January 04, 2017 by Jordan Nunziato
A massage therapy business can be lucrative and rewarding to an entrepreneur and provide the opportunity to work independently or with a healthcare professional, such as an orthopedic doctor or chiropractor. Massage therapists can provide an array of services, such as therapeutic massage, sports massage, and other like services.
In a recently published article entitled, “Important Tips for Starting Your New Massage Therapy Business,” author and expert, Terry Russell, writes:
“There comes a time in almost every therapist's life when the possibility of going out on one's own comes to mind. Taking those thoughts and turning them into reality is not only daunting but can be unbelievably scary,” adding that there are numerous barriers or obstacles that must be championed before comfortably moving out on your own. “Probably one of the biggest barriers is the lack of capital. The lack of finances can create problems within themselves. It is important to realize that access to money does not assure success. There are many companies that have a steady cash flow, but still close. The single key word to any success is management.”
Below are some tips to get you started:
Determine services to offer
Lease space or contract your services
Choose a business name
File your incorporation documents with the province or state
Find financing. If you are opening a retail location, apply for a small business loan
Obtain insurance. Contact a licensed insurance agent and inquire what types of insurance your massage therapy will need to protect it from liability and malpractice
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