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Finding a Practice
Once you've made the decision of what type of practice you want to go into, the search for the right location begins.
Set your criteria in writing:
- does the community need you?
- is the population large enough to support you?
- what standard of living can you expect?
- what career opportunities are available for your spouse?
- what educational opportunities are available for your family?
- what professional organizations exist in the community?
- what social activities are available in the community?
Once you have decided on one or two communities, looking for the perfect practice opportunity starts in earnest. Never forget that finding the best location for your practice is an important step in the growth of your career.
Solo practice
- are any solo practices available to purchase? Are other solo professionals in your field retiring?
- is there a vacancy in a building that would support your practice?
- is the practice/building of choice conveniently situated to attract new clients?
- hire professionals for advice on design, lease negotiation, etc.
Group practice
- check employment and group opportunities in your professional journals
- inform local practices of your availability
- check philosophy, practice styles of other group members to ensure compatibility
- discuss proposed financial arrangements with your advisors (e.g. accountant, bank account manager, lawyer or other advisor)
- develop extensive questions to ask of practice members. Your future career depends on how open this group is to helping you achieve your goals.
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RBC Royal Bank offers a wide range of competitively priced loan and leasing options for your practice. Flexible terms, conditions and payment schedules let you manage your credit your way. |
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