Are you considering starting up your own practice? If so, you may have these questions:

  1. What is the process of starting up a practice?
  2. How much will I need to borrow from the banks?
  3. How long before I can become profitable?
  4. How do I best obtain financing?
  5. How do I create a workable business plan?
  6. How should I hire and what rates should I pay my staff?
  7. Should I be set up as a sole proprietor, LLC, corporation, or partnership?
  8. How do I properly negotiate with a landlord?
  9. How do I account for my expenditures?

PracticeCFO has a specific road map for helping doctors start up a practice. We help you develop a business plan, forecast cash flows, establish compensation structures, obtain financing, and form your legal entity. Additionally, we do so at a very low cost point to help you get started.

The benefits to you include:

  • Feel confident having a financial partner with you from the beginning.
  • Avoid costly mistakes.
  • Understand your finances and what expenditures are appropriate and what expenditures are not.
  • Determine what is an appropriate personal living budget during the start up period.
  • Know you formed the appropriate legal entity for your practice
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