As a business owner, it’s important to understand the accounting essentials that will help you get a handle on your business finances. Accounting, while it may not be your favorite thing in your practice to do, provides insight into how well your business is running and helps you make informed decisions. You have a lot…

The budget for your mental health practice is an essential aspect of your business and at the beginning of each year, you make a plan for your money and your business by creating a budget. But it can be challenging to know where to start when it comes to evaluating and analyzing your budget.  It’s…

With the growing demand for mental health services, it is increasingly important that you have a strategy to create and reach goals in your mental health practice.  Goals are targets the company plans to achieve in a specific period and gives the business direction for its path to success. Therefore, goal setting is essential for…

Financial reports are an essential part of running a business and part of the foundation for financial success. They are also a great source of information for measuring your success and adjusting your strategy. But what core financial reports do you need for your mental health practice, and why do they matter? Financial statements or…

Your priority is always the mental health of your clients. But as a business owner, to reach your goals, you need to have a method for measuring your progress. One way to do this is to track the right KPIs for your mental health practice.  KPIs are industry and company-specific, so it’s important to know…

The word budget can feel “limiting”, but in reality, creating a budget leads to higher cash flow and the ability to meet the goals of your mental health practice more efficiently.  Let’s take a closer look at how to build and manage a budget and why it’s an essential tool for your mental health practice. …