BootstrapMD - Physician Entrepreneurs Podcast with Dr. Mike Woo-Ming

This episode is sponsored by: Set For Life  Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife  _____________ Many physicians are looking for ways to achieve financial freedom beyond the traditional medical career path. In this episode, Dr. Mike Woo-Ming breaks down the seven essential wealth-building habits that have allowed him and other physicians to build successful businesses, diversify income, and gain control over their time.  Dr. Mike shares his journey—leaving corporate medicine at 34, building and selling businesses, and ultimately creating a life where he works on his own terms. He also discusses the common mistakes physicians make with money and how to develop a wealth-building mindset.    Three Actionable Takeaways:   Live Below Your Means: Avoid unnecessary spending and prioritize investing in income-generating assets.   Invest in Yourself: Continuously improving your skills, whether through education, mentorship, or networking, will lead to greater financial opportunities.   Focus on Revenue-Generating Assets: Instead of chasing multiple income streams simultaneously, concentrate on building one successful income stream before diversifying.  Let's Connect  Start Building Your Business(es) Today. Learn more here:  https://www.bootstrapmd.com/courses   Learn more at: www.bootstrapmd.com    Want to start your own podcast? Check out Doctor Podcast Network!  https://www.doctorpodcastnetwork.co/join 

Have you heard of the phrase “House Hacking”?  It’s essentially where you purchase a property and live in it while renting out the other rooms. This can be done with a single family home, or an apartment complex. It’s also a great way to get started investing into real estate without spending (and saving) a lot of money!  Today’s guest is Dr. Ayush Gupta, a pediatric ER physician and is the founder and CEO of MD House Hacking, who helps medical professionals reach financial freedom through house hacking and real estate investing., Fresh out of his medical fellowship, Ayush wanted to get into real estate but didn’t have a lot of money.  You’ll learn how house hacking was a perfect solution for him, and why he believes most doctors should consider it.  He has now taken that money and invested more properties, and now teaches others how to do the same.  If you think you need a lot of money to get into real estate, you’ll think again after this very lively interview! MD House Hacking - Financial Freedom for Medical Professionals https://mdhousehacking.com/   ===== PhysicianCoaches.com The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors https://www.PhysicianCoaches.com ————— This Amazon Best Seller is Now on Audible!  The Positioned Physician:  Earn More, Work Smart, and Love Medicine Again, 2nd Edition: Updated with over 50 pages of new content including  new chapters on goal setting, mindset, and sales strategies for a successful online business! https://www.amazon.com/Positioned-Physician-Updated-Smart-Medicine/dp/B08QFBMWCY FREE Masterclass: How to Become a High Paid, In Demand Physician Coach or Consultant  https://www.positionedphysician.com/f/highly-paid-masterclass

This episode is sponsored by Lightstone DIRECT. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital – Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You're an institution. Time to invest like one. _____________   This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit http://ryzehealth.com/BootstrapMD today and see how simple running your practice can be. ______________    It's November 2025; why wait for January resolutions that fizzle?  Recorded just before Thanksgiving 2025, Dr. Mike Woo-Ming urges physicians to ditch January goal-setting chaos and start now for a powerhouse 2026. Drawing from his experience building multiple seven-figure businesses, he explains why early planning reduces pressure, leverages seasonal lulls, and builds unstoppable momentum. Review 2025 like a patient chart: symptoms (what drained you?), labs (numbers and ROI), diagnosis (patterns to fix), prognosis (where you're headed if nothing changes). Define 2-3 vital outcomes: specific, measurable, emotionally charged. Use the next six weeks for a jumpstart: fix bottlenecks, map content, or validate offers. Subtract energy-drainers like low-margin services or endless courses. Build a support system: accountability partners, mentors, or masterminds. End with a "simple wins" plan—3-5 consistent actions for January. Whether scaling a business or starting one, this episode delivers actionable steps to treat your career like "You Inc." Plus, get the scoop on Dr. Pod Fest 2026—a capped, high-value event for physician creators. Stop reacting; start dominating your year early. 🔗 Dr. Pod Fest 2026: https://doctorpodfest.com    Three Actionable Takeaways: Conduct a 2025 Year-End Self-Review: Treat it like a patient chart—note symptoms (drains/energy leaks), labs (revenue, ROI, time blocks), diagnosis (patterns to retire/scale), and prognosis (2026 trajectory if unchanged). This clarity helps business owners refine offers and aspiring entrepreneurs pinpoint niches for a strong start. Launch a 6-Week Pre-2026 Jumpstart: Fix one bottleneck, map 90 days of content, update an offer, or build a lead magnet. For new entrepreneurs: pick a niche, create a landing page, choose one content channel, and have 5 real conversations. Lay the runway now for January takeoff. Subtract Drainers & Build Support: Ditch low-profit services, unused marketing channels, perfectionism, or course-hoarding. Create space for wins by subtracting what doesn't serve. Then scaffold success: find an accountability partner, hire a mentor, join a mastermind, set up minimal tech (AI, email, scheduler), and track one weekly metric like leads or revenue.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com     About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!    

