Author: David Leichter
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Why Is Accounting Important in Businesses?
Accounting is more than just a numbers game; it’s the very framework that supports every successful business. From guiding financial planning to ensuring regulatory compliance, the accounting function is the backbone that keeps businesses stable and thriving. Let’s dive into why accounting is essential and how it influences every aspect of a company’s operations. The…
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Financial Fundamentals: Build a Foundation for Success
Business owners understand that a solid grasp of financial fundamentals is non-negotiable. Without it, even the best-laid plans can crumble, leaving your goals out of reach and your long-term wealth in jeopardy. But with the right financial foundation, you can organize, manage, and scale your business effectively. Here’s how to establish those all-important fundamentals. Get…
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Budgeting and Financials in Your Mental Health Practice
Managing the finances of a mental health practice isn’t just about keeping the lights on; it’s about ensuring that both practitioners and patients can thrive. A budget is a fundamental tool for any business. It gives every dollar you earn a purpose and serves as a guide for spending. From the essentials like payroll and…
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What Are the Best Ways to Retain Employees?
It was a sunny Tuesday morning when Sarah, a highly skilled accountant at a mid-sized firm, walked into her manager’s office with a resignation letter. The news hit hard. Sarah was not just any employee; she was the go-to person for complex tax issues and a mentor to new hires. Her departure wasn’t just a…
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Essential Business Skills for Mental Healthcare Practitioners
Running a mental health practice involves more than providing excellent care to clients. It’s about mastering the business side to ensure sustainability, growth, and high-quality service delivery. Whether you’re a solo practitioner or managing a larger practice, these essential business skills can make a significant difference in your success. Financial management: keeping your practice profitable…
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How to Do Pricing in Your Mental Health Practice
Running a mental health practice isn’t just about helping clients navigate their emotional and psychological hurdles; it’s also about ensuring your practice thrives financially. Effective pricing strategies can make the difference between a sustainable practice and one that struggles to stay afloat. Let’s explore how you can set the right prices for your mental health…