Business
Q & A |
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. |
