74 episodes

BootstrapMD -A podcast for doctors and physician entrepreneurs who want to learn to increase their financial worth and bring balance to your work life. We discuss building side businesses, investment opportunities, and how to live life on your own terms. Forge your own path, by leveraging your current knowledge to educate others.

BootstrapMD - Physician Entrepreneurs Podcast Mike Woo-Ming, MD MPH Physician-Entepreneur

    • Medicine
    • 4.5, 13 Ratings

BootstrapMD -A podcast for doctors and physician entrepreneurs who want to learn to increase their financial worth and bring balance to your work life. We discuss building side businesses, investment opportunities, and how to live life on your own terms. Forge your own path, by leveraging your current knowledge to educate others.

    77: You May Have Bought Something From This Doctor and Not Known It! An Interview with Amir Baluch, MD

    77: You May Have Bought Something From This Doctor and Not Known It! An Interview with Amir Baluch, MD

    Online shopping is booming but for those who want to strike it rich in e-commerce, there are big, big challenges to overcome.  Not so for Dr. Amir Baluch, an anesthesiologist, serial entrepreneur, investor, and author of “Make it, Keep It: New Wealth Preservation Rules for Doctors”. 
    Dr. Baluch is truly an example where persistence paid off.  From failing to get into medical school the first time, to an electronics payment business that also failed, he was determined to not let that set him back.  After successfully getting into medical school, he realized if he wanted to attain financial freedom it could not be from one income.  So he invested in himself, learning about wealth preservation, developing sustainable revenue streams through the stock market, real estate, and creating a biotech fund.
    Not one to rest on his laurels, he set his sites on Amazon.  Using his own proprietary software, he analyzed the metrics of successful Amazon Stores. He saw what worked and what didn’t.   He then applied it to his own stores, now reaping the products of  thousands of products every single day. And just recently, he has been sharing his strategy with his fellow doctors, on developing 6 an 7 figure online stores through his company Global E-Commerce Consultants.  This is one of my most longer interviews but nuggets of info you won't want to missed.  But if you're pressed for time you may want to skip ahead and get right to the e-commerce part, go to around the minute mark.  You will not be disappointed!
    LINKS MENTIONED:
    GlobalECommerceConsultants.com - Set up a Free Session with Amir about owning your own Amazon Store.  Mention BOOTSTRAPMD to qualify for a special deal. (Wait list will be offered if full)
    https://www.amazon.com/Make-Keep-Wealth-Preservation-Doctors-ebook/dp/B01GEIDQFM/ - Make It, Keep It: The New Rules of Wealth Preservation for Doctors - Amir Baluch, MD

    • 1 hr 5 min
    76: Five Areas to Automate Your Online Business

    76: Five Areas to Automate Your Online Business

    As a physician entrepreneur, it can be frustrating to see the apparent slow adoption to technology in medicine.  But it doesn’t have to be that way when it comes to your online business!
    On this episode, we’ll discuss five areas that we have incorporated free or low cost methods to streamline our processes, saving time and money, and avoid you to becoming  the “rate limiting” step in your business.   What are ways you have incorporated automation in your business or life?  Feel free to reach out and let me know!
    LINKS MENTIONED:
    ZenDesk - https://www.zendesk.com
    AgoraPulse- https://www.agorapulse.com
    Loom - https://www.loom.com
    Clickfunnels (Help Support the Podcast and Get a 14 day Free Trial) - https://bootstrapmd.com/go/cf (affiliate link)
    Zapier - https://www.zapier.com
     
    Claim Your Copy of My Book for Free  - “The Positioned Physician”
    https://www.positionedphysician.com/freebook

    • 25 min
    75: Wealth Building 101 for Physicians

    75: Wealth Building 101 for Physicians

    A high salary does not often correlate to high net worth.
    Although most doctors can generate an upper income wage, why does it seem a lot of physicians struggle when it comes to finance? 
    I posed these questions and more to Ben Lonsdale and Rod Zabriskie, part of the wealth strategic team known as Money Insights.  Since they primarily work with health care professionals, they shared their experience working with doctors, and identified common mistakes and misconceptions.  

