Your Clinic Needs You! Not Your Evenings Doing the Books
There seems to be an unwritten rule when you own a business that you should somehow be able to do everything.
See clients all day. Answer messages. Manage staff. Order stock. Keep on top of social media. Deal with suppliers. Check the bank. And then, apparently, spend your evening doing the books.
I’m not entirely sure who made that rule, but I’d quite happily scrap it.
For many aesthetics clinic owners, doing everything yourself is simply how the business begins. In the early days, you wear every hat because you have to. You know every client, every appointment, every payment coming in and practically every product sitting on the shelf.
But as the clinic grows, that becomes harder to sustain.
More clients mean more transactions. More treatments can mean more stock, more consumables and more equipment costs. Add staff, payroll, VAT where relevant, tax deadlines and perhaps plans for bigger premises or another practitioner, and suddenly the financial side of the business has become a job in itself.
And no, keeping all of it in your head is not a finance system.
The problem is that finance is often the part that gets pushed to the evening, the weekend or the bottom of the list. The clinic is busy, clients need you and there are only so many hours in the day.
That can mean the bookkeeping is always slightly behind, you aren’t quite sure what the next tax or VAT bill might be, and every time you want to make a bigger decision you have to stop and work out whether the business can actually afford it.
A full diary is lovely. A full diary with no idea what you have actually made is less lovely.
This is where handing over some of the financial management can make a real difference.
And I don’t mean handing over control.
There is a big difference between losing control of your finances and having someone help you manage them properly. In fact, done well, it should give you more control because your figures are current, you know what is coming up and you can make decisions using information rather than instinct alone.
That might mean having the bookkeeping kept up to date, knowing what you owe HMRC before the deadline arrives, understanding your payroll and staff costs, reviewing your overheads, or looking at what different treatments are actually contributing to the business.
It can also mean having someone there when the bigger questions come along.
Can we afford another member of staff?
Is now the right time to invest in a new machine?
Would another treatment room pay for itself?
Can I take on bigger premises?
These are exciting questions, but they are also financial ones.
Before you commit £10,000, £20,000 or more, it is worth knowing what the numbers are saying.
Your accountant should not simply tell you what happened last year. As your clinic grows, they should be helping you understand what is happening now and what the financial impact of your next move could be.
Because your time has a value too.
If you are spending three hours on a Sunday evening trying to remember what a payment in the bank six weeks ago was for, that is three hours you are not spending resting, planning, developing the clinic or doing anything else that actually needs you.
And that is really the point.
You do not have to prove that you are capable by doing every single part of the business yourself.
Your clinic needs your judgement, your expertise and your attention.
It probably doesn’t need you staring at the books at 10 o’clock at night wondering why the bank is out by £47.62.
Sometimes growing a business is about knowing what to take on.
Sometimes it is about knowing what to hand over.