Timing your partnership in the medical practice
Many a times, an inexperienced physician is excited to find an offer of physician job where partnership is offered after the first year. Now just because he is going to become a partner aka owner of the medical practice, is not the formula for success. Timing of partnership in a medical practice is very crucial. [...]
Starting a Medical Practice: Learning Small Business
I was discussing this with a general surgeon yesterday. We both agreed that the biggest deficit physicians have is not ‘how to run a medical practice’ but ‘how to run a small business’. I believe the residency programs and medical schools should incorporate basic business training to all would be physicians.
Why should you learn these [...]
Personal Finance for Medical Residents
Let’s take a break from ‘starting a medical practice series’. I will talk about what is personal finance and why medical residents should start taking financial responsibility ASAP. Here are the reasons:
Medical residency is a time when the salary is barely enough to make through the month. Hence medical residents are more prone to get [...]
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