Episode #463: Profit First For Therapists, feat. Julie Herres

In today's podcast, Allison & author Julie Herres discuss how the structure of Profit First helps you bring more money home, how looking at your finances can help you better understand your practice, plus why a therapist version of the Profit First method is necessary.

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About Julie Herres:

Julie Herres is on a mission to inspire every private practice to be profitable. Over the last several years, that dream has become reality as Julie and her team have helped hundreds of private practice owners take their profit first and gain financial freedom. As the owner of GreenOak Accounting, Julie leads her firm with this goal in mind, providing tax, accounting and Profit First consulting services to private practices across the United States. Julie is also a Certified Profit First Professional, an IRS Enrolled Agent, a speaker and the host of the Therapy For Your Money podcast.

About her book Profit First for Therapists:

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 expenseNo 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.