    They also shared the same strategies the rich have been using for generations, to preserve wealth, minimize taxes, and diversify through sound stable investments.
    After my interview, I’m a firm believer any doctor can retire comfortably, even if you are first starting out , with lots of debt, and few assets.  Whether you are starting a business, saving money for college, or planning  early retirement,  It all comes down to placing a priority in your financial education. What's your next move?
    More Assets = More Multiple Streams of Income = More Financial Stability
    LINK MENTIONED:
    Get their Wealth Optimizer White Paper and/or to schedule a free consultation at:
    http://moneyinsights.net/bootstrapmd/
    ==============================
    GET MY FREE GIFT: Can I send you a free copy of my new book “The Positioned Physician”?  ($19.95 Value)  It details how to structure your medical career and avoid trading time for dollars - and It’s my gift to you (just cover a small shipping fee).
     https://www.positionedphysician.com/freebook/ 

    • 38 min
    74: Secrets of an Internet Information Broker

    74: Secrets of an Internet Information Broker

    I’ve preached constantly about the power of an information-based business as the first side business to start as a physician, especially if you have no experience.  Leverage your knowledge and get paid what you’re worth in the form of ebooks, online courses, and even 1-on-1 consulting.  Most know these as information products.
    But you may not be familiar what I deem information services.  This is when you hire people to share their knowledge with others and charge a price.  That was the basis of one of my first online businesses- An “Ask the Doctor” paid Q&A site!  I’ll share what  happened, how much it made, and why it had the best return on investment in terms of how much time I was spending on it. 
    It utilizes what I call information brokering, and is the basis of many 6,7, and 8 figure businesses today.  This is stuff I have rarely shared publicly.  Don’t skip this one!
    GET MY FREE GIFT: Can I send you a free copy of my new book “The Positioned Physician”?  ($19.95 Value)  It details how to structure your medical career and avoid trading time for dollars - and It’s my gift to you (just cover a small shipping fee).
    https://www.positionedphysician.com/freebook/ 

    • 21 min
    73: 10 Important Lessons I’ve Learned in My Nearly 25 Years of Being an Online Entrepreneur

    73: 10 Important Lessons I’ve Learned in My Nearly 25 Years of Being an Online Entrepreneur

    I’ve had a lot of businesses (and many many ideas)  over the span of two decades of selling both online and offline products and services.  There was the med spa on an uninhabited island off the coast of Belize.  There was the paid medical advice site hoping to get acquired by the WebMDs of the world.  You know about the multiple clinics I currently oversee. 
    I’ve had spectacular successes and embarrassing failures.  But through every high and low, there is always something to learn.  Today I’ll share with you ten important lessons that you should keep in mind before starting that next venture.
    BootstrapMD - Career Consulting for Physician Entrepreneurs
    https://bootstrapmd.com
    GET MY FREE GIFT: Can I send you a free copy of my new book “The Positioned Physician”?  ($19.95 Value)  It details how to structure your medical career and avoid trading time for dollars - and It’s my gift to you (just cover a small shipping fee).
    https://www.positionedphysician.com/freebook/ 

    • 33 min
    72: Finding Your Voice Through Podcasting with Andrew Tisser, DO

    72: Finding Your Voice Through Podcasting with Andrew Tisser, DO

    A special treat for me on this episode as I get to interview one of my former students! 

    If you’re like me, and not a prolific writer, but have something to say, creating Youtube videos or your own podcast may be a legitimate outlet.  That’s what Dr. Andrew Tisser discovered.  A busy ER doc and relatively fresh out of residency, Andrew knew he wanted to help his fellow early career physicians but just didn’t have the time or inclination to start his own blog.

    With podcasting, he is now able to reach thousands of doctors and it hasn’t stopped there.  He’ll also discuss what he learned through my entrepreneur mentorship program, and the exciting opportunities that now await him.
    LINKS MENTIONED:
    Andrew Tisser DO’s website -https://andrewtisserdo.com
    Podblade - Help automate your podcast -
    https://andrewtisserdo.com/podblade
    Facebook Group for Early Career Doctors -
    https://www.facebook.com/groups/earlycareerdocs
    BootstrapMD - Mentoring Programs for Physician Entrepreneurs
    https://bootstrapmd.com

    • 34 min

Customer Reviews

4.5 out of 5
13 Ratings

13 Ratings

Grusha - ElitePodcastBookings ,

Great Venue for Physician Entrepreneurs!

Must-listen podcast for physician entrepreneurs to gain financial freedom and work-life balance. Keep up the good work Dr Woo-Ming!

Bramble Bee Farm ,

Empowering

Listening to this podcast is giving physicians the ok to think outside the box. We have been taught that the path to being in medicine is very narrow, but your show empowers us to follow our own path to happiness. Showing us how we can be better physicians by exploring all of our talents. Thank you!

alexander8989 ,

Enjoyed

I enjoyed the episode on online businesses. Hope to listen on more topics like that. - ML MD

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