Therapy For Your Money

There are many different avenues you may travel when it comes to your marketing journey... you may focus on getting on a variety of insurance panels, investing in online marketing, or taking a simple approach with local print advertisements. Today, we've brought in the expert to share exactly how to get the most bang for your buck in marketing your private practice. Joshua Brummel is the co-f...

Welcome to the Therapy For Your Money School of Accounting! Today, Julie's going over key financial terms that are vital to running a successful business. Pre-order your copy of Profit First For Therapists by clicking here! EPISODE HIGHLIGHTS A = Asset Any resource owned or controlled by a business B = Burn Rate Measures your outgoing cash flow based on the money your practice typically spend...

Your private practice and personal finances are more intertwined than you may think! Figuring out what you need to maintain a comfortable lifestyle directly correlates to the revenue your business needs to generate in order to maintain that lifestyle. Today, Julie's sitting down with Nicholle Overkamp of PowHERhouse Money Coaching to talk about making your money work for you, your lifestyle,...

If you've ever had a feeling of doubt that you deserve to have a successful practice  after all the hard work you've put into running your business, you may be experiencing Imposter Syndrome. Today, Julie's chatting about how Imposter Syndrome may affect your finances and a few tips for how to combat it! Click here to check out our Starting A Group Practice Workshop!  Use the coupon...

As a business owner, there can be a lot of hoops and hurdles you have to jump through to run a successful business... It's time to change that mindset by owning your CEO status and learning how hiring and delegation can be used as powerful tools to build your dream practice. Julie's chatting with Brandy Mabra of Savvy Clover about how your money mindset and role as the CEO of your practi...

Expansion can be a scary (but exciting!) time for private practices. We believe that having a data-driven plan is the best way to approach growing your business! Make sure to listen to the full episode to hear some tips from Julie's upcoming book, Profit First For Therapists, available for pre-order now!  EPISODE HIGHLIGHTS: Businesses that grow rapidly are at a higher risk of running out of...

Drumroll please... Julie is ecstatic to announce that her book, Profit First For Therapists, is available for pre-order! Take a listen to Julie’s personal Profit First journey, her process with writing the book, and all the special bonus offers available to anyone who pre-orders a copy.  CLICK HERE if you are interested in pre-ordering your own copy of Profit First for Therapists Also, make sure t...

Have you ever wondered what your retirement options are as a practice owner? Well, your questions are about to be answered! Today, Julie is sitting down with Gulielma Fager of the Toler Financial Group to talk about all things retirement. Before Gulielma because a licensed financial advisor, she spent 20 years in the reproductive health and sex education field, helping individuals, couples, and fa...

To wrap up 2022, we wanted to switch things up and bring you a brand new episode that highlights our listeners' favorite Therapy For Your Money moments! EPISODE HIGHLIGHTS: Episode 56: How to Diversify Your Income and Get More Out of Group Programs (with Annie Schuessler) Episode 61: The Pros + Cons of Different Income Streams for Therapists (with Nicole Liloia) Episode 63: Treat Your Practic...

Managing a group practice can sometimes feel like an uphill battle, but maximizing your revenue can take a lot of the pressure off your shoulders! When it comes to running a healthy business, it's important to take a look at your numbers and ensure your clinicians are meeting your expectations. Today, Julie's chatting with Jacquie Kiefer of GreenOak Accounting about her expertise in help...

Calling all solo practice owners! If you're interested in expanding into a group practice, today's episode is for YOU. There are so many things to think about when it comes to expanding your practice, so we've compiled some information that we think is most useful when setting up your expansion for financial success! Today's guest is Carolyn Chrestman of GreenOak Accounting. Ca...

This week's episode is all about unique strategies you can implement into your private practice in order to provide more accessible care within your community! Julie's sitting down with Vanessa Newton of Colors of Austin Counseling Group and Brave and Well to chat about the many ways she has expanded her outreach and accessibility within her own community. Vanessa Newton, LCSW-S is a fir...

