Recognize that it takes significant time, energy, and planning to start (and run!) an audiology practice. Carefully considering your business plan is one of the most important things you must do to be successful.
Experts say 80% of new businesses fail because the owners weren’t thoughtful and methodical about developing their business plan, goals, and strategy. It’s wise to devote at least six months to planning before opening your clinic. Additionally, it’s wise to ask for advice from other business owners to figure out what kind of challenges they ran into when starting their companies.
Before you open your clinic, you’ll need to find a convenient, high-traffic location with plenty of parking, easy accessibility, and enough space to fit your team and equipment. You’ll also need to recruit and hire staff, market your new business, buy furniture and equipment, secure funding, etc.