Aug 3, 2020
What opportunities have you found during COVID-19? Rachel Barbanel-Fried joins the show and reveals the opportunities she is taking advantage of during this time. If you haven’t thought about it yet, consider how your priorities are changing for the next year. Plus, Rachel explains why therapists need to be comfortable talking about money. Stay tuned as we speak about the importance of finding your niche and considering lifestyle when styling your perfect practice.
When you have a private practice, you are a small business owner, and you are creating something of your vision. Rachel assists other clinicians to build their practices, and she helps them figure out a work-life balance. Most clinicians do not want to run a business. So, they need to work on getting comfortable with money and talking about money. We need to be comfortable talking about uncomfortable things. For many of us, it’s awkward to tell clients what our fees are. Rachel got stiffed from a client because she was uncomfortable talking about money. Now, Rachel is really good at talking about money. For instance, she collects fees at the time of service.
Know what you do well in, and know when you need to refer out. If you’re not the right person for your client, your job should be to assist them in getting the help they need. That’s why it’s essential to define your niche. When you work with clients who are a good fit for you, it makes for better clinical work. You never want to look at your schedule and not be excited to see your clients. At the very least, you want to feel like you’re enjoying what you’re doing. That doesn’t mean you need to be psyched every day, but you need to feel good at what you’re doing.
There is a number that is associated with your lifestyle. What do you need to bring home for you and your family every year? Then, work backward from that. So, how much do you need to make on a daily basis? It’s a great approach to private practice. If you don’t know where you are going, then how are you going to get there? Take stock of what works for you and what doesn’t work for you.
Rachel walks while on the phone with her clients during therapy. It enables her clients to get out and get back into the world during COVID. It has been so useful for Rachel; she actually doesn’t want to give it up. What opportunities can you think of during COVID? Hopefully, you have had time to think of your priorities during our current situation. What do you want your life to look like for the next year?
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Gordon is the person behind The Practice of Therapy Podcast & Blog. He is also President and Founder of Kingsport Counseling Associates, PLLC. He is a therapist, consultant, business mentor, trainer, and writer. PLEASE Subscribe to The Practice of Therapy Podcast on iTunes, Stitcher and Google Play. Follow us on Twitter @therapistlearn and Pinterest “Like” us on Facebook