Just a personal note...
Apr. 29th, 2004 06:41 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
Well, I'm getting a bit excited. I talked to the practice advisor yesterday, and found out that I'm closer than I thought to owning my own practice.
But a bit of backstory (although all three of you who will click on this probably already know it). I work for a doc, who has significant differences in opinion from me in practice style and patient care. I've been there for 4 years - longer than any other doc in the 20+ years he's owned the practice, and longer than I expected. Because of our differences, things came to a head where I needed to decide to either buy the practice or leave, as he was starting to try to micromanage me, and I don't respond well to any loss of autonomy.
Mike (the old doc) has been dragging his feet in getting me the financial info I need to decide if I buy the practice. I've asked him outright several times if he really wanted to sell, and he says he does ("whether that is now, or 20 years from now"). I think he is delaying because he thinks he is going to spend a lot of time gathering info that will reveal a lot of business financial information to me (which he is very private about) for no gain. He has told me repeatedly that I won't be able to get a loan for the practice (because "he has tried in the past, and been unsuccessful"), and that he doesn't want to carry the note.
So the practice advisor called yesterday. He is sending me a list of the info I need, and when I told him about the gross last year (I do have the last 2 yrs income tax returns), he said that the purchase price doesn't seem too out of line. He also said that because I've been out of school 6 years, working there for 4, with a little nest egg in the bank, he knows someone who can definitely finance me if the practice is worth the price. So now the only thing is... is it worth it? And will I have enough to live on after paying the bills?
Kinda scary, jumping into owning a private practice.
And how funny is it that I am considering going on my own the same season that Brian is going solo? And that we both got Corvettes the same year?
Now if only I could be forever young, hot, and beautiful... that would be a dream, wouldn't it?
*looking in the mirror - morning hair, sheetmarks, sleep in eyes, puffy morning face*
Definitely a dream.
Hope I didn't bore you too much!
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Date: 2004-04-29 07:09 am (UTC)now this sounds familiar - lol. congrats happy. I hope it's smooth sailing for you.
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Date: 2004-04-29 07:19 am (UTC)no subject
Date: 2004-04-29 07:28 am (UTC)no subject
Date: 2004-04-29 09:53 pm (UTC)Quoting the show works here. "If I don't do it now, I never will."
Of course, that's from memory, so I may have messed it up.
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Date: 2004-04-29 08:23 am (UTC)You got a corvette? Sweet. What year/color/etc? Can I come visit and go for a ride with you? ;) ;) <3 hot cars. :-D
That's exciting...your own practice! I don't know much, but I know that from many of your posts, it certainly sounds like you're ready for this. :) Good luck!
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Date: 2004-04-29 12:09 pm (UTC)That car can be downright scarily fast!
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Date: 2004-04-29 08:27 am (UTC)Oh Lol, I love those little coincidences. Congrats and good luck :)
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Date: 2004-04-29 09:53 pm (UTC)no subject
Date: 2004-04-29 08:33 am (UTC)no subject
Date: 2004-04-29 09:54 pm (UTC)You get summer break from the program?
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Date: 2004-04-29 09:58 pm (UTC)Hmm they don't believe in breaks for grad students, LOL. But yeah, things are *way* more laid-back in the summer. Cannot.Wait. :D
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Date: 2004-04-29 10:20 pm (UTC)Sigh... grad school.... you'll miss it when it's over.
But not for a few years.
And those "I-missed-the-entire-year-of-classes-and-need-to-take-the-final-now-but-there-are-only-20-minutes-left" dreams? They never go away... just become less frequent.
Sorry for the bad news.
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Date: 2004-04-29 10:19 am (UTC)no subject
Date: 2004-04-29 09:55 pm (UTC)*hopes she doesn't fall*
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Date: 2004-04-29 10:20 am (UTC)no subject
Date: 2004-04-29 09:55 pm (UTC)It's getting hard to write and walk, though!
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Date: 2004-04-29 10:40 am (UTC)no subject
Date: 2004-04-29 09:56 pm (UTC)Since you live on the Left Coast with me... do you need an eye exam? LOL
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Date: 2004-04-30 11:26 am (UTC)no subject
Date: 2004-04-29 04:01 pm (UTC)no subject
Date: 2004-04-29 10:07 pm (UTC)You know, I can put up with about anything, but if you try to control me professionally or personally (is there any other kind of control?), I respond poorly. I mean, outwardly I may seem fine, but I swear I'd "cut off my nose to spite my face" in some situations. This is why micromanaging just kills me. You know, he's decided for the last year that I need to punch a timeclock? Originally, he thought he'd pay me less... but turns out he would have to pay me more. So after a few months, it was back to our agreed daily rate (plus the originally rare bonus). Since the bonus has become a monthly thing (hello, I'm obviously producing here), he feels he needs to adjust it down "since expenses are more." Of course they are.
I do enjoy private practice, however, seeing the same patients year after year, knowing what goes on with their lives and their kids. I've had people go from engaged to married, engaged to "he/she left me for another boy/girl", married to widowed/divorced/seperated, and vice versa. I just had one woman come in who seemed surprised that I remembered that she had 2 standard poodles, and had to get rid of her cat (that she'd had for 12 years) because the poodles attacked it as puppies. Now, why she'd think that I (a cat lover) wouldn't remember someone getting rid of a beloved pet because the "new pets" didn't like it... well, that's a peeve of mine.
It's fun to watch the kids grow, too. I've been at the same place for 4 years, so I have a number of repeaters. Unfortunately, it makes me feel older!
OK, I think this response might be as long as the original post! But I may pull your ear more for advice, OK?
things...
Date: 2004-04-29 06:26 pm (UTC)2. I would totally go for it. Its scary as hell but what have you got to loose? money is just energy. It can be replaced. You have a wonderful degree and I'm sure you can always find something else if neccessary but wouldn't it be absolutely worth it if it did work out? all that hard work would totally be worth the effort to be your own boss.
So I'd go for it. But then I'm not the one with the money so you know... its up to you. But man. It would be awesome.
ok yeah done with my ramble. congratulations. I hope no matter what you decide, that you end up happy :)
Re: things...
Date: 2004-04-29 10:15 pm (UTC)2) True, money comes and goes. You may die tomorrow - do you just want to go with the flow? Or try to kick it up a notch? If you don't try, how do you know if you'll succeed or fail? And if you fail, well, you just drop back to the last position you had before failure. Employee (hopefully not-too-far-in-debt employee). Incorporating can protect private assets (car, home, personal savings/checking). And if you succeed - the world is your oyster. And I wanna pearl. (funny, I work for Pearl Eyecare - not to be confused [but always is] with Pearl Vision nationwide chain). Have to consider a name change, but it's been there 20 years - might hurt more than help. And the Pearle Vision doc is a good friend, so he shouldn't steal patients.
Thanks for the congrats. I seem to be in the mood for big answers tonight. You give me 10 lines... I'll give you 50 back! LOL
And I'm always Happy!
*points to user name*
*winks*