I wrote Profit First for Therapists to give practice owners the tools they need to have a profitable practice. In the book, I share all the tricks and tips I have developed while implementing Profit First in a private practice. In addition, I share my knowledge on many other important financial topics like scaling, compensation, paying down debt and more.
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Julie Herres: Detailed Bio
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 and an enrolled agent (EA). She is also a speaker, author of Profit First for Therapists and the host of the Therapy for Your Money podcast.
Julie Herres: Quick Bio
Julie Herres is an expert in Profit First who has helped hundreds of private practice owners gain financial freedom. Founder of GreenOak Accounting, the country’s largest firm serving the mental health industry, Julie is an accountant, consultant, speaker, author of Profit First for Therapists and host of the Therapy for Your Money podcast.
Profit First for Therapists: Summary
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.