In this episode, Alison Pidgeon speaks about how to know whether a group practice is right for you.
In This Podcast
Alison Pidgeon kicks off her podcast takeover with episode one of five on how to determine whether a group practice is right for you. She covers the pros and cons associated with running a group practice as well as what she plans to cover in this series aimed at owning a group private practice.
Sometimes, we need to just ask for things in order for something to happen. Don’t be afraid to take risks or be afraid of rejection. I built up the courage to ask Joe if I could consult on behalf of Practice of the Practice and look where I am now!
What We Will Be Covering In This Series
- The pros and cons of running a group practice
- The nuts and bolts of how to set up a group practice
- The hiring process
- Marketing a group practice
- How I manage my employees / contractors
The Pros and Cons of Starting a Group Practice
- You stand to make more money
- You don’t have to worry about losing money if you are sick / on vacation
- You can help more people in your community
- You have greater freedom with your time, i.e.: building passive income
- You can spend more time focusing on the business side of the practice
- You can grow your influence as an expert
- Growing a group practice takes up more of your time (especially in the start-up phase)
- The buck stops with you
- Starting a group practice is going to take some start-up money
- More of your time is going to be spent managing your employees / contractors and the business side of things and less time spent doing therapy
Starting a business tends to bring up a lot of our own ‘stuff’. As you become aware of them, you need to address them.
- How To Grow a Group Practice E-Book
- John Bowen Discovered 6 Key Drivers of Success | PoP 251
- TheraNest: Practice Management Software for Behavioral Health
Meet Alison Pidgeon
Alison is a licensed professional counselor in the state of Pennsylvania. In 18 months she went from starting a solo private practice to building a insurance-based group practice. She now employs 3 clinicians and a virtual assistant. In her spare time she is often seen running after her two small children and her therapy is cooking.
Thanks For Listening!
Feel free to leave a comment below or share this podcast on social media by clicking on one of the social media links below! Alternatively, leave a review on iTunes and subscribe!