The Reality of Private Practice Building

The Reality of Private Practice Building

I recently spent two days with a bunch of business owners and Rob Bell (Oh and I had Joe Sanok along side me for the ride too!).  I found a lot of comfort in being in a room of other people who get it. They get what it is like to build a business, manage projects, speak and create. We are the ones that create our work. It is not handed to us by some higher up the ladder. Nope we are the ladder. Every single rung is just us.

The second day, sitting in the Viper Room having just talked about Spiral Dynamics, Rob asked what everyone wanted to be sure to cover before the days’ end.

Failure.

Mistakes.

Fears.

The guy next to me at our table looked a little shocked. “Wow! There are a lot of people who are hurting in this room.”

I wasn’t shocked at all.

My heart bubbled and shouted “Yes, Yes, Yes!”

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Fee Setting Secrets for Therapists: Comparing Apples and Oranges

Fee Setting Secrets for Therapists: Comparing Apples and Oranges

The truth is, whether your private practice develops into something sustainable that can help your community long-term is largely based on math. Every therapist's favorite topic right? If the math doesn't add up, your business can not sustain. Period. Or can it? 

Following Other's Examples

A blogger I really like shared an article the other day and recommended looking at Psychology Today fees posted by other therapists to determine what appropriate high, and low fees are for your area. But there is one big problem... actually there are several big problems... 

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The Best Social Media Platform for 2016

The Best Social Media Platform for 2016

You are running a business. You have a million responsibilities and sometimes your to-do list can feel like it is a mile long. You want to have a healthy business and get regular clients contacting you... and everybody says social media is where it's at... 

There are Hundreds of Social Media Sites

Actually, there may be more than that. You can't possibly have time to learn and devote energy to every one of them. And, nobody has the budget to pay someone to be on all of them! So, in 2016, focusing your budget (whether it be time, energy, or money) on the RIGHT social media platform is incredibly important. 

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Why a 6 figure practice doesn't mean anything

Why a 6 figure practice doesn't mean anything

6 Figures

It sounds appealing. In the marketing world it can mean success, a thriving business, or it conveys the sense of stability. 

When I ask people joining bootcamp about their financial goals, I often hear "I want to make six figures." 

My response is: Which 6 figures? 

There is a huge difference between $100,000 and $900,000. There is also a huge difference between gross and net. How much is accounted for towards expenses and taxes. 

All of those things are important.

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8 Mistakes I made Building a Private Practice

8 Mistakes I made Building a Private Practice

The path to building a private practice is rarely perfect. While most of you know that I was able to build a successful private pay private practice during the recession- many of you don't know all the ways I messed up. The truth is, I tend to look back on things in a glass half-full. Every mistake I made led me to a million great decisions and experiences. But, it still doesn't mean I didn't mess up. 

Mistake #1: I didn't make a business plan... 

The truth is, I didn't know how to make a business plan. I did enroll in Casey Truffo's membership plan and she taught roughly how to develop a fee. However, my numbers at that time weren't build on anything. I had no idea about taxes, expenses, continuing education, and didn't even remotely consider retirement. In some ways, ignorance was bliss. It helped reduce my anxiety that I didn't "know everything I didn't know."

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How to Take Time Off in Your Private Practice

How to Take Time Off in Your Private Practice

We are just coming back from having the month of December off and as we ease back into the saddle of running a business, I find it so relevant to talk about time off instead of the typical New Year's resolution fan fare.

Before the year ended I set aside some time to plan my 2016. The first thing I did was get out my calendar and block off my time off. I blocked off

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Expanding into Group Practice: Does it Make Sense

Expanding into Group Practice: Does it Make Sense

Did you know that expanding into a group practice could kill your practice? 

A group practice could also be an amazing source of income for you now and in the future. A successful group practice doesn't just happen, it requires thoughtfulness, and great planning to ensure a healthy, happy transition. 

Group Practices Can Be Tricky

Did you know that some therapists make less running a group practice than people running a solo practice? 

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Multiple Streams of Income: What does it really take?

Multiple Streams of Income: What does it really take?

I remember the first time I heard the word passive income. It sounded so... passive. Like something I would create that would magically continue to make money through little to no effort made by me. 

However, through the last 10 years of having businesses online, it is incredibly clear to me that no income is passive. In fact, even people who seem to "stumble upon" or "hit it big" often have years of struggle behind it. 

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Therapists & Taxes: Do This BEFORE December 31st!

Therapists & Taxes: Do This BEFORE December 31st!

We hear you. The last thing you want to think about while doing holiday shopping is paying taxes... especially since it might feel like taxes aren't something to think about until AFTER this year ends. 

However, as a business owner, the rules have changed. Actually, the rules have become more important! As you begin to make more of a profit in your business, the self-employment taxes REALLY start to add up. However, there are LOTS of ways to legally and ethically reduce the amount of taxes you owe. However, you only have until December 31st of this year to do it! 

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The Art of Starting Over in your Private Practice

The Art of Starting Over in your Private Practice

Not everything is going to go as planned. You can follow every worksheet and training and life just won’t always conform to those efforts. Progress will be made and surprises will happen. If there was only one way of doing things, we would all be doing it. If there was a guarantee, we would all be in our private practices without fear or worry.

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