Premium Only Content

So You're Finally a Chiropractor...Now What? (Advice for New Chiropractors)
Rocket Chiropractic Podcst episode 384
Business & marketing training for chiropractors: https://rocketchiro.com/join
Free practice assessment: https://rocketchiro.com/chiropractic-practice-assessment
Chiropractic podcast: https://rocketchiro.com/chiropractic-podcast
Best chiropractic websites: https://rocketchiro.com/best-chiropractic-websites
Chiropractic SEO: https://rocketchiro.com/chiropractic-seo
Embarking on a chiropractic career post-graduation presents a myriad of choices. The trajectory of a chiropractor's profession can be influenced immensely by the initial decisions made. In this week's chiropractic podcast, I discuss several options available to new chiropractors, detailing their pros and cons to aid in making an informed decision.
1. Associate Position
New chiropractors can opt to work under a seasoned chiropractor in an established practice.
Pros:
Learning Opportunity: Associates can amass invaluable practical knowledge from experienced chiropractors.
Stable Income: A steady salary provides financial security right out of school.
Reduced Responsibilities: Associates don’t often handle overhead costs, staff, or marketing, enabling a focus on patient care.
Cons:
Limited Autonomy: Less freedom in clinical decision-making and operational procedures.
Income Ceiling: Earning potential might be capped compared to owning a clinic.
2. Starting a Solo Practice
Taking the entrepreneurial route, chiropractors can set up their own clinic.
Pros:
Full Control: Solo practitioners have total discretion over their schedule, treatment methods, and business strategy.
Growth Potential: Earnings directly correspond to the clinic’s success, which can surpass associate positions.
Cons:
Initial Costs: Setting up a clinic requires a significant financial outlay for equipment, space, etc.
Business Burden: Handling every facet of a business can be daunting.
3. Buying an Existing Practice
Acquiring a well-established clinic.
Pros:
Ready Revenue: A built-in clientele ensures immediate income.
Inherited Reputation: Benefiting from established goodwill eases transitions.
Cons:
Initial Investment: Purchasing an existing practice can be financially hefty.
Inherited Issues: Potential pre-existing challenges with equipment, staff, or patients.
4. Starting a Micro Practice
A streamlined, usually one-room setup, focusing predominantly on chiropractic care.
Pros:
Minimal Overhead: Reduced setup costs mean faster profitability.
Simplified Management: No staff leads to fewer operational concerns.
Cons:
Limited Expansion: Growing or adding services might necessitate changing the model.
Solo Tasks: Handling everything from treatment to bookings can be demanding.
5. Partnerships
Joining forces with one or more chiropractors.
Pros:
Shared Load: Divided tasks and finances ease individual pressures.
Team Environment: Collaborating brings diverse skills and treatments, enriching patient care.
Distributed Risks: Setbacks are shared, reducing individual impacts.
Cons:
Conflict Possibility: Differing visions can lead to disagreements.
Shared Profits: Earnings are divided, which could limit individual income.
6. Independent Contracting
Working within an existing practice but operating as a self-employed entity.
Pros:
Flexibility: Set your hours and choose your clientele.
Lower Financial Risk: Lesser upfront costs than starting or buying a practice, as you leverage existing infrastructure.
Autonomy in Treatment: More freedom in patient care compared to an associate position.
Cons:
Inconsistent Income: Income can be variable based on the number of patients and the agreement with the practice owner.
Contractual Obligations: There might be non-compete clauses or other restrictions in contracts.
Potential Overhead Sharing: Some costs, like rental space or utilities, might be shared, depending on the agreement.
Conclusion:
Every chiropractic path has its unique rewards and challenges. New chiropractors should align their aspirations, financial readiness, and preferred work-life integration with the choices discussed above. Regardless of the chosen path, continuous growth through learning and a commitment to excellence will be key cornerstones of a successful chiropractic career.
-
18:38
Rocket Chiropractic Podcast
2 days agoWhat's Worth Fighting For in Chiropractic? (Full Chiropractic Podcast Episode)
111 -
8:11
Millionaire Mentor
12 hours agoTulsi Gabbard and Leavitt DOUBLE-TEAM Kaitlan Collins in FIERY Exchange
411 -
46:02
Coin Stories with Natalie Brunell
1 day agoWhat They’re Hiding About the Economy | Natalie Brunell with Danielle DiMartino Booth
10.3K3 -
12:12
GritsGG
12 hours ago23 Warzone Wins in a Row! (Cypher AR)
73.7K -
2:12:07
Side Scrollers Podcast
19 hours agoCULTURE SHIFT CAUSES MELTDOWNS + MASSIVE CENSORSHIP EFFORTS RAMP UP | SIDE SCROLLERS LIVE
13.2K5 -
11:25
Nikko Ortiz
1 day agoMost Painful Fails
48.4K27 -
43:55
pewculture
6 days ago $3.57 earnedIf the Purge was real, this is what we'd do... - EP#24
11.4K5 -
8:14
MattMorseTV
1 day ago $10.29 earnedTrump just DROPPED the HAMMER.
57.6K66 -
LIVE
Lofi Girl
2 years agoSynthwave Radio 🌌 - beats to chill/game to
270 watching -
22:39
BlabberingCollector
9 hours agoThe Alphabet Mafia Is Mad At JK Rowling AGAIN
19.9K3