Nick Hernandez, MBA

Here is some guidance for how practice owners can view their practices as outsiders and questions for physicians to ask as they contemplate joining a practice, especially as a future partner.

Growth has its risks, but approaching it with the right strategy can pay dividends over time.

Business partners can become your greatest asset or worst liability.

Entering a physicians partnership is not a process that should be rushed through nor taken lightly.

Often, private practice physicians make drastic mistakes when selling their medical practice and lose thousands of dollars in the process. All their hard work and long-term investment goes down the drain.

Don't wait until it's too late to start planning for practice succession.

Avoid these pitfalls when selling your medical practice.

The first step by any qualified consultant should not be a discussion of strategies or tools. It should be a frank discussion of what the physician client really wants.

Creating a strategic plan and thinking strategically are not about doing more. They are about focusing how you spend your time so that you are more effective in reaching your goals and getting to where you want to go.

Having capabilities is all well and good, but just because you are capable of doing something, does not mean you are going to be successful.