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Investing in Your Therapy Practice
It can take 3 years or more to get any new practice off the ground, and even then, some struggle for ever to earn sufficient income to support themselves. Often the response to that is to “tighten the belt” or trim expenses to the minimum in order to make ends meet. However, there is another…
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How Do I Break Even in my Therapy Practice
How Many Clients Do I Need Or How Much Do I Need To Charge In Order To Breakeven Your total income from your practice is affected by 2 main factors: the price you charge, and the number of hours you work for which you get paid. A change in one factor leads to a higher…
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Not Earning Enough? Five Ways to Improve Your Bottom Line
If you find that you don’t earn enough from your practice, if what you have left after paying expenses at the end of the day, week or month is insufficient, then you need to look at what you can do to improve the situation. There are a number of options available, and depending on your…
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7 Tips to Manage Your Cash Flow
Cash flow is the term used for the ins and outs of money in your practice. It’s important to manage it so that you don’t end up at the end of the month with no money to pay the rent, or put petrol in the car. Income in a therapy or counselling practice can be…
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Are Negative Thoughts Holding Your Practice Back?
Do you have negative thought patterns that are getting in the way of you having the practice you’d like to have? No? Maybe? Ask yourself if any of the following are familiar? There are very few clients out there No one has any money People are making other choices, such as Reiki, or Homeopathy, or…
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Value for Money
Value for money is so subjective, isn’t it? And it’s also a very personal thing. What is a necessary expense for one of us, is a frivolous luxury for another, and vice versa. Writing about our values and beliefs about money recently left me thinking about the value we place on experiences and on things, and…
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Fee Levels and The Price of Eggs
It started out as a simple question about fee levels, what could he charge, what was reasonable, what were others charging…and I said he could charge as much or as little as he wanted to, it was a simple question of finding a willing buyer at the price point he wanted to set. My answer…
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Fee Negotiations: What’s Your Style?
How do you manage the question of fee negotiations? You have a price and you stick to it, regardless? You have a range of prices, and you offer what you think the client can pay? You have a range of prices, and you let the client decide what they can afford? You have an upper…
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Standing Up For Ourselves
Two years on from the publication of the IACP’s 2013 report following their members’ survey, and I’m still intrigued by the findings. For me the most striking comment is: The major issue in the profession is the depressive effect of the recession, in terms of impact on clients and their perceived inability to fund treatment.…
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The Importance of Intention
“Nature abhors a vacuum” I was taught in one of my first science classes. Whether you’re talking about air rushing in to fill the empty space, or how other people’s goals and intentions can fill up the space in our lives, it’s true. Nothing gets done without there first being an intention. My big indulgence…