Practically every hands-on practitioner I know says they chose their profession because they wanted to help other people. They very rarely say they’re in it for the money. But the truth is… the primary purpose of every business is to MAKE. MONEY. Without it, you won’t be able to keep your doors open and ultimately won’t be able to help people.

If you ever feel guilty for making good money in your practice--or for wanting to make more money and actually be able to pay yourself from your practice--you’re going to get a ton of value from this conversation. If you’re not separating your business and personal finances, Michelle Cooper will walk you through the steps to get started. And she’ll show you how to do this in super simple steps. 

IN THIS EPISODE OF THE PODCAST, WE COVER:

• The ways that we use money unhealthily
• How failing at our first business attempts actually made us better at helping other people with their businesses
• Why marketing doesn’t fix most of the revenue problems in our practices
• The most common mindset challenges that just about all entrepreneurs face
• What people really mean when they say “it’s not about the money,” and “I’d do this for free,” when talking about their practice
• The struggle of having provided care but then avoiding billing the patients or clients afterward for the services provided
• My golden rule for knowing when you can give care away for free
• Why not separating your business and personal finances can be red flags for the IRS / CRA
• The perspective switch you can make right away if you’re not paying yourself from your business and how your thought process about this affects your habits
• Why closing your debit card might be something you need to do when you’re separating your business and personal finances
• What you need to know about recurring payments and how they can be a sign of self sabotage

RESOURCES AND LINKS MENTIONED IN THIS EPISODE:

• Check out Michelle’s website at alchemyaccounting.ca
• Connect with Michelle on Instagram @michellebcooper
• If you’re a hands-on practitioner who wants to make $5K+/month more with an online course or program so you can stop squeezing appointments on your schedule, take my free class HERE.