So you’ve been burned by a scammer, or just want to try a different approach to growing your practice.
No matter why you’re looking to change horses in the middle of the stream, you probably have a clear picture in mind of what a successful practice should look like.
But if you’re trying to change horses in midstream, you’re in for a rude awakening. Starting from the ground up is a recipe for disaster.
In order to bring the kind of success you desire, you have to lay a solid foundation. In this article, I’m going to share with you everything I know about building a successful practice from the ground up. By the end of it, you’ll know exactly what to do to create the successful practice you deserve.
Why Should You Build a Practice From the Ground Up?
If you’re like most doctors, you’ve probably considered the possibility of building a practice from the ground up. You’ve probably thought about all the perks that come with being your own boss, having the freedom to set your own hours, and not having to answer to anyone else. But if you’re looking for those luxuries, you’ve come the right place. Because here’s the thing – those are all wonderful things, and they come with a HUGE price tag.
In the process of searching for the perfect place to settle down and start a family, you’ll quickly discover that owning a practice is hard. It’s not just the lack of free time you have to deal with, but the massive amount of administrative tasks that come with the job. Even if you do somehow find the time to attend to all those pesky administrative tasks, there’s still the never-ending struggle to keep your practice afloat financially. It’s a constant uphill climb, and it gets more complicated with every passing year. With so many uncertainties in life, why should you put yourself through that? Why not just enjoy what you have while you can?
By contrast, you’ll see all kinds of success stories when it comes to doctors who’ve decided to change horses in the middle of the stream. Some of them got burned by the existing system, and they decided enough was enough. They saw how the hustle and bustle of daily practice wore them out, and they decided they didn’t want to put themselves through that anymore. So they did the only logical thing – they left. And guess what? Those are some of the rarest successes you’ll ever hear about. Because not only did they have the guts to do what they wanted, but they were also smart enough to know what they were doing. And that’s what makes all the difference. You can’t just will yourself to success. You have to know what you’re doing. And that’s why every doctor I know of who’s decided to become a solo practitioner started off by building a small practice first.
What Type of Practice Should You Build?
As I mentioned above, you’ll see all kinds of success stories when it comes to doctors who’ve left their jobs as part of a group and decided to take the plunge and be their own boss. But that doesn’t mean you should do the same. You have to carefully consider what type of practice you want to create. Because not every practice is made equal. There’s more than one kind of practice out there, and they all have very specific perks and advantages. So think about the kind of doctor you want to be, and then build your practice around that. If you want to be the kind of doctor your patients can trust, then you should probably opt for a solo practice. But if you want to save money for your family and have more than one child, then you might prefer to team up with some other doctors and form a partnership. And trust me, having a team of doctors you can trust is worth its weight in gold.
How Many Patients Should You Have?
The number of patients you have is something you’ll have to consider carefully. It’s all well and good having a lot of patients, but if your practice isn’t equipped to handle that volume, you run the risk of overloading yourself. Take your time deciding what number of patients you should aim for. Start small and then gradually increase your patient count until you find the right place. Remember, you can always expand your practice once you find the right location and have the money for more rooms. The key is to find the right place and the right time. So don’t just rush into it.
Hopefully, you’ll find this article helpful. At the very least, it’ll make you think twice about rushing into opening a practice without fully considering all the implications. Building a successful practice is no easy task, and it requires a lot of planning and research. So before you jump into anything, make sure you do your research and see how others have done it. Don’t just copy-paste what you’ve seen online or what someone else has told you will work, because that can land you in serious trouble. Think about all the implications and the ramifications of what you’re about to do. You’ll be much happier in the long run if you take the time to do it properly.