35 min
Dr. Brent Lacey- The Scope of Practice- Creating Clinical Leaders Doctor Entrepreneur Podcast
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- Life Sciences
ABOUT:
Dr. Brent Lacey is a gastroenterologist and the owner of “The Scope of Practice” website. He initially started blogging and building an online presence. This led to being a guest on podcasts and realized he loved it, so he started his own.
He has a passion for helping people with personal finances. Doctors and high earning professionals are not immune to doing stupid things with money, they just do it with more zeros. Personal finance is mostly behavior, so this group can be more susceptible to poor choices. Delaying gratification, prioritizing paying off debt, and making a budget are universal concepts no matter how much you make.
Look for little things that you can appreciate in your life rather than the big dollar expenses. When you get a raise, enjoy 10% of it to upgrade your lifestyle, but leave the rest for growth.
As business owners, we have a duty to learn business before we open our practices. You have people that will depend on you. If you don’t have courses that are part of your schooling, learn on your own. One leadership book a quarter, podcasting, or mentorship opportunities can fill the gap. Check out the link for his top 35 business and leadership books in the links at the bottom.
THE ENTREPRENEUR BIG 3:
What is your productivity tip?
Batching like tasks together can make you much more productive. Grouping all writing, emails, phone calls, etc. together and setting a designated time to accomplish them keeps you from wasting time jumping from task to task.
Share a tool that has helped you as an Entrepreneur.
The app “Things” is a fantastic to-do list that helps him not forget tasks. There are tasks with subtasks and checklists to break it down. He also likes the “Someday” tab to help think of ideas he’d like to visit in the future.
What is your favorite business book?
His favorite book is “Good to Great” by Jim Collins. He did a five-year study of companies that were good and those that truly excelled and compared companies in the same or similar industries. By comparing them, we can see what strategies by design allowed them to go from good to great.
LEARNING FROM THE PAST:
What’s a mistake that you made that you learned a good lesson?
Believing that where I went to school was overly important. After applying to the schools I wanted, it came down to money, and I found myself at my backup school. What I learned from that is that the school has very little to do with my education and has much more to do with me and how I use the opportunity. That was very freeing because when he went on to med school and residency he struggled with that bit and learned that he still got a phenomenal education. Thinking that you need to be at a certain place may cause you to miss out on what is right for you.
What advice would you give to your younger self?
I would tell myself as a junior in high school to stop thinking about the next thing, or the next achievement and start looking at the bigger picture. Were you good to the people around you? Were you a good father, husband, friend, person? Do you have high moral character? Would you want to be your friend? In the grand scheme, everything else just doesn’t matter much.
Links:
Website: https://www.thescopeofpractice.com/
His weekly podcast is called “The Scope of Practice” : https://www.thescopeofpractice.com/the-scope-of-practice-podcast/
35 favorite books: www.thescopeofpractice.com/readinglist
ABOUT:
Dr. Brent Lacey is a gastroenterologist and the owner of “The Scope of Practice” website. He initially started blogging and building an online presence. This led to being a guest on podcasts and realized he loved it, so he started his own.
He has a passion for helping people with personal finances. Doctors and high earning professionals are not immune to doing stupid things with money, they just do it with more zeros. Personal finance is mostly behavior, so this group can be more susceptible to poor choices. Delaying gratification, prioritizing paying off debt, and making a budget are universal concepts no matter how much you make.
Look for little things that you can appreciate in your life rather than the big dollar expenses. When you get a raise, enjoy 10% of it to upgrade your lifestyle, but leave the rest for growth.
As business owners, we have a duty to learn business before we open our practices. You have people that will depend on you. If you don’t have courses that are part of your schooling, learn on your own. One leadership book a quarter, podcasting, or mentorship opportunities can fill the gap. Check out the link for his top 35 business and leadership books in the links at the bottom.
THE ENTREPRENEUR BIG 3:
What is your productivity tip?
Batching like tasks together can make you much more productive. Grouping all writing, emails, phone calls, etc. together and setting a designated time to accomplish them keeps you from wasting time jumping from task to task.
Share a tool that has helped you as an Entrepreneur.
The app “Things” is a fantastic to-do list that helps him not forget tasks. There are tasks with subtasks and checklists to break it down. He also likes the “Someday” tab to help think of ideas he’d like to visit in the future.
What is your favorite business book?
His favorite book is “Good to Great” by Jim Collins. He did a five-year study of companies that were good and those that truly excelled and compared companies in the same or similar industries. By comparing them, we can see what strategies by design allowed them to go from good to great.
LEARNING FROM THE PAST:
What’s a mistake that you made that you learned a good lesson?
Believing that where I went to school was overly important. After applying to the schools I wanted, it came down to money, and I found myself at my backup school. What I learned from that is that the school has very little to do with my education and has much more to do with me and how I use the opportunity. That was very freeing because when he went on to med school and residency he struggled with that bit and learned that he still got a phenomenal education. Thinking that you need to be at a certain place may cause you to miss out on what is right for you.
What advice would you give to your younger self?
I would tell myself as a junior in high school to stop thinking about the next thing, or the next achievement and start looking at the bigger picture. Were you good to the people around you? Were you a good father, husband, friend, person? Do you have high moral character? Would you want to be your friend? In the grand scheme, everything else just doesn’t matter much.
Links:
Website: https://www.thescopeofpractice.com/
His weekly podcast is called “The Scope of Practice” : https://www.thescopeofpractice.com/the-scope-of-practice-podcast/
35 favorite books: www.thescopeofpractice.com/readinglist
35 min