This episode is sponsored by Lightstone DIRECT. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital – Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You're an institution. Time to invest like one. _____________   This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit http://ryzehealth.com/BootstrapMD today and see how simple running your practice can be. ______________ In this episode of BootstrapMD, Dr. Mike Woo-Ming opens up about the breaking point that forced him to ask for help. Bad location, useless equipment, $5,000 Valpak disasters, and exactly one patient looking for free advice  until one desperate phone call to a mentor turned everything around. From avoiding the crushing "stupid tax" and compressing years into months, to getting ruthless accountability, emotional support through the lows, real-world playbooks no CME ever teaches, instant network expansion, burnout prevention, borrowed confidence, and staying ethical while scaling — Mike proves mentorship isn't optional for physician entrepreneurs. It's the difference between surviving and thriving. If you've ever thought "I'm a doctor I should be able to figure this out alone," this episode is your wake-up call.   Three Actionable Takeaways: Stop paying the "stupid tax" on your own: Find a mentor who has already lost the money and time on the exact mistakes you're about to make — wrong EMRs, useless marketing agencies, bad locations and shortcut years of expensive trial-and-error in a single conversation. Make a list today of three physicians who are 2–5 years ahead of where you want to be: Reach out and book a paid 60-minute consultation, never ask for free advice. Respect their time, get laser-focused answers, and start implementing immediately. Audit your business honestly: if you got hit by a bus tomorrow, would it survive without you? Build systems, hire replaceable team members, cut clinical hours, and create a practice that serves your life instead of chaining you to it — that's the real freedom entrepreneurship promises.  About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com     About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!    

This episode is sponsored by Lightstone DIRECT. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital – Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You're an institution. Time to invest like one. _____________  This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit http://ryzehealth.com/BootstrapMD today and see how simple running your practice can be. ______________ In this revealing episode, Dr. Mike Woo-Ming, dives into his experiences inside millionaire masterminds—exclusive groups of founders who share strategies, wins, and wisdom. From investing thousands of dollars to join these rooms to building lifelong connections, Mike explains why masterminds are one of the best professional investments he's ever made. He walks listeners through the traits that set successful entrepreneurs apart: they execute fast, think big, rebound from setbacks, manage their finances with precision, and network intentionally. Through personal stories and real-world examples, Mike shows how these same principles can help healthcare entrepreneurs expand their vision, accelerate growth, and avoid costly mistakes. If you've ever wondered whether joining a mastermind is worth it, this episode offers clear, actionable insight into how to make it work for you.   Three Actionable Takeaways: Speed Wins — Execute Fast and Refine Later: In the world of high-performing entrepreneurs, perfectionism is the enemy of progress. The most successful mastermind members Dr. Mike met don't wait for every variable to align — they take action, test quickly, and adjust based on results. Think Bigger — Start with a Niche, Then Scale Beyond It : The entrepreneurs dominating their industries didn't stay confined to narrow niches — they used them as launching pads. Many began by focusing on a small, well-defined audience (like women physicians or local clients), but once they gained traction, they expanded strategically into broader, more lucrative markets. Know Your Numbers — Financial Awareness Builds Freedom: Entrepreneurship without financial literacy is like driving blindfolded. The most successful business owners Dr. Mike has encountered track their profit and loss daily, scrutinize expenses, and question every dollar spent. They don't delegate financial awareness — they own it.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com     About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This episode is sponsored by Lightstone DIRECT. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital – Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You're an institution. Time to invest like one. _____________ This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit http://ryzehealth.com/BootstrapMD today and see how simple running your practice can be. ______________ How do you attract more patients—without spending a fortune on ads or hiring a marketing agency? In this episode of BootstrapMD, Dr. Mike Woo-Ming demystifies the concept of marketing funnels and reveals how any doctor can build a simple, trust-based system to bring in patients organically. Whether you're running a cash-based practice, launching a telemedicine brand, or just starting out, Dr. Woo-Ming shares a step-by-step process that turns awareness into engagement—and engagement into conversion. He begins by redefining the "funnel" not as a piece of software, but as a relationship journey—a path that guides potential patients from discovery to booking. Using his signature mix of practical teaching and relatable analogies, Dr. Woo-Ming explains how building an organic funnel is simply about building trust before the sale. He  listed seven-step framework for creating an organic funnel: Understand the Funnel Journey, Start with One Irresistible Offer, Create a Value Magnet (Not Just a Lead Magnet), Build the Trust Loop, Add a Clear Conversion Path, Promote Organically, Measure and Refine  Through these seven steps, physicians learn how to stop chasing patients and start creating systems that attract and nurture them naturally. Dr. Woo-Ming emphasizes that effective funnels don't rely on complicated tech—they rely on empathy, clarity, and consistent follow-up. He wraps up by reminding listeners that they don't need a big budget, marketing degree, or social media fame to grow. What they truly need is a repeatable system that builds trust and invites action—one small step at a time. Whether you're a physician tired of depending on word-of-mouth referrals or a healthcare entrepreneur ready to scale your practice, this episode gives you the tools, mindset, and motivation to start attracting more patients organically today. Three Actionable Takeaways: Simplify Your Offer: Focus on One Clear Transformation:One of the biggest mistakes physicians make in marketing is trying to promote every service at once—weight loss, hormone therapy, aesthetics, telemedicine, and more. But as Dr. Woo-Ming explains, "a confused mind never buys." When your messaging is scattered, your patients don't know what to focus on—and they leave before taking action.  Build Relationships Before Revenue: Trust Comes Before Transactions: Funnels aren't just about automation—they're about authentic connection. Patients today are looking for more than quick fixes; they want to know who you are, what you believe in, and whether they can trust you with their health. Track and Tweak Consistently: Measure What Matters: In marketing—and in medicine—what gets measured gets improved. Many physicians struggle with patient acquisition because they're guessing at what's working.    About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com     About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!

