"Average people see money through the eyes of emotion. Rich people think about money logically."

This is a quote from an article at Yahoo Finance.

Fear is an emotion which can cause you to think  illogically. This episode will give you some specific insight on business skills and whether you have what it takes to run a private practice or not.  If you already own a private practice, then you will learn some specific techniques on how to think about business and some tips on how to run your private practice well.

I think you will find this information as inspiring as I did.  Please leave a comment about how rich people think differently and how you try to implement that way of thinking.

Here is what is covered in this episode:

• The business skills you need to run a private practice
• Take the test to determine if your private practice idea is a good one
• How to determine if your private practice idea will work without taking a risk
• Who should you ask to see if your private practice is a good idea
• Should you get a business degree
• The Entrepreneur mind- how it works and how yours should work
• What type of business model you should consider
• Maslow's hierarchy and your private practice
• What numbers you should track and when you should  track them
• Is there such a thing as a bad customer
• Other ways rich people think
• Is money the number one motivator

Yvette McCoy is a Speech Therapist in private practice in Maryland. She has a brick and mortar clinic called Speak Well Solutions that provides Speech, Occupational and Physical therapy. Yvette has a great attitude toward her private practice and delivers a fun and insightful interview.

Here is what we cover:

• How she "accidentally" got into private practice
• Why she partnered with an OT and how she set that Partnership up
• What her biggest marketing tool is
• How she shamelessly markets her practice to local doctors - Learn her one tip that will be huge for your practice marketing
• How she pays the therapists she hires
• What tools she uses for billing

James Lomuscio

I "met" James on Twitter using the #bizpt hashtag. I checked out his website and was intrigued by his tools for private practice therapists there. I thought you might be interested too so I invited James to visit with me about what his service offers.

Hability.net is a patient relationship management solution for therapists designed to help you
strengthen your relationship with patients. In this episode, James shares with us how this tool can help your private practice reduce no shows using text messages and emails which are automated and configurable.

Hability gives you the power to create one or more communication plans for your patients, and Hability automatically follows-up with each patient during and after their course of care. Each message is completely configurable, ensuring scheduled messages reflect your voice and your clinic's brand.

Hability is not just for PT's.  Any private practice therapist would benefit from this service.