Starting a solo practice is one of the most rewarding yet challenging journeys a physician can take. While the freedom of ownership is empowering, it also comes with full responsibility—especially when things don’t go as planned. Mistakes are inevitable, but they don’t have to be setbacks. Instead, they can be opportunities to refine your approach, […]
Ownership Also Means Owning Up to Your Mistakes Read More »
I challenge you to find even one associate at a private equity ophthalmology practice who genuinely says, “I love my job.” Take your time, search thoroughly—use Google, ask around, do whatever it takes. I’ll wait. Did you find anyone? The reality is, the cons of working as an associate in a private equity (PE) group far outweigh
Why I Ditched PatientPop and Built My Own Website Using WordPress When it comes to running a successful medical practice, having an efficient and professional online presence is key. For a while, I relied on PatientPop to handle my website and appointment scheduling. Unfortunately, what seemed like a convenient solution turned into a frustrating experience.
Make Your Own Website for your Office Using WordPress Read More »
How Much Does a Solo Practice Doc Make? Did you know it takes ONLY 4 Patients to Break Even? A Low Overhead Leads to a Great Income How many patients do you see a day? Are you seeing 30+? 40+? 50+? 60+? Odds are, you are being significant underpaid as an eye doctor. Let me
It Only Takes 4 Patients? The Truth About the Income For a Solo Practice Doc. Read More »
I never thought that I would start a medical practice. When I was a pre-medical student years ago, I had only dreamed of being a doctor. I thought being a doctor was enough. I thought that I wouldn’t mind any working environment as long as I could have a direct role in patient care. Little
How I Found the Inspiration to Start a Medical Practice Read More »
Forming an LLC and Obtaining an EIN is a lot easier than you may realize. This is something that every medical practice will do, and it’s pretty fundamental. In our last post, we went into detail the pros and con’s about LLCs and C-corps and S-corp tax election. In general, I always recommend forming an
It’s Super Easy: How To form an LLC and Obtain an EIN? Read More »
Don’t Be A Statistic: Find the Right Job 50% of ophthalmologist will leave their first job within 2 years. That is a crazy stat. In fact, there are some sources that put it closer to 80%. There are many reasons why someone may leave their job, but a good bit of it is about finding a
The 4 Main Types of Jobs: Finding The RIght One Read More »
Without a doubt, I feel that business ownership has some inherent benefits over being employed. I have praised and discussed at length the value of autonomy and work-life balance, but I think the finances also heavily favor business ownership. There are very unique tax advantages that being a small business ownership enables. While the security
Does the idea about opening a solo medical practice scare you? Do you feel as if there is too much to do? What about the timeline? Well this post is for you. Today we are going to go over the timeline from start to finish at how to get your practice up and running. We
The Timeline: How to Start a Medical Private Practice in 9 months Read More »
Understanding the Differences Between LLCs, S-Corps, and C-Corps If you are like me, odds are you have received amazing clinical and surgical training. However, you probably have received less than 1 hour of teaching on the business of medicine. I am assuming most of you have no idea what an LLC, S-Corp, and C-corp are. In