Let us learn about your business and see how we can help.

 

Wellness Capital Management is pleased to offer an in-depth complimentary 30-minute Wellness Business Consultation.

 

Q&A Session

Q. Moving to the next level, How does real estate fit into a wellness business plan?

A. Real Estate is an asset that increases in value and because of this, it is an asset that bankers and lenders can easily relate to and are comfortable using as collateral for a loan. Of course, acquiring real estate requires taking on additional debt. With an accurate financial budget - we call it your Business Wellness Budget - you're able to make the right decisions regarding acquiring real estate. Your Business Wellness Budget is a detailed outline of your finances including sales, expenses, profit margin and debt. It gives you a complete view of where your money is right now and what needs to be done with it to achieve your business goals.

The "next level" of your business or practice may be to acquire ownership in a wellness campus with common services, such as; reception, billing, electronic medical records, scheduling, and retail. There is an amazing synergy created by complementary services in a common environment. Investment in these campuses ia available to feasible businesses and practices with a common vision.

Does real estate acquisition fit into your business plan - if yes, your first step toward this next level is putting together your Business Wellness Budget. 

Personal Tip

The Personal "Next Level"
All growth follows a natural process; knowing where you are, defining where you want to be and then planning for how to get yourself to that next level. The honesty and integrity necessary to write down where you are is a search worthy of a great sleuth. You are the gatekeeper to your own growth. Are you willing to communicate your assessment on your friends and family? Can you stand up to and ask for the scrutiny? If you are, the next level is achievable. The search may be your next level. If you are in alignment with the target, and your energy is 'on target' ....you will find you do not need to chase after it....it will come to you.

Language of Cash Flow

DEBT SERVICE
From time to time during the business life cycle, taking on debt may be necessary; not all debt is a bad thing. The difference between good debt and bad debt is (a) what the money is used for and (b) whether the business can afford to pay (service) the debt. Debt can be taken on if it is used for growth or improving profitability. It should not be taken on to pay salaries of the owners or cover losses indefinitely. Long-term debt can take many forms including promissory notes, contracts or equipment leases.