I am Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits.
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People head to work each day and complete the tasks required of them. They do this day in and day out, even though it isn’t rewarding for most. So why do they do it? They like the security of having a steady paycheck.
There is more to life than a paycheck and many are starting to realize this. It could be that it’s easier than ever to start a business. Before the internet, the only real choices were a brick-and-mortar type of business. That is still viable for some. But, for others, an online business is the way to go.
Still, it can be quite scary to throw your entire career away to start up something new. Just because it’s easy to start a business today, doesn’t mean business is easy. The competition is growing daily. And, the competition is from people all over the world. Giving up the security of that paycheck is not a decision to be made lightly.
One push for people to start something new is they are finding that their jobs are not as secure as they once thought. Layoffs and downsizing happen at regular intervals. Even people who survive the cuts will be expected to work harder and longer hours. Often, their salaries are reduced and bonuses are something for the history books.
People get to the point where they don’t feel secure and they resent having to do more work for the same (or even less) pay. This can give them the motivation they need to branch out on their own. The good news is many people can start these businesses on the side and continue to earn paychecks until their new business earns money. When this happens, they take on a new mental outlook of hope knowing that a better life is possible.
They also learn they can charge to coach others to do the same. This movement feeds off of itself as more dare to realize their dreams of owning their own business. It can be related to their field or they can branch off into something entirely different. Imagine getting paid for something you love! The possibilities are endless.
Don’t quit your job until you know what kind of business you are going to start and come up with a business plan. Also, seek out help from qualified people. You may have to pay some money upfront for their expertise, but it may be well worth the effort later.
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Once you’ve decided that you want to leave your current job to start your practice, you need an exit plan. Check out our blog post here for tips on developing an exit plan and starting your new independent practice.
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I’m Dr. Hassan, a Board-Certified Physiatrist and Independent Practice Owner. I help physiatrists start and grow their own profitable practices so they can achieve financial independence and live without limits. Please go to businessofrehab.com/contractnegotiations to pick up the free guide to help you negotiate the contract of your dreams.
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Attention, Physiatrists! Stop leaving money on the table. Sign up for the free video series: How To Build A Profitable Practice in 90 Days or Less: http://www.sixtytosuccess.com
