$250K Lifestyle or $1M+ Business? Design the Clinic That Fits You with Manju Asdhir

$250K Lifestyle or $1M+ Business? Design the Clinic That Fits You with Manju Asdhir

In this episode of The Clinic Boss Show, Rick sits down with Manju, a chiropractor and former clinic owner, to unpack the real journey behind starting and scaling a healthcare practice. Manju shares how she built a thriving business with a $20K startup budget, overcame early struggles, navigated COVID, and ultimately created a sellable asset - while staying true to her lifestyle goals.

From $2K per month and burnout to a 7-figure exit. Manju went from exhausted associate to leading a 17-person team and selling her clinic for millions. All within 9 years. She launched just 2.5 years out of school, built a thriving solopreneur practice, then decided to go all in. She built a business that ran without her.

Whether you want a simple lifestyle clinic or a million-dollar machine, Manju proves both are possible.

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Timestamps:

(00:37) Manju's Journey to Clinic Ownership
(04:50) Challenges Faced by New Graduates
(07:34) The Decision to Open a Practice
(15:24) Building a Community Connection
(18:20) Taking the Leap into a New Space
(21:32) Startup Costs and Initial Investments
(24:13) Revenue Growth Over the Years
(28:02) Marketing Strategies and Patient Acquisition
(32:34) Adapting During COVID-19
(39:07) Expansion and Selling the Business
(43:38) Valuing a Business: Insights on Worth
(44:40) The Benefits of Buying an Existing Practice
(47:18) Building a Lifestyle Business vs. a Million Dollar Clinic
(50:36) Understanding Your Intent: Lifestyle vs. Ambition
(54:22) Preparing for Practice Ownership: Steps to Take
(59:12) Marketing Strategies for Your First Clients