The Australia Counselling Podcast

091: How to Unscramble Your Private Practice Numbers for Financial Success

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As a therapist in private practice, you're probably not excited when it comes time to do your bookkeeping and accounting. You came into this field because you love working with clients and changing people's lives and likely don't have a background in finance or economics.

However, if you don't stay on top of your numbers, your therapy business is flying blind without clear goals and strategy for increasing your income over time.

So we spoke with accountant and financial expert Amanda Fisher, who has recently published a book called Unscramble Your Numbers: Unlock the Secrets to Your Business Cashflow about how therapists can start to manage their finances better and get their business on track for financial success.

In this interview Amanda discusses:

  • why the numbers get scrambled for so many therapists
  • what numbers should we be looking at in our business
  • what are the biggest mistakes she see therapists make around their numbers
  • what can happen in business when we are not on top of our numbers
  • why you need to use cloud accounting like Xero.com to streamline your business
  • whether writing down our financial goals really makes a difference
  • what business metrics we should look at on a regular basis
  • whether therapists really need a budget and cashflow forecast
  • the key numbers and reports therapists should be looking at and when
  • the benefits of investing most your profits back into a business that is trying to grow
  • how to interpret the numbers and indicators your business is in trouble

    • Get the show notes at http://australiacounselling.com.au/91

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    The Australia Counselling PodcastBy Clinton Power