Kobicove:
I hope you're aware that in some professions establishing a competing business leads to a conflict of interest

There are many sides hustle that doesn't need your physical presence.

Xsem:

Please where is the link to the thread?

here https://www.nairaland.com/4114345/salaries-medical-doctors-nigeria

Madeu:

There are many sides hustle that doesn't need your physical presence.

If you start a side business in Nigeria and you fail to monitor it closely your employees will steal you blind.

really

IbnIbrahim:
Let’s face it: being a doctor is great, but the job doesn’t always meet all of our needs. Sometimes we need a little something more – whether that be a hobby, time with family, or, yes, even money.

Enter the side hustle.

A side hustle is simply a way to make an income apart from your primary job. Let me tell you, physicians are jumping on this idea in droves, and it’s not just because they want to be rich. Trust me, if getting rich was our primary goal, we wouldn’t have gone into medicine.

There are some deeper things at play here, especially the concept of physician burnout. Unfortunately, I’m not the best equipped to handle that discussion. I’ll leave that to Nisha Mehta, M.D.

I’ve highlighted physicians who have done everything from starting their own YouTube channels to starting their own companies. For some of these doctors, the side hustle has become a significant source of revenue. (In fact, Nisha Mehta, Pamela Starnes and I have helped build a nice community around the concept. If you’re a physician, consider joining the Physician Side Gigs Facebook Group to learn, support, have fun, or just dream.)

But while money is an important part of the concept, there are other reasons a side hustle might be right for you. So here are five of those reasons, starting with the obvious:

1) Make more money

When it comes down to it, everybody likes the idea of having a little extra income. Besides providing a safeguard against unforeseen expenses, a side hustle may help you take that dream trip you’ve always wanted, or perhaps help put your kids through college.

And if you doubt how significant the income from a side hustle can be, just talk to the White Coat Investor or Physician on Fire. Again, check out some of the True Doctor Stories. There are many people who have matched or even exceeded their physician incomes through what can be considered side hustles.

2) Hedge against the unknown

We all know medicine is changing. We’re constantly at the mercy of regulatory changes and insurance carriers who often dictate the timing and amount of reimbursement. Some physicians are seeing reimbursement cuts by as much as 10-20% from year to year.

Of course, the biggest worry is losing your job altogether. And if you think doctors have full job security, ask any anesthesiologist whose group got bought out by Sheridan (bought by Amsurg). One day you’re in, the next you might be out.

In the face of all that uncertainty, wouldn’t a little extra security be nice? Not only can a side hustle provide more financial security for yourself and your family, it can greatly reduce your daily stress, just by knowing you could make it if the worst happens.

3) Provide an outlet for your passions

I think I can safely say that most of us became physicians because we’re passionate about it. I don’t think any one profession can define our passions in full. Sometimes we have itches that practicing medicine just doesn’t scratch.

Some love to be creative otherwise through writing, art, or music, while others love to start businesses. Whatever your passions are, wouldn’t it be nice to have an additional pursuit that happens to bring in a little extra income.

4) Allows for more enjoyment in your day job

No doubt you’ve heard that variety is the spice of life. Sometimes it can be nice to flex different muscles. Having other pursuits and passions, especially those that can produce some sort of income, is extremely gratifying. But I’ve noticed it also makes me appreciate being a doctor in some other ways as well.

With another outlet for my interests and other sources of income, my profession as a doctor goes from near obligation to another passion to pursue.

5) Gives more freedom… and happiness

One of the greatest benefits of having a side hustle is simply the ability to choose what you do with your time. Happiness can sometimes be a very elusive state of mind, but I think a huge part of it is feeling like you have choices. Personally, it’s changed my outlook on my job, and myself and my family are better off for it. Because of my own side hustles, I can choose to spend more time doing what I want–whether that be time spent with family, or time spent at work.

Wrap up

The great thing about having a side hustle is that you don’t have to give up your career as a physician. If your intention is simply to reduce your current clinical time, this gives you an opportunity to explore that without putting your primary source of income at risk.

Maybe you’ve already come up with a business idea, or an invention, or thought of trying something on the side. Why not at least give it a shot? The worst that could happen is that you basically end up in the same place, maybe having wasted a little time or money. But depending on what your goals are, the upside could be tremendous.

