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Assembling a Loyal Virtual Team for Your Business with Errin
Listen to this episode: play the audio "It's hard to get good help!" Not exactly true. Just like any skill, managing a team to strategically growing your business is something that can be learned. Here to help us out is physician coach extraordinaire Dr. Errin Weisman. You'll learn how this burnout coach was nearly burnt out herself when managing her business. She shares how she overcame her struggles managing a team to finally achieve her success. LINKS MENTIONED: Physician

Dr. Mike Woo-Ming
8 hours ago1 min read
Seven Essential Steps to Supercharge Your Local Doctor
Listen to this episode: play the audio Visibility and reputation are two vital components to any business. On this episode, I discuss seven things you must do when launching a medical practice, or any type of local service-based business. Having worked with hundreds of practices, I've picked up a few things that you definitely want to make sure you do, to start off on the right foot. If you don't do it, your competition will! If you aspire to own your own local business or fr

Dr. Mike Woo-Ming
8 hours ago1 min read
Make Money Developing Your Own Phone App with Daniel
Listen to this episode: play the audio We've covered all types of businesses on the BootstrapMD podcast, but one of the areas that we have not covered that has had a tremendous amount of interest is developing successful phone apps. This internist reached out to me over six months ago, and I'm so glad we are finally able to bring him on the show! Dr. Daniel Erichsen is a sleep specialist and the founder of BedTyme, an app to help people overcome insomnia through better sleep

Dr. Mike Woo-Ming
8 hours ago1 min read
The Only Physician Side Gig You Should Pursue
Listen to this episode: play the audio Physician side hustles and side gigs are all the rage! However, many do not understand on why these type of gigs are often not ideal for entrepreneurial doctors. We cut to the chase in this episode to see why only securing side gigs that will reward you after you leave, are the best ones to have when seeking work-life balance and becoming your own boss. ____

Dr. Mike Woo-Ming
8 hours ago1 min read
Boost Your Online Sales with These 4 Low Risk, High Reward
Listen to this episode: play the audio Ready to launch your online business? Or maybe you have an existing business and sales have gotten stagnant? Over the years, in our experience, we have done incredibly well by following the sales paths of other successful businesses. Most of the times you don't need to reinvent the wheel. On this episode, I want to share with you four type of proven sales models (with real examples) that will help you overcome the barriers of entry even

Dr. Mike Woo-Ming
8 hours ago1 min read
Tax Strategies for Physician Side Hustles
Listen to this episode: play the audio I know what you want to do….you read the title and it said "taxes" - sounds boring! But don't skip this episode! I thought the same thing 15 years ago, but now having paid my fair share of taxes along the way, I regretted not setting up my retirement accounts the right way from the get go. It's not only important to not only generate money with your side business, but keep it too! On this episode, we discuss simple ways of structuring th

Dr. Mike Woo-Ming
8 hours ago1 min read
Syndication: Is this the Best Passive Real Estate Investment
Listen to this episode: play the audio If you're new to real estate syndication, you may be surprised it's been around for decades. Simply put, this was crowdfunding, before the term came in vogue! Essentially real estate syndication is where like-minded investors can pool their capital together to jointly invest in real estate opportunities. One of the earliest and most famous examples of real estate syndication came in 1961, when 3300 investors bought individual parts of th

Dr. Mike Woo-Ming
8 hours ago1 min read
5 Reasons Why Your Physician Coaching Business May Be Doomed
Listen to this episode: play the audio There's been an influx of physician coaches and consultants in the last year and it has been amazing to see! I've always preached that sharing your expertise is the ultimate side business. However, many doctors still lack the marketing knowledge needed to make it a strong and sustainable business. But don't give up! On this episode, I go over five reasons which may be impacting your ability to attract clients, with suggestions of turning

Dr. Mike Woo-Ming
8 hours ago1 min read
Developing Your Physician Legacy Mindset with Hala Sabry, DO
Listen to this episode: play the audio Leaving a legacy. So what exactly does that mean? And why are some physicians able to make it their life's mission, and many never consider it? Here to help us is Dr. Hala Sabry, best known as the founder of one of the largest and most influential social media groups of physicians in the world. Now Hala has done many, many interviews, but I specifically wanted to focus on her as an entrepreneur (which she never thought herself as one) an

Dr. Mike Woo-Ming
8 hours ago1 min read
Taking Physician Real Estate Investing to the Next Level with
Listen to this episode: play the audio Meet Dr. Kirsten Limmer, a board-certified pediatrician, PhD in molecular biology, and also an incredibly savvy real estate investor. She learned that she could save lots of time and money, by designating herself as a Real Estate Professional. Most doctors are attracted to real estate investing because they hear about the potential tax deductions they can receive. However if you do not have Real Estate Professional Status, any losses tha

