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5 Takeaways From My Recent Cash-Based Medical Practice
Listen to this episode: play the audio What a blast we had! Still recovering from my latest workshop, How to Start a Cash Based Medical Practice, where we had experienced and aspiring physician entrepreneurs from all corners of the country to learn about the profitable opportunities of running a cash-based medical practice. On this episode, I share 5 key insights that. I've accumulated over the years of entrepreneurship and a decade managing my own cash-based medical practice

Dr. Mike Woo-Ming
2 days ago1 min read
Get All Your Goals Accomplished with Accountability Partners
Listen to this episode: play the audio Today dive into the game-changing power of accountability partnerships for physician entrepreneurs. Learn how an accountability partner can supercharge your motivation, skyrocket your productivity, and give your decision-making a serious upgrade. We've got insider tips on where to find your perfect match, from online platforms to local networks. We don't stop there - we also dish on what makes a great partner and how to make your check-i

Dr. Mike Woo-Ming
2 days ago1 min read
Inside the Life of a Solopreneur with Reed Floren
Listen to this episode: play the audio Today you'll meet Reed Floren, a digital marketing expert who has been involved in the industry since 1999. Reed is what to referred as a solopreneur - a one man business with little to no clients and can work as a digital nomad. He has built an impressive reputation for his expertise in traffic generation, list building and affiliate marketing. He is also an AI and automation guru using these cutting edge technologies to help businesses

Dr. Mike Woo-Ming
2 days ago1 min read
Healthcare Meets Heartcare
Listen to this episode: play the audio In this fascinating episode, we sit down with Dr. Chrystene Nguyen, a lifestyle medicine physician who ingeniously combined the worlds of healthcare and romance. Learning from personal experience as a single healthcare professional during the COVID-19 pandemic as well as tackling issues of work-life balance with colleagues, Dr. Nguyen founded White Coat Romance, first a Facebook group and then later an innovative dating app specifically

Dr. Mike Woo-Ming
2 days ago1 min read
7 Wealth Building Habits You Must Master to Achieve Financial
Listen to this episode: play the audio I delve into the wealth-building habits that catalyzed my transition from frazzled employed doctor to a physician entrepreneur. Central to my journey was the profound impact of investing in myself. I'll share how constant self-learning, taking advantage of opportunities, and drawing inspiration from successful mentors were pivotal. Listen in as I share my personal journey, offering you the tools to carve your own path towards financial f

Dr. Mike Woo-Ming
2 days ago1 min read
Orange Chicken! 7 Lessons to Learn from the Founders of Panda
Listen to this episode: play the audio We delve into the remarkable journey of Panda Express, a company that started from humble beginnings and now is on pace to be the first 10 billion dollar "mom and pop" company. So what can we learn from this All-American Success Story? Jim Rohn famously said "Success Leaves Clues" and the story of Andrew and Peggy Cherng, the founders of Panda Express, is no different. On this episode we share seven valuable strategies that can be learn

Dr. Mike Woo-Ming
2 days ago1 min read
How This Plastic Surgeon Developed Software to Revitalize
Listen to this episode: play the audio Dr. Shitel Patel went from living in a motel to becoming a successful plastic surgeon. Dr. Patel's journey was shaped by his family's determination to create additional revenue streams, including real estate investments and this entrepreneurial spirit led to start his own private practice. However, he soon realized the inadequacies in his own practice and began exploring how software could help. This led him to found AdVital, a company t

Dr. Mike Woo-Ming
2 days ago1 min read
5 Takeaways as a Member of a Millionaire Business Mastermind
Listen to this episode: play the audio Today I'll share my experiences of being a member of business mastermind groups. Having spent a significant amount of money to gain access to these exclusive networks, I'll let you know why I believe its worth the investment once you found the right one. I'll also share the valuable lessons I've learned from being a part of these influential circles. Finally, we go over five takeaways of becoming a member of a business mastermind and the

Dr. Mike Woo-Ming
2 days ago1 min read
How This Doctor Replaced Her Clinical Income Through Land
Listen to this episode: play the audio Dr. Mamta Kumar, a former investor turned land investor, joins us on this episode of BootstrapMD to share her success in the world of land investing. While real estate discussions often revolve around houses and multifamily units, Dr. Kumar has taken a different path by focusing on purchasing raw land. With over a hundred properties, she has effectively replaced her clinical income and now devotes her time to land investing full-time. Dr

Dr. Mike Woo-Ming
2 days ago1 min read
Navigating the Complex World of Physician Student Loans with
Listen to this episode: play the audio In this podcast episode, we discuss the topic of student loans with Dan Rooker from Student Loan Planner. There have been quite a bit of recent changes in student loan policies brought about by the current administration, particularly the new plan called the Save Plan. Previously, there was hype around potential debt relief of $10,000 to $20,000, but for high-earning professionals with significant loan balances, this reduction would not

