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​Starting a Medical Practice: Spending Money Wisely

Posted by Michelle Booth on Dec 21 2017

When it comes to opening a business, a big mistake CEOs make is they stretch the little money they do have starting out, in the wrong places. Opening a medical practice requires a great deal of the same necessities any business needs to successfully launch and thrive. However, like many, individuals wanting to open their own practice find it daunting to ask for loans. Asking for a small business loan won’t hurt if you borrow the right amount of funds you need in the beginning stages of operation.

You should welcome whatever financing you can get that doesn’t cause you to go into financial trouble along the way. After paying for and acquiring credentials needed to legally operate, legal structures and getting licensed, medical equipment is the last thing that’s budgeted for...or not at all. Contrary to popular belief, used medical equipment can be just as good as brand, spanking new equipment, depending on where you get it from. The hefty price tags new equipment come with may not be in your budget starting out. The key to opening your practice is too spend smarter, not more.

If you’re in need of medical equipment, Booth Medical Equipment is a full line authorized distributor for the top medical equipment manufacturers. Our experienced customer service team sells and supports the products you'll find in a Physician's Office, Research Laboratory, Surgery Center, Hospital Facility, Nursing Home, Veterinary & other related industries. For more information on our products, please do not hesitate to contact us. Don’t forget to check out our promotions tab on our homepage for big savings.