Notes

Building a Million Dollar Private Practice
Private practice professionals typically conduct an extremely personal, intimate service that address the biggest, most significant human needs, goals, and challenges imaginable. In any other industry the opportunity to solve such hugely critical problems would attract capital raising investment and make the providers of such expertise very wealthy.

Yet, why are so many practitioners struggling to obtain clients and make a living? They're motivated by ideals, not profits. They shy from calling focus on themselves, preferring to be of service to their clients. They resist marketing and so are uncomfortable asking for money. They undervalue their services, and for that reason, their services are undervalued.

Is really a Million Dollar Practice Possible?

Our social problems of divorce, unemployment, domestic violence, juvenile delinquency, stress, disease, depression, anxiety, are receiving worse, not better. Private practice professionals devote their lives to addressing these problems also it doesn't serve themselves or society should they devalue their contributions.

Just as inventive, entrepreneurial engineers and scientists create wealth by solving problems and advancing technology; private practice professionals could be just as inventive and entrepreneurial and create a successful and lucrative business that makes a big change addressing the social problems within their field of expertise.

There are numerous examples of helping professionals that have leveraged their expertise to build Multi-Million Dollar Practices, including Anthony Robbins (Neuro-Linguistic Programming), Jack Canfield (personal/professional development), John Gray (relationships), Deepak Chopra (mind/body/spirit), and many more. While most practitioners may not believe such success is possible for them, we've much to understand from how these and other Million Dollar Practices were developed that can be applied by most private practice professionals.

The Six Figure vs.The Million Dollar Practice

Many private practice professionals desire to create a "six-figure practice" as the pinnacle of professional and financial success. In the last 25 years I've helped a large number of private practice professionals build successful practices using creative business models, plus some have moved on to build six and seven figure businesses.

I've learned a whole lot about what works and what doesn't to obtain clients and build and market an effective private practice, and I'm fascinated with the idea that we don't have to settle for a "six figure practice;" we can make the world a better place and achieve significant financial success as well.

Comparing the Six Figure Practice and Million Dollar Practice

- The Six Figure Practice typically exchanges time for dollars - The Million Dollar Practice has multiple revenue streams

- The Six Figure Practice typically offers a standard service commonly found elsewhere - The Million Dollar Practice provides unique and creative services unavailable anyw here else

- The Six Figure Practice typically emphasizes quality service and benefits - The Million Dollar Practice emphasizes life-changing results

- The Six Figure Practice is normally made up of one practitioner and a few staff - The Million Dollar Practice is a collaboration of motivated partners providing complementary talents and contributions

- The Six Figure Practice seeks to create a comfortable living - The Million Dollar Practice seeks to create a social impact

M.I.S.S.I.O.N. of the Million Dollar Practice

Here are some key elements I observe that donate to the success of the Million Dollar Practice, using the acronym "MISSION:"

M- Message that resonates and provides people hope for answers to their biggest goals, problems, and fears.

I- Integrity of leaders, staff, promises, builds trust. They appear to walk their talk and for that reason no-one seems to begrudge their financial success.

S- Systems for efficient marketing, enrollment, product development, service delivery.

S- Sales certainly are a priority, and time, effort, and staff are focused on following up with prospects. They are not shy about charging for his or her services!

I- Inspiration motivates participants into action towards their desired results. check here recognize that their success depends upon the success of their clients.

O- Organization leverages relationships with media, staff, vendors, partners and participants for efficient and effective functioning, marketing and growth. The synergy of all the pieces working together creates a well-oiled machine that gets results for all involved.

N- Need addresses significant goal or challenge experienced by way of a large percentage of the populace. They're a pioneer and leader in meeting this need.

Seven Steps for Building Your Million Dollar Practice

1. Identify a substantial problem or need it is possible to address effectively

2. Develop your personal branded method of addressing this need

3. Publish related articles, books, programs, and products

4. Bring in associates, support staff, mentors- don't do that alone!

5. Market your services and products by speaking, writing, and networking

6. Create systems and build your company to become well-oiled machine

7. Dream big, play large, try to make the biggest social impact possible

As a private practice professional you have priceless expertise that may solve significant human problems, enhance quality of life, and make the world a better place for all those. You deserve professional and financial success. Your audience needs you and is looking forward to you to show up. My wish for you is that you will find ways to leverage your calling and gifts to meet up their needs and build a Million Dollar Practice doing so.

David Steele, MA, LMFT is founder of Relationship Coaching Institute and BuildingYourIdealPractice.com. For free usage of his audio programs "Ways to get Clients in Challenging Times" and "How to Choose a distinct segment" visit http://www.MillionDollarPractice.net
Website: https://postheaven.net/dahlhaugaard3/building-a-million-dollar-private-practice