Financing
| You’ll want to start this process approximately 15 months before you plan to open your doors.
Start recording all business-related expenses and save receipts |
 |
Two months to opening
Meet with supplement companies
All of the supplement companies would like their products in your dispensary. Use the information provided in the grad bags to initiate contact with the companies. Ask for new grad terms for your clinic. Many companies will have special pricing for you.
Speak to other NDs about this, and learn from others’ mistakes. Most will tell you that when they started out, they sank FAR too much cash into supplements that just ended up expiring on the shelf. Others will say that they bought many supplements for conditions they thought they would be treating but now are not. If you live in the GTA you may want to consider using BMS as a resource at the beginning when volume is low. Also consider that most supplement companies have a very short turn-around time and you can always have supplements directly shipped to your patient. Ideally, you want to purchase a supplement from a company on your credit card, and sell it before you pay for it (i.e., before your credit card bill is due).
