5 Key business investors for your functional-integrative medical practitioners.



How do I start an FM or Integrative medical practice with 0 money? Yup, I said 0 cash. It is possible and necessary. You can use investor cash, friends or family, SBA loans or Credit Cards to begin your practice today. It is easier than you think. There are people willing and ready to help you. 



Do not miss these highlights:



02:17 In order to be successful, you have to think like an entrepreneur, you can't just think like an integrative practitioner. 



04:19 When you ask friends and family to invest, make sure you outline the details before beginning and outline the responsibilities. 



05:04 The SBA, Small Business Administration matches other agencies to find lenders that the SBA has already approved - guarantees certain loans, a generous repayment term with a lower interest rate for both parties. 



05:24 Private investors can be either angel investors or venture capitalists in return for their investment, they will receive shares in the company or shares that are not publicly traded.



06:56 Crowdfunding platforms allows individuals and businesses to request funds online through a website that specialize in a specific form of funding. 



10:35 Personal funding, life insurance policy that has some cash value, credit cards, or a loan could be a great way to start a small practice if there's not a lot of equipment involved that needs to be purchased.



Resources Mentioned



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Transcript of Epsiode #31:



0:01You're listening to the Functional Medicine Business Podcast featuring Dr. Deb, one of the most creative functional medicine business practitioners in her industry. She shares the wisdom and knowledge that she has gained over 25 years of functional medicine, a pioneer in functional medicine, scheduling, leadership and Practice Management. Dr. Deb has a wealth of knowledge and he's eager to share to help functional medicine become more productive, and for the practitioners and patients to live better lives. Our podcast shares the good and the bad of our industry because Dr. Deb knows the pain you live every day building a functional medicine practice with practical tools of how to manage money, taxes and patient care. She will discuss it all with you.



0:54Welcome back to the functional MBI Podcast. Today we're going to talk about how to start a private functional medicine or integrative medicine clinic with no money. What are your funding options? I started my clinic with $0 outlaid out of my pocket and grew to a $4 million evaluation in less than 10 short years. There are lots of ways that we can get funding to start a Functional Medicine or Integrative Medical Practice, I'm going to share with you some of the five quickest ways to find investors to help you grow your idea of a functional medicine practice.



1:34Now you have an idea and you want to start a functional or integrative medical practice, you have an idea that will impact the world in a very large way. Your idea is creative. It's different than anyone else that has set forth a functional medicine practice today. This makes you an entrepreneur, welcome to the family. You're not just a medical practitioner anymore with these big ideas, you're visionary, you're creating an idea to change the lives of many people in your practice. But in order to be successful, you have to think like an entrepreneur. You can't just think like an integrative practitioner.