Tell us more about your new venture!
We will contact you to determine how we can help you achieve your own dream clinic
Congratulations! Opening up a new clinic can be exciting and daunting at the same time. As you know, you have several options. One is to go it alone with key manufacturer support, while another is to partner with investors or groups who will buy part of your practice in something like a 70/30 or 60/40 split.
You may find this appealing but it may not be your best option in the long term with respect to exit strategies, profits you will be making long-term, and the relative value that the co-ownership produces for you in the future.
You have another option - Ear Works inc. turnkey solutions. This means that you take your vision and engage Ear Works Inc. to do the whole or any part of the process. Your general steps will be
- creating a business plan
- finding, vetting and choosing key professional support including bookkeeping, legal and IT
- legal, incorporation and accounting requirements
- negotiating optimal supplier agreements
- finding an office
- equipping the office
- setting up IT - network, computers, software
- furnishing and designing the office
- creating a brand, letterhead, image, business cards
- creating brochures and print material
- deciding on and choosing marketing
- creating a website
- planning a launch strategy
- hiring staff
- executing the launch strategy
- engaging key referral sources
- managing media PR campaigns
- follow up support, evaluation and adjustment
We can do it all or any part of these key milestones for you. A clear and concise flat fee summary of work is created, the milestone activity is tracked in a private and secure online site so you know exactly how the timeline is proceeding and whether the goals are being achieved on time.
Costs are generally profit shared once the clinic starts earning for a defined limited period of time so there is no cost up front, and any payments that are due are determined on the success of the clinic. This gives Ear Works Inc. the incentive to do a superlative job at getting it right and making you successful from the start.
You don't have long-term commitments, only short term payment responsibilities once you generate cash flow, and not before. The only up-front costs you have are the actual assets and products you need to buy to equip, furnish and prepare your office - including office costs, professional fees for non-Ear Works consultants, software, hardware, rent, furnishings, equipment and so on. Ear Works Inc.'s professional fees are waived until the clinic produces cash flow, and limited for a period of time so you don't have up-front costs, only fees for a short time after becoming solvent.
Ear Works Inc. takes the risk that if the company does not succeed that all incurred costs and expected revenue will be lost and therefore not earn anything on the efforts provided. Therefore we will carefully assess whether any given new start-up fits the criteria for the risk Ear Works Inc. has to put forward. To this end you will just need to send us a vision statement outlining exactly what you want to see the end solution to look like, and why you think it is worth the risk for Ear Works Inc.
Weigh your options and see what we can do to make you rise to the top faster with less stress and lower cost than alternative solutions.
