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In this episode, business coach and group practice owner, Gordon Brewer, shares insights from nearly 10 years of experience running a group practice. Gordon discusses the common mistakes many practice owners make as they scale, offering practical advice on avoiding financial pitfalls, setting up effective hiring processes, and managing essential systems for sustainable growth.
Make sure to bring your paper and pen because this episode is full of actionable tips!
Here are some key points in this episode:
[2:38] Gordon’s journey into private practice and group practice ownership
[5:39] The importance of knowing your numbers and avoiding random pay splits
[6:45] Transitioning from contractors to employees for sustainable growth
[9:30] Books that transformed our perspectives on money and success
[13:32] Hiring mistakes and setting clear expectations from the start
[17:09] Monitoring accounts receivable to prevent profit leaks
Links From the Episode
Book: Secrets of the Millionaire Mind by T. Harv Eker
Book: Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine (Entrepreneurship Simplified) by Mike Michalowicz
Book: Profit First for Therapists: A Simple Framework for Financial Freedom by Julie Herres
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More About Gordon:
Gordon Brewer began his career in 2001, working in the non-profit sector, where he provided intensive in-home therapy for at-risk youth. After transitioning to private practice full-time in 2010, he founded Kingsport Counseling Associates, PLLC in 2014, leading a team of therapists in Kingsport, TN. Gordon is a Licensed Marital and Family Therapist, an AAMFT Approved Supervisor, and an adjunct instructor at East Tennessee State University. Passionate about helping others succeed, he started The Practice of Therapy Podcast and website to provide resources that support therapists in building successful practices.
Websites:
The Practice of Therapy: https://www.practiceoftherapy.com
PsychCraft Network: https://psychcraftnetwork.com/
Email: gordon@practiceoftherapy.com
