Money Skills for Group Practice Owners • Money Nuts & Bolts

You love being a group practice owner… some days.

You can really see how your group practice is meeting the needs in your community, filling a gap by providing specialized services that just wouldn’t be there otherwise.

You’re making a bigger impact than you ever could on your own, and you feel proud thinking about the dozens of lives that are positively impacted by your team each week.

You get to enjoy the community you’ve built – mentoring other therapists or practitioners, having a team who share your vision and values, and generally just having colleagues so you’re not working on your own anymore.

You get to wear different hats – being a leader, mentor, and administrator, and not having to be a full-time therapist anymore. You get to use your different talents, and enjoy that variety. Plus, you don’t need to rely on seeing clients to get paid – you’ve built something bigger than a one-on-one business. You can see the fruits of your labor, and feel pride in all you’ve built.

Some days, you’re not sure if you made the right decision by starting a group practice.

It feels heavy, carrying the weight of not just your own paycheck, but having to pay a whole team. You worry about money often. You hold your breath when you go to run payroll, not always sure if the money will be there.

It’s a lot of work. Like, a LOT.

There are so many moving parts between all the admin, managing other therapists and practitioners with their various personalities, and having to chase people and put out fires (insurance money not showing up, grumpy clients, clinical notes not getting done.) Sometimes you feel like you’re working harder than ever. This is not the “passive income” you dreamt about when you started your group practice.

The revolving door of employees is
exhausting.

Just when you feel like everything is going well, you get a resignation letter (or two.) Your stomach drops as you think about the big hit to your revenue, all the resources you spent on that therapist, and all the time and energy it’s going to take to find and train someone new and fill their caseload.

It’s hard to take an actual break, and hard to set boundaries
around your work.

Sometimes your practice and your personal life feel all bound up together. You think about your business all the time. You find yourself working evenings and weekends. You can’t imagine being able to take a vacation and really walk away from it, because you know something would come up and you’d have to jump back in. Your business is deeply a part of you, and sometimes that’s a bit much.

You may still be relying on your own client income in order to be able to be paid well. Or you’re getting paid last, and even making less money than you used to make in full-time client work. Either way, when you think about all the work you do, and the hours you put in, you shudder to think of how much you’re being paid an hour to run your group practice.

Those are numbers you’d just rather not know.

And these ups and downs come often. The good moments or days are immediately followed by something bad happening. Your practice feels like an emotional and financial roller coaster, which is not at all what you were going for when you set out.

Rather than a roller coaster, you’re looking for more of a luxury train car – rolling steadily along the tracks, confidently heading to all the right places at the right pace. (And with a nice dining car with delicious drinks and snacks, obviously.)

✅ You want to feel a sense of safety and stability in your group practice, knowing that the money will be there.

✅ You want to feel proud of running a group that really reflects your values, takes care of your team members, and has a positive, lasting impact on your community.

✅ You want to feel less like you’re playing a game of whack-a-mole, moving from one crisis to the next, and more like you’re competently steering your group practice ship, weathering the natural ebbs and flows of business with ease.

✅ You want to be the empowered CEO of your group practice, with the confidence and paycheck to reflect the leadership and vision you bring to the table every day. This practice was born out of your brilliance and vision, and you want to enjoy it, rather than dipping in and out of owner’s remorse.

And you can have all of this, by strategically setting up your group practice finances so your practice is healthy, sustainable and allows you and your team to thrive.

“Linzy creates a special combination of content, connection and support, always in such a compassionate way. She breaks things into manageable pieces and then provides you with the tools to do the inner work as well as the numbers work.
I have more confidence being grounded and secure in my numbers, and knowing what I can provide for therapists based on what the business needs. I am less fearful. If there is a bit of anxiety, I can go back to the spreadsheet and play with the numbers to do some projections that way. This has been so empowering.
Linzy is just so worth the investment, both personally and for your business. You can trust her to give you what you and your business need, even when you actually don’t know what that is yourself. There’s just so much freedom and confidence on the other side of doing work with her. You’ll be so glad you did!”

“This course is the highest of quality. I don’t know where I would have gotten this information otherwise, or how slow it would have been. I really appreciated both the level of practical information with the logistics, as well as the emotional support to deal with our mental blocks.

