Introduction to psychology private practices
Regardless of what profession you work in, it is common knowledge that starting a business is hard. The hundreds of different tasks that you have to complete before you even get the business up and running often deters people from giving it a go. However, whilst we won’t underplay the challenges that small business owners face, it is worth acknowledging that success is undoubtedly achievable.
As a psychologist, you might find it difficult working as an employee. Perhaps you operate better when you have more freedom in your work methods, or maybe you just have a knack for the business side of things. The appeal of starting your own psychology private practice is understandable, and we’re here to help you achieve your goal.
The healthcare industry is extremely competitive, and building your own practice from scratch is going to take time, effort, and a fair amount of money. However, with a little bit of determination and planning, there is no reason as to why your practice wouldn’t be a success. In this guide, we’ll break down the various components that go into beginning a psychology practice so that by the end you are equipped with all the tools required to become a successful business owner!
Why should you start your own practice?
You may have noticed in your time working in the healthcare industry that many small practices are being merged or sold into larger corporations. The challenges that these business owners face shouldn’t be minimized, and often the fluctuating income and administrative hassle becomes too much. Why then, should you even consider beginning a private practice? There are many answers to this question, each as valid as the other:
- You can create a healthcare culture that prioritizes your values.
- You meet a wider range of colleagues and business partners throughout your career.
- You can facilitate deeper and more meaningful relationships with patients.
- You will overcome challenges that allow you to reach your greatest professional potential.
- You have much more freedom over how you choose to work as a psychologist.
- You can make more money than if you are working for somebody else.
- You can challenge the status quo and run things your way.
Whether you are fuelled by one or all of these reasons, starting your own psychology practice will open up many advantages for your professional life. Let’s have a look at some of the things you need to do before you begin this journey.
What do you need before starting a psychology private practice?
Although it would be nice if you could click your fingers and your business was up and running, this isn't the way things work. Before you start the actual process of opening a private practice, there are a few initial requirements.
Credentials: An obvious requirement, yet one we still need to talk about, is credentials. Before you open your own private practice, you need to be a registered practicing psychologist who is legally able to deliver healthcare services. Depending on where you live, this means you should have at least a Master’s degree in psychology, in addition to internships, experience, and finally, a qualified license. Without the right credentials, starting a psychology practice is impossible.
Money: We are going to dive deeper into the specific costs associated with operating a psychology practice, but for now it is simply important to know that you’ll need access to money. Depending on the type of practice you are opening, you may be able to receive funding or a loan from a bank. If this is the route you go through, it is essential that your business plan is fool-proof and outlines clear revenue goals.
Legal requirements: There are different legal considerations that you need to take into account before you open a private practice, especially concerning your business structure. The most popular business structure at the moment is known as a limited liability corporation (LLC). LLC structures allow business owners to not pay corporate taxes, as the business assets and liabilities are separated from the individual psychologist. However, some states don’t allow private practice psychologists to use an LLC, so you will need to conduct research into other suitable options.
If you have credentials, money and understand how the legal requirements impact the state that you live in, you can begin the next steps of starting your own private practice. It is important to understand, however, that these are extremely basic considerations that in reality require much more analysis. We’re going to dive deeper into the financial and legal requirements of operating a psychology private practice in a little while, to ensure we have covered all bases.
Step-by-step guide to starting a psychology practice
We want to preface this section by saying that everyone is going to have their own preference for how they organize things, and this guide is by no means the only way a business can be opened. Rather, it aims to illustrate the different processes that a psychologist should complete for their practice to be successful.
Gain experience
Gaining relevant experience is one of the most commonly overlooked aspects of beginning a psychology practice. You must be equipped with the knowledge required to operate a successful business, and this means learning first-hand. Practices that are started by psychologists who have just entered the career tend to be the least successful, so don’t be afraid to spend some time working under someone else. Take note of the different factors that are making a business successful, and areas that you believe need improvement. It is also a good idea to have at least some experience managing the business side of things, so spend some time looking at how administrative processes work in a healthcare practice. An additional advantage of gaining experience before opening your own business is the connections you make. Networking is an especially important aspect of beginning a private practice, as there will most likely come a time when you need support, or want to hire staff.
