26th Mar 2008
Timing is everything – How soon before graduation can I start my practice?
The answer to that question is: You can’t! I know you are very eager/anxious to get going. You have lots of student loan debt to repay, and you’ve found a great location, and you are chomping at the bit. But you can’t commit to anything until you have your license IN YOUR HANDS!
I talked to a couple the other day who wanted to commit to a lease. They are graduating in October. Give a month or so to process their license (assuming they have already passed all their boards) and they will be lucky if they can get their licenses by December 1. I suggested they put a contingency in their lease that said they didn’t have to make a final commitment until they have their licenses. This probably means the property owner won’t start build-out until then.
It is far better to be patient for a few months while waiting for your license than to take a chance and have to start paying rent and paying back bank loans without a license to practice and no way to generate income to pay these bills.
Be patient. I promise it will all happen in due time.
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