Now I am coming to my team with clarity, grounded with real information, real numbers. They are confident in the changes, and they also dream bigger.

If you resonate with the way Linzy presents the information about this course at a core level, you can trust it. It is healing and therapeutic; Linzy has spoken to my soul and spirit with genuine empathy and compassion. I’ll be able to carry this into my personal and professional goal-setting.”

When you started a group practice, you stepped into a higher level of business complexity than you had as a solo practitioner.

There are many moving parts that will make or break the financial health of your group practice. So often, the decisions you make on the fly while building your group are the key elements that end up determining how your practice finances work – or don’t.

Your group practice is like a machine, one that you’ve built – but you might not have realized how all the different parts worked when you were building it.

All the moving parts of group practice come together to shape the end results:

how much money will be there at the end of the month,
how much you and your team can get paid,
whether you can afford employee benefits to take care of and retain your team,
whether you can save up for your group practice visions and dreams.

You’ve built your practice a certain way, and it will give you certain financial results because of that:

All the moving parts of group practice come together to shape the end results:

how much money will be there at the end of the month,
how much you and your team can get paid,
whether you can afford employee benefits to take care of and retain your team,
whether you can save up for your group practice visions and dreams.

There are a lot of people who teach how to start or grow your group practice. But what I hear again and again is that even when group practice owners have learned how to start and grow their practice and have a team of therapists working for them, they still don’t really understand their numbers and how to make their group practices financially healthy and sustainable.

Everything looks great on the surface – making new hires, caseloads are full, beautiful marketing – but as the owner, they know in their bones that the numbers aren’t right, the bank accounts are too low, their paycheck is too small – the machine isn’t set up right.

All of these things come together to create financial results, and if you’re like most group practice owners, you may not fully understand your machine yet, or how to fix it to make it give you the results you want.

In fact, if you’ve set your machine up wrong, no matter how many clients your therapists see, you will never have the financial stability you’re looking for.

But your machine is totally fixable, and you can learn how to make it into a financially stable practice that pays you well – that practice you were dreaming of when you started out.

I want you to know that you can absolutely have a group practice that you love and that serves your community, without feeling weighed down and resentful from all the financial responsibility and uncertainty.

✅ You can learn to understand the important numbers that make or break your group practice, so you can see yourself making grounded, strategic decisions on a daily basis that create financial stability and get money working for you in all the right places.

✅ You can be paid well for your work and leadership in your group practice, not just for the client-facing work you’re still doing.

✅ You can have calm-inducing buffers in all the right places (and in a few short months, too!) so you no longer need to worry about money being there when you need it.

teaches you the financial and CFO mindset skills to make all of this possible.

🎯 This course focuses on the financial nitty-gritty that other group practice building supports miss, teaching you how to deeply understand your group practice numbers so you can make great strategic decisions that will take the roller coaster feeling out of group practice ownership.

🎯 You will learn all the important numbers and systems that make or break your group practice machine, and get the information and support to make the key changes that will give you the financial results you want.

Lots of therapist-coaches are teaching Chief Executive Officer (CEO) skills, but those only take you so far.

Sure, it’s great to delegate your bookkeeping or have your admin track some KPIs, but if you don’t understand those numbers and how they work, then you can’t be the financial leader your group practice needs.

And if you’re not the financial leader, no one else is either. Your business is simply lacking this essential skill set altogether.

As your practice grows, you need next-level financial skills.

You need CFO skills – Chief Financial Officer skills – that allow you to set up the numbers and financial systems properly in your business, understand what your numbers are telling you, and take strategic action to keep your practice finances healthy.

These kinds of nitty-gritty financial skills are a topic many other therapist-coaches have told me they’re happy to leave to me. It’s not everyone’s cup of tea to educate therapists on the mathy and financial side of practice, but it certainly is mine. And I do love tea.

So here’s a quick-ish who-am-I, while we’re on the topic.

Hi, my name is Linzy Bonham and I’m a therapist turned business and money coach. A friend once introduced me as “the perfect mix of spreadsheet and heart” and I take that as a big compliment.

As the daughter of an accountant, I inherited a good dose of bookkeeping-brain. I’m like half therapist, half bookkeeper. So when I went into private practice I dug right into all the ways to build a healthy business that pays for my life and always has extra money in the bank.