Learn the trends in the market
The healthcare industry is highly competitive, and to be successful, it is important to have fluid services. The trends in the market are fluid and change rapidly, so you should learn how to read and respond to them to your advantage. Although you will have your own specific set of professional skills, learning how to be adaptable will be highly beneficial. Constant social, geographical, economic, and political changes contribute to patients demanding different types of mental healthcare, and if you are prepared for these trends your client demographic will widen.
Find a gap
Whilst fluidity is undoubtedly important, you should also be looking for a gap in the market so you can quickly and easily find business. Finding a niche that will attract patients requires a good understanding of the area that you live in, and your target demographic. For example, if you specialize in treating family and children, it may be more beneficial to open your practice in a suburban area, rather than a metropolitan one. Realistically, when you first open your business you should offer a wide range of services and take on as many clients as possible, but having this specialized gap as a goal to work towards is a good idea.
Plan plan plan!
Perhaps the most important step, and the one that impacts any pursuit of any kind is planning. After you have gained experience, learned the trends in the market, and decided on your practice’s niche, it is time to formulate your business plan. The plan that you write will be the foundation upon which the entirety of your practice is built. It should thoroughly outline the specific steps you need to take to get your business up and running, including an outline of when you can expect to break even. Having a realistic understanding of your financial goals will help you to have a loan approved (if necessary) and more importantly, encourage you to push through when the going gets tough.
The specific layout of your business plan will depend on how much you will rely on it and the amount of detail you include, however, to illustrate the type of information you should be focusing on, we have included a general template.
Business Plan Template for a Psychology Practice
Executive Summary: The executive summary is basically like a brief overview of the entire business plan. It aims to illustrate the main points of the plan so that others can easily skim read and extract the important information. You should also note that the executive summary should be no longer than two pages; keep it brief and use concise language.
Company Overview: This section is related to the specific details of your business, including its name, structure, and location. When deciding on a physical location for your practice, you need to consider the type of facilities that you require and whether or not you are accessible to your target demographic. It is also a good idea to outline the specific services that you are planning on offering and the general philosophy of the business.
Industry Analysis: You must include a discussion on the healthcare industry and the specific trends that will impact your work. For example, you may want to mention the growing demand for specific psychologists and how your practice can accommodate this demand.
Customer Analysis: The customer analysis should outline the demographic information of potential clients e.g. the people who live in your area. If you offer narrow services (for example, you work exclusively as a child’s psychologist), then this information should be included in the customer analysis.
Marketing Plan: To have a customer base, every business needs a marketing plan. This section should outline what your specific marketing strategies are going to be (referrals, website, email campaigns) and why these will successfully bring in patients.
Operations Plan: The operations plan should outline what a typical day would look like for a healthcare company, including the type of appointments or sessions that will take place and whether these will be conducted in the clinic or virtually. The operations plan should also include the specific short and long-term goals of the practice and how these will be achieved.
Financial Plan: The financial section is perhaps the most detailed, and requires a lot of realistic number crunching. If you are looking to receive a loan, you need to state how much you want and specifically what these funds will be spent on. Additionally, you should include a detailed table that realistically displays the revenue your practice will receive and when you can begin to break even. Creating a thorough financial plan will hopefully allow you to receive a loan, and serves as a guide for when you can expect to start making a profit. There are a lot of start-up costs associated with beginning your own practice, and you need to be aware of how these will impact your business processes before you go all in.
Market yourself
After the above steps have been completed and you are almost ready to open shop, you need to spend some time developing a marketing strategy. The only way that any business can be successful is by having clients, and a psychology practice is no different. There are many ways that you can market your services to potential patients, including email campaigns, referrals, and publications in local newspapers and magazines. The very first thing we recommend you do, however, is to build a website. Having an intuitive website that is linked to your location will allow patients in the area to easily find you. Websites also usually have the option for patients to leave reviews, which will result in your business attracting a wider clientele.
How much will starting a psychology practice cost?
One of the biggest barriers preventing psychologists from starting their own practice is the fear of costs. And whilst it would be false to say that there aren’t any start-up fees involved, with the right budgeting techniques you should be able to keep these to a minimum. Additionally, if you don’t want to spend all of your life savings on opening a practice, you can always look into getting a loan, but it is worth noting that this can be a difficult process and interest rates are often very high.
The specific start-up costs of your new psychology practice will depend on a variety of factors, including the size of your facilities, the services you want to offer, and how many staff members you will employ. We’ve done our best to come up with a general guide of the costs you should expect, so you can have a realistic budget in mind (everything has been calculated in USD).
