5 Things you should know about Healthcare Business

5 Things you should know about Healthcare Business

I qualified as a Chartered Physiotherapist in 2006 having studied for 5 years in the UK and Ireland. I always knew I wanted to some day own my own business in healthcare. Thankfully I am now the proud owner of Compass Physio with my business partner Paddy Mulligan. To get to where we are today has taken a lot of time and effort, it’s also been a very big challenge that is never ending. I’ve recently been asked to talk to  4th University year students in relation to health care business. I’ve decided to pick 5 topics that I wish I knew when I started on the road to healthcare.

Present your best self: Your business is a representation of yourself, so if what you do in your private life doesn’t line up with what you do in your business life then you may need to realign some things. Check your social media accounts for images or videos of yourself that may not represent where you are in your life at present. Employers or future clients may check your personal account on social media platforms before making the commitment to offer you an interview or book appointments.

Ask for help: Understand that you don’t know everything and know when to ask for help. We have a great resource on facebook with a group of over 700 members all involved in the healthcare industry – click here. You can always ask your friends and family for help but asking professionals who have done what you want to do will be an easier and quicker way to the answers you’re looking for.

Continue to learn: I didn’t start reading any business books until about 10 years ago, my only regret is that I didn’t start sooner. These books can often be about more than just business, at present I’m reading “The Endurance” to understand leadership skills in crisis. Youtube in another fantastic resource to draw from as there will always be someone who have done what you want to do (Very good for tech questions).

Be consistent: Rome wasn’t built in a day! You are not going to open a business or start in a clinic and be busy straight away, it can take up to 6 months to establish a consistent client base. Set realistic targets to begin with and work towards them, if you’re easily hitting your targets then make them bigger. If you’re no where near your targets, you need to review your business and it’s systems.

Look after yourself: In order to work in private practice you need to be fit and healthy yourself. You can’t help others if you’re not able to help yourself first.

  • Setting a good work/life balance is important
  • Proper diet
  • Regular exercises
  • Adequate sleep
  • Looking after your mental health

So in summary to work in the healthcare business it’s important to do the basics right first.

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Colin Phillips
Business Consultant
PracticeNav

By | 2018-10-09T09:10:09+00:00 October 9th, 2018|Accounting, Business Basics, Business for Sale, Business goals, Business Mindset, Business Plan|Comments Off on 5 Things you should know about Healthcare Business