Question
What are some mindset fundamentals and key mindset shifts that SLPs need to shift their thinking from clinical practice to business ownership?
Answer
SLPs interested in entrepreneurship need to learn about a growth mindset and the shift from a clinical to an entrepreneurial mindset, emphasizing the importance of mission, vision, and value proposition in business planning.
Transitioning to entrepreneurship requires speech-language pathologists (SLPs) to embrace several key mindset shifts. First, they must shift from a clinical to a business-oriented mindset, recognizing that running a successful business involves marketing, financial management, and strategic planning. SLPs need to view challenges as opportunities for growth, adopting a problem-solving approach rather than feeling overwhelmed. Embracing a mindset of continuous learning is crucial, as entrepreneurship demands acquiring new skills and staying updated with industry trends. SLPs should also cultivate resilience and adaptability, understanding that setbacks are part of the entrepreneurial journey. Developing confidence in their value and expertise helps SLPs advocate for themselves and their services, essential for building a thriving business. Finally, SLPs should work to develop their executive presence. Executive presence involves projecting confidence, clarity, and credibility. For SLPs transitioning to business ownership, it's essential to communicate effectively, make decisive decisions, and lead with authority. Executive presence helps in building trust with clients, employees, and other stakeholders, and is vital for establishing a strong professional image.
This ATE is an excerpt from the course, 20Q: Unlocking SLP Entrepreneurship: How to Build a Successful Private Practice, authored by Sonia Sethi Kohli, MS, CCC-SLP and Adrienne Wallace, MBA, MA, CCC-SLP.
