$250K Lifestyle or $1M+ Business? Design the Clinic That Fits You with Manju Asdhir
Description
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.
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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