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Managing Your Personal Cash Flow
I’ve written before on the subject of cash flow management, but it’s so important that it’s worth writing about again. The work in a therapy practice can come and go, sometimes with little warning, so it helps to have some strategies in place to help to manage your own finances. Here are a few tips…
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What’s the Best Way to Grow Your Therapy Practice?
I was asked at a recent meeting of therapists what’s the best way to grow your practice. It’s a straightforward question, but unfortunately the answer is not so simple. Oh, I’m sure there are plenty of people out there who will tell you THE best way of growing your practice, and for them, no doubt…
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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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Not Earning Enough? Five Ways to Improve Your Bottom Line
If you find that you don’t earn enough from your practice, if what you have left after paying expenses at the end of the day, week or month is insufficient, then you need to look at what you can do to improve the situation. There are a number of options available, and depending on your…
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7 Tips to Manage Your Cash Flow
Cash flow is the term used for the ins and outs of money in your practice. It’s important to manage it so that you don’t end up at the end of the month with no money to pay the rent, or put petrol in the car. Income in a therapy or counselling practice can be…
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Fee Levels and The Price of Eggs
It started out as a simple question about fee levels, what could he charge, what was reasonable, what were others charging…and I said he could charge as much or as little as he wanted to, it was a simple question of finding a willing buyer at the price point he wanted to set. My answer…
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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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Fee Negotiations: What’s Your Style?
How do you manage the question of fee negotiations? You have a price and you stick to it, regardless? You have a range of prices, and you offer what you think the client can pay? You have a range of prices, and you let the client decide what they can afford? You have an upper…
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Allowing In What We Want
As we turn into the second quarter of the year, and the evenings are getting a bit longer, New Year’s seems a long time in the past, and with it, any resolutions I might have made that 2016 would be different from 2015. Do you hate New Year’s Resolutions, setting intentions, making goals or anything…
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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…