Gabe Nelson | Preparing for Worst-Case Scenario In Private Practice | TPOT 197
The Practice of Therapy Podcast with Gordon Brewer
Release Date: 09/27/2021
Michael Deittrich-Chastain | Leadership and Team Building | TPOT 213
The Practice of Therapy Podcast with Gordon Brewer
Michael Diettrich Chastain, is an ,, , and consultant dedicated to peak performance. In this episode, Michael opens the show by explaining the difference between therapy and coaching. As a coach, Michael reveals the top issues leaders have in their businesses. One of the most significant business struggles is employee retention and employee satisfaction. Michael explains what can be done in the workplace to improve engagement and create a workplace culture that is both positive and inclusive. Tune in as we chat all about and how his methods can help you reduce stress,...
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Avivit Fisher | How Private Practice Marketing Has Changed | TPOT 212
The Practice of Therapy Podcast with Gordon Brewer
In this episode, Avivit Fisher joins the show to talk about marketing your private practice. First, Avivit gives tips on your marketing messaging and better relating to potential clients. If you’re extremely busy in your private practice, Avivit says you should still utilize marketing tools. Plus, Avivit reveals which marketing tools can make your private practice’s systems and processes smoother. Tune in as we chat about innovation in the mental health field and finding business opportunities to create more income streams in your practice.
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Dr. Larry Waldman | Adding Income Sources In Private Practice | TPOT 211
The Practice of Therapy Podcast with Gordon Brewer
In this episode, Dr. Waldman talks about the importance of marketing your private practice. Challenge yourself to promote your practice once a day. By the end of the year, some type of marketing will stick. Plus, Dr. Waldman speaks about utilizing the internet for your private practice marketing. Later, we talk about the various ways to increase your income. Dr. Waldman reveals how he grew his income significantly in his practice, allowing him a comfortable retirement. Meet Dr. Larry Waldman Dr. Waldman is a recently semi-retired certified school psychologist and licensed clinical, forensic...
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Setting Your Private Practice Priorities in 2022 | TPOT 210
The Practice of Therapy Podcast with Gordon Brewer
As we start the new year, I will give you some ideas around setting priorities and goals; it's a topic that I tackle at the beginning of every year. First, I talk about the importance of having a planner that uses good old-fashioned pen and paper. When we write things down, we tend to process that information differently. Plus, I talk about what exactly is a brain dump and how it can help you find clarity in your private practice. Later, I chat about the importance of knowing your numbers, getting your systems and processes cleaned up, and finding community on your journey. Why You Need A...
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2021 Year in Review: Important Private Practice Topics | TPOT 209
The Practice of Therapy Podcast with Gordon Brewer
This episode reviews themes covered in the Practice of Therapy from 2021. A few topics have come up from the last fifty episodes or so. I dive into those subjects, including community, preparing for a worst-case scenario, updating your private practice, diversifying income, and using mindfulness in your business. Tune in as I talk about some of my favorite episodes from these topics and the most significant lessons learned from my guests this year. Looking At The Worst-Case Scenario During Covid, many of us had to think about preparing for the worst-case scenario. Most likely, you, your family...
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Kelly and Miranda | Following Your Passion Through Online Community | TPOT 208
The Practice of Therapy Podcast with Gordon Brewer
In this episode, Kelly and Miranda are back for a spirited conversation covering many topics. First, we discuss the importance of following your passion, especially when creating a side hustle. Whatever problems are coming up in your private practice will follow in your second business; so, ensure you have those problems addressed ahead of time. Later, we talk about how big tech companies are taking advantage of therapists and why you need to know your numbers if you’re considering joining one of these sites. Tune in as we chat about naming your business and what you can expect from in the...
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Ernesto Segismundo | Finding Creative Solutions in Private Practice | TPOT 207
The Practice of Therapy Podcast with Gordon Brewer
In this episode, joins the show. He talks about the importance of clinicians feeling comfortable sharing their ideas and being creative. Once therapists start talking about legal and ethics, many people clam up and don't want to be vulnerable with their thoughts. However, the mental health crisis is quickly getting out of hand, and we need therapists to be creative now more than ever. Tune in as we chat about listening to your body, how success will impact your personal life, and attracting the right types of people. Meet Ernesto Segismundo is a licensed marriage and family therapist....
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Kathleen Shannon | Licensure Portability For Therapists | TPOT 206
The Practice of Therapy Podcast with Gordon Brewer
I am lucky to be joined by Kathleen Shannon; she has a real passion for talking about licensure portability. It's an issue that many of us have run into if you move around, change states, or simply want to be licensed in multiple states. This particular issue of licensure portability comes up a lot during Covid. Many people recognize the need for licensure portability as we shift to and from telehealth. Tune in as we chat about what you need to get licensed in multiple states and how Kathleen plans to make the process easier with her courses. Meet Kathleen Shannon Kathleen B. Shannon, MA,...
