Some Final Words on Private Practice

I have tried to answer some of the questions that I get asked about having a private practice.  This is a few final words and a brief summary. Make a business plan and know what you want to put in and get out of your business. Determine what and where you can establish streams of…

Planning – Do I Have To?

When I am talking about planning, I am not talking about a business plan.  Technically, that what some of the earlier posts addressed in specific areas.  It is always a great idea to have a written plan for your business. But, do you always want to be in business?  Do you always want to work…

Availabilty- Too much or too little?

When we are working in a clinic setting, we are available during the hours that we are scheduled to be at work.  When we become self-employed, these lines can get a little blurred and this can be a problem. If you are not available enough, (lots of time away from the office), then people won’t…

How Good are you at Self-care?

You may be familiar with the saying, “physician heal thyself”.  I am not sure who said it originally, but it has been around for a very long time.  Here’s the gist of that saying means:  if you are not taking good care of yourself, you’re not in a position to tell me what to do. …

Asking for Money

Over the years I have spoken with many people in helping professions who struggle with this aspect of business.  I have heard so many people say, “I want to help people, I didn’t get into this just for money!” First off:  I am GLAD you didn’t get into this line of work for the money..it…

Revenue streams

Ok, you’ve decided to make the jump and start a private practice.  Congratulations!  Now, your next objective is to make sure that you are making enough income to meet your needs and feel successful.  So, how do you do that? Well, the first thing is to decide: self-pay, insurance pay or a combination of the…

Be a Willow, not an Oak

In the previous post, I talked about things you need to do to be prepared for success in business.  Success takes some preparation and a good amount of things going in your direction.  In my psychology classes, I ask students if they would rather be an oak or a willow if they were a tree….

Taking Inventory

If you want to start a practice of your own, I strongly suggest you take an inventory.  Of what?  Well, what are your skills and what are you bringing to the table to offer to your clients?  What kind of clients are you hoping to attract?  How long can you go before you will have…

So You Want to Work for Yourself?

One of the American dreams is to start a business and be successful with that business.  And when I talk with my students, there are always some who have the entrepreneurial spirit and talk about having their own business. I can tell you from my own experience, I have loved being my own boss.  I…