This episode is sponsored by Lightstone Direct LLC. Lightstone DIRECT invites you to partner with a $12B AUM real estate institution as you grow your portfolio. Access the same single-asset multifamily and industrial deals Lightstone pursues with its own capital – Lightstone co-invests a minimum of 20% in each deal alongside individual investors like you. You're an institution. Time to invest like one. _________ This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit RyzeHealth.com/BootstrapMD today and see how simple running your practice can be.  _______________ What does the next generation of physician entrepreneurship look like? In this episode, host Dr. Mike Woo-Ming, physician entrepreneur and founder of multiple medical ventures, explores five high-potential business models for doctors looking to innovate in medicine and build scalable, meaningful businesses. Drawing from conversations with physicians, conferences, and his own entrepreneurial experience, Dr. Woo-Ming introduces a practical roadmap—starting with accessible models that require minimal capital and progressing toward ambitious, tech-driven opportunities. These five emerging business models reshapes physician entrepreneurship They include; - Micro-Niche Cash Practice – Telemedicine Specialty Brand – Knowledge Commerce Practice – Licensing & Partnership Model – AI Healthcare Company  Through these progressive five-step journey, physicians gain a clear understanding of which model fits their current stage of career and risk tolerance—and how to start moving toward entrepreneurial independence today.   Three Actionable Takeaways:  Start Small, Think Big: Begin with a micro-niche cash practice or telemedicine brand before scaling to advanced ventures. Focus beats scale—define your patient, your problem, and your promise.  Build Leverage, Not Labor:  Shift from trading time for money to building scalable systems—digital products, licensed methods, and automated practices that create recurring revenue.  Choose Courage Over Comfort:  Entrepreneurship demands boldness. Whether launching a course or founding an AI startup, your medical expertise is your foundation—pair it with persistence and innovation.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com     About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This episode is sponsored by Lightstone Direct LLC. Lightstone Direct LLC connects you to institutional-quality real estate investments backed by a $12-billion AUM firm that co-invests alongside you—your partner in building lasting wealth. All investments involve risk.  Please visit LightstoneDirect.com for a full list of disclosures. _________ This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit RyzeHealth.com/BootstrapMD today and see how simple running your practice can be.  _______________     What if a single oversight could jeopardize your medical practice? In this vital episode of Bootstrap MD, Dr. Mike Woo-Ming dives into the rarely discussed topic of protection for physician entrepreneurs. Drawing from personal experiences, like NPI misuse and a costly ADA lawsuit, he covers safeguarding credentials, supervising mid-level providers, ensuring digital compliance, and structuring legal defenses. From quarterly NPI audits to HIPAA-compliant tools and crisis plans, Dr. Woo-Ming shares practical strategies to prevent regulatory traps and litigation—urging physicians to act before issues arise.  A must-listen for practice owners seeking to protect their name and legacy.   Three Actionable Takeaways: Guard Your NPI Like Your House Keys: Dr. Woo-Ming learned the hard way about NPI misuse leading to fraud allegations. Audit your NPI quarterly via the NPPES registry, check CMS PECOS for unauthorized enrollments, and set Google Alerts for your name + NPI to catch misuse early.  Supervise Mid-Levels Actively: Supervising NPs/PAs means legal accountability—Dr. Woo-Ming stresses customized agreements, documented chart reviews, and malpractice coverage for supervisory roles. Start by maintaining logs of reviews and communications to prove oversight, avoiding liability gaps.  Prioritize Digital Compliance: A five-figure ADA lawsuit over uncaptioned videos taught Dr. Woo-Ming to ensure website accessibility. Use tools like WAVE Accessibility Checker, add captions to all videos, and work with vendors for accessible patient portals to avoid litigation.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com   About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This episode is sponsored by Lightstone Direct LLC. Lightstone Direct LLC connects you to institutional-quality real estate investments backed by a $12-billion AUM firm that co-invests alongside you—your partner in building lasting wealth. All investments involve risk.  Please visit LightstoneDirect.com for a full list of disclosures. _________ This Episode is also sponsored by Ryze Health Every minute counts in medicine—so why waste it on clunky admin work? With Ryze Health, practice management becomes effortless. Our all-in-one platform streamlines scheduling, patient communications, and insurance verification, giving you fewer no-shows, faster check-ins, and happier patients. Free yourself from paperwork and phone tag so you can focus on what truly matters: providing care. Visit RyzeHealth.com/BootstrapMD today and see how simple running your practice can be. _________ How can doctors launch their first practice in 2025—without going into debt or depending on outside investors? Host Dr. Mike Woo-Ming, shares his five-step launch blueprint for building a lean, profitable clinic from scratch. He begins by debunking the myth that doctors need investors, massive loans, or fancy offices to succeed. Instead, he emphasizes focusing on action, simplicity, and profitability from day one. Step one: pick a profitable niche by identifying exactly who you want to serve and the urgent problem you can solve now. Step two: build your Minimal Viable Clinic (MVC) — a streamlined version of your practice that allows you to start seeing patients quickly using low-cost tools like telemedicine, subleasing spaces, and affordable EHR systems.  