Professionals | Scotiabank

Professionals

Ask an expert: Starting or buying your own practice

This month, Susan Shulist, Regional Sales Manager, Scotiabank, offers advice to professionals seeking to start their own practice.

Getting the funds to start your practice

For many young professionals, raising capital to start a private practice -- whether it is in medicine, law or another profession -- can be one of their biggest challenges. Although years of study and hard work – interning or articling – may have prepared you for your vocation, few professional programmes train graduates in running a business; being proficient in medicine, for instance, does not give you an edge in applying for a loan.

Balancing work, life and studies

Achieving a balance between work and life is a challenge for all entrepreneurs. It can be an even bigger one for students in professional programmes such as law and medicine, who need to juggle the demands of life and their studies. With so much on the agenda, acquiring solid time-management skills can be essential to driving success, and will remain an important element in the successful development of their future practice.

Practice Management-Seminar Series

Are you:
• about to graduate?
• a new practitioner?
• moving from associate to owner?
• expanding your practice?

If any of these scenarios describes the stage of your professional career, you will benefit from an exclusive on-line seminar series developed by Scotiabank for Professionals. These five 25 minute presentation modules will give you an overview of both the financial and non-financial intricacies to consider, helping you grow and build a successful practice.

To start, we recommend viewing the first module, ‘Planning for the Future – Life as a Professional’ by selecting the register link below, which we hope you will find interesting and thought provoking. By completing the additional requested information field, you will have immediate access to not only the presentations but also to a selection of important practice management information including writing a business plan, financial advice & tips, Scotia Blueprint^® for business Check-Up tool and exclusive cost saving offers through Scotia Professional® Plan.

Thank you and enjoy,
Get Growing for Business Team

To view the four modules, click for details.

The information and tools presented on this site are for general information purposes only and is considered accurate at the time of posting. They are not intended to provide legal, investment or tax advice. Opinions expressed by third party sources are not necessarily those of Scotiabank.