Have you optimized your core business though? Is it running at the lowest possible overhead with the maximum possible profit? Are you 100% tax efficient with your earnings?
No point starting a side business if your core business isn't optimal yet. It will never be perfect but sometimes the low hanging fruit is missed. With doctors I've noticed that we are sometimes so busy with patients that we forgot to spend a day or so just looking at our business processes and personal finances and there ends up being a lot of monetary waste. Also, stupid things like how the clinic is organized and the system/process that takes patients from the front door to exit sometimes has wasteful or inefficient steps - it might be possible to improve your business work flow to a point that you'll have more free time and enjoy your work enough to not need side hustles.
As a specialist physician in Canada it might be easier just to reduce your unnecessary spending to a point where you can retire early, rather than dissipate your energy in side hustles.
As for ideas for side hustles, look at the needs of practices and consider building up a business that serves that need better. For example, in my country, medical waste management to a large extent is not run very well and I've been thinking of starting my own waste management company just to show the competition that a doctor can do it better than they can. Look at everything in your practice - the furniture, the IT infrastructure, the human resources, the supplies, the music, the note taking system or EMR, the booking system, etc. and see if there is something that could really be improved and would also be a good business idea.
Anyway, that was just my 2c.
No point starting a side business if your core business isn't optimal yet. It will never be perfect but sometimes the low hanging fruit is missed. With doctors I've noticed that we are sometimes so busy with patients that we forgot to spend a day or so just looking at our business processes and personal finances and there ends up being a lot of monetary waste. Also, stupid things like how the clinic is organized and the system/process that takes patients from the front door to exit sometimes has wasteful or inefficient steps - it might be possible to improve your business work flow to a point that you'll have more free time and enjoy your work enough to not need side hustles.
As a specialist physician in Canada it might be easier just to reduce your unnecessary spending to a point where you can retire early, rather than dissipate your energy in side hustles.
As for ideas for side hustles, look at the needs of practices and consider building up a business that serves that need better. For example, in my country, medical waste management to a large extent is not run very well and I've been thinking of starting my own waste management company just to show the competition that a doctor can do it better than they can. Look at everything in your practice - the furniture, the IT infrastructure, the human resources, the supplies, the music, the note taking system or EMR, the booking system, etc. and see if there is something that could really be improved and would also be a good business idea.
Anyway, that was just my 2c.