This comprehensive, pre-recorded home study course introduces mental health professionals to the Profit First system, a cash management strategy that ensures a business owner is paid first, and that profit is taken first, not last. This system has been adapted specifically for therapy practices. Through a series of three in-depth lessons, participants will learn how to implement this revolutionary financial management approach to create a more sustainable and profitable private practice.
The course utilizes lectures, case studies, and practical exercises to support the learning objectives and facilitate understanding. Participants will gain valuable insights into managing their practice finances, setting appropriate fees, and creating a sustainable business model that aligns with their values as helping professionals.
Upon completion of this course, participants will be able to:
Explain the core principles of the Profit First system and how they apply to therapy practices
Calculate Current Allocation Percentages (CAPs) and set Target Allocation Percentages (TAPs) for their practice
Develop strategies for handling unexpected expenses and financial challenges in their practice
Lesson 0: Understanding Your Financial Mindset as a Therapist
Video 1: Foundations of Profit First for Therapists
Lesson 1: Introduction to Profit First for Therapists
Video 2: Implementing Profit First in Your Therapy Practice
Lesson 2: Implementing Profit First Percentages
Video 3: Maintaining and Optimizing Your Profit First System
Lesson 3: Profit First in Daily Operations
Lesson 4: Next Steps and Continuing Education
Program Evaluation
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This course is available as part of our monthly membership program. Members have unlimited access to this and other courses in our library.
If you require special accommodations to access this course, please email us. We are committed to making our educational content accessible to all, ensuring that everyone feels included and valued in our learning community.
While this course is not approved for CE credit, it offers valuable insights and practical strategies for improving the financial health of your therapy practice.