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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

What Growing a Group Practice Really Takes | Whitney Owens | TPOT 453 show art What Growing a Group Practice Really Takes | Whitney Owens | TPOT 453

The Practice of Therapy Podcast with Gordon Brewer

Growing a private practice takes more than adding clients and hiring therapists. It also means learning to delegate, trust your team, and let go of doing everything yourself. In this episode, Gordon Brewer welcomes back Whitney Owens, founder of Water’s Edge Counseling and Wise Practice Consulting. Whitney shares her journey from solo therapist to group practice owner, including the challenges of building a leadership team, navigating staff turnover, and creating systems that support growth. Gordon and Whitney explore how confidence develops through experience, why clear values matter in...

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Therapists spend a lot of time encouraging clients to slow down, practice mindfulness, and become more aware of what they need—but practicing those same things in our own lives can be much harder. In this episode, Gordon talks with Debi Trent Brown about mindfulness beyond meditation, the importance of creating small moments of joy, and what it means to live more authentically. They explore how the “rules” we pick up from family, culture, and society can quietly shape our choices, why pausing before we respond can help us better understand ourselves, and how consistency—not...

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What happens when being “successful” in private practice starts to look a lot like burnout? In this episode, Gordon talks with James Marland about the three traps that can keep therapists stuck in one-on-one work: the clock trap, calendar trap, and couch trap. They unpack why being fully booked isn’t always the same as being free, and how tying your income, time, and impact entirely to client hours can eventually become exhausting. James also shares practical ways therapists can begin thinking beyond traditional one-on-one work through workshops, courses, trainings, and other resources...

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One of the things I’ve learned over the years is that the work we feel most drawn to often has some connection to our own experiences. That doesn’t mean our story becomes the center of the therapy room, but it can absolutely shape the populations we care about, the problems we notice, and the kind of practice we want to build. In this episode, I talk with Hannah Short about how her own experiences with eating disorder recovery and postpartum helped shape her clinical niche. We also get into thoughtful self-disclosure, creating a practice where clients feel genuinely understood, moving from...

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When therapists think about branding, it’s easy to immediately think about logos, fonts, colors, and websites. But your brand is so much more than what your practice looks like online. It is also the feeling people get when they encounter you, the story they associate with you, and ultimately, whether they feel like they can trust you. In this episode of The Practice of Therapy Podcast, I had the pleasure of talking with Ritu Riedweg about personal branding, marketing, and what therapists can do to make their practices easier to find and easier to connect with. Ritu brings an interesting...

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Working with high-risk teens can feel overwhelming, especially when self-harm, suicidal thoughts, emotional dysregulation, or repeated hospitalizations are part of the picture. So how can therapists provide both compassion and structure without letting fear drive the treatment? In this episode, Gordon talks with Katie K. May about working effectively with high-risk teens and their families. Katie shares why validation matters, how therapists can provide strong clinical leadership, and why caregiver involvement is such an important part of the process. They also discuss proactive safety...

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What happens to your private practice when you step away? In this episode, Gordon talks with TaVona Denise about what her Private Practice Vitality Report revealed about owner dependency, burnout, delegation, and the systems that keep a practice running. They explore why hiring more staff doesn’t always create more freedom, how to tell if your practice still depends too heavily on you, and the simple 30-day question that can uncover exactly where your systems need work. If you want to build a practice that can grow without requiring you to be involved in every decision, this conversation is...

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A private practice can look successful on the outside and still feel exhausting behind the scenes. Clients are showing up, revenue is coming in, and everything appears to be working, but the owner may still be answering every question, fixing every exception, following up on loose ends, and carrying far too much of the practice in their own head. In this episode, Gordon talks with Lisa Permar about the small, repeated friction points that quietly drain a practice owner’s time, attention, and energy. They explore how everyday tasks around intake, scheduling, billing, documentation, and team...

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Today 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.