Guest guest Posted November 18, 2004 Report Share Posted November 18, 2004 Hello everyone! I would just like to give a brief introduction of myself as well as ask a few questions about TCM: My name is Jeremy and I am a 25-year-old living in Austin, Texas and working for the local government as a Geographic Information Systems Technician. GIS is basically " computer cartography " . While I do like this field, I have lately begun to want something different... I had looked around at different professions that involve helping other people as this is the type of career I would like to have. Nursing, Massage Therapy, Dietetics, Personal Training are all fields that I had been considering. Well, a few weeks ago I was in a local Asian gift and herbal supplies store (I am highly fascinated with Asian culture) and noticed that they had a small acupuncture clinic there. I had never considered such a profession before, although acupuncture had always interested me. I later went online to figure out what kind of training the practitioners had to go through, and that's when I discovered that we had two colleges of Traditional right here in Austin! I honestly can't explain the excitement I felt when I first made this discovery! I had no clue that these colleges (or this profession) existed until that point, yet it was something that would let me combine my desire to help heal other people with my love for Asian culture. I then decided that I had to learn everything I could about this wonderful profession. There are many things that excite me, many things that concern me, and many other things that I'm unsure of. I guess I will just list everything out to make it easier to read: - The college I want to attend: http://www.aoma.edu - Cost of the full program: $40,000 (which will all have to be student loans) - I work full-time and do not have the option of quitting work, so I will have to be a part-time student and finish a few years later - I am having a hard time finding information as far as what kind of income can be earned in this profession. I know that it varies but I've been told that the earnings posted here are way above average and completely unrealistic: http://acufinder.com/schools/faq_answers.asp#2a So, I guess what I have to do now is decide whether or not it is worth going into and if I can make it as a practitioner of TCM. I have heard many stories from other practitioners about how difficult it is to make any money and a lot of it really worried me. I definitely don't want to go to school for 5+ years and go $40K into debt for something that is not going to pay the bills. If anyone has any advice, I would appreciate it tremendously! Also, I apologize for the length of this post... I just wanted to make sure I included everything. Thank you for your time. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 18, 2004 Report Share Posted November 18, 2004 Hi Jeremy - You don't mention whether or not you have ever experienced TCM; if not, I would recommend that you first learn more about it from the point of view of a patient. I can give you a biased opinion about AOMA - as a recent graduate, I feel that the level of instruction and clinical supervision there was terrific. They also offer a 'Study in China' program in Chengdu that was most informative. Best course of action would probably be to go to the student clinic (as a patient, perhaps) and get feedback from them about the program, TCM in general, etc. TCM students are more than happy to share their knowledge and experiences. As far as taking your time to complete the program is concerned, I think that's a great idea. Of necessity, I finished in under four years. Looking back, I feel it would have been great if I could have loaded my clinic hours more to the end; finishing the didactic instruction and then having 12 - 15 months of clinic only would be good. Starting a practice is challenging, and income can take time to build - but if this is your passion, then it's more than worth it. So, check it out. You'll know if this is your path or not. Good luck - Kim Jeremy <jeremy_read20 wrote: Hello everyone! I would just like to give a brief introduction of myself as well as ask a few questions about TCM: My name is Jeremy and I am a 25-year-old living in Austin, Texas and working for the local government as a Geographic Information Systems Technician. GIS is basically " computer cartography " . While I do like this field, I have lately begun to want something different... I had looked around at different professions that involve helping other people as this is the type of career I would like to have. Nursing, Massage Therapy, Dietetics, Personal Training are all fields that I had been considering. Well, a few weeks ago I was in a local Asian gift and herbal supplies store (I am highly fascinated with Asian culture) and noticed that they had a small acupuncture clinic there. I had never considered such a profession before, although acupuncture had always interested me. I later went online to figure out what kind of training the practitioners had to go through, and that's when I discovered that we had two colleges of Traditional right here in Austin! I honestly can't explain the excitement I felt when I first made this discovery! I had no clue that these colleges (or this profession) existed until that point, yet it was something that would let me combine my desire to help heal other people with my love for Asian culture. I then decided that I had to learn everything I could about this wonderful profession. There are many things that excite me, many things that concern me, and many other things that I'm unsure of. I guess I will just list everything out to make it easier to read: - The college I want to attend: http://www.aoma.edu - Cost of the