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Leaving Medicine Without Any Regrets with George Huang MD
Listen to this episode: play the audio Facing near bankruptcy, cosmetic surgeon George Huang had two choices. Continue on to a cushy job offer that he no longer wanted, or go after his passion, small business consulting and entrepreneurship. He chose the latter, and despite the many obstacles, developed a six-figure revenue stream in 73 days and then doubled it by the end of the year. Stick with security/make more money in a job you despise? Or pursue your dreams on a venture

Dr. Mike Woo-Ming
3 hours ago1 min read
Can Doctors Start a Business Anonymously?
Listen to this episode: play the audio Can you start a business and no one knows you did? It sounds kind of crazy, but over the years I've had physician clients who didn't want their patients or colleagues know what they are doing. Certainly there are some types of businesses where that's possible. We discuss what types of businesses those are, but also delve into why having a mask of anonymity may be uncovering a bigger problem. Register for the premier event for Physician E

Dr. Mike Woo-Ming
3 hours ago1 min read
The Most Important Thing We Did for Our Online Businesses
Listen to this episode: play the audio We discuss what we consider is the most important thing you can do for your internet business. My guest is Dr. Maiysha Clairborne, a successful doctor turned entrepreneur. Dr. Clairborne (aka Stress-Free Mom MD) is the founder of the Next Level Physician Entrepreneurs Institute which helps physicians develop, setup and launch their business with specific coaching, curriculum and community support. She will also be co-heading BootcampMD,

Dr. Mike Woo-Ming
3 hours ago1 min read
Create Instant Cash Flow By Acquiring a Profitable Business
Listen to this episode: play the audio I'm a big believer in multiple streams of income, and one of the ways I've been focusing this year is investing in already profitable businesses. Finding information on how to do it is difficult, But luckily I reached out to an old friend Alex Nghiem. Him and his partner are in the business of acquiring new businesses and then either holding or selling it later (just like real estate). On the episode, we discuss why if you're still worki

Dr. Mike Woo-Ming
3 hours ago1 min read
Integrating Cash Services to a Busy Insurance-Based Clinic
It can be difficult to incorporate cash-based services, but Dr. Ed Tangchitnob, a cosmetic and gynecologic surgeon, was up for the challenge. I met Ed at a medical conference, and have become good friends. You will hear what led him to his decision to add cash pay services, and the trials and tribulations that occurred along the way. We discuss the book that changed his life, and other recommended reads. You will also be surprised why, unlike most of his peers, he is optimist

Dr. Mike Woo-Ming
3 hours ago1 min read
List Building & Lead Generation for Doctors with John Jurica
Listen to this episode: play the audio Leads is the lifeblood of any internet business. Being able to build a list of prospects interested in your product and service is vital to create a thriving venture. Today I talk with my friend Dr. John Jurica, who started his online business journey just a few years ago, and now co-moderates one of the biggest facebook groups for physicians and has a very popular podcast for nonclinical careers. How did this family physician grow his f

Dr. Mike Woo-Ming
3 hours ago1 min read
Developing Profitable Online Courses as a Physician Creator
Listen to this episode: play the audio More health care professionals are realizing they can start leveraging and capitalizing on their knowledge by creating online courses. Course creation is a lot easier with new tools and technology than it was even a few years ago. Joining me on this podcast is return guest Dr. Maiysha Clairborne. Maiysha and I discuss our experiences creating and selling courses, how we come up with high paying niches, how to generate targeted traffic, a

Dr. Mike Woo-Ming
3 hours ago1 min read
Building a Great Team and Using Automated Systems for Your
Listen to this episode: play the audio No business owner does it alone. Having the ability to have a great team is essential for growing your business. And utilizing technology to harness automated systems can save you time and money as you scale. Dr. Eric Tait is an internist who has vast experience as he grows his business empire. With diverse interests from a hotel, to a healthcare organization, to a coffee plantation, we see how he puts everything together while still see

Dr. Mike Woo-Ming
3 hours ago1 min read
The Journey to Becoming a Home-Based Physician with Nana
Listen to this episode: play the audio Dr. Nana Korsah was a busy full-time nephrologist. Yet despite her career success something was missing. She was experiencing full burnout, and longed to spend more time with her young family. Despite the fear of having to dig into her savings, she was able to make the successful transition and hasn't looked back . She now works as a full-time physician from home through telemedicine, her work as a financial coach, and many other streams

Dr. Mike Woo-Ming
3 hours ago1 min read
How I Quit My Job & Replaced My Doctor's Salary with Google
Listen to this episode: play the audio When I quit being an employed doctor, and started my online business many years ago, I got ZERO support from my physician colleagues at the time. Talking about starting a business as a doctor (let alone a side gig) was taboo. There certainly weren't the number of physician forums and podcasts there are now. Recently, I came across an email that I completely forget about, that my former boss wrote about ME.. I don't want to give it away.

