#70: Before You Talk to the Bank about Financing Your New Practice: 5 Things to Have Ready Titelbild

#70: Before You Talk to the Bank about Financing Your New Practice: 5 Things to Have Ready

#70: Before You Talk to the Bank about Financing Your New Practice: 5 Things to Have Ready

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Thinking about financing your private practice? Your first meeting with a bank shouldn't be the first time you've thought through the numbers.

In this episode, I’m sharing five things physicians should have ready before approaching a bank...from knowing your startup costs and having a business plan to preparing financial projections and understanding your timeline.

If you're ready to turn your private practice idea into an actionable plan, Plan to Practice will help you put the pieces together step by step.

In this episode:

  • What to know before approaching a lender
  • Why working capital matters
  • The financial documents and projections to prepare
  • Why you should start talking to banks earlier than you think

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If you want step-by-step guidance to build your practice business plan, check out my new digital course: Plan to Practice. It's a short course designed to take you from scattered practice ideas to a detailed, individualized business plan. Learn more about the course by going to hangingashingle.com/ptp

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ORDER MY NEW BOOK: PRIVATE PRACTICE, ON PURPOSE

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In this episode, I discussed an earlier episode (#7: How My Clinic Facebook Launch Got 700+ Shares). Check it out, it's a great episode!

📌 Resources:

Take the Private Practice Readiness Quiz!

This quiz will help you identify where you fall on the readiness spectrum—and what your next best step should be.

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If you’re building your own private practice and want step-by-step guidance from someone who’s done it successfully—I’d love to help.

Click here to learn more about 1:1 coaching.

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Want weekly emails with insightful tips for starting your private practice? Click here to subscribe!

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Social Media Communities:

Private Facebook Group: Physicians Starting Private Practices

Instagram: @hanging_a_shingle

LinkedIn: www.linkedin.com/in/drbrittneyanderson

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