Episode 3 - How Much Money Do You Need To Start A Ketamine Clinic?
In this episode of the Ketamine Startup Podcast, we tackle financial planning for starting your ketamine clinic. You will be guided through understanding the various costs involved, tailoring to different scenarios such as location choices and integrating into existing medical practices. You’ll gain a clear view of what to expect financially in this discussion.
More than just numbers, you’ll be equipped with strategic insights into effective cost management. We cover essential factors like leasing, staffing, marketing, and equipment, ensuring you're well-prepared for making these decisions. As you’ll see in this episode, we stress the importance of adaptability and keeping overhead costs low, plus the significance of taking on multiple roles in the early stages of your clinic.
Tune in and gain the confidence to make informed, calculated risks. This episode isn’t just about preparing you for the start-up costs - it's about inspiring you to build financially sustainable practices and avoiding common pitfalls and future regrets.
Listen to the episode on Apple Podcasts, Spotify, Overcast, or on your favorite podcast platform. Watch the discussion on YouTube here.
Episode 3 show notes:
00:00 Introduction to the Ketamine Startup Podcast
00:09 Understanding the Initial Investment for a Ketamine Clinic
00:56 Factors Influencing the Cost of Starting a Ketamine Clinic
01:56 The Importance of a Financial Buffer and Runway
04:41 Balancing Your Current Job with Starting a Clinic
05:52 When to Expect Return on Investment
06:57 Transitioning from Stable Jobs to Running a Clinic
07:32 Recap on Costs and Importance of Keeping Overhead Low
08:22 The Role of Marketing in a Ketamine Clinic
09:09 The Value of Wearing Multiple Hats in the Initial Stages
11:32 Free Checklist for Aspiring Ketamine Clinic Founders
12:31 Considering the Risks and Rewards of Starting a Clinic
14:26 The Importance of a Lean Business Practice
16:18 Conclusion
Thanks for listening!