Zero to Full | How to Grow Your Private Practice for Healing and Therapy


Posted October 5, 2019 by pragya5678

While you are growing, take the income you are getting from the private practice to use reinvest and/or build a cash reserve.

 
Most anyone that has gone into private practice as a therapist or counselor remembers their first client. It is always an exciting thing to get that first paying “customer” through the door. And it always seems like number two, three and four, etc. are the ones you have to work the hardest to get.

Growing a private practice does take a lot of work. Those beginning stages do require a lot of hustle. It is the kind of hustle though that feels good and exciting because you know it is leading to something that will be rewarding and somewhat liberating. Being self-employed has a lot of ups and downs. But once you get the momentum going, things quickly fall into place and you can be in your dream job.

Investing in the Practice
Hopefully most people know that just by “putting out your shingle” does not get you a full practice from the start. It is something that has to be built over time. So it makes sense that you will need to allow yourself the time and patience needed to build a practice.

It is also very important to not be totally dependent financially on a growing practice. Unless your already have a large enough cash reserve that you can draw from, a smart way to go is to start part-time with your private practice. In other words, keep your “day job” AND see clients part-time while the momentum builds.

While you are growing, take the income you are getting from the private practice to use reinvest and/or build a cash reserve. Ideally it is a good idea and practice to have at least 2 months of your total practice income and expense (salary, office expenses, etc.) in reserve for yourself. So for example, instead of paying yourself, you would put the money made by your private practice into a savings account. Ideally do this until your practice is full and you make the transition into going full time.
https://www.healerplus.com
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By pragya
Country India
Categories Health , Software , Technology
Tags healers , managepractice , practicemanagement , practicesoftware , therapists
Last Updated October 5, 2019