Biggest Mistake Physical Therapists Make When Starting a Business

The biggest mistake physical therapists make when starting a business is hiring yourself as the treating therapist.
You are an amazing therapist and great at what you do. That is the problem. Because you are so good, when patients start working with you they don't want to work with anyone else.
If you want to build a business that affords you time freedom and financial security, don't hire yourself as the primary treating therapist.
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[@regi7]

I don't understand how you'd be able to hire a PT before you leave your own job. Where do you get the money from?

[@Youragingtherapist]

Ah this makes sense for me. Because it's only been me for a year, I'm finding it hard to give away clients to my new ICs not only because I'm used to the patients and love them but they love me and don't want someone new. But I've got to to move forward and have the time to build and grow. Thanks Tony! 😊

[@DocTravis87]

What a light bulb moment you just gave me! Perfect timing, thank you

[@LearnMedicareBilling]

If I could add graphics I would use the gif of Gru from despicable me saying "Light Bulb". Thanks so much for the comment and feedback. Please consider subscribing if you haven't. I feel like this channel will start to accelerate over the second half of this year.

[@jamela3407]

Makes sense😊👍 Thank you for these jewels 💎 ☺️

[@DrWilsonPT]

Great insight. I like how it sounds but I struggle to visualize absorbing the additional costs up front from a practical perspective or starting a business while in a full time job. Choices, choices I suppose!

[@LearnMedicareBilling]

Haha, yeah. Think of it as a stress test. If your budding business can survive profitably in this situation then when/if you decide to be a contributing member of the staff it will explode!

[@陈光华-l4c]

Great and very informative, thanks. A question: can a non physical therapist own or buy a PT clinic in Texas ?

[@LearnMedicareBilling]

I don't know the specific Texas laws. You could contact the Texas State Board of Physical Therapy to ask.

[@geoujg7569]

Tony, you have been an amazing resource to me and my company! Quick q, did you have to file/submit IRS Form 8832 Disregarded entity during PTAN filing? Thanks so much!