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Episode 84: How to Start a Private Practice

Startup Nation, listen now to our podcast with Dr.Kate Campbell & Katie Lemieux, LMFT on How to Start a Private Practice.
How to Start a Private Practice

Show Notes

Listen on Google Play Music

Startup Nation, Meet Katie Lemieux & Dr. Kate Campbell!

How to Start a Private PracticeStarting in private practice can be overwhelming and intimidating, but it doesn’t have to be! Let’s face it, we were taught to be great clinicians in graduate school, but most programs don’t teach us the essential business skills needed to become successful in private practice. However, those skills can be learned and we are here to support you on that journey.

This episode is packed full of tons of practice building and growing #ninjatips so make sure to grab something to take notes with and reference the below resources to help you on your journey from startup to mastery! We’ve organized this episode in steps so you can follow them one by one. You can do this! We’ve got your back!!

Show Notes:

  1. PLAN – Start off with a plan. If you fail to plan, you can plan to fail. Don’t make the same mistakes we did. Here are some resources to help you with strategizing your dream practice. 
  • Goal Planning Worksheet – Download this worksheet and use it as a guide to help you build your dream private practice and dream lifestyle! 
  • Create a business plan – listen to Amanda Patterson’s Podcast
  • Create your lifestyle business – listen to Joe Sanok’s Podcast.  
  • Create a financial and marketing strategy to set you up for long-term success. 

2. BRANDING & IDEAL CLIENTS – Know thy ideal client and brand yourself first before deciding on a name for your practice. 

  • Brand Values Assessment – this will help you identify your top 7 brand values. If you don’t determine your brand values, other people will do it for you. Your brand values will guide all business decisions so think carefully as you decide. 

3. CHOOSE YOUR NAME – Assure to do steps 1 & 2 before choosing your name. 

4. GET A DOMAIN NAME– Check Godaddy before you incorporate so you can assure your domain matches your company name.

5. INCORPORATE – Talk with your accountant or business attorney to find the best type of incorporation for you and your long term goal. Here are a few tax podcasts for resources.

6. GET YOUR EIN NUMBER – Once you incorporate you can go to IRS.gov to get your EIN number which is also known as your Tax ID. You’ll need to use that to get an NPI number aka National Provider Identification if you’re going to take insurance.

7. OPEN A BUSINESS BANK ACCOUNT – Open business banking accounts and get a business credit card.  

8. LIABILITY INSURANCE  – Assure you have both liability and general liability (unless you are completely online).  

9. PAPERWORK & ELECTRONIC HEALTH RECORDS–  We have you covered for Customizable, Attorney Approved Private Practice Paperwork.

  1. Paperwork Packages 
    • Use Coupon Code – Save40  for a $40 Discount on the Base Package
    • Use Coupon Code – Save80 for a $80 Discount on the Peak Package
  2. EHRs

10. MERCHANT SERVICES

  • Paypal, Ivy, Stripe, & through your bank
  • We use squareup. Here’s a link to sign up and receive $1000 in free processing 

11. LOCATION

12. WEBSITE – Assure you have a customized and response website. We suggest leaving it up to the experts. Here are a few of our favorites.  

13. Directory Profiles – It is important to have a badass therapy directory.  

  • Send us an email to request 6 months FREE.
  • Check out Laura Longs podcast with us on How to Create a Badass Therapy Directory

Resources & Giveaway Goodies:

Meet Your Co-Hosts!

The Private Practice Startup PodcastWhat’s up #StartupNation!?! We’re so excited you’re here. In case you’re new to our community, I’m Dr. Kate Campbell, LMFT (on the left) and my business partner aka “BP” Katie Lemieux, LMFT is on the right. We have a blast co-hosting the The Private Practice Startup podcast, where we inspire your private practice journey from startup to mastery. We both built our thriving, 6-figure full-fee private practices from the ground up and love working with ambitious mental health professionals across the globe who want to brand themselves and grow their dream private practice. Enter our Startup Nation Community now to get tons of awesome practice building ninja tips, trick, hacks, and resources!

Contact Info:

Sponsor:

How to Start a Private PracticePPS Paperwork – Knowing you need legal, ethical, and competent paperwork is overwhelming, time consuming, and expensive! We’re clinicians, not lawyers.

We put in 100+ hours of work, combed through the laws and ethics, and paid thousands of dollars in expensive attorney fees so you don’t have to.

Save time & money!
CLICK HERE and grab a FREE Copy of the Attorney Approved HIPAA form and check out our a la carte and paperwork package options.