Ownyourownpractice.com Practice Apprenticeship Noel Lloyd, DC .

ownyourownpractice.com

Practice Apprenticeship

Noel Lloyd, DC

www.soundchiropractic.com


Practice Apprenticeship

• Your future is your greatest asset

• You can have the practice of your dreams, but most don’t

• You can cut risk, time, stress by 70% while getting a million dollar education

• However, there are many pitfalls and dangers to avoid


Dead End Associateship #1

• Falling for big, dynamic practice, high %

• End up an exam dog adjusting overflow

• Big promises, but no track record

• Owner/director can’t or won’t teach

• No real training to build your practice

• Dead-end (1, 2, 3+ years wasted)

• Loans due and stuck at 50/wk


Dead End Associate #1

500

400

300

200

100

Year One Year Two Year Three Year Four

?

50 visit week a week, exam dog, doing overflow at 2 years

?

Big moveNo skillsLoans dueNo income


Dead End Associateship #2

• Falling for big practice, big base

• End up an exam and adjusting 500/wk

• Big promises, no track record

• Owner/director can’t or won’t teach

• No real training to build your practice

• Dead-end (1, 2, 3+ years wasted)

• Loans due and you’re stuck at 500/wk


Dead End Associate #2

500

400

300

200

100


?

500 visit week a week, exam and adjusting dog at 2 years

Big moveNo skillsLoans dueNo income

Can’t leave, never an owner, stuck


OYOP Apprenticeship

• Focused on your practice from the very start• Good to great money with a $1M dividend• Kept promises, 100% successful track record• Owner/director who has, can, will, does teach• Real training to sustain your practice• “Live-beginning” (1, 2, 3+ years invested)• Loans due, but you’re making $20K/mo


OYOP Apprenticeship

500

400

300

200

100


!

160 to 200 visits a week, knows how sustain and grow bigger

No moveGreat skillsLoans paid easily$200K +

Don’t want to leave, now the owner

$42K+ $65K+ $250K+


OYOP

• 200 X $40 = $8.0K X 4.3 = $34,400

• 180 X $40 = $7.2K X 4.3 = $30,960

• 160 X $40 = $6.4K X 4.3 = $27520

• 140 X $40 = $5.6K X 4.3 = $24,080


OYOP

• 200 X $60 = $12.0K X 4.3 = $51,600

• 180 X $60 = $10.8K X 4.3 = $46,440

• 160 X $60 = $9.60K X 4.3 = $41,280

• 140 X $60 = $8.40K X 4.3 = $36,120


OYOP

• 200 X $50 = $10K X 4.3 = $43,000

• 180 X $50 = $9K X 4.3 = $38,700

• 160 X $50 = $8K X 4.3 = $34,400

• 140 X $50 = $7K X 4.3 = $31,100


OYOP

160 X $50 X $8K X 4.3 = $34,400


OYOP

160 X $50 X $8K X 4.3 = $34,400

Minus Associate 25% = $8,600 Associate (X12?)


OYOP

160 X $50 X $8K X 4.3 = $34,400

$25,800



OYOP

160 X $50 X $8K X 4.3 = $34,400

$25,800


Minus overhead = $10,000


OYOP

160 X $50 X $8K X 4.3 = $34,400

$25,800



$15,800 Owner


OYOP

160 X $50 X $8K X 4.3 = $34,400

$25,800



$0

$20,000 Associate

$4,400 Bank

Owner


Ordinary Practice Sales

• 1 years gross collections with no AR

• Have to borrow operating expenses

• 1 in 7 patients quit immediately

• 4 of 5 patients quit in 24 months

• Staff defection just as bad

• Multiple nightmare stories


What You Buy With OYOP

• Practice equipment, AR ($60K to $80K)

• No wasted 3+ years

• No move, no loss of patients

• No “valley of the shadow of death”

• Fully trained, support and affiliation

• Marketing, systems, staff in place

• 40% savings


Do You Qualify?

• Application and interviews

• Shared vision, goals and values

• Paid to train: Apprenticeship

• Making your benchmarks

• Getting your clinic location and growing

• OYOP

Ownyourownpractice.com Practice Apprenticeship Noel Lloyd, DC .

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