full program: $40,000 (which will all have to be student loans) - I work full-time and do not have the option of quitting work, so I will have to be a part-time student and finish a few years later - I am having a hard time finding information as far as what kind of income can be earned in this profession. I know that it varies but I've been told that the earnings posted here are way above average and completely unrealistic: http://acufinder.com/schools/faq_answers.asp#2a So, I guess what I have to do now is decide whether or not it is worth going into and if I can make it as a practitioner of TCM. I have heard many stories from other practitioners about how difficult it is to make any money and a lot of it really worried me. I definitely don't want to go to school for 5+ years and go $40K into debt for something that is not going to pay the bills. If anyone has any advice, I would appreciate it tremendously! Also, I apologize for the length of this post... I just wanted to make sure I included everything. Thank you for your time. http://babel.altavista.com/ and adjust accordingly. If you , it takes a few days for the messages to stop being delivered. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Hello Jeremy, I got into acupuncture after doing computer work for 12 years. I felt a strong drive and passion to do it and I am so very glad I did it even though it has really set me back financially. As far as making money, to be honest I would probably have been better off staying in the computer world. But there is more to life than being in a job you hate even if it makes lots of money. Making $45K in your first year out of school is certainly possible but keep in mind that you will have expenses on top of that to run your practice so you could probably count on netting half of that. Netting 50K - 80K after several years in practice is certainly possible but you will have to make that happen as it will be entirely up to you and your ability to market yourself and get results with patients. Acupuncture is actually fairly demanding work. It looks exotic and romantic, but it takes a lot of energy to see patients everyday and be strong enough energetically to help them. I found that it has forced a lot of my own personal growth. Facing my own demons and working through my own issues. This takes a lot of energy and courage to really do that. I find that patients can really tell if I am anything but grounded and honest. Learn all you can about TCM before you commit to a course of study. Be a patient, talk to students as well as practicing acupuncturists in your area. Read some books on the subject. The best introduction to TCM out there I think is " The Web that has no Weaver " by Ted Kaptchuk. If you feel that fire in your belly to do this kind of work after getting a realistic understanding of what it entails then you will know that it is for you. Best of luck! Chris Jeremy [jeremy_read20] Thursday, November 18, 2004 3:06 PM Chinese Medicine New to the group and a potential TCM student: Hello everyone! I would just like to give a brief introduction of myself as well as ask a few questions about TCM: My name is Jeremy and I am a 25-year-old living in Austin, Texas and working for the local government as a Geographic Information Systems Technician. GIS is basically " computer cartography " . While I do like this field, I have lately begun to want something different... I had looked around at different professions that involve helping other people as this is the type of career I would like to have. Nursing, Massage Therapy, Dietetics, Personal Training are all fields that I had been considering. Well, a few weeks ago I was in a local Asian gift and herbal supplies store (I am highly fascinated with Asian culture) and noticed that they had a small acupuncture clinic there. I had never considered such a profession before, although acupuncture had always interested me. I later went online to figure out what kind of training the practitioners had to go through, and that's when I discovered that we had two colleges of Traditional right here in Austin! I honestly can't explain the excitement I felt when I first made this discovery! I had no clue that these colleges (or this profession) existed until that point, yet it was something that would let me combine my desire to help heal other people with my love for Asian culture. I then decided that I had to learn everything I could about this wonderful profession. There are many things that excite me, many things that concern me, and many other things that I'm unsure of. I guess I will just list everything out to make it easier to read: - The college I want to attend: http://www.aoma.edu - Cost of the full program: $40,000 (which will all have to be student loans) - I work full-time and do not have the option of quitting work, so I will have to be a part-time student and finish a few years later - I am having a hard time finding information as far as what kind of income can be earned in this profession. I know that it varies but I've been told that the earnings posted here are way above average and completely unrealistic: http://acufinder.com/schools/faq_answers.asp#2a So, I guess what I have to do now is decide whether or not it is worth going into and if I can make it as a practitioner of TCM. I have heard many stories from other practitioners about how difficult it is to make any money and a lot of it really worried me. I definitely don't want to go to school for 5+ years and go $40K into debt for something that is not going to pay the bills. If anyone has any advice, I would appreciate it tremendously! Also, I apologize for the length of this post... I just wanted to make sure I included everything. Thank you for your time. