data

Why Do We Need Metrics?

Why Do We Need Metrics?

Nearly every business owner or manager we speak with is aware that tracking their company metrics is important. Yet many are failing to do this consistently or failing to utilize them properly. As therapists, we have been educated and trained to track our patients’ progress by measuring strength, range of motion, endurance, and various other objective measures.  So why are we not making sure to do the same for our business? In our experience, there are a wide range of challenges that lead to this. Before we get into the challenges of utilizing metrics, let’s talk about why we should do it in the first place. Why Metrics? By definition, metrics are a standard for measuring or evaluating something. We…

APT Insights – February 2022

APT Insights – February 2022

Thanks for joining us for another issue of APT Insights!  APT Insights is a monthly blog post where we share content that we have seen, heard, or read recently and think is worth sharing. Take time to watch, listen, and read some of our recent finds. Take the insights a step further, and incorporate them into your everyday life. This month, you will notice that we have data at top of mind. Business management is our specialty, and business analytics help us use key performance indicator (KPIs) to gauge where businesses stand and make plans to meet set goals. WATCH We don’t have to be data scientists to understand or appreciate data. This TED Talk offers honest and tangible advice…

Strategic Planning for the New Year

Strategic Planning for the New Year

The end of the calendar year, which oftentimes also marks the end of the fiscal year for most clinics, is an opportune time to plan ahead for the following year.  As we near the end of 2021, plans for 2022 should come to mind, and a framework for a successful year should be the focus.   Conduct SWOT Analysis A SWOT analysis is a simple but helpful tool to establish a business strategy.  It works well for new and established businesses alike.   SWOT is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats.  Identifying internal and external elements in each of these categories helps you perform a deep dive into the different parts of the business and establish a plan…