After a number of conversations with his medical contacts, he decided to open his own massage therapy practice.Tags: Questionnaire For DissertationDissertation On Leadership And ManagementOscar Wilde Essay On AestheticsThesis Statement For Pro Assisted SuicideCritical Thinking Questions And AnswersVerizon Wireless For Business PlansQualities Of A Good Leader EssayPractice HomeworkSkin Term PapersNursing Program Essay Questions
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.
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.
The business structure most commonly used for massage therapy businesses is a sole proprietorship.
This business structure is the easiest and least expensive to set up.
For example, you may be able to source better lotions and oils than your competitors use, more comfortable equipment or simply give better customer service.
After starting a massage therapy business, you will need to market and promote it or else you will not gain many clients.
The marketing section of your business plan needs to address what media outlets you will advertise your new business in, whether you will offer customers occasional discounts and special promotions, whether you plan to have a website as a marketing tool, whether they are any complementary businesses you can team up with to gain new clients and how you can use public relations strategies to gain media attention.
If you do not have much experience or knowledge in the areas of marketing or public relations, you should consider hiring a publicist or marketing expert.