Your goals for the future. Other goals including planning for the growth of your practice. Below are the sales projections for Safe Refuge Private Counselors®, LLP, it is based on the location of our personal training and coaching company and of course the wide range of trainings that we will be offering; N.B: This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor offering same additional services as we do within same location. The age groups or populations you generally work with, Special skills that enhance your practice (Are you bilingual? Handles any other duty as assigned by the Principal Partner / CEO. We can help with that. What concerns do you help them with? Generating Funds / Startup Capital for Safe Refuge Private Counselors®, LLP. Five Steps to Create a Business Plan. Why Start a Counseling Private Practice Business? The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. Creating a Private Practice Business Plan, Practice Management Software for Therapists, Rules and Ethics of Online Therapy for Therapists, How to Send Appointment Reminders that Work, Your Checklist for Starting a Private Practice in Counseling, Starting a Private Therapy Practice? That includes developing a mission or value statement for your practice, a list of whom you'd want to work with if you decide to create a group practice and a business plan. Safe Refuge Private Counselors®, LLP is a professional and licensed private counseling firm that is specialized in helping her clients over life challenges, achieve their personal goals and improving their competence, capacity and productivity. Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations. Use friends and family to spread word about our private counseling firm. Safe Refuge Private Counselors®, LLP is set to make use of the following marketing and sales strategies to attract clients; We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market. We are coming into the psychologists, social workers and marriage counselors industry with a business concept and company’s profile that will enable us work with the clients from different background and different status. Before you start anything else in your business plan, … These are the areas we intend generating our start – up capital; N.B: We have been able to generate about $50,000 (Personal savings $35,000 and soft loan from family members $15,000) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. 2. Generate a larger chunk of the startup capital from the bank (loan facility). This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business. The truth is that, the market is still pretty much open for new practitioners to come in. Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level, Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services, Manages administrative duties assigned by the principal partners in an effective and timely manner, Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. He is the Executive Producer @JanellaTV and also doubles as the CEO, POJAS Properties Ltd. Please note that the above projection might be lower and at the same time it might be higher. Going forward, as people continue to be employed and regain a steady income, private health insurance will become more affordable, prompting consumers to seek private counseling services when needed. How will your private practice assist others? For example, instead of saying “I work with children of all ages,” consider “I see clients of all ages but specialize in working with teenagers who have ADHD, learning difficulties, problems in school, or behavioral issues.” Consider your skill set and think about the help you, specifically, can provide. Welcomes clients and visitors by greeting them in person or on the telephone; answering or directing inquiries. Once you have this figure, you can use it to set your therapy fees and create a sliding scale, if you decide to use this fee structure. Print out fliers and business cards and strategically drop them in offices, libraries, public facilities and train stations et al. 3. Who do you work to help? (2016, October 24). These costs might include: Once you’ve determined your monthly (or annual) operating costs, you’ll need to calculate the minimum amount of income you need to support yourself and keep your practice in business. private counseling practice business plan template Counselling practice is a business which belongs to the psychologists, social workers, and marriage counsellor’s industry. Experts project the industry to grow at a 3.4 percent annual rate within 2011 and 2016. If YES, here is a sample psychotherapy private practice business plan template & FREE feasibility report. How to create a business plan for your perfect private practice. This can help boost your website’s ranking in Google and other search engines. Decide on your location and building type. Taking time to research the therapy market in your area can help you make important decisions about your niche, office location, and methods of reaching potential clients. We are set to become the number one choice for both corporate clients and private clients in the whole of Smethport – Pennsylvania which is why we have made provisions for effective publicity and advertisement of our business. The truth is that, if your clients experienced huge difference in their life as a result of hiring the services of your organization, then they will be compelled to help promote your organization. At Safe Refuge Private Counselors®, LLP, our clients’ overall best interest would always come first, and everything we do is guided by our values and professional ethics. Encourage word of mouth marketing from loyal and satisfied clients. A business plan for growing your therapy practice. Be found at the exact moment they are searching. This shows the importance of a business plan, because most threats or challenges are to be anticipated and plans put in place to cushion what effect they might bring to the business. If you want to partake in this thriving industry, you would need to obtain all the necessary licenses and certifications and then launch your own counseling private practice business. As a psychologist… to ensure accurate and helpful information is supplied to clients when they make enquiries, Receives parcels / documents for Safe Refuge Private Counselors®, LLP, Working class adults / corporate executives. Our sales and marketing team will be recruited based on their vast experience in the industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of Safe Refuge Private Counselors®, LLP. Post information about our private counseling firm on bulletin boards in places like schools, libraries, and local coffee shops. 