Hi there! I'm a financial planner for therapists! I help therapists navigate every element of their financial lives and make financial decisions with ease and confidence – both in your practice and your personal life.
The 5 Mistakes You’ll Make as a Practice Owner
|
Hello Reader, Hope you had a great Thanksgiving. I feel like I’m still recovering, although that’s mostly from the cold I picked up along the way. 😷 As we quickly approach the new year, I’ve been thinking about what I’ll cover in this email newsletter in 2025. AND I’ve been considering how I can make what I cover most impactful for you – wherever you find yourself in your professional journey. Just below, you’ll find links to let me know your current professional focus. That’ll allow me to better serve you the content which will best serve you! 🎉 But before I get to that, I want to let you know about a great, free webinar my friend Julie Herres is hosting this upcoming Friday, December 13th! 📆 The topic of that webinar? How to crack the compensation code as a group practice owner. Whether you’re contemplating making your first hire or an established group practice owner looking to take your practice to the next level, having a data-backed plan for clinician is essential. It’s not that you can’t be generous or equitable – you absolutely can design a compensation structure aligned with your values. But doing so with knowledge and intention will make the difference between being an empowered group practice owner – and one who feels exploited by their own business. Click on these links to let me know what type of content you’d like to see more of! 🔗These links will also take you to the registration page for Julie’s upcoming webinar!
That webinar will cover many important topics, including the 5 most common mistakes practice owners make when it comes to clinician compensation. There are additional details on the webinar below my signature. ⬇️ And of course, let me know if you have any questions! Best, More Webinar Details 💻WHAT: How to Crack the Clinician Compensation Code (a free webinar!) on Friday December 13th at 9am Pacific/12pm Eastern. (Yes, registrants will receive a link to the recording if you can’t make it live.) WHO: The free webinar is for new or established group practice owners and is hosted by my friend, Julie, an accountant and the owner of GreenOak Accounting, a firm that specializes in working with therapists, psychologists, and counselors in private practice. WHEN: Friday December 13th at 9am Pacific / 12pm Eastern* – don’t forget to mark your calendar as soon as you sign up! WHY: If you’re looking to grow your team all while building a thriving practice, then you can’t afford to make expensive hiring mistakes! Sign up HERE, mark your calendar, and prepare to take your practice to the next level! |
David W. Frank
Hi there! I'm a financial planner for therapists! I help therapists navigate every element of their financial lives and make financial decisions with ease and confidence – both in your practice and your personal life.
Hello Reader, Well, it’s been an interesting start to the year here in Los Angeles – to say the least. The wildfires that have decimated several neighborhoods here have impacted pretty much every Angeleno (yes, that’s what we’re called) in some way. We ended up evacuating last week – and while our neighborhood ended up being relatively unscathed, save the lingering air quality issues – it was nonetheless jarring. Of course the events are tragic and my heart goes out to those who have lost so...
Hello Reader, I hope you’re enjoying your holiday season! I realize it’s painfully cliche – but how is it possible that this year is almost over?! For me, the year has really flown by. Time flying isn’t necessarily a bad thing… but it has prompted me to reflect on how I’m using that time. What’s truly important to me? What activities do I want to spend more time doing? What things do I want to spend less of my limited time and energy on? I’m not huge on new year’s resolutions, but I do want...
Hi Reader, It’s a time of year many of us will be getting together with loved ones we don’t see that often. Which makes it a great time to consider whether your beneficiary designations are up-to-date! What is a beneficiary designation? 🤔 A beneficiary designation designates who should get your account assets if you pass away. That person is the beneficiary of your account. Usually you can just fill out a form online through your financial institution. By doing so, you are creating a...