I also saw my super-skilled colleagues struggle with the money side of business. Some had even left private practice, or were avoiding starting one, because the money side was too stressful.

So I put my lucky combination of people and money skills together, and Money Nuts & Bolts was born. Eventually I closed my practice to focus on teaching finances to therapists full-time.

Through my foundational course Money Skills for Therapists I have supported more than 500 therapists over the last 5 years in going from money confusion and shame to calm and confidence.

Over time, I have been able to sit with dozens of group practice owners and their numbers, helping them understand the workings of the machines they’ve built and the possibilities their numbers hold, and guiding them in making the strategic moves to transform their group practice finances and their relationship with money.

I have also scaled my own business, gradually figuring out what it takes to financially thrive while leading and managing a team. I have learned first-hand what metrics to track for a business’ financial health, and what buffers to build.

I’ve also honed my skills that got me into this work in the first place – teaching finances in a way that’s accessible and creating beautiful, easy-to-use financial tools that can help non-mathy therapists really understand their numbers, often for the first time.

I know that group practice owners have the ability to create healthy and sustainable group practices, but so often that is not the case. Why? Because group practice owners aren’t being taught the knowledge and skills to really step into the CFO role and own the financial side of their practice. I’m here to change that.

No one else is teaching money to therapists like I am. Why? Because I’m me – a people-loving, feelings-loving AND spreadsheet-loving therapist-y nerd who can switch gears between depthful coaching, math, and technical support in the blink of an eye.

I get excited about the numbers and spreadsheets that make visible the inner workings of our businesses, and as my students start to integrate the skills I teach them, they get excited too.

My students tell me that they appreciate my ability to connect with them and their unique stories and needs, while also keeping them focused and making progress on the money-related tasks and learning that they’d often rather avoid forever more.

Now I’ve focused my nuanced and financially literate approach on group practice, and would love to have my financial and coaching skills completely change your relationship with your group practice finances, transforming you into the empowered CFO of your practice.

“Group practice finances are complicated. I spent years underpaying myself while struggling to understand my numbers. I was making decisions based on fear rather than data because I didn’t have a solid understanding of my group practice financial landscape.

Enter Linzy Bonham!

Simply put, Linzy is a magician. She has the rare talent of being able to explain numbers and spreadsheets in a way I can actually understand.

My work with Linzy has empowered me to take financial control of my 7-figure group practice! Most importantly, her systems will help you understand how much you can afford to pay your team well without sacrificing your own paycheck.

Honestly, this program is so thorough and comprehensive, it should be required coursework for any therapist growing a group practice business. If you’re ready to become an empowered CFO, join Money Skills for Group Practice Owners as soon as possible!”

“Before working with Linzy my relationship with money was very chaotic. There was a lot of anxiety and insecurity because I had no idea where my money was going. Money has always been the thing that I was most disempowered with.

Now I feel much more grounded. In terms of making good decisions, I feel like I have a couple of really solid tools that are in my repertoire that I feel really competent using. The numbers aren’t scary. They’re not overwhelming. I can sit down and even if I don’t like what I see at that particular time, I can put it into a larger context.

I would want to tell my past self: once you have these skills, you’re going to feel so much more confident to move forward sooner than you thought you ever could. Also being in a small group of really fantastic women, having those people to bounce ideas off is really helpful. It’s lonely to be a CEO.

My biggest win is I’d say I’m at least three years ahead on my business goals. At least three years. Like, I did not picture myself having employees yet. My goal was to have one employee by next year, and now in a couple months’, there’s going to be six people in this office. That’s pretty crazy.”

Erin Iwanusa started her group practice organically. It was not planned, really, but she seized an opportunity. She is a self-described action-taker and during COVID, she saw the possibility of creating a machine that was bigger than her and that could run without her if need be.

Sounds great, right? Well yes …and no. At first, Erin did what she does best, diving in and learning as she went. But she kept going from one stressful payroll run to the next, holding her breath, always feeling just-this-close to being in the red. Here is what she shared after working with me on her group practice finances:

“I’ve become really clear on my values as a therapist and as a business owner, and how I utilize those as benefits for employees. I definitely see myself as a CEO. I feel that I’m making very grounded decisions in my business right now. I went from a scarcity mindset to an abundant mindset.