Dr. Woo-Ming explains how to craft an irresistible offer centered around transformation, not just services—helping patients achieve measurable outcomes in 90 days or less. He shares proven marketing insights inspired by Alex Hormozi and offers examples of "unicorn offer statements." Finally, he details how to attract your first patients, leverage partnerships, and systematize your operations through automation, virtual assistants, and tracking key business metrics. This episode is a must-listen for physicians seeking independence, sustainability, and control over their medical careers—without waiting for permission or capital. Three Actionable Takeaways:  Pick a Profitable Niche: Define exactly who you serve, what urgent problem you solve, and ensure you can deliver results profitably. Avoid broad audiences—clarity drives success.  Build Your Minimal Viable Clinic (MVC): Start lean using telemedicine, subleased spaces, and low-cost tech tools. Focus on momentum, not perfection—launch now, refine later. Automate and Scale Early: Use systems like EHR automation, virtual assistants, and follow-up sequences to streamline operations. Track metrics weekly to identify growth opportunities. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com   About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This Episode is sponsored by Ryze Health  Running your own practice shouldn't mean struggling with rising health insurance costs. That's why a physician designed Ryze Health Premium Insurance—exclusive coverage crafted for independent doctors, their teams, and families. Imagine lowering costs while gaining the freedom to focus fully on patients and the people who matter most. Discover how much you could save at ryzehealth.com and join the growing network of doctors choosing smarter coverage.  Follow @RyzeHealth on Instagram and LinkedIn. _________________    Can hiring a virtual assistant transform your entrepreneurial journey?  In this episode of Bootstrap MD, Dr. Mike Woo-Ming sits with Lesley Pyle, as she discusses her 30-year evolution in remote work, starting from 1996 as a freelancing mom. Drawing from her experiences in PR, motherhood, and building virtual networks, she explores barriers entrepreneurs face—time constraints, trust issues, and hiring fears—and how platforms like hers connect businesses with talented remote professionals. Lesley offers practical ways to outsource tasks, create SOPs, and build efficient teams, fostering growth through delegation and work-life balance.  Top 3 Takeaways:   Identify and Outsource Time -Draining Tasks: Track daily activities like email or scheduling, estimate hours spent (e.g., 10 hours/week), and hire a virtual assistant to handle these, freeing time for patient care or strategic growth. Leverage Trusted Platforms for Hiring: Use services like HireMyMom.com to find vetted professionals with skills in bookkeeping, social media, or project management; conduct interviews and trial periods to ensure alignment with your practice's needs. Prevent Burnout Through Delegation: Regularly assess where you're overextended, consult family or mentors for perspective, and outsource non-core tasks to maintain faith, family, and personal well-being alongside business success. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com  About the Guest:  Lesley Pyle is the founder and CEO of Hire My Mom, with a Master's in Public Relations and Marketing. Named one of 50 Women Entrepreneurs Who Inspire Us by Self-Made Magazine, she has 30 years of experience helping moms find remote work and small businesses hire virtual talent. Starting with Home-Based Working Moms in 1996, she empowers professionals to balance career and family through flexible opportunities.   Connect with Lesley Pyle:  Website: HireMyMom.com  LinkedIn: linkedin.com/in/lspencerpyle Instagram: https://www.instagram.com/lesleypyle    About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This Episode is sponsored by Ryze Health  Running your own practice shouldn't mean struggling with rising health insurance costs. That's why a physician designed Ryze Health Premium Insurance—exclusive coverage crafted for independent doctors, their teams, and families. Imagine lowering costs while gaining the freedom to focus fully on patients and the people who matter most. Discover how much you could save at ryzehealth.com and join the growing network of doctors choosing smarter coverage. Follow @RyzeHealth on Instagram and LinkedIn. __________ Why do physicians work 60-hour weeks yet feel unfulfilled?  