Private Practice:Benefits and Pitfalls

I have had some people asking questions about private practice. In the this series of posts, I am going to address some of the comments and questions I have received.

I have been in private practice since 1998.  (Technically, we launched in late 1997.)  I went into practice for myself because I was having a difficult time balancing work and family and I felt that if I opened my own practice, I could have a better home/work balance.  After several months, I ended up working for the local school district and doing my practice in the evening because things hadn’t caught on as quickly as I had hoped and expected.

I continued to work a “regular job” during the day and work my practice in the evenings for several years.  Looking back, I am very aware that I did that out of fear!  I had developed a fairly busy practice, but I continued the “safety” of a day job as well.  My accountant asked me why I kept my practice open.  His observation was that my practice would never support me unless I focused on it full time.

In 2008, I made the decision to focus on my practice full time and see what would happen.  Funny thing, when I gave it more time, attention and effort, it grew!  Here I am, 2017, and my primary living is my practice.  I do some teaching at a local college and some speaking, but my business is what I live on.

In the next several posts, I will discuss business strategies, challenges and the rewards of having a private practice.

Have a great day!  See you here soon!

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