It is important to know how much you plan to spend before you start spending anything on your private practice.
You need to know what your operating costs are going to be as you will need to have the funds saved up in order to move into private practice. This is to ensure that you can sustain the business while you are growing your client base.
Most new businesses run at a loss for the first few months, so you need to have cash reserves to cater for this.
- Practice Rental.
- Telephone and internet fees.
- Marketing budget.
- Monthly office expenses (coffee, cleaning materials etc).
- Registration fees.
- Software fees.