How to Develop an Entrepreneurial Mindset
Practice Management
Written by Tom Owen III   
Tuesday, 25 June 2013 19:09 Read : 1560 times

hen you first envisioned yourself as a chiropractor, you were probably focused on the opportunity to help people who were suffering from pain. However, most chiropractors realize quickly that the lessons they learned in school aren't enough to gain success in the real world. Chiropractors also need business knowledge and entrepreneurial spirit if they hope to run their own practices.
dreambigOf course, an entrepreneurial spirit isn't simply born overnight. That's why it's so important to start developing your skills as soon as you've finished school. With training, passion and commitment to the field, you can develop an entrepreneurial mindset that will help you achieve success. Use the five following strategies to train yourself to think like an entrepreneur.
Shift Your Thinking
First, it's important to recognize that you're not actually trying to start a chiropractic practice. You're attempting to open and run a small business. Before you can begin seeing patients, you need to complete tasks like finding an office, setting prices, hiring staff and assistants, marketing your services and working out terms with insurance companies. Whether or not you're interested in the business side of your operation, you can't avoid the logistical half of the job. Until you can think of your practice as a business, you'll have a tough time turning a profit.
Consider Unique Marketing Approaches
As a chiropractor, you'll be working closely with your patients. Your success will hinge largely on the quality of the relationships you can build. Fortunately, many of the latest trends in marketing focus on the importance of personal connections. Instead of relying on traditional advertising methods like mailers or television commercials, think outside the box. Use new media like social networking or a blog to spread the word about your practice. These approaches help you reach new customers while also helping you to hone your entrepreneurial skills.
Set Yourself Apart
Entrepreneurs know how to set themselves apart from the crowd, so you should focus on finding something that makes you unique. Whether your practice specializes in a particular healing method or whether you offer a follow-up care package, it's essential to find a way to differentiate yourself from the competition. As you begin to think about your practice as a business, consider how you want others to think of you. These qualities and impressions can help you solidify a brand for your practice.
Manage and Delegate
Business owners understand that they can't operate alone. Similarly, you'll need to work with other people to create a successful chiropractic practice. Many inexperienced chiropractors suffer from an inability to delegate tasks to other people. Because they are used to relying on their own skills and knowledge, it can be tough to allow others to get involved with the practice. However, you can reduce substantial waste in your practice by hiring a small staff and delegating particular duties to each person. Best of all, you'll free up a significant portion of your own time so that you can focus on your patients and the other most important parts of your practice.
Dream Big
Finally, remember that no dream is too large for a true entrepreneur. The entrepreneurial mindset is marked by passion, hope and big goals. Set targets for yourself and reward yourself for the small successes you achieve on the way toward your larger dreams. In school, most people learn how to fit their dreams into traditional archetypes. As you set out to build your own practice, you'll have to train yourself to think in a less restrictive way if you hope to achieve true success as a chiropractor.
Tom Owen III -

Tom Owen III, President of Affordable Managing Consulting, lectures extensively from coast-to-coast to thousands of chiropractors and students annually. He is the author of Chiropractic from a Business Man’s Perspective, and has spent the last 25 years in the day-to-day trenches of the chiropractic profession. He lives by his quote that “In the end, all that is left are the lives we’ve touched and to what extent they were changed.”


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