Start-Up Expenses
You will need to figure out how much capital you'll need to get your practice started. Below are some things to consider. Not all may apply to your situation.
Estimate the costs for the following:
- Office space (rental, renovations)
- Furniture and fixtures
- Utilities
- Cleaning services
- Clinical materials (tests, toys, equipment)
- Office supplies
- Communication/technology (phone lines, internet access, computers, web site costs)
- Inventory (things you will sell; for example, feeding spoons, manuals, etc.)
- Initial advertising
- Insurance (liability, workers compensation, building and assets)
- Permits and licenses
- Legal fees (for setting up business)
- Other consulting fees (accountant, technology)
- Taxes
- Salaries and benefits (if you will be hiring employees)
- Retirement funds
Adapted from "Start Smart! Developing a Business Plan for Success," presented at the ASHA Health Care 2009 and Business Institute by Shari Robertson, PhD.
