Therapy For Your Money

Today, we're introducing a new series to the podcast - Client Coaching! Julie is chatting with Dr. David Goode-Cross about the challenges in his own business and how to tackle each problem including onboarding new clinicians, best practice when scaling his practice, and investing in real estate.    Dr. David Goode-Crosse is the owner and a psychotherapist at East Towson Psychological Services...

Federal Quarterly Estimated Taxes can be tricky. You may not be sure if you’re required to pay them, how much or when to pay, or even how to make the payments… but that’s what we’re here for! Today, Julie talks about all things E.T.P. (Estimated Tax Payments) and how to navigate them.  Episode Highlights: Who is required to make Federal Quarterly Estimated Tax Payments? If you are self-employed, a...

We know how difficult it can be to place a dollar value on your private practice… you’ve built it from the ground up, and you want to make sure you’re getting a fair offer. Today, we’re chatting with Craig Goldslager of Utterly Financial, who has a passion for helping private practitioners prepare a strategy for retirement and exiting their business!  Craig Goldslager is a graduate of the Universi...

Summer is finally here! To kick off the holiday weekend, we wanted to give our listeners some of the BEST business books to add to your reading list. We know that business sometimes slows down in the summer, which makes this season the perfect time to brush up on some knowledge and maybe get some new ideas of systems, processes, and financial tricks you can incorporate into your business. Episode...

The most important part of running your private practice is being compliant! There are a number of things, from intake forms to your legal entity, that you are responsible for maintaining legal compliance. After working in the same Greater Baltimore community for some time, Dan Mayer, an attorney, and Melissa Wesner, a counselor, decided to join forces in order to offer mental health providers the...

There are countless ways to expand your therapy expertise into additional streams of income! If you're interested in starting an online coaching program, creating evergreen digital content, or building your online presence, then today's episode if just for you. We're going to break down the "what", "how", and "when" for expanding your income online! Mar...

Being a therapists can be tough on it's own... then add on being a business owner, manager, and administrator... and you just might end up getting burned out! This can also take you away from other aspects of your life, such as your family, friends, and personal goals. In order to achieve more in your business in the long, take a listen to today's episode for some tools for dealing with...

Are you ready to begin your next chapter and step into retirement? You may not be sure how to start transitioning yourself into your retirement phase, but this episode will take away the fear of stepping away from your business and give you some great tips to get started! Murs Tariq is a Certified Financial Planner and a partner at Peace of Mind Wealth Management. With over a decade of expertise i...

Your relationship with money has a lot of similarities to your relationship with a partner! You have to set boundaries, focus on communication (with yourself), and be present in the moment when making big decisions. Just like you might need a couples counselor for relationship trouble, you might benefit from having a business coach for your money! Jane Carter is a counselor and business coach who...

Do you find yourself struggling with your relationship with money? This can lead to shame-spending and financial frustration! Just like you would set time aside for personal self care, you should also focus on your financial self-care. Setting a date with yourself to pour a glass of wine and figure out a sustainable budget can make the world of a difference.    Jo is all about connecting people to...

When you build a solid financial foundation into your private practice, you set yourself up for success in the future! There are a number of ways you can begin building your foundation, such as automating financial systems, providing yourself a consistent paycheck, and familiarizing yourself with key business financial terms and practices. Linzy Bonham is a therapist in private practice, a consult...

Are you looking for ways to level up your private practice? Well, look no further! We're sitting down with Kasey Compton to talk about her new book, Fix This Next for Healthcare Providers. She breaks down the hierarchy of needs for private practices and provides you with an awesome workbook of activities to help you apply the concepts in the book! Kasey Compton is on a mission to help busines...

Today, we're tackling a polarizing topic - Dave Ramsey's Baby Steps! We're looking at how each step can be applied to your personal life, as well as your business. Episode Highlights: Dave Ramsey's 7 Baby Steps: Step 1: Save $1,000 for a starter emergency fund Step 2: Pay off all debt using the debt snowball (with the exception of your house) Step 3: Save 3-6 months of expenses...

Tracking KPIs is VITAL to the health of your business! This week, we're here to breakdown some of the most common KPIs found in private practice, give you some examples of how the numbers work, and explain how to understand them. If you're interested in learning more about what KPIs to track in your business, click HERE to check out our blog post all about KPIs! Episode Highlights: KPIs...

This week, we’re answering YOUR questions! We asked our listeners to submit questions and we are excited to sit down and work through them. Today, we will be covering topics from credit card processing and Profit First, to compensation and legal entities.    If you are interested in submitting a question for a future Q&A episode, make sure to click HERE !  LINKS & RESOURCES: GreenOak Accou...

As your group practice grows, you might assume that automatically increases your profits, but that isn’t always the case! Adding more clinicians to your team can increase your expenses in ways you might not have thought, which may eat away at the revenue you’re bringing in. This week, we’re chatting with John Clarke about how to build your group practice while being mindful maximizing your profita...

Are you looking for a new way to market your private practice? We've got a great idea for you! Utilizing TV appearances, such as morning news shows or reality TV, can be a great benefit for your practice. There are a number of ways to get your foot in the door to get started in TV, and we're here to help! This week, Julie sits down with Esther Boykin to discuss TV appearances and how it&...

When it comes to growing your private practice, there may be a lot of obstacles you'll face! Making decisions when it comes to finances isn't always easy, so we break down some of the hurdles you might have to leap over when it's time to expand. Kelly is apart of the accounting team at GreenOak Accounting. She is a team leader and strives to provide the best service to all of our cl...

Adding a Personal Financial Planner to your business team can help you better manage your business by guiding you in clearly defining your goals. They can also help you tie your business goals into your personal life by explaining how much profit you should be making at each stage of your business and how to use that money to live comfortably. On this week's episode, Julie is joined by Ariel...

While insurance companies take care of the majority of  client referrals for insurance-based practices, marketing a cash-pay only private practice is a different ball game! Generating your own leads can be a challenge, and we want to give you the basics to get started. Today, Julie is joined by Whitney Owens, a Licensed Professional Counselor and Private Practice Consultant in Savannah, Georgia. I...

2021 started off with an administration change, which (potentially) means new tax policies! While there haven't been any policies put into effect as of yet, we wanted to make sure our listeners are prepared for changes that may come. From estate tax, income tax, and more, we've got everything you need to know in this episode. (As of recording & uploading in February 2021, none of the...

There are a number of financial hurdles you could face when transitioning from a solo to a group practice, and we're here to break them down for you! On this episode, we are joined by Alison Pidgeon to discuss the ins and outs of growing your team, handling compensation, and how to troubleshoot some problems before you even face them. Alison Pidgeon is a licensed professional counselor and th...

Financial planning and life planning go hand in hand, which is why we wanted to break down the basics of life planning with our guest, David Frank! Lining up your life values with a financial plan can set you up for a successful future and give you peace of mind. Today, we are joined by financial life planner David Frank! David is the owner of Turning Point Financial Life Planning located in Calif...

Adding groups into your private practice may seem intimidating or impossible, but in this week's episode, we make it easy ! Julie sits down with Carrie Haynes, the genius behind The Art of Groups, and talks all about when it's a good time to implement groups into your practice, how to manage compensation of clinicians while adding groups, and some tips & tricks she's learned alo...

If you are wondering if it's time to shift your private practice to a non-profit, or if you're interested in adding a non-profit arm to your business, check out today's episode featuring Tosha Anderson! She and Julie chat all about non-profits in private practice from compliance to compensation. Tosha also mentions some great resources for when you are looking to get started! Tosha...