Description: Dive into the podcast episode that tackles a topic critical for newbies in the massage therapy field. Mary-Claire Fredette brings clarity to the debate between a rent-based or percentage-based room arrangement. Discover the pros and cons of each option and get useful tips to negotiate the best deal before you kick-start your massage therapy career.
### Episode Summary:
In this episode, podcast host Mary-Claire Fredette explains the two ways massage therapists can run their businesses: via room rental or a commission/percentage based system. She weighs the advantages and disadvantages of both methods to help new therapists make an informed decision on how to operate their practice.
### Key Points:
- The percentage paid for using a space can vary depending on the location, but around 50% is typical. This covers liabilities such as insurance, utilities, amenities, and more.
- The advantages of paying a percentage include no upfront costs for furnishing a massage room and typically no monthly rental fees, making it easier for therapists just starting out.
- Paying a percentage may also offer other benefits such as marketing and networking opportunities, especially if sharing a space.
- However, as the practice grows and the therapist begins to take on more clients, it might be more cost-effective to switch to a room rental.
- Room rental allows for full control over the business: from pricing and scheduling to branding decisions, plus the therapist gets to keep 100% of their earnings after deducting their operational costs.
- Disadvantages of room rentals include the initial investment and sole financial responsibility of all business costs. Networking opportunities may also be limited.
- Regardless of how therapists choose to structure their businesses, both come with their own set of challenges and benefits. Therapists should investigate and consider their options thoroughly.
### Mentioned Links:
Do you find yourself starting to dread your massage days when you used to love them? Your hands, wrists, and elbows ache, and you worry you won't be able to continue a career that you love?
Check out my guide, 22 Ways to Work Deeper (Without Hurting Yourself)!
