#1: Stop putting it off until you are ‘ready’
Once you decide owning your own private practice is what you want, it’s important to be prepared for taking the leap into private practice. Few of us ever really feel ready, but that’s to be expected.
Those butterflies in your stomach will keep you on your game; they will keep you excited and wide-eyed. Being excited about your work can help you to become incredibly successful.
If you are working for someone else, probably 50 percent to 75 percent of the revenue you generate is left on the table for your employer. You do the math— how much money is it costing you each month that you put off establishing your own private practice?
The golden handcuffs of traditional employment (predictable income, benefits, guaranteed clients) can be very comforting for some, but are quite costly for those who want to own their own business.
To make the leap to private practice, you’ll need to: set up your business (find space, an accountant, and the tools you will need for record-keeping); get yourself ready (get your credentials in place, obtain a federal ID number); and put in place a marketing strategy. These tasks don’t have to be overwhelming if you have some guidance and a system.
#2: Make it your ‘dream’ practice, right from the start
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