Transitioning from Solo Practice to Thriving Business: Insights and Strategies

In this episode of the Wise Practice Podcast, host Whitney Owens, a faith-based practice consultant, discusses with guest David Sturgis the mindset shifts necessary for therapists transitioning from solo practice to successful business owners. They explore David's journey from working in psychiatric care to starting a private practice in 2018, emphasizing the challenges and strategies related to finances, time management, and seeking proper guidance. They delve into the importance of changing one's mindset around asking for help, money, time, and marketing to grow a faith-based practice. Additionally, the episode covers the upcoming mastermind group led by David, aimed at solo practitioners aspiring to grow or improve their businesses by addressing key aspects such as branding, mission, website SEO, expenses, taxes, profit, developing referrals, and key performance indicators (KPIs). The episode is rich with advice on making informed decisions, investing in oneself through business coaching, and aligning one's practice with personal and professional goals.

Show Highlights

• 00:00 Welcome to the Wise Practice Podcast
• 08:04 Transitioning from Solo Practice to Business Ownership
• 08:34 David Sturgis' Journey from Hospital to Private Practice
• 10:47 The Challenges of Full-Time Private Practice
• 14:47 Changing Mindsets for Practice Owners
• 15:08 The Importance of Getting Help and Business Coaching
• 20:10 Rethinking Money, Time, and Marketing in Private Practice
• 30:28 Introducing the Mastermind Group for Solo Practice Owners
• 37:25 Closing Remarks and Podcast Credits

Webinars

• View all the Webinars and learning events here
• When to Pull the Plug on Agency Work and Grow your Faith-based Private Practice, Tuesday, June 18, 2024, 1:00 PM to 2:00 PM
• Is It Time To Grow? Should I Start a Group Practice? Thursday, June 20, 2024, 2:00 PM 3:00 PM

Links and Resources

• Looking for support and connection: Join the Wise Practice Community
• Learn More about Whitney Owens Consulting
• Connect with Whitney Ownes on Instagram
• Connect with Whitney Ownes on Facebook
• Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com

Podcast Production and Show Notes by Course Creation Studio.