Buying Your First Practice

If you’re getting ready to graduate, you’re probably considering your professional options moving forward which may include buying a medical or dental practice. Many new grads decide to work as associates to start paying off their student loans. After all of your hard work, you’re ready to run your own practice, but you may be unsure whether or not you can afford it. The key is to find a practice that meets your needs professionally and financially. Jaquay Enterprise can help you find a practice in Oklahoma and start your career!

You may think your student loans disqualify you from buying a practice, but the truth is banks are lending to new grads. The most important step to ensuring you’re eligible for a loan after graduation is to minimize the debt you accumulate while still in school. Do your best to live within your means, and avoid taking on new loans.

After graduation, the next step is to find a practice that will allow you to succeed. Some senior offices that have been declining in numbers for several years are not going to fit your financial needs. You will want to look for an office that is still at its peak and then work with an advisor to analyze the numbers. The goal is to find a practice that suits your personal preferences and will allow you to pay off your debt in a reasonable timeframe.

Jaquay Enterprise can help you there. Tabitha Jaquay-Fernandez is an experienced transition advisor who can help you find the right practice for you. Call or click today to request a free consultation.

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