In this episode of Bootstrap MD, Dr. Mike Woo-Ming shares a powerful lesson from PIMD Con 2025, where Dr. Peter Kim's rock jar demonstration—using rocks, pebbles, sand, and water—illustrated the cost of filling life with trivial tasks instead of meaningful priorities. Reflecting on his decision to prioritize school pickups for his son and a colleague's near-fatal health scare, Dr. Woo-Ming explores how urgency and metrics trap physicians in "sand." He offers a practical five-step "doctor's orders" plan to schedule big rocks, set boundaries, and reassess priorities, empowering physicians to combat burnout and design sustainable, joy-filled careers. Top 3 Takeaways: Big Rocks First: Schedule non-negotiable priorities like health, family time, and personal purpose before less critical tasks, ensuring they fit into your life's "jar." Sweep Out the Sand: Identify and eliminate time-wasters like excessive emailing, doom-scrolling, or unproductive meetings by setting boundaries and delegating tasks. Reassess and Reflect: Regularly evaluate your energy, mood, and relationships to ensure your "big rocks" remain protected as life's priorities evolve, preventing existential burnout. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com   About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network! Tags: Physician Burnout, Work-Life Balance, Physician Entrepreneurship, Prioritization, Sustainable Careers, Gratitude, Resilience, Personal Growth  

This Episode is sponsored by Ryze Health  Running your own practice shouldn't mean struggling with rising health insurance costs. That's why a physician designed Ryze Health Premium Insurance—exclusive coverage crafted for independent doctors, their teams, and families. Imagine lowering costs while gaining the freedom to focus fully on patients and the people who matter most. Discover how much you could save at ryzehealth.com and join the growing network of doctors choosing smarter coverage. Follow @RyzeHealth on Instagram and LinkedIn. __________________ How can physicians make the most of PIMD Con 2025 to transform their careers and achieve financial freedom?  In this episode of Bootstrap MD, Dr. Mike Woo-Ming, dives into practical strategies for attending PIMD Con, holding September 25–27, 2025, in Newport Beach, California. Founded by Dr. Peter Kim, this conference brings together 700+ physicians to explore real estate investing and entrepreneurship, offering CME credits, 30+ expert speakers, and tracks like Entrepreneurship Acceleration.  Mike shares tips on setting clear goals, researching speakers, effective networking, and avoiding common pitfalls like information overload or comparison traps. Whether you're a first-time attendee or a seasoned participant, this episode offers actionable advice to maximize your conference experience and build meaningful connections for long-term success. To register, visit: https://passiveincomemd.com/conferences/ Three Actionable Takeaways Set Clear, Specific Goals – Before attending PIMD Con, write down three specific objectives, such as learning rental property analysis or connecting with three key speakers. Review the conference website to align your goals with sessions and speakers to stay focused and intentional. Network Strategically with Value – Aim for 10–15 meaningful conversations with attendees and speakers. Ask unique questions like, "What brought you to PIMD Con?" or "What's your biggest business challenge?" and lead with value by sharing resources or connections without expecting immediate returns. Plan for Post-Conference Action – Block time after the conference to decompress and implement insights. Follow up with new contacts within 48 hours, using notes or photos to recall key details, and prioritize 1–2 focus areas to avoid overwhelm and maintain momentum. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com   About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

How can military-honed resilience and positive psychology supercharge physician leadership?  In this episode of Bootstrap MD, host Dr. Mike Woo-Ming interviews Dr. Christopher Colombo, as he shares his path from elementary school dreams of medicine to active-duty training, and his post-retirement "Lego break" before embracing part-time ICU night shifts and executive coaching. Inspired by a fellow physician's transition, he pursued training in executive and positive psychology coaching to address the personal-professional overlaps that frustrated him—like compartmentalizing life domains without recognizing the "you" as the common denominator.  The discussion dives into military lessons on resilience (e.g., Army-adopted programs from UPenn's Barbara Fredrickson), the pitfalls of large-organization training, and why authenticity matters in leadership. Dr. Colombo offers mindset shifts for new leaders: acknowledge emotions and relationships, control primitive responses via storytelling, and use techniques like drafting "flame emails" to yourself. He emphasizes building trust through personal "why" alignment and avoiding cognitive traps like "should" or "must." A vital listen for physicians eyeing leadership or coaching, blending clinical credibility with life-changing insights. Three Actionable Takeaways: Acknowledge Emotions in Leadership – Suppress less, embrace more: Build relationships by understanding your team's personal "why" and framing missions accordingly. Control reactions by pausing to re-story stimuli (e.g., "That driver isn't plotting against me") before responding. Draft 'Flame Emails' to Yourself – When rage hits from an email, reply to your own address, vent fully, then step away. Return calmer to craft (or delegate) a measured response—preventing regrettable sends and honing emotional regulation. Pursue Authentic Alignment – Identify your core values (e.g., excellence over winning) to bridge personal and professional life. Seek a "cognitive sparring" partner for breakthroughs, ensuring you're effective, not just right. