![]() Professional license: $100 average/year, depending on where you practice.Some expenses will be part of your business forever. Your marketing materials: Business cards, $100Īverage total product cost: $2,030 Ongoing Expenses.Your lubricant to start with: Oil, lotion or cream, $100.Your ambiance: Lighting, client chair to sit in, decorations for room, $100.Your linens: Eight sets of sheets, and a variety of large and small towels, $200.Your table setup: Massage table, rolling stool, table pad or heater and bolsters: $1,500.There are certain products you must have to start your massage therapy practice. Products Needed to Start a Massage Practice The money you spend, for example, on the laundry, lubricant, paper you used for a gift certificate, and rent are always tax deductible. Expenses will be different depending on where you live.)Īlso on the bright side, anything that is used in your business, for your business, is a tax expense. On the bright side, start-up costs are typically a one-time expense, and your ongoing costs are controllable based on the choices you make related to smart budgeting. The business expenses that I’ve listed below are separated into two areas: start-up and monthly reoccurring costs. All you need is a quiet and manageable space with restroom facilities, a massage table, sheets and towels, music, lighting, lubricant, and a way for people to schedule with you.Īssuming you already have your professional or business licenses and insurance paid for, below is a general list of common massage business start-up costs. Massage therapy is probably one of the least expensive businesses you can start. Itemized Costs to Start a Massage Practice Now, let’s look at some typical costs of opening your first massage business. Success in owning your own massage therapy practice takes knowing where you are financially at all times, some ingenuity, and good old-fashioned elbow grease. This is all completely doable, if you learn to budget appropriately. ![]() The scariest part of working for yourself is understanding you now have two budgets - one for your personal life and one for your practice - to maintain, while also keeping track of your expenses and paying your taxes. As soon as you have extra revenue coming in, you can begin to invest in the things you really want for your office.ĭecorating, even on limited funds, is a fun aspect of running a massage practice. ![]() Create a comfortable, clean and inviting environment with what is available and affordable to you. Spend as little as you can to get things running. If you are starting out with little to no clientele, you will need to find the most affordable situation that allows you to build your business.įor example, don’t waste time or money on things you think will make you successful, such as a water feature in your massage room. Starting a business does not require you to have the perfect room you pictured in your mind for your clients - but that can all come later as you become more profitable. The best thing you can do for yourself in the meantime is to not lock yourself into a high level of monthly expenses you can’t afford two months from now. You may not know exactly how to do that just yet, but it won’t take very long for you to figure this out. Knowing how to sell your service and skills will bring you clients and make your business successful. ![]() Just because you spent money to set up an office doesn’t mean clients will find you. What is the boring special ingredient that makes a business successful? Budgeting your money.įear not with basic information about how to budget when starting a business, you will be able to direct your enthusiasm in a realistic way that results in clients and income. It also takes a pretty boring special ingredient. It takes more than enthusiasm to start your business. The problem with blind enthusiasm is it often gets misconstrued as a sense of security that makes you believe your ideas for a business are definitely going to work and you are definitely going to be successful. What is that thing? It is blind enthusiasm. That thing is a palpable driving force building up inside of you, generating all kinds of thoughts, feelings, hopes and excitement. It takes more than enthusiasm to start a massage practice it also takes budgeting your money to be successfulīased on my experience helping new massage therapists put together their first-year business plans, I know there is this thing that happens to many of you in fact, you might actually have this thing going on right now, if you are thinking of working for yourself. Amy Bradley Radford, L.M.T., B.C.T.M.B.The MT’s Guide to Budgeting for Startup Costs & Monthly Expenses ![]()
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