THE STORY OF GRAFFEO CHIROPRACTIC

THE STORY OF GRAFFEO CHIROPRACTIC

From ‘mom and pop’ practice to a high-growth business

How Joe Graffeo transformed a 40-year-old family business and increased profit margin by 30% in just one year – while coming into his own as a confident, strategic leader.

Graffeo Chiropractic: A Family Affair

Founded by Dr. Joseph A. Graffeo and his wife Dr. Jyoti Smith in 1979, Graffeo Chiropractic Clinic has been a mainstay in the Portland community for 40 years. Their son, Joe, grew up in the business. Working in almost every department from reception to billing, he got to know the practice from the inside out – and in the process, he realized his true calling was to help others. Following in the footsteps of his father, Joe became a licensed chiropractic physician in 2011 and joined the practice as a partial owner. His wife, Khou, also became a partner and took on the role of office manager.

Joe’s Business Mastery Breakthrough

A few years later, Joe and Khou attended Business Mastery. While there, Tony helped Joe realize that his true gift in business was that of an artist/producer. Passionate about his work, he provided outstanding chiropractic care and had "raving fan" clients – most of them referrals – but he struggled in his role as a business leader. “I was very comfortable with hiring people and delegating, but I failed to fully own and embrace being a leader.” As Tony says, the chokehold on any business is the psychology and skills of the leader – and Joe knew that was the area that he needed to work on.

Stepping Up: Massive Growth

The year following, Joe implemented the business plan he and Khou created at Business Mastery and increased their profit margin by an impressive 30%. “Tony helped me realize all of my strengths and the things I was doing right in my business, but even more so, the spots that were weak and needed to become stronger. Before Business Mastery, I was afraid to look at my weaknesses.”

STEP 1

BECOME A TRUE BUSINESS OWNER

"What you want to become is a business owner. As a business operator, you're always stressed because you’re trying to do it all and you're worried it can’t be done."

— TONY ROBBINS

Confronting Change

Shift from operator to owner

One of the most profound changes that Joe experienced was shifting his mindset from that of a business operator to that of an owner. Often working 60+ hour work weeks, Joe knew he lacked the systems that would allow the business to operate efficiently, let alone the time to focus on the strategy to grow it further. "Making that mindset shift helped me get to a position where I could confront the changes that I knew I needed to make," he said.

"What you want to become is a business owner. As a business operator, you're always stressed because you’re trying to do it all and you're worried it can’t be done."

— TONY ROBBINS

The challenge

If it’s not broke, don’t fix it

One of the most difficult experiences that any business faces is moving from one generation of management to the next. This is especially true in family businesses, when the original entrepreneur is understandably reluctant to change. When Joe came back from Business Mastery with a plan on how to modernize the business, he was met with some pushback from his parents – the clinic, after all, was something they had built from the ground up.

 

"Letting go of the ‘mom and pop’ business mentality was very difficult for my parents. Every new idea I wanted to implement, they would say, ‘Oh, but what if it doesn't work? This is a good structure that has worked for over 40 years.’ Working with your parents can be the most beautiful thing, but it can also be a very difficult situation. This was by far one of our greatest challenges," said Joe.

“If you do what you've always done, you'll get what you've always gotten.”

- TONY ROBBINS

STEP 2

OPTIMIZE THE BUSINESS

Implement a system of control

Joe knew from Business Mastery that in order to fuel growth, he needed to take his core business processes and execute them more effectively. “We were really good at connecting with people, making it a great experience, and healing them. But the actual nuts and bolts of running a business were far weaker than we would want them to be.” Using the tools he learned at Business Mastery, he lowered his overhead by 25% – radically changing the availability of his cash-flow and allowing him to offer more integrated services to his clientele.

