{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 252 | A Real Example of Implementing Profit First with Mike Michalowicz","description":"In this episode, I\u2019m bringing back one of the most popular episodes of the podcast from all the way back in 2017\u2014and it\u2019s just as relevant today as it was then. I sat down with Mike Michalowicz, the mastermind behind Profit First, to explore how group practices can use his proven system to finally gain control over their business finances. Back when we recorded this, I had just discovered his book, Profit First, and was in the early stages of implementing the system into my own practice. To say it was a game-changer would be an understatement! I went from not taking a profit in my business to consistently paying myself what I deserved, and that shift happened in just a few months. In this conversation, Mike and I cover: A real profit assessment from a group practice owner (with a downloadable PDF so you can follow along). How the Profit First method can transform your practice\u2019s financial health. The power of niching in boosting profitability. How to implement Profit First not just in your business, but in your personal life as well. It\u2019s not just about cutting costs\u2014Mike talks about how to increase margins too! Mike\u2019s own experience using Profit First in his personal life, and his biggest piece of advice for anyone just getting started. If you\u2019ve ever felt like you\u2019re working hard but still don\u2019t know where all the money is going, this episode is for you.   \u27a1\ufe0f WANT TO BOOST YOUR PROFITS FAST? If you\u2019re struggling with stagnant profits, overpaying staff, or not understanding where your money is going, the upcoming Profit Booster Workshop is here to help. In just three days, you\u2019ll dive deep into your practice\u2019s financials and walk away with clear, actionable steps to cut unnecessary costs, optimize your team\u2019s performance, and start seeing immediate improvements in your bottom line. CLICK HERE to learn more and take control of your profits today!   LINKS: Profit First Assessment PDF Need extra support? Join The Exchange, a membership community just for group practice owners.  The Group Practice Exchange Programs + Courses The Accountability Equation\u2122 Quiz The Accountability Equation Book   CONNECT WITH MAUREEN WERRBACH & THE GROUP PRACTICE EXCHANGE: Website Facebook Instagram LinkedIn   CONNECT WITH MIKE MICHALOWICZ: Website Instagram LinkedIn   SPONSORS: TherapyNotes: An EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. Go to therapynotes.com\/r\/thegrouppracticeexchange for two free months!  GreenOak Accounting: An accounting firm that specializes in working with group practices. Mention TGPE to get $100 off your first month! ","author_name":"The Group Practice Exchange","author_url":"https:\/\/www.thegrouppracticeexchange.com","html":"