TL;DR: Accounting

The Best Cancellation Policy for Therapy Practice

18

Jul

Private Practice, Small Business, Therapistsprivate practice, therapists

The Best Cancellation Policy for Therapy Practice

Picture thisYou're all set for a client session, notes prepped and tissues at the ready. Then, five minutes before the appointment, you get a text: "Sorry, can't make it today!" Sound familiar? If you're nodding your head, you're not alone. Now, don't get me wrong – helping clients is the heart and soul of what we do. But let's face it, we've also got bills to pay and a business to run. That's why you should look for the best cancellation policy the best cancellation policy for your therapy practice. Why a Cancellation Policy Matters When a client books a…

Starting Salary for Therapists by State (2024)

We get it! You want to run your own therapy clinic and be the master of your destiny. You want to be in charge of everything, from clinic operations to handling client issues. Although embarking on a private therapy practice can be wrought with challenges, the joy and sense of fulfillment should you see it succeed are priceless. Of the many considerations for establishing a private clinic, the starting salary for therapists remains hotly contested. Some professionals earn more than others, even though they are newbies. So, what gives? How much can you expect to earn as a privately practicing…

The Balance Sheet for Therapists

We’ve previously covered the Profit & Loss Statement for Therapists, so now it’s time to unpack another important statement: the Balance Sheet. Think of running a business like filling a bathtub (who doesn’t?): the Profit & Loss is focused on how much water is coming in through the tap and how much water is lost to evaporation. On the contrary, the Balance Sheet looks at the amount of water that is currently inside the tub at a particular point in time. That’s as far as we can take the metaphor though, otherwise we’ll start talking about owing bathwater to the…