Private Practice Therapist Salary: How Business School for Therapists Can Help You Reach the Salary of Your Dreams
If building the private practice of your dreams and creating a sustainable income is a goal of yours in 2023, hear us out! The average private practice therapist salary is anywhere between $50,000 to $140,000 per year, so how do you find the income that meets your current needs? Enter Business School for Therapists. Learn all about private practice salaries and how the zynnyme Business School for Therapists can help set you up for success in our blog today:
How to Determine What to Charge as a Therapist
We go into depth in our blog post on why a 6-figure private practice doesn’t mean anything… but how do you know what to charge as a private practice owner? You first need to determine how much money you’ll need to live. This number will vary according to the type of lifestyle you’re interested in as well as where you live.
Here’s the basic way to calculate what you need to make as a private practice owner: Calculate your take-home income, expenses, and taxes.
We have a free training on sustainable fees + your private practice therapist salary. The training walks you through the formula, expenses, and more. We also have a fee-setting calculator in Business School for Therapists that will let you know what you should charge based on all these factors in a way that makes sense.
How to Determine What to Pay Your Employees in Group Practice
We’ve said this before, and we’ll say it again: Pay your therapists well!
If you want to grow a practice with multiple six figures, treat your people with kindness and pay them a salary they can live off. We’ve helped thousands of therapists scale their businesses and have seen group practice owners grow exponentially with multiple clinicians.
Why We Encourage Finding the Salary That Best Suits Your Private Practice
Part of finding the best salary that suits you and your goals both professionally and personally includes shifting your mindset with money. Ask yourself what kind of life you’d like to live, what kind of private practice owner you’d like to be, and come to a number. Remember to do some private practice math (thanks calculator in Business School for Therapists!) and go from there.
How Business School for Therapists Can Help You Increase Your Income
Business School for Therapists has customized support that helps you with anything and everything you could possibly need as a therapist, catered to where you’re at in private practice.
Whether you’re just starting out or looking to scale to a group practice, the program provides you with the resources to not only fill up your caseload of ideal clients but also create a sustainable private practice you LOVE. Here are some ways we’ve helped private practice owners who joined the community increase their income in Business School:
Marketing resources and tips to help you clarify your vision
Automation support to give you back your time
Business planning (including how to make a business plan)
Websites for therapists support and feedback
A private group of like-minded therapists
Business School for Therapists Salary Testimonials
Check out these private practice salary testimonials from our fellow Business Schoolers to give you some inspiration to get started:
"[Business School for Therapists] was the best investment I have made in myself. I went from working 45-50 hours per week to working 25 [hours], doubling my income, and impacting other therapists in my office. The time freedom created has been the best gift of all!" - Cyndi Doyle, Pecan Branch Counseling / Code4Couples
"Three years into my private practice as an out-of-network therapist, I discovered zynnyme. In 2018, my income doubled and for the first time, I could breathe easily, trusting my ideal clients would find me, thanks to [Business School for Therapists]." - Lisa Love, Mindful Guidance Coaching and Counseling
"[Business School for Therapists] has helped me visualize my ideal practice, learn all the skills I didn't know I needed, get organized, and drastically increased my income." - Desiree Woehrle, https://therapywithdesiree.com/
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Dream big in 2023 and secure the salary that best meets your needs and desired lifestyle. Let Business School for Therapists help get you there. Enroll today to get started.
