Thursday, October 2, 2014

Chiropractic practice loans, Chiropractic Bridge Loans and all types of funding.

In today's chiropractic world there are many chiropractic offices.  In the 1980's Chiropractic doctors and schools really thrived during a booming economy.  During the 80's, it was the beginning of a phase where lawsuits were very popular and visiting a Chiropractor was a legitimate way to prove injury was caused by the accident and many individuals including the Chiropractors benefited from this time period.  There were many Chiropractors who were fraudulent and put in phony claims which took away much of the credibility the industry had earned. 
During the 80's many Chiropractic schools came into existence. Many young students who found that going to med school would take quite a long time and found that they could still become a chiropractic doctor and make quite a bit of income.
Unfortunately over time with so many students that graduated from these schools it appeared that many of them instead of moving out throughout the country opened up offices in the same city of the college they graduated from.  Many practices that were established closed as a result of this. 
For example in Marietta, GA home of Life College Chiropractic School there is a proliferation of chiropractors spread throughout the city.


In instances like this marketing is key in separating themselves from the other Chiropractic office.
Marketing can be very expensive. If a business has only been open a short time, it might not have the credit history to procure a bank loan or a working capital loan increase. 
In many cases marketing the business properly may make the difference between a Chiropractic office staying open or going out of business.
If an office tries to market cheaply using flyers or small classified ads usually they will not be in business too long.
Most Chiropractic businesses that succeed use large ads in Yellow Pages, online and even highway billboard ads. Once their office is seen by the public, it is then up to the Chiropractor to turn them into customers that are advocates of the business, then word of mouth advertising takes over, which is the best and least expensive type of advertising.


To get to this stage however money and cash flow will be needed to purchase necessary to get the word out about the fact that the Chiropractic office is open and in business.
If the office has been established at least 6 months an alternative loan source you may be eligible for a Chiropractor Practice Loan from consultants like Ed Rogers who has been in business quite a while usually can give good advice on the best options on the program available for cash flow that can be used for any purpose including marketing.
In the final analysis in order for the business to succeed there has to be a successful marketing campaign in light of the competitive nature and large number of Chiropractors who are looking for a finite amount of customers looking for their services.