HOW TO BE YOUR OWN BOSS Steps to Buying an Existing Practice vs. Starting a New Practice I want to buy an Existing Practice Choose a Location Search for Available Practices Secure Your Finances Form a Business Entity I want to start a New Practice Review Existing Practice Financials Complete a Practice Valuation Decide What to Buy: Entire Entity or Goodwill and Assets Review Existing Office Details Execute a Buyer and Seller Agreement Organize Your Secure Practice Evaluate Current Staffing Staff Your Practice Celebrate Market Your Practice the Start of Your New Practice! For more information, visit apma.org/beyourownboss Thank you to Sara Karamloo, DPM, for providing content for this infographic and for her presentation on this topic at the YPI. Congratulations! You've navigated a long and winding path to successfully opening your doors and treating patients. Be proud of your achievements! Insurances and Hospital Privileges Obtain Permits and Licenseshttp://www.apma.org/beyourownboss