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# Branching out - Side Incomes for Therapists

Susan Day
0 Comments
June 14, 2017

## Branching out - Side Incomes for Therapists

Once you start your private practice, you are your own boss. On top of choosing a specialization, you are able to decide whether or not you want to branch out into other areas where psychiatric or therapeutic assistance are needed.

## Work Variety

As long as these activities do not interfere with the main workings of your private practice, they are not only a good source of income, but make a nice change to the daily grind. Now that you have the power to spend your time doing what you love to do, you can introduce variety into your work.

Branching out - Side Incomes for Therapists

## Sources of Side Income:

As a therapist there are a few options available:

Oversee and get involved in drug trials

Speak for, and partner with, pharmaceutical companies

Help with forensic evaluations

Do disability and worker’s compensation evaluations

Provide weekend psychiatric coverage for inpatient units

## Income vs. Work-Life Balance

Becoming a private practitioner is likely to boost your income. You can charge more for your services than in an institutional setting. In addition, you can branch out and offer your services in other contexts. That’s is the great freedom a private practice offers.

However, another great advantage is the ability to create your own work-life balance. When taking on additional work, think about whether or not you have the capacity to do it. Burning out and cracking under stress doesn’t help you, your practice, or your patients.

Let Therasoft ease the stress of all your documentation.