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Strategic Financial Management for Wellness Practitioners with Linzy Bonham
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"You need to have the financial literacy to understand those reports. For some folks, that's going to come naturally, and make total sense. For other people, you might want to do a little bit of learning and growing, so that you can understand and think about those numbers strategically." In this engaging episode of the Wellness Center Creators podcast, we welcome Linzy Bonham, a therapist turned money coach and the founder of Money Nuts & Bolts.
Linzy shares her transformative journey from working in private practice to helping therapists and health practitioners master their business finances. Linzy discusses the common hesitations therapists face when transitioning from agency work to private practice, emphasizing the importance of financial literacy and confidence. She offers valuable strategies for investing wisely in your practice, including identifying and focusing on your most pressing problems, understanding your capacity for growth, and moving at the speed of cash.
The conversation also highlights the significance of financial leadership and the role of tools like Jane in providing clear financial insights for business owners. Linzy offers practical advice on setting up separate business bank accounts and maintaining financial clarity to ensure the health and growth of your practice. For those looking to deepen their financial knowledge, Linzy provides resources such as her masterclass and guide for group practice owners. Tune in to learn how to take control of your business finances and invest wisely in your practice.
Check out these resources from Linzy:
- "The Four-Step Framework to Getting Your Business Finances Totally in Order": https://moneynutsandbolts.com/masterclass-signup/
- "How to Stop Feeling Overworked and Underpaid in Your Group Practice.": https://moneynutsandbolts.com/msgpo-guide-o/
Get all the links, resources and show notes here: https://wellnesscentercreators.com
Sponsored by Jane App, Jane offers online booking, charting, scheduling, secure video and invoicing on one secure, beautifully designed system: https://jane.app/ Use code wellness1mo for a one-month grace period on your new Jane account.
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