It often makes sense, as a medical provider, to go into business for yourself. You can set your own hours, set your prices, and have control of all aspects of the business. If you are a physician that is considering private practice, you will want to keep the following planning tips in consideration. Not every physician is prepared to handle the business side of a medical practice.
Are you able to obtain financing?
Opening any business, even a medical practice, takes a lot of capital. You may be able to get financed for your business. However, this will require exceptional credit, a good down payment, and a strong business plan. Lenders want to know that you have more than a medical degree. You will have to prove your business plan and how you will make m