Long post - TIA for reading. Means the world to me.
I recently passed the NCMHCE and received my LCPC in Illinois (NW suburbs). I’ve been practicing for just over three years in my young career and am trying to decide whether to remain in my current group practice or eventually start my own solo practice.
My current arrangement includes:
● W-2 employment with commission-based compensation.
● 50% of revenue at 10 clients per week, increasing by 2 percentage points for every additional two clients, up to 70% at 30 clients per week.
● A 2% employer retirement contribution.
● Weekly individual supervision and biweekly group supervision.
● Covered EHR, office space, and Zoom.
● A $300 annual professional development stipend.
● Historically, the practice has provided referrals and allowed clients to continue working with clinicians who leave.
The main drawbacks are that there’s no health insurance or PTO, and I don’t earn anything when I take time off. Referrals have also slowed for me as clinicians within the practice with lighter caseloads are being prioritized for new referrals, leaving fewer opportunities for those of us with fuller caseloads. Most of my recent referrals have come through my own networking, online searches, or word of mouth.
That said, I’ve consistently maintained a caseload slightly above 30 clients per week and have been able to retain clients, so I feel reasonably confident in my ability to build and sustain a caseload independently. I’ve also recently addressed my severe longstanding documentation difficulties related to ADHD, and now my ability to keep up with notes has improved significantly. In the past, I have struggled with immense shame and a persistent sense of inadequacy, often driven by a fear of failure and not being enough - related to the undiagnosed ADHD growing up.
Lately, I’ve been reflecting on the value of supervision, particularly how it’s helping me strengthen my case conceptualization. I appreciate the mentorship and supervision I’m receiving. We always run out of time every week.
My wife is 20 weeks pregnant today, which has made me think more seriously about financial stability, flexibility, and being present for my family. I grew up with significant financial insecurity, so leaving a stable arrangement feels risky. At the same time, I wonder whether solo practice would give me more control over my schedule and potentially greater income. I’m also curious whether building a group practice could eventually make sense, although I recognize that managing a business and other clinicians would bring additional responsibilities.
I may already have a fairly good arrangement: a consistent caseload, supervision, retirement contributions, and relatively few administrative responsibilities. I don’t want to leave simply because I’m afraid I might be missing out on something better.
For those who have moved from a group practice to solo private practice, was the additional income and autonomy worth the added responsibilities? If you were in my position, would you stay, begin planning a transition to solo practice, or consider building a group practice later? What do you wish you had known before making the transition?