What is hijacking your profit?
I’ll admit that I am in recovery for not-enough-itis, which is frequently experiencing anxious feelings and lack-mindset thoughts.
Not enough clients…
Not enough time…
Not enough money…
When therapists in private practice have the ‘itis…it is natural to fixate on getting MORE clients to make more money. MORE clients can feel like the ONLY answer.
However as Maury says…
“That is a LIE”
In actuality, more clients isn’t necessarily more (headache-free-burnout-free) money. And it’s definitely NOT the end-all-be-all for increasing your income.
Don’t get me wrong, I LOVE helping therapists reach their ideal caseload goals BUT you know what I love even more?
Shining a light on the MANY overlooked money leaks in their private practice and helping them to plug that sh*t up!
I was SHOCKED when I discovered all of the money that I was throwing out the window in my practice!
I want YOU to discover where money may be leaking in your private practice too!
Make sure you grab FREE access to the 6 BIGGEST Money Leaks in Private Practice that therapists tend to miss (and WHY you need to plug them up).
The magnitude of plugging these private practice leaks has allowed me to breathe easy when a client transitions out or cancels a session. Those things used to WRECK me with anxiety and all I could think was..."I need more clients!"
So I am forever grateful to have learned that there were so many OTHER ways to increase & sustain the profit in my private practice.
This also led me to discover money leaks OUTSIDE of my private practice too!
Personal money leaks that is...🤨
In fact, I recently sat down to do my beloved quarterly money leaks assessment. It's a useful practice that always leaves me stoked because I finish richer than when I started.
Here are my 3 Steps to Plugging up Personal Leaks:
List the Leaks!
Pull up your most recent personal and business bank/credit card statements and go line-by-line highlighting any expenses or transactions that look money-leak-suspicious. Money-leak-suspicious means any transactions that are unfamiliar, forgotten, or surprising. Basically anything that makes you pause and go, “Wait, what the hell is that?” or “I totally forgot to cancel that trial subscription!” In this step, you are simply making a list of possible money leaks.
2. Assess It!Next, you’re going to assess each suspicious expense. That means looking up the charge to clarify what the hell it is & if it’s still serving you or worth it to keep. This is where you decipher between costs vs. investments. You’re assessing how much you actually use that kindle subscription, that free delivery add-on, and the ROI with clients on a business directory.
For each suspect, you will make the decision to Eliminate, Mitigate, or Validate.
Eliminate (You’re going kick it to the curb)
Mitigate (You’re going to make adjustments, downgrade a subscription, put a bill on autopay to avoid that late charge again, etc.)
Validate (It’s a keeper and no action is necessary)
3. Plug It!
Now this is the finale and where the real fun is. This is where you login, call, or email to cancel sh*t, adjust subscriptions, and scream “REPRESENTATIVE!” 4 times before getting a live human. Don’t worry, you’ll feel SO good afterwards and be on your way to makin’ it rain in your pockets and not out your window.
I suggest doing these three steps in separate chunks. Meaning, don’t move on to the next step until you’ve fully completed the one before it. And don’t pressure yourself to do all three in one sitting!
Plugging up your personal leaks allows you to enjoy more of your business profit!
Other than raising your fee to make more money seeing less clients, I see the same money leaks over and over with the therapists I work with.
To see which ones you may be overlooking, make sure you grab my FREE list of the 6 BIGGEST Money Leaks In Private Practice that therapists tend to miss (and why you need to plug them up)!