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Dawn Gabriel | Team Culture and Soul Care For Therapists | TPOT 205
The Practice of Therapy Podcast with Gordon Brewer
Today, we talk about how to build team culture in your practice. Creating the right culture within your practice is a learning process and a growth process as a business owner. Dawn gives tips on building a culture within your workplace that reflects the values and mission of your group practice. We also speak about the importance of soul care and taking care of that side of yourself. Remember, you need to invest in your as much as you do any other part of your practice. Meet Dawn Gabriel is for anyone who has ever - or who is currently - questioning their connection with God. Do you find...
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Accepting Insurance and Third-Party Payors In Your Private Practice | TPOT 204
The Practice of Therapy Podcast with Gordon Brewer
In this episode, I talk about some of the myths and misperceptions people have about being on insurance panels. I delve into this topic and let you know what I've learned about it from my insurance-based practice. First, I speak about the stigma around accepting insurance in private practice. If you accept insurance, you are just as valid and can be just as successful as private practice owners who are cash-based. Tune in as talk about the pros and cons of insurance panels, why I chose to be insurance-based, and where to start when you decide to accept insurance. The Stigma Around Accepting...
info_outlineToday we talk about preparing for emergencies in private practice. As a solo practitioner, certain things need to be in place before you have an emergency on your hands. If you haven't started preparing yet, then it's not too late! Gabe Nelson joins the show to explain exactly what you need to do to be ready for the worst possible scenarios. Tune in as we chat about saving for emergency funds, getting the right insurance, and ensuring you are protected as a business owner.
Meet Gabe Nelson
With almost three decades in the financial services industry and more than a decade as an independent small business owner, Gabe Nelson already had an established thriving practice and solid reputation in his industry when he recognized an interesting trend among some of his favorite clients.
More and more, he found himself working with self-employed professionals and solo-entrepreneurs. And as a business owner himself, he was fired up about helping them navigate the unique challenges they were facing – because he was just like them.
He understood that independent professionals have specific needs. Most financial advisors don’t know exactly what it takes to transition from employee to independent contractor status or establish long-term financial security without relying on a regular paycheck.
He also knew that with more of the workforce becoming self-employed every day, more people could benefit from working with an advisor who knows how to plan for the whole financial picture, including legal, estate, financial, retirement, life, disability, and more — with an entrepreneurial spirit.
So he took his passion for providing a personal touch with hands-on problem-solving and solution-oriented comprehensive planning and decided to focus on serving solo entrepreneurs.
Preparing For The Worst Possible Event
We're talking about preparing for emergencies or preparing for the worst thing that could possibly happen. It would help if you protect yourself from a crisis as a practicing therapist. This preparation should come in handy whether you're running a solo practice or a group practice. There are certain things that you need to start thinking about and putting into place.
For instance, make sure you have money set aside in case something happens. If something does happen to your practice, and you're not able to keep working or seeing your clients, then what is your plan? The pandemic was a great test run for a lot of people. The beautiful thing about therapy is that you can still see clients virtually and do a lot of your practice through telemedicine.
Start Saving For Your Emergency Fund Today
If you haven't yet, then it's time to set aside a certain amount of money in your practice. It would help if you considered how much money you are willing to save. It can be anywhere from three months to six months or even twelve months. Gabe recommends that solo private practice owners reserve twelve months of their income for emergency use. As a solo practitioner, that business checkbook is kind of like your personal checkbook. Many people think that if their business is doing well, they are going to be okay on the personal side. However, that is not always the case.
Do You Have The Proper Insurance?
The next step is to start making sure that you've got some adequate insurance in place to protect you from those types of things that could happen. No one ever likes to talk about insurance. I mean, no one's talking about life insurance, and they don't want to talk about disability insurance. These are all things that you need to start thinking about when you are an adult businessperson and running a practice. Make sure that you've got an adequate amount of life insurance in place. Gabe is a huge fan of just Straight Term Life Insurance; keep it simple, get as much coverage as you can, and for the lowest cost.
Who Will Take Over Your Business?
If something does happen to you, what is going to happen to your business? Do you have another set therapist or a firm that is set and ready to buy your practice from you? That way, you can realize all of those years of hard work you put together to benefit your family? Over the last ten years, the investment advisory world has gotten big into that because they realize the trust and relationships we build with our clients. That's a piece of protection that most solopreneurs don't think about.
Find Protection As A Business Owner
Lastly, it would help if you had some business owner protection. What if there is a fire at your workplace? What if there is a flood in your home? Do you have some of those protections in place that would at least give you some replacement of income? It would help if you had some insurance protections that would replace your computer or your software. Business owner's insurance is a policy that combines both property and liability coverage into one package. Don't forget to consider other types of insurance like life insurance and disability insurance.
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Meet Gordon Brewer, MEd, LMFT
Gordon is the person behind The Practice of Therapy Podcast & Blog. He is also President and Founder of Kingsport Counseling Associates, PLLC. He is a therapist, consultant, business mentor, trainer, and writer. PLEASE Subscribe to The Practice of Therapy Podcast wherever you listen to it. Follow us on Twitter @therapistlearn, and Pinterest, “Like” us on Facebook.