7 Figure Counseling Practice 1 of 3
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A presentation on building a high quality counseling practice.
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7 Figure Counseling Practice 1 of 3
- 1. BUILDING A 7-FIGURE Counseling Practice Anthony Centore Ph.D.
- 3. SOMEONE WILLING TO WORK 80 HOURS A WEEK TO AVOID WORKING 40
- 7. CAN I BE AN ENTREPRENEUR?
- 8. CONS PROS
- 16. A NOTE ON RUGS
- 17. WHAT IT TAKES TO SUCCEED IN PRIVATE PRACTICE
- 18. A TALE OF 2 COUNSELORS
- 19. BRIAN
- 20. EMMA
- 21. ADVANTAGES
- 28. UN-CATCH 22S
- 30. CFM
- 31. WHO’S STORY SOUNDS MORE LIKE YOU?
- 32. NOT A SOLO PRACTICE
- 33. GROUP V. SOLO
- 34. GO SOLO
- 35. SIMPLER
- 36. 6 FIGURES
- 39. GO GROUP
- 40. SELLABLE
- 41. FLY WHEEL
- 43. LESS ISOLATING
- 44. SHOW ME THE MONEY
- 45. SHOW ME THE MONEY A counselor will bill about $75 per session
- 46. SHOW ME THE MONEY A counselor will bill about $75 per session 36 sessions a week = $2,700
- 47. SHOW ME THE MONEY A counselor will bill about $75 per session 36 sessions a week = $2,700 48 weeks a year = $129,600
- 48. SHOW ME THE MONEY A counselor will bill about $75 per session 36 sessions a week = $2,700 48 weeks a year = $129,600 A psychologist will bill about $95 per session
- 49. SHOW ME THE MONEY A counselor will bill about $75 per session 36 sessions a week = $2,700 48 weeks a year = $129,600 A psychologist will bill about $95 per session = $164,160
- 50. SHOW ME THE MONEY Just therapy, without: Psychological Testing Medication Management Group Counseling Court Appearances Other Ancillary Services
- 51. SHOW ME THE MONEY 7.6 Counselors, or 6.1 Psychologists to earn $1,000,000 in Revenue!
- 53. BUT WAIT!
- 54. REVENUE IS NOT PROFIT
- 55. SHOW ME THE MONEY Therapist Compensation 55-70% of Total Revenue
- 56. SHOW ME THE MONEY Therapist Compensation 55-70% of Total Revenue ~ $300,000 - $450,000 left
- 57. WHAT CAN YOU BUY WITH $450,000?
- 60. 1.08 ct. platinum, fancy vivid blue diamond
- 61. 775 sq foot apartment, with one bath, in Brookline, MA
- 62. Take That, Austin Powers
- 63. NOT SO FAST
- 65. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15%
- 66. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7%
- 67. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5%
- 68. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3%
- 69. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8%
- 70. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity)
- 71. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3%
- 72. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3%
- 73. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3%
- 74. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1%
- 75. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1%
- 76. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 77. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 78. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 79. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 80. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 81. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 82. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 83. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 84. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 85. OPERATIONAL EXPENSES Credentialing, Billing & Credit Card Fees: 7-15% Rent & Parking: 3-7% Reception & Scheduling: 3-5% Office Expenses, Supplies & Postage: 1-3% Admin Salaries: 0-8% Marketing: 0-5% (once at capacity) Research & Development: 0-3% Clinical Supervision & Professional Development: 0-3% Software & Electronic Medical Records: 0-3% Accounting, Bookkeeping & Legal: .5-1% Travel: 0-1% Bank Fees: 0-1%
- 86. NET PROFIT
- 87. -25% TO 25%
- 88. RESULTS MAY VARY
- 89. RESULTS MAY VARY 1) Take home the same in solo practice
- 90. RESULTS MAY VARY 1) Take home the same in solo practice 2) Only money they keep is what they produce
- 91. RESULTS MAY VARY 1) Take home the same in solo practice 2) Only money they keep is what they produce 3) Highly profitable, and self-sustaining
- 92. RESULTS MAY VARY 1) Take home the same in solo practice 2) Only money they keep is what they produce 3) Highly profitable, and self-sustaining 4) A combination of self and team best *Sellable & Real Estate
- 93. GETTING TO BLACK
- 94. BUILT TO SELL
- 95. STARTING WITH THE END IN MIND
- 97. RELOCATE
- 98. CAREER CHANGE
- 99. TO LIQUIDATE!
- 100. RETIREMENT