Chiro Q&A: Business loan

Question from a chiropractic student asking how to get a business loan.

Step one. Identify who you want to serve.

If you serve gym rats who just want to give you cash for a one-off adjustment on a portable table, you could do a split with the gym owner you don’t need a business loan.

Just one example…

If you want to serve travelers and realize their need is productivity and comfort while they are in the airport on a business trip, you may want to open a space in the terminal. For this, you may need a loan for a build out. But you still don’t know if you do.

Which airports? This will influence cost which influences the loan amount.

Are there existing businesses that you could partner with that have infrastructure you could use to offset cost and forego the need for a loan.

Strp one: ID your who.

Your who is your why.

The needs of your who dictate your what.

Then you focus on whether you need a loan… and then… how to get one.