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 overhead Whether 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®, EA** Email: [Ryan@unitedfpg.com](mailto:Ryan@unitedfpg.com) LinkedIn: https://www.linkedin.com/in/ryanderousseau/Website: https://thinkingcapfinancial.com/