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CAO Time
Learning a new skill, such as driving or becoming a therapist, involves a process. In learning to drive, the route is pretty simple. You learn the theory, then you do your driver theory test. Next, you go out and take some lessons. When you’re proficient enough, you do the test. And if you’ve learned your…
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If your therapy practice were a car, who’s driving?
If your therapy practice is a vehicle, are you an owner, a driver or a passenger? Think about a car for a moment. You can enjoy the advantages of a car in different ways. You can own the car, drive someone else’s car, or be a passenger in someone else’s car.
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Investing in Your Therapy Practice
It can take 3 years or more to get any new practice off the ground, and even then, some struggle for ever to earn sufficient income to support themselves. Often the response to that is to “tighten the belt” or trim expenses to the minimum in order to make ends meet. However, there is another…
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How Do I Break Even in my Therapy Practice
How Many Clients Do I Need Or How Much Do I Need To Charge In Order To Breakeven Your total income from your practice is affected by 2 main factors: the price you charge, and the number of hours you work for which you get paid. A change in one factor leads to a higher…
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SWOTting Your Therapy Practice
You’ll probably have heard the term SWOT Analysis. The acronym stands for Strengths, Weaknesses, Opportunities and Threats. It’s a commonly used management tool for identifying where your practice is, and helping you to identify priorities and strategies. Sounds a bit over the top for a therapy practice? Maybe, or maybe not. Often, when talking to…
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Time to Get those Figures in Order!
It’s that time of year again, when those green forms from the Revenue appear in the letter box, and you promise yourself that this time next year it will be a different story. This time next year, you’ll have found a way of keeping track of your practice finances, so that you’re not facing a…
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Starting a Therapy Practice – a Ten Point Plan
Ray Pembroke is a Chartered Accountant and Partner in Pembroke & Pembroke Chartered Accountants, 15 Ormonde Road, KilkennyTel: 056 7762027 email: [email protected] Firm specialises in dealing with the affairs of Medical Doctors and related Para-Medical Practitioners.Ray says: “The initial meeting with us is always free, and, we would be pleased to advise how we might…
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Truth or Myth? Common Beliefs About Money and Wealth – Part 2
Did you resonate with any of those beliefs about money and wealth in my last post on the subject? Did any of them stir any thoughts or feelings for you? Perhaps you can relate to these? Money is the root of all evil. A difficult one this, as it has all the authority of two…
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Truth or Myth? Common Beliefs About Money and Wealth – Part 1
For some years now I have been interested in exploring commonly held beliefs about money and wealth. My interest is in how the beliefs that we learn growing up may shape our actions and behaviour as adults. We are all familiar with the one about not being good enough, either in ourselves, our families and…
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The Importance of Intention
“Nature abhors a vacuum” I was taught in one of my first science classes. Whether you’re talking about air rushing in to fill the empty space, or how other people’s goals and intentions can fill up the space in our lives, it’s true. Nothing gets done without there first being an intention. My big indulgence…