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Learn the fundamentals of business finance and develop practical skills for managing the financial side of a massage therapy practice. This 4-hour continuing education course introduces massage therapists to financial planning, budgeting, profitability, business expenses, financial policies, banking, cost-benefit analysis, and strategies for making informed financial decisions.
Whether you are starting a massage therapy practice or managing an established business, this course provides practical information to help you better understand and organize your business finances. You will learn how to evaluate financial decisions, identify potential financial roadblocks, and track progress toward your business goals.
In this course, you will learn:
How to organize and plan business finances
Basic financial planning and budgeting concepts
How to evaluate business expenses and profitability
How to identify potential financial problems and roadblocks
How to use cost-benefit analysis when making business decisions
Financial policies for clients and massage therapy practices
Banking and online banking considerations for small businesses
How technology can assist with financial management
Strategies for saving for a new practice or business expansion
How to monitor financial progress and work toward business goals
Why take this course?
Understanding business finances is an important part of managing a successful massage therapy practice. This course provides massage therapists with practical financial information that can help them make more informed business decisions, evaluate expenses, understand profitability, and plan for the future.
Whether you are preparing to open a practice, expanding an existing business, or simply want to strengthen your financial knowledge, this course provides useful tools and concepts for better understanding the financial side of massage therapy.
Describe basic financial planning and budgeting principles for a massage therapy practice.
Explain how business expenses can affect profitability and financial performance.
Identify common financial roadblocks and strategies for addressing them.
Apply basic cost-benefit concepts when evaluating business decisions.
Describe financial policies and practices that can support effective business management
Explain basic strategies for saving and planning for business growth or expansion.
Recognize the importance of monitoring financial progress and making informed financial decisions.
Text: Business Finance textbook by Stephan Shipe, 50 pages
Course instruction guide
20-question multiple choice final exam
Course evaluation
Certificate of Achievement upon completion
Unlimited phone and email support for course-related questions
The Center for Massage Therapy Continuing Education, LLC is an Approved Provider through the National Certification Board for Therapeutic Massage and Bodywork (NCBTMB); Approved Provider number 409296-00.
Our continuing education courses are also accepted by the American Massage Therapy Association (AMTA), Associated Bodywork and Massage Professionals (ABMP), and most state boards.
For more information on individual state requirements and approvals, please visit our Approvals page and click on your state.
I like how the questions were asked. It was written in a way that would not mislead the person taking the exam. - Kimberly C.
Clear, definitive material. Easy of an at home study course. - K. Pascale, LMT
Exactly what I was looking for and needed. - Sharon Tate, LMT
Helped my understand the business side of my practice. - Chirssy Sharon, NCBTMB
Love the download format. Its easy to follow and provided the CE hours I needed. - Justin Gormaly
What are variable monthly costs?
A. Monthly expenses that occur every month at different times
B. Monthly expenses that occur every month with a fixed amount
C. Monthly expenses that do depend on how many massages you give
D. Monthly expenses that do not depend on how many massages you give
Which would not be a valid topic to cover in your financial plan?
A. Your running expenses and break even points
B. Past profit calculations and projections for the future
C. The current marketing channels you have in place
D. Your financial goals and current progress toward them
A massage therapist charges $50 a massage. She expects her expenses to be $200 and her salary to be $500. How many massages does she need to give to meet her salary breakeven point?
A. 4
B. 10
C. 12
D. 14
Course Author
About the Instructor
Stephen Shipe, Ph.D, CFA
Stephan Shipe is a finance professor at Wake Forest University. He has a Ph.D. in Finance from Florida State University, a bachelor's degree in finance from the University of North Florida and is a CFA Charter holder. In addition to teaching at Wake Forest University, he has taught in the business schools of Florida State University and the University of New Hampshire and has started and managed multiple businesses. Stephan has combined his experience teaching, his extensive business knowledge, and his industry experience to form a collection of business based continuing education courses available to massage therapists.
