This Business of Therapy

Category: Managing Your Practice

  • Core Skills for Running a Therapy Practice

    Ever wonder if you’re cut out for this business of running a therapy practice? If so, you’re not alone. Most of us received little or no training in how to set up or run a professional practice. If you’re lucky, skills and knowledge you gained before training will stand to you now. Here are some…

  • Time to Get those Figures in Order!

    It’s that time of year again, when those green forms from the Revenue appear in the letter box, and you promise yourself that this time next year it will be a different story. This time next year, you’ll have found a way of keeping track of your practice finances, so that you’re not facing a…

  • How Should I Structure My Therapy Practice?

    It’s probably not a question you’ve considered, but what structure do you see your business of therapy taking, sole trade, partnership or company? Most therapy practice are sole practices, ie one person practising on their own. A much smaller number operate as partnerships, and still fewer as limited liability companies. In legal terms, the main…

  • 5 Strategies for Having a Stress Free Practice

    “Work would be great if it weren’t for the clients” was something I heard regularly in my former occupation as an accountant. It was said tongue in cheek, but really spoke to a truth about the ambivalence that many feel about their work, and not just in accountancy. We’d like it to be easy and…

  • Starting a Therapy Practice – a Ten Point Plan

    Ray Pembroke is a Chartered Accountant and Partner in Pembroke & Pembroke Chartered Accountants, 15 Ormonde Road, KilkennyTel: 056 7762027 email: [email protected] Firm specialises in dealing with the affairs of Medical Doctors and related Para-Medical Practitioners.Ray says: “The initial meeting with us is always free, and, we would be pleased to advise how we might…

  • 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…

  • Managing Your Therapy Practice

    Here we are looking at the fifth section of the Therapy Practice Business Assessment as the basis for making some changes to your therapy or counselling practice in 2016. You can read the blog posts in which I made suggestions in the previous areas by clicking on these links: Knowing Your Practice Growing Your Practice…

  • Getting to Know Your Practice

      This is the start of a new year. What better time to look at what you’d like to achieve in your practice for in the future, and what better way to focus yourself than to choose one area of your practice and take some action on that. Today, we’ll look at Knowing Your Therapy…

  • IACP Survey of Members

    The IACP recently published results of a survey of members and it makes interesting reading. You can download the report from the IACP website, here. For me, the questions relating to the business side of running a therapy or counselling practice are particularly interesting. The survey reports that the recession seems to have had a…

  • How to Work Out Therapy Fee Rates?

    In another post, (see here) I outlined the factors that you need to consider in arriving at a fee rate, and also what a budget looks like (see here). Here’s an example of how to work the figures. Start with what you want to earn. Let’s say for this example, you want to earn €500…