Want to start a practice and don’t know what to do first?
That’s what we’ll discuss in this podcast episode.
We always start with an assessment. One of the most common tools used in the business community for decision making is the SWOT Analysis. It’s a wonderful tool and can be helpful in all sorts of situations.
Over the years I have found that clinicians need to go further as they are determining (1) if a practice is right for them and (2) if it’s financially feasible.
That is why I teach the framework of a PPFM™ Analysis. This framework looks at 4 different categories:
In this episode, we’ll dive deeper into the individual categories. We’ll also address some questions you’ll need to consider for yourself, and discuss answers to common questions I am asked about starting a practice.
I look forward to hearing your thoughts about this episode in the comments below.
You can find the NP Business Matters Podcast on popular podcasting platforms:
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