Advice needed re: taking the plunge and working for yourself

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Hi all.

I am after some advice re: when is the right time to buy or set up a practice?

I have had 2 years experience in a very well establish clinic with a very varied case load. During this time learning as much about the admin side of the practice as the practice manager could stand. I have since relocated and am wondering if I should work for myself?

I have just started doing some sums and a business plan template, and I thought I would see if their were some older wiser heads out there to give me some tips.

Just a few questions:
- am i better off setting up for myself or buying a practice?
- what realistic start up costs am I looking at?

Also my favourite areas of podiatry are overuse injuries, orthoses, and an absolute love for IGTN's. However, I understand nails, corns and callus will be paying the bills. My long winded question is how do I go about choosing a business name?

Do I opt for a name with a 'sports' (and I use that term loosely) theme or a generic 'podiatry centre' type name and risk not standing out in the exclusive sportsmed market place?

I appreciate any comments

 

Hi Fruitbat & welcome,

(not on the welcoming committee but like to say hi) :drinks

I found great information RE: setting up alone pros & cons by viewing threads here.

Search the forum & there is loads of information at your fingertips.

Hope all goes well.

Regards,