Dermatologists.com

Video

EP12: Starting a New Medical Practice & Owning a Small Business

  • Category Practice ownership and growth
  • Reach 7,159 views, 120 likes

Channel: Breaking Bad Debt - Dr. Steph

Summary for practice owners

Family physician Amjed Kadim Saleh describes building a clinic as both a medical practice and a small business. The conversation follows his reasoning for pursuing ownership, the costs of developing a clinic space and financing, including a choice between renting and buying. A key lesson for dermatology owners is that real estate and buildout choices should be tied to a broader business plan. Saleh discusses documenting the intended location, expected demand, project costs, and revenue streams, including rental income from a pharmacy tenant. His example is specific to his market and should not be read as a cost template, but the planning method is portable.

The interview also covers choosing a construction team, structuring business entities, and creating a budget. Saleh describes learning unfamiliar business skills while relying on a spouse and professional advisors. Owners can take this as a practical reminder to involve people with complementary expertise and to evaluate a project team on communication and fit as well as price. The profitability discussion considers several pieces together: the real estate asset, clinic revenue, tenant income, and overhead. This helps frame ownership as a system of interdependent decisions instead of a single monthly rent comparison.

Later sections move into recruiting physicians and administrative staff, clinic routines, and technology. Saleh describes using systems and team coordination to maintain efficiency, then talks about the responsibility of being a CEO and supporting staff. For dermatology owners, the broader takeaway is to plan for both clinical capacity and operating capacity as the practice grows. The conversation includes a founder's experience, not universal financial advice, and its figures and financing details depend on circumstances. It is most useful as a thorough checklist of questions to investigate before a clinic launch: why own, what the space needs, how to finance it, who can help, and how the practice will generate sustainable cash flow.

Owner takeaways

  • 1:34 Make the ownership decision from a clear picture of the practice you want to build.
  • 3:46 Model property and buildout costs, plus clinic infrastructure before selecting a site.
  • 10:34 Compare renting and buying against your long term facility goals and expected use of the space.
  • 17:37 Build a business plan around its location, projected demand, and expected expenses, along with potential revenue sources.
  • 23:31 Bring trusted professional advisors and partners into major startup decisions.

Why it made the list

It made the list for its detailed founder discussion of startup costs, financing, property, budget planning, staff planning, and operating processes. It has 7,159 views and 120 likes.

Next steps

Check how ready your practice is for a transition with the exit readiness score. If your practice website needs work, see our website plans.

This video is published by Breaking Bad Debt - Dr. Steph on YouTube. Dermatologists.com is not affiliated with the creator, and inclusion is not an endorsement by either party. Watch it on YouTube.

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