When you are considering starting up your own medical practice that offers a range of treatments, including non-surgical treatments for the skin, body and face, or surgical procedures such as Breast Augmentation, Breast Reduction and Liposuction, there are a number of things to take into consideration.
Folks www.juveaaesthetics.com knows what it takes to set up and deliver an outstanding range of treatments from our own medical practice in Harley Street, London. Here are some top tips to think about if you were thinking of following our success story.
Learn the ‘business’ side of your practice
Most aesthetics practitioners that come together to start their own medical practice have to go on a steep learning curve with regard to actually running a business and all of the day to day activities involved.
Yes, it’s fantastic to have qualified and experienced aesthetic technicians on your staff, but everyone involved in the practice will also need to gain knowledge about licences, finances, bookkeeping and accounts, Health & Safety compliance as well as developing marketing and social media skills.
Develop a business plan
Developing a business plan is an essential step towards setting up a successful medical practice. This is especially important if you need to get some sort of financial backing from a bank or an alternate financial institution. Most banks and lenders will need to see a comprehensive business plan before they would consider offering you a start-up loan.
Hire qualified staff
You can start out small in the beginning with maybe just yourself or two of you setting up a partnership. However, as your business becomes more established, you will need to look at hiring the right staff to expand your range of services. Make sure that any staff you consider have the right training and qualifications in place so that they can hit the ground running and are able to take on new clients to boost your bottom line.
Essential paperwork and insurance
Doing paperwork may seem like a boring waste of time, but making sure your business keeps on top of its paperwork and up to date with all of your required filings for, GDPR, HMRC and tax payments is essential if you want your medical practice to keep on operating. Having the right business and liability insurance in place is also essential to cover yourself in the event of an accident or incident where you may need to make a claim.
Hopefully we have given you some food for thought if you are thinking of setting up your own medical practice.