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Jeremy, I posted a message 10200 which you can read which addresses your questions. You can help answer your own question by asking yourself what type of practice do you want, or atleast how many patients per week would you like to be treating or need to be treating to support your lifestyle? Then ask yourself if you think you can go out and get that many patients. Talk to practitioners who are successful and ask them how they got patients. Do you think you'll be able to go out and get that many. Personality plays a role here and often governs how quickly you can get the thing moving. Are you comfortable with talking to people and interacting with the public? Do you have a fiery personality? There are three acupuncturists I know of making over 500K a year, one who apparently broke one mil. Of course, this is not average, but is possible. But what you do with it depends on what you want to do. But the bottom line is, when the soul's knocking on your door to go help people, it's a hard thing to ignore. --brian Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Just wanted to thank the people who have replied so far. Your words are really helping me see the pros and not focus so much on the cons. I have a meeting tomorrow evening to tour the campus and ask questions, sit through a class, etc. I'm so excited that I can't wait for tomorrow to get here! Chinese Medicine , " briansbeard " <brian_s_beard@h...> wrote: > > > Jeremy, > > I posted a message 10200 which you can read which addresses your > questions. > > You can help answer your own question by asking yourself what type of > practice do you want, or atleast how many patients per week would you > like to be treating or need to be treating to support your > lifestyle? Then ask yourself if you think you can go out and get > that many patients. Talk to practitioners who are successful and ask > them how they got patients. Do you think you'll be able to go out and > get that many. Personality plays a role here and often governs how > quickly you can get the thing moving. Are you comfortable with > talking to people and interacting with the public? Do you have a > fiery personality? > > There are three acupuncturists I know of making over 500K a year, one > who apparently broke one mil. Of course, this is not average, but is > possible. But what you do with it depends on what you want to do. > > But the bottom line is, when the soul's knocking on your door to go > help people, it's a hard thing to ignore. > > --brian Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Jeremy wrote: > Hello everyone! I would just like to give a brief introduction of > myself as well as ask a few questions about TCM: Hi Jeremy! The only people I know who are doing even OK financially in TCM are people who had a *lot* of money going in. You are not in that situation so I want to say you should expect to be downright poor for a *long* time after you graduate. Poor as in poverty stricken, even. " Ill housed, ill clothed, ill fed . . . " I started my own clinic two years ago. I have three patients in the slow season and maybe ten in the tourist season. The stumbling block is Medicare not covering it. Because they don't, over half of the insurers don't either. It has been proposed for ten years that it be covered but it has not happened. If you *love* TCM and don't mind working hard for nothing, have at it. That is how most of us are, except those who started out rich, or have rich spouses, lovers, daddies - you know. Oh, yeah. Don't open a clinic in any town that has a TCM school, you have to compete with the student clinic that charges $25 for the full service visit. There are two TCM schools in my town. Regards, Pete Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 HI Jeremy, Other people on the group have gone into the detail of your question more than I will now.I just have some questions you need to ask yourself and maybe the answer will emerge by itself. Do you want to spend one third of your life doing something that you dislike or are bored with? Are you prepared to take BIG financial and emotional risks and BACK yourself as a winner? It is my experience that LIFE prods and wants us to take risks to challenge ourselves. Self esteem really comes from taking a chance in what you believe,making it happen for yourself,and achieving something that you KNOW is difficult or your mind seems unable to grasp. Asking questions is fine and appropriate but is similar to asking what is the view going to be like during a marathon,it will look different to different people, sometimes its plain sailing mostly its hard work AND like the marathon JUST KEEP GOING once you enter the race,move forward at all times no matter how slow.YOU will know only by doing, then you will never die wondering. Regards Ray Ford ---- Chinese Medicine Friday, 19 November 2004 7:56:49 PM Chinese Medicine Re: New to the group and a potential TCM student: Just wanted to thank the people who have replied so far. Your words are really helping me see the pros and not focus so much on the cons. I have a meeting tomorrow evening to tour the campus and ask questions, sit through a class, etc. I'm so excited that I can't wait for tomorrow to get here! Chinese Medicine , " briansbeard " <brian_s_beard@h...