How to Make Your Practice Sellable With Dr. Mike Woo-Ming [Limitless MD, Episode 163]

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Even though your earning potential is substantial as a medical professional, it comes with limitations. There are only so many patients you can care for and so many hours a day. 

However, there’s a transformative path that allows you to leverage your expertise, build a thriving business, implement efficient processes, and eventually sell it for a substantial profit, enabling you to lead a life of ease.

But how do you navigate this journey? What are the key strategies to create a successful practice? How do you master the art of selling it for maximum returns?

Today’s episode holds the key to these questions.

Dr. Mike Woo-Ming, a pioneer in the freedompreneur movement, has the answers. He ventured beyond traditional medicine, creating a life many only dream of. Through Bootstrap MD, he has become a guiding light for others on a similar journey. 

These are some of the topics we cover in our conversation: 

  • Why you need to befriend people who achieved what you want to achieve
  • How to make your practice sellable to private equity 
  • Finding the right buyer for your practice
  • Potential exits for doctors who have multiple clinics

Join us as he shares his wisdom, experiences, and invaluable insights, offering you a roadmap to financial independence and a life of abundance.

“Find people who are old, wealthy, and happy. And do the same things they’re doing. It’s so simple, but it makes sense.” – Dr. Mike Woo-Ming

Resources Mentioned: 

Book “Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth!” by Robert G. Allenhttps://www.amazon.com/Multiple-Streams-Income-Generate-Unlimited/dp/0471714550/

Book “Multiple Streams of Internet Income: How Ordinary People Make Extraordinary Money Online” by Robert G. Allenhttps://www.amazon.com/Multiple-Streams-Internet-Income-Extraordinary/dp/0471783277/

Book “10x Is Easier Than 2x: How World-Class Entrepreneurs Achieve More by Doing Less” by Dan Sullivan and Dr. Benjamin Hardyhttps://www.amazon.com/10x-Easier-Than-World-Class-Entrepreneurs/dp/140196995X/

Connect with Dr. Mike Woo-Ming:

Freedom 5 Dochttps://www.freedom5doc.com/

BootstrapMDhttps://bootstrapmd.com/

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