The first decision is to decide to do it and overcome that fear. Location has to be factored into your business plan. You should have estimates for overhead expenses, a and an employee salary. What types of casesa, what is the entrance climate for reimbursements? Ah, in those areas? And who are your competitors? I think you need to really look at that. But for us, that's, that was critically important.
When you own your practice, you're able to give better care, have more control and less burnout over your professional life. In general, you make more money too. So, it is mostly all positive, although it does take some work upfront. Will and Juli Albright have been sharing their knowledge of practice startups on the blog for a couple of years, since they started their practice, Alamo Plastic Surgery. Will is the surgeon and Juli is the chief financial officer. They both join us in this episode to talk about their motivation to open a practice, the steps it took, the biggest obstacles and challenges, navigating salaries and benefits for employees, guarding against embezzlement, and marketing the practice. https://www.whitecoatinvestor.com/medical-practice-startup/
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