How hard is it to set up a psychiatry private practice?

[Brooke12]

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I'm interested in psychiatry, particularly child and adolescent psych, and am wondering how hard it is to set up a psychiatry private practice?

Where do referrals come from?
What types of work schedules could one sustain a solid practice with?
What will be your biggest bread and butter money maker in the practice?
Would one have a lot of free time to still enjoy life?

 

[hereandnow]

I don't have personal experience with this -- here are just some links to some sources that might be helpful:

http://books.google.com/books?id=83...X&oi=book_result&resnum=10&ct=result#PPA32,M1

http://books.google.com/books?id=oJ...&hl=en&sa=X&oi=book_result&resnum=9&ct=result

http://books.google.com/books?id=Z9...&hl=en&sa=X&oi=book_result&resnum=8&ct=result

One thing that I am aware of, though, is that at least anecdotally the economy appears to have negatively impacted the number of higher end full-fee private practice cash clients [$200+/hour] for some of my mental health professional friends. Still everyone seems to be doing fine -- or at least well enough.

 

[whopper]

If I remember correctly, the APA will help those wanting to start a practice with various resources.