Without the vital information you get from this type of scrutiny, you could be jumping into a lion’s den.
Your business plan is your blueprint for success. It’s often called a road map. It shows where your business plans to go in the future and how it plans to get there.
The more money you have in the beginning of private practice, the more freedom you will also have.
When you begin your practice, start small and only buy the most necessary supplies and equipment that fit in your budget.
You want your business number to be on all of your marketing tools. And you want the community to associate this number with your practice.
Some practices are located in a brick and mortar clinic while others work administratively from home and provide therapy in other facilities with no overhead.
You must constantly monitor the effectiveness of your marketing tools and think of them purely in terms of growing profit.
As boring as I find the topic of insurance to be, it is something that you must have in order to be an independent therapist and do private practice.
It’s better not to get in trouble with a system that has endless resources to make you pay for such a mistake.
Progress notes are something that you want to get right from the beginning. If you employ multiple therapists, you want progress notes to be universal.
Don’t let billing scare you or keep you from opening a private practice.
Opening your practice to multiple disciplines will better establish your business within the community, generate more referrals and make your marketing much more effective.
Private practitioners get things done because they believe in the possibility of success. This is the vision of all good entrepreneurs.
Remember, you must do your research before opening a private practice. And after you are in practice, you must continue learning.
20 pages full of information on how other private practice owners operate and market their business for just a few dollars more.