Compassionate Climb

Compassionate Climb

In this show we discuss the challenges of being successful in business while maintaining your integrity and staying true to yourself. Join me while I interview other professionals and share insights from life and experience.

  1. 1d ago

    Episode 134: Caty Miller spends 10 hours a week managing her group practice

    Caty Miller, therapist, group practice owner, and business coach, discusses how she launched her group practice while still completing her counseling internship and grew it into a thriving six-clinician practice. Caty shares the lessons she's learned about financial planning, hiring, marketing, and creating systems that allow her to spend approximately 10 hours per week managing her business. Together, they challenge the idea that success requires constant expansion, explore the importance of transparency and intentional growth, and discuss why therapists shouldn't feel guilty about wanting to earn a comfortable income. Whether you're considering transitioning from solo to group practice or looking for ways to create more freedom in your existing business, this conversation is packed with practical insights and encouragement. Key Takeaways: Start before you feel completely ready: Caty launched her group practice during her counseling internship and achieved profitability in her first year. Bigger isn't always better: A successful group practice doesn't need 15, 20, or 30 clinicians to be profitable and provide financial and personal freedom. Plan for the unexpected: Budget for expenses to be at least 30% higher than anticipated and establish a financial runway while building your caseload. Transparency builds stronger teams: Open communication about compensation, billing, expectations, and practice operations helps create a culture where clinicians want to stay. Systems create freedom: Streamlining intake, billing, payments, and administrative processes can dramatically reduce the time required to manage your practice. Be intentional with marketing: Choose three marketing strategies that align with your strengths rather than trying to be everywhere at once. Hire for the right fit: Being patient during the hiring process can save significant time, money, and frustration. Understand your business: Even when delegating responsibilities, practice owners should understand the fundamentals of billing, claims, and daily operations. Profitability and ethics can coexist: Therapists deserve to earn a sustainable income while providing high-quality, ethical care. Connect with Caty: Instagram: @therapistbizschool

    Episode 134: Caty Miller spends 10 hours a week managing her group practice
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About

In this show we discuss the challenges of being successful in business while maintaining your integrity and staying true to yourself. Join me while I interview other professionals and share insights from life and experience.