Here’s how Joe optimized his business:

1

Hired a Virtual CFO >

Business Mastery speaker Keith Cunningham taught Joe that as an entrepreneur, the most important financial decision is not how to make money, but how to keep it, grow it and maximize it. While he had an accountant, what he needed was a CFO that could translate accounting numbers to financial intelligence. He purchased Keith’s CFO Scoreboard software, which not only provided him with a virtual CFO that helped him dramatically increase revenue, but “gave us a bird’s-eye view on our numbers, showed us where we could maximize, and gave us the strong confidence that we could expand.”

2

Moved to a digital platform >

"Since the practice had been around for over 40 years, we had a lot of set systems and operational procedures that were old-fashioned, and we had not fully embraced using technology," Joe said. He began outsourcing marketing and bookkeeping, and shifted client and internal communication to a digital platform, which significantly lowered his overhead. This also allowed Joe and Khou to be able to manage the clinic with greater accuracy, and stay connected without physically having to be in the office.

3

Maximized the core team >

Since Tony helped Joe to realize that his most valuable skills in business were that of an artist/producer, he hired new employees to balance out his weaknesses – including an operations manager and business consultant. "Before Business Mastery I did not understand the required roles for a business, and felt responsible to do everything. I now show up with a clear purpose and intent – which has dramatically decreased my stress and helped me enjoy my work again."

Get results for your business!

STEP 3

OPERATE WITH 100% CERTAINTY

"People have a need for certainty – certainty that you can avoid pain, certainty that you can at least be comfortable. It’s a survival instinct."

— TONY ROBBINS

Understand their needs

As Tony teaches at his events, we are all driven by the same six fundamental human needs. Recognizing that his parents were driven by the need for certainty helped Joe to understand why they were so hesitant to change – and approach them in a way that would resonate. “Their certainty in the stability of the business is something that they did not want to lose,” he said. “I had to provide them with 100% certainty about what we were going to do, how it was going to work, why it was going to work, and then own the outcome.”

Adopt a growth mentality

Joe also helped his parents change their mindset from needing to feel certain – which can be crippling to a business – to a mindset of growth and contribution. “I knew that if I could shift them into a growth mentality and contribute more, that we could change not only the business, but change our lives.” As Tony says, if you’re not growing, you’re dying – and the reason we grow, is because we have something of value to give.

"Life is really about creating meaning. And meaning does not come from what you get, it comes from what you give"

— TONY ROBBINS

"Life is really about creating meaning. And meaning does not come from what you get, it comes from what you give"

— TONY ROBBINS

STEP 4

The Journey of a Lifetime

While at Business Mastery, Joe and Khou made a life-changing decision – to join the Platinum Partnership. The Platinum Partnership provides the unprecedented opportunity to network with and learn from Tony and master teachers from around the world, while traveling to some of the most spectacular destinations on earth. For Joe and Khou, the experience has been transformative on a professional, personal and spiritual level.

“Joining the Platinum Partnership was not like joining a group, but joining a family. The support you get from each other is absolutely incredible. The trips are some of the most fun and rewarding adventures that I've ever been on. You get to see things that you would never normally see, you get to go to places that you would never normally go – and you're doing it with the most incredible group of people who are are also there to serve and to grow.”

WHAT'S NEXT
A COMPELLING FUTURE

Expansion to multiple locations

Since Business Mastery, Graffeo Chiropractic Clinic has continued to see an impressive 5% growth in collections with a 25% decrease in overhead. Now backed by a bulletproof infrastructure and with the mindset of a true business owner, Joe is committed to helping more people. “I now know with full confidence what I can do, what I can deliver, and how much I can help others,” he said. “Our facility is only so big and can only serve so many people, so in order to continue that growth, we need to expand.” Joe and Khou are in the process of opening up two new locations, which will each serve 1,000 new patients.

WANT TO CREATE THIS TYPE OF SUCCESS IN YOUR BUSINESS?

Join Tony Robbins and the greatest minds in business for a live 5-day immersive event. At Business Mastery, you will learn the revolutionary skills to create a thriving business in any economic environment while discovering how to apply actionable strategies and tools to generate geometric growth.

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