Business Plan For Massage Therapy
Unless you have partners or a staff of more than three people, consider starting your massage therapy business as a sole proprietorship.If you have a business partner, set up a limited liability partnership, or LLP.While this type of service does not have to be registered to operate in the state, we have determined that we will only hire registered staff for our clinic.Approximately 14 months ago, the local automobile insurance association had adopted a no–fault insurance plan, where the injured in an automobile accident could not sue for injuries unless they went through a complete health check with the local medical staff of various backgrounds, one of them being massage therapy.While each massage therapy business is different, there are a few common expenses that they all share: licensing fees, equipment costs, advertising and marketing costs, and training and continuing education expenses.In the budget section of your business plan, you need to address how you will pay for all of these things, including whether you plan to take out a business loan.With this new focus on rehabilitation, we have determined that the steady stream of new revenue from this new source would be financially worthy of an investment into this new business.
Your massage therapy business will be mobile or set up in a specific location.
Over a span of 15 years Gavin Cheney had worked in various medical practices as an office manager.
Never really getting any training on the medical profession, Gavin enjoyed working for others in the field.
Then the state where he works and lives changed a fundamental part of the automobile insurance business, where anyone who was injured in an auto accident was required to have treatment.
Gavin saw this as a great opportunity to start his own practice.