Re: space..another frontier

[Guest guest]

I'm always tentative to offer opinions with so little info. That said, my

first feeling was 'a' though you don't describe the actual office size,

etc. My feeling is based on the idea of not having the office too big

that you have to " find " others for it. If you already have a person or

people you are working with, great, but to get a big space and then need

to find others I think is a potential problem. Reasonable parking is

nice, and you may need less than you think (controlling overhead means

needing fewer pts in the office, thus fewer cars in parking lot), but

something close by is pretty important for many people. With that

criteria, I'd drop b, c and d. And the " mix " of the neighborhood and

visibility aren't that important in my mind (some of us use the back

corner of an opthamologist office - right Gordon? - or the back corner of

a small, community mall, next to the public bathrooms - me).

Look for other opinions too. This group tends to make good points that

from my experience seem to ultimately prove true.

Good luck,

Tim

> I'm planning a private practice move and the dilemma of 'the right

> overhead' is ongoing; less is more is the mantra - I'm with you.

>

> I wonder about parking, location and convience.

>

> Spot 'a' has excellent parking but is in very mixed residential/office

> location. Spot 'b' has underground parking - a plus in new england but

> the overhead is plus'ing 40%, necessitates a partner given the

> available sq footage (1200) smallest chunk and is in a better

> visual/business/professional location. Spot 'c' is quaint, small, 500

> sq feet but in foot traffic part of town, distant from good parking by

> 75 yards.......

>

> Spot 'd' is a huge investment, great parking, excellent location but

> would necessitate many co-investors and added risk.....

>

> thoughts?

>

> Adam

>

>

>

>

> ---------------------------------

> Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+

> countries) for 2¢/min or less.

[Guest guest]

It depends on how many patients you have and what do they expect. When

I opened (from no patients and in an area completely new to me) I had

to chose a visible place, the most visible I could find. My office

faces an intersection in town and when cars stop, they see my sign. I

also had to be in a safe place, since I had no personnel. The space is

1000 sq feet and it is more expensive than many of the spaces I read

about here but it was a marketing strategy decision. After 8 months I

was seeing 3 patients a day, many of them found me when they needed a

doctor " now " and my sign stated " same day appointments " , right under

their nose. Many of them had a physician already but they could not get

through the secretary. Now (after 10 months), I am starting to see

the word-of-mouth trend. People who came from the street start

referring their relatives or friends to me. I still have to take oc med

shifts to survive but things are looking better.

In three years, once my practice can be actually considered a practice,

I will move in a smaller space or sublease from another specialist.

There will be more specialists coming in town, since next year the new

hospital will open. I could also sublease my space to one of them.

Less is not always more, it depends on what you need the most. I did

cut costs by being solo-solo, purchasing everything on e-bay or another

second-hand place and having my husband to help with the computer

stuff. My next investment will be now to purchase the Rosetta Stone

CD's for spanish, since I discovered that there is a big spanish

community not too far from the office and only two doctors speaking

spanish in town (both males). Plus my practice is called Medical

and everybody assumes I must speak spanish.

I would not start investing at this point. The new office will be

stressful enough and you won't be able to focus on the right things

plus your personal life may suffer. My husband is a very calm person

but sometimes even he seems affected by the stress of the start-up.

> I'm planning a private practice move and the dilemma of 'the right

> overhead' is ongoing; less is more is the mantra - I'm with you.

>  

> I wonder about parking, location and convience.

>  

> Spot 'a' has excellent parking but is in very mixed residential/office

> location.

> Spot 'b' has underground parking - a plus in new england but the

> overhead is plus'ing 40%, necessitates a partner given the available

> sq footage (1200) smallest chunk and is in a better

> visual/business/professional location.

> Spot 'c' is quaint, small, 500 sq feet but in foot traffic part of

> town, distant from good parking by 75 yards.......

>  

> Spot 'd' is a huge investment, great parking, excellent location but

> would necessitate many co-investors and added risk.....

>  

> thoughts?

>  

> Adam

>

>

>

> Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+

> countries) for 2¢/min or less.

