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1 Unlocking Your Hidden Genius: How to Harness Your Innate Talents with Betsy Wills & Alex Ellison | Ep. 289 32:08
Episode 252 | A Real Example of Implementing Profit First with Mike Michalowicz
Manage episode 441859716 series 2499698
In this episode, I’m bringing back one of the most popular episodes of the podcast from all the way back in 2017—and it’s just as relevant today as it was then.
I sat down with Mike Michalowicz, the mastermind behind Profit First, to explore how group practices can use his proven system to finally gain control over their business finances.
Back when we recorded this, I had just discovered his book, Profit First, and was in the early stages of implementing the system into my own practice. To say it was a game-changer would be an understatement! I went from not taking a profit in my business to consistently paying myself what I deserved, and that shift happened in just a few months.
In this conversation, Mike and I cover:
A real profit assessment from a group practice owner (with a downloadable PDF so you can follow along).
How the Profit First method can transform your practice’s financial health.
The power of niching in boosting profitability.
How to implement Profit First not just in your business, but in your personal life as well.
It’s not just about cutting costs—Mike talks about how to increase margins too!
Mike’s own experience using Profit First in his personal life, and his biggest piece of advice for anyone just getting started.
If you’ve ever felt like you’re working hard but still don’t know where all the money is going, this episode is for you.
➡️ WANT TO BOOST YOUR PROFITS FAST?
If you’re struggling with stagnant profits, overpaying staff, or not understanding where your money is going, the upcoming Profit Booster Workshop is here to help. In just three days, you’ll dive deep into your practice’s financials and walk away with clear, actionable steps to cut unnecessary costs, optimize your team’s performance, and start seeing immediate improvements in your bottom line.
CLICK HERE to learn more and take control of your profits today!
LINKS:
Need extra support? Join The Exchange, a membership community just for group practice owners.
The Group Practice Exchange Programs + Courses
The Accountability Equation™ Quiz
The Accountability Equation Book
CONNECT WITH MAUREEN WERRBACH & THE GROUP PRACTICE EXCHANGE:
CONNECT WITH MIKE MICHALOWICZ:
SPONSORS:
TherapyNotes: An EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. Go to therapynotes.com/r/thegrouppracticeexchange for two free months!
GreenOak Accounting: An accounting firm that specializes in working with group practices. Mention TGPE to get $100 off your first month!
266 episoder
Manage episode 441859716 series 2499698
In this episode, I’m bringing back one of the most popular episodes of the podcast from all the way back in 2017—and it’s just as relevant today as it was then.
I sat down with Mike Michalowicz, the mastermind behind Profit First, to explore how group practices can use his proven system to finally gain control over their business finances.
Back when we recorded this, I had just discovered his book, Profit First, and was in the early stages of implementing the system into my own practice. To say it was a game-changer would be an understatement! I went from not taking a profit in my business to consistently paying myself what I deserved, and that shift happened in just a few months.
In this conversation, Mike and I cover:
A real profit assessment from a group practice owner (with a downloadable PDF so you can follow along).
How the Profit First method can transform your practice’s financial health.
The power of niching in boosting profitability.
How to implement Profit First not just in your business, but in your personal life as well.
It’s not just about cutting costs—Mike talks about how to increase margins too!
Mike’s own experience using Profit First in his personal life, and his biggest piece of advice for anyone just getting started.
If you’ve ever felt like you’re working hard but still don’t know where all the money is going, this episode is for you.
➡️ WANT TO BOOST YOUR PROFITS FAST?
If you’re struggling with stagnant profits, overpaying staff, or not understanding where your money is going, the upcoming Profit Booster Workshop is here to help. In just three days, you’ll dive deep into your practice’s financials and walk away with clear, actionable steps to cut unnecessary costs, optimize your team’s performance, and start seeing immediate improvements in your bottom line.
CLICK HERE to learn more and take control of your profits today!
LINKS:
Need extra support? Join The Exchange, a membership community just for group practice owners.
The Group Practice Exchange Programs + Courses
The Accountability Equation™ Quiz
The Accountability Equation Book
CONNECT WITH MAUREEN WERRBACH & THE GROUP PRACTICE EXCHANGE:
CONNECT WITH MIKE MICHALOWICZ:
SPONSORS:
TherapyNotes: An EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. Go to therapynotes.com/r/thegrouppracticeexchange for two free months!
GreenOak Accounting: An accounting firm that specializes in working with group practices. Mention TGPE to get $100 off your first month!
266 episoder
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1 Episode 265 | The Future of Mental Health Technology: AI Tools for Therapists You Need to Know with Christine Li 20:29

1 Episode 264 | Stop Doing It All! How to Grow a Therapy Practice by Building a Leadership Team 13:29

1 Episode 263 | Building Client Trust Boosts Retention: How to Build Rapport with Clients and Keep Them Coming Back with Josh Satterlee 25:05

1 Episode 262 | Are You Tracking the Right Metrics? How to Track KPIs for Scaling Therapy Group Practice 11:54

1 Episode 261 | Wondering How to Get More Therapy Clients? How Mid-Size Practices Can Optimize Their Client Intake Process with Uriah Guilford 26:19

1 Episode 260 | Therapist Court Prep: What to Say (And Not Say) When Testifying in Court with Tracy Masiello 24:59

1 Episode 259 | Adapt and Succeed with Patrick Casale and Gabrielle Juliano-Villani 20:38

1 Episode 258 | Managing Gen Z Employees with Level Up Leaders 26:20

1 Episode 257 | Building Your Practice Around the Role You Want to Play with Jessica Lackey 19:18

1 Episode 256 | Leveraging Public Speaking to Grow Your Group Practice with Carol Cox 19:12

1 Episode 255 | Continuing Education (CE) Course Creation and Approval with Kimberly Parker 20:24

1 Episode 254 | How Virtual Reality is Shaping the Future of Mental Health Care with Amity Cooper 20:16

1 Episode 253 | Breaking the Cycle of Money Anxiety in Group Practice with Linzy Bonham 21:47

1 Episode 252 | A Real Example of Implementing Profit First with Mike Michalowicz 38:11

1 Episode 251 | Strategies for Balance as a Neurodivergent Group Practice Owner with Patrick Casale 17:17
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