Therapy For Your Money
Welcome to Therapy for your Money, a podcast about all things money and finance for private practice owners! If you are ready to feel confident and in-control of your financial life, then you are in the right spot. Therapy for our Money is hosted by Julie Herres, the CEO and Founder of GreenOak Accounting. She and her firm specialize in working with private practice owners across the United States, and have assisted hundreds of private practices with increasing their financial stability and profitability. She is on a mission to share her best practices she's learned along the way through her successful career as an accountant, discusses financial topics with a wide variety of guests, and help her listeners make data driven decisions to help their businesses.
Therapy For Your Money
Episode 200: How I Would Start My Private Practice: with $5000 (3 of 3)
If you’ve ever dreamed about opening your own private practice, but the numbers are making your head spin (hello, startup costs!), this episode is for you. I’m walking you through exactly how I’d build a private practice with a $5,000 budget. Where I’d spend, what I’d skip, and the mindset shifts that will help you stay sane and avoid financial overwhelm. There’s a lot of advice out there, but let’s get real: you don’t need a giant pile of cash to get started, you just need a plan that works for you. Review episodes 198 and 199, where I review starting your practice with $1,000 and $3,000.
If you’ve ever wondered, “Should I be spending here? Is this something I can do myself?”—I’m sharing my honest take and the real-life steps I’d take if I were starting from scratch. This isn’t about cutting every corner; it’s about building wisely, not just quickly.
Top 3 Reasons to Listen
- Learn where every dollar matters: I break down exactly how I’d prioritize spending when you’ve only got $5,000 to launch your practice.
- Get the no-fluff outsourcing list: Curious what’s actually worth outsourcing early on (and what can totally wait)? I’ve got you.
- Practical, fast-action steps: Walk away with real-world ways to move faster—without tossing money out the window.
Resources I Mentioned
- Billing Assistant Pro by Productive Therapist
- Virtual Assistant Support – Productive Therapist
- Profit First for Therapists (my book!)
- Profit First Academy
- Therapy For Your Money website
- Money for Therapists Practice Startup - https://www.greenoakaccounting.com/startup
- GreenOak Accounting - www.GreenOakAccounting.com
- Therapy For Your Money Podcast - www.TherapyForYourMoney.com
- Podcast Production and Show Notes by Course Creation Studio https://www.coursecreationstudio.com/