Monday, March 23, 2009

Major Growth of Small Businesses

Because of the current economic climate, I think we will start seeing many different types of small businesses start to pop up everywhere. Corporate executives are getting laid off and many are having a difficult time finding a new job. Others are going back to full-time school with hopes that opportunities will be available when they graduate. Entrepreneurs are getting excited because our country is entering uncharted territory and there are some unique business opportunities. If you're a practicing clinician, you probably have more stability compared to people working in banking/finance/investments/etc. However, I feel that this is also a unique time for clinicians to put their heads together and come up with some opportunities to leverage the potential future needs/wants of doctors and other healthcare professionals who may face some major changes under this new administration. We all know that healthcare IT is moving forward with tremendous traction because of Obama. This includes EHR/EMR/PHR and other elements of health-related information technology. We also know that if some type of universal healthcare coverage rolls out, then primary care clinicians will have additional burdens placed on them. So, what are we to do? Start a company? Are you ready to take out a small business loan? Will the banks be willing to provide loans during times of such economic uncertainty?

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