The Hassles and Risks of Starting a Practice

Thinking about these issues? Don't waste your time. Leave that part to us. Do what you do best and take care of your patients and growing your practice.

• Is this the right market?
• What are the demographics of this market?
• Can I attract new patients?
• Are the demographics right for my practice? Or am I offering the right services?
• Should I hire an architect and buy land? Or lease and renovate and existing space?
• Who will maintain the building and grounds?
• How much will it cost to build out the space, buy equipment and stock up on supplies? Should I lease equipment? What should I be paying?
• How do I start a budget?
• Do I need to advertise? Through what channels? With what message? And for how much?
• When do I hire staff?
• How much should I pay each position? How much do I pay myself?
• What is a P&L? And how do I read it?
• What is ROI and how do I know if it is good?
• Can I offer healthcare and retirement benefits to my staff? How much will that cost?
• Should I accept insurance? Who will submit the claims?
• How will I know if my office is OSHA compliant?
• How will I ever get to take a vacation? Who will cover for me?
• When will my office be profitable? And when can I pay off my debt?
• How do I get financial reporting? Can I do it myself?
• Should I hire a payroll company? Or do it myself?
• If someone calls in sick or quits?
• What if this doesn’t work out for me?

Let us take the guess work out of starting your own practice.