Read more here: http://www.hotproforum.com/topic716.html

Nigerian Doctors are so full of shits. They are so incompetent

ycmdng:
Wetin doctors dey do self?

I wonder, the profession is overrated jare. Hissssss

IbnIbrahim:

Consultant comes once in a week?? I beg to differ

A surgeon consults, operates, and does his rounds weekly and on different days. If he works in a training institution, add his teaching rounds too. He cannot do all in one day. If he comes once a week it may be because he has a loyal and strong team under his senior registrar.

We doctors abroad don't need side hustle...
Our pay is enough

seapson:
So after 7 years of head banging sleepless night in uni,a doctor can still not live in peace abi?
Tufiakwa
Once upon a time, I use to envy doctors

Now nko

judlice84:
We doctors abroad don't need side hustle...
Our pay is enough

What about those in Nigeria?
Are we going to die of hunger?

Mbediogu:


A surgeon consults, operates, and does his rounds weekly and on different days. If he works in a training institution, add his teaching rounds too. He cannot do all in one day. If he comes once a week it may be because he has a loyal and strong team under his senior registrar.

I agree to some extent. But you know that the SR too is under training. To avoid story that touch, most consultants I have worked with are always on top of their game.

Faraidi:
I wonder, the profession is overrated jare. Hissssss

My dear, do not pray to be sick. Everyone has a role to play in our existence.

Faraidi:
Nigerian Doctors are so full of shits. They are so incompetent

Really
I am speechless. Maybe somebody would help me respond to this.

judlice84:
We doctors abroad don't need side hustle...
Our pay is enough

No pay is ever enough. You have to invest. Single stream of income especially having it in one sector is not advisable in this age.

You will never die of hunger.
Try and leave naija because they ain't treating you doctors well

IbnIbrahim:

What about those in Nigeria?
Are we going to die of hunger?

My pay is more than enough even after paying tax

Madeu:

No pay is ever enough. You have to invest. Single stream of income especially having it in one sector is not advisable in this age.

IamaNigerianGuy:
Doctors with 'side-hustles' are doctors who will eventually make mistakes and endanger the health of their patients.

All advanced health care systems actively discourage this. Competent health care systems encourage health workers to use their free time for relaxation and professional development.

Historically, a 'side hustle' is an indication of poor renumeration and/or a deficient health care system ( former Soviet Union, Cuba, Nigeria, Latin American and most African States)

We should work towards raising the salaries and allowances of our medical practitioners (and all other workers) rather than forcing them to depend on a 'side hustle'. The money is certainly available : after all we find enough to pay the legislators and other politicians don't we ?

I agree with some of the points raised. However, the struggle for increment in salary and allowances has been on for decades, with no end in sight. There are hustles we can do that won't necessarily affect the quality of care you give to your patients. I know of colleagues who have side hustles and are the best when caring for their patient.

IbnIbrahim:
maybe he is on locum. There is no law that says a consultant should come once in a week. It's typical for consultant to have their clinic days, surgery days etc. they also teach undergraduate and postgraduate students etc.

A consultant working for government is like any other civil servant that must abide by the laws.

Sadly this is how a typical Nigerian consultant is........they accumulate fat salary yet come to work once in a week!

Kobicove:
I hope you're aware that in some professions establishing a competing business leads to a conflict of interest

how?

side hustle is PP na !!!!!!

[quote author=Kobicove post=62330091]

If you start a side business in Nigeria and you fail to monitor it closely your employees will steal you blind. [/quote).....gbam

IbnIbrahim:

I agree to some extent. But you know that the SR too is under training. To avoid story that touch, most consultants I have worked with are always on top of their game.

As a Registrar (not even Snr. Registrar) I could do do 80 percent of what my Consultant did. In our days most Snr Regs had passed their part 2 and were just waiting for vacancies to become consultants at the teaching hospital but everything has changed.

IbnIbrahim:
maybe he is on locum. There is no law that says a consultant should come once in a week. It's typical for consultant to have their clinic days, surgery days etc. they also teach undergraduate and postgraduate students etc.

A consultant working for government is like any other civil servant that must abide by the laws.

