Wondering how to start a family and general practice physician group? We take you step-by-step from start to success.
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Tips for Creating a Great Family & General Practice Physician Group Business Plan
A business plan is the skeletal framework for your family and general practice physician group's mission, goals and strategic vision.
But from an outsider's perspective, your business plan is also a reality check. Third-party stakeholders want to make sure that the most important parts of your plan are based on real world information, including your business plan's market analysis section.
Early in the process, it's worth your time to learn how to write the market analysis section of a business plan. While a robust market analysis can be a selling point for a family and general practice physician group startup, weak market research is a sure giveaway for a business that hasn't invested adequate effort in planning.
Don't Overlook Competitors
Before you open a family and general practice physician group in your area, it's a smart move to determine how many competitors you have. Try our link below to generate a list of competitors in your city. After clicking on the link, type in your city, state and zip code to get a list of family and general practices physician groups near you.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
If you are interested in starting a family and general practice physician group, the next step is to talk to somebody who is already in the business. It's very unlikely that the local competition will talk to you. What's in it for them?
However, a fellow entrepreneur who has started a family and general practice physician group in another town will be much more likely to talk with you, provided that you won't be directly competing with them. Many business owners are happy to give advice to new entrepreneurs If you are persistent, you can find a business mentor who is willing to help you out.
How do you locate a family and general practice physician group founder who is willing to advise you because you live in different cities?
It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.
Entry Options for Family & General Practices Physician Groups
Would-be family and general practice physician group business owners can either launch a new business or acquire an existing operation.
Startup family and general practices physician groups can be attractive because they allow the entrepreneur to have more control and greater influence. From a funding perspective, however, you may have a hard time finding lenders who are willing to take a chance on your family and general practice physician group concept.
Acquired family and general practices physician groups are known quantities - and are less risky for lenders. Buying a business means that you'll have access to a documented financial history, an established business model and other factors that are unknowns in a startup – and that makes the ownership opportunity less of a risk to both you and your family and general practice physician group's key stakeholders.
Don't Rule Out Franchising
As an entrepreneur, your chances avoiding failure in business are higher if you opt for franchising and leverage their successful brand and track record.
If your goal is to start a family and general practice physician group, you would be wise to check out whether there are good franchise opportunities available that might make sense for you.
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.
These additional resources regarding starting a business may be of interest to you.
If you currently own a family and general practice physician group, these resources will come in handy:
If you sell to family and general practices physician groups, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.