04/04/2026
For the practice owners in my network, a checklist worth being honest about.
Your practice might be underperforming financially, and you might not even know it.
Here are 5 signs to watch for:
SIGN 1: YOU'RE ALWAYS BUSY BUT NEVER COMFORTABLE.
If you're working full weeks and still anxious about the bank balance, your fee rates or margin is wrong. Busyness does not equal profitability.
SIGN 2: YOUR BEST CLIENTS COME FROM REFERRALS BUT YOUR WORST COME FROM DISCOUNTING.
If you're discounting to win work, you're attracting price-sensitive clients who will push your margins down further.
SIGN 3: YOU AVOID LOOKING AT THE NUMBERS.
If you only see the P&L when your accountant sends it, you're managing on instinct, not information.
SIGN 4: YOU'VE NEVER TURNED DOWN A PROJECT.
A profitable practice has the confidence to say no to the wrong work. If you've never done this, ask yourself why.
SIGN 5: YOU TAKE ON EVERY CLIENT WHO ASKS.
Ideal client filters aren't elitist, they're protective. The wrong client will cost you more than they pay you.
How many of those five do you recognise?
One is normal. Three or more means the structure of your practice needs attention, not more hard work.
Save this. Share it. And comment below, how many do you recognise?
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