Tips in starting your own practice.

1. STARTING YOUR OWN
PRACTICE
Dr. H. Maloo

2. Career Options
1.
2.
3.
4.
5.
Employed – Salry based
Associate – Salary + Commission
Partner
Owner
Corporate

3. Choosing a Type of Private
Practice


Specialist
Generalist

4. Selecting a Location



Location, Location, Location
Demographics analysis of area
Accessibility

5. Staffing Your Practice
What to look for:
 Great personality
 Teamwork
 Self motivated (entrepreneurial staff)
 Qualified

6. Practice Management Systems



Proprietary (hire developers)
Custom built (professionals)
Off the Shelf

7. Marketing





Advertising
Coupons
Patient referrals
Online advertising
Word of mouth

8. Financial Planning



Loan (Qardan Hasana)
Equity Partner (Silent Partner)
Financing arrangement with previous owner

9. Specialist Referrals and Practice
Advisors

Building your network (in and out)

10. Professional Ethics

Good work
 Continuing

education
Patient comes first
 That
will build your business