Therapists bring a unique skill set to entrepreneurship. We are trained to tolerate discomfort, manage emotional intensity, respond flexibly under pressure, and build meaningful relationships. These same skills translate directly to running a business. We enter this field because we care about people, and that care can also be directed toward building a sustainable, values aligned private practice.
That said, good intentions are not enough. A successful practice requires clear structure, thoughtful planning, and ongoing attention to both clinical and business realities.
Business Structure
Before seeing your first client, you need to establish a solid business foundation. Your business structure determines your legal liability, tax obligations, and financial flexibility.
Common options include sole proprietorship, partnership, limited liability company (LLC), or corporation. Each comes with different implications for taxation, personal liability, and administrative complexity. Many clinicians choose an LLC for its balance of protection and flexibility, but this decision should be made with professional guidance.
Key Steps to Establishing Your Practice
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