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com  About the Guest: Dr. Christopher Colombo is a retired Army critical care physician with 24 years of service, including deployments, is co-founder and president of Functional Mentoring (functionalmentoring.com). A former department chief and program director, he blends executive and positive psychology coaching to mentor physicians, focusing on resilience, emotional control, and aligning personal-professional values.  Email: chris@functionalmentoring.com Website: https://functionalmentoring.com Book a free 45-minute cognitive sparring session via the website.  About the Host: Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

What does it take for a geriatrician to become a healthcare innovator impacting millions?  In this episode, Dr. Mike Woo-Ming sits down with Dr. Michael Fang to share his journey from practicing medicine to co-founding Base10, an infection control software that saved lives in 150 nursing homes during the COVID pandemic, generating over $35M before its acquisition. He also co-founded Inosphere, impacting 7M mental health patients in the UK, Ireland, and Scotland. Now, as Chief Strategy Officer at Northwestern's Feinberg School of Medicine and CEO of Rise Health, Dr. Fang is redefining health insurance for independent physicians and medical practices. He discusses leveraging physician skills for entrepreneurship, the unmet need for affordable health plans, and the power of community through WeCare IPA. This episode is packed with insights for physicians looking to break free from traditional practice and create scalable impact. Three Actionable Takeaways: Leverage Your Physician Skills for Entrepreneurship – Apply your ability to process information, communicate effectively, and make quick decisions to entrepreneurial ventures. Start small, using your clinical income to fund initial projects, and don't wait for an MBA to jump in. Explore Health Plan Solutions for Independence – If you're an independent physician or running a small practice, investigate Rise Health's health captive model to reduce insurance costs for you, your staff, and their families, removing barriers to starting your own practice. Join a Supportive Community – Engage with communities like WeCare IPA to access benefits like discounted specialty medications for your patients, even if you don't need Rise Health's insurance, to enhance your practice's efficiency and impact. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com  About the Guest Dr. Michael Fang is a geriatrician, internist, and serial entrepreneur with a passion for democratizing healthcare. As co-founder and CEO of Base10, he developed infection control software used by 150 nursing homes during the COVID pandemic, generating $35M in revenue before its acquisition. He co-founded Inosphere, addressing social determinants of health for 7M mental health patients in the UK, Ireland, and Scotland. Currently, Dr. Fang serves as Chief Strategy Officer at Northwestern's Feinberg School of Medicine Institute of AI in Medicine and leads Rise Health, a health plan for independent physicians. His expertise lies in healthcare innovation, informatics, and creating scalable solutions for systemic challenges. LinkedIn: linkedin.com/in/michael-fang-md-382b2341  Website: base10genetics.com About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

In this episode, host Dr. Mike Woo-Ming exposes the "great physician money lie"—that high income automatically leads to wealth—and shares transformative insights from the book "The Wealth Ladder." Drawing from his 20+ years as a physician entrepreneur, he explains why many doctors earning $300,000+ live paycheck to paycheck, trapped in lifestyle inflation and employee mindsets.  Dr. Woo-Ming breaks down the four levels of the wealth ladder, from financial insecurity to true freedom, and provides a simple formula to calculate your net worth. He emphasizes shifting from trading time for money to building income-producing assets, like businesses or investments, while avoiding common pitfalls like overspending. With practical advice on developing an owner mindset, pursuing financial education, and taking action—such as attending conferences like PID Con—this episode empowers physicians to reclaim control, reduce stress, and build lasting wealth beyond their salaries. Three Actionable Takeaways: Calculate Your True Net Worth: Subtract all liabilities (debts, loans) from assets (savings, investments, property) to determine your wealth level; aim to match your lifestyle to net worth, not income, to avoid financial stress. Shift to an Owner Mindset: Stop trading time for money by building skills for income-producing assets, like consulting, online courses, or cash-pay practices; focus on value creation untied to hours worked. Invest in Financial Education: Read books like "The Wealth Ladder," join physician groups on financial independence, attend conferences (e.g., PID Con), and learn from mentors to avoid common pitfalls and accelerate asset-building. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career.  Tune in weekly at  http://bootstrapmd.com    About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!