- LLC paperwork: Upfront, single fee of $1000.
- Website designing: $100-300 if you design it yourself, $2000-7000 if you hire a designer.
- Practice management software: Optional but highly recommended, $20-60/month
- Rent for office space: $200-$1500/month.
- Decorating expenses for the office: $1000-$3000 depending on how big the office is, and what type of furniture you require.
- Legal and accounting fees: $500/month for a startup, but this is expected to increase significantly as the business grows.
- Administrative staff: $25-30/hour per staff member.
- Self-employment taxes: As the owner of a business, you will be required to pay self-employment taxes. Just as with any other tax, the amount you pay will depend on your salary, but it is typically around 20% of your quarterly net income.
- Insurance: We’ll discuss what type of insurance you need to have in a little while, but every psychology practice needs to have good insurance. Although this can be expensive, having comprehensive insurance will ensure that you and your employees are protected.
As you can see, there are a lot of different expenses involved in starting a psychology practice. Many of these fees vary quite significantly, depending on the type of practice you are wanting to operate. Although it is often instinctive to save as much money as possible, it is worth spending more on certain things. For example, decorating a healthcare clinic may feel like a waste of hard-earned cash, but remember that patient impressions count and they are often influenced by the interior of office space.
Furthermore, many of these costs will start small when you first open your practice and will increase as your business grows. You might find that only one part-time administrative staff member is necessary at the beginning, especially if you only treat a few patients, but be prepared to hire more employees when your clientele grows.
It is extremely difficult to accurately budget for every single expense required to open a healthcare practice, but this is a task you need to spend a fair amount of time on. If you are unsure, you can ask other psychologists who have opened private practices, and always try to be as realistic as possible. If your budget is too small, there is a much greater chance that you will run out of money before your business has even opened.
Where can I get funding?
Understandably, the costs associated with starting your own psychology private practice are incredibly daunting. Even for individuals who have massive savings, injecting all of this into a new business is a scary venture. Luckily, some various institutions and companies may be able to fund your business. Getting approval for a loan can be tricky, but as long as your business plan is detailed and viable, there is no reason why it shouldn’t work. The specific places that can loan you money will depend on the location of your business, but we have composed a list of some of your options:
- Commercial bank loans
- Leasing companies
- Thrift institutions
- Commercial finance companies
- Life insurance companies
- Professional partnership loans
- Small Business Administration loan
- Crowdfunding
If you do decide to use an external source to fund aspects of your business, you need to have a firm understanding of how the loan works; including interest rates and payment deadlines. Whilst making use of funding can be an optimal solution, it can also lead to significant amounts of debt and financial strain.
Insurance, legal and compliance requirements
Legal
We mentioned earlier that one of the first steps to opening a psychology practice is establishing yourself as a business structure. There are different options for this, depending on the requirements of where you live and personal preference:
Limited liability corporation (LLC): Business owners don’t have to pay corporate taxes and the assets and liabilities of the LLC are separate from the psychology practice.
Professional limited liability corporation (PLLC): Some states don’t allow private psychology practices to form an LLC, so you might look at PLLC. These two structures are very similar, but PLLC is designed specifically for licensed professionals, like psychologists.
S corp: An S corp is a specific tax classification that similarly separates the practice’s assets and liabilities from the business owner.
In addition to forming a business structure, there are various other legal requirements that you need to consider before opening your practice. Every business owner needs to keep their personal finances separate from their professional ones, and this is no different for healthcare practices. If you are operating a fairly small psychology practice, then accounting software is a good idea to help keep track of incoming revenue and outgoing expenses. Once your business grows, or the finances become more complicated, it may be a good idea to hire an external accountant.
There are also specific local, state, and federal laws that dictate what healthcare businesses can and can’t do and you must be familiar with these before you start your practice. Zoning laws dictate where healthcare practices can have their offices, and what type of advertising they are allowed to display, so you should conduct some research before you begin looking for a clinic space.
Additionally, it is a legal requirement that every healthcare business complies with the Americans with Disabilities Act (ADA). This law dictates the removal of any barriers preventing individuals with disabilities from accessing adequate healthcare, so it is necessary to consider this before you choose your office space or make any firm decisions.
Insurance
Choosing an insurance policy is a critical component to starting a psychology practice. There are different policies that you can choose from, depending on your personal preferences, but these should all cover both the business and the individual psychologists. Some suitable options include professional protection, business protection, and personal income protection.
