STEP 1: Business Plan

Develop a business plan!

Many doctors fail at this first but very important step of the process. A business plan will not only help you to secure funding where necessary, but also to ensure that you have considered and weighed up all the materials and resources required before building this ship.

Important aspects to include in your business plan:

  • The patient profile you wish to serve.
  • The services you wish to offer.
  • Whether you will be dispensing medication.
  • Whether your practice will be cash-based, medical-scheme based, or both.
  • The demographic location of your practice (considering the above).
  • Adequate research of potential competitors in the area.

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