How vital is a business plan for a private therapy practice? In the previous episodes,  Doctor TK had given some feedback on branding, launching, and growing your own private practice. Now that they already have one, most of the clinicians may struggle with an outdated business plan or none at all. In today’s episode, let’s revisit the business plan you already have or complete one by determining the three things you need to be clear with and how each of them entails to the success of your business.

 

Podcast Goals:
Learn the importance of knowing your entity type

Determine the clients you want to serve

Identify the services you’ll offer in the future.


 

Episode Timeline:
 

Business plans Doctor TK provides for her clients [0:50]


#1: Understand and clarify your entity type [01:15]


The reason why you want to know your entity type [01:32]


What is included in your entity type? [02:05]


What to do if you don’t know your entity type [02:31]


#2: Be very clear on who you serve [02:58]


What to prepare before you start offering your service? [03:48]


Customize your online platforms according to your ideal clients [04:14]


#3: Identify the services that you want to offer in the future [05:23]


Examples of services [05:55]


Why services are essential to your business plan [06:31]


A warning: Don’t do all the areas at once [07:21]


A tip: Don’t serve everybody [08:23]


Picking the most favorite thing of your business vision board [08:32]


Determining the price point [09:23]


What is collateral and how Doctor TK squeezes it at the end of a session [09:33]


Importance of spending time and effort for your business to stay open [11:18]


Take the Private Practice Quiz for free [12:00]


Engage with Doctor TK using these platforms [12:31]


Podcast summary [13:35]


 

 

Standout Quotes from Doctor TK:
 

“Your entity type determines your tax structure. It also determines your ability to expand.”[01:43] 


“Who you serve dictates how you attract your ideal clients ” [03:12] 


“The reason why services are essential to your business plan is that it also dictates how much you can charge and it dictates the length of treatment for therapy.” [06:31] 


“Technically, when you wanna serve everybody, you’re actually serving no one.” [08:26] 


“Focusing on one area helps you hyperfocus. You can focus on the outcome for the client’s success in therapy” [10:59] 


 

 

Resources Mentioned:

Take Private Practice Quiz 

Join The Dope Therapist Tribe

Join the Dope Therapist Circle 


 

Upcoming Events: 
Las Vegas Branding Mastermind Retreat - Learn More Now

 

Connect:
Find | Doctor TK

On Instagram: @DoctorTKPsych

On Facebook: @DoctorTKPsych

On Pinterest: @DoctorTKPsych

On Youtube: @Doctor TK

 

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