Category: Business planning
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Competitive analysis using Google Maps and CMS data
One of the most important part of any business plan is the competitive analysis. There are consulting agencies that will do this for you, but they cost thousands of dollars. I found that using Google Maps to identify the names and locations of my competitors along with the Medicare Physician & Other Practitioner Look-up Tool…
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Small business loans for doctors
Before starting my own journey into private practice, I asked my friends and colleagues who had opened private practices of their own how much money I needed to get started. The number that most of them told me was $300,000. I kept this number in mind when I started drafting the business plan that I…
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Choosing business bank accounts
One of the first accounts I opened for my new business was a business checking account. This account serves as the primary place for me to deposit money earned, and pay for business expenses. I primarily use Chase because I think they have one of the best mobile apps, and I frequently use built-in app…
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Setting up a business entity
Going from a salaried, W2-employee to setting up a business can be daunting for a physician. There are several steps required to legally form a business entity recognized by the Internal Revenue Service, and then set up accounts and services to efficiently run the business. Luckily, it’s really not hard to get this done properly…
Private Practice Pain Doc 