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 working full-time, buying a business or digital asset is a great way to add an income stream or accelerate your transition from employee to owner. If you have a business already, buying a business a great way to skyrocket your growth.

LINKS MENTIONED

https://www.acquisitionsbook.com - Free Book for Our Listeners - Growth Through Acquisitions: The 7-Step Process for Growing 300% Faster than Your Competitors

https://www.bootcampmd.com/atlanta - Online Business Workshop for Smart Physicians - October 5-6, 2019

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, the premier event for physician entrepreneurs which will be happening at October 2019 in Atlanta.

For more details and registration go to:

https://www.bootcampmd.com/atlanta/

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 Entrepreneurs:

BootcampMD 2 Atlanta, GA

https://www.bootcampmd.com/atlanta

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 bigger than yourself that scares you to death? If you are at a similar crossroads, this episode may be what you need to listen to right now.

LINKS MENTIONED:

Freedompreneurmd.com

Are you living in a life of abundance or scarcity? It may seem farfetched or unbelievable, but today's physicians have more financial opportunity than once thought. Telemedicine, locum tenens, and nonclinical employment are just one of a myriad of job choices for doctors. And if you factor in entrepreneurship, with the ability to create your own product or become a coach or consultant, the opportunities widen even further. On this episode, I talk with Dr. Nana Korsah, a nephrologist who was at our wit's end, until she made an important decision for her and her family that led her to take the reins of her physician career. Learn more about multiple active and passive income streams for physicians.

MD Work Life Balance - Nana Korsah Coaching for Physicians

https://www.mdworklifebalance.com

Women Physicians for Multiple Streams of Income Facebook Group

https://www.facebook.com/groups/MultipleStreamsMD/

How to Start a Cash Based Telemedicine Practice

Telemedicine has been around for years, and there are many, many startup telemedicine companies looking to hire doctors who want to work from home. But what about starting your own telemedicine practice, or adding a telemedicine service to your existing cash-based practice? We discuss where telemedicine is today, both pros and cons, and steps on how to get started on this information rich-episode. This is required listening for those entrepreneurial healthcare professionals among us!

Selected links mentioned on this episode:

https://bootstrapmd.com/go/telemedicinejobs/ - List of telemedicine jobs

https://doxy.me - Low cost telemedicine video platform

https://chironhealth.com - telemedicine video platform for clinics

https://luminello.com- EMR Platform for mental health providers

https://onetouchemr.com - All-in-one EMR platform

There are many physicians who want to start an online business, but most are not successful. What are the keys to success to have a thriving internet business? Here to discuss is entrepreneur and anesthesiologist Dr. Marjorie Stiegler who started a successful retail online venture and now teaches other clinicians how to develop profitable businesses. Find out more on this must-listen podcast!

Links mentioned on the podcast:

Online Course Rx - How to Create Online Courses https://bootstrapmd.com/go/onlineRX

Speaking RX - How to Become a Paid Speaker https://bootstrapmd.com/go/speakingRX

Running my own practice for 7+ years, I know first hand how difficult It can be to juggle the demands of being the physician as well as the business owner. Its no wonder most practices never reach their financial potential. Here to help us out, is my friend and business mentor Bob Mangat. Bob runs seven and eight figure clinics with doctors helping them generate multiple streams of income to create multi-million dollar businesses through the power of automation and optimizing the patient journey. This is an episode you won't want to miss!

As an added bonus, I'm working with Bob's team to help my listeners get their own customized business blueprint.

For more details go to: https://www.paradisepractice.com/profit

I've worked with many entrepreneurs, especially with doctors, over the last 10+ years as a business consultant, and what I've noticed, whether it's from our upbringing, our training, or who knows what, it seems there are some physicians who are just not cut out to be entrepreneurs. And it is not their fault! On this episode, we discuss 5 ways we see physicians may be sabotaging our entrepreneurial dreams, whether for better or worse.

I get a lot of questions from physicians who want to start their own blog for the purposes of developing a side income. In my experience in internet marketing since 2003, starting a blog can be time consuming. In this episode, I suggest a better way of making money online.