Guest guest Posted October 20, 2005 Report Share Posted October 20, 2005 Hey Andrea - that gave me a chuckle. A worthy plan is about the process, I think, not the end product (unless you need a loan). What a relief to realize that! Two other new questions: What do folks carry for liability (for space) and malpractice insurance? (Reply off list if you don't want anyone to know you don't carry any ;-) ) What percentage of your income do you pay in taxes, etc? Thanks, folks, this has been really interesting. Karen wrote: >Hi Karen, > >I too had trouble with certain part of my business plan, until I realized that it is just a proposal, a researched theory, of how a practice will go. It's not set in stone, and it can be amended. That helped me relax and have fun with it. In fact, I still haven't finished it. :-) > >Andrea Beth > >karen <tryfan wrote: >Dear Andrea - thanks for the reply and encouragement. The good news (in >a weird way) is that this isn't the first practice I've set up. Nor is >it the first business plan, more's the pity. I'm trying to justify >conventional wisdom - as in 'everyone knows CAM is becoming more and >more popular...' > >I find it fascinating that the responses to my question (apart from >Pete's) have been snippets of demographic ideas and loads of >encouragement and support. People are being very kind. > >I trained in England and owned a clinic there for 2 years, moved back to >the states after my first grandchild was born. So I'm starting again in >the place that has always been home (that was important, what you >said). The business plan is one of those hoops (kinda like the NCCAOM >exams) I have to do to prove to the universe that I'm serious about >this. That's cool, tho a little frustrating but I'm following the old >'the gods help those who help themselves' precept. > >Thanks so much for the Google idea - and for your support. >Karen > > wrote: > > > >>Oh, Dear... >> >>What Pete wrote below is quite different from my experience, and I am so glad that there an array of different experiences to be had as acupuncture practitioners. >> >>My best suggestion for demographics info is to do a google search on demographics of those who use acupuncture or other complementary healing arts. I've done some classes with SCORE also and found them very worthwhile. Your SCORE counselor may also be able to steer you in some directions for demographics details. >> >>Good luck with your business plan. A good survival skill is to develop a healthy balance between " realism " and optimism, with a greater measure of optimism. Stay true to your dreams, and make sure to address any issues you may have about money, success, and abundance. Especially make sure you're in a place you're absolutely delighted to be. My worst mistake was initially starting my practice in a place that I knew was never going to be home. After 2 years there, not much was happening. I have since relocated, and am doing much better after only 6 months than I had ever done in my initial location. >> >>You are welcome to contact me off-list, if you wish. >> >>Blessings, >> >> >> >> >> >>Pete Theisen <petet wrote: >>Karen Adams wrote: >> >> >> >> >>>Hi all - am struggling with a business plan >>> >>> >>> >>> >><snip> >>Hi Karen! >> >>*This* again. What *is* booming is TCM *Education*, the schools cranking >>out graduates like popcorn. The government subsidizes the schools by >>guaranteeing the student loans. >> >>Each of the annual legion of graduates has to build a practice. Only 40% >>of the insurance company plans provide any coverage at all for TCM, and >>that is only for acupuncture, not the whole of TCM. Medicare does *not* >>cover TCM. >> >>There are essentially no TCM " jobs " . OK, one or two a year, but you >>won't likely be the lucky one to be hired fresh from school. >> >>I got help writing my business plan from SCORE. By all means write a >>business plan. Then whatever cash it says you need going in, multiply by >>twenty, no, fifty. Even that might not be enough. You go a long time >>before you begin to cover the expenses let alone make any money. You >>burn through cash until you become profitable, if you ever even do. >> >>There was a poll started on this list a while ago. Last I looked only a >>few are getting more than four new patients a month. More revealing is >>how long it takes the patient to feel well enough that he/she will " call >>you later " , the poll didn't address *that* problem. >> >>You spend $700 in promotion to get a patient, they pay you $200 and then >>they are better and don't need you anymore. TCM is great medicine, but >>an economic failure at this point in history. >> >>Regards, >> >>Pete >> >> >> >> >> http://babel.altavista.com/ >> >> and adjust accordingly. >> >> >> >> >> >> Quote Link to comment Share on other sites More sharing options...
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