Episode 64. 7 Money Mistakes I Made When I Started My Practice (Ouch!)

Whooo boy.

Sometimes, it’s a miracle this business of mine ever worked…. but it did, in SPITE of what I’m going to share with you today, lol.

When I started my practice, I had to figure out everything on my own. With no such thing as coaches, masterminds, online courses, or even a business class in grad school, no one taught me how to run a business.

Looking back, I can see at least 7 big mistakes I made, and not surprisingly - they were ALL about how I handled the money.

Sharing those with you today.

In this episode, you’ll hear: 

1. How to separate business and personal finances
2. How to make sure you’re ready for taxes
3. How to handle client accounts and…

…most of all, why understanding how to handle the money side of things is vital to the success of your practice.

My hope is that by sharing my experiences and a few hard-learned lessons, you can avoid some of the pitfalls that I fell into.

 

P.S. If you enjoyed this episode, please take a minute to share your 5 star review and a few words over on Apple Podcasts or even Spotify. If you’ve been meaning to do that, but keep putting it off, how about heading over there now? Then send me a screen shot so we can celebrate together! :)

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MENTIONED:

Episode 63: The Power and Magic of Running a Soul Aligned Practice: An Interview with Maira Holzmann

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FREE RESOURCE:

Are you cramming client hours into a packed day? Working hard but feel like you're still not making any money? With decades of experience, I’ve found a LOT of ways to boost your bottom line, and I’ve pulled some of my favorites together into a free guide for you.

Download this today, check out what’s inside, then tell me which one you’ll try first.

31 Practical Ways to Increase Cash Flow In Your Private Practice

Support the show

Wendy Pitts Reeves, LCSW
Host, Ideal Practice
Private Practice Coach and Mentor

www.WendyPittsReeves.com
[email protected]