Things to Think About before Starting Your Own Practice A lot of doctors dream of breaking away and starting their own practice.

Owning your own practice means that you run the show. You get to make and abide by your own rules.

You report to no one except your patient and you are free to help him or her to the best of your ability.

The office gets a personal touch and you have the opportunity of making just a bit more money.

Benefits of Running the Show There are so many benefits to owning your own practice that the idea is absolutely thrilling to a lot of

practicing doctors. Before you jump up and go start your own practice, there are a few things you’ll

need to plan for.

Every new practice needs a new location and when it comes to doctor’s

offices, location is key. People want a nice, clean place to come to, in a

neighborhood that they feel safe in.

On top of that, you want to get a place that is affordable and convenient to

get to. Finding that right balance might take a while, so prepare to do some

research.

You’ll also need some financing to help afford the property. Whether you

are buying it or renting it, you’ll want to get a good financer to help you

afford all the costs for the coming year.

Include the rent, equipment and supplies you’ll need as well as salaries into

that final price. Be frugal with how much equipment and extra help you will need, but don’t skimp out

on something that you really need either.

Start thinking about applications and equipment you’ll need to be successful. Find a good appointment

scheduling program to use.

Scheduling Online appointment scheduling programs exist that can help you

place your availability online and allow your patients to fill in the

schedule for you. This software could save you a few hours of extra

work you would have to pay an employee or yourself, and hence,

reduce your total costs.

Other, similar programs exist that can help you with any number of

tasks you’ll need to get done. Begin planning for a staff.

No doctor’s office is complete without a receptionist or two. Nor is it easy to handle a large amount of

customers without a nurse or two to go before you and help diagnose the problem.

Consider the size of your practice at the beginning and talk to people you like to work with. They might

want to jump on board with you to help you out.

Get them on board now and hire them when you go through with your plans. Should the office space

you choose have more rooms than you know what to do with, consider inviting a doctor you trust to

come onboard as a partner.

With the added partner, a lot of your own work to build the business can be shared and the clientele

you both bring with you can help the business get on its feet faster. Begin planning now, so that you

won’t be caught off guard when it comes time to split off on your own.