Dr. Mike Woo-Ming
3 hours ago1 min read
Financial Freedom through Real Estate Investing with the
Listen to this episode: play the audio Real estate investing is one of the most popular options for doctors who want to start diversifying income. Many start, and many fail. This anesthesiologist's life changed when he got his first deposits in his bank account from his real estate holdings. Realizing he no longer needed to substitute time for dollars, he increased his portfolio and is now financially free. He now teaches other doctors the smart ways to invest in real estate.

Dr. Mike Woo-Ming
3 hours ago1 min read
Starting from Scratch with an Online Business with Maiysha
Listen to this episode: play the audio If I wanted to develop a kick-butt online business how would I first get started? If you are new to developing a digital business, you'll definitely want to listen to this! My companies have sold everything from e-books, to Amazon products, to consulting services, but it's easy to forget there are certain fundamentals you need to start with to get your business where you want to be. Recently I recorded a Facebook live with my private phy

Dr. Mike Woo-Ming
3 hours ago1 min read
Strategies to Hosting Your Own Conference or Workshop
Listen to this episode: play the audio Ever thought about putting your own event? It's a lot of work, but the rewards can be ever so satisfying. I've hosted at least 50 workshops, seminars, mastermind meetings, and conferences with as little as 4 other people to over a hundred. On this episode I discussed what's worked, what's flopped, and little tricks we've learned throughout the years that have made a difference for a successful event. And speaking of events, we have a few

Dr. Mike Woo-Ming
3 hours ago1 min read
Reflections on My First Business (While in Residency!)
Listen to this episode: play the audio This episode is a quick trip towards memory lane as I reflect on my first internet business that was started in 1996! I discuss what I first sold, that was in a niche that doctors may recognize. You'll learn why I started the business, the crazy things I did to keep our finances afloat, and lessons learned during the infancy of the internet.

Dr. Mike Woo-Ming
3 hours ago1 min read
Obstacles to Avoid When Starting a Business as an Employed
Listen to this episode: play the audio Being a physician entrepreneur is one thing. Being a physician entrepreneur while being full-time employed at a hospital or clinic is another! At the last BootcampMD workshop, one of the attendees posed a question that prevented her from launching her business. We tackle that subject as well as time-management strategies that have worked for me and my students. LINK DISCUSSED:

Dr. Mike Woo-Ming
3 hours ago1 min read
Your Physician Income Diversification Plan for 2020 and Beyond
Listen to this episode: play the audio Today's medicine is changing. I discuss how the "Gig Economy" is having a tremendous impact on all industries, and medicine is not immune. The days of working for one place for 30+ years is over, and we have already seen how more doctors are fleeing to locum tenens and telemedicine opportunities, But it doesn't have to end there. I discuss the 3 types of income every physician should have, that can lead to greater fulfillment, enjoyment,

Dr. Mike Woo-Ming
3 hours ago1 min read
Client-Catching Strategies for Your Physician Consultant
Listen to this episode: play the audio We've discussed how becoming a physician consultant is the ultimate side business. On this content-rich episode, we discuss techniques and strategies to draw potential clients to your business. We discuss how creating a lead magnet funnel is much more effective than a standard consultant website. Also we see what questions should be asked in an application that is paramount to determining your optimal client. A consulting business can be

Dr. Mike Woo-Ming
3 hours ago1 min read
Attaining "Set and Forget" Income While Leveraging Your
Listen to this episode: play the audio If you are familiar with the words "set it and forget it", you may not know it can be applied to streams of income. This can be done through online courses where you can use your expertise and life experiences in helping others and getting paid handsomely doing so. If you've ever said the same thing over and over again, that could be the foundation of your own course! On this episode, we discuss a tried-and-true method to nearly guarante

Dr. Mike Woo-Ming
3 hours ago1 min read
How This Doctor Became Financially Independent as a Resident
Listen to this episode: play the audio I've met and befriended a lot of doctors in this great country of ours, and those who have become financially free generally follow my rule that you need 3 sources of income. You must have an ACTIVE income (work part-time or less a week), PASSIVE (or nearly passive) income (401K, real estate, investments), and PASSION income (town your own business or be involved in ventures youi truly love). Dr. Christopher Loo is a surgeon but no longe

Dr. Mike Woo-Ming
3 hours ago1 min read
Essential Online Resources for the Physician Consultant
Listen to this episode: play the audio These days it's even easier to become a physician or medical consultant! As I've mentioned previously, I believe consulting is the ultimate side business for the busy health care professional who is looking to leverage their knowledge, and with free and low cost online tools that are out there you can take advantage to save more time and money. On this episode, I list some of my favorites. For the entire list of internet resources for th

Dr. Mike Woo-Ming
3 hours ago1 min read
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