This episode is sponsored by: My Financial Coach You trained to save lives—who's helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it's crushing student loans, optimizing investments, or planning for retirement, you'll get a personalized strategy built around your goals. Save for a vacation home, fund your child's education, or prepare for life's surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit t https://myfinancialcoach.com/bootstrapmd/ to meet your financial coach and find out if concierge planning is right for you. ——————— In this episode of Bootstrap MD, host Dr. Mike Woo-Ming welcomes Andrew Newland, to share his entrepreneurial journey from landscaping to marketing, driven by personal health challenges that led him to focus exclusively on the functional medicine space. He breaks down key SEO pillars—technical, content, and local optimization—explaining how practices can rank higher on Google by creating valuable, patient-focused content like blog posts on symptoms and treatments. The discussion covers common pitfalls, the importance of community involvement beyond digital efforts, and adapting to AI's impact on search rankings. Andrew offers practical tips, including free website evaluations and his book on digital marketing for functional practices. This episode is essential for physician entrepreneurs seeking to grow their visibility, attract ideal patients, and achieve sustainable business success. Three Actionable Takeaways Optimize Your Website for SEO Basics – Ensure your site has fast loading times, mobile responsiveness, and HTTPS security; integrate keywords naturally into content like blog posts on common symptoms (e.g., fatigue, hormone imbalance) to improve Google rankings without over-optimizing. Create High-Quality, Patient-Focused Content – Write or outsource educational articles and videos addressing patient pain points, such as "What causes chronic fatigue?" or location-specific issues like altitude sickness in Colorado, to build trust and drive organic traffic. Get Involved in Your Community – Beyond digital marketing, sponsor local events, host talks at gyms on health topics, or network to gain face-to-face exposure; combine this with AI-adapted SEO to stand out in search results and attract ideal patients.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career. Tune in weekly at  http://bootstrapmd.com  About the Guest: Andrew Newland is the founder and CEO of Functional Medicine Marketing, a digital agency dedicated to helping functional and integrative medicine clinics grow their visibility and attract ideal patients. With a background in communications and entrepreneurship, Andrew transitioned from running a landscaping business in Colorado Springs to focusing on marketing after personal health challenges led him to embrace functional medicine. His agency, previously Six IT Marketing (inspired by Alice in Wonderland's "six impossible things"), specializes in SEO-first strategies designed for longevity, leveraging technical optimization, high-quality content, and local SEO. Andrew is also the author of Digital Marketing & SEO for Functional Medicine Practices, available on Amazon and as a free e-copy at functionalmedmarketing.com, where he offers free website evaluations to help physicians optimize their online presence. Website: https://functionalmedmarketing.com About the Host:    Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This episode is sponsored by: My Financial Coach You trained to save lives—who's helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it's crushing student loans, optimizing investments, or planning for retirement, you'll get a personalized strategy built around your goals. Save for a vacation home, fund your child's education, or prepare for life's surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit https://myfinancialcoach.com/bootstrapmd/ to meet your financial coach and find out if concierge planning is right for you. ——————— In this episode of Bootstrap MD, host Dr. Mike Woo-Ming, shares his proven Four P Framework to revolutionize physician branding: Positioning, Presence, Proof, and Premium. Through real-world examples, he contrasts two dermatologists—one struggling with low-cost deals and outdated facilities, the other thriving with premium pricing and a six-month waitlist—highlighting how branding shapes perception and profitability. Dr. Ming explains how to position yourself as a specialist for a specific audience, maintain a consistent online and offline presence, build trust with compelling proof like patient testimonials and media features, and deliver a premium experience that justifies higher rates. He also warns against common pitfalls like appealing to everyone, inconsistent messaging, and competing on price alone. This episode is a must-listen for physicians aiming to attract better patients, increase revenue, and enjoy a fulfilling practice.   Three Actionable Takeaways: Define Your Positioning – Use the formula "I help [specific audience] achieve [specific result] without [specific pain point]." For example, "I help women over 35 regain energy through hormone therapy without endless doctor visits." Write your positioning statement using this framework to clarify your niche and attract ideal patients. Ensure Consistent Presence – Audit your website, Google My Business, LinkedIn, and social media for inconsistencies in photos, messaging, or visuals. Fix the three biggest discrepancies this week to create a cohesive brand that builds recognition and trust. Build Trust with Proof – Reach out to three recent patients with measurable outcomes and request testimonials or video reviews. Write a three-sentence personal story using the Challenge-Journey-Mission framework to share why you became a physician, fostering an emotional connection with patients.   About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career. Tune in weekly at  http://bootstrapmd.com  About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com   Want to start a podcast? Check out the Doctor Podcast Network!  

