After finishing medical school, residencies and fellowships, physicians must decide how and where they would like to practice. Although this decision may be limited depending on your specialty, many fields of medicine offer a wide variety of options when it comes to your working environment. Accepting a position at a well-established hospital or clinic often provides a lot of job-stability, but starting a private practice opens up numerous new opportunities. Consider just a handful of the reasons you may want to consider starting your own business as a practitioner.

1. Room for Growth

As entrepreneurs such as Brendan Wetzel will tell you, it takes money to make money. Starting a business requires a lot of initial capital and presents some degree of financial risk. Additionally, you may not be able to count on a steady income at first. Despite these challenges, owning a private practice gives you almost unlimited room …