In this episode, host Jen Blanchette dives into the challenging decision therapists face when considering closing their practice or transitioning out of the field. Whether you're in private practice or agency work, the uncertainty of such a big shift is real—but you're not alone. Jen offers practical insights to help you evaluate if it's time to make a change and shares her personal experiences, including navigating burnout, financial considerations, and the emotional toll of solo practice.
What You’ll Learn in This Episode:
- Evaluating Financial Viability:
- How to assess whether your practice is financially sustainable.
- The importance of understanding your personal finance needs and setting clear income goals.
- Tools and resources, including Rameet Sethi’s Conscious Spending Plan, to help calculate your financial situation.
- Recognizing Burnout Symptoms:
- The key burnout signs defined by the World Health Organization, including emotional exhaustion, increased cynicism, and reduced professional efficacy.
- How these symptoms might show up in your practice and what they could mean for your future.
- Combatting Loneliness in Solo Practice:
- Why isolation can be a hidden challenge for therapists in private practice.
- Jen’s reflections on the value of workplace camaraderie and how leaving solo practice revealed what was missing.
Other Highlights from the Episode:
- Reflections on deductible season and navigating the financial logistics of private practice in January.
- Jen’s personal journey with seasonal depression and menopause while managing a therapy practice.
- How starting a practice during the pandemic added unique challenges for many therapists.
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