The title of this blog is inspired by the Jack Nicklaus classic “Golf My Way,” but that’s where the similarities end. As I’ve talked about in other blogs, running a mental health practice is not the same as developing muscle memory for a golf swing, increasing endurance for a triathlon, or any other sports-related skill for a sports-related activity. If it was, I’d be advising you to, “Get in the game before you’re ready!” and, “Get injured!”
Because in business you must:
1. Recognize mistakes are inevitable and stop being afraid of them.
2. Mitigate the fear of making a mistake by maintaining an emergency fund and/or paycheck-based day job, supportive partner income, or line of credit so those mistakes don’t take your business down.
3. Persist. Never quit. Don’t give up.
Like most of you I started my practice as a solo practitioner. Within five years I added a continuing education component (The 40 Hour Supervisor Training), a non-profit (Ann’s Place), and I had several therapists working with me and from whom I took a percentage of their profits (fee-splitting).
I made a LOT of money.
Unfortunately, taking a percentage of another therapist’s income, while one of the most profitable components of my practice, was also unethical.
When I recognized that fee-splitting was not the proper way to make money in private practice I dropped that component like D’Onta Foreman dropped the ball against Texas Tech in 2016 (see what I did there?).
That was a HUGE blow to my income (I talk about this more in the DVD “My Favorite Mistakes”).
If I hadn’t had an emergency fund I don’t think I would have survived and thrived.
Now, after ten years in practice, I am on the constant hunt for systems, software, gadgets, and hacks to streamline my practice, save time and money, and increase profit and life balance.
Now that I think about it, I do have a favorite sports metaphor. My dearly departed dad was kind of a super hero to me and he kept a sign above the family weight room (another story for another blog) that said, ‘No Pain – No Gain.’ In business if you aren’t willing to accept that there will be some pain (making mistakes, losing money, wasting time) you will never get to experience the gain. At Kate Walker Training we want to help you achieve your highest potential! If you would like free weekly tips, tricks, hacks, cheap resource ideas, and systems to make your that journey MUCH easier, sign up for our newsletter below!