Factors That Keep Most Psychologists From Establishing Counseling Businesses

Several factors keep most psychologists from establishing counseling businesses.

The first factor that keeps most psychologists from establishing counseling businesses is lack of capital. Establishing a proper counseling center is not just a question of renting an office room and placing a couch there. Much more is required, to not only set up the counseling center, but also to publicize it so that it can start receiving clients.

The second factor that keeps most psychologists from establishing counseling business is fear that there may not be enough demand for their services. This is a genuine concern, for there are parts of this world where people facing personal problems don’t see counseling as a potential solution. So it is possible, in such places, to establish a counseling business, and end up burning your fingers. That is unless one can get contracts for counseling services provision from institutional clients.

The third factor that keeps most psychologists from establishing counseling businesses is lack of business skills. We have some counseling psychologists who have adequate capital, and who happen to be operating in places where demand for counseling services is reasonably good. But they lack business skills, and some even lack the entrepreneurial thinking that would motivate them to think about setting up businesses in the first instance.