It is often easier to ignore or let current financial habits dictate the way we approach business finances. But that leaves space for mistakes, feeling overwhelmed and letting profit disappear rather than grow.
Yesterday, in tandem with Therapy Flow, Julie Herres, CPA, founder of Green Oak Accounting and author of Profit First For Therapists, did a phenomenal training on retaining more profit in your practice. A few quotes:
“Growing more in revenue only increases and compounds the financial problems and habits that already exist”. “Simply adding more revenue does not solve overwhelm”.
Julie talks about how ugly it can be to slow down and take a hard look at what’s going on in the bookkeeping side of your practice.
“Every practice deserves to be profitable”.
It can be hard to know the best practices for managing and maintaining good financial habits for your business, especially if it doesn’t feel like there’s any margin or profit right now. Fortunately, there are strategies to help you do this and Julie provides a great foundation for what that should look like!
For a topic like this, quick newsletter takeaways won’t be enough – it’s certainly worth the time to watch the training we did yesterday in the Therapy Flow Facebook Group.
Big thank you to Julie Herres for offering this to the Therapy Flow Community and putting together a special bonus inside the training!
P.S. Therapy Flow Is Hiring! Last year, we helped over 200 private practice owners in our Flagship Program. As more practices use Therapy Flow to help grow to 6 and 7 figures, we need to hire 2-3 new private practice success coaches.
If you own a successful PP and want to share what you know with other growing counselors and therapists – Check out the job posting and apply today!