This Business of Therapy

Tag: business finance

  • 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…

  • The Challenges of Working In A Rural Practice

    One of the questions that comes up for counsellors and therapists is where to base their practice, and one of the options is to live and work in the countryside rather than the town or city. Being one of few or perhaps the only practitioner in a rural area has its advantages, mainly that there…

  • More About Accounts – Making Sense of the Figures

    Comparison With Previous Period One feature of your typical set of financial statements is that they give comparative figures for the previous accounting period (usually a year, but in larger organisations accounts will be prepared more regularly so the comparative may be the previous month, or quarter.) The benefit of comparative figures is that the…

  • Getting Inquiries but not Clients?

    A therapist told me recently about her challenge of converting inquiries from potential clients into actual clients. “Lots of people ring me and ask about my fees and my availability, but no one wants to make an appointment. What am I doing wrong?” You’ve probably experienced it yourself, someone rings and asks for information, but when…

  • The Value of Bean Counting (Or Now’s a Good Time to do a Budget)

    Do you have a sat nav machine in your car? I love mine. Kate (the name of the voice that guides me to where I want to go) is patient, polite, and always helpful. She is completely unflappable, even when I ignore her instructions. She just gives me new ones in her calm, measured way.…

  • Seven Ways to Get Past Procrastination

    Some people don’t believe there’s any such thing as procrastination. Some believe it has a life of its own waiting to ambush everything you ever wanted to do. Whatever your beliefs, there are days when you know there are things that could help you to build your practice, or help it to run more smoothly,…

  • Three Essential Skills that Practising Therapists Need

    It is estimated that at least one in three practitioners setting up private practice have changed their mind within three years. Shocking isn’t it? What separates those who succeed from those who don’t? You might be surprised to learn that it’s not their skill or ability as a therapist, but their business mind set. You…

  • Taking Risks

    “The person who risks nothing, does nothing, has nothing” (from The Best Exotic Marigold Hotel, 2011) I used to love roller coasters. I looked forward each year to Funderland in the RDS, seeing all those wonderful machines whirring and moving, and anticipating the rush of adrenaline as the cars raced and jolted their way around…

  • More About Accounts – Balance Sheet

    What’s a Balance Sheet? A Balance Sheet is a statement of the assets and liabilities of a business or entity at a point in time, expressed in money. Assets are things owned by the business. Liabilities are things owed by the business. Although the contents and layout may vary according to the size and nature…

  • All in Their Own Time

    My name is Jude and I’m impatient. At times, I’m very impatient. It has its good side, I tend to be efficient and eager to move forward, but it also has its downsides. One of the hardest lessons I’ve had to learn in my life is that things happen in their own time, and often…