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Chiropractic Practice Management:
Advice for Future Entrepreneurs
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Sherman’s partnership with TLC4Superteams trains students so they can start their own practices after graduation
Thinking back to when he first began his chiropractic career, Dr. Edwin Cordero, president of Sherman College, recalls: “One of the main things I realized when I entered the profession is that when I graduated, I didn’t have the necessary skills to open a practice. That made it very challenging.”
While he rose to the challenge and managed a successful practice for 19 years, those first years were a difficult adjustment.
Now, as the fifth president of Sherman College, Dr. Cordero is working hard to ensure that future graduates can make a smoother transition into the world of practice management. His goal is “to offer our students the opportunity to develop that business acumen that I had lacked, to receive the entrepreneurial skills they need to run their own businesses because a practice is truly a business.”
How is he achieving that goal? Read on to find out how Sherman College’s newest initiative helps prepare chiropractic students for practice management success.
Sherman Partners with TLC4Superteams: Practice Management
To help students graduate with a thorough understanding of the ins and outs of managing a practice, Sherman has partnered with the chiropractic coaching company TLC4Superteams. Together, they have developed an innovative new Practice Success Program. After five years of careful planning and piloting exchanges, the first formal sessions are now being integrated into Sherman’s curriculum.
Sessions take place during the first two days of each academic quarter. The classes bring in top industry professionals, each one focuses on different aspects of starting, maintaining, and building a successful chiropractic business practice. Topics range from what type of practice to open, to what steps to take during the 12 weeks prior to opening that new clinic.
Sherman students will complete the program with a clear understanding of how to market their skills as entrepreneurs, and successfully launch their brand-new practice.
Visualization & Self-Reflection to Map Professional Goals
During their first session with TLC4Superteams, students learn the steps of planning a successful chiropractic practice. They begin by creating a personal storyboard in order to visualize their greatest joys as prospective chiropractors, future goals for their practice, and their own individual paths to success.
The storyboard helps students articulate their professional goals and create a roadmap to success
The session, aptly named “The Practice of Your Dreams, Part 1: Your Toolboxes to Growth,” guides students through completing a portfolio, performing a self-assessment to determine strengths and weaknesses, and which type of practice would suit them best.
Learn to Budget for Practise Management Success
After building their success “toolbox,” students move on to the next phase their chiropractic practice management success program.
The second session, “Budgeting to Success,” is led by a TD Bank professional who teaches students the ins and outs of careful financial planning. Among other things, students learn how to manage their loans while in college, so by the time they graduate, they are positioned to launch their own practice.
Sherman students learn the ins and outs of building good credit and other essential practice management skills
Equipped with best practices in patient care AND a fundamental understanding of business management, Sherman students are well on their way to launching chiropractic practices build for long-term success!
Wondering what other skills doctor of chiropractic students build in the practice management sessions?
Visit Sherman College for full details, and to learn more about admission!
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