Welcome to the Planning for Practice Success Newsletter

Practice Startup Success
Information Advice Encouragement

February 19, 2007
ISSN 1934-3248

QUOTE: Faith that the thing can be done is essential to any great achievement. -- Thomas N. Carruther

In this issue:

IMPORTANT NEWS - About your new Medicare NPI number Faith and Destination Success
Forms: hiring, PR, others
Tips: Productive office space

NPI Number:  If you are graduating soon and want to begin some of the process of getting approved as a Medicare and insurance provider, I have great news.  You can apply for your NPI (National Provider Identifier) number as a student.  Just use the student code for now and submit a change when you receive your license.  I checked directly with the NPI people and they said this is acceptable for chiropractic students. To start the NPI application process, go to the NPPES website:
https://nppes.cms.hhs.gov/NPPES/Welcome.do.  Use Student, Health Care (390200000X) as the code.

It's about Faith and "The Secret." I watched "The Secret" on the Oprah show last week.  I'm very excited about this concept, because I believe that having faith in your ability to succeed increases the possibility of success in anything you do, including starting a chiropractic practice.  If you want to know more about "The Secret" go to their website (www.thesecret.tv) or do some reading.  I wrote an article for the most recent Palmer Beacon, which you can read by going to this web page: http://www.dcpracticesuccess.com/the_secret/

Consider signing up to attend Destination Success at the Palmer Davenport campus on March 31.  For more information go to their website at http://www.palmerdestinationsuccess.com

Some free forms from Hewlett-Packard, for small businesses, including hiring forms, a PR release:  http://www.hp.com/sbso/productivity/office/hr_forms.html

Tips: "Productive" Office Space.  I've had discussions with several clients recently who are concerned about taking on too much office space in a lease.  A "typical" chiropractic office (if there is such a thing) is about 1000 to 1200 square feet.
Unless you are getting a GREAT deal on this space (say, under $10 a square foot), don't get talked into leasing more space.

Here is an example:  Let's say you lease 1800 square feet.  That means you have 600 square feet that is "excess."  At $20 a square foot, that means you must pay an additional $1000 a month for unproductive space; i.e., space that you aren't getting any revenue from.  Now, if you can find a productive use for that space; say, by letting a massage therapist use it or by selling some products that can give you at least $1000 a month, it might be worth it.  If you use it for a classroom in which to give lectures, you are not getting additional funds from the space.  (You could as easily do the lectures in the public library at no cost.)  In other words, if a real estate agent tries to convince you "This is the only property available in this area so you'd better take it," check that story and think long and hard before you agree to rent unproductive space. For more information, get the "Leasing Your Office" book:
http://www.dcpracticesuccess.com/p4ps_orderpage.html
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Ask Dr. Jean Murray a question: email her at jean@dcpracticesuccess.com
Order Planning for Practice Success or one of our other
products or call our toll free number at any time (24/7): 1-866-940-7526

Best wishes for your continued success,

Jean Murray
Planning for Practice Success
Online at http://www.dcpracticesuccess.com

The most absurd and reckless aspirations
have sometimes led to extraordinary success.
-- Vauvenargues

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