Starting a New Medical Practice & Owning a Small Business

[@BreakingBadDebt]

𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱:
0:00 - Intro
0:47 - The Why of Starting a Medical Practice
3:22 - Costs of Opening a Clinic
5:01 - Obtaining Financing & Getting a Commercial Mortgage
8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not)
9:55 - Renting vs Buying Commercial Space
12:06 - Renovation & Construction
15:20 - Incorporation & Holding Company
16:42 - Using a Professional Line of Credit
17:07 - How to Make a Business Plan
21:41 - The Risks
23:03 - Surround yourself with the right Team
23:37 - Path to Profitability & Cash Flow
32:00 - Recruiting Doctors & Admin
39:23 - Weekly schedule as a Clinic Owner & Family Doctor
40:53 - Becoming a Startup Founder & Building an AI Scribe
48:36 - Getting Startup Funding
48:59 - Future Directions
50:27 - Rapid Fire Questions & Parting Advice

[@darrellginsberg1325]

Great to see physician entrepreneurs in Ontario encouraging others to build clinics and service patients.

[@BreakingBadDebt]

Agreed! We hear many more stories of clinics closing than doctors opening new ones.

[@RoshanakAzadi-me1ep]

Thank you Dr Steph and Dr. Saleh. I am starting a FHO clinic in Toronto with my friends. We are looking for a lawyer. Could you please share your lawyer"s name?

[@BreakingBadDebt]

Hi Roshana, the best way to reach Dr Saleh to find his lawyer’s info is through LinkedIn message - I have included his link in the video description.