FRAUD ALERT: Medispa business for physicians

For several reasons we physicians are an easy target for scamsters. We as physicians trust people easily, we have money (may not be the truth anymore), we are poor businessmen (Finally lets admit it– we never were trained in business). So I have decided to add FRAUD ALERT to this website. We will try to inform our physicians to take caution while treading these territories. If you know of a scam targeting physicians please email it to us. We can  caution our colleagues through FRAUD ALERT and save them a lot of grief. Remember! what goes around comes around.

In our FRAUD ALERT today lets talk about medispa business. many physicians are being lured into the medispa business by business scamsters. they promise physicians easy lifestyle, a lot of money, quick success, turnkey operations etc.

Be VERY VERY VERY careful. Many of these  sure shot success opportunities are turning into disasters. Many physicians have lost money, lost careers and are involved in litigation. I am not saying don’t do it. But if you want to do it, remember the following principles of business which I have learned over time:

1) NO business is easy!

2) NO ONE can make money for you, but yourself!

3) NO ONE can have both money and "not much to do" lifestyle. Even scamsters have to work hard!!

4) NO  business is a sure shot success.

5) In business  you will have to WORK HARD!

6) If you work hard and make smart decisions, success will follow!!  

 

Some of our friends own medispa business. They agree that setting up a medispa business and setting up a medical practice has the same ramp up period. Just like it is not easy to deal with insurance companies, convincing retail customers to buy your services is even  harder. One of the website I like is the blog medicalspamd. You will really find lot of horror stories on this website. So to sum it up, evaluate every opportunity with care and think like a businessman not like a doctor!