Private Practice Startup Podcast
Episode 324: QuickStart Guide to Implementing Profit First in Your Practice
Jul 1, 2023
Julie Harris from Green Oak Accounting shares tips on implementing Profit First for therapists, emphasizing financial health, transforming money mindset, and strategic planning for practice expansion. The podcast offers a comprehensive guide to utilizing the profit-first model in therapy practices for improved financial management and sustainable business success.
35:56
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Quick takeaways
- Implementing profit first prioritizes profits over expenses for sustainability.
- Setting up specific business accounts and target allocations is key to profit first success.
Deep dives
Introduction to Profit First for Therapists by Julie Harris
Julie Harris, the owner of Green Oak County exclusively serving private practice owners, discusses how the profit first methodology can transform struggling practices into profitable ones. She introduces the concept of profit first tailored to therapists in her book 'Profit First for Therapists'. Julie emphasizes the importance of every practice being profitable for the benefit of therapists, clients, and the community.
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