Why you need a business plan

Why you need a business plan

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%

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...
Comparing Solo and Group Practice

Comparing Solo and Group Practice

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:...