We know practice owners are always on the hunt for new tax tips to help reduce their taxes, and this episode is full of them! We want to make sure you have ample time to maximize your tax savings for 2022 and better prepare for your taxes in 2023. Julie's joined by the Tax Manager of GreenOak Accounting, Emily Grauerholz, and enjoys a chat all about her favorite end-of-year tax saving tips! E...

If you are starting to grow your solo practice (or are looking to restructure your current group practice compensation model) then today's episode was made for you! Julie's chatting with a member of the GreenOak Accounting team, Jacquie Kiefer, about all things compensation and some common problems you can easily avoid when creating a compensation model for your practice. Jacquie Kiefer...

There's been a lot of talk about a recession lately... Are we currently in one? When will the next one be? How long will it last? While we don't have a crystal ball with all the answers, we do have some awesome tips to help you prepare for an inevitable recession! EPISODE HIGHLIGHTS: Tip #1: Make sure you have a business AND personal emergency fund For your practice, we recommend no less...

At Therapy For Your Money, we're big believers in supporting the therapists and clinicians that make such a great impact on our communities. Today, we're talking about a great way to increase your revenue, offer new opportunities to your clinicians, and widen the impact your practice can have through the Clinical Supervision Directory! Today, Julie's chatting with Dr. Amy Parks all...

Since the inception of Therapy For Your Money, we have received so many requests to do this episode, so here it finally is... all about selling your private practice! Julie collaborated with a Development & Acquisition Specialist to answer all of our listener's burning questions about what it entails to sell their practices. If you're interested in finding out where to start, how to...

Welcome back to Season 3 of Therapy For Your Money! We're kicking off this season with a unique episode composed of some personal questions our listeners have asked over our previous 2 seasons, and Julie's sitting down today to answer them. Julie is the owner of GreenOak Accounting, an accounting firm dedicated to helping private practice owners and therapists grow their financial knowle...

We couldn't think of a better way to wrap up Season 2 than with a vacation episode! Today, we're kicking back and looking forward to the summer ahead, and want you to do the same. Make sure to check out our summer reading list at the end of this episode! Episode Highlights: Reason #1 To Take A Vacation - You need it! Running and managing a private practice can be exhausting and overwhelm...

Did you know there are TWO ways you can track your income and expenses? If you're unsure which method of accounting would work best for your private practice, today's episode is for you! We always recommend meeting with your tax professional to discuss this ins and outs of your finances, determine which method is best for you, and ensure your income and expenses are moving smoothly with...

Having a CFO (Chief Financial Officer) as a part of your business team can make all the difference! Along with offering their expertise of the financial world, they can provide budgets, forecasts, and metrics to help grow your business. Today's episode is all about CFOs and why you should consider bringing one on in your practice. Episode Highlights: What exactly is a CFO? A Chief Financial O...

We have our last Tax Deduction episode of Season 2! If you've been wondering if you can consider your own personal therapy as a tax deduction, we've got the answer. Julie is joined again by Heidi Stepzinski, and they are talking about the different instances where meeting with a fellow therapist can be a tax deduction! Episode Highlights: Most of the time, personal therapy does NOT count...

Dogs, cats, hamsters... Oh my! We're back with another episode in our Tax Deduction Series! Today, we are joined again by the wonderful Heidi Stepzinski of the GreenOak Accounting team to talk about therapy animals and how you could potentially save some money on your taxes if you have them! Episode Highlights: What is a therapy animal considered tax deductible for the practice owner? When th...

As the "iron triangle" saying goes - "You can have it fast, you can have it good, you can have it cheap... but you can only pick two". Making an investment in a variety of facets in your business can definitely prevent you from running into issues in the long-term or having to reinvent the wheel. Specifically, when it comes to accounting and bookkeeping, paying for quality serv...

Whether your team is growing or your practice is going through leadership changes, there can be a number of reasons why it might seem efficient to share the financial picture of the business with certain team members. However, this can definitely be a slippery slope! Julie's chatting with Heidi Stepzinski of the GreenOak Accounting team to talk about when it makes sense to share the finances...