Self-employed therapists often expand to group practice because demand for services is greater than the therapist’s availability, they see the potential for revenue generation, and have a vision that is larger than the single practitioner model.
But owning a group psychotherapy practice is not just an expansion of solo clinical work; it requires a different level of entrepreneurial acumen. While the owner of a solo practice is responsible for all aspects of running their own practice, the owner of a group practice is charged with the challenge of leading others and managing all financial, legal, and administrative aspects of the company.
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