Private Practice Numbers | May 2019 Monthly Income Report

Private Practice Numbers | May 2019 Monthly Income Report
Private Practice Numbers | May 2019 Monthly Income Report

How to Get to the Next Level of Private Practice

In trying to make money in private practice you have to know what stage you are in, are you:

Private Practice Videos and Highlights

Top Private Practice Stories

5 Ways to Address Inadequacy and Shame When Starting a Private Practice

5 Ways to Address Inadequacy and Shame When Starting a Private Practice

Therapists spend hundreds if not thousands of hours studying and learning how to help people. But most of us have never learned how to start and build a business. Starting a private practice can feel intimidating and overwhelming. There are many hats to put on: administration, marketing, web design, accounting, finance, manager. Sometimes we are not sure what to do or where to start. Even if we know what to do, we feel ill-equipped. Feelings of inadequacy often come up in the journey of starting a private practice.

The Perfect Private Practice Ideas For Empathetic Individuals

There’s a strange notion in the world of business that all entrepreneurs need to be cold and calculating individuals who are only interested in making a profit through ruthless means. Whilst this might be true of many big business leaders, it’s not a universal truth. It is possible to build a company with a moral core and make a profit at the same time. It can be a tough balancing act, but there are plenty of business models that are well-suited to caring people. These are the perfect private practice ideas for empathetic individuals.

Top Tips For Decorating Your Office Well

The modern workplace has a lot of different demands to the workplaces of old. Where going to work was an outright chore, with boring offices and nothing to motivate employees beyond their paycheck. It has been pretty firmly established that happy, looked after employees bring in far better results. Now, when a potential employee looks at a company, they are in part looking to see what the ‘culture’ is like.  Not simply how much they will make.

Private Practice Podcasts

Slow Down School

Slow Down School | PoP 371

In this podcast, Joe Sanok delves a little deeper into Slow Down School so that you can decide whether this is the right fit for you!

 

 

Brendan Kane Got a Million Followers in One Month and Works with Katie Couric, Taylor Swift, and Fortune 500 Companies

Brendan Kane Got a Million Followers in One Month and Works with Katie Couric, Taylor Swift, and Fortune 500 Companies | PoP 372

In this podcast episode, Joe Sanok speaks with Brendan Kane about how he grew to 1 million followers in a month and strategies you can adapt to grow your own social media.

Michael Diettrich-Chastain Wrote a Book and It's Helping Him Find His Ideal Client

Michael Diettrich-Chastain Wrote a Book and It’s Helping Him Find His Ideal Client | PoP 373

In this podcast episode, Joe Sanok speaks with Michael Diettrich-Chastain about his new book “Changes” and moving beyond doing just regular psychotherapy.

 

Rock Thomas Wants You To Redefine Your Life

Rock Thomas Wants You To Redefine Your Life | PoP 374

In this podcast episode, Joe Sanok speaks with Rock Thomas about working on yourself, falling in love with yourself, working hard towards your goals and making sure that you’re not just chasing the dollar.

 

Fay Brezel Launched a Website to Help Orthodox Jews Get Help with Mental HealthFay Brezel Launched a Website to Help Orthodox Jews Get Help with Mental Health | PoP 375

In this podcast episode, Joe Sanok speaks with Fay Brezel about how she helps Orthodox Jews get help with mental health and is working to fight the stigma and shame that still exists.

Past Monthly Income Reports

People often ask me why I disclose all this information? To me, I am inspired when other people are open and honest. Then I can learn from how they succeed or fail. My hope is that this helps others to grow in their businesses!

2019 Private Practice Income

2018 Private Practice Income $587,618.41

2017 Private Practice Income: $456,983.53

2016 Private Practice Income: $323,047.89

2015 Total Private Practice Income $234,969.14 (working 25-30 hours per week)

2014 Total Private Practice Income $110,736.79 (working 10-15 hours per week)

2013 Annual Counseling Income: $54,513.97 (January-December 2013)

May 2019

Disclosure: many of the links below are affiliate links that will earn me a commission if you purchase through them, it’s one way that I help support the work I put into the website. Please click on them to help support Practice of the Practice.

