Feb 1, 2024
In this conversation, Gordon Brewer, a therapist and podcast host, discusses the challenges therapists face in optimizing profitability. He shares his personal experience of struggling with financial management in his therapy practice and how implementing the profit first system transformed his business. Brewer emphasizes the importance of understanding insurance contracts, setting realistic goals, and diversifying income streams. He also addresses the balance between doing good in the world and achieving profitability, highlighting the need to change money mindsets. Overall, this conversation provides valuable insights for therapists and entrepreneurs in the healthcare industry.
Takeaways
Chapters
00:00 Introduction
01:38 Background and Experience
03:02 Struggles with Financial Management
06:31 Insurance-Based Practice
08:36 Challenges with Profitability
10:42 Key Performance Indicators
17:52 The Impact of Insurance on Profitability
21:21 The Importance of Mental Health
25:00 Balancing Profitability and Purpose
28:47 Changing Money Mindset
30:07 Investing for the Future
34:15 Diversifying Income Streams
35:19 Contact Information
To connect with Gordon, visit his website at https://practiceoftherapy.com/
Welcome to The Profit Talk! In this show, we're going to help you explore strategies to help you maximize profits in your business while scaling and creating the lifestyle that you want as an entrepreneur. I am your host, Susanne Mariga! I’m a CPA, a Fractional CFO, and a Certified Profit First Professional Mastery Level providing tax strategies to 7 and 8-figure entrepreneurs. Let's dive into strategies to maximize profits in your business!
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DISCLAIMER: The information contained within these videos is provided for informational purposes only and does not constitute, an accountant-client relationship. While we use reasonable efforts to furnish accurate and up-to-date information, we assume no liability or responsibility for any errors, omissions, or regulatory updates in the content of this video. Any U.S. federal tax advice contained within is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law.