{"id":113,"date":"2017-06-23T06:35:03","date_gmt":"2017-06-23T06:35:03","guid":{"rendered":"https:\/\/cp2.therasoftclients.com\/TSBLOGTT\/?p=113"},"modified":"2021-11-25T06:52:09","modified_gmt":"2021-11-25T06:52:09","slug":"what-do-you-wish-youd-known-before-starting-your-private-practice","status":"publish","type":"post","link":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/what-do-you-wish-youd-known-before-starting-your-private-practice\/","title":{"rendered":"What Do You Wish You\u2019d Known Before Starting Your Private Practice?"},"content":{"rendered":"<h2><strong>What Do You Wish You\u2019d Known Before Starting Your Private Practice?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Many therapists have set up a private practice before. Not all survived. Starting a private practice takes a varied skill set that not everyone possesses. That doesn\u2019t mean you can\u2019t learn it.<\/span><span style=\"background-color: transparent;\">&nbsp;<\/span><\/p>\n<p><!--more--><\/p>\n<p><span style=\"font-weight: 400;\">Having established practitioners in <a href=\"\/avoid-these-fundamental-business-networking-mistakes\" target=\"_blank\" rel=\"noopener\">your network is of great value<\/a>, as you can leverage their knowledge and learning. But if you don\u2019t know any, and you are burning to know what they say they would\u2019ve wanted to know before starting out, you should read on:<\/span><span style=\"background-color: transparent;\">&nbsp;<\/span><\/p>\n<h2><strong><i>You Will Be a Therapist and an Entrepreneur<\/i><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Starting a private practice means running a business. That means a lot of long hours, sweat and tears. Read up on resources on how to run a business, <a href=\"\/marketing-toolkit-for-successful-private-practices-a-marketing-funnel\" target=\"_blank\" rel=\"noopener\">find useful tools and technologies<\/a> to make the process easier, and manage your expectations in terms of monetary return in the first couple of years.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\"><img decoding=\"async\" src=\"http:\/\/s3.amazonaws.com\/cdn1.hubspot.com\/StockImages\/Expressions\/7K0A0259.jpg\" alt=\"What Do You wish you\u2019d Known Before Starting Your Private Practice?\" width=\"320\" style=\"width: 320px;\" title=\"What Do You wish you\u2019d Known Before Starting Your Private Practice?\" caption=\"false\" data-constrained=\"true\"><\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 12px;\"><em><span style=\"font-weight: 400;\">What Do You Wish You\u2019d Known Before Starting Your Private Practice?<\/span><\/em><\/span><\/p>\n<h2><strong style=\"background-color: transparent;\"><i>Understand Self-Employment Taxes<\/i><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If you are used to taxes automatically being deducted from your salary, you want to pay extra attention to self-employment taxes. You will now have to file them by yourself, or pay an accountant to do it for you. Start saving up early, so you aren\u2019t surprised by the expense when it comes to it.<\/span><span style=\"background-color: transparent;\">&nbsp;<\/span><\/p>\n<h2><strong><i>Read up on Insurance Processes<\/i><\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Many of your clients will have insurance, and in order to make it a lucrative business you need to know how insurance works. Understand <a href=\"https:\/\/blog.therasoft.com\/insurance-terminology-explained-for-therapists-in-private-practice\" target=\"_blank\" rel=\"noopener\">insurance procedures<\/a> before opening the doors of your private practice, so you can take appropriate steps to negotiate better rates, qualify for insurance panels, and effectively work the reimbursement structures.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">{{cta(&#8216;ab69bf49-4103-4e19-8244-357161f848f9&#8217;)}}<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Do You Wish You\u2019d Known Before Starting Your Private Practice? Many therapists have set up a private practice before. Not all survived. Starting a private practice takes a varied skill set that not everyone possesses. That doesn\u2019t mean you can\u2019t learn it.&nbsp;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[28,29],"_links":{"self":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/113"}],"collection":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/comments?post=113"}],"version-history":[{"count":1,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/113\/revisions"}],"predecessor-version":[{"id":438,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/posts\/113\/revisions\/438"}],"wp:attachment":[{"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/media?parent=113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/categories?post=113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uscp10.therasoft.com\/TSBLOGTT\/wp-json\/wp\/v2\/tags?post=113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}