> wrote: > > > Jeremy, > > I posted a message 10200 which you can read which addresses your > questions. > > You can help answer your own question by asking yourself what type of > practice do you want, or atleast how many patients per week would you > like to be treating or need to be treating to support your > lifestyle? Then ask yourself if you think you can go out and get > that many patients. Talk to practitioners who are successful and ask > them how they got patients. Do you think you'll be able to go out and > get that many. Personality plays a role here and often governs how > quickly you can get the thing moving. Are you comfortable with > talking to people and interacting with the public? Do you have a > fiery personality? > > There are three acupuncturists I know of making over 500K a year, one > who apparently broke one mil. Of course, this is not average, but is > possible. But what you do with it depends on what you want to do. > > But the bottom line is, when the soul's knocking on your door to go > help people, it's a hard thing to ignore. > > --brian Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Thanks again for the replies! It looks like I may have to keep working and maybe do acupuncture on the side for awhile until I get a good number of patients. Does this sound like another possibility? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 19, 2004 Report Share Posted November 19, 2004 Jeremy's post shows a glaring lack of information that is getting harder to accept as time goes on: we have no reliable data about what acupuncturists/OM practitioners earn. This is really unacceptable when you consider the number of acupuncture schools surfacing to handle the influx of new students. If anyone on this list works with the Council of Colleges, perhaps they can encourage them to do a proper study. While some schools may struggle financially, others are doing quite well and the Council of Colleges is one of the most financially flush acupuncture/OM organizations we have. Potential students like Jeremy should have better information to go on about a perfectly reasonable question anyone would ask before making such a life-changing decision. Matt Bauer - Jeremy Chinese Medicine Thursday, November 18, 2004 2:06 PM New to the group and a potential TCM student: Hello everyone! I would just like to give a brief introduction of myself as well as ask a few questions about TCM: My name is Jeremy and I am a 25-year-old living in Austin, Texas and working for the local government as a Geographic Information Systems Technician. GIS is basically " computer cartography " . While I do like this field, I have lately begun to want something different... I had looked around at different professions that involve helping other people as this is the type of career I would like to have. Nursing, Massage Therapy, Dietetics, Personal Training are all fields that I had been considering. Well, a few weeks ago I was in a local Asian gift and herbal supplies store (I am highly fascinated with Asian culture) and noticed that they had a small acupuncture clinic there. I had never considered such a profession before, although acupuncture had always interested me. I later went online to figure out what kind of training the practitioners had to go through, and that's when I discovered that we had two colleges of Traditional right here in Austin! I honestly can't explain the excitement I felt when I first made this discovery! I had no clue that these colleges (or this profession) existed until that point, yet it was something that would let me combine my desire to help heal other people with my love for Asian culture. I then decided that I had to learn everything I could about this wonderful profession. There are many things that excite me, many things that concern me, and many other things that I'm unsure of. I guess I will just list everything out to make it easier to read: - The college I want to attend: http://www.aoma.edu - Cost of the full program: $40,000 (which will all have to be student loans) - I work full-time and do not have the option of quitting work, so I will have to be a part-time student and finish a few years later - I am having a hard time finding information as far as what kind of income can be earned in this profession. I know that it varies but I've been told that the earnings posted here are way above average and completely unrealistic: http://acufinder.com/schools/faq_answers.asp#2a So, I guess what I have to do now is decide whether or not it is worth going into and if I can make it as a practitioner of TCM. I have heard many stories from other practitioners about how difficult it is to make any money and a lot of it really worried me. I definitely don't want to go to school for 5+ years and go $40K into debt for something that is not going to pay the bills. If anyone has any advice, I would appreciate it tremendously! Also, I apologize for the length of this post... I just wanted to make sure I included everything. Thank you for your time. http://babel.altavista.com/ and adjust accordingly. If you , it takes a few days for the messages to stop being delivered. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 Jeremy, The more you plan ahead for the change the better. Having a well thought out transition plan is well worth the effort. If you survive the first three years odds are you'll stay with it. I agree with matt, it is a problem that there is no reliable information about salaries or percent of practitioners still practicing after five yeears. I've asked a number of people what percentage of graduates go on to have successful practices and I come up with 25-35% consistently, but no one has any data to back this up with. Does anyone else have a feeling. WRT money issues, I once heard a chiropractor say, " to get into chiropractice school you have to be weird. the admissions office will ask you are you weird? if you say yes then you're allowed in. Acupuncture school is similar except you have to be weird AND have issues with money. " All of the AP's burst out laughing. There is truth there. Chinese Medicine , " Jeremy " <jeremy_read20> wrote: > > > Thanks again for the replies! > > It looks like I may have to keep working and maybe do acupuncture on > the side for awhile until I get a good number of patients. Does this > sound like another possibility? