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6min chapter
Episode 324: QuickStart Guide to Implementing Profit First in Your Practice
Private Practice Startup Podcast
Prioritizing Therapists' Financial Health with Profit First Principles
The chapter emphasizes the use of 'smaller plates' by therapists, segregating business finances into multiple accounts for a clearer financial picture, proper allocation for expenses, and discouraging overspending. It discusses implementing profit first principles, psychology behind spending habits, and the motivation of receiving quarterly bonuses from profits.
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