Entrepreneurship 101 for Clinicians Webinar Series

The business side of Applied Behavior Analysis is not a subject that is taught to any aspiring BCBAs. For an average clinician, lacking the understanding of how a business operates is not a barrier to becoming successful, however, as individual contributors rise up through the ranks to become Clinical Directors and other members of the leadership team, understanding how a business functions and how business people make decisions becomes paramount to success. Most importantly, learning how to "read" financial statements becomes a "must have" skill. 

Over the past 10 years, the field of ABA has become increasingly proliferated with unethical ABA organizations seeking to maximize profits as its sole objective. Faced with leaving the field altogether or staying, more and more BCBAs have decided to pursue their own path to become owners of ABA organizations. But unfortunately, most are completely unequipped to jump into the complex, murky and challenging waters of entrepreneurship.

According to the U.S. Bureau of Labor Statistics, 50% of businesses fail after 5 years. Nearly 65% of businesses fail after 10 years. One of the most common reasons why businesses fail is because of poor cash flow management and/or lack of funding. 

BCBAs know that programming decisions should only be made AFTER review of the data. In business, similar concept applies. Data is collected so data should be used. Historical data is collected with every single financial transaction that is recorded in Quickbooks or an equivalent accounting software. You can forecast data by creating budgets and pro-forma statements (i.e. projections). While every company is able to run financial reports, one of the biggest mistake that most clinician-owners make is not using and analyzing using this data to make informed decisions. 

In this Entrepreneurship 101 for Clinicians series, Karen Chung, founder and CEO of Special Learning, with over 35 years of experience in business and nearly 25 years as a serial entrepreneur (the last 13 in the field of ABA), will teach clinicins the necessary financial skills to understand how a business functions and how to read and analyze the numbers that are provided by a standard set of financial statements - Profit and Loss, Balance Sheet, and Cash Flow. We will also discuss the importance of managing billing and accounts receivable and identify sources of working capital to help small businesses bridge short-term and long-term cash flow needs in order to create and scale a sustanable business. 

Each session will include panelists from both inside and outside the field of behavior analysis to provide broader context to our discussions. We will include case studies and scenarios submitted by clinicians currently working in the field. Each session will have 30 minutes devoted to answering questions from the audience. 

The 5 individual modules in the Entrepreneurship 101 for Clinicians are as follows: 

Module 1: Entrepreneurship 101: Budgeting, Financial Forecasting and Cash Flow Management (12/6/2023)
Module 2: Entrepreneurship 101: Profit and Loss Statement (1/3/2023)
Module 3: Entrepreneurship 101: Balance Sheet (2/7/2023)
Module 4: Entrepreneurship 101: Cash Flow Statement (3/6/2023)
Module 5: Entrepreneurship 101: Accessing Working Capital and Scaling (3/5/2023)
 

Subject Matter Expert:

Karen Chung, Founder and CEO of Special Learning
Certified Public Accountant (Elizah Watt Sells Award Recipient)
Masters of Management from Kellogg Graduate School of Management at Northwestern University

NOTE: You can access each recording 7 to 10 days after the live event.

For cancellations and refunds, please see our policy HERE.