I am getting really, really clear on the big picture and what the next year will be. A big thing that’s changed is the buffer accounts, feeling really solid with 3 months worth of operating expenses and one pay period worth set aside.

Getting very clear on what my role is, being much more aligned with my values of home and connection, feeling much more connected to myself, much more connected to my spouse. Before it just felt like my whole life was work. And now I feel like I have a really nice balance.”

Money Skills for Group Practice Owners is a 6-month course with over 40 step-by-step lessons, and beautiful, comprehensive tools designed to help you become the empowered financial leader of your group practice.

Weekly calls alternate between coaching and co-working, to allow you to integrate and apply all you’re learning in the lessons to your own group practice.

Money Skills for Group Practice Owners is not a theory course. It will:

walk you through the process of deeply connecting with your motivations, goals and values,
help you understand your current numbers,
give you the tools and supports to make strategic changes in your group practice numbers, and
support you in building ongoing CFO habits so you’re never left looking at a nearly empty bank account or feeling like you’re doing all the work for none of the money again.

This six-month course starts January 4th, 2024.

Money Skills for Group Practice Owners walks you from start to finish through the mindset, systems, tools and key numbers that will help you become the empowered and competent CFO of your group practice.

Here are some of the practical and practice-changing lessons that will get you there:

If it looks like a lot, worry not. My gift as a teacher is to take information that may seem dense and intimidating and make it easy for you to understand.

Our six modules (each containing a handful of lessons) will be dripped out monthly, so you will have a natural pace to work through all the lessons in a sustainable, metered way.

We will be walking this road together one step at a time, and each step builds on the previous one, so by the time you get to the top you’ll look down from the mountain-top and feel truly proud of how far you’ve come and all the skills and knowledge you’ve built in our six supportive months together.

And speaking of supportive – here are the supports that are built into Money Skills for Group Practice Owners that will help you keep up your momentum and become an empowered CFO who can confidently steer your own ship:

Six months of twice-monthly coaching calls with me, to help you with any course-related questions, mindset blocks, or technical or math-y questions that come up. These calls really support you in keeping up your momentum, and connecting with me and your group practice owner peers to keep you moving forward and applying the course in real time.
Six months of twice-monthly co-working calls to actually work on the course, play with your new tools, and get my private technical support to get the tools in the course working for your situation. Three of these calls will be longer deep work calls, creating the container and support for you to really focus and make big progress on this important work.
Two 30-minute 1:1 calls with me to be used during your six months in the course to deep-dive into your specific nitty-gritty mindset, technical or strategic questions.
Our own private online course community where you can post your questions and challenges and get support from Linzy and your awesome group practice owner peers between calls.

What sets me apart from your typical, feelings-phobic financial professional is that I’m a therapist to my core. I’m great at meeting you where you’re at, really hearing what you’re saying, and helping you find the right way forward to make the big changes you need to make in your finances.

What sets me apart from other private practice consultants is that I help you dig deep into the numbers to understand what is and isn’t working in your finances. My jam is helping you build a sustainable, healthy financial machine in your private practice to become the CFO of your practice. No one else is teaching this.

So the group and 1:1 calls are where you’re going to get that access to me, my gentle humor and support, and my nerdy numbers brain to let you really apply what you’re learning to your own group practice.

I know that what you learn in this course is going to be valuable to you, both in terms of skills and knowledge, and also the way you’ll be able to make strategic financial decisions in your practice for decades to come.

So here is my guarantee to you: if you do the work, you’ll get the results.

Specifically, if six months after completing all the course lessons and learning all the tools you will make back the cost in the course in either:
✔️ increased revenue to your group practice,
✔️ increased buffers in your practice,
✔️ increased tax money on hand for your quarterly payments,
✔️ or more money going home to you,

And if you don’t, I will refund you the full cost of the course.

That’s right. If you do the work, and don’t recoup the cost of the course within six months, you can turn your work in and get your money back.

