You know how doctors are constantly barraged with opportunities to invest in everything from a new anti-aging skin cream to surgery centers?

I was just asked to invest and put together a pool of investors for an exam that  can be done in the primary doctors office, has high need, provides useful clinical data and no one else is doing this (yet).

I have an investment advisor for these types of things.  I pay him to go through the proformas, look at the overall capitalization, check out the legality of the business structure, etc.

It’s easy to get seduced into these types of investments.  The quality of the independent advisor you have to review these deals has everything to do with the quality of your decisions.  I spend a lot of money on good advisors because I know in the end it’s worth it.

David Zahaluk, MD is a practice optimization expert and the author of The Ultimate Practice Building Book.  His firm, Ultimate Practice Builder, takes physicians to the top 10% of their specialty – in income, time off and quality indicators - within 3 years… guaranteed.  Learn more at www.UltimatePracticeBuilder.com.

This entry was posted on Thursday, February 18th, 2010 at 3:39 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.