Dr. Mike Woo-Ming
8 hours ago1 min read
Leveraging Your Physician Experience into Coaching Programs
Listen to this episode: play the audio More physicians are finally seeing the light! They've learned they can add extra income by leveraging their knowledge in the form of products and coaching programs. But it's not enough. There's still more room for physician experts! Here are 3 strategies that as a consultant it took me a long time.to learn, that will help take that free advice that you often give out, and finally monetize that knowledge and turn it into a successful and

Dr. Mike Woo-Ming
8 hours ago1 min read
How This Doctor Used Medical Skills to Develop His Own
Listen to this episode: play the audio Obviously, I'm a big proponent of physicians supporting other physician-owned businesses, especially when it comes to education-based companies. Usually because they often develop the business simply for the love of teaching others, rather than just another profit vehicle. I once had the opportunity to witness my guest, Dr. David Yeh, speak for nearly 2 hours at a breakout session patiently answering questions from young physicians, on i

Dr. Mike Woo-Ming
8 hours ago1 min read
Get Your Physician Coaching Business in Front of Thousands…
Listen to this episode: play the audio Leveraging your expertise is one of the best types of online business out there. The advantages are numerous, including no overhead, time convenience, not having to buy products wholesale, etc. — rather you are simply monetizing your knowledge to help others. We believe we have a solution to help coaches better market their practice. This week we launched Physician Coaches, a new directory platform, to help physician educators spotlight

Dr. Mike Woo-Ming
8 hours ago1 min read
Add Recurring Revenue With Your Own Membership Site with Stu
Listen to this episode: play the audio Sounds like a dream, right? Getting people to pay for your content every single month can become a reality through membership sites. In fact, the principles can be applied to both online and conventional businesses. Here with a deeper dive on how to do it , is my long-time friend Stu McLaren, who has taught thousands of entrepreneurs for over a decade how they can transfer their existing knowledge into sustainable recurring income. On th

Dr. Mike Woo-Ming
8 hours ago1 min read
The Art of the Product Launch with Jeff Walker
Listen to this episode: play the audio With the release of my new website business PhysicianCoaches.com, it had been some time since I had done a public product launch on the internet , and so I felt I needed a refresher. It made me review some of my notes from one of my mentors early on in my online marketing education, Jeff Walker. He is the creator of the Product Launch Formula and author of the New York Times #1 Best Seller "Launch: An Internet Millionaire's Secret Formul

Dr. Mike Woo-Ming
8 hours ago1 min read
Seven Key Elements to Ensuring a Successful Product Launch
Listen to this episode: play the audio As promised in Episode 116, I wanted to share with you my experience from the launching of PhysicianCoaches.com, a directory to help doctors find mentors, coaches, and consultants. You'll discover how I came up with the idea, why I decided to use affiliates, and an inside look of how our team best prepared before, during, and after the launch itself. You'll also learn what I would do different again if I could! Gain some insight on 7 thi

Dr. Mike Woo-Ming
8 hours ago1 min read
The Fastest Way to Ensure Your Physician Business Success?
Listen to this episode: play the audio In my 25 years of being a physician entrepreneur, I can't think of a better catalyst for your business than joining a mastermind group. I've joined some pretty expensive masterminds, and launched a few masterminds of my own: for doctors, internet entrepreneurs, and local businesses. Today I'll share with you what exactly lis a mastermind group, how to select the best mastermind for you, and questions to ask before you join one. I think t

Dr. Mike Woo-Ming
8 hours ago1 min read
Six Simple Steps to Building the Perfect Landing Page
Listen to this episode: play the audio In my humble opinion, a well thought out landing page is more important than developing a website. Landing pages are standalone pages that serves one purpose: conversion. Examples include signing up for a webinar, a free trial for your software program, or download an eBook. There is an art to creating the perfect landing page, and on this episode, I'll go over six simple steps that will help you convert more visitors into subscribers. L

Dr. Mike Woo-Ming
8 hours ago1 min read
How to Become a Physician Coach - Step by Step!
Listen to this episode: play the audio With the launch of our directory PhysicianCoaches.com, I've gotten a lot of requests on how to get started to become a physician coach. On this episode, I've broken down the process into 10 easy to understand steps. I also address commonly asked questions about physician coaching in general, including how much they get paid, whether the market is saturated (Spoiler alert: it's not!), and how to determine the best coaching niche for you.

Dr. Mike Woo-Ming
8 hours ago1 min read
The Balancing Act Between Physician and Entrepreneur
Listen to this episode: play the audio You want to grow your business, while still maintaining your duties as a physician. Sooner or later, something is going to give. That was the dilemma one of my students was facing. It's something I've dealt with a lot in my career and I'm sure one time or another you've dealt with the same problem. This juggling act isn't easy. On this episode, I provide some solutions that might make it a little bit easier for the new physician entrepre

Dr. Mike Woo-Ming
8 hours ago1 min read
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