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Profit Answer Man: Implementing the Profit First System!

Jun 13, 2023

Profit First for Therapists with Juile Herres

In today's episode, our guest Julie Herres, owner of GreenOak Accounting and author of Profit First for Therapists, discusses financial management and compensation models for therapy practices. She covers topics such as the challenges faced by mental health therapists in the insurance industry, the different compensation models commonly used in the therapy industry, and the emotional phases of Profit First. Julie provides valuable insights into tracking utilization rates and utilizing physical space efficiently to increase profitability and emphasizes the importance of having a non-judgmental space to talk about money and financial difficulties.

 In this episode, you will learn the following:

        The importance of having a financial benefit to the practice when offering a salary to clinicians.

        The value of a judgment-free money conversation. Money is emotional, so talking to someone and getting advice is crucial.

        Finding a system that works for your business and pushing through the emotional phases of financial management to achieve clarity and ultimately financial freedom.



Hi, I'm the Profit Answer Man Rocky Lalvani!

I help small business owners simplify their financial reports to make more informed business decisions with fewer hassles. We utilize the Profit First system created by Mike Michalowicz

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Music provided by Junan from Junan Podcast

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.