The Best Cancellation Policy for Therapy Practice
18
Jul
By Khaled Albadawi
Private Practice, Small Business, Therapists,

The Best Cancellation Policy for Therapy Practice

Picture thisYou're all set for a client session, notes prepped and tissues at the ready. Then, five minutes before the appointment, you get a text: "Sorry, can't make it today!" Sound familiar? If you're nodding your head, you're not alone.  Now, don't get me wrong – helping clients is the heart and soul of what we do. But let's face it, we've also got bills to pay and a business to run. That's why you should look for the best cancellation policy the best cancellation policy for your therapy practice. Why a Cancellation Policy Matters When a client books a…
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The Balance Sheet for Therapists
10
Sep
By Toni Cameron
0 Comments
Financial Statements, Therapists, , ,

The Balance Sheet for Therapists

We’ve previously covered the Profit & Loss Statement for Therapists, so now it’s time to unpack another important statement: the Balance Sheet. Think of running a business like filling a bathtub (who doesn’t?): the Profit & Loss is focused on how much water is coming in through the tap and how much water is lost to evaporation. On the contrary, the Balance Sheet looks at the amount of water that is currently inside the tub at a particular point in time. That’s as far as we can take the metaphor though, otherwise we’ll start talking about owing bathwater to the…
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