The Essential 5 Questions before Starting a Group Practice with Amy Dover

In this episode of the Wise Practice Podcast, host Whitney Owens introduces Amy Dover, a Group Practice Owner and WISE Practice Consultant. Amy shares valuable insights for solo practice owners contemplating the transition to a group practice. She outlines five essential questions to consider: 1) Do you want to manage people? 2) Do you want to see fewer clients? 3) Are you personally ready to be a group practice owner? 4) Are you prepared to be lonely? 5) Do you trust your decision-making skills? Amy emphasizes the importance of strong foundations, effective decision-making, and personal readiness for the challenges and rewards of running a group practice. Additionally, she promotes her upcoming mastermind group starting in July, designed to help practice owners scale successfully by providing practical tools, support, and community. Listeners are encouraged to visit wisepracticeconsulting.com for more information and to sign up for a free consultation call with Amy.

Show Highlights

00:00 Introduction to Scaling Your Practice

01:42 Meet Amy Dover: Your Guide to Group Practice

02:34 Amy's Journey and Experience

03:16 The Importance of Foundational Planning

04:16 Personal Insights and Challenges

07:12 Essential Questions for Aspiring Group Practice Owners

14:47 Managing People: The Good and the Bad

20:20 Balancing Client Work and Leadership

23:23 Balancing Client Load and Business Growth

24:19 Shifting Focus from Clinical to Business Skills

26:17 Personal Readiness for Group Practice Ownership

27:41 The Challenges of Balancing Family and Practice

31:36 Building Trust and Managing a Team

33:01 The Loneliness of Leadership

37:06 Decision-Making in Group Practice

40:30 Mastermind Group and Coaching Opportunities

45:48 Conclusion and Final Thoughts

Resources Mentioned in the Podcast

1. Wise Practice Consulting Website: For information on the mastermind group starting in July. Wise Practice Consulting Mastermind Group

2. Webinars and Workshops: or information on the webinars in June click here. 

   • When to Pull the Plug on Agency Work and Grow your Faith-based Private Practice, Tuesday, June 18, 2024

   • Is It Time To Grow? Should I Start a Group Practice?, Thursday, June 20, 2024

   • Money Leaks in Your Private Practice, Wednesday, June 26, 2024

Grow to a Group Practice

If you're considering starting a group practice and want personalized guidance, consider joining Amy Dover's "Scaling to a Group Practice Mastermind Group." This six-month program offers live Zoom meetings, access to the Wise Practice membership community, and personalized support from Amy. You can find more information and sign up on the Wise Practice Consulting website. Don't miss this opportunity to build a solid foundation for your group practice and avoid common pitfalls.

Starting a group practice is a challenging yet rewarding journey. By asking yourself these essential questions and seeking the right support, you can set yourself and your practice up for success.

How Can Guto Help Save Time with Payroll Processing?

Gusto is an excellent payroll processing option for therapist group practice owners due to its intuitive interface and comprehensive support. It simplifies the complex task of managing payroll, taxes, and employee benefits, which is particularly beneficial for practices with multi-state employees. Gusto’s paperless onboarding streamlines the hiring process, and its user-friendly software makes it easy for administrative staff to run payroll efficiently. Additionally, Gusto’s responsive phone support ensures that questions or issues are promptly addressed, allowing therapists to focus more on their clients and less on administrative tasks. If you sign up using this link, you will get a $100 sign-on bonus! 

 

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.