Many podiatrists are using business loans against equipment to expand and grow their business. In the process of growing many look to move their location to larger facilities.
Ideally though your chances of success would probably be much higher in a large city that does not have a podiatry college in the area. As podiatrists are very well needed in cities and more colleges becoming available. Finding a city that doesn't have a nearby podiatrist college is getting more and more difficult.
At last check from what I researched the state of Colorado would be the best place to start a podiatrist office and Wyoming would be lowest on my list due to the limited amount of residents.
Colorado is a state where the residents are very active and also open to using podiatrists for injuries, etc.
Florida also has a very large population, so ideally you have a very large client pool to prospect new clients.
Cost of living has to be taken into consideration.
In determining a location for your podiatrist practice it is best to remember that you will have the potential for success as long as you are located in an area where other people are located.
When looking for a location it may be great to be the only practice in a small town but unless the surrounding towns have a significant number of people your success rate will be very limited.
Your success as a podiatrist will be determined by the volume of clients you can bring in.
Based on where you are located in the US, cost of living expenses and other miscellaneous expenses can be very high for the following:
Rent (unless you own your building or property)
Taxes (city, state, local, municipal, federal are all included.)
Administrative salaries (Including staff.)
Utilities (gas, electric, water) - Higher in the Northeast than Southeast or Southwest.
If you live in certain areas of the US the above expenses may take a large portion of your monthly budget.
A way for chiropractors to increase their cash flow is through alternative loan programs such as bank statement loans that are available to help the podiatrist with additional cash flow.
Contact Ed Rogers at Small Business Loans Depot 919-771-4177 for details on our business loan against equipment program.