Private Practice:  $945.75

Other counselors: In 2015 we launched the Addictions Treatment: Intensive Recovery Program, which has started to bring in more clients that need additions help. I have four counselors that work for my Traverse City counseling private practice as 1099 contractors and I get a portion of what is brought in. In the past I reported just my portion, but I’m going to be reporting the gross sales that came in. Click the link if you want to add clinicians to your practice with my 1099 contracts: $6,840.44

Private Practice Paperwork Packet: $616.96

Consulting: (this sometimes includes building a website as part of the private practice coach session) I do private practice coaching. Usually there are three parts to private practice consulting:

  1. Evaluating KPIs of time and income
  2. Creating systems to scale the business
  3. Evaluating big ideas to generate non-time income and increase innovation, influence, and impact

$1,084

Podcast Sponsorship: $15,715.29

Hiring out my virtual assistant: $1,454.06

Practice of the Practice Consultants: $7,633.90

Next Level Mastermind + Big Ideas Group: Aimed at people above $70k that are scaling, adding clinicians, looking to save time and increase money, and have big ideas we have just a couple spots left and it includes Slow Down School, click here to apply: $5,965.50

E-books these sales are down since I started giving my book away for free, click here to get Practice of the Practice: A start-up Guide to Launching a private practice for free, instead of spending $9.99:  $16.72

One Year Private Practice Plan: This is the weekly newsletter that walks people through exactly what they need to do when starting a private practice. I dropped the price from $149 annually to $17 as a one time fee $436.89

Start a Group Practice MastermindThis Mastermind Group is limited to 12 people and is focused on the beginning stages of starting a group practice. How do you add a W2? How do you add a 1099? What contracts should you have in a private practice? How to set up systems? Alison Pidgeon teaches about group practice, does Q&A, and also you get hot seats. She’s going on maternity leave soon! $1,682.95

Next Level Practice: This is the premier supportive community that combines webinars, community, and practical tools to help start a practice.  $12,098.42

Blogging CourseThis is the best 12-part course on how to blog to rank higher in Google for therapists. $0

Passive Income Sources

Aweber: This is the service I use to create emails, manage lists, and create follow-up emails where they can be in order for the person. It’s super cool! $46.20

BlueHost Referrals: If you are setting up a website, this is the best hosting because of their customer service and the ability to have unlimited websites hosted! $750

VA Referrals: $0

Amazon Affiliate Referrals: If you are buying something on Amazon, it’d be great if you clicked the link. I get a small commission without you having to pay anything more: $5.33

SwiftFile: I just started using them instead of LegalZoom, they’re cheaper and way better with customer service! $715

Grasshopper: This is the amazing virtual phone system I use, rather than an expensive land line system. I have the $12/month one and it is awesome. At least check them out and watch some videos. $700

Psychology Today: It’s a great way to build your practice. $0

Practice Solutions: The best billing company for your private practice. $892.45

Gross Total: $57,599.86

Private Practice Expenses

1099 Counselors: $4,491.25

Rent and Utilities: $2,200

Marketing FB+YouTube+Twitter: $1,200.74

Charter Internet/website: $110

MeetEdgar: $49

Grasshopper: $81

Practice of the Practice Profit Sharing: $0

Upwork: $59.93

Aweber: $149

Lyft: $0

Teachable: $39

Google Suite: $52.73

Libsyn:$35

Zoom: $69.98

Dropbox: $0

Jamendo: $59

Virtual Assistants: $5,734.25

Drinks for the Office: $0 (see my blog post about should I offer drinks in my private practice)

Travel: $0

Shipt: $12

Moo: $0

IT Support and Hosting: $95

Family Health Insurance: $603.36

QuickBooks + Harris Group CPA: $750

Other Consultants: $6,898.39

TOTAL EXPENSES: $22,689.63

Monthly Income Totals

Gross Income: $57,599.86 –  Expenses: $22,689.63 =  Total Net: +$34,910.23

REACH YOUR AMBITIOUS RESULTS

Let’s do some consulting.

CLICK HERE to discover more about my private practice consulting. 

Some of the numbers from Google Ads, Amazon, NameCheap, and my e-books will not be paid until they reach a certain amount or 60-90 days after the sale.  

 Joseph R. Sanok, MA, LLP, LPC, NCC

joe-sanok-private-practice-consultant-headshot-smaller-version

Joe Sanok is an ambitious results expert. He is a private practice business consultant and counselor that helps small businesses and counselors in private practice to increase revenue and have more fun! He helps owners with website design, vision, growth, and using their time to create income through being a private practice consultant. Joe was frustrated with his lack of business and marketing skills when he left graduate school. He loved helping people through counseling but felt that often people couldn’t find him. Over the past few years, he has grown his skills, income, and ability to lead others, while still maintaining an active private practice in Traverse City, MI. To link to Joe’s Google+ .

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