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

This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors  to learn more. Trading involves risk, and results may vary. This is not financial advice.__________________________________What are the best side hustles for physicians, and which ones can eventually replace their clinical income? In this episode of Bootstrap MD, Dr. Mike Woo -Ming ranks popular physician side gigs using a practical tier-list approach. He evaluates each opportunity based on earning potential, flexibility, startup costs, licensing requirements, risk, and whether it allows physicians to build an asset rather than simply exchange more hours for money.From medical surveys, chart reviews, telemedicine, and locums to real estate investing, coaching, buying a business, and content creation, Dr. Woo -Ming explains the benefits and limitations of each option. He highlights opportunities with the potential to create long-term wealth while emphasizing that the right choice depends on a physician’s specialty, available capital, schedule, goals, and desired lifestyle. The central lesson: the best side hustle may not be the one that pays fastest, but the one that helps you build something you own.Physicians will learn how to compare side hustles, assess risks, evaluate income potential, and identify opportunities for building long-term wealth.Top 3 Actionable Takeaways: Choose a Side Hustle That Matches Your Goals: Before pursuing an opportunity, decide whether you need immediate extra income, greater schedule flexibility, or long-term wealth. Locums and telemedicine may provide additional earnings, while businesses and investments may offer opportunities to build assets over time.Evaluate More Than the Earning Potential: Consider startup costs, licensing, credentialing, malpractice exposure, time commitments, and income limitations. A side hustle with attractive pay may still carry substantial risks or leave you dependent on continuously trading your time for money.Build Assets and a Reputation for Long-Term Growth: Explore opportunities that can grow beyond your personal working hours. Dr. Woo -Ming highlights real estate, coaching, business ownership, and content creation as strong options because they can build assets, audiences, or systems that support additional 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!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors  to learn more. Trading involves risk, and results may vary. This is not financial advice.__________________________________What if the reason you're stuck isn't a lack of effort, but that you're solving the wrong problem? In this episode of Bootstrap MD, Dr. Mike Woo-Ming explains why physicians often jump to solutions before identifying their actual challenges. He introduces three areas to examine: numbers, marketing, and team, starting with one essential question: What is your goal?Dr. Mike shares a practical framework for creating a focused 90-day plan, including choosing one meaningful metric, making one marketing decision, and delegating one responsibility. Through a physician practice example, he demonstrates how identifying the real bottleneck can prevent wasted spending, reduce unnecessary workload, and create a clearer path toward professional goals.Listeners will learn how to identify the real problems holding back their practice or career, set measurable goals, track key numbers, evaluate marketing, improve delegation, and create a focused 90-day action plan.Three Actionable Takeaways:Define one clear goal: Replace vague ambitions such as “grow” or “make more money” with a specific outcome you can measure and recognize when achieved.Track the right number and evaluate your marketing: Choose one metric that directly reflects progress toward your goal. Determine whether your marketing needs improvement, a change in direction, or a temporary pause.Delegate and focus on one bottleneck: Identify one responsibility someone else can own, or involve a trusted person in your career decision. Choose the biggest obstacle to address over the next 90 days and decide what you can stop doing.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!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors  to learn more. Trading involves risk, and results may vary. This is not financial advice.__________________________________What if physicians could build businesses that give them more control over their time, income, and future?In this episode of Bootstrap MD, Dr. Mike Woo-Ming sits with Dr. Eric Wright and Jenna Wright as they share their entrepreneurial journey, from launching Charleston Payroll in 2014 to selling the business in 2024. They explain how networking, trusted CPA relationships, recurring revenue, and planning for an eventual exit helped them grow the company while Eric continued working in emergency medicine.The couple also discussed building a 1099 Tax Doctor, helping physicians understand self-employment, tax planning, and retirement options. They share lessons on delegating tasks, working together as spouses and business partners, learning from failure, and moving beyond trading time for money. Their advice: start with an idea, take action, and learn as you go.Listeners will learn how physicians can build businesses, plan exits, improve tax awareness, delegate effectively, and create greater financial and personal freedom.Top 3 Actionable Takeaways:Start before you feel completely ready. Eric and Jenna explain that entrepreneurship involves setbacks and uncertainty. Start with a practical idea, take action, and treat each experience as an opportunity to learn and improve.Delegate strategically. Understand the value of your time and identify tasks that someone else can handle. Delegating appropriate responsibilities can create more room for higher-value work, business development, and family life.Plan your business exit early. Even if you do not intend to sell soon, understand what a future buyer might value. Keep your business records organized and consider how client relationships, revenue, and operational systems affect its potential sale.