>

>

>

[Guest guest]

Re: space..another frontier

It depends on how many patients you have and what do they expect. When I opened (from no patients and in an area completely new to me) I had to chose a visible place, the most visible I could find. My office faces an intersection in town and when cars stop, they see my sign. I also had to be in a safe place, since I had no personnel. The space is 1000 sq feet and it is more expensive than many of the spaces I read about here but it was a marketing strategy decision. After 8 months I was seeing 3 patients a day, many of them found me when they needed a doctor "now" and my sign stated "same day appointments", right under their nose. Many of them had a physician already but they could not get through the secretary. Now (after 10 months), I am starting to see the word-of-mouth trend. People who came from the street start referring their relatives or friends to me. I still have to take oc med shifts to survive but things are looking better.

In three years, once my practice can be actually considered a practice, I will move in a smaller space or sublease from another specialist. There will be more specialists coming in town, since next year the new hospital will open. I could also sublease my space to one of them.

Less is not always more, it depends on what you need the most. I did cut costs by being solo-solo, purchasing everything on e-bay or another second-hand place and having my husband to help with the computer stuff. My next investment will be now to purchase the Rosetta Stone CD's for spanish, since I discovered that there is a big spanish community not too far from the office and only two doctors speaking spanish in town (both males). Plus my practice is called Medical and everybody assumes I must speak spanish.

I would not start investing at this point. The new office will be stressful enough and you won't be able to focus on the right things plus your personal life may suffer. My husband is a very calm person but sometimes even he seems affected by the stress of the start-up.

> I'm planning a private practice move and the dilemma of 'the right > overhead' is ongoing; less is more is the mantra - I'm with you.

>

> I wonder about parking, location and convience.

>

> Spot 'a' has excellent parking but is in very mixed residential/office > location.

> Spot 'b' has underground parking - a plus in new england but the > overhead is plus'ing 40%, necessitates a partner given the available > sq footage (1200) smallest chunk and is in a better > visual/business/professional location.

> Spot 'c' is quaint, small, 500 sq feet but in foot traffic part of > town, distant from good parking by 75 yards.......

>

> Spot 'd' is a huge investment, great parking, excellent location but > would necessitate many co-investors and added risk.....

>

> thoughts?

>

> Adam

>

>

>

> Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+ > countries) for 2¢/min or less.

>

> >

Check out AOL.com today. Breaking news, video search, pictures, email and IM. All on demand. Always Free.

[Guest guest]

I would really think twice about the larger space. My life is so much less complicated without having to worry about how other people want to run or set up an office. I have been on my own for 7 months now and can't imagine a partner. I would like to think there is another person out there that I could share with, but I am so much happier alone.

I don't think a mixed residential/office space is a con. To me the first space sounds pretty good, unless there is some other thing you don't like about it.

Re: space..another frontier

It depends on how many patients you have and what do they expect. When I opened (from no patients and in an area completely new to me) I had to chose a visible place, the most visible I could find. My office faces an intersection in town and when cars stop, they see my sign. I also had to be in a safe place, since I had no personnel. The space is 1000 sq feet and it is more expensive than many of the spaces I read about here but it was a marketing strategy decision. After 8 months I was seeing 3 patients a day, many of them found me when they needed a doctor "now" and my sign stated "same day appointments", right under their nose. Many of them had a physician already but they could not get through the secretary. Now (after 10 months), I am starting to see the word-of-mouth trend. People who came from the street start referring their relatives or friends to me. I still have to take oc med shifts to survive but things are looking better.

In three years, once my practice can be actually considered a practice, I will move in a smaller space or sublease from another specialist. There will be more specialists coming in town, since next year the new hospital will open. I could also sublease my space to one of them.

Less is not always more, it depends on what you need the most. I did cut costs by being solo-solo, purchasing everything on e-bay or another second-hand place and having my husband to help with the computer stuff. My next investment will be now to purchase the Rosetta Stone CD's for spanish, since I discovered that there is a big spanish community not too far from the office and only two doctors speaking spanish in town (both males). Plus my practice is called Medical and everybody assumes I must speak spanish.

I would not start investing at this point. The new office will be stressful enough and you won't be able to focus on the right things plus your personal life may suffer. My husband is a very calm person but sometimes even he seems affected by the stress of the start-up.

