Starting a mental health group practice is an ambitious and rewarding endeavor, but it is not without its challenges. Many mental health practitioners grapple with limiting beliefs that can hinder the growth and development of their practices. In this blog, we’ll delve into eight common limiting beliefs and explore various responses to address and resolve…

Starting a mental health practice is a significant endeavor that can be both professionally and personally fulfilling. While many mental health professionals choose to go it alone, forming a partnership can be an excellent option that offers unique advantages. However, like any venture, there are important considerations, advantages, and potential pitfalls to keep in mind…

Cost management is crucial for any business, especially in uncertain economic climates. We are living in times where interest rates are bordering 8%, inflation is at historic highs, gas costs are through the roof, and the economy looks to be months– if not longer– from recovery.  Below are some tips you can use to mitigate…

Profitability – it’s the end goal for most business owners, the key marker of success. Yet, in traditional accounting practices, profit often gets sidelined, treated as the remainder after all expenses have been taken care of. This is where Profit First Accounting, an innovative financial management system, comes into play. Unraveling Profit First Accounting The…

Running a mental health private practice is no different from running any other business. And just like any business, it’s crucial to maintain accurate accounting records. Sadly, many mental health practitioners tend to make common accounting mistakes that can hurt their business. These slip-ups may be common, but they can be costly. So it’s vital…

When it comes to finding a CPA for therapists, it’s crucial to have someone who understands the ins and outs of your unique accounting needs. Accurate accounting practices and staying on top of industry-specific regulations are very important for your therapy practice’s success.  As a therapist, you’ve got specific financial considerations like industry-specific regulations, tax…