Job stability is something that those wanting to become a doctor think that they will have.
It’s common to hear people say, ” We will always need doctors.” And that’s true to a certain extent, but while there is a need for doctors, that doesn’t mean that the jobs are all that stable anymore.
Physician jobs are becoming less and less stable as time goes on. Small private practices barely exist anymore, so all that we are left with is large hospital systems and large private practices that may be PE backed.
Job stability is something that those wanting to become a doctor think that they will have. Click To Tweet
Those jobs aren’t the most stable.
Those large companies bring mergers, acquisitions, territory fights, and general instability to your general job.
Now that physicians have given up our autonomy, we can be held to job productivity standards that can be near impossible to meet, and then punished when we don’t meet them.
Many see employment as less risky than entrepreneurship. But it’s paradoxically untrue.
If you lose your job while being employed, you go from making 100% to 0%, practically overnight.
If you are self employed, most of the time you have multiple streams of revenue so that if one goes down, you have five more.
Done right, entrepreneurship provides much more stability for a physician than a corporate job.
