𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱: 0:00 - Intro 0:47 - The Why of Starting a Medical Practice 3:22 - Costs of Opening a Clinic 5:01 - Obtaining Financing & Getting a Commercial Mortgage 8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not) 9:55 - Renting vs Buying Commercial Space 12:06 - Renovation & Construction 15:20 - Incorporation & Holding Company 16:42 - Using a Professional Line of Credit 17:07 - How to Make a Business Plan 21:41 - The Risks 23:03 - Surround yourself with the right Team 23:37 - Path to Profitability & Cash Flow 32:00 - Recruiting Doctors & Admin 39:23 - Weekly schedule as a Clinic Owner & Family Doctor 40:53 - Becoming a Startup Founder & Building an AI Scribe 48:36 - Getting Startup Funding 48:59 - Future Directions 50:27 - Rapid Fire Questions & Parting Advice
1mln for clinic in Toronto is cheap! :) I thought that is a price of 1bdrm condo there. Great topic, interesting questions and informative guest. Thank you!
Thank you Dr Steph and Dr. Saleh. I am starting a FHO clinic in Toronto with my friends. We are looking for a lawyer. Could you please share your lawyer"s name?
𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱:
0:00 - Intro
0:47 - The Why of Starting a Medical Practice
3:22 - Costs of Opening a Clinic
5:01 - Obtaining Financing & Getting a Commercial Mortgage
8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not)
9:55 - Renting vs Buying Commercial Space
12:06 - Renovation & Construction
15:20 - Incorporation & Holding Company
16:42 - Using a Professional Line of Credit
17:07 - How to Make a Business Plan
21:41 - The Risks
23:03 - Surround yourself with the right Team
23:37 - Path to Profitability & Cash Flow
32:00 - Recruiting Doctors & Admin
39:23 - Weekly schedule as a Clinic Owner & Family Doctor
40:53 - Becoming a Startup Founder & Building an AI Scribe
48:36 - Getting Startup Funding
48:59 - Future Directions
50:27 - Rapid Fire Questions & Parting Advice
Great to see physician entrepreneurs in Ontario encouraging others to build clinics and service patients.
Agreed! We hear many more stories of clinics closing than doctors opening new ones.
1mln for clinic in Toronto is cheap! :) I thought that is a price of 1bdrm condo there. Great topic, interesting questions and informative guest. Thank you!
Thank you Dr Steph and Dr. Saleh. I am starting a FHO clinic in Toronto with my friends. We are looking for a lawyer. Could you please share your lawyer"s name?
Hi Roshana, the best way to reach Dr Saleh to find his lawyer’s info is through LinkedIn message - I have included his link in the video description.