The Wall Street Journal recently reported small businesses created 64% of new jobs over the past 15 years and have cut five million jobs within the last two years. The economy has prompted private practice professionals to express concerns about the future of the economy and its impact on small business.
A recent survey conducted for private practice physical therapists asked these professionals how the present economy has affected their business.
However, the majority of responses on the survey indicated that few physical therapy practices are operating in prosperity.
P. Christopher Music, author of What Every Private Practice Physical Therapist Needs to Know About His or Her Financial Future, states that physical therapists that have a financial strategy for managing risk in place will survive better during the tough times. “In today’s economy where the threat of financial loss is great, having this in place gives professionals a chance to do what they love best - their profession.”
About P. Christopher Music:
After 18-plus years of being a financial planner, P. Christopher Music decided there had to be a better way. Witnessing financial debacles of big industry and government-driven economies caused Christopher to take action, developing an instrument that measures the success of any financial plan. The Financial Prosperity IndexTM (FPI) is the back bone of Music’s firm, Wealth Advisory Associates (WAA). WAA is a financial planning firm focused on helping private-practice physical therapists understand and implement the most effective strategies to achieving financial success and security. Visit www.wealthadvisoryassociates.com