This episode is sponsored by: My Financial Coach You trained to save lives—who's helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it's crushing student loans, optimizing investments, or planning for retirement, you'll get a personalized strategy built around your goals. Save for a vacation home, fund your child's education, or prepare for life's surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit https://myfinancialcoach.com/bootstrapmd/  to meet your financial coach and find out if concierge planning is right for you. ____________ In this episode, host Dr. Mike Woo-Ming, explores the mental barriers preventing physicians from thriving as entrepreneurs. Dr. Woo-Ming shares his wake-up call from a grueling Christmas morning ER shift, highlighting the pitfalls of a risk-averse, perfectionist mindset ingrained by medical training. He outlines three transformative mindset shifts: moving from perfectionism to iteration, transitioning from clinician to CEO, and embracing collaboration over scarcity. Through stories of building cash-based clinics and a test-prep company, he emphasizes creating systems for value-based revenue, delegating tasks, and learning from competitors. Dr. Woo-Ming offers practical tools like the Goal Getting Six system and CEO time-blocking to help physicians build sustainable businesses while maintaining clinical excellence. This episode is vital for healthcare professionals seeking to overcome burnout, regain autonomy, and build wealth through entrepreneurship. Three Actionable Takeaways: Embrace Iteration Over Perfection – Start your business imperfectly and refine it with real patient feedback. Done beats perfect; focus on solving problems rather than flawless execution to build momentum and grow sustainably. Transition to a CEO Mindset – Delegate routine tasks to staff and create systems to work on your business, not in it. Invest in training mid-level providers to free up time, ensuring your practice runs without you as the bottleneck. Adopt a Collaborative Approach – Shift from a scarcity mindset to one of abundance by learning from competitors' successes and failures. Research market demands and differentiate your services to create value and build lasting relationships. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career. Tune in weekly at  http://bootstrapmd.com  About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com 

This episode is sponsored by: My Financial Coach You trained to save lives—who's helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it's crushing student loans, optimizing investments, or planning for retirement, you'll get a personalized strategy built around your goals. Save for a vacation home, fund your child's education, or prepare for life's surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit  https://myfinancialcoach.com/bootstrapmd/ to meet your financial coach and find out if concierge planning is right for you. ——————— In this episode of Bootstrap MD, host Dr. Mike Woo-Ming talks about how ChatGPT can help doctors and other healthcare professionals in their work. Addressing skeptics, he outlines 10 real-world applications of AI in his practice, including telemedicine documentation, patient education, email responses, and marketing content creation. Dr. Woo-Ming emphasizes using ChatGPT as a tool to work smarter, not harder, while maintaining strict privacy standards (no patient data input). From crafting simplified patient instructions to drafting legal agreements and analyzing business expenses, he demonstrates how AI saves time, reduces burnout, and enhances productivity. This episode is a must-listen for physicians seeking practical ways to integrate AI into their workflows and reclaim time for what matters most. Three Actionable Takeaways Streamline Documentation with Templates – Use ChatGPT to create de-identified SOAP note templates for common conditions (e.g., erectile dysfunction, weight management) to cut charting time from 10 minutes to under 2 minutes, ensuring compliance with workplace AI policies. Enhance Patient Education – Prompt ChatGPT to explain treatments like tirzepatide at a sixth-grade reading level to improve patient compliance and reduce side-effect-related dropouts, tailoring outputs to your practice's needs. Optimize Business Operations – Leverage ChatGPT for financial analysis (e.g., identifying overspending in software subscriptions) or drafting job postings and SOPs to save costs and improve hiring efficiency, always reviewing outputs for authenticity. About the Show Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career. Tune in weekly at  http://bootstrapmd.com   About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com  Want to start a podcast? Check out the Doctor Podcast Network!

This episode is sponsored by: My Financial Coach You trained to save lives—who's helping you save your financial future? My Financial Coach connects physicians with CFP® Professionals who specialize in your complex needs. Whether it's crushing student loans, optimizing investments, or planning for retirement, you'll get a personalized strategy built around your goals. Save for a vacation home, fund your child's education, or prepare for life's surprises—with unbiased, advice-only planning through a flat monthly fee. No commissions. No conflicts. Just clarity. Visit https://myfinancialcoach.com/bootstrapmd/ to meet your financial coach and find out if concierge planning is right for you. ——————— Are your business goals holding you back? In this episode of Bootstrap MD, Dr. Mike Woo-Ming, shares a game-changing mindset shift for healthcare professionals tired of unpredictable revenue and burnout. Drawing from his experience building seven-figure businesses, Dr. Woo-Ming explains why focusing on systems, not goals, is the key to sustainable success. He breaks down why goal-only thinking creates feast-or-famine cycles, feelings of failure, and vulnerability to real-world variables like staff turnover or market shifts. Through practical examples—like patient acquisition, content marketing, hiring, and investment systems—Dr. Woo-Ming offers a four-step framework to systemize your practice or side hustle. This episode is packed with actionable strategies to help physicians take control of their income, time, and freedom by building reliable, repeatable processes. Three Actionable Takeaways: Define Specific, Measurable Outcomes – Set clear but flexible goals (e.g., "10 paying coaching clients in 60 days") to guide your system-building without micromanaging every detail. Focus on Repeatable Inputs – Identify and schedule consistent weekly tasks (e.g., outreach to 5 leads, creating 1 video) that drive your outcomes, ensuring control over what you can predictably execute. Track Inputs, Not Just Results – Monitor weekly system tasks (e.g., discovery calls booked, content published) using simple tools like Google Docs or Loom to ensure consistency and improve outcomes over time. About the Show: Bootstrap MD is the ultimate podcast for physician entrepreneurs looking to escape traditional healthcare and control their financial futures. Hosted by Dr. Mike Woo-Ming, a successful physician, entrepreneur, and investor, the show delivers actionable insights on starting businesses, creating passive income, and navigating healthcare entrepreneurship. Featuring interviews with industry leaders, physicians, and experts in telemedicine and digital health, it's your guide to building a profitable, fulfilling career. Tune in weekly at  http://bootstrapmd.com  About the Host:  Dr. Mike Woo-Ming has over 20 years of experience as a physician entrepreneur. He's built and sold multiple seven-figure companies and now leads Executive Medical, a group of clinics specializing in age management and aesthetics. Through BootstrapMD, he mentors physicians in business, content creation, and autonomy. Let's Connect: www.https://www.bootstrapmd.com    Want to start a podcast? Check out the Doctor Podcast Network!