What lenders evaluate, which funding structures fit, and how much working capital to build in may help make the early years of practice ownership more manageable.
News|Articles|October 16, 2009
BizQuiz: Where does the money go? (Answer 5c)
Taking the BizQuiz? This is the answer to question 5 from "Where does the money go?"
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5) C–Incorrect.
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The practice needs to bring in $3,333 a day ($1 million divided by 300 days). Anything less than that and the practice will not be in business for long. Thus, it is very important that clients pay for all services performed and there are no missed fees.
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