Opening a private practice is a significant milestone in many psychologists’ careers. It’s an adventure that allows you to put your years of training to use and help people while operating on your own terms. You’ll be your own boss, make your own schedules, and have more autonomy over your practice.

However, success in private psychology practice doesn’t just depend on your level of training or experience. You’ll need to combine your clinical knowledge with the business aspect of your practice. Just like every other type of business, running a private practice has its challenges, especially during the initial years. It requires a lot of hard work since you’ll most likely be working long hours.…