Start up a practice

(+) Positives

• You’re the boss and will continue to build the practice for yourself.
• Income potential is great and only limited by the hours you want to work.
• Flexibility to select own location, hours.
• You institute your own practice operations /procedures / staff to suit your style and personality.
• You determine clinical/treatment style/beliefs, select equipment, leaseholds and furniture to suit your needs.
• Flexibility to implement own marketing plan/ideas.
• No previous technique/philosophy/personality conflicts to deal with.

(-) Negatives

• Small patient volume to start and slow to build.
• Large initial start-up/capital required and will experience initial negative cash flow to start.
• Have to establish own clinic contacts, suppliers & hire and train staff.
• Hard to find experienced staff, difficult to take a vacation.
• No opportunity to view / learn other practice operations / procedures or treatment styles.
• You are responsible for and determine practice operations / procedures.
• Requires a lot of time and energy compared to other options.
• Responsible for all overhead/expenses, administrative duties, and need to have business skills to operate a clinic successfully.
• May have to spend more money on marketing in first few years.

Next: Associate