The Private Practice Academy Podcast
Are you a psychologist looking to create a sustainable and profitable private practice, but you’re intimidated by how much you need to learn and worried about sacrificing your freedom in the process? Join Kerstin Anderson-Ridge, a clinical and counselling psychologist and business mentor, as she shares her journey and interviews other therapists to share theirs too. If you want to create, build and sustain a profitable private practice, this show is for you.
The Private Practice Academy Podcast
47. Profit Vs Revenue: Know the Difference
Have you ever seen posts from psychologists saying that their practice is making 7 figures, and felt like you’re miles behind them?
That figure may not be as impressive as you think it is! The reason? It all comes down to profit vs. revenue.
In this episode, I’ll share:
- What profit and revenue actually mean
- Why the practices making 7 figures may not be that impressive
- The percentage of profit vs. expenses to aim for
- How to make more profit
- Signs you’re ready to grow
Find out how to work with me: https://www.privatepracticeacademy.com.au/services
FREE content ideas for psychologists: https://www.privatepracticeacademy.com.au/content-ideas
Send me a DM @kerstin_anderson_ridge: https://www.instagram.com/kerstin_anderson_ridge
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