Bro.... I am talking from experience... This said consultant came to the ophthalmology dept only on thursdays. I was practising full-time as a primary eye care specialist, my job was to book/refer patients whose conditons were beyond the confines of primary eyecare ... Of course he came to work everyday but you couldnt see him if you were a patient except it was an emercency. he worked as a MEDICAL PRACTITIONER only on thursdays. He might have been into administrative work but beyond 2pm... hes out.. My point is doctors have all the time in the world joor (only if you working in a fed hosp or you are not on call).




modified: i failed to mention that the consultant came on tuesdays to teach medical students


I for example, consult (not as a consultant) at a hospital only on saturdays (sundays on emergency). while i do consult as an ICT consultant during weekdays..


Dont let nobody deceive you. My circle of colleagues who practise full-time at Bonny Camp,LUTH,LASUTH and NASS all resume 8:30 - 2pm (4pm tops). And none works on sat and sun (except on call). Some work on Sat and Sun in private clinics and hospitals as a side hustle...

In fact, one of my colleagues in Kano has a shop in onitsha.. you guessed it.. hes igbo

Faraidi:
Nigerian Doctors are so full of shits. They are so incompetent

lol.. You are one of those who read stuff online and come to the hospital with an ailment and you try to teach the doctor his job.

Some of you will agrue blindly with a professional because you saw smthg on wikipedia and facebook....

Mbediogu:


A surgeon consults, operates, and does his rounds weekly and on different days. If he works in a training institution, add his teaching rounds too. He cannot do all in one day. If he comes once a week it may be because he has a loyal and strong team under his senior registrar.

IbnIbrahim I see you are a resident in this our thankless profession. Press on brother. I wish you well.

IamaNigerianGuy:
Doctors with 'side-hustles' are doctors who will eventually make mistakes and endanger the health of their patients.

All advanced health care systems actively discourage this. Competent health care systems encourage health workers to use their free time for relaxation and professional development.

Historically, a 'side hustle' is an indication of poor renumeration and/or a deficient health care system ( former Soviet Union, Cuba, Nigeria, Latin American and most African States)

We should work towards raising the salaries and allowances of our medical practitioners (and all other workers) rather than forcing them to depend on a 'side hustle'. The money is certainly available : after all we find enough to pay the legislators and other politicians don't we ?

maybe the doctors should become politicians

boiz2men:



lol.. You are one of those who read stuff online and come to the hospital with an ailment and you try to teach the doctor his job.

Some of you will agrue blindly with a professional because you saw smthg on wikipedia and facebook....

go and sleep jare. I'm actually referring to Nigeria doctors, they are so unprofessional. only interested in their pockets. Hisssssssss

boiz2men:



lol.. You are one of those who read stuff online and come to the hospital with an ailment and you try to teach the doctor his job.

Some of you will agrue blindly with a professional because you saw smthg on wikipedia and facebook....

go and sleep jare, I'm actually referring to Nigeria doctors. They are so unprofessional. Only interested in their pockets.

IbnIbrahim:

Really
For every doctor you see on the street, they have a life outside their profession and yearn to make ends meet like any other person. The main hustle is stress, but of what use is an hustle that cannot sustain you? The same principle of financial survival to create multiple streams of income applies equally to doctors.

Hey Doc, I'm interested in that face book Grp.. cld u help me wit a link to it..

boiz2men:


Bro.... I am talking from experience... This said consultant came to the ophthalmology dept only on thursdays. I was practising full-time as a primary eye care specialist, my job was to book/refer patients whose conditons were beyond the confines of primary eyecare ... Of course he came to work everyday but you couldnt see him if you were a patient except it was an emercency. he worked as a MEDICAL PRACTITIONER only on thursdays. He might have been into administrative work but beyond 2pm... hes out.. My point is doctors have all the time in the world joor (only if you working in a fed hosp or you are not on call).




modified: i failed to mention that the consultant came on tuesdays to teach medical students


I for example, consult (not as a consultant) at a hospital only on saturdays (sundays on emergency). while i do consult as an ICT consultant during weekdays..


Dont let nobody deceive you. My circle of colleagues who practise full-time at Bonny Camp,LUTH,LASUTH and NASS all resume 8:30 - 2pm (4pm tops). And none works on sat and sun (except on call). Some work on Sat and Sun in private clinics and hospitals as a side hustle...

In fact, one of my colleagues in Kano has a shop in onitsha.. you guessed it.. hes igbo

You are wrong , i work in one of those Hospitals and i spent far more than those hours at work. People think the higher u go the easier. But lemme tell u , only the nature of ur duties and responsibility will change , you tend to become busier. Except you are not serious