Are you ready to take your private practice or nutrition business to the next level? Earnings potential abounds – read on to learn how to create these money-making opportunities! This is part III in our private practice profitability series, in which we’re focusing on client retention, billing and reimbursement. Read our earlier posts on budgeting and managing overhead, and on finding clients and establishing a referral pipeline.
It’s time to dump living paycheck to paycheck. Let’s discuss the business of owning your own nutrition business or private practice – with a focus on profitability while maintaining the highest standards of patient and client care. Today we’re covering budgeting for financial success, managing your overhead costs and generating revenue. Stay tuned for future private practice profitability topics!
During our one-on-one coaching sessions with you, we often hear that you’re unsure of where to start when setting up your nutrition business or private practice. What comes first, you ask – is it coming up with my business name or brand? Is it handling the legal aspects of my business and setting up my LLC or other business entity? While there is no one perfect set of orderly steps to take for setting up your business, the following are five steps that you should take when you’re establishing your business.
Whether you’re just starting your nutrition business, or you’re a seasoned registered dietitian nutritionist, your business should have a marketing plan. Marketing plans force you to put some thought and planning into the direction of your private practice – how will you market your services for a defined period of time, what strategies and tactics will get you to your goals, and at what cost?
Are you receiving referrals from your area physicians or other healthcare professionals on an ongoing basis? If so, well done! Way to reach out and network in order to secure new avenues of bringing clients through your door. You can read more about sourcing physician referrals via an earlier post on our blog.