In addition to insurance that protects you, you need to look into the insurance policies of your patients. The only way that you’ll receive reimbursement for services is via these insurance companies, so it is a good idea to contact popular insurers and establish a billing protocol with them. One of the most common ways that healthcare businesses supply insurance to their patients is by joining an insurance provider panel. This panel connects your business to a network, allowing you to receive reimbursement directly from certain insurance companies. Joining insurance provider panels means that your business can accept reimbursement from a much wider range of insurance providers, which in turn will grow your clientele and ensure patients have access to quality healthcare.
The final thing you need to bear in mind when evaluating insurance options is the time it takes to apply and be selected for different panels. You must stay on top of your applications so that your psychologists and patients are protected as soon as your business opens.
Compliance
If you are already working as a psychologist, then you will know how important compliance is. Throughout every step of the process of opening a psychology practice, you should be aware of how compliance regulations impact your decisions. Even unintentional noncompliance issues can result in hefty fines, losing your license, and a significantly impaired reputation.
If the business you are opening is going to be in the same location as where you have previously worked, then you will already have a good idea of the relevant compliance regulations. However, if you are moving somewhere else, you must look into what compliance rules apply.
HIPAA
The Health Insurance Portability and Accountability Act is a set of federal regulations that every healthcare practice is required to comply with. HIPAA’s primary objective is to protect patient confidentiality and privacy, which is a significant concern when it comes to the field of psychology. When you are planning your new practice, you need to ensure that you have suitable protocols in place to protect patient data. This also means that any vendor you choose (for insurance, billing, or practice management purposes) must have sufficient security policies. It is a HIPAA requirement that any vendor or external company that handles PHI (protected health information) is required to sign a business associate agreement (BAA) with the covered entity.
Failure to comply with HIPAA regulations will result in significant penalties for your practice, with fines ranging between $100 to $250,000, and in the worst cases, a risk of jail time. Whilst we understand that this is daunting, staying on top of compliance isn’t overly difficult as long as you put in the effort to ensure all employees are aware of the relevant regulations. Healthcare compliance is a complex topic that changes depending on where your business is located, so we have provided various links if you are interested in further consolidating your understanding:
- Guide to Privacy and Security of Electronic Health Information: This is a basic overview of HIPAA guidelines, with valuable risk assessment resources included
- State Attorneys General: This provides an in-depth overview of what HIPAA and HITECH entail.
- CMS HIPAA Basics for Providers: Details the role providers play in adhering to HIPAA compliance, with additional information on security breaches and non-compliance.
Starting an online psychology practice
Another important decision you need to make before starting your psychology practice is whether you want to offer services online. There are many different ways that you can do this, and you can choose to either be entirely online or offer a mix of online and in-person services. In recent years, telehealth (the delivery of healthcare via remote platforms) has surged in popularity, and an increasing number of practices have begun utilizing virtual healthcare features.
The benefits of offering remote psychology services
Since the effects of COVID-19 and social distancing restrictions, an increased number of psychology practices implemented telehealth services. This meant that patients who required help could receive it from the comfort of their own home, which was particularly important given the stress and anxiety that grew out of a global pandemic. In saying that, it is important to recognize that the advantages of telehealth can be extrapolated beyond the scope of the pandemic. Some of these benefits include:
- Psychological care can be given to patients who live rurally, or have limited mobility/access.
- Your practice can grow its clientele by targeting a much wider demographic of patients.
- Both patients and psychologists can eliminate time and costs associated with travel, childcare, and taking time off work.
- Access to immediate services, can be especially important if you have an urgent situation with a patient.
- Improve the efficiency of the practice.
- Reduce overhead and administrative costs, as your practice may require a smaller office space and fewer employees.
As you can see, introducing telehealth services can have significant benefits for both patients and psychologists. Finding innovative ways to deliver healthcare to everyone and removing certain barriers has always been a top priority for the healthcare industry, and telehealth is one of the best solutions for this.
However, although there are various advantages associated with telehealth, there are also some challenges and you must be aware of these. Most significantly, the reliance on technology to deliver services is a new and unfamiliar experience for many psychologists. Whilst we understand that it can be difficult learning how to navigate new methods, the benefits of offering virtual appointments far outweigh this challenge! Additionally, new and advanced technological systems have been developed with all types of users in mind, so that even people with limited technology skills can fast become experts.
