When Ernie and Rhoda Blake founded Taos Ski Valley in 1955, they began with a vision, a remote location, and a camper to live in. Their dream of creating a destination ski area, now with an estimated annual revenue of $66 million, is a testament to the importance of vision and real estate in growing a successful venture. Similarly, in the world of allied healthcare, the space where you provide your services plays a pivotal role in the growth and vision of your practice.

Mobile Clinics: On-the-Go Considerations

For those clinicians providing services in clients' homes, schools, or other clinics, your workspace is mobile, yet its planning is no less critical. Efficiency is key when considering drive time, targeted zip codes, reimbursement for travel, and how commute times impact your day. Embrace the freedom of mobile practice while optimizing for efficiency and satisfaction.

Home-Based Practice: Blending Personal and Professional Worlds

Starting from home is an attractive option for many clinicians due to its convenience and cost-effectiveness. However, it requires careful consideration of safety, client access, and legalities. From ensuring appropriate insurance coverage to checking business license requirements, it's vital to address both the personal and business implications of a home-based practice.

Stepping into Clinic Space: Financial and Operational Planning

Renting clinic space is a significant step that goes beyond the rent. Consider all occupancy costs, potential renovations, and furnishings, and translate these into billable hours needed to not just survive but thrive. Remember, smart budgeting and a bit of elbow grease can significantly reduce initial costs. Partnering with a trusted real estate advisor can navigate you through this process, ensuring your space aligns with your practice's needs and budget.

Location and Accessibility: Finding the Right Spot

The location of your practice can significantly impact its accessibility and visibility. While some practices benefit from road visibility and foot traffic, others might rely more on reputation and word-of-mouth. Regardless, ensuring that the space is convenient, accessible, and has ample parking is crucial for both you and your clients.

As your practice evolves, so will your space needs. Starting with a clear vision and making strategic decisions about your practice's location and operational base can profoundly affect your growth trajectory, much like the Blakes' vision for Taos Ski Valley. Whether you’re zooming around the city to see clients or contemplating the leap to a physical clinic space, each decision about real estate is a step towards realizing your practice's full potential.

Resources

Taos Ski Valley