220 Nuts and Bolts of Building a Practice • Eric Grey

Money is the lifeblood of every business; it’s the Qi. And an acupuncture practice can not ignore the basics of business. The main focus of a Chinese Medicine practitioner is to deliver holistic care to patients – in essence creating a safe space to share the medicine. But if you’re in business for yourself, you have to come to terms with the idea of exchanging healing services for money. Running your own clinic is grounded in nature’s fundamental relationships of exchange; of creating and sharing value—which is a concept that underpins capitalism.In this discussion with Eric Grey, we get into the nitty-gritty of making practice work from a business and clinical standpoint. We discuss some of the snags to watch out for when going into business and running a practice. Additionally we focus on the importance of due diligence and conscious planning, adapting to your stage of development/business cycle, and having an exit strategy. The good news is the whole process can help season us into resilient professionals.Listen into this conversation on running a successful practice, working through conflicts, tending to operation issues, dealing with uncertainty, and how capitalism can be a beneficial force in your practice and community.