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 I remember reading 7 years ago that " 82% of acupuncturists are not practicing acupuncture as a primary occupation within 5 years of graduation " . There's a very high failure rate. Personally, I think that has a lot to do with how good a person is at running a business. I've seen some very intelligent, compassionate and knowledgeable acupuncturists sink like a stone because they can't handle marketing, bookkeeping, or lack people skills. _____ briansbeard [brian_s_beard] Friday, November 19, 2004 5:02 PM Chinese Medicine Re: New to the group and a potential TCM student: Jeremy, The more you plan ahead for the change the better. Having a well thought out transition plan is well worth the effort. If you survive the first three years odds are you'll stay with it. I agree with matt, it is a problem that there is no reliable information about salaries or percent of practitioners still practicing after five yeears. I've asked a number of people what percentage of graduates go on to have successful practices and I come up with 25-35% consistently, but no one has any data to back this up with. Does anyone else have a feeling. WRT money issues, I once heard a chiropractor say, " to get into chiropractice school you have to be weird. the admissions office will ask you are you weird? if you say yes then you're allowed in. Acupuncture school is similar except you have to be weird AND have issues with money. " All of the AP's burst out laughing. There is truth there. Chinese Medicine , " Jeremy " <jeremy_read20> wrote: > > > Thanks again for the replies! > > It looks like I may have to keep working and maybe do acupuncture on > the side for awhile until I get a good number of patients. Does this > sound like another possibility? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 Hi Jeremy My view is that working (at computers) part time while studying and starting your practice sounds very wise - if you can *get* P/T work on computers. All the best, David Gordon CMIR, MBRCP(Amma, Tao-Yin), DCHA, Dip Tuina, Dip Tao-Yin, Postgrad Dip Chinese Jeremy wrote:- --------------- Message: 18 Fri, 19 Nov 2004 16:34:52 -0000 " Jeremy " <jeremy_read20 Re: New to the group and a potential TCM student: Thanks again for the replies! It looks like I may have to keep working and maybe do acupuncture on the side for awhile until I get a good number of patients. Does this sound like another possibility? ===== David Gordon Jun Heng Clinic Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 Matt Bauer wrote: > Jeremy's post shows a glaring lack of information that is getting > harder to accept as time goes on: we have no reliable data about what > acupuncturists/OM practitioners earn. This is really unacceptable > when you consider the number of acupuncture schools surfacing Hi Matt! The schools have a vested interest in keeping the truth about AP income potential at bay. They get their money out front, if people knew how hard it was to ever recoup your tuition the schools would take a huge hit. Regards, Pete Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 82% is actually about the failure rate of business startups in general and not just for acupuncture. I totally agree that those that succeed with their acupuncture business are savvy business people as well as compassionate and knowledgeable acupuncturists with good people skills. For all businesses, it is imperative to have a good well researched business plan, do a lot of research into demographics and pick a good area to setup and have the financial clout to survive two or more years with little or no income while the business grows. Why should acupuncture be any different? It seems that once they get their license to practice acupuncture, many people assume that people will just start knocking on their door for a treatment. Building an acupuncture practice will likely take about as much time and money as their TCM education and a whole lot more effort. It takes hard work to build any business. I only had 45 hours out of 3000 hours of TCM training for practice management. It was an awesome course, but not nearly enough. Chiropractors spend a whole lot more time with practice management, and it shows in how much better they are at marketing. In my very biased opinion, our medicine is superior, but we are not well trained on how to market and run a business. Barb [bbeale] Friday, November 19, 2004 6:32 PM Chinese Medicine RE: Re: New to the group and a potential TCM student: I remember reading 7 years ago that " 82% of acupuncturists are not practicing acupuncture as a primary occupation within 5 years of graduation " . There's a very high failure rate. Personally, I think that has a lot to do with how good a person is at running a business. I've seen some very intelligent, compassionate and knowledgeable acupuncturists sink like a stone because they can't handle marketing, bookkeeping, or lack people skills. _____ briansbeard [brian_s_beard] Friday, November 19, 2004 5:02 PM Chinese Medicine Re: New to the group and a potential TCM student: Jeremy, The more you plan ahead for the change the better. Having a well thought out transition plan is well worth the effort. If you survive the first three years odds are you'll stay with it. I agree with matt, it is a problem that there is no reliable information about salaries or percent of practitioners still practicing after five yeears. I've asked a number of people what percentage of graduates go on to have successful practices and I come up with 25-35% consistently, but no one has any data to back this up with. Does anyone else have a feeling. WRT money issues, I once heard a chiropractor say, " to get into chiropractice school you have to be weird. the admissions office will ask you are you weird? if you say yes then you're allowed in. Acupuncture school is similar except you have to be weird AND have issues with money. " All of the AP's burst out laughing. There is truth there. Chinese Medicine , " Jeremy " <jeremy_read20> wrote: > > > Thanks again for the replies! > > It looks like I may have to keep working and maybe do acupuncture on > the side for awhile until I get a good number of patients. Does this > sound like another possibility? Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 Amen to that!!! How many brilliant people go to college for 3,4 maybe up to 10 years, and go kaput over people skills. John Garbarini --- Barb <bbeale wrote: > > I remember reading 7 years ago that " 82% of > acupuncturists are not > practicing acupuncture as a primary occupation > within 5 years of > graduation " . There's a very high failure rate. > Personally, I think that > has a lot to do with how good a person is at running > a business. I've seen > some very intelligent, compassionate and > knowledgeable acupuncturists sink > like a stone because they can't handle marketing, > bookkeeping, or lack > people skills. > > > > _____ > > briansbeard [brian_s_beard] > > Friday, November 19, 2004 5:02 PM > Chinese Medicine > Re: New to the group and a potential > TCM student: > > > > > Jeremy, > > The more you plan ahead for the change the better. > Having a well > thought out transition plan is well worth the > effort. If you survive > the first three years odds are you'll stay with it. > > I agree with matt, it is a problem that there is no > reliable > information about salaries or percent of > practitioners still > practicing after five yeears. I've asked a number of > people what > percentage of graduates go on to have successful > practices and I come > up with 25-35% consistently, but no one has any data > to back this up > with. Does anyone else have a feeling. > > WRT money issues, I once heard a chiropractor say, > " to get into > chiropractice school you have to be weird. the > admissions office will > ask you are you weird? if you say yes then you're > allowed in. > Acupuncture school is similar except you have to be > weird AND have > issues with money. " All of the AP's burst out > laughing. There is > truth there. > > Chinese Medicine , > " Jeremy " > <jeremy_read20> wrote: > > > > > > Thanks again for the replies! > > > > It looks like I may have to keep working and maybe > do acupuncture > on > > the side for awhile until I get a good number of > patients. Does > this > > sound like another possibility? > > > > Meet the all-new My - Try it today! Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 As a part-time accountant, I still do acctg/taxes 2 days/week for others. You should plan on doing some other work 20+ hrs/week for at least your first 2 years in practice. John Garbarini --- briansbeard <brian_s_beard wrote: > > Jeremy, > > The more you plan ahead for the change the better. > Having a well > thought out transition plan is well worth the > effort. If you survive > the first three years odds are you'll stay with it. > > I agree with matt, it is a problem that there is no > reliable > information about salaries or percent of > practitioners still > practicing after five yeears. I've asked a number of > people what > percentage of graduates go on to have successful > practices and I come > up with 25-35% consistently, but no one has any data > to back this up > with. Does anyone else have a feeling. > > WRT money issues, I once heard a chiropractor say, > " to get into > chiropractice school you have to be weird. the > admissions office will > ask you are you weird? if you say yes then you're > allowed in. > Acupuncture school is similar except you have to be > weird AND have > issues with money. " All of the AP's burst out > laughing. There is > truth there. > > Chinese Medicine , > " Jeremy " > <jeremy_read20> wrote: > > > > > > Thanks again for the replies! > > > > It looks like I may have to keep working and maybe > do acupuncture > on > > the side for awhile until I get a good number of > patients. Does > this > > sound like another possibility? > > > > The all-new My - Get yours free! Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 I wonder how many would become Western MD's if they faced an 82% failure rate. I also believe that many go in thinking of a TCM practice as being similar to an Western medical one. On Sat, 2004-11-20 at 07:09, Christopher Vedeler wrote: > 82% is actually about the failure rate of business startups in general > and not just for acupuncture. I totally agree that those that succeed > with their acupuncture business are savvy business people as well as > compassionate and knowledgeable acupuncturists with good people skills. > > For all businesses, it is imperative to have a good well researched > business plan, do a lot of research into demographics and pick a good > area to setup and have the financial clout to survive two or more years > with little or no income while the business grows. Why should > acupuncture be any different? It seems that once they get their license > to practice acupuncture, many people assume that people will just start > knocking on their door for a treatment. Building an acupuncture > practice will likely take about as much time and money as their TCM > education and a whole lot more effort. It takes hard work to build any > business. