Creating a Counseling Practice through a Partnership

Wanting to create your own professional counseling business?  Looking for an opportunity to break free of the "8 to 5" lifestyle.  Want more freedom in your work?

Starting any business can be very expensive and time consuming.  One way for professional counselors and mental health professionals to decrease the financial risk is to create partnerships with other counselors when opening a new business.  The major benefit is the money you will save.  All expenses will be cut in half, or even more depending on how many people you partner with.  

Think of when you were in college.  Unless you had plenty of money, you likely had a roommate to share your expenses.  It's the same in your professional career.  Sharing space and overhead costs can greatly reduce your expenses, and allow for more income.  The key is finding good, trustworthy partners.  Before agreeing to share office space with another counselor, make sure you do your homework.  I would recommend utilizing extreme scrutiny before committing to partner with someone else.  Remember, you are attaching your professional reputation to this person, so make sure it's someone you can trust.  Also, it's best to partner with someone that has strengths in areas where you are weak.  For example, if you specialize in marriage counseling and working with adults but are not interested in treating children, and your partner has a specialization in working with children and parents, you can refer to each other.  Together, you can make an excellent team and use your strengths to share the workload.  You can refer clients to each other based on your specialty, and won't step on each other's toes while competing for the same clientele.

Please note, this is not a business partnership that requires you to create a specific LLC or PLLC that requires filing paperwork with the state and likely will require an attorney to review the paperwork.  This type of partnership allows you to run your own business, but share in the expenses of overhead costs.