, I’m one of those. Not only does the light come on, but that, that thing gotta be at the line. Or even below the line for me to go to the gas station. We can’t do that with ourselves. When that thing gets around half, half full it’s time, start, start doing some things, put this into your regular routine. Here’s what I’ve learned over the years. I didn’t realize this. So I started talking to a bunch of people around this particular point of keep your tank full. And I don’t know the exact number, but it’s overwhelmingly more than I would say, 80%. When you, when you get busier, when things get busier at work in the office, there’s one thing that you sacrifice more than anything else. That’s your, self-care you exercise. Normally you stop going to the gym, right? You do yoga, you stop it, you meditate, you stop it. You go, you stop. The thing that actually is keeping you sane and keeping you mentally strong and mentally fit. That’s when you have to pause and saying, I’m the most important person in this company, my thinking and how I think about this business affects everyone in the business, including the staff and the patients and the community. So when I’m feeling like that, I know it’s time to do some serious take care of me time.
Speaker 1 (40:57):
Yeah, absolutely. So now, if we start to, we’ll start to kind of wrap things up here. So I just want to review some of the things that you said that physical therapy owners can do to kind of change their mindset around them being clinician, a PT an owner, to help them be successful. So you just talked about not making decisions on an empty tank or a near empty tank. We talked about changing we talked about some little like mindset tricks and tips and things like that. What else?
Speaker 2 (41:40):
Well, the, the three things that specific thing could be talked about, cause a lot of them have to do with that is growth mindset tip number one, the best is yet to come. The exercise for that is take 15, 20 minutes. You can, you can, you can handle that. Write down what the heck you want one year from today, one year from today, if you and I had a conversation and we were going to look back on to this moment, what would happen for you to feel happy about your business, about your bank account, about your family, about your personal life, what would you, what would have to happen? Write that down. I don’t care if it happens or not. No, one’s going to call you on it, but I want you to go through what it feels like to actually put that down on paper.
Speaker 2 (42:27):
Don’t type it out on the computer. There’s something special about writing it out on paper, right hand to paper. That’s number one, that’s number one, number two, focus, growth mindset. Number two, focus. What we focus, what we pay attention to grows. So what are you focused on? One thing for the next 30 days? What is one outcome? One goal that you want once you do that reverse engineer, that and then say, okay, in order to achieve that goal, what happens? What do I have to achieve this week? Say that exact line. What do I have to achieve for this week? Do that four weeks in a row. And I promise you, I promise you, call me out. If I’m wrong, you will be either hit the goal, go way past the goal or make significant progress, which you won’t be is where you are. Excellent is the 80 tank.
Speaker 2 (43:28):
Keep your tank full. If you get into a high level of emotional state resist making decisions, or if you have to make a decision deep breaths count to 10 exercise, something that helps you increase your energy level. And then of course the second part of that is incorporate that on a regular basis every day, maybe a couple days a week, three days a week, but on a regular basis. And for whatever you do, no matter how busy and crazy life gets, do not sacrifice your time, your self care is the most important thing. There is you are not a hero by killing yourself. You don’t strengthen the weak by weakening, the strong you killing and sacrificing yourself is not helping anyone. You don’t need to do that. And then of course the overarching thing that we’ve talked about is, you know, some of the ideas around really thinking of yourself and considering yourself and talking about yourself as a business owner, right. If you’re treating tree, that’s great. But other than that, you own a business.
Speaker 1 (44:49):
Yeah. Perfect. All right. Where can people find you?
Speaker 2 (44:55):
Yeah, learn more. You can just go to my website practice freedom, U the letter u.com. I got some goodies on there. You can download my book on there. What I would recommend if people want to dive in deeper with me and, and just kind of, you know, you want to have a conversation. I am offering a, what we call a discovery call and we’ll see kind of where you are mentally. We’ll see where your mindset is. We’ll see where your business is and we’ll see if there’s ways we can help you. We do have programs. We’ll see if it’s a, if it’s the right fit for you, if not definitely give you some things that you can do in the meantime, maybe point you in some other directions. So you can go. I’m sure you’ll put that in, but you can go to practice freedom, u.com/discovery call.
Speaker 1 (45:41):
Perfect. And yes, this will all be in the show notes at podcast out healthy, wealthy, smart.com under this episode. So last question, Jamie, what advice would you give to your younger self?
Speaker 2 (45:53):
Oh my God. Overcome your ego. Jamie it’s okay. You don’t know everything enlist. Some help invest in yourself, invest in your business. It will pay off dividends in the future. Not only to you, not only to your family, but for everyone that’s around you, including your staff and community.
Speaker 1 (46:15):
Excellent advice. I love it. I love it. And I feel like you’ve given different pieces of advice each time you’ve been on very impressive. Cause I’ve asked this question before and the advice is always different, so well done. You so thanks so much for coming on and sharing. This was great advice for anyone who is a current owner or who’s maybe thinking about becoming an entrepreneur. So I thank you very much.
Speaker 2 (46:41):
You’re welcome. Thank you so much, Karen.
Speaker 1 (46:42):
Yeah. And everyone who’s listening. Thanks so much for tuning in, have a great couple of days and stay healthy, wealthy and smart.