This Business of Therapy

Tag: therapy fees

  • 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…

  • 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…

  • Counselling and Therapy: Vocation or Profession?

    During a recent conversation with a colleague, I was talking about the 2013 IACP survey of members which said that the average billable hour is charged at €44, and that one in three charges €30 or less per hour. A more recent Uncommon Practitioners survey suggested an average of €60 an hour for Irish respondents. In both…

  • Allowing In What We Want

    As we turn into the second quarter of the year, and the evenings are getting a bit longer, New Year’s seems a long time in the past, and with it, any resolutions I might have made that 2016 would be different from 2015. Do you hate New Year’s Resolutions, setting intentions, making goals or anything…

  • 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…

  • 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…

  • Struggling to Earn Enough in your Practice? Check Your Income Set Point

    If you struggle to earn enough in your counselling or therapy practice, there may be many reasons for that. Some of those reasons may be external ones, such as the financial climate, or the location you practice in. However, there may also be internal factors at play. The following exercise can help to identify one…

  • 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…

  • A Balanced Portfolio

    I’ve talked on several occasions about finding a niche or target market for your practice, and the advantages and disadvantages of having one. An argument that is often put forward against such a concept for therapy practices is that it pigeon holes you into dealing exclusively with one issue or client area. This does not…

  • Price War

    There used to be an old joke about a man selling eggs. One morning he put a sign outside his door saying “One dozen large eggs, €2.50.” An hour later, he looked out the door of his shop to see another shopkeeper on the other side of the road had put a sign out saying,…