Episode 324: QuickStart Guide to Implementing Profit First in Your Practice
Private Practice Startup Podcast
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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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