Medical Billing Forum
Starting a Medical Billing Business => Starting Your Own Medical Billing Business => : williamportor January 17, 2016, 07:23:46 PM
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Hello - I am about to land client # 7 (I hope) at this rate of growth, I may have to rent some office space and hire an employee in about 12-18 months. I'm no doubt jumping the gun here, but what kind of cash reserves should I have before doing this?
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Without knowing your demographic info, such as rental costs and what you would pay someone, I can only guesstimate, and that would be three months(at least)reserve of what you would plan to expend.
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Agree, that's not an easy question to answer but I think kristin's recommendation is good. 3 months should be safe.