Should You Start a Business?
In this episode, we discuss the various business entity types and which might be best for you.
What are the risks of continuing to operate as a self-employed person versus a business owner? With that information, you can decide on an appropriate next step for your self-employed work, based on an analysis of your individual situation.
Unfortunately, there's not a general standard for whether or not it's best to become a business. Ultimately, it's a complex decision and individualized to each person.
However, all healthcare-related operations should be run through a business. With the prevalence of self-employed work in the profession coupled with how litigious our society is, you should absolutely conduct your work under the protection of a business. As athletic trainers, we are exposing ourselves to unnecessary risk when we have not established ourselves as a business, and the cost to do so is minimal.
There are many motivations for starting your own business, but regardless of what your motivation is, we can successfully pursue business ownership. The way that our brains are wired as healthcare providers translates really well into providing solutions in the business space.
Resources From Episode:
Cost Of Starting A Business By State
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