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What percentage to spend on overhead? It depends…

What percentage to spend on overhead? It depends…

by Pauline Wallin, Ph.D. | Jun 26, 2022 | Business matters

From the "questions we get asked" file... "What percentage of my income should I be spending on overhead?" This is sort of a trick question, because the answer depends on several factors, including: 1. How you define "overhead" Overhead is not a legal term, and the...
Easy Ways to Keep Up With Mental Health Research

Easy Ways to Keep Up With Mental Health Research

by Pauline Wallin, Ph.D. | Jun 11, 2022 | Productivity, Professional development, Research, searching, Web content

Keeping up with the latest research in your field is essential to maintaining an ethically responsible mental health practice. However, unlike our salaried colleagues in the academic community, we have limited time for reading journal articles. One way to stay abreast...
Why you need a business plan

Why you need a business plan

by Pauline Wallin, Ph.D. | Apr 16, 2022 | Business matters, Practice development

Back in grad school the path to success was laid out for us. We were given a curriculum and syllabus, which outlined what we had to learn and in what order. Good grades were pretty much guaranteed by simply mastering the material. In actual clinical practice there is...
Employment arrangements: When 50% is greater than 70%

Employment arrangements: When 50% is greater than 70%

by Pauline Wallin, Ph.D. | Mar 19, 2022 | Business matters

Recently posted on a mental health clinicians' online forum (reworded here for anonymity): "I've been thinking about going into private practice, and have talked to a couple of practice owners about working for them. One of them will pay me 50% of my receipts, and the...
Employee vs self-employed: Are the tradeoffs worth it?

Employee vs self-employed: Are the tradeoffs worth it?

by Pauline Wallin, Ph.D. | Feb 6, 2022 | Business matters, Professional development

The perks of being your own boss include freedom to set your own hours and fees, to take time off whenever you want, and to make decisions about what type of professional work you want (and don't want) to do. Whether you own a practice or work as an independent...
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  • What percentage to spend on overhead? It depends…
  • Easy Ways to Keep Up With Mental Health Research
  • Why you need a business plan
  • Employment arrangements: When 50% is greater than 70%
  • Employee vs self-employed: Are the tradeoffs worth it?

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