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Getting Started in Developing a Niche Practice

Getting Started in Developing a Niche Practice

by Pauline Wallin, Ph.D. | Aug 27, 2022 | Business matters, Practice development, Professional development

Is it necessary to have a niche practice in order to make a comfortable living? This question comes up frequently in our consultations with colleagues. Many clinicians have developed thriving practices without focusing on any given specialty or population segment. You...
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...
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...
Innovate, using what you already have

Innovate, using what you already have

by Pauline Wallin, Ph.D. | Jan 15, 2022 | Ideas, Practice development, Professional development

Check out the picture below. It's a "mowercycle," created by someone who probably had very little money but lots of ingenuity, using items already on hand to solve a common problem.   What does this have to do with mental health practice? You may not have the desire...

Comparing Solo and Group Practice

by Pauline Wallin, Ph.D. | Jul 10, 2021 | Business matters, Practice development

There's no "best way" to be in private practice. But depending on your goals, your life style, your personality and other factors, you may find that solo practice suits you more than group practice, or vice versa. The table below summarizes the main differences:...
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