Listen "Why You Should Separate Your Business and Personal Finances with Michelle Cooper"
Episode Synopsis
Practically every hands-on practitioner I know says they chose their profession because they wanted to help other people. They very rarely say they’re in it for the money. But the truth is… the primary purpose of every business is to MAKE. MONEY. Without it, you won’t be able to keep your doors open and ultimately won’t be able to help people.If you ever feel guilty for making good money in your practice--or for wanting to make more money and actually be able to pay yourself from your practice--you’re going to get a ton of value from this conversation. If you’re not separating your business and personal finances, Michelle Cooper will walk you through the steps to get started. And she’ll show you how to do this in super simple steps. IN THIS EPISODE OF THE PODCAST, WE COVER:The ways that we use money unhealthilyHow failing at our first business attempts actually made us better at helping other people with their businessesWhy marketing doesn’t fix most of the revenue problems in our practicesThe most common mindset challenges that just about all entrepreneurs faceWhat people really mean when they say “it’s not about the money,” and “I’d do this for free,” when talking about their practiceThe struggle of having provided care but then avoiding billing the patients or clients afterward for the services providedMy golden rule for knowing when you can give care away for freeWhy not separating your business and personal finances can be red flags for the IRS / CRAThe perspective switch you can make right away if you’re not paying yourself from your business and how your thought process about this affects your habitsWhy closing your debit card might be something you need to do when you’re separating your business and personal financesWhat you need to know about recurring payments and how they can be a sign of self sabotageRESOURCES AND LINKS MENTIONED IN THIS EPISODE:Check out Michelle’s website at alchemyaccounting.caConnect with Michelle on Instagram @michellebcooperIf you’re a hands-on practitioner who wants to make $5K+/month more with an online course or program so you can stop squeezing appointments on your schedule, take my free class HERE.
More episodes of the podcast The Health & Wellness Practitioners Podcast
The Role of Human Touch and Oxytocin in Your Practice with Craniosacral Therapist Etienne Peirsman
29/05/2023
Do You Have a Marketing Problem or a Sales Problem? with Wellness Business Coach Joanna Sapir
22/05/2023
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.