Today on the Cash Flow Practice Podcast, we're talking about why you shouldn't change directions until you know where you're going.
Just this morning, I was having a discussion with a doctor who is thinking about changing directions, from a standard high volume regular office space practice to something else. The problem is, you have to figure out what that something else is first.
We were discussing this, and were actually talking about whether or not it would be a good idea to go to a convention where you can learn about other ways doctors can make money, aside from conventional practice. There is actually a conference where you can go and hear all different doctors talking about all different kind of practice models to give doctors, like us, those that hate being in a regular practice, where we feel like we're getting ripped off by the insurance companies, we feel like we're not being able to spend time with patients, how you can figure out how to have a different practice.
You have to know where you're going. You have to make sure that if you're going to can your practice and give up on all the safety and security and income that you have now, even if that's lower than it should be, you have to know that where you're going to go is going to fit with your preferences and your lifestyle. That's the critical piece. So do not change directions with your practice until you really know where you want to go
In this episode, I am going to explain the bottom line on what to consider before you make a big change.