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.
Your book has been really helpful, especially the business plan and all of the links. It saved time to have all of the links in the book verses me searching for them and I don’t know if I would have thought to look for all of those.
I wish that I had read the book right at the start of beginning my practice. The information about marketing, determining space, etc, were all things that I learned through the process. It would have been beneficial to read all of that up front!
I have really enjoyed all the stuff you put out. Thanks so much for the work you do. In some ways I feel like could not have done it without you. I made some very big decisions based on your advice.
I cannot tell you how much I appreciate your writing this Ebook and making your podcasts. Your knowledge and encouragement has prepared me and given me the reassurance that I needed to start my own clinic. Thank you!
A must read for any therapist hoping to start a private therapy practice. Scott has done an excellent job offering firsthand experience as a guide to answer important questions. Scott takes the guess work out of building a solid business plan, marketing and documenting for a private practice. The Billing section provides in-depth information about the billing process to help practitioners decide the best option to fit the community they serve.
Scott thoroughly covers marketing research, funding, billing, even adding on employees. It was an easy read with important recommendations you can return to as you need or grow.