Hey Therapist Entrepreneurs,
One of the things I never fully appreciated before becoming a practice owner is how much your relationship with money changes.
Suddenly you’re thinking about things like investments, long-term strategy, revenue trends, and economic cycles in a completely different way than you did as an employee.
And those shifts don’t just affect your business decisions. They affect your stress level, your mindset, and sometimes even your relationships at home.
This week’s three episodes all touch on different sides of that reality, from navigating money conversations with your partner to understanding the economic trends affecting therapy practices right now, to learning how to look at your numbers without going into panic mode.
I thought they were really helpful and I hope that you do too!
And in this week’s Personal Story Time...
My favorite time saving tool this week
My 3 Favorite Episodes This Week
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For navigating money conversations with your partner…
One thing I never thought about before I became an entrepreneur is the fact that your partner or spouse can look at money and investing very differently than you do. And those differences can become even more apparent when you are running a practice, developing financial skills, and making business decisions that require a long-term perspective.
That’s what I found so interesting about this week’s episode of Money Skills for Therapists with Linzy Bonham. Linzy and her guest talk at length about the ways money skills, money mindset, and differences in money management show up within couples. They also discuss patterns she has noticed specifically with therapy practice owners and their significant others that can cause conflict and misalignment.
I thought this conversation was fascinating because I have seen this come up with many friends and even in my own marriage at times, especially around the idea of investing in something that has a long-term payoff.
If you’ve ever run into differences with someone in your life around finances, particularly as a therapist entrepreneur, I think this episode is absolutely worth a listen.
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For understanding how therapy practices are actually doing right now…....
If you’ve been reading this newsletter for a while, you know that I absolutely love analyses of how therapy practices are doing in the current economic climate. That’s why I really enjoyed the Therapy for Your Money podcast episode looking back at the end of 2025 and looking ahead to what practice owners are facing in 2026.
One of the most important trends they highlight is something I have been seeing a lot as well. The more specific your practice is, the more niched you are, the better positioned you tend to be to handle the financial stressors happening right now.
Another theme that really resonated with me is the importance of group practice owners staying aware of what is actually happening in their businesses. It is very easy to get caught in the weeds, or to delegate so much that you lose track of what is really going on. There is a balance between delegating and completely abdicating responsibility for the day-to-day realities of your practice.
This balancing act is something I am always trying to calibrate myself. I want to understand what is happening on the ground in my practice, while still having enough bandwidth to focus on bigger strategic decisions.
There are several other helpful themes and lessons in this episode. If you are curious about what practice owners are experiencing right now, and want perspective from accountants who specialize in therapy practices, this episode is definitely worth a listen.
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For finding the balance between watching your numbers and not losing your mind…
Staying on top of your numbers is important, but sometimes we can read into those numbers too much and panic unnecessarily. Really, it’s all about balance.
That’s what this episode of the Worth It Practice Podcast is all about. Trying to find the balance between looking at your key performance indicators and understanding the health and blood pressure of your business, while also preserving your sanity and not spiraling the minute something goes wrong.
In this episode, I talk about my personal experience with exactly this balance and the ways that talking to an engineer helped reset my mindset.
If you ever panic about your numbers, or just want to know how to troubleshoot what’s actually going on in your business, this episode is for you.
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Leah's Personal Story Time:
My favorite time-saving tool this week
I am in love.
I am in love with an app called Voxer.
Have you heard of Voxer before? If you listen to the Business Savvy Therapist podcast, Nicole McCance talks about Voxer a lot. I had heard about it before, but honestly I didn’t really get the appeal until recently.
Let me tell you what Voxer is.
Basically, Voxer is an app you can use for free where you send voice notes to other people who are also on the app. You can also type and add photos. You can use it on your computer or download it on your phone, and it creates a really easy way to communicate back and forth with someone.
Now, people sometimes ask me, “Why would you Vox when you could just send a voice note?” But something about having it all in one specific place, and being able to send long voice notes or multiple voice notes that don’t disappear the minute someone listens to them, is extremely useful.
So what do I use Voxer for?
I use Voxer to communicate with my business coach. I use Voxer to mastermind with other therapist entrepreneur friends. And I now use Voxer to talk to my clinic director.
Here’s the thing about Voxer in your practice. It is not HIPAA compliant. But it can be a really helpful tool for sharing ideas, communicating, and problem-solving on the fly when something is too long to text but doesn’t require a full, synchronous conversation.
Here are the kinds of Voxes I find myself sending my amazing clinic director:
“Hey, I just had an idea about a new service we could provide for kids with ADHD. Here's what I was thinking...”
Or: “Hey, I just received an email Dr. Smith and forwarded it to you. What do you think about it?”
Or she’ll Vox me and say, “Hey, I just had a conversation with a potential referral source and here's what I think we should do next....”
It creates this middle space where you can provide much more detail than a text, but still have a quick back-and-forth conversation that doesn’t require you both to be available at the same time.
One thing I really love about it is that it lets me just put ideas out there. Things we can talk about later. And my clinic director can listen when she has time and then share her own reactions in her own time.
By the way, Voxer is not sponsoring this newsletter. Voxer is definitely not paying me to say this… although maybe they should.
But if you’re looking for a quick and easy way to communicate with other clinicians on your team (again, not about PHI, mostly administrative questions, problem-solving, or idea generation), I would highly recommend giving it a try.
Sharing is caring!
Got a fellow therapist or practice owner who would love this info? Send them this email! They can also join the list by clicking on this link. Let's help more people thrive in their businesses.
Hope these resources help you grow your practice this week! Here's to your continued growth and success!
Warmly,
Leah
CEO of Thriving Child Center and PCIT Experts
Host of Educated Parent Podcast
Host of The Worth It Practice Podcast
CEO of Worth It Practice Consulting
PS: If you'd like a break from business, the newest episode of Educated Parent Podcast is now live! This week's episode is a response to a question parents often ask: how to talk to your kids about sex. This became a 2-part conversation, and the first episode is an argument for why you (and no one else) should tell your kid where babies come from when they inevitably ask you at the least convenient time. Enjoy!
