Overview

Every practice deserves to be profitable. For therapists, profit is too often an afterthought. You focus on caring for clients and paying rent and clinicians, and take home the leftovers-if there are any. In Profit First for Therapists, Julie Herres adapts the popular Profit First cash flow system specifically for private practice owners. Through client stories and case studies, powerful frameworks, and simple tips, she lays out a clear path to profitability. In this book, you will learn how to: Implement Profit First in your therapy practice, step by step Determine spending guidelines for various stages of private practice Scale your space, your people, and your leadership positions Manage clinician compensation, your group practice's largest expense No matter the size of your practice, or whether you've read Profit First, this book will give you the tools you need to stop worrying about money and achieve financial freedom.

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Julie Herres is the founder and CEO of GreenOak Accounting, a firm that exclusively serves therapists, psychologists, and counselors in private practice across the United States. Over the years, Julie and her team have worked with hundreds of private practice owners and developed serious knowledge about what makes a practice financially successful. GreenOak's goal is to help practice owners feel comfortable with the financial side of their businesses and have profitable practices. Some of the firm's biggest success stories were achieved through implementing Profit First. Julie is an accountant, consultant, speaker and the host of the Therapy for Your Money podcast.

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