139FF: The Two Ways to Start a Private Practice

How hard is it to start your own private practice, and how do you know when it's time to go for it? In today’s Feelings and Finances episode, host Linzy shares her thoughts on transitioning from agency or group practice settings to launching a private practice. Money Skills team member Christelle calls in with this frequently asked question, and Linzy offers insights for therapists wondering if and when to go solo. Linzy explores two paths to entering private practice, and she covers the essentials that therapists need to consider before making the shift. Linzy emphasizes that while building a private practice requires effort and planning, the outcome—a sustainable practice that reflects your personal values and financial needs—is deeply rewarding. Tune in to hear Linzy unpack the realities, challenges, and surprising opportunities that come with starting a private practice. Hear Linzy’s practical advice and encouragement to help you make the best decision for your unique circumstances. For a full transcript of the episode and much more, check out the blog post on our website! https://moneynutsandbolts.com/?p=16112  To watch a video version of this, check it out on YouTube: https://youtu.be/cLcwGdlTxE8  Have a question for Linzy?  You can easily submit your question directly to Linzy’s SpeakPipe inbox.  Just click the “Start recording” button, allow the use of the microphone if needed and press “Stop” when you’re done. Fill in your name (yes, you can use an alias) and your email address.  It will take you less than 2 minutes, promise! Want to feel calm and in control of your finances? Connect with us! Subscribe to our YouTube channel: https://www.youtube.com/@moneynutsandbolts Listen to the Money Skills for Therapists Podcast on your favourite app: https://moneynutsandbolts.com/podcast/ Follow us on Instagram: https://www.instagram.com/moneynutsandbolts Follow us on Facebook: https://www.facebook.com/moneynutsandbolts Follow Linzy on LinkedIn: https://www.linkedin.com/in/linzybonham/ Want to work with Linzy? Check out the FREE masterclass, The 4 Step Framework to Getting Your Business Finances Totally in Order, where you'll learn the framework that has helped hundreds of therapists go from money confusion and shame to calm and confidence, as well as the three biggest financial mistakes that therapists make. At the end, you'll be invited to join Money Skills for Therapists and get Linzy's support in getting your finances finally working for you. Click here to find a masterclass time that works for you! Mentioned in this episode: Check Out Relay for Business Banking Skip banking fees, minimum balances, and tedious bank visits. Start with the unicorn of all banks, Relay, my go-to money management and online banking platform. Signing up is free and takes under