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The Clinic Boss Show
Rick Lau
100 episodes
1 week ago
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Entrepreneurship
Business
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Entrepreneurship
Business
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$250K Lifestyle or $1M+ Business? Design the Clinic That Fits You with Manju Asdhir
The Clinic Boss Show
1 hour 11 minutes 2 seconds
4 months ago
$250K Lifestyle or $1M+ Business? Design the Clinic That Fits You with Manju Asdhir
In this episode of The Clinic Boss Show, Rick sits down with Manju, a chiropractor and former clinic owner, to unpack the real journey behind starting and scaling a healthcare practice. Manju shares how she built a thriving business with a $20K startup budget, overcame early struggles, navigated COVID, and ultimately created a sellable asset - while staying true to her lifestyle goals. From $2K per month and burnout to a 7-figure exit. Manju went from exhausted associate to leading a 17-person team and selling her clinic for millions. All within 9 years. She launched just 2.5 years out of school, built a thriving solopreneur practice, then decided to go all in. She built a business that ran without her. Whether you want a simple lifestyle clinic or a million-dollar machine, Manju proves both are possible. Sign up for my free trainingclinicowner.com Be part of our clinic owner community clinicaccelerator.com https://www.instagram.com/thericklau/ Timestamps: (00:37) Manju's Journey to Clinic Ownership(04:50) Challenges Faced by New Graduates(07:34) The Decision to Open a Practice(15:24) Building a Community Connection(18:20) Taking the Leap into a New Space(21:32) Startup Costs and Initial Investments(24:13) Revenue Growth Over the Years(28:02) Marketing Strategies and Patient Acquisition(32:34) Adapting During COVID-19(39:07) Expansion and Selling the Business(43:38) Valuing a Business: Insights on Worth(44:40) The Benefits of Buying an Existing Practice(47:18) Building a Lifestyle Business vs. a Million Dollar Clinic(50:36) Understanding Your Intent: Lifestyle vs. Ambition(54:22) Preparing for Practice Ownership: Steps to Take(59:12) Marketing Strategies for Your First Clients
The Clinic Boss Show