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 My education included the same 45 hour class and it wasn't very thorough. What was interesting, though, is that many of the people in the class took it very lightly, almost as if it were a joke. I wanted about 3 more classes, including one on insurance billing, accounting and marketing. Anyway, I took the one class very seriously and created a business plan that I put to use to the letter with good results. It's been my observation (and I'll probably get " flamed " for saying this) that many people drawn to acupuncture school are " artsy " , free-spirited and a little rebellious and don't like to be bothered by the more structured portions of the profession, especially the concepts of money, marketing and competition. I think this dimension has played a part in the downfall of many. On the other hand, I have seen many chiropractic students primarily in it for the money and go into it not as healers but as a business venture. I'm sure many of you out there have experienced the chiropractor who fits this description, and it is unfortunate. * Christopher Vedeler [ckvedeler] wrote: I only had 45 hours out of 3000 hours of TCM training for practice management. It was an awesome course, but not nearly enough. Chiropractors spend a whole lot more time with practice management, and it shows in how much better they are at marketing. In my very biased opinion, our medicine is superior, but we are not well trained on how to market and run a business. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 20, 2004 Report Share Posted November 20, 2004 Hi, I agree with you here. Many students are airy-fairy, head in the sky and don't see the practical side to doing the business modules in their course. Actually, these business modules are very very useful. As there are no jobs in TCM, most graduates are forced to open their own clinics. A good understanding of business management, marketing and accountancy are absolutely essential otherwise your doomed to fail. Attilio My education included the same 45 hour class and it wasn't very thorough. What was interesting, though, is that many of the people in the class took it very lightly, almost as if it were a joke. I wanted about 3 more classes, including one on insurance billing, accounting and marketing. Anyway, I took the one class very seriously and created a business plan that I put to use to the letter with good results. It's been my observation (and I'll probably get " flamed " for saying this) that many people drawn to acupuncture school are " artsy " , free-spirited and a little rebellious and don't like to be bothered by the more structured portions of the profession, especially the concepts of money, marketing and competition. I think this dimension has played a part in the downfall of many. On the other hand, I have seen many chiropractic students primarily in it for the money and go into it not as healers but as a business venture. I'm sure many of you out there have experienced the chiropractor who fits this description, and it is unfortunate. Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 21, 2004 Report Share Posted November 21, 2004 The only reason most MDs, or hospitals, for that matter, are even IN business, is INSURANCE money. We, in turn, need ot EDUCATE people. I know this is a royal pain sometimes, but it must be done to build a practice. I practice in New Jersey, where the Acup. Board used to fail 80-90% of all test takers!!! We had to fight like hell to even get ADMITTED into this state. Keep slugging away. John Garbarini --- Mark Milotay <mmilotay wrote: > I wonder how many would become Western MD's if they > faced an 82% failure > rate. I also believe that many go in thinking of a > TCM practice as being > similar to an Western medical one. > > On Sat, 2004-11-20 at 07:09, Christopher Vedeler > wrote: > > 82% is actually about the failure rate of business > startups in general > > and not just for acupuncture. I totally agree > that those that succeed > > with their acupuncture business are savvy business > people as well as > > compassionate and knowledgeable acupuncturists > with good people skills. > > > > For all businesses, it is imperative to have a > good well researched > > business plan, do a lot of research into > demographics and pick a good > > area to setup and have the financial clout to > survive two or more years > > with little or no income while the business grows. > Why should > > acupuncture be any different? It seems that once > they get their license > > to practice acupuncture, many people assume that > people will just start > > knocking on their door for a treatment. Building > an acupuncture > > practice will likely take about as much time and > money as their TCM > > education and a whole lot more effort. It takes > hard work to build any > > business. > > Meet the all-new My - Try it today! Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 21, 2004 Report Share Posted November 21, 2004 Of all new businesses 90% fail in the first year. It doesn't matter what arena! No-one plan to fail - they fail to plan. Check and see how many " failed " acupuncture businesses wrote a business and marketing plan BEFORE they opened. Acupuncture and is not a get rich scheme - it can't be - we have to be educators first, ask any teacher or professor - they'll tell you! Spend 20% of your money and 80% of your time marketing. There are loads of networking groups and professinals out there looking for good speakers. It costs you virtually nothing but you meet people and get your business known. Pick your location wisely - if you hate speaking and don't want to be an educator - stick to areas where people have already done the groundwork for you. If your open to working the speaking arena - you can go where the competition isn't and do fine. Definitely 2 years of capital to live on is a good safety net - if you don't need it fine, but it's a security blanket. Medicare - a double edged knife - and one that