2. Future opportunities
Creating a financially stable and profitable practice is one of the big concerns independent practitioners wrestle with as they prepare to take the leap. Can I do this? How much should I charge? Should I have a membership model or fee for service? How do I keep track of my books? Do I need to hire staff? What about taxes?
These are just a few of the many questions that we need to think about related to finance. Understandably, it quickly becomes overwhelming, and perhaps even a big reason why many of us choose not to launch a solo practice.
At FHP, we see many opportunities to assist our members in this area. For starters, simply being part of a community that is working through these questions together takes away a great deal of pressure and uncertainty. As a group, we are compiling an outline of the essential decisions to make, as well as provide recommendations and references from our personal experiences.
We have hopes for future opportunites as our community grows. We expect to be able to negotiate discounted group rates for accounting services, financial advisors, personal health or other insurance coverage, and/or other finance-related matters.
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