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STARTING PRIVATE PRACTICE

Staring a private practice is something that was not taught to us in medical school or residency training. It was a very interesting and eye opening experience. I only have one word for it though:  Expensive.  The first question is always WHERE? Location! Location! Location! I have always known that I would like to set up in my hometown. Aside from the fact that there are no other pediatricians in the area as of this writing, the opportunity to set up other businesses, i.e. pharmacy, laboratory, etc., is boundless. Tip: Find OTHER doctors who you can partner with. Having someone who can split the operating expenses during the first few months when income is scare really helps. Designing the clinic was one of the most exciting part of setting up a clinic. Pinterest can give you lots of idea. Just be realistic enough to realize that some of those designs may not be appropriate for the building or the amount of space that you have. Here are the things that you need to set up a
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Expectations VS Reality

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Story of My Life As most probably know, doctors start living the good life late in life. When we start earning our own money, we get so excited that we spend it all on whatever whimsical things we can think of. Worse, we have so little time that we tend to spend our hard earned salary on the first thing that we can think without thought of how it will add value to our lives. Gadgets. Clothes peddled by relatives.  I remember the first time I started earning.  I had just ended a 36-hour shift, hungry, tired, and a little lonely. I went to the mall, ate my heart out, and bought all things that I thought would help ease my next 36 hour duty: new rubber shoes, belt bag, ballpens, etc., etc. I did this without a thought of how I came into that money. I forgot all the sleepless nights, the tears, the frustrations, and  everything in between that I had to go through before I earned that money.  Over the next years, I was lured into thinking I had to maintain a lifestyle that p
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