September 16, 2019  
 
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How to Start a Podiatry Physicians & Surgeons Business

If you plan on opening a podiatry practice, priority one is taking the time to understand the industry and your local market.

Thinking about opening a podiatry practice? We tell you what you need to know to get started.
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Business Plans for Podiatry Practices

If you're like most startup business owners, there aren't enough hours in the day to accomplish everything that's on your to-do list. Every task on your list is important, but writing a business plan is one of the things your podiatry practice needs to do ASAP.

If time is scarce, business plan software can be used to streamline the process. A reliable software solution will increase the accuracy and consistency of your business plan, dramatically improving its value to your podiatry practice.

As an additional benefit, most business plan solutions are geared toward providing the information most commonly requested by lenders and investors.

Review Competitors

Prior to launching a podiatry practice in your town, it's a good idea to determine how many competitors you have. We've provided the link below to help you find competitors in your area. After clicking on the link, type in your city, state and zip code to get a list of podiatry practices near you.

Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.

Learning More About the Industry

As part of your due diligence on opening a podiatry practice, it's a wise move to learn as much as you can from somebody who is already in the business. If you think owners of nearby podiatry practices will give you advice, think again. It'd be crazy for them to teach you the business.

Fortunately, somebody who runs a podiatry practice on the other side of the country will be much more likely to talk with you, provided that you won't be directly competing with them. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.

Where does one find a podiatry practice founder on the other side of the country to talk to?

Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.

Acquired Podiatry Practices: Competitive Advantages

By acquiring an existing podiatry practice, you'll put yourself in a better position with lenders and investors than if you tried to fund a startup.

A business acquisition also delivers an established brand - a big advantage in competitive markets. In fact, many entrepreneurs pursue acquisitions for the primary purpose of buying an established brand.

In a competitive market, the right acquisition can be leveraged to catapult your business into a market leadership position, even if you personally lack industry credentials.

Consider Franchising

The odds of becoming a successful entrepreneur are higher if you buy a franchise rather than going it alone.

Prior to making the decision to open a podiatry practice, you may want to investigate whether purchasing a franchise might simplify your entering the business.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

More Startup Articles

These additional resources regarding starting a business may be of interest to you.

Questions to Ask Before Starting a Business

Free Business Plan Templates


Conversation Board

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Already Own a Podiatry Practice?

If you currently own a podiatry practice, these resources will come in handy:

Marketing a Podiatry Practice

Selling a Podiatry Practice

Do You Sell to Podiatry Practices?

If you came here to learn about selling to podiatry practices, this isn't the right place for you. These resources are more appropriate for you:

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