14. Private counseling services are needed regardless of economic conditions, which insulate the industry from economic fluctuations. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner of our business strategy. As a result of this, Safe Refuge Private Counselors®, LLP will charge our clients flat fees except for few occasions where there will be need for us to charge special clients on hourly basis. Deciding whether or not to accept insurance is also an important decision you’ll have to make before beginning to see clients. Higher-ranked websites appear sooner in search results, so this can put you in front of more people looking for help. While you’ll likely personalize the structure of your business plan to meet the unique needs of your private practice, all business plans should include certain essential information that outlines a path to success. One thing is certain, the trend in the psychologists, social workers and marriage counselors industry is such that if you want to be ahead of your competitors, you should be able to acquire as much certifications as possible and you should be able to have loads of testimonies from your clients. The business basically consists … Responsible for fixing prices and signing business deals, Responsible for providing direction for the business, Responsible for signing checks and documents on behalf of the company, Evaluates the success of the organization, In charge of clinical psychology services, Responsible for handling industrial-organizational psychology services, Handles child, family and school social works, In charge of online private counseling services, Retails of self – help books and materials. If you want to help young children overcome trauma, your goal may be pursuing continuing education in trauma-focused therapy approaches during the first 6 months of practice. It is one thing to have a skill and it is another thing to know how to counsel people into becoming successful; which is why you must constantly get feedbacks from your clients to be able to measure their progress and your performance. As a standard private counseling organization, Safe Refuge Private Counselors®, LLP offers a wide range of services hence we are well trained and equipped to services a wide range of clients (public figures, celebrities and non – celebrities alike). If YES, here is a complete sample psychological counseling private practice business plan template & feasibility report you can use for FREE. Dr. Boston Smith is a certified and renowned psychologist and marriage counselor. Principal Partner / Chief Executive Officer, Psychologists, Social Workers and Marriage Counselors. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources. Safe Refuge Private Counselors®, LLP is a professional and licensed counseling (private practice) firm that is specialized in helping her clients overcome their challenges and achieve their personal goals and improving their competence, capacity and productivity. Advertise our life private counseling firm in our official website and employ strategies that will help us pull traffic to the site. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups private counseling businesses in the United States) in the industry. Are you a Psychologist, Social Worker or a Marriage Counselor? With technology, it is no easier for private counselors to counsel their clients that are thousands of kilometers away from them. Finding it difficult to start writing a business plan? You may even need this plan if you intend to apply for a loan to fund your fledgling therapy practice. Lastly, as a private counselor, the key attributes needed to be able to make good success from the trade is patience, enthusiasm, passion about the specific area to be handled, and constant positivity. No doubt, the opportunities in the psychologists, social workers and marriage counselors  industry is massive considering the number of individuals and corporate organizations who would want to overcome their challenges and achieve their goals and to perform excellently well in their jobs and personal life. As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff / partners and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. We are mindful of the fact that there are stiffer competitions amongst private counseling firms in the United States of America; hence we have been able to hire some of the best marketing experts to handle our sales and marketing. Safe Refuge Private Counselors®, LLP will at all times demonstrates her commitment to sustainability, both individually and as a private counseling organization, by actively participating in our communities and integrating sustainable business practices wherever possible. In real life, establishing a small business such as a private counseling practice requires a lot of preparation, planning and ongoing maintenance. There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. The materials and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked. Are you about starting a counseling private practice? Many insurance plans allow for a certain number of clinical hours in private practice … Running a psychology practice means you are also running a business. The financial part of a business plan should involve several components. Writing a Digital Print Shop Business Plan [Sample Template], A Sample Professional Organizer Business Plan Template, A Sample Immigration Consulting Business Plan Template, A Sample Party Rental Business Plan Template, A Sample Self Help Group Business Plan Template, A Sample Resume Writing Service Business Plan Template, A Sample Powder Coating Business Plan Template, A Sample Nanny Placement Agency Business Plan Template, A Sample Tent Rental Business Plan Template, Writing a Photocopy Shop Business Plan [Sample Template]. 5. Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. 2. Why do you practice therapy? Once you’ve found an ideal location, you’ll need to consider marketing strategies, another key component of market research. If you intend to go big by renting a place, then you would need a higher amount of capital as you would need to ensure that your employees are well taken care of. This is why we are committed to only hire the best hands within our area of operations. 4. What a survey told us about business plans for private practice therapists. In addition, we will also offer special discounted rates to all our clients at regular intervals. It is important to state that there is no single organization that has a lion share of the available market in the Psychologists, Social Workers and Marriage Counselors industry. All rights reserved. As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. Below is a list of the clients that we have specifically design our private counseling services for; No doubt, the psychologists, social workers and marriage counselors industry is indeed a very prolific and highly competitive industry. Our intention of starting our private counseling business is to help our clients overcome their challenges, achieve their personal goals and improving their competence, capacity and productivity and of course to also make profits from the psychologists, social workers and marriage counselors industry and we will do all that is permitted by the law in the US to achieve our aim and business goal. Payment via Point of Sales Machines (POS Machines), Business incorporating fees in the United States of America will cost –, The budget for liability insurance, permits and license will cost –, Acquiring an office space that will accommodate the number of employees we intend employing for at least 6 months (Re – Construction of the facility inclusive) will cost –, Equipping the office (computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics) will cost –, The cost for accounting software, CRM software and Payroll Software –, Other start-up expenses including stationery –, Phone and Utilities (gas, sewer, water and electric) deposits – (, Launching an official website will cost –, Amount need to pay bills and staff members for at least 2 to 3 months –, Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost –, Generate part of the start – up capital from personal savings and sale of his stocks, Generate part of the start – up capital from friends and other extended family members. For the purposes of this business plan, we will focus on multidisciplinary group practices, both public and private. Your primary goal, when starting your therapy practice, is probably to help people. Counselors who have established their own practices say that the other major requirement for success is business … The first thing that became clear was that a small portion of therapists in private practice had a business plan. We want to position Safe Refuge Private Counselors®, LLP to become one of the leading private counseling brands in the industry in the whole of Smethport – Pennsylvania, and also to be amongst the top 10 private counseling firms in the United States of America within the first 5 years of operations. Going forward, clients and potential clients alike will likely require less guidance, high-income households will serve as the primary vehicle of growth for the industry. However, as the economy slowly continues to recover and consumer confidence returns, demand for their services is expected to diminish. It’s a good idea to revisit your business plan once or twice a year, just to update any information and address any parts that have become less relevant. It is important to state that the industry mental health professionals who have a Doctor of Medicine (MD) degree or a Doctor of Osteopathy (DO) degree are not included in this industry. We will also ensure that our clients’ overcome their challenges in record time; we want to build a standard and first – class private counseling business that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations). One of our major goals of starting Safe Refuge Private Counselors®, LLP is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. Our target market as a private counseling firm cuts across people of different class and people from all walks of life. The Growing Pains of a Group Practice Private practice is alive and well---but only if you realize that excellent clinical skills are a necessary, though not sufficient, condition for success. These goals should stretch you … Exactly how do you want to help? We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. If you’ll need some income to get it started, also note your strategy for obtaining these funds. Whether you are in private practice or doing agency work- I recommend you have liability insurance. For Mental Health Professionals - The Practice Resource Section of GoodTherapy. Fewer legal and tax formalities compared to setting up a partnership or company, and therefore cheaper. 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