The program is otherwise non-refundable. We don’t make it easy to quit, because learning financial skills takes dedication. And it literally pays to stick with it. I’m going to show up for you, and when you show up yourself too, you’re going to see yourself developing financial skills you never thought possible. Exciting, right?

to help you transform into the confident financial leader who can make informed, strategic financial decisions to create sustainability and profitability in your group practice for decades to come

(Really, for this one, the value is hard to pin down! Even if you make the changes to increase your $300,000/year group practice profit by 5% a year – which is very conservative – that’s $15,000 a year of extra money. Multiply that by the first 5 years, and we’re talking $75,000. But really, I know that when you have the numbers in front of you, you’re going to be able to increase your group practice’s sustainability and profitability by more than 5%.)

that will give you deep insights into your own practice numbers and help you make strategic financial decisions for decades to come

to get the nuanced support, coaching and guidance to really apply the course material to your group practice

to have the support to keep moving forward in the course and seeing yourself get shit done

to get the nuanced, thoughtful and practical
coaching I’m known for that balances numbers
and feelings just perfectly to help you privately
move through any issues that need more
attention

to stay connected and motivated, and get
support easily between calls. Linzy will be in the course community daily, answering questions.

Register Today

$916 USD

x 6 monthly payments

Best Value

$4997 USD

one-time payment

You could forevermore pay a full-service accounting service $600 – $800 a month (that’s $7200 – $9600 a year) or a fractional CFO up to $3000 to $5000 a month (seriously!) and still feel confused and disempowered about your group practice finances.

Or you can join Money Skills for Group Practice Owners and do the work that will allow you to deeply understand your numbers – so when your “just-does-your-books” bookkeeper or team member shows you a report, you know exactly what you’re looking at, what the numbers are telling you, and what strategic actions need to happen to keep you on track with your financial and practice goals.

As the leader of your group practice, you can delegate tasks, like monthly tracking, but you cannot delegate responsibility and financial leadership. It’s your business and your vision, no one can steer the ship better than you can.

It’s time for you to learn the skills to step confidently into your CFO role and lead your practice with intention and clarity.

Do you find it helpful to talk through things out loud? Want to be able to get private coaching from me one-on-one between calls, outside of the group chat channels, to keep you clear, focused, and strategic no matter what’s coming up? Then you also have the option of the Back Pocket Upgrade.

With this upgrade, you get Private one-on-one access to me in WhatsApp, to be able to reach out directly between coaching calls via voice or text messages.

This is a much higher level of access, where you get me to yourself in a private WhatsApp channel, right on your phone. This is truly like having me in your back pocket or on speed dial, for emotionally attuned business and financial coaching whenever you need it throughout the week.

I will reply to messages within 4 business hours to go back and forth with you, talking through your challenges and questions, and helping you stay focused, grounded, and on track while you’re learning all your new skills and tools.

One Payment of $2683 USD (Pay in full and save 10%)
Or Six Monthly Payments of $497 USD

“Getting the Back Pocket Upgrade was the best investment. It’s totally worth it. It’s like, pennies for what you get from it. Just knowing that at any time I’m having a stressful thought around money, I can just shoot Linzy a message on WhatsApp to get her thoughts around it. That has been huge. That has been so worth getting and I’m glad I did it.

Linzy just has a way of not only just grounding you emotionally as you’re going through something, but also helping you look at the thoughts like, okay, let’s take the emotion out, look at the facts. She’s so skilled and just so very quick witted – I don’t know how she does it – but she has a way of like: “Okay. Give me the numbers. Give me the information. Boom, boom, boom.” And then it’s like: Whoa, magic happened somehow.

Just working through things in the moment has been the best support ever. You don’t usually get that combination of not just numbers, spreadsheets and tools, but also, help to manage the very stressful feelings that surround them.”

“Working with Linzy was such a helpful and transformative experience. Linzy helped me learn the details I’d never learned about key financial tools (such as reading balance sheets and P&Ls accurately) and in doing so I was equipped with the knowledge and skills to bring errors and oversights to my bookkeeper and accountant’s attention.

Moreover, she equipped me with other tools which helped me see my broader financial picture as a group practice owner — tools that I’d never had in place before. These tools specifically helped me feel more in control over my cash flow projections and planning for future hires.

Throughout our work, Linzy was able to hold both the technical pieces of what she teaches alongside tending to the emotional elements that inevitably came up with our financial work together and be with me in a kind, compassionate, and rigorous way. This is the biggest difference between Linzy and other financial teachers: the emotional holding she inevitably brings to the financial work that, as we all know, can be very emotionally evocative.

