Here at Therapy Business School, we’re really big on building
successful and profitable therapy business practices, but I don’t want
you to quit your therapy day job just yet.
Yes, in full disclosure, that’s what I did in 2008 but I quit then
without any prior plans because I was sick and tired of the politics in
the place I was working in; and after tendering I just tried my best to
connect with other therapy agencies and thank God they had jobs for me
But now, looking back, that’s is definitely not the way I would do it, if I had to do it again.
A much smarter AND safer way would be to transition carefully and in a planned manner. Two approaches that you can consider:
#1 If you love your current therapy job but want to have some supplementary income on the side
For this, you can actually keep your therapy day job and op to do one of the below either:
Freelance and make money on the side working weekends or after office hours.
In our practice across our clinics, often the popular timings are after
office hours and weekends, and interestingly, the therapists who work
full time with us avoid those timings, and it just makes sense to
synergize with therapy clinics who need your kind of expertise and more
often than not, have the clients that you want
Build an online business and make money online. Do this with Solo Build It, which I've used since 2010.
#2 If you hate your current therapy job and/or plan to have your own private therapy business
Even if you want to have your private therapy business soon, sometime
down the line or absolutely hate your current therapy job/boss, don’t
quit just yet.
Follow the first example as above on freelancing on the side for a
good 6 months to a year or more, and do not rush into starting your own
By doing this:
you “get to try before you buy” – so many therapists whom I’ve
spoken to always share with me that they hate the idea of working like
how I do (I am always working) and that’s why they will never start
their own business (and many quit their businesses after a few
weeks/months), and prefer to work with therapy operators like
me because I simplify their private practice and take out all the hard
work of operations, finance management, strategy, legal, insurance,
rental, contracts, marketing/business guesswork and zero startup costs
with me – the list goes on and on. How I get through is because I
absolutely LOVE what I do, and to me it’s not work – it’s good fun =)
you learn how a private therapy business operates and run, and you
learn how to run one on your own. Yes, it’s not in detail, but you will
get a rough idea how you can run your own later, if you still want to
easier for you to transition in from an employee to part time
private practice therapist, by “plugging and playing” into a therapy
business that is already mature, well-oiled, well-troubleshot and
managed, and often has clients that you can see (depending on the
therapy business practice)
If you’ve done the above and you’re still convinced that you want to
start your own, GO FOR IT. You’ve had a rough feel, some field
experience, and assuming you’ve saved enough capital to last for 12
months, just go for it.
Then it’s time to say goodbye to your therapy day job.
With just $65, Nigel and Louise started a therapy business in 2008, and
slowly built it up through sweat, tears and mistakes to a 7-figure
multi-disciplinary, multi-clinic therapy business, and was acquired in 2014 by a larger health group in Singapore.
In his free time, Nigel loves exercising, eating, spending
time with family, reading and blogging.
Read more here.
At this point in writing since January 2018, I am not affiliated to any therapy
businesses whatsoever as I've stepped down from Urbanrehab management, leadership position and shareholding - I am taking a
sabbatical to spend time with children, wife and family; exploring other creative aspects of my life including publishing, blogging etc =D