June 2004 – Dr. Stephen Dominguez, freshly moved to Alice Springs, found himself standing amidst the breathtaking yet rugged landscapes of the Northern Territory. With a burgeoning passion for both chiropractic care and the great outdoors, he saw a unique opportunity to blend his professional skills with his personal interests. This was the humble beginning of what would become a thriving chiropractic practice, deeply rooted in the community and supported by Newal Funding Group.
The Early Influences
Dr. Steve’s fascination with the human body and its healing capabilities began during his undergraduate years at the Royal Melbourne Institute of Technology (RMIT), where he completed a Bachelor in Clinical Science and a Bachelor of Chiropractic in 2000. His early career was marked by a dedication to learning and a drive to expand his skill set, which eventually led him to pursue the International Certificate in Sports Chiropractic (ICSC). This commitment to continuous education laid a strong foundation for his future entrepreneurial endeavors.
The Journey Begins
Upon moving to Alice Springs in 2004, Dr. Steve quickly recognized the town’s need for specialized chiropractic care, particularly for the local athletic community. Drawing on his sports chiropractic certification, he started offering tailored services to athletes involved in events like the Tatts Finke Desert Race and the Alice Springs Masters Games. Balancing his growing practice with family life, Dr. Steve managed to build a reputation for providing comprehensive and compassionate care.
The Turning Point
A significant turning point in Dr. Steve’s career came when he decided to invest in advanced chiropractic techniques and equipment. This decision was inspired by an encounter with a visiting renowned sports chiropractor who emphasized the importance of staying at the cutting edge of the profession. Realizing the potential to make a greater impact, Dr. Steve sought ways to expand his practice, but faced financial constraints that threatened to stall his progress
Hours delivered back to the business
SOX compliance in Settlement process automation
Success rate of bot case completion
For functional release of OBT, RTS and OGS
The Chalange
Despite his expertise and dedication, the financial demands of acquiring new technology and expanding services were daunting. This is where Newal Funding Group entered the picture. Known for their supportive approach to small business loans, Newal Funding Group provided Dr. Steve with the financial backing needed to upgrade his practice.
What did
Newal Funding do
With a loan of AUD 200,000 from Newal Funding Group, Dr. Steve was able to purchase state-of-the-art chiropractic equipment and enhance his clinic’s facilities. This investment allowed him to introduce new services, such as mechanically assisted techniques and specialized soft tissue therapies, catering to a wider range of patient needs. The funding also enabled Dr. Steve to hire additional staff, including a sports massage therapist and a rehabilitation specialist, thereby expanding his clinic’s capabilities.
Future Projections
Today, Dr. Steve’s practice is not just a chiropractic clinic but a community hub for health and wellness in Alice Springs. Looking ahead, he plans to further integrate technology into his practice, including virtual consultations and telehealth services, aiming to reach even more patients in remote areas. Dr. Steve also envisions establishing a wellness center that combines chiropractic care with other holistic health services.
The Results
- 35% increase in patient visits within the first year
- 50% growth in annual revenue due to higher patient volume and premium services.
- 25% rise in community referrals from local sports teams and organizations.
- Introduction of five new chiropractic techniques and therapies, expanding service offerings.
- Expansion of the team by hiring two additional healthcare professionals.