> I'm planning a private practice move and the dilemma of 'the right > overhead' is ongoing; less is more is the mantra - I'm with you.

>

> I wonder about parking, location and convience.

>

> Spot 'a' has excellent parking but is in very mixed residential/office > location.

> Spot 'b' has underground parking - a plus in new england but the > overhead is plus'ing 40%, necessitates a partner given the available > sq footage (1200) smallest chunk and is in a better > visual/business/professional location.

> Spot 'c' is quaint, small, 500 sq feet but in foot traffic part of > town, distant from good parking by 75 yards.......

>

> Spot 'd' is a huge investment, great parking, excellent location but > would necessitate many co-investors and added risk.....

>

> thoughts?

>

> Adam

>

>

>

> Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+ > countries) for 2¢/min or less.

>

> >

Check out AOL.com today. Breaking news, video search, pictures, email and IM. All on demand. Always Free.

[Guest guest]

Good luck Adam.

I would scratch spots b and d off your

list for the costs associated with them.

Spots a or c sound promising.  Wouldn’t

worry too much about either the mix of residential/office, or the 75 yards to

parking.  The sound of spot c is appealing to me – quaint, small (500 sq

ft should be enough), foot traffic.  Because you listed spot a as such (first on

the list), I’m guessing you like that one best.

A. Eads, M.D.

Pinnacle Family Medicine, PLLC

phone fax

P.O.

Box 7275

Woodland

Park, CO 80863

From: [mailto: ] On Behalf Of adam schwarz

Sent: Sunday, July 30, 2006 4:16

AM

To:

Subject:

space..another frontier

I'm planning a private practice move and the dilemma of 'the right

overhead' is ongoing; less is more is the mantra - I'm with you.

I wonder about parking, location and convience.

Spot 'a' has excellent parking but is in very mixed residential/office

location.

Spot 'b' has underground parking - a plus in new england but the

overhead is plus'ing 40%, necessitates a partner given the available sq footage

(1200) smallest chunk and is in a better visual/business/professional

location.

Spot 'c' is quaint, small, 500 sq feet but in foot traffic part of

town, distant from good parking by 75 yards.......

Spot 'd' is a huge investment, great parking, excellent location but

would necessitate many co-investors and added risk.....

thoughts?

Adam

 

Yahoo! Messenger with Voice. Make

PC-to-Phone Calls to the US

(and 30+ countries) for 2¢/min or less.

[Guest guest]

thanks your comments ring the right bell, moving from huge overhead/fancy to low overhead/simple is a mental challenge - will keep looking! A" Malia, MD" wrote: I'm always tentative to offer opinions with so little info. That said, myfirst feeling was 'a' though you don't describe the actual office size,etc. My feeling is based on the idea of not having the office too bigthat you have to "find" others for it. If you already have a person orpeople you are working

with, great, but to get a big space and then needto find others I think is a potential problem. Reasonable parking isnice, and you may need less than you think (controlling overhead meansneeding fewer pts in the office, thus fewer cars in parking lot), butsomething close by is pretty important for many people. With thatcriteria, I'd drop b, c and d. And the "mix" of the neighborhood andvisibility aren't that important in my mind (some of us use the backcorner of an opthamologist office - right Gordon? - or the back corner ofa small, community mall, next to the public bathrooms - me).Look for other opinions too. This group tends to make good points thatfrom my experience seem to ultimately prove true.Good luck,Tim> I'm planning a private practice move and the dilemma of 'the right> overhead' is ongoing; less is more is the mantra - I'm with you.>> I wonder about parking, location and

convience.>> Spot 'a' has excellent parking but is in very mixed residential/office> location. Spot 'b' has underground parking - a plus in new england but> the overhead is plus'ing 40%, necessitates a partner given the> available sq footage (1200) smallest chunk and is in a better> visual/business/professional location. Spot 'c' is quaint, small, 500> sq feet but in foot traffic part of town, distant from good parking by> 75 yards.......>> Spot 'd' is a huge investment, great parking, excellent location but> would necessitate many co-investors and added risk.....>> thoughts?>> Adam>>>>> ---------------------------------> Yahoo! Messenger with Voice. Make PC-to-Phone Calls to the US (and 30+> countries) for 2¢/min or less. __________________________________________________