In this solo episode, Gordon gives tips and tricks on pivoting in private practice. Whenever you're thinking about making a change, the first thing to consider is "why?" What is driving your decisions and is private practice the right fit for you? One way to think about your "why" is by doing a brain dump. Get all your thoughts out on paper - Gordon does this every single week. Stay tuned as he speaks about knowing your numbers in private practice and the importance of outsourcing.

Think About Your Why

COVID has caused most of us to think about what we are doing and how we can change things. Think about your "why." Why are you thinking about going into private practice? Many people want to make more money in private practice. However, why do you want the money? Think about your lifestyle. What is the life that you want to create for yourself within your practice? What is going to feed you emotionally, spiritually, and physically?

A person can go into private practice and realize that it's no different than working nine to five for someone else. It's not the best fit for everyone. You need to have a massive drive to succeed in private practice. An entrepreneurial spirit is an absolute must – there should be a growth mentality there. At the end of the day, you have to be a self-starter, and you have to hold yourself accountable. If you're not wired this way, then private practice may not be the best fit.

Understand Your Numbers

If you are in private practice and you're not making a profit, you will not survive. Get a clear picture of your numbers as you begin to change things in private practice. If you're thinking about adding another person to your practice, make sure you understand your practice's financial side. Do a deep dive into your numbers and understand how all the financial pieces work. How much do you get per session? What does it cost you per session? Break things down in that way.

Outsource Your Admin Work

Once you reach a critical mass with your clients, spending time on admin work is not a good use of your time. You make money by seeing clients, so don't spend too much time working on admin work. Once you outsource your admin work, you'll find that it pays for itself. That way, you have more free time to see clients. The hardest part around this is a mindset shift. You have to get your head around the idea of return on investment. In order to make money, you need to spend money. Think about the math!

Do A Brain Dump

Think about all of the things that are important to you. Every week, write down everything you need to do and everything you want to accomplish. Take a sheet of paper and jot down all of the things that you wish to change in your private practice. This way, you can capture all of those thoughts. Map out how you want to get to where you want to go. If you're creative, you can take these thoughts and create a visual map on a poster board.

Cut Out The Deadwood

Have a space that is comfortable for you and allows you to do the things that you want to do. Throw things away or donate items that you do not need anymore. This is called cutting out the deadwood. You can do this in private practice. Look at your systems and processes. Are there things that you are doing that no longer serve you? Maybe your clients are filling out too many forms. Think about how you can streamline your systems. Also, think about your subscriptions. It may be time to change your cell phone plan. Are you paying for things that you don't use? Then it's time to clean things up and cut the deadwood.

Being transparent… Some of the resources below use affiliate links which simply means we receive a commission if you purchase using the links, at no extra cost to you. Thanks for using the links!

Resources

TherapyNotes.com - use the promo code "GORDON" to get 2 months free.

Self Care Podcast Interview with Gordon Brewer Business Models for Private Practice Paul Jarvis |How Keeping Your Practice Small Could Be Big... | TPOT Podcast 086 For all of my digital products and courses, I am offering a 20% discount for the month of August. Use the promo code "AUG2020" to get the discount. G Suite for Therapists | The E-Course

> Session Note Helper 3.0

Money Matters in Private Practice | The Course Join the G-Suite for Therapists Users Group Blog post and free download: Cool Resources Follow @TPOTpodcast on Instagram Meet Gordon Brewer, MEd, LMFT

Gordon is the person behind The Practice of Therapy Podcast & Blog. He is also President and Founder of Kingsport Counseling Associates, PLLC. He is a therapist, consultant, business mentor, trainer, and writer. PLEASE Subscribe to The Practice of Therapy Podcast on iTunes, Stitcher and Google Play. Follow us on Twitter @therapistlearn and Pinterest "Like" us on Facebook