There are a number of reasons why people go into the chiropractic business. For one thing, chiropractors are well compensated, earning a median annual wage of more than $66,000 as of May 2012. There also is a lot of growth in the chiropractic industry, with the number of jobs expected to grow 15% from 2012 to 2012, which is faster than the average for all jobs.
And it’s easy to see why so many jobs are available for chiropractors. The American Chiropractic Association estimates that 80% to 90% of Americans suffer from back pain each year, and they spend a combined $50 billion dollars trying to get relief.
That may seem like a dream come true, but running a chiropractic business is hard work, and it may not be something that a chiropractor can handle on his or her own. Most chiropractors want just to be a chiropractor and don’t want to be a business manager as well. However, that is an important part of having a chiropractic business and often an unavoidable task.
Those chiropractors could benefit from coaching for chiropractors. Such coaching can teach management for chiropractors so that they better know how to run their businesses. Among the things coaches can provide are advice on how to do the administrative tasks involved with running a chiropractic business, recommendations on staff to add or what functions can be outsourced, and ways to operate the business office functions more efficiently.
Chiropractic management can be tough, and chiropractic schools usually don’t offer very much when it comes to education in how to run a business. That’s why business and management coaching for chiropractors can be so important. In fact, it could mean the difference between a profitable chiropractic practice and one that fails financially.