ALL of us need to recognize - It will reduce the barriers to treatment for many patients, but do we leave it at $25 per treatment and not have them meet the difference! That would be bad business. Then again I know of an MD who charged Medicare $255 for an office visit - and they paid a percentage (50%) - for 5 minutes work - so shouldn't we adjust our fees to be adequately compensated? Bottom line - if a 90% failure rate scares you, truth is you shouldn't be thinking of going it alone - start out either in a partnership or working for someone. If the 90% failure rate just fires your liver qi - then be prepared to put in 60+ hrs per week for the first 2 years - Reinvest a minimum of 20% of your gross on marketing. Plan speaking presentations at least 1x per week, join a networking group, chamber of commerce etc. AND get yourself on a personal treatment schedule, for AcuTx and herbs to support your goal. You will need all the qi and blood you can get. Finally - find yourself a good " Life Coach " - who can support you when you lose perspective or need a sanity/reality check. They are worth their weight in gold, and often are a great source of referrals. Happy Thanks Giving Kayte enjoy life, enjoy health, take care of you! Chinese Medicine , John Garbarini <johnlg_2000> wrote: > > The only reason most MDs, or hospitals, for that > matter, are even IN business, is INSURANCE money. We, > in turn, need ot EDUCATE people. I know this is a > royal pain sometimes, but it must be done to build a > practice. I practice in New Jersey, where the Acup. > Board used to fail 80-90% of all test takers!!! > We had to fight like hell to even get ADMITTED into > this state. Keep slugging away. John Garbarini > --- Mark Milotay <mmilotay@t...> wrote: > > > I wonder how many would become Western MD's if they > > faced an 82% failure > > rate. I also believe that many go in thinking of a > > TCM practice as being > > similar to an Western medical one. > > > > On Sat, 2004-11-20 at 07:09, Christopher Vedeler > > wrote: > > > 82% is actually about the failure rate of business > > startups in general > > > and not just for acupuncture. I totally agree > > that those that succeed > > > with their acupuncture business are savvy business > > people as well as > > > compassionate and knowledgeable acupuncturists > > with good people skills. > > > > > > For all businesses, it is imperative to have a > > good well researched > > > business plan, do a lot of research into > > demographics and pick a good > > > area to setup and have the financial clout to > > survive two or more years > > > with little or no income while the business grows. > > Why should > > > acupuncture be any different? It seems that once > > they get their license > > > to practice acupuncture, many people assume that > > people will just start > > > knocking on their door for a treatment. Building > > an acupuncture > > > practice will likely take about as much time and > > money as their TCM > > > education and a whole lot more effort. It takes > > hard work to build any > > > business. > > > > > > > > > > > Meet the all-new My - Try it today! > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted November 22, 2004 Report Share Posted November 22, 2004 Thank YOU for this TRUTH and view on the positive...I think we all need to hear that!!! - acupuncture4health Sunday, November 21, 2004 11:45 PM Chinese Medicine Re: New to the group and a potential TCM student: Of all new businesses 90% fail in the first year. It doesn't matter what arena! No-one plan to fail - they fail to plan. Check and see how many " failed " acupuncture businesses wrote a business and marketing plan BEFORE they opened. Acupuncture and is not a get rich scheme - it can't be - we have to be educators first, ask any teacher or professor - they'll tell you! Spend 20% of your money and 80% of your time marketing. There are loads of networking groups and professinals out there looking for good speakers. It costs you virtually nothing but you meet people and get your business known. Pick your location wisely - if you hate speaking and don't want to be an educator - stick to areas where people have already done the groundwork for you. If your open to working the speaking arena - you can go where the competition isn't and do fine. Definitely 2 years of capital to live on is a good safety net - if you don't need it fine, but it's a security blanket. Medicare - a double edged knife - and one that ALL of us need to recognize - It will reduce the barriers to treatment for many patients, but do we leave it at $25 per treatment and not have them meet the difference! That would be bad business. Then again I know of an MD who charged Medicare $255 for an office visit - and they paid a percentage (50%) - for 5 minutes work - so shouldn't we adjust our fees to be adequately compensated? Bottom line - if a 90% failure rate scares you, truth is you shouldn't be thinking of going it alone - start out either in a partnership or working for someone. If the 90% failure rate just fires your liver qi - then be prepared to put in 60+ hrs per week for the first 2 years - Reinvest a minimum of 20% of your gross on marketing. Plan speaking presentations at least 1x per week, join a networking group, chamber of commerce etc. AND get yourself on a personal treatment schedule, for AcuTx and herbs to support your goal. You will need all the qi and blood you can get. Finally - find yourself a good " Life Coach " - who can support you when you lose perspective or need a sanity/reality check. They are worth their weight in gold, and often are a great source of referrals. Happy Thanks Giving Kayte Quote Link to comment Share on other sites More sharing options...
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