If you do decide to implement telehealth features into your psychology practice (and we recommend considering this), there are a few key strategies that will help. Firstly, we cannot emphasize enough the benefits of having an effective practice management system. We’ll go into detail about what this entails and how it will benefit your practice in a little while, but for now, it is simply important to know that these systems help to boost the efficiency and productivity of your work.
Secondly, virtual businesses should utilize virtual marketing! Even if your practice isn’t going to be entirely online, it is still a fantastic idea to work on your online presence. Social media platforms, email campaigns, and general advertisements are effective marketing tools that allow you to reach your target demographic of patients.
Lastly, while the term “work from home” is often associated with a more relaxed situation, you shouldn’t underestimate the importance of establishing a professional environment. When your patients come to you, they want to feel as though they are in capable hands, and so to this extent, the way you present yourself is highly important. If you do deliver your services from your home, ensure you are wearing the same clothes you would be if you were at the practice. It is also important to invest in high-quality computers, cameras, microphones, and internet connection, so you can avoid any risk of faulty technology.
Whether or not you choose to engage with telehealth services is a decision entirely up to you. There are evident benefits and challenges associated with this, and you may find that an in-person environment works better for your practice. Regardless of what you end up deciding, having an awareness of all of your options is never a bad thing, and no decision has to be final!
Common challenges facing psychology start-ups
Understanding the trends in the healthcare industry: We mentioned previously that having a full understanding of the healthcare industry is a necessary prerequisite to starting a psychology practice. As with any other business, to be successful, a psychology practice needs to target a gap in the market. This requires an in-depth understanding of current trends impacting the industry. To develop this knowledge, we recommend talking with experts and other psychology practice owners. Once you have consolidated your understanding of the current market, you will be able to create a realistic business plan, with specific references to target demographics, proposed services offered, and financial goals.
Complying with regulations: One of the trickiest and most time-consuming aspects of setting up your own psychology practice is related to the regulations that need to be complied with. We spoke in-depth about what some of these entail, including forming a business structure, finding a suitable insurance policy, and educating yourself on the various HIPAA protocols. Whilst these are necessary, and contribute towards ensuring the healthcare system is of the highest quality possible, acquiring all the necessary documentation can be tiresome. Make sure you pencil in specific time periods devoted to completing these regulations and start it as early as possible: some of the necessary documentation can take months before it is properly processed!
Building your clientele: Even after you have opened the doors to your new business, and are offering your services to clients, unfortunately, the hard work doesn’t stop. For you to be truly successful, you need to be branching out as much as possible and growing your clientele (and in turn, your practice). Many businesses find this a difficult task to achieve, especially because most patients prefer to keep seeing the same psychologist and would be reluctant to switch practices. Nevertheless, with the right strategies, it is possible to grow your business. Firstly, you should designate a certain amount of your business budget to marketing. Successful marketing and advertising strategies will attract a wider range of clients to your practice. Secondly, as we have previously mentioned, you must have a sound understanding of the current market trends and have focused on filling a gap in these trends. For example, you might choose to specialize in family psychology, and establish your business in a suburban area to target this specific demographic.
Burn-out: Unfortunately, burn-out is a real risk for healthcare professionals, especially those who choose to run their own business. While the risk of burn-out can never be truly eliminated, there are different mitigating strategies. You should always find a balance between your work life and your home life, and don’t forget to prioritize activities that can provide you with some stress-free time. Starting a business is hard work, but it is achievable. Employ the help of a trusting and reliable team, and watch as your dreams come to fruition!
Tips to help you get on your way
Every psychology practice will have its own preferred method of organizing and running a business, and there are no rules that are universally applied. In saying that, we believe there are a few tips you should have up your sleeve to help you overcome any potential challenges or barriers that come your way.
Hire: Firstly, don’t be afraid to employ staff members if there are tasks you are struggling to complete on your own. The workload that accompanies operating a psychology practice is immense, and you will likely find it difficult (particularly at the start) to adequately balance the psychology side of things and the business side of things. Spending your money wisely is critical, but having administrative staff members or business partners can be a beneficial solution to successfully managing workloads.
Expect both ups and downs: It is extremely unlikely for any business to get up and running without any bumps in the road. If you believe that operating your own psychology practice is the best option for you, bear in mind that you will experience both ups and downs. No matter how thorough your planning is, there are certain aspects of beginning your own business that is impossible to accurately predict. Whilst this can be daunting, it is good to remember that overcoming challenges will strengthen your own skills and help you to become a successful and experienced business owner!
