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Tangentially to another thread, I wanted to bring this issue up explicitly.
If you own your own practice, do you want to be both the businessperson and the dentist?
I'd sooner be inclined to hire on an MBA full-time to make all the financial arrangements (I'd peek over his/her shoulder every now and then) and not have to worry about them myself. Isn't that what having your own practice is all about: the freedom to be a dentist?
So it's an extra $60k a year... if you aren't worrying about the finances personally, you can be treating more patients and bringing in more capital, so the time you'd save would probably more than pay for the staff member, wouldn't it??
Of course, if you already have studied business and enjoy doing it, then that's great, and you're lucky! For the rest of us, though, I'm wondering whether people generally want to run the business side of a practice or not.
aha -- a poll!
If you own your own practice, do you want to be both the businessperson and the dentist?
I'd sooner be inclined to hire on an MBA full-time to make all the financial arrangements (I'd peek over his/her shoulder every now and then) and not have to worry about them myself. Isn't that what having your own practice is all about: the freedom to be a dentist?
So it's an extra $60k a year... if you aren't worrying about the finances personally, you can be treating more patients and bringing in more capital, so the time you'd save would probably more than pay for the staff member, wouldn't it??
Of course, if you already have studied business and enjoy doing it, then that's great, and you're lucky! For the rest of us, though, I'm wondering whether people generally want to run the business side of a practice or not.
aha -- a poll!