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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 201: How Ginger Used Red Carpet Exits to Transform Her Practice from 1099 to W2
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Making the shift from independent contractors (1099s) to employees (W2s) can feel overwhelming for private practice owners—and let’s be honest, it can stir up a lot of big feelings for your team too! In this episode, Julie Herres sits down with Ginger Houghton, owner of Bright Spot Therapy, to unpack how Ginger’s “red carpet exit” approach turned what could have been a stressful transition into an experience rooted in trust, growth, and long-term success. Whether you’re considering this move or already knee-deep in the process, Ginger’s story offers practical strategies and plenty of encouragement.
Three Reasons to Listen / Three Things You’ll Learn
- How to Build Trust During Big Changes: Hear Ginger’s actionable steps for fostering open communication and emotional safety—before, during, and after a major team shift.
- Red Carpet Exits Explained: Discover what “red carpet exits” actually look like, and why supporting clinicians to leave well can help your culture (and numbers) thrive.
- How to Prep for a Smooth 1099-to-W2 Transition: From timelines and tough conversations to financial realities and math tools, get a real-world roadmap for making this change without losing your team.
Resources & Links Mentioned
- Bright Spot Therapy: https://brightspottherapy.com
- Ginger Houghton’s LinkedIn: https://www.linkedin.com/in/ginger-houghton-03ba61172/
- Ginger’s Course: Navigating the 1099-to-W2 Transition: https://ginger-s-site-0d8f.thinkific.com/products/courses/from-1099-to-w2-course
- Ginger Houghton’s Coaching Link: https://ginger-s-site-0d8f.thinkific.com/products/live_events/coaching
- GreenOak Accounting – Free Consultation
https://www.greenoakaccounting.com/consultation - Profit First for Therapists (my book!)
- Profit First Academy
- Therapy For Your Money website
- GreenOak Accounting - www.GreenOakAccounting.com
- Podcast Production by James Marland