5 Mistakes Sucking the Profit Out of Your Medical Practice

The EntreMD Podcast

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Are you always on the hunt for new clients?

I know the struggle–it can be exhausting and expensive.

But what if I told you there’s a hidden goldmine right within your existing client base?

Let me introduce you to the concept of “second generation revenue”.

Today, you’ll learn how focusing on your current clients can dramatically improve your profitability. I’ll reveal the five common business mistakes driving away this second generation revenue and how to fix them.

So, if you’re a physician entrepreneur looking to build a more profitable, sustainable, and scalable business without constantly seeking new clients, this episode is for you.

Let’s dive in!

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Key Takeaways:

• 00:00 Intro
• 00:45 The second generation revenue explained
• 03:38 What happens when you lack integrity
• 06:49 Don’t forget the basics of customer service
• 08:46 Minimize errors in your business
• 14:18 Impact of poor packaging
• 15:43 Avoid long response time
• 19:19 Quick recap
• 20:57 Effects of solving these five practices
• 21:43 Outro

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Additional Resources:

• Learn more about my 12-month program.
• Interested in 1-on-1 coaching? Apply here.
• Grab a copy of the "The EntreMD Method" book.

When you are ready to work with us, here are three ways:

• EntreMD Business School Accelerator - If you are looking to make a 180 turnaround in your business in 90 days, this is the program for you.
• EntreMD Business School Grow - This is our year-long program with a track record of producing physician entrepreneurs who are building 6, 7 and 7+ figure businesses. They do this while building their dream lives!
• EntreMD Business School Scale - This is our high-level mastermind for physicians who have crossed the seven figure milestone and want to build their businesses to be well oiled machines that can run without them.

To get on a call with my team to determine your next best step, go here ...

Luvut

1. Maximizing Second Generation Revenue (00:00:00)

2. Building Trust Through Integrity and Service (00:03:39)

3. Improving Business Practices for Success (00:08:39)

4. Boosting Business Profitability and Sustainability (00:21:43)