The M word. No one likes to talk about it. It can be challenging to respectfully negotiate sliding scale fees with clients much less bring down capitalism when we are struggling to deal with our own money feelings. We know. It's a lot. Certainly not the reason you wanted to start a private practice. Yet, it's a part of how we must take care of ourself and our practice. We have to pay the rent and take care of our needs. That's why we are here to guide you.
1. Begin with YOU. Most practitioners base their fees on what they think is ok to charge. The "what's ok to charge" fee is then based on unexamined value, guilt and worth issues. The "what's ok to charge" fee is also usually based on what we think our clients can pay. This logic relies on potenially inaccurate assumptions.
Instead: Add up what you need to make to cover your personal expanses and practice costs such as your space, supervision or consultation fees and taxes as well how much you can and want to work to choose your fees. Then you can determine your rate and how many sliding scale spaces you have in your practice.
2. Start with an accounting system and use it. You have two choices: Learn yourself or hire someone else to do your books. We get it- ANOTHER thing to learn or pay for? Ahhhhhh! But, trust us, you will probably save more money in the end (see #3) or at least days and weeks of tax season stress. It's not cute and totally avoidable.
3. Learn all about tax write off's. Sounds scary? This really just means keeping more of your money. You can do this. In fact, you probably can't afford not to. And even if you could, do you really want to give our current government more of your hard-earned money to fund war? Didn't think so. Learn what you can and can't write off right now and then go for it!
Overwhelmed just thinking about all this financial stuff? Luckily, here at the Peacock Course we have 3 dazzling new trainers to provide the self valuing, healing as well as practical money lessons we all need to build a thriving practice. You will also hear all their money mistakes so you don't have to make them in your practice.
You’ll also get:
- a fee setting workbook that includes everything you need to think about when choosing your fees
- a practice financial planning calculator
- several sliding scale systems that allow you to serve your communities and make a living
- a personal money healing book and support and accountability group
and much much more.
"I hate it but it's helping" -Real talk from a current Peacock course participant on doing personal emotional work around money in our lives to support our practices around budgeting, fee setting and boundaries as anti-capitalists who need to pay our rent.