Balancing the Books: Essential Accounting Tips for Therapists with Eddie Vals [Ep 45]

Welcome back to another guest episode of the Bad Therapist Show! In this episode, I sat down with Eddie Vals, founder of WellnessFi, an accounting firm for therapists and mental health practitioners.During our conversation, Eddie shares his personal journey from dealing with ADD while creating a robust team serving therapists nationwide. He emphasizes the importance of evolving your services as the industry is changing, and how hiring help can lead to personal and business growth. We also delve into the concept of designing your life and business to align with your desires and much more!Tune in to learn how to navigate the complexities of accounting for therapists, and discover how you can focus more on your therapy practice and less on the numbers. Plus, if you stick around until the end, you will find out how you can get a free consultation and a discount on bookkeeping catch-up services from WellnessFi. Don't miss this enlightening conversation!More about Eddie Vals:Eddie Vals is a founder of WellnessFi. WellnessFi is an accounting firm specializing in supporting mental health practitioners.  Eddie founded Wellness Five five years ago, and in that time, it has grown from a one-man operation serving just a few local clients to a robust team of 15  serving mental health entrepreneurs all over the country.Topics covered in this episode:How Eddie turned his personal experiences with therapy into a successful accounting firm for therapistsWhat led Eddie to choose therapists as his primary clients, and how has this decision shaped WellnessFi's growthWhat are the benefits of hiring an accountant early in your business journey, and how can it impact your growth?Eddie shares essential accounting tips for therapists.The challenges Eddie has faced as his business grew from a one-man operation to a team of fifteen.What are the benefits of working with a coach?How can you design your dream life first and then shape your business around it?Connect with Felicia:Get my freebie & join the email list: The Magic SheetsInstagram: @the_bad_therapistWebsite: www.thebadtherapist.coachFacebook group: Healing MoneyConnect with Eddie Vals:Website: https://www.wellnessfi.comResources from this episode:QuickbooksProfit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine Hardcover by Mike MichalowiczRelayWealthfront

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Are you a private practice therapist tired of ‘good therapist conditioning’ b******t, who wants to make more money and enjoy being a therapist again? Welcome to The Bad Therapist Show! This podcast is the go-to resource for current and aspiring private practice therapists who want to attract more clients, increase their revenue and scale their practice - all without burning out or hustling 24/7. Join your host, Felicia Keller Boyle, aka The Bad Therapist®, a six-figure private practice owner turned business coach as she challenges the status quo and helps therapists in private practice earn more money, increase their impact, and expand beyond the one-to-one practice model. Using Felicia’s proven Liberated Business™ method, therapists at all stages of business have been able to grow their income while becoming even better therapists and she’s on a mission to help you do the same! Tune in each week for answers to questions such as: 👉🏽 How can I grow my private practice? 👉🏽 How can I attract more clients to my private practice? 👉🏽 How do I market myself as a private practice therapist? 👉🏽 What are the best marketing strategies for therapists? 👉🏽 How can I optimise my website to attract more clients? 👉🏽 How to create a scalable offer as a private practice therapist? 👉🏽 How can I raise my rates in private practice? 👉🏽 Do therapists need to network to grow their practice? Subscribe and follow the show wherever you listen to podcasts and start growing a practice custom-made for you so you can live the life you truly desire. Because bad therapists make the best therapists.