I want to talk to you about something I like to call the "hamster wheel of high overhead.
It goes something like this...
You're in practice right now and you feel like you're just completely drowning in practice expenses.
Or...you want to start your own house care practice, but the idea of taking on the financial risk is completely freaking you out. So let me break down what this "hamster wheel of high overhead" is and what you can do about it.
So let's see if this sounds familiar...The typical health & wellness practice scenario that I'm seeing now in our industry is you have to start your health practice business with thousands of dollars in added debt.
You have to spend money on build up, getting the space ready, and buying all this equipment, and THEN you have to put thousands into it just to keep this thing going. You've got staff and expenses and maintenance and all of this stuff and end up spending thousands and thousands of dollars just to get a practice off the ground, let alone actually making a profit.
So you're thinking, "Ok, if I'm spending all this money on overhead, I'm going to have to see a lot of patients to be able to actually pay off the expenses and cover the bills, right let alone get a paycheck. So because I'm seeing a lot of patients I can only spend so much time with them because I need to cram in as many appointments into my practice as possible."
"And since I'm doing that I hope that I'm going to be making enough money to pay off the overhead. But just in case I'm not, I better start seeing even more patients."
It just becomes this hamster wheel of expenses, appointments, faster appointments, and you just find yourself burning outand just running through the cycle day in and day out.
You feel like you can't even get anywhere because all of my money has gone into your health care practice, and thinking, "I'm not even making anything! Heck I haven't even taken vacation!"
Because this cycle doesn't even make any business sense. You cannot build a thriving business if you're putting 50 percent of your money back into making it run.
Starting a House Call Practice: A Truly Profitable Health Care Business!
So what's the opposite of that. Well I'll tell you, when quit my high volume associateship as a chiropractor, I knew that I didn't want to dump $10,000, $20,000, $30,000 a month into overhead, and I thought, "Ok, I need to completely flip this model and do it, so I'm not dealing with the hamster wheel of high overhead."
And I figured out how to do it so could I actually work part time. How to actually spend more time with my patients. How can I actually make the money that I keep.
So if you feel like you're dealing with the hamster wheel of high overhead or you feel like you could and you're putting your plans on hold because you want to start a health & wellness or medical practice but the financial risk is freaking you out...