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In this interview, I speak with Dr. Amjed Kadhim-Saleh who started his medical clinic while still in his Family Medicine residency. We discuss his unconventional path to not locum and the costs and logistics of starting a medical business. If you are a Family Doctor or Specialist who want to open your own practice, this video is for you! 𝗧𝗼𝗽𝗶𝗰𝘀 𝗗𝗶𝘀𝗰𝘂𝘀𝘀𝗲𝗱: 0:00 - Intro 0:47 - The Why of Starting a Medical Practice 3:22 - Costs of Opening a Clinic 5:01 - Obtaining Financing & Getting a Commercial Mortgage 8:03 - Commercial Mortgage Interest Rates (Owner Occupied vs Not) 9:55 - Renting vs Buying Commercial Space 12:06 - Renovation & Construction 15:20 - Incorporation & Holding Company 16:42 - Using a Professional Line of Credit 17:07 - How to Make a Business Plan 21:41 - The Risks 23:03 - Surround yourself with the right Team 23:37 - Path to Profitability & Cash Flow 32:00 - Recruiting Doctors & Admin 39:23 - Weekly schedule as a Clinic Owner & Family Doctor 40:53 - Becoming a Startup Founder & Building an AI Scribe 48:36 - Getting Startup Funding 48:59 - Future Directions 50:27 - Rapid Fire Questions & Parting Advice 𝗕𝗶𝗼: Dr. Amjed Kadhim-Saleh is a community family physician, clinic owner, and health technology entrepreneur in Toronto. Dr. Kadhim-Saleh graduated medical school from the University of Ottawa, and completed his family medicine residency at the University of Toronto. Serving a diverse population of over 1700 patients, Dr. Kadhim-Saleh is passionate about comprehensive family medicine, building an efficient practice, and improving health for all. Recently, he developed an AI-powered Physician Assistant called Pippen, which aims to alleviate administrative burden among physicians and encourage better doctor-patient interactions. Dr. Kadhim-Saleh is also a Clinical Lecturer at the University of Toronto. 1. LinkedIn: / aj-amjed-kadhim-saleh-6a929b110 2. Other Career Advice Videos: • Office Hours with Dr. Steph - Interviews a... 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀: Dr. Amjed Kadhim-Saleh is the founder of Pippen.ai, a medical scribe company which is a monthly subscription service and this company was discussed in this video. Dr. Stephanie Zhou is not affiliated with Pippen.ai and did not receive compensation from Pippen.ai for this interview. These slides are for education purposes only. Any information, views, and opinions expressed are solely those of the presenter and are not a substitute for advice specific to your personal situation. #medicalclinic #smallbusinessowner #startupfounder