(#568) How I Lost $50,000 Building a Group Practice | What I Wish I Knew Before Hiring Therapists
I lost approximately $50,000 while learning how to grow a group private practice, and it wasn’t because I didn’t know how to run a successful solo practice. My solo private practice systems worked for me.
The problem was realizing that systems built for one therapist are not automatically built to support additional clinicians, supervision, training, payroll, billing, marketing, administration, and leadership. In this live conversation, I’m sharing some of the lessons I learned while transitioning from solo private practice into group practice ownership, including what I wish I had assessed before hiring.
THERAPIST BUSINESS RESOURCES
➡ PRIVATE PRACTICE PROFITABILITY PLAYBOOK
➡ SCALE & HOURLY WORTH CALCULATOR
➡ THERAPY GROUP LAUNCH PROCESS MASTERCLASS
➡ SIMPLE PRACTICE is the EHR I recommend for therapists in private practice to manage documentation, scheduling, and client communication in one secure system.
➡ GUSTO makes payroll simple for therapists—perfect for paying supervisees, contractors, and staff without payroll stress.
➡ KIT is my go-to email marketing platform for therapists who want to build an email list, nurture clients, and sell digital products with ease.
➡ ️STANSTORE is where I host and sell my digital products—perfect for therapists who want a simple, all-in-one checkout and link-in-bio system without tech overwhelm.