A common concern when starting a practice is where will you get the money, and how will you fund this practice.
There are many ways to approach funding your business.
For example, a few funding options you might use include:
- Personal Savings
- Personal loans
- Commercial Loans
- Selling a home or obtaining a home equity line of credit
In this episode of the NP Business Matters Podcast, as I mention in the recording, I also talked about a line of credit through AR financing. However, it’s not for startups, but more of obtaining operational money after you have already started. My mistake there.
So take a listen and let me know if there are other sources of startup funding you have considered, or even obtained. Let us know in the comments below.
Topic Resources
These additional articles should help you find more information about getting started and money.
- How To Find Money To Start A Practice? Start With Your Credit Rating
- Nurse Practitioner Private Practice: How Much Money Will It Take To Get Started?
- 3 Questions To Ask Before You Start Searching For Money
- What does it Cost to Start a Practice?
More Resources
- Catch up on all the NP Business Matters podcasts here.
- Check out the Nurse Practitioners in Business Facebook Group
- Become a Member of the NPBO™
- Ready to start your own practice?
Connect with the Podcast
You can find the NP Business Matters Podcast on popular podcasting platforms:
- Apple Podcast
- Stitcher
- Spotify
- Google Podcast
- iHeartRadio
- Amazon Music/Audible
- Pandora
- And others. You’ll also find us in your favorite podcast player.
And as always, please subscribe, leave a rating and share with your colleagues.
If you have requests for topics and/or guests, you can leave us a comment below, or anonymously fill out this form.
Your Turn
What sources of startup funding you have considered, or even obtained. Share you thoughts in the comments below.