Navigating the financial maze of therapy practice ownership can feel like a daunting quest. That's why we're equipping you with a map and compass in the form of the Profit First system, designed to cut through the fog of cash flow confusion. On this episode, I take you through the process of seizing control of your finances, projecting income, and preparing for expenses, all to ensure the foundation of your practice is as stable as your commitment to your clients.We often hear tales of entrepreneurial sacrifice, but what about the chapter where the hero—yes, that's you—gets their due rewards? I pull back the curtain on the emotional roller coaster of starting and running your own business, sharing stories that resonate with the journey towards recognizing one's own worth. It's a heartfelt reminder that taking care of your financial health isn't just good business sense; it’s a non-negotiable aspect of respecting the time, energy, and passion you pour into your practice.Finally, I extend a lifeline to those struggling to find equilibrium between work demands and life's pleasures, offering practical strategies for creating a business that enriches your life rather than consumes it. Learn how to set fair prices, delegate wisely, and establish a consistent paycheck that reaffirms the value you bring to your business. It's not just about serving your clients; it's about serving yourself, too. So join me, and let's reshape your business to be the supporting structure for the life you aspire to lead.Episode 2: Profit First SystemMeet with one of our coaches

Are you ready to navigate the thrilling yet daunting journey of expanding your group therapy practice? In this episode, I open up about the real pressures and considerations that come with team expansion. We're not just talking about adding new faces; we're tackling how to maintain financial stability and ensure the quality of service doesn't dip as you grow. Learn about avoiding the pitfalls of quick hires and creating a compensation structure that works for everyone involved. It's all about crafting a practice that provides both you and your clients with the freedom to thrive. I'll walk you through understanding the anomalies in your business performance, why you should never ignore seasonal fluctuations, and how to craft a proactive plan for financial health. We'll also discuss why starting the hiring process early is a game-changer and the significance of having a growth fund at the ready. Unexpected staff changes? We've got strategies for that too. Meet with one of our coaches

Most practice owners have stumbled through the maze of marketing, often feeling like they're navigating without a map. This episode promises a wealth of actionable advice designed to attract more clients and amplify your practice's success. Owner of Tricycle Creative, Ross Herosian, shares how to establish a clear marketing plan, utilize 'push' and 'pull' strategies effectively, and use content creation to grow your therapy practice. Tricycle CreativeMarketing Clarity PodcastPermission Marketing by Seth GodinMeet with one of our coaches

Escape the shackles of debt and steer your therapy practice towards a flourishing financial future—that's what I'm here to help you achieve in our latest episode.I'll guide you through the 5 step plan we walk our clients through, as well as share a recent mistake I made with debt.  This is a must-listen for practice owners ready to take control of their finances and say goodbye to debt for good. Learn our money management system in Episode 2Debt Snowball MethodDebt Avalanche MethodEmotional Heaviness MethodMeet with one of our coaches

Struggling to maintain financial stability in your therapy practice? Let's change that together. Join me as I unveil the Profit First system—a transformative approach designed specifically for therapy practice owners like you, looking to turn the tide on the often unpredictable financial waves we face. This episode is your guide to setting up a simple, behavior-based financial strategy that promises to shake up the way you manage your practice's money. By aligning with our natural habits of checking bank balances, I'll show you how to gain clarity, control, and most importantly, profitability, through the power of designated bank accounts for different aspects of your business.Free Profit QuizMeet With a CoachBank with Relay FinancialMeet with one of our coaches

Welcome to the Therapy Business Podcast! Our goal is simple: to help you grow your therapy practice in a financially healthy way. We know how challenging the business side can be when managing your practice. We're here to take the overwhelm out of your business so you can make more money and serve more people. https://www.therapybusinesspod.com Watch us on Youtube:https://www.youtube.com/@therapybusinesspodMeet with one of our coaches