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Module #5: Launching a Successful Practice

Module #5: Launching a Successful Practice

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Module #5: Launching a Successful Practice. Clarify pros and cons of seeking outside employment. Identify an appropriate sequence of steps for launching your massage career. Create an effective strategy and identify tools for job hunting. Lesson One: Seeking Employment. Look inside - PowerPoint PPT Presentation

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Page 1: Module #5: Launching a Successful Practice

Module #5: Launching a Successful Practice

Page 2: Module #5: Launching a Successful Practice

Lesson One: Seeking EmploymentClarify pros and cons of seeking outside

employment.Identify an appropriate sequence of steps

for launching your massage career.Create an effective strategy and identify

tools for job hunting.

Page 3: Module #5: Launching a Successful Practice

Steps to Landing a JobLook inside

Look outside

Show your stuff

Page 4: Module #5: Launching a Successful Practice

Lesson Two: Resume, Cover Letter & InterviewingIdentify key components to putting

together an effective resume and cover letter.

Review effective interviewing techniques.

Page 5: Module #5: Launching a Successful Practice

Criteria for Demo MassagePressureTemperatureDrapingPractitioner talkingPractitioner listeningSmooth strokes between transitions

Page 6: Module #5: Launching a Successful Practice

Lesson Three: Individual Career PlanningReceive input from classmates on resume

and cover letter.Set goals and objectives for starting your

massage therapy career.

Page 7: Module #5: Launching a Successful Practice

Lesson Four: Self-EmploymentClarify pros and cons of self-employment.Describe different types of business

structures.

Page 8: Module #5: Launching a Successful Practice

Types of BusinessesSole proprietorshipPartnership

◦General◦Limited

Corporation◦LLC◦C Corp◦S Corp

Page 9: Module #5: Launching a Successful Practice

Lesson Five: Business PlanIdentify the components of a business

plan.Begin designing business plan.

Page 10: Module #5: Launching a Successful Practice

Lesson Six: Laws, Regulations & Insurance RequirementsIdentify legal and regulatory issues that

you need to know when opening your practice.

Clarify insurance requirements to protect yourself against loss.

Page 11: Module #5: Launching a Successful Practice

InsuranceProfessional liabilityGeneral liabilityPropertyBusiness interruptionDisabilityWorker’s compHealth/medical

Page 12: Module #5: Launching a Successful Practice

Lesson Seven: Market Need, Services & Products, PricingEstimate the size of your market.Determine the services and products your

business will offer.

Page 13: Module #5: Launching a Successful Practice

What to Offer and How Much to Charge?Services?

Products?

Pricing?

Page 14: Module #5: Launching a Successful Practice

Lesson Eight: Business Policies & Procedures; Professional AssistanceDetermine the policies that will govern

your business.Evaluate whether or in what areas you will

hire professional assistance.

Page 15: Module #5: Launching a Successful Practice

Policies and Procedures Client policies

Business policies

Employee policies

Page 16: Module #5: Launching a Successful Practice

Lesson Nine: Financial PlanningConstruct a financial plan.Describe the basics of selling, buying, or

closing a business.

Page 17: Module #5: Launching a Successful Practice

Lesson Ten: Summary & ApplicationSummaryReview questionsChapter quizApplication

Page 18: Module #5: Launching a Successful Practice

Lesson Eleven: PresentationsDeliver presentations on Potential

Employers.