#188: Tactical Tuesday: Use the Lean Startup Method to Successfully Launch your Practice

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OVERVIEW: Jason A. Duprat, Entrepreneur, Healthcare Practitioner and host of the Healthcare Entrepreneur Academy podcast talks about the costs of launching a practice. Drawing from his own experience, he shares the primary costs to factor in and why you should consider the Lean Startup method. EPISODE HIGHLIGHTS: <ul> <li>Clinic location will impact rent and insurance costs. The type of practice will dictate the level of equipment needed. </li> <li>Payroll considerations should include if you need to hire part-time staff or if you have family helping you, hours of operation and volume of business. </li> <li>It’s more cost-effective to rent space instead of constructing a new clinic. Consider what comes with the space like hand wash sinks, paint, room layout, flooring, lighting, ADA accessibility and storage. </li> <li>Think about equipment and furniture expenses, as well as rent and deposit costs. Also, consider medical supplies. Jason recommends only ordering 1.5-2 weeks out to start. </li> <li>Consider all types of licenses like DEA and business licensing, as well as malpractice and liability insurance. </li> <li>Jason suggests consulting with an attorney and a CPA as part of your professional service startup costs. </li> <li>Keep in mind marketing costs for business cards, building a website, postcards or direct mail pieces, printed promotions and paid advertising like Facebook ads. </li> <li>Lastly, budget for utilities such as electric, water and cable, as well as disposal of sharp and hazardous waste. </li> <li><

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