Episode 87 | Getting Back on Track with Profit First for Therapists. with author - Julie Herres

<p dir="ltr">Welcome to the podcast, where we explore strategies to help therapists improve their financial well-being. In this episode, we're joined by author Julie Herres, who shares insights on implementing Profit First, a cash flow management system specifically tailored for therapists. Julie's warm and empathetic approach makes financial management less daunting for therapists, enabling them to prioritize profit and create a sustainable and thriving practice. </p> <p dir="ltr">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.</p> <h2 dir="ltr">Changing the Narrative for Therapists</h2> <p dir="ltr">Therapists Can Thrive Financially Julie believes that being a therapist shouldn't mean a vow of poverty. She aims to dispel the misconception that therapists can't make a good living while doing meaningful work. "I want to change the narrative that being a therapist should be a vow of poverty because I just don't think that is true. I think you can go out there and do this amazing work that you were called to do and also make a good living."</p> <p dir="ltr">Therapists, typically not known for being warm and fuzzy about finances, find comfort in Julie's approach. She creates a safe space for therapists to navigate their financial concerns. "I defy that [stereotype]. That's the work that I enjoy—helping therapists with their finances and providing information for those willing to implement change and improve their practice."</p> <h2 dir="ltr">Understanding Profit First for Therapists</h2> <p dir="ltr">Profit First is a cash flow management system that helps therapists carve out profit intentionally. "By implementing Profit First, you ensure that your business's profitability is a priority from day one." Unlike the traditional