To Be or Not to Be An Associate Doctor
SOURCE: The American Chiropractor
By Peter G. Fernandez, D.C.
These 8 questions will help you decide if you should become an associate or start your own practice.
1. Are you inexperienced, but don’t want outside help?
2. Is your ego too big to pay for – and listen to expert advice?
3. Can you raise the money?
4. Are you willing to work 70 hours a week?
5. Are you too scared to open a practice?
6. Do you lack self-motivation?
7. Are you a passive person?
8. Is your spouse going to be supportive?
Every DC has a vision of starting their own practice, becoming extremely successful and enjoying the riches of life. Reads like a fairy tale, doesn’t it? Realistically, this scenario is a fantasy to the many DC’s who aren’t destined to start and operate their own practice. How do you know if you have what it takes to start a new practice—or if you’d be happier as an associate? Your personal answers to the following questions will tell you.1. Are you inexperienced in starting a practice, but don’t want outside help?
Do you know how to find, hire and train the best person for a chiropractic assistant (CA) position? The American Management Association tells us that it costs over $12,000 to hire and train a good CA. Frequently having to replace CA’s can sink a new practice. Unfortunately, the average new DC goes through three CA’s his first year in practice. (more…)