I absolutely love working with Linzy and trust her financial acumen completely.”

Are you ready to get off the emotional and financial roller coaster and become the empowered financial leader of your group practice?

This six-month course starts January 4, 2024.

FAQs

If I did Money Skills for Therapists or Money Boss, will this course teach me anything I didn’t learn already?

Yes! Money Skills for Group Practice Owners teaches you a whole new set of tools and skills to deeply understand your group practice numbers. The materials in this course are brand new, reflecting the complexities of group practice and the specific tools that you need at this higher, more complicated level.

Why should I learn from you when you’ve never run a group practice?

I’ve been teaching finances to therapists since 2018, and have directly helped hundreds of therapists. My gift is making finances easy to understand, and that gift applies to solo practice, group practice, and scaled business offerings. By scaling my own business, I’ve learned how to manage complex finances and employees. I’ve also supported group practice owners in my previous programs, which inspired me to create Money Skills for Group Practice Owners and apply my natural skills for teaching finances to the group practice business model.

What if I can’t make the calls live?

The live calls are a helpful part of the course in order to keep you moving through the lessons and building your new group practice CFO skills, and they’re also not essential to attend live. As the leader of your group practice, you always do have the opportunity to prioritize your CFO time and skill-building by making the calls work for you. But if you don’t attend live, all calls will be recorded and available afterward for you to listen to. There will always be questions asked by your fellow group practice owners that apply to you, so listening to call recordings like a podcast can help you feel connected and motivated.

What if I haven’t started my group practice yet?

If you haven’t started your group yet – or are just in the early stages with one or two part-time employees – this is your opportunity to get your group practice built properly from the very start. It’s always easier to set up something right in the first place, rather than having to fix it later. If you’re already thinking about the finances at this early stage of your practice, that’s amazing. It shows strategic thinking from the start. Doing this course now – before you accidentally set up a practice that doesn’t work financially – will literally pay off for years to come.

This course is for you if:

You have or are starting a group practice, and want your practice to be sustainable and pay you well for your financial leadership
You appreciate a mix of practical and emotional support to help you move forward in your business
You like to be surrounded by smart, ambitious women and non-binary folks who are mission-driven in their work and looking to create financial stability in their lives and the lives of the people they love
You love all the good parts of group practice and want to be able to keep running your group practice for years to come – as long as it feeds you, rather than sucking the emotional energy and money out of you

This course isn’t for you if:

You want to make as much money as you possibly can, regardless of the impact on your team
You hate swearing (really, I do swear a little sometimes – and I believe I do so tastefully and appropriately, for impact – but if that’s going to upset you you’re not gonna like it in the course)
You see other women and group practice owners as competition and won’t be able to genuinely celebrate others’ wins and gifts
You’re not willing to do the work to understand your own numbers and make the changes you need to make, and want someone else to come in and fix your group practice for you

For easy numbers, let’s say your group practice brings in $300,000 a year. Even though that’s a nice number, it always seems like money is tight, and you’re definitely not being paid well for your hard work and leadership.

So you register for Money Skills for Group Practice Owners, you dig in and start to understand your numbers. You start to see where you’re overspending, where your income splits aren’t working, where your policies are losing you money, and you make some tweaks here and there.

With all these small changes, if you improve how things are running financially by even 5%, that’s $15,000 per year of increased money in your group practice.

Does that go into buffers so you never have to worry about low balances again? Does that go to you, for a well-deserved raise? Do you use it to finally hire a social media manager and get that work off your plate? What you do with your extra money is all up to you – and by then, you’ll have all the strategy skills in place to use it well.

But I know you’ll be able to use your new insights and financial leadership skills to make even bigger strategic changes. If you improve your finances by 8%, that’s an extra $24,000 a year for you, or at 10% that’s $30,000 extra to use in your practice or to come home to you.

If your goal is even higher than a 10% improvement – or if you’re ready to double or triple the size of your practice – you’re going to learn the skills to strategically do that too, without spending money in all the wrong places, setting up your numbers so they will never work, or trying to grow too fast and running out of money.

Real growth and improvement is possible when you understand how to make strategic,
empowered financial decisions in your group practice every day. Where that takes you financially is up to you.

You ready?