Network with colleagues: Establishing relationships with colleagues is an excellent way to grow your psychology practice. Businesses just starting out sometimes find it difficult to reach a wider clientele, a struggle that can be amended by networking within the field. Making connections with other psychology or general healthcare practitioners can lead to referrals and new patients. Additionally, having these networks can allow you to learn from other businesses; take note of what successful psychology practices have done right, and learn from their mistakes.
Be realistic: Although positivity can go a long way, it is essential to remain realistic about the process of beginning your own business. Don’t expect your profit to flourish at the start; most of the time it is a slow process that relies on the growth of clientele. Being realistic will help to mitigate disappointment and build an accurate timeline of when you can expect to achieve certain accomplishments and milestones.
Utilizing these helpful strategies will enable you to put your best foot forward when it comes to beginning your own psychology practice. We know that we have spoken a lot about how difficult starting a private practice in the healthcare industry is, but if you are equipped with the right knowledge, it is undoubtedly an achievable task. Whilst awareness of the different challenges you will likely face will help you to adequately prepare for them, it is equally important to acknowledge that for every obstacle, there is a solution.
Practice management software
Whilst practice management software is technically a device utilized by healthcare businesses to streamline various tasks and processes, we believe it is highly relevant to psychology start-ups. We mentioned previously that one of the biggest challenges that people face when they begin their own healthcare business is learning how to balance the business side of things with the clinical side of things, and this is where practice management software can help.
What is it?
Practice management software refers to systems that are integrated into healthcare businesses that streamline administrative processes, saving money, resources and time. Whilst these systems will contain different features depending on the specific software that you use, some key processes include:
- Appointment scheduling systems
- Appointment reminders
- Invoice reminders and online payments
- Patient portals
- Clinical documentation storage
- Clinical note features, including templates and voice-to-text software
- Medical billing and coding features
There are different ways that you can implement practice management software into your business, depending on your preferences and the services that you offer. Server-based software requires the installation of the system into the hardware at your practice, where it stores all of your patient and practice data.
Alternatively (and we would recommend this option), cloud-based practice management software utilizes cloud technology, meaning that the system can be accessed from any device, provided you are an authorized user. Cloud-based practice management systems are updated in real-time, so any changes that are made to clinical documents or notes are immediately altered. The other advantage of cloud-based practice management systems is their reduced cost. Typically, your business will pay a vendor a monthly subscription to use their system, and you don’t need to install any new hardware or software. Practice management systems have been shown to greatly optimize organization and productivity, helping you to stay on track from the get-go.
Benefits of using practice management software for psychology practices
At the end of the day, introducing any new system into your business is going to cost you money, and you may be wondering whether practice management software is truly worth it for a start-up business. Whilst we do understand financial concerns, we cannot emphasize enough just how beneficial practice management systems are for healthcare businesses.
The right system will enable you to effectively handle business processes, which is especially important if you have had little experience with operating your own practice. If you already work in the healthcare industry, you will know just how complicated medical billing and coding is; practice management software allows you to streamline these processes and improve your reimbursement rate. Additionally, although there will be fees associated with using PMS, you will likely save money in the long run. The systems’ ability to organize appointment scheduling and payments means you have little need for administrative staff and certain overhead costs. Lastly, practice management systems enable healthcare businesses to introduce telehealth features effectively, if this is something that you are interested in.
Final thoughts
Starting your own psychology practice is an exciting (but daunting) venture! It can be difficult to know where you want your career to go, particularly given how fluid the healthcare industry is, but working for yourself and being your own boss is a particularly inviting idea. We have droned on quite a bit about the various challenges you are likely to face should you choose to open your own practice, but hopefully, these haven’t scared you away. At the end of the day, the advantages that can arise out of operating your own business will undoubtedly outweigh the various obstacles we have mentioned. Additionally, provided you have sufficiently planned your business, and are as prepared as possible, there is no reason why you wouldn’t be successful!
There is a lot of research that needs to be conducted before opening your own practice, and whilst we hope this guide has clarified some things for you, it is by no means entirely comprehensive. As such, we have provided some links to articles and other pages that should help fill in the gaps and ensure you are as knowledgeable as possible!
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