It is hard to start a business. It is even more difficult to sustain one. Moving from “I think I want to…” to “Whoa, I’m doing this!” and “Why am I still doing this?!” is a roller coaster of good and bad choices, mistakes and successes. Few get to “success” on their own. As in the Beatles’ song, we “get by with a little help from our friends.”
Most million-dollar ideas are actually worth a dime a dozen. The true challenge for inventors and entrepreneurs is making a million dollars, a few thousand dollars, or any money at all, by turning an idea into a product and getting it to market. Physical therapists work with the human body day in and day out; it’s not uncommon for a light bulb to turn on with a brilliant idea that could change the industry and greatly improve patient lives. While genius can strike in an instant, there’s a long journey to turn that napkin sketch into a residual check. Here are some expert tips to guide you and a few landmines to avoid.
In today’s private practice world there is much talk about decreased payment, increased administrative burden, and difficulty finding good employees.
I took a moment before I started writing this to look up the definition of Strategic Alliances.