Episode Details

Introduction

Welcome back to The Wise Practice Podcast! In this episode, we have the pleasure of chatting with entrepreneur and author Mike Michalowicz about finding the best-fit therapist for your practice. Mike is the brilliant mind behind several multimillion-dollar companies and the author of popular business books like Profit First and Clockwork.

Mike Michalowicz (mi-CAL-oh-witz) is the entrepreneur behind three multimillion-dollar companies and is the author of several business books, including Profit First, Clockwork, The Pumpkin Plan and his newest book, All In. Mike is a former small business columnist for The Wall Street Journal and business makeover expert for MSNBC. He regularly travels the globe as an entrepreneurial advocate.

Discovering the Money Bunnies

Did you know that Mike Michalowicz also wrote a children's book? Yes, it's true! Mike explained that he created "The Money Bunnies" to teach kids the concept of budgeting in a fun and straightforward way. The goal was to help the next generation learn about money management early on. It's an idea that resonates with many readers, making it a hit with kids and parents alike.

The Importance of Fit for Therapists

In his newest book, "All In," Mike explores the critical topic of finding the right fit for therapists in a group practice. He shares a powerful model called FASO, which stands for Fit, Ability, Safety, and Ownership. Fit, he explains, is about recognizing that everyone is extraordinary, but not everyone is the right fit for your practice. It's essential to match talent to tasks instead of fixating on titles.

Run Therapy Workshops to Find New Employees

Mike mentions that running educational workshops can be beneficial for both the participants and the company's hiring process. When a company hosts workshops, it allows potential candidates to interact with the company's team and get hands-on experience with the work they would be doing if hired. This practical experience helps the candidates get a better understanding of the company's culture, work environment, and expectations.

On the other hand, the company's hiring team can observe the candidates during the workshop and assess their skills, problem-solving abilities, and how well they collaborate with others. This direct observation provides valuable insights into the candidates' potential and whether they align with the company's values and requirements.

By running educational workshops, the company can go beyond just looking at resumes and conducting interviews. They can effectively evaluate the candidates in action and make more informed decisions about whether they are the right fit for the organization. This approach increases the chances of hiring people who not only have the necessary qualifications but also possess the right attitude and aptitude to contribute positively to the company's success.

Finding the Right Fit for Your Therapy Office

Mike Michalowicz emphasizes the importance of finding the best-fit therapist for your practice and shares a four-step model called F.A.S.O.:

• Fit: He mentions that not everyone is an "A player" for your business, and it's essential to be clear on the roles and tasks needed for the therapist. Rather than focusing on titles, he recommends identifying specific tasks and then matching the talent to those tasks.

• Ability: He discusses the importance of exploring the potential in candidates and the value of looking beyond just experiential ability to include innate abilities and potential in determining the right fit.

• Safety: Safety is crucial for employees to feel free to express themselves fully and give their best performance. Emp