The Private Practice Checklist

Starting a private practice comes with unique financial responsibilities. In this episode of Thinking Solo, host Ryan Derousseau, CFP®, EA, walks through a practical financial checklist that can help business owners build a solid foundation. While this discussion is particularly relevant for therapists, psychologists, physicians, and other healthcare professionals, the principles can be applied to entrepreneurs across various service-based industries. In this episode, you'll learn:• Why taking action while planning can be critical for your business launch• Considerations for choosing the right business structure for your profession• The importance of separating personal and business finances from the start• Bookkeeping tools that may help your business stay organized• Approaches to preparing for self-employment taxes• Replacing benefits when transitioning from a traditional job• How to calculate the revenue your business may need to generate• Why pricing strategies should account for taxes, insurance, and overheadWhether you are launching a private practice or a new service-based business, this episode offers a roadmap to help you navigate your early entrepreneurial journey and focus on building a business that supports your long-term goals. #PrivatePractice #FinancialPlanning #SmallBusinessTips #Entrepreneurship #ThinkingSolo #FinancialChecklist—Connect with Ryan Derousseau, CFP®, EAEmail: [email protected] LinkedIn: https://www.linkedin.com/in/ryanderousseau/Website: https://thinkingcapfinancial.com/