On your own ???
Posted By: Patti Hempen on 2008-06-27
In Reply to: Trying to Go out on My Own!!! - happyMTmomof4
I've done this for 20+ years and I say, "Don't do it." You can make tons of money having your own clients, but you never know when or why they dump you and you're left holding the bag with a house payment, rent payment, car payment and credit card bills.
In one incident, I had moved to Seattle at one time in my life from Texas due to a divorce, taking a very LOYAL client with me who promised to send me the work... I tried to play it safe by also working for a Radiology Clinic near Seattle. Rentals in the Seattle area are very expensive... and guess what happened... Two months after I got there and had taken a very expensive apartment, they decided, or should I say, his WIFE decided that they no longer wanted to do that... so, yes, I had to leave my beautiful apartment, move to a cheaper place and had to give up my new car as well as file bankruptcy.
When I lived in Miami, I had to get an attorney to write letters to five of my clients who wanted 24-hour TAT and I gave it to them, but they were not paying me for three months. This included private physicians as well as a hospital. I kept delivering the work on a 24-hour turn around, but almost had to sue to get paid.
Doctors and hospitals are not good payers. It's not a stable business. Even the largest MT companies struggle to keep their clients. Need I say more? I would never in this lifetime go into the transcription business for myself unless I had a rich husband and we aren't by any means rich.
Hope this helps.. I know I sound awfully negative, but this is the way it works. Ask any Transcriptionist how unstable it is. You can't make the doctors sign a contract for any length of time - why? Because they want the upper hand as always and want to be able to "DUMP YOU" whenever they see fit. If you're working for an MT company, you are better off sticking with it unless they don't pay you on time.
Stay smart... Hugs, Patti
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