What are the ingredients to skyrocketing any group practice to success? What are some of the shared anxieties that nearly every group practice owner struggles with? Why do you need to learn to “build the plane while you are flying it”?
In this podcast episode, Joe Sanok, LaToya Smith, and Ashley Mielke speak about how to start and grow a group practice.
Podcast Sponsor: Heard
As a therapist, you’re probably too preoccupied with your caseload to want to think about bookkeeping or tax filing. Heard can help you out with that. Heard is a bookkeeping and tax platform built specifically for therapists in private practice that helps you track and improve your practice’s financial health. Regardless of whether you’re a seasoned clinician or are in the first year of your practice, Heard will help you to identify areas for growth and streamline best financial practices for your business.
When you sign up with Heard, you’ll work directly with financial specialists to track your income and expenses, file taxes online, and grow your business. You’ll also receive financial insights such as profit and loss statements and personalized monthly reports. You can say goodbye to poring over spreadsheets and guessing your tax deductions or quarterly payments; focus on your clients, and Heard will take care of the rest.
Plans begin at $149 per month and can easily be tailored to fit your business’ financial needs. Sign up now at www.joinheard.com.
Meet LaToya Smith
LaToya is a consultant with Practice of the Practice and the owner of LCS Counseling and Consulting Agency in Fortworth Texas. She firmly believes that people don’t have to remain stuck in their pain or the place they became wounded. In addition to this, LaToya encourages her clients to be active in their treatment and work towards their desired outcome.
She has also launched Strong Witness which is a platform designed to connect, transform, and heal communities through the power of storytelling.
Email her at firstname.lastname@example.org
Meet Ashley Mielke
Ashley Mielke is a Registered Psychologist, Founder, and CEO of a large group private practice in Alberta, Canada called The Grief and Trauma Healing Centre Inc. She is passionate about supporting heart-centered practice owners in starting, growing, and scaling their businesses.
Ashley was called to start her company after the tragic death of her father by suicide in 2010. It was the purpose she found through her healing that inspired the ‘WHY’ that drives her 7-figure company today. It brings Ashley great joy to support other heart-centered leaders in building successful practices that are aligned with both their business goals and their deepest calling.
In This Podcast
- Shared troubles of current group practice owners
- The ingredients to rocking out a successful group practice
- When should you add the first clinician to your practice?
- LaToya and Ashley’s advice to private practitioners
Shared troubles of current group practice owners
Being a therapist can feel isolating, and being a therapist that runs a group practice can feel even more so!
What can bring you together is the knowledge that almost every group practice owner goes through the same trials and tribulations that you do. Find community in those that have shared your experience and allow them to inspire you to keep moving forward.
Some common struggles include:
- Finding the best fitting clinicians for the practice
- Creating the best structure and process
You have a whole list of 10 things that you feel need to be done today, but what’s most important for this day? That’s going to get you to the vision that you want to go to. (LaToya Smith)
- Breaking down a big vision into manageable action steps
- Searching for support and encouragement
One way that I enjoy supporting my consulting clients is [by] sharing my journey and my stories as a group practice owner and they often feel so relieved … because they’re reminded that they’re not alone. (Ashley Mielke)
The ingredients to rocking out a successful group practice
Even though there are shared struggles, there are also simultaneously shared top tips that almost every group practice can do to skyrocket the business to sustainable success.
Some top tips include:
- Becoming a go-getter: they desire and appreciate momentum without worrying about how it will turn out. They trust the process and continue to take action.
- Letting go of the negative “what-if?”: consider the fruits of your labor, and how they could turn out for the best instead of for the worst. What great things can happen from your efforts?
- Focusing on progress instead of perfection: you will never have all your ducks in a row, and those that succeed more than usual know this, and continue on their journey despite the occasional setback.
You just have to start, and you have to let go of that need for perfectionism and having everything in place, or you will never feel ready. (Ashley Mielke)
When should you add the first clinician to your practice?
You should consider hiring your first clinician when:
- Your waiting list is growing
- Your professional calendar is nearly full
- You have to turn clients away
[With] hindsight looking back, I really wish I would have hired [earlier], even when I was three-quarters full to where I wanted to be. (LaToya Smith)
Hire your first clinician before you reach panic mode. So, it may seem unnecessary, but hire before you think you need it.
LaToya and Ashley’s advice to private practitioners
Go after it. There will be some fears and some what-ifs, but continue to try and pursue your goals.
If you have a calling and you come alive when you think about your practice, then trust that guidance and take the next right step forward.
Books mentioned in this episode:
Useful links mentioned in this episode:
- When you sign up with Heard, you’ll work directly with financial specialists to track your income and expenses, file taxes online, and grow your business. Sign up now at www.joinheard.com.
Check out these additional resources:
- Alison Bids the Grow A Group Practice Podcast Farewell | GP 127
- Group Practice Launch
- Group Practice Boss: www.practiceofthepractice.com/grouppracticeboss $149 a month
- PoP Group Practice Owners Facebook Group
- Free resources to help you start, grow, and scale
- Work with us
- Practice of the Practice Network
Thanks For Listening!
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