Real-Life Math -- Solution
Bonnie's clinic
Expenses: $2,000 + $200 + $1,000 + $100 + $200 + $150 = $3,650
Gross income: $70 x 100 = $7,000
Net income: $7,000 - $3,650 = $3,350
Rahim's clinic
Expenses: $1,000 + $175 + $100 + $150 + $100 = $1,525
Gross income: $60 x 70 = $4,200
Net income: $4,200 - $1,525 = $2,675
Bonnie earns more than Rahim, so according to this scheme you might want to adopt her budget plan.
Before you do, remember that she sees 100 patients per month. Will you be able to see that many?
"I usually see 6 people in a day," says acupuncturist Elaine Komarow. "Many practitioners will see many more."
Analyzing budgets is one way to figure out how to run your new clinic, but there are many other things to consider, so think hard before you make a decision. Good luck with the grand opening!