Ep766 | Franchising A Cash-Based PT Clinic With Ariel Edwards
Nov 26, 2024
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Dr. Ariel Edwards, co-founder of Fixxed Studios, shares her inspiring journey in establishing a cash-based physical therapy practice with a unique franchise model. She discusses her partnership with a gym owner to create innovative services like dry needling and dynamic cupping. Ariel delves into the challenges of franchising, including navigating state regulations and maintaining brand consistency. She also highlights opportunities for physical therapists seeking new career paths and her vision to expand Fixxed nationwide, enhancing wellness and flexibility in the field.
Ariel Edwards emphasizes the significance of partnering with a business-savvy individual to successfully launch and operate a cash-based PT clinic.
The decision to franchise Fixxed Studios necessitates careful planning, including creating an operations manual and navigating legal regulations for expansion.
Deep dives
Building a Cash-Based Practice
The journey to starting a cash-based practice begins with identifying a gap in the current healthcare model. The speaker emphasizes the importance of leveraging specific skills, such as dry needling, to attract clients. Collaborating with a business partner who has a complementary skill set can enhance the success of the practice by combining clinical expertise with strong business acumen. This partnership allowed for innovative service offerings, like incorporating fitness and injury treatment within a single business model, responding directly to client needs.
Effective Partnership Dynamics
Successful partnerships hinge on clearly defined roles and responsibilities from the outset. Establishing a legally binding agreement helps prevent potential disputes down the line, ensuring that both partners are aware of their contributions and ownership stakes. Open and ongoing communication remains crucial as each partner navigates varying personal and professional demands. This dynamic fosters trust and adaptability, enabling partners to support one another during different seasons of business growth and change.
Innovative Service Offerings
The cash practice has developed a unique service model centered around four core offerings, primarily involving dry needling and various mobility-enhancing techniques. Each new client receives a comprehensive evaluation followed by targeted treatment, which includes advanced modalities and personalized exercise programs. This client-centered approach not only addresses existing injuries but also promotes ongoing fitness and wellness, creating a long-term relationship with clients. The convenience of shorter appointment times, such as 20-minute sessions, caters to modern clients seeking efficient healthcare solutions.
Exploring Franchise Opportunities
Franchising the practice is an exciting expansion strategy aimed at widespread accessibility and consistent service delivery. The process involves significant preparatory work, including the creation of an extensive operations manual to guide future franchisees. Navigating legal requirements and understanding varying state regulations is essential to ensure compliance and maintain the quality of care. By offering a proven business model and support, the franchise aims to attract passionate physical therapists eager to innovate within their communities.
In this episode, Dr. Danny chats with Dr. Ariel Edwards, co-founder of Fixxed Studios, about her journey to build a cash-based PT practice with a unique approach. They discuss how Ariel partnered with a business-savvy gym owner to launch Fixxed, blending business and clinical skills, and their innovative services like dry needling and dynamic cupping. Ariel also dives into their decision to franchise, the challenges they’ve faced, and their vision to expand Fixxed nationwide while offering PTs a new career path.
Key Topics:
Launching a cash-based PT clinic with a gym partnership
Developing a scalable franchise model
Innovative PT services like 20-minute treatments and pelvic health
Opportunities for PTs seeking alternative career paths
Learn more about Fixxed Studios at fixxedstudios.com or on Instagram @fixxedstudios.