Dr. Mike Woo-Ming
2 days ago1 min read
How This Physician Uses Podcasts to Improve Doctor-Patient
Listen to this episode: play the audio Today's guest is Bradley Block, MD who is an ENT doctor and the creator of the Physician's Guide to Doctoring Podcasts. This doctor realized the importance of trust and efficient communication with patients in building his reputation and enjoying his practice. However, he couldn't find a podcast that focused on improving doctor-patient communication, so he took matters into his own hands and created his own. This podcast has served as a

Dr. Mike Woo-Ming
2 days ago1 min read
How This Triple-Boarded Physician Found His Calling and
Listen to this episode: play the audio Looking for inspiration to turn your ideas into reality and achieve your entrepreneurial dreams? In this interview you will meet Dr. Jonathan Bakhari, a triple-boarded physician specializing in internal medicine, pulmonary, and critical care medicine and CEO of eNational Testing, e7 Health, & US Drug Test Centers. From humble beginnings, you will discover how he leveraged his clinical experiences in the hospital setting to start multip

Dr. Mike Woo-Ming
2 days ago1 min read
5 Ways Employed Physicians Can Raise Their Salary Without
Listen to this episode: play the audio In a study conducted in 2022, it was revealed that a significant majority (74%) of physicians are employed, with their paychecks coming from hospitals or other healthcare facilities. For these physicians, breaking free from the traditional employment model and venturing into entrepreneurship or investing might seem out of reach due to the perceived security of their stable jobs. However, it is possible for employed physicians to increa

Dr. Mike Woo-Ming
2 days ago1 min read
Why Systemization is Crucial for the Success of Your Medical
Listen to this episode: play the audio When a business is systemized, it can operate smoothly, generate consistent revenue, and even be sold more easily. Private equity firms, in particular, look for systemized businesses that can run efficiently without heavy reliance on the owner. By implementing systematic processes and streamlining operations, businesses can achieve higher levels of organization and productivity. Today on the podcast we interview David Jenyns, a successf

Dr. Mike Woo-Ming
2 days ago1 min read
7 Principles Physicians Can Learn from Reading the 4-Hour
Listen to this episode: play the audio In this episode of BootstrapMD, we discuss the potential impact of Tim Ferriss' influential book, The 4-Hour Workweek, can make on physicians' careers and lives. I'll share my own insights gained on how this book helped transition me from traditional medicine to running my own practices and businesses. Together we will unravel 7 key takeaways from The 4-Hour Workweek that have the potential to reshape the way physicians approach their wo

Dr. Mike Woo-Ming
2 days ago1 min read
Why Private Practices Need Turnkey Alternative Revenue
Listen to this episode: play the audio It's no secret physician private prqctice ownership is at an all-time low. It takes out of the box thinking to survive and thrive in today's medical climate, and that's why it was imperative to have my next guest onto the podcast. Andy Greider is an innovative healthcare entrepreneur whose company, Healthcare Evolution Group, has successfully created multiple turnkey solutions that helps doctors meet Medicare compliance, boost patient en

Dr. Mike Woo-Ming
2 days ago1 min read
Key Takeaways Physicians Can Learn from The Millionaire
Listen to this episode: play the audio Following the theme of discussing books that have shaped my entrepreneurial journey, today we look at the Millionaire Fastlane by MJ DeMarco. Published in 2011, this book really transformed my mindset and perspective on what it takes to get to the path of financial success. On this episode we will explore some groundbreaking key principles gleaned from this classic, and how this book can serve as a roadmap for aspiring healthcare entrepr

Dr. Mike Woo-Ming
2 days ago1 min read
My Favorite AI Tools for Physician Entrepreneurs and Course
Listen to this episode: play the audio Artificial intelligence (AI) has become an integral part of improving businesses, and in this episode, we will explore some of my favorite top AI tools. From ChatGPT to Anthropic's Claude to Meta and other big tech companies getting into the game, AI has opened up new possibilities for entrepreneurs and big businesses alike. One way AI has gotten more popular is through what we refer to as pushbutton AI tools. Join us as we delve into th

Dr. Mike Woo-Ming
2 days ago1 min read
Essential Principles Physician Entrepreneurs Can Learn from
Listen to this episode: play the audio In this episode of BootstrapMD, we will be discussing a book that may go unnoticed among popular entrepreneur literature but has played a vital role in shaping my career as a physician entrepreneur. Published in 2006 by Felix Dennis, "How to Get Rich" offers insights and guidance that are imperative for individuals seeking financial success. Throughout this podcast, we will delve into the key takeaways and implications of Dennis' book, e

Dr. Mike Woo-Ming
2 days ago1 min read
The Secret Sauce of Becoming the Visionary of a Global
Listen to this episode: play the audio We delve into the remarkable story of Justin Breen, an author and entrepreneur who has found success through his exclusive connectivity platform, BR Epic Network, and is the CEO of global PR firm BREpic Communications. His first book, Epic Business, was a bestseller in six countries and No. 1 for Entrepreneurship in the US.. After meeting at a mastermind group, I read his latest book, "Epic Life," which reveals why he works exclusively w

Dr. Mike Woo-Ming
2 days ago1 min read
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