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Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. Read More »
Business professionals who are interested in the hotel industry and intend to buy hotel business locations will have many choices to make. You will need to pick the right location for your establishment, decide whether you want an independent hotel or a franchise opportunity and come up with a realistic budget for your purchase. Read More »
If you have been working in the field of chiropractics for a while, you may be in the position of starting a chiropractic practice of your own. This can be an exciting time for any professional, but there are a few things you might want to consider to make the process a bit easier.
First, ask yourself if you will be the only doctor working in your clinic. This will determine how many hours you will work each week, as well as help you divide your time between patients and operating your business. Next, consider what size of a staff you may require. If you are the only physician in the practice, you may need more than one medical assistant. However, if you will be housing other physicians in your practice, they might be responsible for hiring and paying their own assistants. Furthermore, you'll want to determine whether the other physicians in your practice are employed by you, or if they will be maintaining their own business identity while they simply utilize your facilities for a monthly fee.
Finally, you may want to consider joining several medical networks. By becoming a preferred provider for specific organizations and insurance companies, you will charge less for exams and procedures to their customers, but they will more than make up for those costs by sending you a greater patient load.
To find out more about starting a chiropractic practice, feel free to look over the resources located on the left side of this page. Business.com has compiled these resources, and many others, for the benefit of business owners around the world.