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.comAbout the Guest:Dr. Eric Wright and Jenna Wright are a husband-and-wife entrepreneur team. Eric is an emergency physician turned entrepreneur, while Jenna is an Emmy-nominated broadcast journalist turned business owner. Together, they built and sold Charleston Payroll in 2024 and now operate 1099 Tax Doctor, helping physicians navigate self-employment, tax planning, and related financial services.Connect With the GuestsWebsite: 1099taxdoctor.comPodcast: 1099 Tax Doctor podcast  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!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors  to learn more. Trading involves risk, and results may vary. This is not financial advice.__________________________________In an era when full-spectrum rural practice feels increasingly rare, Dr. Peter Crane is living it. Board-certified family physician, former county EMS medical director, and longtime chief of staff at a critical access hospital, he returned home to rural Idaho in 2011 and stepped into the clinic where he once received his own sports physicals, succeeding the very doctor who delivered him.On this episode of Bootstrap MD, host Mike sits down with Dr. Crane to explore what full-spectrum care actually looks like day-to-day, the unique rewards and boundary challenges of practicing where everyone knows you, and the life-altering moment in 2022 when he discovered a large solitary fibrous tumor by reading his own CT report while working an ER shift. The subsequent radiation, major surgery, temporary paralysis, and ongoing treatment forced a profound shift: radical acceptance, loss of fear, deeper empathy for patients, and a renewed commitment to medicine.Out of that experience came the Doctors Making a Difference podcast (now past 100 episodes), where Crane spotlights physicians doing meaningful work and pushes back against the prevailing narrative of burnout and despair. This conversation is equal parts inspiring origin story, candid patient journey, and call for physicians to claim their voice and stay in the profession.Three Actionable Takeaways:Protect boundaries while staying present: In a small community, patients will approach you outside the clinic. Have a consistent, respectful way to redirect clinical questions so you can still be a member of the community without sacrificing personal time.Practice radical acceptance to reduce fear: Accepting the possibility of the worst outcome can free you from sweating the small stuff. Use that clarity to say “no” to nonsensical demands and “yes” with full energy to what truly serves patients and your own wellbeing.Create content that puts physicians back in the driver’s seat: Patients consume hours of health information daily from non-physician sources. Whether through a podcast, social posts, or occasional videos, share accurate, compassionate perspectives. You don’t need to be the world’s top expert, just one or two steps ahead of your audience.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.comAbout the Guest:Dr. Peter Crane is a board-certified family physician practicing full-spectrum rural medicine in Idaho since 2011. He took over the practice of the physician who delivered him, has served as county EMS medical director and hospital chief of staff, and continues ER and obstetric work alongside clinic care. After surviving a rare large solitary fibrous tumor, he launched the Doctors Making a Difference podcast (Doctor Podcast Network), where he highlights physicians doing meaningful work in and beyond medicine. He also contributes content related to solitary fibrous tumor awareness.Website: doctorsmakingadifference.comPodcast: Doctors Making A Difference 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!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode is sponsored by NURPNURP helps busy physicians grow their wealth through AI-powered algorithmic trading designed for demanding careers. No day trading, no guesswork, and no constant market watching required. Ready to put your money to work? Visit start.nurp.com/doctors  to learn more. Trading involves risk, and results may vary. This is not financial advice.—----------------------------What would make a doctor walk away from pathology residency just one year from finishing?In this inspiring episode of BootstrapMD, host Dr. Mike Woo-Ming welcomes Jackie Dallas: physician by training, actress by passion, and women’s health advocate. She explains how she treated acting as a business rather than waiting to be discovered, leveraged her real medical background to book early roles, and navigated early typecasting as an Asian actress. Listeners hear the story behind her breakout role in Stranger Things Season 1 and her recurring role in the Netflix hit The Hunting Wives.Jackie also discusses her return to medicine through advocacy, launching HerHealth101.com to educate women about underdiagnosed pelvic floor conditions, self-advocacy in short appointments, and the ongoing underfunding of women’s health research.She closes with practical advice for physicians curious about creative careers: start small, treat it like a business, and don’t quit your day job until you’ve tested the waters.Three Actionable Takeaways:The sunk-cost fallacy keeps many physicians stuck; Jackie left with one year of residency remaining because she knew the path wasn’t right for her.Acting is a business, not magic:  Treat it like any other career; build credits, develop skills, get representation, and persist through rejection.Physicians have unique advantages in creative fields: (authenticity in medical roles, research skills, discipline). Jackie now channels that same training into women’s health education via HerHealth101.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.comAbout the GuestJackie Dallas is a SAG-AFTRA actress and former physician. She trained in surgery and pathology before leaving medicine to pursue acting full-time. Her credits include Stranger Things (Season 1), 13 Reasons Why, Magnum P.I., NCIS: Hawai’i, Criminal Minds, Fear the Walking Dead, and a recurring role as a political strategist in Netflix’s The Hunting Wives. She is the founder of HerHealth101, a platform dedicated to educating women about pelvic floor health and self-advocacy.Connect with Jackie Dallas:Website: https://www.jackiedallas.comHerHealth101: https://herhealth101.comInstagram: @jaxdallasIMDb: imdb.me/jackiedallas 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!  Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.