The Business Savvy Therapist
The Business Savvy Therapist podcast helps Psychotherapists learn the strategies to scale from solo practice to a 7 figure group practice that is automated. Therapists didn’t learn anything about business in grad school and this podcast is exactly what they need to be successful.
Host, Nicole McCance is a Psychologist turned Business Coach who was able to grow her practice to 55 therapists and multiple 7 figures, in 3 years and sell it in her 4th year. Each episode walks Therapists through exactly what to do to help more people, make more money and have more freedom.
The Business Savvy Therapist
Mastering Money Decisions
Sign up for my FREE 3 Day Live Course - How to Build a 7 Figure Group Practice That Runs Without You → https://members.mccancemethod.com/free-3-day-live-course/
In this episode, I dive into how to make smarter money decisions in your practice using a cost-benefit analysis. I walk you through why investing in your business is essential, how to determine whether taking out a loan makes sense, and what steps you can take to build long-term wealth. If making financial decisions feels overwhelming, this episode will give you a clear framework to approach money with confidence.
Make sure to bring your paper and pen because this episode is full of actionable tips!
Here are some key points in this episode:
[01:27] Why money decisions feel emotional and how to shift to an analytical mindset.
[04:42] The principle that "it takes money to make money" and why investing is necessary.
[08:18] How a cost-benefit analysis helps you make informed financial decisions.
[10:49] The real ROI of investing in your practice versus traditional investments.
[13:35] How to calculate your break-even point and make decisions with confidence.
[17:50] The importance of knowing your risk tolerance before taking on business debt.
Links From the Episode:
Want the Cost-Benefit Analysis Video? DM me @nicole.mccancemethod on Instagram with just one word “Clarity” and I will send it right your way. Click here: https://www.instagram.com/nicole.mccancemethod/
Follow me on Instagram, @nicole.mccanncemethod. If this episode provided you with value and inspiration, please leave a review and DM to let me know. Click here: https://www.instagram.com/nicole.mccancemethod
Join the FREE private community for therapists: Expand your Psychotherapy Practice → https://www.facebook.com/groups/947689352498639
Sign up for the FREE Masterclass- How to Build a 7-Figure Group Practice→ https://mccancemethod.com/webinar-free-masterclass-from-solo-to-superteam/