In this episode of the Scaling Therapy Practice Podcast, host James Marland welcomes special guest Nate Hendricks, owner of Navigator Bookkeeping. The conversation explores how Nate transitioned from teaching to starting his own bookkeeping business and eventually niching down to serve private practice owners in the mental health field. They discuss the importance of understanding and managing finances effectively to reduce stress and make informed business decisions. Nate shares practical advice on separating personal and business finances, dealing with IRS debt, and the benefits of understanding your financial story. The episode emphasizes the significance of finding your niche and how financial clarity can empower therapists and practice owners to grow and expand confidently.

Show Highlights

00:00 Introduction to Scaling Therapy Practice Podcast

00:25 Understanding Client Financial Concerns

00:51 Upcoming Online Content Cohort

01:12 Interview with Nate Hendricks

01:35 Nate's Journey from Teaching to Bookkeeping

03:17 Specializing in Private Practice

03:59 The Importance of Niching Down

04:39 Starting a Business: Challenges and Decisions

10:43 Finding Your Financial Story

14:50 Success Stories and Client Experiences

21:41 Resources and Contact Information

23:56 Conclusion and Final Thoughts