WP129 | Building Sustainable Impact and Income with Michelle Risser, LISW-S

When Michelle launched her private practice, she had a vision of helping clients and building a thriving business. But reality set in quickly—insurance reimbursements were low, and back-to-back sessions left her drained. She found herself trapped in the exhausting cycle of overbooking, desperately trying to keep up with fluctuating client demand.

Like many therapists, Michelle had been told that a packed caseload was a sign of success. Instead, it felt like a direct path to burnout. She knew there had to be a better way—one that allowed her to continue serving clients without sacrificing her own well-being. That’s when she discovered the power of diversifying her income.

By stepping beyond the traditional therapy model, Michelle unlocked financial stability, professional growth, and the freedom to build a business that truly worked for her. Here’s how she—and many other therapists—are redefining success.

The Challenge of Traditional Therapy Models

When Michelle first started her private practice, she quickly realized that relying solely on client sessions wasn't sustainable. Insurance reimbursements were low, and increasing her caseload only led to exhaustion. Like many therapists, she faced the common cycle of overbooking: when client demand was low, she’d take on more, only to become overwhelmed when old clients returned.

This struggle—common among therapists—highlighted the need for alternative revenue streams. Many professionals are told that a full caseload is a “good problem to have,” but for Michelle, it was simply a fast track to burnout.

The Benefits of Multiple Streams of Income

Diversifying work allows professionals to:

  • Prevent burnout – Sitting in the therapist’s chair all day can be draining, no matter how much you love the work. Having different types of work keeps things fresh.

  • Increase financial security – Multiple income sources provide stability, reducing reliance on a single revenue stream.

  • Enhance professional growth – Engaging in teaching, consulting, or other projects deepens expertise and keeps things exciting.

  • Enjoy more flexibility – Passive income and alternative work allow for vacations, rest, and a more balanced schedule.

For Michelle, exploring opportunities beyond one-on-one therapy was a game-changer.

Finding Your Unique Expertise

When considering how to diversify, Michelle encourages professionals to reflect on their unique expertise using the acronym KEEP:

  • Knowledge – What do you know? What topics or skills have you developed?

  • Education – What degrees, certifications, and formal training do you have?

  • Experience – What professional and personal experiences have shaped your expertise?

  • Passion – What do you love doing? What topics do you find yourself drawn to?

Michelle’s journey naturally led her to teaching CEUs, consulting, and creating online courses—opportunities that aligned with her background and interests.

Alternative Paths for Therapists

Many therapists believe that starting a group practice is the only way to increase income, but there are many other options, such as:

  • Teaching CEUs

  • Coaching and consulting

  • Offering intensives or workshops

  • Creating online courses

  • Writing books or guides

  • Providing supervision or mentorship

The key is identifying what resonates with you and what is needed in your community.

Building a Business That Works for You

Michelle’s biggest takeaway? Listen to your audience. When she first launched a burnout course for therapist moms, she found that the very people she wanted to help didn’t have the time or energy to engage. Instead, her CEU offerings naturally took off—so she followed the demand.

As she puts it, sometimes your business will show you the path—you just have to be willing to follow it.

If you’re considering diversifying your work, start small. Identify your strengths, test new ideas, and refine your offerings. Whether you choose CEUs, coaching, writing, or a combination of several, you’ll gain the freedom, stability, and fulfillment that comes with a well-rounded career.

Michelle Risser’s Resources

Website

Free CEU Course Planning Checklist

Work with Michelle 1:1

Instagram

Facebook

Links and Resources

The Wise Practice Summit

Looking for support and connection: Join the Wise Practice Community

Learn More about Wise Practice Consulting

Connect with Wise Practice on Instagram

Connect with Whitney Owens on Facebook

Check the podcasts on the PsychCraft Network

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WP128 | When Doing It Isn't Doing It Anymore with Christy Pennison and Stephanie Korpal