There’s Always Going to be Tradeoffs


Let’s clear the air. Here’s the truth: there is no perfect scenario. Every role, every structure, every position in your career comes with its own set of trade-offs. That’s just how it is, and the sooner we accept that the better we can navigate our choices.

 

“Every role. Every structure. Every position has tradeoffs.”

As therapists, you’re constantly in pursuit of happiness, fulfillment, and maybe a bit of balance in your careers, but let’s face it—everywhere you look, there seems to be a lot of noise, with promises of the perfect job, the ideal practice, or the dream career. It all feels a bit too good to be true, doesn’t it?

Let’s clear the air. Here’s the truth: there is no perfect scenario. Every role, every structure, every position in your career comes with its own set of trade-offs. That’s just how it is, and the sooner we accept that the better we can navigate our choices.

As a CPA who works with group practices, I see this all the time. Whether it’s structuring compensation or deciding on career paths, there are always pros and cons.

  • W-2 Role: Offers stability, benefits, and support, but limits your flexibility.

  • 1099 Role: Provides autonomy and control, but comes with financial risk and fewer benefits.

  • Entrepreneurship: Gives you full freedom and ownership, but adds the burden of running a business.

The key is to choose your hard. There’s no perfect fit, only the right fit for you. Make an informed choice, embrace the trade-offs, and own it.

If you need guidance on navigating your career options or managing your finances, I’m here to help.

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The Financial Sanctuary: Why Therapists Need a CPA Who Understands Their World