What Would It Take to Protect Your Private Practice if You Got Sick? | IP218
From Ideal Practice · 1:04:31
Show by Wendy Pitts Reeves
You've worked hard to build your private practice. Yes?You've invested precious time, energy, money, and heart into creating something meaningful, valuable and - I hope - profitable. But what would happen to that business if you suddenly couldn't work?I know. I don't want to think about that either. And yet...that's exactly what happened to my guest today, Laurel van der Toorn, a licensed marriage and family therapist and owner of Laurel Therapy Collective. When an unexpected medical crisis forced her to step away for five months, she discovered just how valuable the systems and protections she'd already put in place really were.In this conversation, Laurel shares what helped her practice survive, what she learned along the way, and what every private practice owner should be thinking about before an unexpected crisis turns everything upside down.In this episode, you'll hear...How Laurel's unexpected five-month medical leave affected her practice, and why the impact was much less devastating than it could have been. 🌻Why having the right health insurance, disability coverage, and even your business structure (!) could make all the difference in the survival of your practice. 💰How a professional will and clear operating procedures can protect your clients and keep essential business functions running when you're unavailable. (So much to think about here.) Why preparing for an extended absence isn't just about protecting your business; it's also about giving yourself the emotional space to get through a difficult season. 💛Here's the thing. None of us wants to imagine being forced to step away from our work. But the time to protect the business you've worked so hard to build is before something happens, not after... And Laurel's story is a powerful reminder that a little preparation now can make an enormous difference later.As you listen, think about what you might need to put in place to protect your own Ideal Practice™, for the sake of your clients, your team, your family - and yourself.WANT MORE SUPPORT FOR BUILDING YOUR IDEAL PRACTICE?I've put together a collection of free resources to help you build a private practice that's not only profitable, but sustainable, too.From practical business tools to fresh ideas for growing your practice, there's something there to help you take your next step.Take a look at what's available at wendypittsreeves.com/free-resources.And remember - building your Ideal Practice™ isn't just about creating a business you love. It's about creating one that supports the life you want to live.~Wendy_______________TODAY’S GUEST Laurel van der Toorn, LMFT, owns Laurel Therapy Collective, an EMDR-focused group practice. In 2024 she went on a sudden five-month medical leave and returned to work without financial wreckage, thanks to systems she'd put in place years earlier. She teaches therapists and group practice owners how to prepare their practices for medical, parental and other leave.Website: https://laureltherapy.net | Email: [email protected] upcoming workshop, January 2027: Learn more at https://laureltherapy.net/leave-prep_______________MENTIONED Clockwork by Mike Michalowicz – A book about designing a business that can operate without depending on you for every decision and task.Episode 146: Robyn Miller on the Professional Will – I Had No Idea How Important a Professional Will Was - And Then I Met Robyn Millerhttps://www.wendypittsreeves.com/blog/146_______________LET’s CONNECT:Want to be a guest on Ideal Practice™? Apply here: https://www.wendypittsreeves.com/guest-applicationLooking for tools to help you grow your practice? Explore my free resources: https://www.wendypittsreeves.com/free-resourcesSupport the showWendy Pitts Reeves, LCSWHost, Ideal PracticePrivate Practice Coach and [email protected]
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