Savvy owners typically expand their practices by adding employees, making additional investments , and moving into ancillary activities on which they can bill. These additional steps to increase profitability also increase the complexity of their practices.
Most people realize that success creates complexity. What top practice owners and managers have realized is that the management of complexity and leverage is not the job of a traffic cop. As a practice grows, the number of complicated, technical risks that the practice faces also grows exponentially.
Most people realize that success creates complexity. What top practice-owners and managers have realized is that the management of complexity and leverage is not the job of a traffic cop. As a practice grows, the number of complicated, technical risks that the practice faces also grows exponentially.