How to Transition from Solo to Group Practice Owner - Live Consulting with Liz Fava | WP77
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Transitioning from Solo to Group Practice: Insights and Strategies
In this Wise Practice Podcast episode, the host interviews Liz Fava, owner and director of Fava Counseling Associates, about transitioning from a solo to a group practice. They discuss the challenges of implementing new systems and processes necessary for group management, like intake procedures and communication methods. Additionally, the host announces a free webinar focused on making faith-based decisions in private practice, emphasizing the importance of aligning business decisions with personal beliefs and values. Liz shares her journey, including the decision to start a group practice following maternity leave and the strategic moves made to accommodate growth, such as acquiring more office space and hiring additional therapists and administrative support. The conversation also covers various aspects of running a group practice, from delegation to the importance of tracking client conversions and the utility of tools like the Spruce app for managing communications. The episode provides valuable insights for therapists considering or in the process of transitioning to a group practice model.
Show Highlights
- 00:00 Welcome to the Wise Practice Podcast
- 00:14 Transitioning from Solo to Group Practice: Challenges and Solutions
- 00:52 Free Webinar Announcement: Faith-Based Decisions in Practice
- 02:11 Meet Liz Fava: A Journey from Solo to Group Practice Owner
- 04:34 The Evolution of Fava Counseling Associates
- 09:55 Live Consulting: Growing Your Practice and Delegating Effectively
- 19:09 Streamlining Business Operations with Gusto
- 22:08 Navigating Remote Work Challenges and Considering In-Person Support
- 24:10 Exploring the Benefits of Hiring an Office Manager
- 25:16 Leveraging Team Members for Administrative Roles
- 26:33 Transitioning from Solo to Group Practice: Letting Go and Delegation
- 28:56 Conducting a Time Audit to Improve Efficiency
- 31:16 Navigating Clinical Supervision and Legal Considerations
- 33:19 Optimizing Phone Systems for a Growing Practice
- 38:29 The Value of Community and Continuous Learning
- 41:12 Closing Thoughts and Acknowledgements
Gusto is an excellent payroll processing option for therapist group practice owners due to its intuitive interface and comprehensive support. It simplifies the complex task of managing payroll, taxes, and employee benefits, which is particularly beneficial for practices with multi-state employees. Gusto’s paperless onboarding streamlines the hiring process, and its user-friendly software makes it easy for administrative staff to run payroll efficiently. Additionally, Gusto’s responsive phone support ensures that questions or issues are promptly addressed, allowing therapists to focus more on their clients and less on administrative tasks. If you sign up using this link, you will get a $100 sign-on bonus!
Register For the WebinarHow to Make Faith-based Decisions in your Practice - Monday, April 29th at 2:00 EST
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Check the podcasts on the PsychCraft Network: PsychCraftnetwork.com
Podcast Production and Show Notes by Course Creation Studio.
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